RES 99028 - Laserfiche WebLink

The TVTC has decided to commit the $56.75 million in TVTDF revenue anticipated over the next 15 years to fund the following projects, which are deemed the highest priority for funding in the next 15 years. The commitmentS are: Project 1. 1-580a-680 local share: $5.55 million (Initial SEP) · Project 2a. Route 84 Expressway, 1-580 to 1-680:$24.0 million Project 3. 1-680 Auxiliary Lanes in Contra Costa County: $12.0 million Project 4. West DPX BART Station: $4.0 million Project 5. 1-580 HOV Lanes: $8.0 million Project 7. 1-580FFoothill/San Ramon Road Interchange: $1.6 million Project 8. 1-680/Alcosta Boulevard Interchange: $1.6 million Project 11. Express Bus: a portion of the $4.0 for Project 4 These project priorities and scheduling for TVTDF funding are Shown in TABLE 1. As project development moves forward, more detailed scheduling and funding information will be shown in the table. The other TVTC projects either will be funded by other funding sources or have a lower priority for TVTDF funding at this time and will be funded beyond the 15-year timeframe. The Contra Costa agencies designate their 20% portion of TVTDF revenue collected to the 1-680 Auxiliary Lane project. The four Alameda County agencies will direct their 20% funds to other projects. During the first 5 years of the TVTDF program, the total estimated 20% funding for the Alameda County jurisdictions is as follows: · Pleasanton: $1.9 million · Livermore: $2.1 million · Dublin: $2.6 million · Alameda County $0.1 million Other potential funding sources for the TVTC projects are described below. A. New Measure B - The Alameda County Transportation Authority (ACTA) is planning to bring a New Measure B program back to the voters in 2000. Several TVTC projects were proposed to receive funding on the June 1998 ballot measure that was rejected by the voters. The new ballot measure should include major funding for TVTC projects in Alameda County. B. Regional Gas Tax - Legislation was approved that permits the Metropolitan Transportation Commission (MTC) to bring to the voters a list of projects proposed to be funded by a regional gas tax. The types of projects eligible for this funding include transit, street rehabilitation, rail extensions, safety projects, interchange reconfigurations, ADA projects, seismic retrofitting, and alternatives to single occupancy automobile travel. Some of the TVTC projects would be eligible for this potential funding. F I