RES 99028 - Laserfiche WebLink

I. INTRODUCTION The "Tri-Valley Transportation Plan/Action Plan for Routes of Regional Significance," which was adopted by the Tri-Valley Transportation Council (TVTC) in 1995, determined the "High Priority Regional Transportation Projects." In the summer of 1998, the seven member agencies of the TVTC signed the Joint Exercise of Powers Agreement Pertaining to the Tri-Valley Transportation Development Fees for Traffic Mitigation (JEPA), which established the Tri-Valley Transportation Development Fee (TVTDF) and identified eleven projects from the "High Priority" list to be funded by the TVTDF. Subsequently, each member agency adopted an ordinance or resolution authorizing collection of the TVTDF in its jurisdiction, and fee collection began in September 1998. It is estimated that the TVTDF will collect approximately $70 million over the next fifteen years. It is recognized that the TVTDF revenue will fund only a portion of the cost to implement the eleven projects. Additional funding from state and federal funds, local traffic impact fees, new regional gas taxes, half-cent sales tax programs, developer contributions, and other local or regional funds will be needed to fully implement the eleven projects. The document describing project priorities and the implementation schedule is the Strategic Expenditure Plan (SEP). The initial SEP, which was identified in the JEPA, was to fund one project - the local share of the 1-580/I-680 Interchange Flyover project at $5.5 million. This subsequent SEP describes project priorities and the implementation schedule for funding the other projects on the TVTDF list over the next 15-year period. According to the JEPA, this SEP must be approved unanimously by all of the member agencies. This SEP is the policy document that guides expenditure of the TVTDF revenue. It represents a statement of priorities for transportation projects for the Tri-Valley area agreed to by the seven TVTC member agencies. The SEP should make the Tri-Valley agencies more competitive in securing additional funding for these projects because it identifies specific high priority projects for the Tri-Valley area, it indicates how TVTDF funding is to be used to help fund these projects, and it specifies individual project priorities. Key elements of this SEP are: 1) project costs, 2) TVTDF revenue estimates, 3) a list of other possible fimding sources for each project, 4) a prioritization plan, 5) a phasing plan/time line for project delivery, and 6) identification of agency sponsors to oversee project implementation. Two separate administrative documents will be used in conjunction with the SEP. They are: 1) the guidelines governing credit and/or reimbursement for entity-constructed projects and developer-constructed projects, which has been prepared and approved by the TVTC; and 2) the guidelines for implementation of the TVTDF, which is still being developed. These administrative documents, along with reasonable requirements for rT