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TVTC 2009 Strategic Expenditure Plan Update <br /> Updated Project Descriptions August 4, 2009 <br /> B -3. I -580 /First Street Interchange Modification <br /> TVTC Lead Sponsor: <br /> City of Livermore <br /> Lead Agency: <br /> Caltrans <br /> Project Description: <br /> This project will modify the I -580 /First Street <br /> interchange, including widening the overcrossing to <br /> provide six lanes, and reconstructing the ramps to <br /> achieve a partial cloverleaf interchange design. The <br /> project would also construct segments of auxiliary lanes <br /> in the vicinity of the interchange. <br /> Status: <br /> A Project Study Report has been completed. <br /> Phasing and Schedule: <br /> The project schedule and phasing is not available at this <br /> time. <br /> Cost Estimates and Funding Sources: <br /> Cost (Millions, 2099) $32.50 <br /> Funding (Millions, 2009) <br /> Livermore TIF $28.30 <br /> Total Bundaig Millipns, 2009) $28.30 <br /> Funding Shortfall (Millions, 2009) $4.20 <br /> Local funding will be provided through the City of Livermore Traffic Impact Fee program. <br /> Funding shortfall represents the proportion of project cost related to forecasted regional traffic <br /> using the interchange. <br /> Kimley -Horn and Associates, Inc. Page 21 <br />