TO: AC Transit Board of Directors
FROM: Salvador Llamas, General Manager/Chief Executive Officer
SUBJECT: A Resolution for AC Transit to Allocate Funds for Rapid Corridor Improvements: Macdonald Avenue and Cutting Boulevard Transit Improvement Project
ACTION ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
Title
Consider adoption of Resolution 26-031 authorizing the General Manager, or their designee, to submit an allocation request to the Metropolitan Transportation Commission (MTC) for Regional Measure 3 RM3 capital funds for MacDonald Avenue and Cutting Boulevard Transit Improvement Project.
Staff Contact:
Paul Kincaid, Interim Chief Financial Officer
Body
STRATEGIC IMPORTANCE:
Goal - Financial Stability and Resiliency
Initiative - Infrastructure Modernization
The adoption of this resolution would enable the allocation of Regional Measure 3 (RM3) funds to the Macdonald Avenue and Cutting Boulevard Transit Improvement Project. This will fully fund the project. The project is consistent with the District’s goals of convenient and reliable service, environmental improvement, and financial stability and resiliency.
BUDGETARY/FISCAL IMPACT:
The resolution and allocation request is for $3,000,000 for Construction for the Macdonald Avenue and Cutting Boulevard Transit Improvement Project. Securing these funds from MTC should complete the full funding plan for the project. This funding source does not require matching funds and can serve as the local match for other state and federal funding sources. This allocation request reduces potential future need of this project for District funds.
BACKGROUND/RATIONALE:
Voter-approved Regional Measure 3 (RM3) raised tolls on the region's seven state-owned toll bridges by $1 beginning January 1, 2019. RM3 will allocate $4.45 billion worth of highway and transit improvements in toll-bridge corridors and along their approach routes.
Tolls were increased by another $1 in January 2022 and anoth...
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