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Community Development Agency, Transportation Division, recommending the Board authorize the Chair to sign First Amendment to Agreement between the El Dorado County Transportation Commission and El Dorado County for Fiscal Year 2013/14 and Fiscal Year 2014/15 Regional Surface Transportation Program Exchange Funds.
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 First Amendment to Agreement between the El Dorado County Transportation Commission (EDCTC) and El Dorado County for Fiscal Year (FY) 2013/14 and FY 2014/15 Regional Surface Transportation Program (RSTP)Exchange Funds, replacing Exhibit A with Exhibit A-1 (6/28/16), subject to County Counsel review and approval.
DISCUSSION / BACKGROUND
As authorized by Section 182.6(g) of the Streets and Highway Code, EDCTC has entered into Agreements X14-6157(050) and X15-6157(054) with the California Department of Transportation to assign a defined portion of its annual RSTP apportionment to Caltrans in exchange for FY 2013/14 and FY 2014/15 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 Board approved the allocation and payment of FY 2013/14 funds on June 19, 2014, and the allocation and payment of FY 2014/15 funds on December 3, 2015, calculated per the formula-based distribution policy adopted by EDCTC on February 3, 2011. The expiration date of the funds is five (5) years from the date funds are allocated by the EDCTC.
On November 17, 2015 (Item 24), your Board approved Agreement between EDCTC and El Dorado County for FY 2013/14 and FY 2014/15 Regional Surface Transportation P...
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