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Subject
title
405 Express Lanes Expenditure Plan Requirement
overview
Overview
In late 2016, the Orange County Transportation Authority Board of Directors awarded a design-build contract for the Interstate 405 Improvement Project. In mid-2017, a full Notice to Proceed was issued commencing all design and construction activities. With the Interstate 405 Improvement Project substantially completed and the 405 Express Lanes component in operations mode, the Orange County Transportation Authority has responsibilities of fulfilling the obligations and requirements of the funding and management agreements and state statutes. One key component required is the development of a 405 Express Lanes Expenditure Plan.
recommendation
Recommendation(s)
Direct staff to develop principles to guide the establishment of a 405 Express Lanes Excess Toll Revenue Policy and Expenditure Plan and return to the Board of Directors for consideration and approval.