AgdaPkt 2018-02-12 Joint SA PFA - Laserfiche WebLink

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Chapter 1 x Executive Summary 1-24 Strategy #3 - In California, county sales taxes are commonly used to raise new funds for transportation and are increasingly standing in for federal funding. San Mateo County could impose a new sales tax for countywide infrastructure improvements subject to 50 percent plus one vote approval from County cities on the 2018 general election ballot. Strategy #4 - SamTrans may have access to contributions from private partners, including Facebook, which has the ability to build momentum with other companies with an interest in providing enhanced mobility and access for its employees. This effort could replicate the current example of Amazon buying transit assets (rail sets) for the City of Seattle and Sound Transit, in exchange for service improvements and advertising space (train cars). Strategy #5 - SamTrans could pursue federal grant funding under the Federal Transit Administration (FTA) Section 5307 Urbanized Area Formula funds, FTA Section 5339 Bus and Bus Facilities Program funds, Federal Highway Administration’s Congestion Mitigation and Air Quality funds through MTC for bus retrofit projects to install clean air emission devices on urban coaches, United States Department of Transportation’s Infrastructure for Rebuilding America competitive grant program. There is also the possibility of applying for FTA Section 5309 funds (Core Capacity, New Starts, Small Starts), depending on the project element and funding amount sought. Strategy #6 - Federal credit assistance can take one of two forms: loans, where project sponsors borrow federal highway funds directly from a state DOTs or the federal government; and credit enhancements, where a state DOT or the federal government makes federal funds available on a contingent (or standby) basis. These would include the federal Transportation Infrastructure Finance and Innovation Act of 1998, the Federal Railroad Administration’s Railroad Rehabilitation & Improvement Financing program, the federal Grant Anticipation Revenue Vehicles program, federal Transit Revenue Bonds, and the State of California Infrastructure and Economic Development Bank (IBank). Strategy #7 - Value capture includes many types of revenue generating mechanisms, including special assessment district financing, tax increment financing, and development impact fees. As opposed to real estate developments, regional transportation improvements like the DTCS recommendations are more difficult to associate value generated by it directly to individuals and businesses. However, value capture tools can still play a very important part in project funding. Strategy #8 - Two general forms of (P3) structures are common: availability payment- and concession-based P3s. In availability payment-based P3s, the public authority contracts with a private sector entity to provide a public good, service or product at a constant capacity for a given payment (capacity fee) and a separate charge for usage of the public good, product or service (usage fee). In concession-based P3s, the government grants the private sector the right to build, operate, and charge public users of the public good, infrastructure, or service, a fee or tariff, which is regulated by public regulators and the concession contract. Strategy #9 - User fees such as transit fares are a logical funding source for transportation projects and should play a larger role. The costs to run efficient electric rail systems are low 6.1.D. - Page 33