Title
Consider approving the 5-year priority list of projects utilizing Measure X, Senate Bill 1, and Transient Occupancy Tax funds.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors approve the 5-year priority list of projects utilizing Measure X, Senate Bill 1, and Transient Occupancy Tax funds.
SUMMARY:
With the recent passage of the Transportation Agency for Monterey County's (TAMC) sales tax measure (Measure X) in November 2016 and the Governor's approval of Senate Bill 1 (SB1) in April 2017, the Resource Management Agency (RMA) has prepared a list of priority projects for the next five (5) years. Funding for FY 17/18 is based on estimates with funding for Measure X that should start to be realized August 2017 and SB1 funding that should start around November 2017. Measure X funding is based on sales tax so it can vary depending on sales receipts. Monterey County sales receipts will be impacted by fires and floods in 2017.
To receive allocation from these funding sources, cities and counties must submit a list to TAMC and the California Transportation Committee (CTC) of proposed projects. Staff prepared a list for consideration that will utilize these funds along with Transient Occupancy Tax (TOT) funds (Attachment A). This list would work similar to the Capital Improvement Program (CIP) priorities list where the first year is programmed in the current year budget. RMA proposes being conservative in this first year to see how funding is realized, manage cash flow, and to also build some reserves for emergency (e.g. winter storms). While there are many projects, the RMA recommends establishing a base support for maintenance resources (staff, equipment, etc.). The remaining list is conceptual pending funding and changing priorities. As such, this list will be updated each year in conjunction with the CIP and the County's Pavement Management Plan.
On June 27, 2017, the Board approved the 5-year CIP as a consent agenda item and ...
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