RES 99028 - Laserfiche WebLink

Priority 4. Fund $4.0 million for public transit projects, which include the West Dublin/Pleasant BART Station (Project 4) and/or the Express Bus project (Project 11 ). a.) The West Dublin/Pleasanton BART Station (Project 4) benefits both the 1-580 and 1-680 corridors. The BART station may be a candidate for the New Measure B program, although it received no allocation in the June 1998 expenditure plan. Other potential funding sources are the Regional Gas Tax, BART itself, or private funding. More should be known about funding for the station by year 2001, so this priority will be reexamined when the SEP is revisited. Any TVTDF funds allocated to the project should be on the same timetable as other funding for the project. b.) Use a portion of the $4.0 million for purchasing buses to be used for express service provided that all of the operating costs are fully funded from other sources. Priority 5. Start accumulating funds for the initial phase (as yet undetermined) of the Route 84 Expressway project (Project 2a). Priority 6. Start accumulating funds for the initial phase (as yet undetermined) of the 1- 680 Auxiliary Lane project in Contra Costa County (Project 3). Priority 7. Start accumulating funds for the 1-580 HOV project (Project 5). Priority 8. Fund the 1-580/Foothill/San Ramon Road interchange project (Project 7). Priority 9. The Vasco Road project and the Crow Canyon Road project are lower priority projects that are not recommended for TVTDF funding during the first 15 years of the program. IV. PROJECT FUNDING The TVTDF is projected to raise approximately $70 million over the next 15 years. Eighty percent of the TVTDF revenue ($56.75 million) will be allocated by the TVTC through the SEP, while 20% of the fee revenue ($13.25 million) may be designated by member agencies for one or more of the projects listed in the JEPA. Each agency may designate up to 20% of the funds it collects for the specific project.