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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
Attachments: 1. ATTACHMENT A _ Analysis of Unified Cost Management Process and Policy, 2. ATTACHMENT B _ Local AC Form 3-I, 3. ATTACHMENT C _ Letter from Caltrans August 21 2015, 4. ATTACHMENT D _ Letter from Caltrans September 15 2015
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...

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