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Page 5 of 6 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />On October 20, 2024, the U.S. Department of Transportation awarded $105 million to the project <br />through the Infrastructure for Building America (INFRA) program. <br />Redwood City has worked closely with SMCTA to program $166 million in local sales tax revenue <br />(Measures A and W), with the City/County Association of Governments of San Mateo County (C/CAG) to <br />provide $8M in State Transportation Improvement Program (STIP) funds to the project, and with Caltrans <br />to solicit funds from federal, state, and regional sources. The City has also required transportation impact <br />fees and other development-related payments from area developments. <br />Altogether, the Project has now secured $369.8M of the $384 million project cost. This reduces the $186 <br />million funding gap from one year ago to just $14.2 million today. In November 2024, Redwood City and <br />Caltrans applied jointly for state funding for this remaining $14.2 million to fully fund the project. The <br />grant award decision is expected to be made public at the June 26-27, 2025, California Transportation <br />Commission meeting. <br />If full funding is secured by mid-2025, as expected, construction could begin in late 2026 or 2027 and be <br />completed in 2030. <br />ENVIRONMENTAL REVIEW <br />During the environmental review phase, the Project team held an environmental scoping meeting <br />(February 2014), two community meetings (March and July 2014), 20 stakeholder meetings, three City <br />Council study sessions, three meetings with the City Council’s 84/101 Project Ad Hoc City Council <br />Subcommittee, and a public hearing on the draft environmental document. The environmental phase was <br />completed in December 2016 with Caltrans’ certification of the Project’s Initial Study/Mitigated Negative <br />Declaration as fully meeting federal (NEPA) and state (CEQA) requirements. <br />PUBLIC NOTICE <br />Public notification was achieved by posting the agenda, with the agenda items being listed, at least 72 <br />hours prior to the meeting. <br />ALTERNATIVES <br />The City Council may provide feedback to staff during this study session regarding the SR84/U.S. 101 <br />Interchange Reimagined Project. <br />ATTACHMENTS <br />None. <br />9.A. - Page 5 of 6 <br />85