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 and signal synchronization projects.
Recommendation(s)
A. Authorize the use of $17.8 million in Surface Transportation Block Grant Program funds and $7 million in Measure M2 for the construction of the Interstate 605/Katella Interchange Improvement Project.
B. Consistent with approved Amendment 1 to Agreement No. C-0-2073, authorize the use of up to $1.97 million in 91 Express Lane excess revenue funds for the State Route 91 Improvement Project from Acacia Street to La Palma Avenue (Segment 3) for additional design support.
C. Consistent with pending Amendment 3 to Agreement No. C-8-1426, authorize the use of up to $1 million in additional Surface Transportation Block Grant Program funds for the Interstate 5 Widening Project from Oso Parkway to Alicia Parkway (Segment 2) for additional construction support.
D. Authorize the use of up to $1.8 million in Measure M2 funds for a regional traffic signal synchronization project in place of SB 1 (Chapter 5, Statues of 2017) Solutions for Congested Corridor Program funding.
E. 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.