TO: AC Transit Board of Directors
FROM: Salvador Llamas, General Manager/Chief Executive Officer
SUBJECT: Regional Measure 3 Capital Allocation
ACTION ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
Title
Consider adoption of Resolution No. 25-024 authorizing the General Manager or their designee to file and execute allocation requests from the Metropolitan Transportation Commission (MTC) of Regional Measure 3 (RM3) funds for core capacity transit improvements: Training and Education Center Modernization and Hayward Facility Hydrogen Charging Infrastructure Projects.
Staff Contact:
Chris Andrichak, Chief Financial Officer
Body
STRATEGIC IMPORTANCE:
Goal - Financial Stability and Resiliency
Initiative - Zero Emission Programs
The adoption of this resolution would enable the allocation of RM-3 funds to the Training and Education Center (TEC) Modernization and Division 6 (D6) Hydrogen Station Development Projects. This allocation of funds will fully fund both projects. These projects are consistent with the District's goals of service reliability, workforce development, and transition to zero emission bus service.
BUDGETARY/FISCAL IMPACT:
The resolution and allocation requests are for $483,000 for Design and $3,617,000 for Construction of the D6 Hydrogen Station Development Project, and for $9,000,000 for Construction of the TEC Modernization Project. Securing these funds from MTC should complete the full funding plan for each project. This funding source does not require matching funds and can serve as the local match for other state and federal funding sources. These allocation requests reduce potential future need of these projects for District funds.
BACKGROUND/RATIONALE:
Voter-approved Regional Measure 3 (RM-3) raised tolls on the region's seven state-owned toll bridges by $1 beginning January 1, 2019. RM-3 will allocate $4.45 billion worth of highway and transit improvements in toll-bridge corridors and along their approach r...
Click here for full text