Metro - File #: 2024-0857

• File #: 2024-0857
• Type: Budget
• Status: Agenda Ready
• File created: 9/9/2024
• In control: Construction Committee
• On agenda: 10/23/2024
• Title: AUTHORIZE the Chief Executive Officer to: A. ESTABLISH the I-105 ExpressLanes Project 475004 Life-of-Project (LOP) Budget by increasing the existing Preconstruction Budget and by establishing funding for the Segment 1 (Identified Work Package 1) construction, from Sepulveda Blvd. to Central Avenue on the I-105 Freeway. This action increases the existing Preconstruction Budget of $119,391,538 by $638,148,678 to a Life-of-Project Budget of $757,540,216 (Attachment A); B. NEGOTIATE AND EXECUTE project-related agreements, including contract modifications, up to the authorized LOP; C. ESTABLISH an LOP budget of $44,254,826 for the I-105 Express Lanes project segments 1, 2, and 3 Roadside Toll Collection System (RTCS) Project 275004; and D. AMEND FY25 budget for Project 475004 by $47,234,197 from $126,112,511 to $173,346,708 and for Project 275004 by $3,824,193 from $2,129,990 to $5,954,183.
• Indexes: Bids, Board approved Contract, Budget, Budgeting, Construction, Contractors, Contracts, Debt, Design build, Environmental Impact Report, Express lanes, Federal Highway Administration, Grant Aid, I-105, I-110, I-405, Measure M, Outreach, Procurement, Project, Project delivery, Southern California Highways, Toll collection, Tolls, Transportation Infrastructure Finance and Innovation Act of 1998

Meeting_Body
CONSTRUCTION COMMITTEE
OCTOBER 23, 2024



Subject
SUBJECT: I-105 EXPRESSLANES CONSTRUCTION MANAGER/GENERAL CONTRACTOR SEGMENT 1 (IDENTIFIED WORKS PACKAGE 1) LIFE- OF-PROJECT BUDGET AND ROADSIDE TOLL COLLECTION SYSTEM LIFE-OF-PROJECT BUDGET

Action
ACTION: APPROVE RECOMMENDATION

Heading
RECOMMENDATION

Title
AUTHORIZE the Chief Executive Officer to:

A. ESTABLISH the I-105 ExpressLanes Project 475004 Life-of-Project (LOP) Budget by increasing the existing Preconstruction Budget and by establishing funding for the Segment 1 (Identified Work Package 1) construction, from Sepulveda Blvd. to Central Avenue on the I-105 Freeway. This action increases the existing Preconstruction Budget of $119,391,538 by $638,148,678 to a Life-of-Project Budget of $757,540,216 (Attachment A);

B. NEGOTIATE AND EXECUTE project-related agreements, including contract modifications, up to the authorized LOP;

C. ESTABLISH an LOP budget of $44,254,826 for the I-105 Express Lanes project segments 1, 2, and 3 Roadside Toll Collection System (RTCS) Project 275004; and

D. AMEND FY25 budget for Project 475004 by $47,234,197 from $126,112,511 to $173,346,708 and for Project 275004 by $3,824,193 from $2,129,990 to $5,954,183.

Issue
ISSUE

The I-105 Express Lanes project (Project) has been advanced using the Construction Manager/General Contractor (CM/GC) delivery method. Leveraging this delivery method, Metro staff worked with the general contractor and Caltrans, benefiting from contractor design input to advance a number of value engineering opportunities. The general contractor then provided a bid to construct the project, which in this case is IWP 1. Staff has concluded negotiations with the CM/GC contractor on IWP 1 and is now seeking Board approval to increase funding which will enable advancement of IWP 1. Awarding IWP 1 is necessary to comply with the Project's state grant funding requirements, secure toll-backed financing, and ensure that construction progresses ...