AgdaPkt 2009-01-12 clsd and reg - Laserfiche WebLink

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6.18 Page 1 REPO.RT January 12, 2009 SUBJECT Cost sharing agreement with the San Mateo County Transportation Authority for the distribution of Measure A Funds for local transportation purposes RECOMMENDAnON . Approve, by motion, the proposed agreement with the San Mateo County Transportation Authority for the distribution of Measure A funds and authorize the City Manager to execute the same. BACKGROUND In 1988, San Mateo County voters approved a tax ordinance, Measure A, which authorized a half percent sales tax to be used to improve transit and relieve traffic congestion. At that time, the San Mateo County Board of Supervisors created the San Mateo County Transportation Authority (TA) to administer the sales tax funds and implement the objectives and projects identified in the Agency's Transportation Expenditure Plan. The City uses Measure A funds it receives primarily for the Street Pavement Management Program. Measure A was to expire at the end of 2008, however, in 2004 San Mateo County voters extended Measure A until 2033. The extension of the funding provision was accompanied by a revised plan for specific expenditures. Please see Exhibit A ("San Mateo County Transportation Authority 2004 Transportation Expenditure Plan") to the proposed attached agreement. As a result of the extension of Measure A, and as in 1989, the T A requests all cities and the county to enter into an agreement that governs the terms and conditions for the allocation and expenditure of Measure A funds. The proposed agreement, similar to the agreement executed in 1989t allows for an annual update of the formula used to distribute funds. Factors include changes in population and number of road mites. In the pastt the city's entitlement has been only negligibly affected as a result of changes to the distribution formula. ALTERNATIVES Council may choose not to approve the proposed agreement or may direct staff to seek modification to specific terms or conditions. FISCAL IMPACT The extension of Measure A is expected to generate $1.5 billion over its 25 year term. Local agencies will receive 22.5%, or up to $337.5 million. City of Redwood City is currently entitled to receive 9.60/0, or $32.4 million of the local agency allocation. Measure A funds are annually programmed into the Capital Improvement Program, Transportation Funds budget. These funds are primarily used for the Street Pavement Management Program.