Title
Community Development Agency, Transportation Division, recommending the Board authorize the Chair to sign the Exchange Fund Transfer Agreement No. 13-53733 with the Tahoe Regional Planning Agency allowing direct transfer of $147,016 of the Federal/State Exchange funds with the Tahoe Regional Planning Agency for Fiscal Years 2011/2012 and 2012/2013 cycles of Regional Surface Transportation Program Exchange Funds.
FUNDING: Regional Surface Transportation Program Exchange Federal/State Grant Funds.
Body
BUDGET SUMMARY:
Total Estimated Cost…………… $147,016
Funding…………………………
Budgeted…………………………
New Funding…………………….
Savings…………………………
Other…………………………… $147,016
Total Funding Available………… $147,016
Change To Net County Cost…… $0
The $147,016 to be secured through this Exchange Fund Transfer Agreement will be programmed in the Fiscal Year 2014/2015 (FY 14/15) Budget. The Project with associated funds is included within the approved 2013 Capital Improvement Program (CIP).
Fiscal Impact/Change to Net County Cost
There is no change to net County cost. Funds are programmed in the CIP for FY 14/15 and will be included in the FY 14/15 Proposed Budget.
Background
Section 182.6(g) of the Streets and Highways Code authorizes the Tahoe Regional Planning Agency (TRPA) to exchange the assigned Federal apportionments made available to TRPA under the “Safe, Accountable, Flexible, Efficient, Transportation Equity Act - A Legacy for users” (SAFETEA-LU), Regional Surface Transportation Program (RSTP), for nonfederal State Highway Account funds. Through Agreement numbers: X12-6125(028) and X13-6125(029)] pursuant to Section 182.6 of the Streets and Highways Code, between Caltrans and TRPA, these funds have been exchanged for a like amount of State funds. TRPA has accumulated these State funds over prior period funding cycles and the activities proposed by the Community Development Agency, Transportation Division (Transportation) meet their funding crite...
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