Title
Community Development Services, Department of Transportation, recommending the Board authorize the Chair to sign Agreement X18-6157(064) between the El Dorado County Transportation Commission and El Dorado County Department of Transportation in the amount of $504,013 for Fiscal Year 2017/2018 Surface Transportation Block Grant Program Exchange Funds.
FUNDING: Surface Transportation Block Grant Program Exchange Funds (X18-6157(064)).
Body
DISCUSSION / BACKGROUND
As authorized by Section 182.6(g) of the Streets and Highway Code, El Dorado County Transportation Commission (EDCTC) has entered into Agreement X18-6157(064) with the State of California, through the Department of Transportation (Caltrans), to assign a defined portion of its annual Surface Transportation Block Grant Program (STBGP) apportionment to Caltrans in exchange for FY 2017/18 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 2017/18 STBGP Exchange Funds on June 14, 2018, 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
The Board could choose to not approve this Agreement, which would result in the County not receiving the funding.
OTHER DEPARTMENT / AGENCY INVOLVEMENT
EDCTC, County Counsel
CAO RECOMMENDATION / COMMENTS
It is recommended that the Board approve this item.
FINANCIAL IMPACT
Approval of this Agreement will allow the County to receive a total of $504,013 in STBGP funding to be used on the following Capital Improvement Program Projects; Green Valley Road at Mound Springs ...
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