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Department of Transportation recommending the Board authorize the Chair to sign a Budget Transfer adjusting the Capital Improvement Program (CIP) budget for Fiscal Year 2023-24 to accommodate the new project budgets and increased 2023-24 expenses for the following previously approved projects in the 2023 CIP:
1) Authorize the use of an additional $355,156 in Regional Surface Transportation Program (RSTP) Advance Exchange funds and $1,655,156 in Traffic Impact Fee (TIF) - Zone B funds for the construction phase of the Enterprise Drive and Industrial Drive Intersection Improvements Project, CIP 36105052/36105053;
2) Authorize and advance $2,085,888 in TIF - Zone C funds for the design, right of way, and construction phases of the Harvard Way and Clermont Way Intersection Improvements Project, CIP 36105080;
3) Authorize and advance $3,165,150 in TIF - Zone C funds for the design and right of way phases for the US 50 / Latrobe Road / El Dorado Hills Boulevard Interchange Improvements - Phase 2B Project, CIP 36104001;
4) Authorize and advance $10,396,678 in TIF - Highway 50 funds and a decrease of $250,000 in Regional Surface Transportation Program (RSTP) Federal Funds for the planning, design, right of way, and construction phases for the US 50 / Ponderosa Road Interchange - Durock Road Realignment Project, CIP 36104008; and
5) Authorize an advance and decrease of $6,523,474 in TIF - Highway 50 funds and a decrease of $250,000 in RSTP Federal Funds for the planning, design, right of way, and construction phases for the US 50 / Ponderosa Road Interchange - North Shingle Road Realignment, CIP 36104009. (4/5 vote required) (Supervisorial Districts I, III, and IV)
FUNDING: Regional Surface Transportation Program (RSTP) Advance Exchange Funds, Traffic Impact Fees (TIF) - Zone B, TIF - Zone C, TIF - Highway 50, and Regional Surface Transportation Program (RSTP) Federal Funds - Caltrans Local Assistance. (Federal and Local Funds).
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DISCUSSION / BACKGROUND
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