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 manage the investment 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. Consistent with the construction phase estimate for the Interstate 5 Yale Avenue to State Route 55 (Segment 2) Project, authorize the use of up to $28.877 million in Measure M2 funds.
B. Consistent with the construction phase estimate for the State Route 57 Orangewood Avenue to Katella Avenue Project, authorize the use of up to $14.479 million in Measure M2 funds.
C. Authorize the inclusion of $9.998 million in uncommitted future state funds to integrate the California Department of Transportation State Highway Operations and Protection Program Multi-Asset Project for the Interstate 5 Yale Avenue to State Route 55 (Segment 2) Project.
D. Authorize staff to process all necessary amendments to the Federal Transportation Improvement Program and amend all necessary agreements to facilitate the above actions.