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Page 3 of 4 <br />The updated project schedule is: <br />Phase Schedule <br />Environmental 2014 – 2016 <br />Design 2016 – 2019 <br />Right-of-way 2017 – 2020 <br />Construction 2020 – 2023 <br /> <br />ALTERNATIVES <br />City Council may choose to not adopt a resolution of support for the US 101 – <br />Woodside Road (State Route 84) Interchange Project and direct staff to identify <br />alternative funding sources. <br /> <br />FISCAL IMPACT <br />The cost for the environmental, design, and right-of-way phases of the US 101 – <br />Woodside Road (State Route 84) Interchange Project is $46,000,000. If awarded, <br />roughly 50% of these phases of work will be funded by Measure A - Highway Program. <br /> <br />The City’s Gas Tax Construction Fund will be used to cover the increased <br />environmental and design costs for the project ($590,000); previous contributions to <br />these phases were made from the Transportation Impact Mitigation Fees Fund. No <br />additional funds from the Transportation Impact Mitigation Fees Fund may be used until <br />such point as the Fund’s nexus study is updated to include full project costs. <br /> <br />An additional $8.9 million in right-of-way costs will be provided by the City’s contribution <br />of its property adjacent to the interchange. Additional means need to be identified to <br />acquire the necessary right-of-way to fully implement the project. <br /> <br />ENVIRONMENTAL REVIEW <br />As the lead agency, the City of Redwood City has determined that the actions <br />associated with applying for and accepting funding do not constitute a project pursuant <br />to the California Environmental Quality Act guidelines. Environmental review of the <br />project is ongoing. <br /> <br /> <br />JESSICA MANZI <br />SENIOR TRANSPORTATION COORDINATOR <br /> <br /> <br />7.3.A. - Page 3