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6.3.A. - Page 2 <br /> • Redwood City Climate Best Express On Demand Shuttle ($222,927 requested, <br /> $204,253 recommended for STA funding) <br /> MTC requires that project sponsors adopt and submit resolutions supporting the <br /> projects; these resolutions are due to MTC by the end of June 2012. STA-funded <br /> projects require a single resolution; STP-funded projects require two resolutions. <br /> ALTERNATIVES <br /> City Council may choose to not adopt resolutions for the MTC LTP program, for one or <br /> both projects. <br /> FISCAL IMPACT <br /> The estimated cost of the Middlefield/Woodside Road Intersection Improvements <br /> Project is approximately $1,000,000, of which 34% is anticipated to be provided by LTP <br /> program funding. The remaining funding will be provided by various programs under the <br /> Gas Tax Construction Fund and the Traffic Impact Mitigation Fees Fund, which have <br /> balances of approximately $5,967,000 and $6,403,000 respectively, and/or other <br /> potential grant funding sources. No General Fund resources are anticipated to be used <br /> to fund this project. <br /> Annual operating costs for the Climate Best Express Shuttle are approximately <br /> $147,000 (projected average for three years), of which 50% is anticipated to be <br /> provided by LTP program funding, and 50% by other grant funding. Any unanticipated <br /> shortfalls will be funded by the Shuttle Bus Services Program of the Traffic Impact Fees <br /> Fund, which has a balance of $107,445 as of March 31, 2012. No General Fund <br /> resources are anticipated to be used to support Redwood City's community shuttles. <br /> ENVIRONMENTAL REVIEW <br /> The actions associated with applying for and accepting funding do not constitute a <br /> project pursuant to the California Environmental Quality Act guidelines. Additional <br /> environmental review will be completed for the projects as required by state and federal <br /> law. <br /> � �„ <br /> � �V` - �� �'�`_ � _ <br /> � <br /> JESSICA MANZI <br /> SENIOR TRANSPORTATION COORDINATOR <br /> �� <br /> BILL EKERN <br /> COMMUNITY DEVELOPMENT DIRECTOR <br />