Agmt17 San Mateo County Transportation Authority (TA)

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FUNDING AGREEMENT SAN MATEO COUNTY TRANSPORTATION AUTHORITY MEASURE A FUNDS US 101 WOODSIDE ROAD (SR 84) INTERCHANGE This Funding Agreement (Agreement) is made this -s . day of 2017(Execution Date) by and between the San Mateo County Transportation Authority( ) and the City of Redwood City Sponsor (Sponsor), each of which is referred to herein individually as "Party" and jointly as "Parties." RECITALS WHEREAS, on June 7, 1988, the voters of San Mateo County approved a ballot measure to allow the collection and distribution by the San Mateo County Transportation Authority (TA) of a half -cent transactions and use tax in San Mateo County for 20 years with the tax revenues to be used for highway and transit improvements pursuant to the Transportation Expenditure Plan presented to the voters (Original Measure A); and WHEREAS, on November 2, 2004, the voters of San Mateo County approved the continuation of the collection and distribution by the TA of the Measure A half cent transaction and use tax for an additional 25 years to implement the 2004 Transportation Expenditure Plan, beginning January 1, 2009 (New Measure A); and WHEREAS, on May 24, 2012, the TA issued a call for projects for the Highway Program; and WHEREAS, in response to the call for projects, Sponsor requested that the TA provide $8,910,000 in Original Measure A funds for the US 101 Woodside Road (SR 84) Interchange (Project); and WHEREAS, on October 4, 2012, by Resolution 2012-17, the TA's Board of Directors (Board) programmed and allocated $3,420,000 for the environmental phase and programmed $5,490,000 from the in Measure A funding from the Highway Program for the Plans, Specifications and Estimates (PS&E) phase of the Project, with the allocation of funds for the PS&E phase conditioned on California State Department of Transportation's (Caltrans) approval of the environmental document for the Project; and WHEREAS, the Parties entered into an agreement on October 10, 2013 for the environmental phase pursuant to which the Sponsor completed the environmental phase of the Project; and WHEREAS, on May 8, 2015, the TA issued a call for projects for the Highway Program; WHEREAS, in response to the call for projects, Sponsor requested that the TA provide an additional $14,060,000 in New Measure A funds, which included $3,510,000 for the additional design costs due to scope increases and $10,550,000 for partial Right -of -Way (ROW) phase needs of the Project; and REV: 06-23-1715 Page 1 of 24