Title
Department of Transportation recommending the Board authorize the Chair to sign the Exchange Fund Transfer Agreement #11-53286 with the Tahoe Regional Planning Agency allowing direct transfer of $347,770 of the Federal/State Exchange funds with the Tahoe Regional Planning Agency for Fiscal Years 2005/2006 through 2009/2010 cycles of Regional Surface Transportation Program Exchange Funds.
FUNDING: Regional Surface Transportation Program (RSTP) Exchange Funds.
Body
BUDGET SUMMARY:
Total Estimated Cost $347,770
Funding
Budgeted $
New Funding $
Savings $
Other* $347,770
Total Funding Available $
Change To Net County Cost $0
*to be programmed in FY 2012/13
Fiscal Impact/Change to Net County Cost:
There is no net cost to the County General Fund associated with this agenda item.
Background:
Section 182.6 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 Agreements [Agreement numbers: X06-6125(020), X07-6125(021), X08-6125(022), X09-6125(024), and X10-6125(025)] 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 funds over prior period funding cycles and the activities proposed by the Department of Transportation (Department) meet their funding criteria.
In order for El Dorado County to receive these exchanged funds from TRPA, an Exchange Fund Transfer Agreement (RSTP) between TRPA and El Dorado County is needed to transfer the State funds. The funds will be used within the Tahoe Engineering Unit’s Environmental Improvement Program for th...
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