Title
Transportation Department recommending Chairman be authorized to sign, subject to minor modification and approval by County Counsel, Amended Cooperative Agreement A-1 (County AGMT 08-1766), amending Caltrans Cooperative Agreement 03-ED-50 PM 0.0/2.9 (County AGMT 08-1685) increasing the allocation of federal funds, and clarifying funding requirements and responsibility for the associated environmental documents.
FUNDING: 2004 General Plan Highway 50 Traffic Impact Mitigation (TIM) Fee Program, Corridor Mobility Improvement Account (CMIA) state bond funds, Congestion Mitigation and Air Quality Program (CMAQ) grant funds, Regional Surface Transportation Program (RSTP) grant funds and potentially other federal funds.
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BUDGET SUMMARY:
Total Estimated Cost $ 44,568,000
Funding
* Budgeted $ 42,360,000
New Funding $
Savings $
* Other $ 2,208,000
Total Funding Available $ 44,568,000
Change To Net County Cost $ 0
*To be included in the FY 08/09 Budget Addenda. Budgeted amount represents the amount included in the Five Year Capital Improvement Program where costs will be incurred from FY 08/09 through FY 10/11.
Fiscal Impact/Change to Net County Cost:
Funding for this project includes General Plan Highway 50 Traffic Impact Mitigation (TIM) Fee Program funds in the amount of $16,573,517, state bond funds of $20,000,000 from the Corridor Mobility Improvement Account (CMIA), grant funds of $7,994,483 from the Congestion Mitigation and Air Quality (CMAQ) Program. CMAQ funds may be replaced with other federal funds on a dollar for dollar basis.
Background:
On April 22, 2008, your Board approved Caltrans Cooperative Agreement 03-ED-50 PM 0.0/2.9 (County AGMT 08-1865) defining the responsibilities, terms and conditions by which Caltrans and El Dorado County together will cause the construction of High Occupancy Vehicle (HOV) and bus lanes on US Highway 50 from Latrobe Road to the Bass Lake ...
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