| | | | | | | | REPORT TO SHASTA COUNTY BOARD OF SUPERVISORS
BOARD MEETING DATE: May 23, 2017
CATEGORY: Consent - Public Works-6.
SUBJECT:
Federal Highway Funds – Exchange for State Funds
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| | | | | | | | Supervisorial District No. : All
DEPARTMENT CONTACT: Pat Minturn, Public Works Director, (530) 225-5661
STAFF REPORT APPROVED BY: Pat Minturn, Public Works Director
Vote Required?
Simple Majority Vote | General Fund Impact?
No General Fund Impact |
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| | | | | | | | RECOMMENDATION
Approve and authorize the Chairman to sign an agreement with Caltrans authorizing the exchange of $672,168 in Federal Regional Surface Transportation Program Funds for an equal amount of State Highway Funds in Fiscal Year 2016-17. |
| | | | | | | | SUMMARY
The proposed agreement would exchange Federal Highway Funds for less restrictive State Highway Funds. |
| | | | | | | | DISCUSSION
Shasta County receives Federal Highway Funds from the Regional Surface Transportation Program (RSTP). Shasta County’s current annual entitlement is $672,168. These funds are subject to stringent terms. Caltrans is willing to exchange these funds for State Highway Funds which have fewer restrictions. Caltrans will use the RSTP funds on major projects which are already federalized. |
| | | | | | | | ALTERNATIVES
The Board may decline to exchange the Federal funds. Stringent requirements would limit and delay their use. |
| | | | | | | | OTHER AGENCY INVOLVEMENT
County Counsel has approved the agreement as to form. The County Administrative Office has reviewed this recommendation. |
| | | | | | | | FINANCING
The proposed $672,168 exchange was anticipated and budgeted in the Adopted 2016/17 Roads budget. There is no General Fund Impact. |
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