Title
Department of Transportation recommending the Board authorize the Chair to sign the second amendment to the Agreement between the El Dorado County Transportation Commission and El Dorado County for Fiscal Year 2013-14 and Fiscal Year 2014-15 Regional Surface Transportation Program Exchange Funds, amending the project list, with no change to the total amount.
FUNDING: Regional Surface Transportation Program Exchange Funds. (State Funds)
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DISCUSSION / BACKGROUND
As authorized by Section 182.6(g) of the Streets and Highway Code, El Dorado County Transportation Commission (EDCTC) has entered into Agreements X14-6157(050) and X15-6157(054) with the California Department of Transportation (Caltrans) to assign a defined portion of its annual Regional Surface Transportation Program (RSTP) Exchange Funds apportionment to Caltrans in exchange for Fiscal Year (FY) 2013-14 and FY 2014-15 nonfederal State Highway Account Funds. EDCTC is authorized to use these Exchange Funds to assist local agencies in promoting projects which otherwise qualify for RSTP funds. EDCTC is required to execute formal written agreements between EDCTC and RSTP Exchange Recipients and provide oversight of the program funds. The EDCTC Board approved the allocation and payment of FY 2013-14 funds on June 19, 2014, and the allocation and payment of FY 2014-15 funds on December 3, 2015, calculated per the formula-based distribution policy adopted by EDCTC on February 3, 2011. The expiration date of the funds is five (5) years from the date funds are allocated by the EDCTC.
On November 17, 2015, Legistar 15-1092, Item 24, the Board approved Agreement between EDCTC and El Dorado County for FY 2013-14 and FY 2014-15 RSTP Exchange Funds allocating a total of $849,358 for the County's use, including $349,358 for Bucks Bar Road at North Fork Cosumnes River-Bridge Replacement Project 77116; $300,000 for County-wide road rehabilitation and maintenance materials and activities; and $200,000 for...
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