Title
Transportation Department recommending Chairman be authorized to sign the Federal Exchange/State Match Program Agreement 08-1710 with the California Department of Transportation (Caltrans) allowing direct exchange with the State of $359,164 in Fiscal Year 2007-2008 cycle Regional Surface Transportation Program Exchange Funds and allowing for the disbursement of $100,000 in State Match Funds.
RECOMMENDED ACTION: Approve.
Body
BUDGET SUMMARY:
Total Estimated Cost $ 459,164
Funding
Budgeted $ 459,164
New Funding $
Savings $
Other $
Total Funding Available $ 459,164
Change To Net County Cost $ 0
Fiscal Impact/Change to Net County Cost: There is no cost to the County General Fund.
Background:
Section 182.6 of the Streets and Highways Code authorizes the County to exchange the assigned Federal apportionments made available to the County 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 an agreement between the County and Caltrans, $359,164 in federal funding (Section 182.6 of the Streets and Highways Code) is being exchanged for a like amount of State funds. An additional $100,000 of State Matching funds (Section 182.9 of the Streets and Highways Code) is also being made available. By exchanging the Federal monies with State monies, funds become less restrictive in use. The State Matching funds of $100,000 will be allocated for use as a match on federally funded transportation projects as the first priority before applying these funds to any other road related purpose. The funds will be used as a match for federal grants on Latrobe Road North of Ryan Ranch Road, Bucks Bar/North Fork Cosumnes Bridge Rehabilitation, and other anticipated federal grants. The portion allocated to the Tahoe Basin will be used for routine m...
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