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Home My WebLink About4.07 AlaCo CMA Funds CTTY CLERK File # 1060-90 AGE N DA STATE M E NT CITY COUNCTL MEETING DATE: August'1, 2000 SUBJECT: Authorization to Pursue Exchange of Funds with Alameda County Congestion Management Agency for the I-580/Tassajara Road and 1-580/Fallon Road Interchange Projects Report Prepared by: Lee S. Thompson, Public Works Director ATTACHMENTS: 1) Resolution authorizing Staff to pursue an exchange of funds and authorizing the Director of Public Works to negotiate such exchange 2) Letter from Alameda County .CMA regarding Exchange of Funds RECOMMENDATION.:~~ Adopt Resolution authoriZing Staff tO pursue an exchange of funds and authorizing the Director of Public Works to negotiate such exchange FINANCIAL STATEMENT: If a Fund Exchange Agreement is attained between the City of Dublin mad the Alameda County Congestion Managennent Agency (CMA), the City Will receive $1 in State/Federal funds for every $0.90 of local funds exchanged. It is Staff's intention to pursue the exchange of up to $12.828 million of local funds for the construction of the I-580/Tassaj ara Road and I-580/Fallon Road Interchange Projects. If granted, the City could receive up to $14.253 million in State/Federal funds that could be earmarked for the two interchange projects, thereby reducing developers' contributions to the project by as much as $1.425 million. This wOuld help to fund the shortfall presently in the Eastern Dublin TIF ('due to reduced contributions by Contra Costa County). DESCRIPTION: The fund estimate recently adopted by the California Transportation Commission will provide approximately $28.3 million in new transportation funds for Alameda Connty. Alameda County CMA, the agency responsible for administering these funds, has recently adopted a funding exchange program wherein the CMA will exchange $1 of State/Federal funds for $0.90 of local funds. The purpose of this exchange program is to provide local funds for projects that either do not have the ability to make use of State or Federal funds or for projects that would face unacceptable delays if COPIES TO: Frank Furger, CMA g:miscproj\l-580-TassajarakAgSt Autho Exchange of Funds.doc State or Federal funds are used. In addition to the $28.3 million, the CMA has the ability to exchange other funds programmed in the Federal program. Staff has been working on the design of two interchange projects (I-580/Tassaj ara Road and I-580/Fallon Road) located in the Eastern Dublin area. These two projects require Federal and State approvals as the interchanges are on Interstate 580 and will be funded by developers as conditions of approval of their development. Staff has been coordinating the funding of the two interchange projects with the developers, who have expressed interest in exchanging local funds with State/Federal funds in order to reduce financial contributions by developers to the two projects. The total cost to construct the two interchange projects is estimated at $14.253 million. If a funding exchange agreement is attained, the City could receive up to $14.253 million in State/Federal funds, that could be applied to these two projects, thus reducing developers' participation to $12.828 million. The reduction in developers' contributions could be as much as $1.425 million. Staff recommends that the City Council adopt the Resolution authorizing Staff to pursue the exchange of local funds up to $12.828 million with Alameda County CMA for the 1-580/Tassajara Road and t-580/Fallon Road interchange projects and authorizing the Director of Public Works to negotiate such exchange. Page 2 RESOLUTION NO. -00 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN AUTHORIZATION OF STAFF TO PURSUE EXCHANGE OF FUNDS WITH ALAMEDA COUNTY CONGESTION MANAGEMENT AGENCY FOR THE 1-580/TASSAJARA ROAD AND 1-580/FALLON ROAD INTERCHANGE PROJECTS AND AUTHORIZATION OF THE DIRECTOR OF PUBLIC WORKS TO NEGOTIATE SUCH EXCHANGE WHEREAS, the Alameda County Congestion Management Agency (CMA) recently adopted a funding exchange program to provide local funds to projects that either do not have the ability to make use of State or Federal funds or projects that would face unacceptable delays if State or Federal funds are used; and WHEREAS, the City of Dublin has bedn working on the design of two interchange projects (I- 580/Tassajara Road and 1-580/Fallon Road) and the total construction cost is estimated at $14..253 million which will be funded by developers; and WHEREAS, the Alameda County CMA has approximately $28.3 million in 2000 State Transportation Improvement Program (STIP) funds available for exchange and CMA staff is recommending to include both the City of Dublin 1-580/Tassajara Road and [-580/Fallon Road Interchange projects as part of the CMA Exchange Program, and WHEREAS, the City of Dublin would reimburse the CMA $0.90 in local funds for every $1.00 in 2000 State Transportation Improvement Program (STIP) funds programmed if a Fund Exchange Agreement is attained, and YVHEREAS, the City of Dublin could receive up to $14.253 million of State/Federal funds that could be earmarked for the two interchange projects, reducing developers' contributions by as much as $1.425 million. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin'does hereby authorize Staff to pursue the exchange of local funds up to $12.828 million with the Alameda CounIy Congestion Management Agency for the 1-580/Tassajara Road and 1-580/Fa]lon Road Interchange projects. BE IT FURTHER RESOLVED that the City Council of the City of Dublin does hereby authorize the Director of Public Works ro negotiate such exchange including a payment schedule for the intercaan~e projects. -1- PASSED, APPROVED AND ADOPTED this 1st day of August, 2000, AYES: NOES: ABSENT: ABSTAINING: ATTEST: Mayor City Clerk g:mi.scT~rqj[cdamo arb 1-580b'e.s'o fimd exchange 8-t-O0.doc -2- Jul-24-O0 ii:59A ALA CO C M A 510 836 2185 P.O AC ~ART C~ty ~f Berkeley Chalrper~-~)~ Xlnv~r City of Newzr~ City or O~kl~nd C~. of Piedmon~ .M:,, · .N l,,rk July 24. 2000 Ferd Del Rosario Senior Civil Engineer City of Dublin [00 Civic Plaza Dublin. CA 94568 Dear Ford: At their August 3, 2000 meeting, the CMA Board is scheduled to adopt a draft list of projects recommended for programming in the 2000 State Transportation Improvement Program (STIp). This action will include the adoption ora list of projects to be programmed in the STIP as part of the CMA's excl:mnge program. The CM!A staff recommendation will be to include both the City of Dublin l- 580/Tassajara Road and l~580/Fallon Road interchange projects as part of the CMA's exchange program. The CMA Board will also be requested m adopt the following "Principles fbr Exchange P. ojects 1. Sponsors will reirr.~burse the CMA S 90 in local funds for every $1.00 in 2000 STIP funds programmed. 2. It is the responsibility of the sponsor to obtain alt necessary state and/or federal approvals prior to initiating reimbursable work. STIP project sponsors must receive an allocation vote from the California Transportation Commission (CTC) prior to m~t~atmg, eunbursaate work. 3_ Sponsors w~ll initiate reimbursement to the CMA no ~ater than July ~, 2001. Failure to begin reimbursement by the agreed upon date will result in the CMA reprogramming the subject funds. 4. All funds will be reimbursed to the CMA within atwetve-month period - July 1. 2001 - July 1,2002, unless otherwise negotiated with the project sponsor. lfyou have any questions regarding the CMA's Exchange program, please give me a call. Sincerely~ Frank R. Furger~ PE Deputy Director .File 2000 STIP (?MA Exchange Progra~n 1332 Illl(')ADg"^'~. SIJITE 220. - OAKLAND, CA 94612 . PHONE: {51. l)) E-MAlL: AlaC,)CMA @a()[.uom '* WElt SITE: