Title
OC Streetcar Full Funding Grant Agreement
Overview
Design of the OC Streetcar project is advancing rapidly, and staff is ready to submit the final documentation demonstrating the Orange County Transportation Authority’s readiness to receive a Full Funding Grant Agreement through the federal Section 5309 Capital Investment Grant Program. Staff is seeking Board of Directors’ approval to request and enter into a Full Funding Grant Agreement with the Federal Transit Administration for the OC Streetcar project.
Recommendation(s)
A. Approve the revised OC Streetcar project funding plan consistent with the outcome of the Federal Transit Administration Risk Assessment Workshop conducted on the 60 percent design.
B. Authorize the use of an additional $1.43 million in Congestion Mitigation Air Quality Improvement Program funding, increasing the total project funding from $297.91 million to $299.34 million.
C. Approve the Interim Comprehensive Business Plan and Financial Commitment Policy Statement to address the Orange County Transportation Authority’s commitments to its bus and rail operations as required to support the request for a Full Funding Grant Agreement.
D. Authorize the Chief Executive Officer to request and enter into a Full Funding Grant Agreement to secure a federal contribution of $148.96 million through the Section 5309 Capital Investment Grant Program.
E. Authorize staff to make all necessary amendments to the Federal Transportation Improvement Program and execute any required agreements or amendments to facilitate the recommendation above.