AgdaPkt 2017-10-23 Joint SA PFA - Laserfiche WebLink

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6.3.A. - Page 2 Interchange, Woodside Interchange, Produce Interchange, and Broadway Grade Separation. C/CAG staff also worked with partner transportation agencies such as Caltrans and the San Mateo County Transportation Authority (SMCTA) to identify regional projects that support the continued policy of directing the STIP funds towards major highway improvement project of regional significance in order to best leverage San Mateo County Transportation Authority Highway Program fund and other state and federal funds (such as S131). C/CAG Staff is recommending that the Proposed Draft 2018 STIP include $8,000,000 for right of way funding for the 101 Woodside Interchange Project. The prospective allocation will come from the RTIP component of the STIP. ANALYSIS The City, as sponsor of the 101 Woodside Interchange Project, is responsible for securing funding for and completing the technical work up to and including construction. Funding has been secured for the Plans, Specifications, and Estimate (PS&E) and Right of Way Support (R/W Support) phases of work. A total of $129 million is still needed for the Right of Way Capital ($35 million) and Construction ($94 million) phases of work. Attachment 2 outlines the proposed funding approach for the project. The 2018 STIP proposal was developed by C/CAG, based on an expected (County) formula allocation of $48M, in conjunction with partner agencies and sponsors of current critical projects. Project work in environmental, design/right-of way, and construction phase are eligible for STIP funding. Due to the requirement that project phases be fully funded, Right of Way Capital is the only eligible phase for the 101 Woodside Interchange project. Our request for $8 million in 2018 STIP funds would augment City funds for right of way acquisition for the Project. ALTERNATIVES Council may choose not to authorize the application for funding from MTC and direct staff to seek other funding sources. FISCAL IMPACT There is no direct fiscal impact of this action given it is related to an application for prospective funding. ENVIRONMENTAL REVIEW Adopting a resolution of support does not constitute a project according to the California Environmental Quality Act.