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 in response to changing circumstances, which may require funding revisions. Board of Directors’ authorization is required to provide funding for current or planned freeway, grade separation, and transit capital projects.
Recommendation(s)
A. Consistent with right-of-way phase estimates for the Interstate 5 Improvement Project from Yale Avenue to State Route 55 (Segment 2), authorize the use of $23.926 million from the following fund sources:
• Surface Transportation Block Grant ($17.5 million),
• Measure M2 freeway funds ($5.575 million),
• Repurposed earmarks (up to $0.851 million), contingent on Federal Highway Administration approval, and
• Additional Measure M2 freeway funds in lieu of $0.851 million of repurposed earmarks, in the event the federal funds are not available.
B. Consistent with updated design phase estimates for the State Route 55 Improvement Project from Interstate 5 to State Route 91, authorize the use of the funding below, increasing total funding for the phase from $8.921 million to $11 million, and reducing Measure M2 funds by $3.921 million:
• Surface Transportation Block Grant ($3.359 million), and
• Highway Infrastructure Program ($2.641 million).
C. Authorize the use of $1.720 million in Measure M2 for the State Route 55 Improvement Project from Interstate 405 to Interstate 5 to support anticipated increased costs for the design phase, changing the total project estimated cost from $504 million to $505.720 million.
D. Consistent with the forecasted cost for the environmental phase for the Interstate 5 Managed Lanes Project from the Orange County/San Diego County line to Avenida Pico, authorize the use of $0.907 million in additional Surface Transportation Block Grant funds to fund this change in the project cost estimate from $5.5 million to $6.407 million.
E. Authorize the use of up to $3.207 million in additional Measure M2 Regional Capacity Program funds for the OC Bridges Railroad Grade Separation Program in lieu of federal Congestion Mitigation and Air Quality improvement funding.
F. Authorize the use of $12.526 million in Congestion Mitigation and Air Quality Improvement Program funds for 173 bus engine repowers.
G. 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.