Metro - File #: 2023-0558

• File #: 2023-0558
• Type: Program
• Status: Passed
• File created: 8/30/2023
• In control: Planning and Programming Committee
• On agenda: 10/18/2023
• Final action: 10/26/2023
• Title: CONSIDER: A. DETERMINING the Measure R projects San Fernando Valley North-South Rapidways (Canoga Corridor) and I-5 Capacity Enhancement from SR-134 to SR-170 are complete with surplus Measure R funds remaining in the amount of $231,417,000; (REQUIRES TWO-THIRDS VOTE OF THE FULL BOARD) B. PROGRAMMING $231,417,000 of surplus Measure R funds and $201,312,900 of related Proposition C replacement credits to the San Fernando Valley East Light Rail Transit project; and C. PROGRAMMING $128,549,218 of non-federal funds in the Long Range Transportation Plan in the third decade of Measure R for uses within the Arroyo Verdugo subregion.
• Sponsors: Program Management (Department), Maria Luk
• Indexes: Arroyo Verdugo Communities Joint Powers Authority, Arroyo Verdugo subregion, Budgeting, Capital Project, Capital Project Funds, Debt, East San Fernando Valley Light Rail Project, Federal Transit Administration, Funding plan, Grant Aid, I-5, Light rail transit, Long range planning, Long Range Transportation Plan, Measure M, Measure R, Metro Vision 2028 Plan, Program, Project, Proposition C, San Fernando, San Fernando Valley Service Sector, San Fernando Valley subregion, Southern California Highways, SR-134, SR-170, Strategic planning, Transfers, Travel time

Date	Action By	Action	Result
10/26/2023	Board of Directors - Regular Board Meeting

Meeting_Body
PLANNING AND PROGRAMMING COMMITTEE
OCTOBER 18, 2023

Subject
SUBJECT: PROGRAMMING LOCAL FUNDS FOR EAST SAN FERNANDO VALLEY LIGHT RAIL TRANSIT PROJECT

Action
ACTION: APPROVE RECOMMENDATIONS

Heading
RECOMMENDATION

Title
CONSIDER:

A. DETERMINING the Measure R projects San Fernando Valley North-South Rapidways (Canoga Corridor) and I-5 Capacity Enhancement from SR-134 to SR-170 are complete with surplus Measure R funds remaining in the amount of $231,417,000;

(REQUIRES TWO-THIRDS VOTE OF THE FULL BOARD)

B. PROGRAMMING $231,417,000 of surplus Measure R funds and $201,312,900 of related Proposition C replacement credits to the San Fernando Valley East Light Rail Transit project; and

C. PROGRAMMING $128,549,218 of non-federal funds in the Long Range Transportation Plan in the third decade of Measure R for uses within the Arroyo Verdugo subregion.

Issue
ISSUE

This Board action will determine that two Measure R projects are complete, which is required by the Measure R Ordinance to reprogram the funds for another capital project in the subregion. A portion of the Measure R surplus funds were swapped with Proposition C 25% funds in 2016, which were described as "replacement credits," and this current Board action would reprogram both the Measure R surplus and the replacement credits to the East San Fernando Valley Light Rail Transit project. The Measure R projects that have a surplus (i.e., they have been completed without using all the Measure R funds allocated by the Ordinance) are funded from the Highway Capital Subfund and would need to be transferred to the Transit Capital Subfund for use on East San Fernando Valley Light Rail Transit.

The I-5 Capacity Enhancement from SR-134 to SR-170 project transverses through two current subregions as defined by Metro - San Fernando Valley and Arroyo Verdugo. The East San Fernando Valley Light Rail Transit project is entirely in the current boundary of the San Fernando Valley subregion. The Arroyo V...