Title
OC Streetcar Cost and Schedule Update
Overview
The Orange County Transportation Authority is currently underway with the implementation of the OC Streetcar project. Staff is seeking Board of Directors’ approval of a revised OC Streetcar budget and funding plan.
Recommendation(s)
A. Approve the revised OC Streetcar Federal Transit Administration Full Funding Grant Agreement budget of $509.54 million.
B. Authorize the use of an additional $86.10 million for the OC Streetcar Federal Transit Administration Full Funding Grant Agreement, increasing the total funding for the Full Funding Grant Agreement from $423.44 million to $509.54 million, as follows:
• $45.72 million in additional Congestion Mitigation and Air Quality Improvement Program funds;
• $30.98 million in additional Measure M2 Transit Extensions to Metrolink (Project S) program funding; and
• $9,407,272 in American Rescue Plan Act Capital Investment Grant funds.
C. Authorize staff to male all necessary amendments to the Federal Transportation Improvement Program, update any air quality conformity requirements, and execute any required agreements, amendments, or grants with the Federal Transit Administration to facilitate the recommendation above.