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 to March 25, 2017. The term of this agreement will be retroactive from March 22, 2017 to March 21, 2020.
DISCUSSION:
The RSTP was established by the California state statute utilizing Surface Transportation Program funds that are identified in section 133 of Title 23 of the United States Code. As authorized by section 182.6 (g) of the Streets and Highways Code, TAMC has entered into an agreement with the State of California, to assign a portion of its annual RSTP apportionment to Caltrans in exchange for State funds. These funds are allocated to local agencies to implement projects.
TAMC, as authorized by Chapter 2, Title 21, Rule 6640 of the Transportation Development Act, apportions Local Transportation Funds for the TDA 2% program. These funds are apportioned to cities, Monterey-Salinas Transit, and the County for bicycle and pedestrian projects.
TAMC, as authorized by the Joint Powers Agreement for the Monterey County Regional Development Impact Fee (RDIF), is designated to administer and allocate the fees to projects.
OTHER AGENCY INVOLVEMENT:
The Office of the County Counsel, have reviewed the Master Agreement as to form.
FINANCING:
RSTP, TDA 2% and RSTP funds are reimbursable grants. The County pays up front for costs and then invoices TAMC for reimbursement on a quarterly basis. Project cost and funding are recognized in the Road Fund 002, Appropriation Unit RMA012. These funds do not require a local match. In the past, the County has received approximately $3 million every three years for CIP projects. For the 3-year term of this agreement, County expects to receive $5.7 million. Pending this agreement $3.7M will be received for FY18, and the remaining $2.0M will be received between FY19 and FY20.
BOARD OF SUPERVISORS STRATEGIC INITIATIVES:
This item supports the Board’s efforts to provide adequate infrastructure by insuring the County has access to its share of funding provided by RSTP, TDA 2%, and RDIF.
__ Economic Development
__ Administration
__ Health & Human Services
X Infrastructure
X Public Safety
Prepared by: Jonathan L. Pascua, PE, Senior Civil Engineer, (831) 755-8963
Reviewed by: Neville Pereira, PE, CBO, Interim RMA Deputy Director of PWPF
Approved by: Carl Holm, AICP, RMA Director
Attachments:
Attachment A - Resolution
Attachment B - Master Agreement w/ TAMC
(Attachments on file with the Clerk of the Board)