Title
Transportation Department recommending the Chairman be authorized to sign the Exchange Fund Transfer Agreement 09-52639 with the Tahoe Regional Planning Agency (TRPA) allowing direct transfer of $300,000 of the Federal/State Exchange funds with the TRPA for Fiscal Years 2002-03 to 2005-06 cycles of Regional Surface Transportation Program (RSTP) Exchange Funds.
FUNDING: Regional Surface Transportation Program Funds - TRPA Transfer.
Body
BUDGET SUMMARY:
Total Estimated Cost $300,000
Funding
Budgeted $ 42,000
New Funding $
Savings $
Other* $258,000
Total Funding Available $300,000
Change To Net County Cost $0
* to be included in 10/11 budget
Fiscal Impact/Change to Net County Cost:
There is no net cost to the County General Fund associated with this agenda item.
Background:
Section 182.6 of the Streets and Highways Code authorizes the TRPA to exchange the assigned Federal apportionments made available to TRPA 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 Agreements [Agreement numbers: X03-6125(016), X04-6125(017), X05-6125(019), and X06-6125(020)] pursuant to Section 182.6 of the Streets and Highways Code, between Caltrans and TRPA, these funds have been exchanged for a like amount of State funds. TRPA has accumulated these funds over prior period funding cycles and the activities proposed by the Transportation Department meet their funding criteria.
In order for El Dorado County to receive these exchanged funds from TRPA, an Exchange Fund Transfer Agreement between TRPA and El Dorado County is needed to transfer the State funds. The funds will be used within the Tahoe Engineering Division Environmental Improvement Program for the Lake Tahoe Boulevard Bike Trail Project (JN 95186) and for the Sawmill 2 Bike Pat...
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