Meeting_Body
AD HOC CONGESTION, HIGHWAY AND ROADS COMMITTEE
MAY 16, 2018
Subject
SUBJECT: NORTH COUNTY SUBREGIONAL REPROGRAMMING
OF SURPLUS FUNDS FROM THE I-5/SR14 HOV DIRECT CONNECTOR PROJECT
Action
ACTION: APPROVE RECOMMENDATION
Heading
RECOMMENDATION
Title
CONSIDER:
A. APPROVING programming up to $50.05 million in Measure R 20% Highway Funds for the following North County Subregion highway operational improvement projects:
1. SR-138 (SR-14) Avenue M Interchange in the amount of $12,446,200;
2. The Old Road - Magic Mountain Parkway to Turnberry Lane in the amount of $25,000,000;
3. SR-138 (SR-14) 10th Street West Widening/Interchange Project in the amount of $12,600,000; and
B. AUTHORIZING the CEO or his designee to negotiate and execute all necessary agreements for approved projects.
Issue
ISSUE
On July 19, 2017, the Metro Board of Directors certified the completion of the I-5/SR-14 HOV Direct Connector Project (#2017-0384). This action also authorized the release of $85.8 million of unspent Measure R 20% highway funds from the project to other eligible highway operational improvements in the North County Subregion. This report recommends the programming of $50.05 million of the available Measure R 20% funds to eligible projects. The balance of $35.75 million will be programmed at a later date.
Discussion
DISCUSSION
The Measure R Ordinance (Ordinance) states that for projects completed without expending all Measure R funds, the surplus shall be credited to the Highway Capital Subfund and spent within the subregion in which the project is located. The Ordinance allocated $90.8 million in Measure R 20% highway funding to the I-5/SR-14 HOV Capacity Enhancements project (Line 26 of the Measure R Expenditure Plan).
Caltrans substantially completed the I-5/SR-14 HOV Direct Connector Project on December 23, 2012. The Metro Board determined the project was completed on July 19, 2017. At the completion of the project, there was a $90.8 ...
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