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Transportation Funding Needs Identified in RWCmoves <br />Project(s) Estimated Funding Need <br />Whipple Grade Separation (a <br />Signature Project) $150M-$500M <br />Tier 1 Projects $7M - $18M <br />Signature Projects $700M - $1B <br />Tier 1 + 15% of Signature Projects $112M - $168M <br />Total Cost of All Projects $760M - $1.2B <br /> <br />While it’s possible that outside funding would be available to offset lower-cost projects, <br />such funding is very uncertain in the current funding climate. If Proposition 6 (which <br />proposes eliminating funding from SB 1 - the Road Repair and Accountability Act or <br />“gas tax”) passes and Measure W (San Mateo County Transit District’s transportation <br />sales tax) fails – Redwood City would be left to finance an increasing share of all project <br />costs. <br /> <br />Council Direction Sought <br />In addition to approving the proposed MOU, staff is seeking input from the City Council <br />on: <br />· Public outreach strategies and process for the grade separation project <br />· Level of interest in trenching and tunneling options <br />· Preference for a higher-level review of all at-grade crossings, or more detailed <br />work at the northern-most crossings <br /> <br /> <br />ALTERNATIVES <br />The City Council could direct staff to modify the terms of the MOU, or not proceed with <br />the project. <br /> <br /> <br />FISCAL IMPACT <br />The budget to study the Whipple Avenue Grade Separation is $850,000 of which <br />$750,000 is being provided by the New Measure A Grade Separation Program from the <br />San Mateo County Transportation Authority. Redwood City has committed $100,000 <br />(11.77% of total costs) to the project, which was approved in the FY 2018-19 budget. <br />The funding will come from the Traffic Mitigation Fees Fund. <br /> <br /> <br />8.B. - Page 6