Title
Department of Transportation recommending the Board authorize the Chair to sign Amendment 2 to the Cooperative Agreement with the State of California, Department of Transportation, County Agreement AGMT 08-1685, District Agreement No. 03-351 for the U.S. 50 High Occupancy Vehicle Lanes from Latrobe Road to Bass Lake grade, extending the easterly limit of the Project from PM 2.9 to PM 5.0, revising funding obligations and other minor changes.
Body
BUDGET SUMMARY:
Total Estimated Cost $0
Funding
Budgeted $
New Funding $
Savings $
Other* $
Total Funding Available $
Change To Net County Cost $0
Fiscal Impact/Change to Net County Cost:
There is no fiscal impact associated with this agenda item. The table below details the effect that approving this Amendment would have on the County of El Dorado's (County) and California Transportation Commission's (CTC) funding obligation for the HOV Lanes Phase 1 Project (Project). The County's obligation of $16.6 million would be reduced to $14.9 million, maintaining $1.9 million in County savings from the original County bid award savings of $4.4 million. In addition, the original County bid award also had a savings of $3.5 million for the CTC's obligation that would have been returned to the CTC for other uses. Approving this Amendment, in conjunction with the May 19, 2010 CTC approval of El Dorado County Transportation Commission's (EDCTC) Amendment of the Baseline Agreement will keep the $3.5 million CTC savings in the Project for the proposed additional Project scope. There will be a subsequent agenda item for a construction change order for Board approval that will authorize the expenditure of the CTC's savings on the Project. There is no net cost to the County's General Fund associated with this agenda item.
Current Agreement Proposed Amend 2 Agreement
Agency County CTC County CTC
Funding Obli...
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