Title
State Route 55 Improvement Project from Interstate 405 to Interstate 5 Funding Plan Update and SB 1 (Chapter 5, Statutes of 2017) Grant Acceptance
Overview
In early December 2020, the California Transportation Commission awarded the Orange County Transportation Authority $140 million in competitive SB 1 (Chapter 5, Statutes of 2017) Trade Corridor Enhancement Program and SB 1 Local Partnership Program-Competitive funding. Board of Directors’ approval is requested to formally accept the grant awards and program additional federal funds to support the implementation of the State Route 55 Improvement Project from Interstate 405 to Interstate 5.
Recommendation(s)
A. Adopt Resolution No. 2021-001, to accept the Trade Corridor Enhancement Program Grant Award from the California Transportation Commission for $115 million, to commit to the required match of 30 percent for the State Route 55 Improvement Project from Interstate 405 to Interstate 5, and to negotiate and execute any grant required agreements.
B. Adopt Resolution No. 2021-002, to accept the Local Partnership Program-Competitive Grant Award from the California Transportation Commission for $25 million, to commit to the required match of 50 percent for the State Route 55 Improvement Project from Interstate 405 to Interstate 5, and to negotiate and execute any grant required agreements.
C. Authorize the use of up to $36 million in additional federal Surface Transportation Block Grant Program funds, up to $22 million in federal Congestion Mitigation and Air Quality Improvement Program funds, and the reduction of Measure M2 Freeway Program funds of $29.5 million for the State Route 55 Improvement Project from Interstate 405 to Interstate 5.
D. Authorize staff to process all necessary amendments to the Federal Transportation Improvement Program to facilitate programming of the project.