Title
Adopt a resolution to:
a. Approve a 3-year Master Agreement between the Transportation Agency for Monterey County (TAMC) and Monterey County for Regional Surface Transportation Program (RSTP) Exchange Funds, Transportation Development Act 2% (TDA 2%), and Regional Development Impact Fee (RDIF) funds for County projects, for a term retroactive from March 25, 2020, to March 25, 2023; and
b. Authorize the Resource Management Agency Director or Director's designee to execute documents to secure these funds from TAMC.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors adopt a resolution:
a. Approving a 3-year Master Agreement between the Transportation Agency for Monterey County (TAMC) and Monterey County for Regional Surface Transportation Program (RSTP) Exchange Funds, Transportation Development Act 2% (TDA 2%), and Regional Development Impact Fee (RDIF) funds for County projects, for a term retroactive from March 25, 2020, to March 25, 2023; and
b. Authorizing the Resource Management Agency Director or Director's designee to execute documents to secure these funds from TAMC.
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 5-year 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 22, 2017 to March 21, 2020. The term of this agreeme...
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