Metro - File #: 2015-1328

• File #: 2015-1328
• Type: Program
• Status: Passed
• File created: 8/21/2015
• In control: Planning and Programming Committee
• On agenda: 10/14/2015
• Final action: 10/22/2015
• Title: CONSTRUCTION COMMITTEE RECOMMENDED (3-0) authorizing the Chief Executive Officer to: A. APPROVE programming $50.111 million in supplemental funding for the I-5 Carmenita Road Interchange project, consistent with the attached Unified Cost Management Process and Policy for Measure R Projects analysis in Attachment A, and an increase in project funding from $369.770 million to $419.881 million; and B. ENTER into a Local Advance Construction (AC) agreement (Attachment B) with the California Department of Transportation (Caltrans) for the use of up to $97 million in local funds to finance the construction of the I-5 South Segment 2 project until such time that federal funds already programmed to the project become available.
• Indexes: Bids, Budgeting, Congestion Mitigation And Air Quality Improvement Program, Construction, Construction Support, I-5, I-5 S 605 To Oc- Alondra Blvd Overcrossing (Project), I-5 S 605 To Oc-Carmenita Rd (Project), Interchanges, Measure R, Measure R Cost Management Process and Policy, Policy analysis, Program, Project, Proposition C, Regional Transportation Improvement Program, State highways, State Transportation Improvement Program, Subsidies, Transportation Improvement Program

Date	Action By	Action	Result
10/22/2015	Board of Directors - Regular Board Meeting
10/15/2015	Construction Committee
10/14/2015	Planning and Programming Committee

Meeting_Body
PLANNING AND PROGRAMMING COMMITTEE
OCTOBER 14, 2015
CONSTRUCTION COMMITTEE
OCTOBER 15, 2015

Subject/Action
SUBJECT: I-5 SOUTH CORRIDOR IMPROVEMENTS

ACTION: APPROVE PROGRAMMING RECOMMENDATIONS

Heading
RECOMMENDATION

Title
CONSTRUCTION COMMITTEE RECOMMENDED (3-0) authorizing the Chief Executive Officer to:

A. APPROVE programming $50.111 million in supplemental funding for the I-5 Carmenita Road Interchange project, consistent with the attached Unified Cost Management Process and Policy for Measure R Projects analysis in Attachment A, and an increase in project funding from $369.770 million to $419.881 million; and

B. ENTER into a Local Advance Construction (AC) agreement (Attachment B) with the California Department of Transportation (Caltrans) for the use of up to $97 million in local funds to finance the construction of the I-5 South Segment 2 project until such time that federal funds already programmed to the project become available.

Issue
ISSUE

A. I-5 South/Carmenita Road Interchange Cost Increase
In a letter dated August 21, 2015, the California Department of Transportation (Caltrans) requested that the Los Angeles County Metropolitan Authority (LACMTA) program $50.111 million in supplemental funding for the I-5 South/Carmenita Road Interchange project. The request for supplemental funding is attributed to the following:

The Carmenita Road Interchange project was originally programmed for $379,730,000 per Funding Agreement Number MOU.P0006376A-02. However, due to the awarded bid being lower than the Engineering Estimate, construction capital funds were reduced by $9,960,000 at the time of award to reflect the bid amount. The current budget for the project is $ 369,770,000.

The project is in construction, and is 68 percent complete. The anticipated cost at completion for the project is $ 419,881,000 based on a Caltrans cost estimate dated in September 2015. Please see Attachments C and D, the letters...