Title
Adopt a resolution to:
a. Approve a 3-year Master Agreement between the Transportation Agency for Monterey County and the County of Monterey for Regional Surface Transportation Program (RSTP) Exchange Funds, Transportation Development Act 2% (TDA 2%) funds, and Regional Development Impact Fee (RDIF) funds for County projects, for a term retroactive from March 22, 2017 to March 21, 2020; and
b. Authorize the Resource Management Agency Director to execute documents to secure these funds from the Transportation Agency for Monterey County.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors adopt a resolution to:
a. Approve a 3-year Master Agreement between the Transportation Agency for Monterey County and the County of Monterey for Regional Surface Transportation Program (RSTP) Exchange Funds, Transportation Development Act 2% (TDA 2%) funds, and Regional Development Impact Fee (RDIF) funds for County projects, for a term retroactive from March 22, 2017 to March 21, 2020; and
b. Authorize the Resource Management Agency Director to execute documents to secure these funds from the Transportation Agency for Monterey County.
SUMMARY:
The attached Master Agreement (Agreement) between the Transportation Agency for Monterey County (TAMC) and the County of Monterey (County) details state requirements for Regional Surface Transportation Program (RSTP) funds, Transportation Development Act 2% (TDA 2%) funds, and Regional Development Impact Fee (RDIF) funds and other fiscal provisions required to comply with State and Federal regulations. Said Agreement is required for County to receive these funds that will be used to help fund Capital projects as established in the County Capital Improvement Plan (CIP). RSTP funds are reimbursable and are subject to audit by an independent certified public accountant and by the State of California.
The Master Agreement is updated every three (3) years. The previous Master Agreement was for March 26, 2014 t...
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