Laserfiche WebLink
Financial Plan <br /> <br /> Detailed Finance Plan <br /> <br /> TableS-8 promdes the detailed financing pla~ for the 2010 planned networld. Note that <br /> the cost estimates are preliminary and ultimately need to be refined by the responsible <br /> jurisdiction. The overall program cost is projected to be $1,482,310,000. Approximately <br /> 47 percent of the projected cost ($695,690,000) is publicly funded, primarily through <br /> Measure B and Measure C programs. Thirty-three percent ($491,720,000) of the <br /> projected cost would be funded by direct developer exactions from localities. These <br /> would be either local impact fees or required project mitigation improvements. The <br /> remaining 20 percent ($294,900,000) of the progrnm cost would be funded by the <br /> subregional transportation impact fee. <br /> <br /> Besides the subregional impact fee, the other aspect of the finance plan that needs to <br /> be finalized is the cost sharing arrangement between jurisdictions that have responsi- <br /> bility for a particular route of regional significance. One option is to adopt a policy that <br /> each jurisdiction is responsible for the routes within its boundaries. Another option is <br /> to determine where traffic goes from each jurisdiction and assess funding responsibili- <br /> ty based on proportional traffic shares. In any event, the cost sharing formulae need to <br /> be developed through negotiation between affected jurisdictions. <br /> <br />"' Barton-Aschrnan Associates, Inc. 160 <br /> <br /> <br />