Title
Capital Programming Update
Overview
The Orange County Transportation Authority uses various funding sources to implement planning efforts, capital projects, and transit operations. Project costs can vary from the programmed amount, which may require funding revisions and Board of Directors’ approval to meet funding requirements. Board of Directors’ authorization is required to provide funding for new and ongoing projects as further described herein.
Recommendation(s)
A. Authorize the use of $10.579 million in Measure M2 funds for the Interstate 5 improvements from Interstate 405 to Yale Avenue (Segment 1).
B. Authorize the use of $3.240 million in Highway Infrastructure Program funds for the State Route 57 Improvement Project from Orangewood Avenue to Katella Avenue.
C. Authorize the use of $4.766 million in Federal Surface Transportation Block Grant or Congestion Mitigation and Air Quality Improvement funds for the following transit projects:
• $4.500 million in Congestion Mitigation and Air Quality Improvement funds for the rideshare and vanpool programs.
• $0.266 million in Surface Transportation Block Grant funds for the Orange County Mobility Hub Strategy.
D. 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.