Title
Approve and Authorize the Director of Public Works, Facilities and Parks (PWFP) to execute a three-year retroactive Master Funding Agreement between the Transportation Agency of Monterey County (TAMC) and the County of Monterey for Regional Surface Transportation Program (RSTP) Exchange Funds, Transportation Development Act 2%, and Regional Development Impact Fee (RDIF) funds for County projects, from April 22, 2023, to April 22, 2026.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors Approve and Authorize the Director of Public Works, Facilities and Parks (PWFP) to execute a three-year retroactive Master Funding Agreement between the Transportation Agency of Monterey County (TAMC) and the County of Monterey for Regional Surface Transportation Program (RSTP) Exchange Funds, Transportation Development Act 2%, and Regional Development Impact Fee (RDIF) funds for County projects, from April 22, 2023, to April 22, 2026.
SUMMARY:
The attached Master Agreement (Agreement) between the TAMC and the County of Monterey 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 dated April 22, 2020 and expired on April 22, 2023. Therefore, a new agreement is needed.
DISCUSSION:
Under the federal Surface Transportation Program (STP), federal gas tax dollars are apportioned to states for roads, transit, non-motorized and other transportation needs. In California, these funds are administered by Caltrans. In turn, Caltrans assigns a portion of the STP funds to regional transportation agencies such as TAMC.
As authorized by Section 182.6 (g) of the California 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 has approved the proposed funding agreement as to form.
FINANCING:
RSTP, TDA 2% and RDIF funds are reimbursable grants. The County pays up front for costs and then invoices TAMC for reimbursement on a quarterly basis. Project costs and funding are recognized in the Road Fund 002, Appropriation Unit PFP004. These funds do not require a local match. The County was allocated approximately $1 million for CIP projects in the current 2020-2023 cycle.
BOARD OF SUPERVISORS STRATEGIC INITIATIVES:
This item supports the Board’s efforts to provide adequate infrastructure by ensuring 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: Tom Bonigut, PE, Assistant Director of Public Works, Facilities and Parks
(831) 755-4831.
Approved by: Randell Ishii, MS, PE, TE, PTOE, Director of Public Works, Facilities and Parks
Attachments:
Attachment A - TAMC Funding Agreement