Subject
title
Capital Programming Update
overview
Overview
The Orange County Transportation Authority uses a combination of federal, state, and local funding sources to plan and deliver Board of Directors-approved capital improvement and transit projects, including those promised in the voter-approved sales tax program, Measure M2. As projects advance through the various stages of development, funding sources and amounts are updated and adjusted to reflect the most current cost estimates and to maximize the benefit of local sales tax dollars. Board of Directors’ authorization is requested to commit funding for current and planned projects as further described herein.
recommendation
Recommendation(s)
A. Authorize the use of up to $180.584 million to fund the construction phase and adjust costs associated with prior phases for the State Route 55 Improvement Project from Interstate 5 to State Route 91 (Project F) using Measure M2 funding.
B. Authorize the use of up to $334.367 million to fund the construction phase and adjust costs associated with prior phases for the State Route 91 Improvement Project from La Palma Avenue to State Route 55 (Segment 2) (Project I), using the following funding sources:
• 91 Express Lanes Excess Revenue ($323.726 million)
• Local Partnership Program - Formulaic ($6.641 million)
• Community Project Funding / Congressionally Directed Spending ($4.000 million)
C. Authorize the use of up to an additional $132.149 million to supplement the construction funding and prior phase funding for the Interstate 5 Improvement Project from Interstate 405 to Yale Avenue (Segment 1) (Project B) using Measure M2 funding.
D. Authorize the use of up to an additional $80.172 million to supplement the construction funding and prior phase funding for the State Route 91 (Segments 1 and 3) (Project I) using 91 Express Lanes Excess Revenue.
E. Authorize the use of up to an additional $14.699 million to supplement the construction funding and prior phase funding for the Interstate 605/Katella Avenue Interchange Project (Project M) using Measure M2 funding.
F. Authorize the inclusion of $39.251 million in committed State Highway Operations and Protection Program funds and an additional $22.769 million in uncommitted future state funds to integrate the California Department of Transportation Multi-Asset Project into the Capital Funding Program report for:
• Interstate 5 Improvement Project between Interstate 405 and Yale Avenue (Segment 1) (Project B) ($36.400 million in committed State Highway Operations and Protection Program funds and $13.744 million in uncommitted future state funds)
• State Route 91 Improvement Project from Acacia Street to La Palma Avenue (Segment 3) (Project I) ($2.851 million in committed State Highway Operations and Protection Program funds and $9.025 million in uncommitted future state funds)
G. Authorize the use of up to $8.000 million for the Inland Slope Rehabilitation Phase II Project from the following fund sources:
• Measure M2 ($5.600 million)
• Local Partnership Program - Formulaic ($2.400 million)
H. Authorize the use of up to $12.830 million in Congestion Mitigation and Air Quality Improvement funds for the Future Zero-Emission Bus Project.
I. Authorize staff to process all necessary amendments to the Federal Transportation Improvement Program and execute or amend all necessary agreements to facilitate the above actions