Title
Community Development Agency, Transportation Division, recommending the Board authorize the Chair to sign Agreement between the El Dorado County Transportation Commission and El Dorado County for Fiscal Year 2015/16 Regional Surface Transportation Program Exchange Funds, subject to County Counsel review and approval, in the amount of $427,232.
FUNDING: Regional Surface Transportation Program Exchange Funds.
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DEPARTMENT RECOMMENDATION
Community Development Agency, Transportation Division, recommending the Board authorize the Chair to sign an Agreement with El Dorado County Transportation Commission (EDCTC) for Fiscal Year (FY) 2015/16 Regional Surface Transportation Program (RSTP) Exchange Funds, subject to review and approval by County Counsel, in the amount of $427,232.
DISCUSSION / BACKGROUND
As authorized by Section 182.6(g) of the Streets and Highway Code, EDCTC has entered into Agreement X16-6157(058) with the State of California, through the Department of Transportation (Caltrans), to assign a defined portion of its annual RSTP apportionment to Caltrans in exchange for FY 2015/16 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 received the FY 2015/16 RSTP Exchange Funds on June 9, 2016, which will be paid to the County per the formula-based distribution policy adopted by EDCTC on February 3, 2011, after the execution of this Agreement. The expiration date of the funds is five (5) years from the date funds are allocated by EDCTC.
ALTERNATIVES
Until an item such as this is approved by the Board, the funding will remain unclaimed.
OTHER DEPARTMENT / AGENCY INVOLVEMENT
EDCTC; pending County Counsel approval
CAO RECOMMENDATION
Chief Administrative Office concurs wit...
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