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Community Development Services, Transportation Department, recommending the Board authorize the Chair to sign Agreement between the El Dorado County Transportation Commission and El Dorado County for Fiscal Year 2016/17 Surface Transportation Block Grant Program Exchange Funds (X17-6157(061)), subject to County Counsel review and approval, in the amount of $455,350.
FUNDING: Surface Transportation Block Grant Program Exchange Funds (X17-6157(061)).
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DEPARTMENT RECOMMENDATION
Community Development Services, Transportation Department, recommending the Board authorize the Chair to sign an Agreement with El Dorado County Transportation Commission (EDCTC) for Fiscal Year (FY) 2016/17 Surface Transportation Block Grant Program (STBGP) Exchange Funds, subject to review and approval by County Counsel, in the amount of $455,350.
DISCUSSION / BACKGROUND
As authorized by Section 182.6(g) of the Streets and Highway Code, EDCTC has entered into Agreement X17-6157(061) with the State of California, through the Department of Transportation (Caltrans), to assign a defined portion of its annual STBGP apportionment to Caltrans in exchange for FY 2016/17 nonfederal State Highway Account funds. EDCTC is authorized to use these exchange funds to assist local agencies in promoting projects which otherwise qualify for STBGP funds. EDCTC is required to execute formal written agreements between EDCTC and STBGP Exchange Recipients and provide oversight of the program funds. The EDCTC received the FY 2016/17 STBGP Exchange Funds on June 6, 2017, 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
CAO RECOMMENDATION
It is recommended th...
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