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HomeMy WebLinkAboutMINUTES - 08281990 - TC.1 'i w TO BOARD OF SUPERVISORS FROM: Transportation Committee Contra August 13, 1990 DATE: Costa Request to CCTA for Interest Earned on Measure C Count SUBJECT: Local Street Maintenance and Improvement Funds, and Adoption of Procedures for Fund Management. and Expenditures. SPECIFIC REQUESTS) OR RECOMMENDATIONS) & BACKGROUND AND JUSTIFICATION RECOMMENDATION: 1. Adopt a resolution (see Exhibit A) requesting the Contra Costa Transportation Authority include with the County' s allocation from the Local Street Maintenance and Improvement Program for Fiscal Years 88/89 and 89/90, any interest earned on this allocation .while on deposit with the Authority; 2 . Direct the County Auditor to establish a separate, interest- bearing Measure C Transportation Improvement Fund in accordance with Measure C, and deposit all Measure C Local Street Maintenance and Improvement Funds in the Fund, advancing $350, 000 for growth management compliance purposes and allocating $1, 111, 900 for transportation purposes pursuant to the Five-Year County Road Improvement Program; 3 . Direct the County Administrator to incorporate the funding of the County's Growth Management Program into the current County-wide fee study, and, if appropriate, to recommend adjusting development fees to include: a) the reimbursement of the Measure C Transportation Improvement Fund for its advance of funds for growth management compliance efforts, and b) ongoing growth management compliance costs; and -4 . Designate the Community Development Department as lead agency to administer the . Fund for accounting purposes, establishing procedures allowing the Public works Department to directly charge the fund up to the allocation limit for transportation. FINANCIAL IMPACT Approval of -this recommendation will provide anticipated Measure C sales tax revenues to fund the County's activities to comply with the Measure C Growth- Management Program and to fulfill transportation improvements identified in the County Road Improvement Program. RIS/SLG:chcklist.bo Orig. Dept. CDD-TP CONTINUED ON ATTACHMENT: _ 44S GGyN�vATURE: _4,7 RECOMMENDATION OF COUNTY ADMINIS T AKOMMENDATION OF BOARD COMMITTEE APPROVE OTHER /an SIGNATURE I s Ro r Tom Torlakson ACTION OF BOARD ON AUQ st 28 1990 q OVED AS RECOMMENDED X and OTHER X Also, REQUESTED County Administrator to continue to review the administration of the Fund in conjunction with the creation of the new Growth Management and Economic Development Agency. VOTE OF SUPERVISORS III IV I HEREBY CERTIFY THAT THIS IS A TRUE UNANIMOUS (ABSENT > .. AND CORRECT COPY OF AN ACTION TAKEN AYES'. NOES. AND ENTERED ON THE MINUTES OF THE BOARD ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN. County Administrator cc: County Auditor ATTESTED Community Development Public Works PHIL BA CHELOR. CLERK OF THE BOARD OF ,J SUPERVISORS AND COUNTY ADMINISTRATOR M382/7-83 BY iaa� DEPUTY Transportation Committee Page Two August 13 , 1990 Interest on Measure C Funds and Administrative Procedures BACKGROUND On August 7, 1990, the Board of Supervisors directed the Community Development Director to complete and certify the Interim Initial Compliance Checklist to the Contra Costa Transportation Authority (CCTA) as the Statement of Compliance with the Measure C Growth Management Program. After review of the Checklist, the CCTA has found the County making satisfactory progress with the Measure C Growth Management Program, and has agreed to release the County's allocation of $1, 511,900 from the Local Street Maintenance and Improvement Fund for Fiscal Years 1988/89 and 1989/90, less $50, 000 previously received by the County in Fiscal Year 1989/90 for growth management compliance purposes. The County's allocation of $1, 511, 900 identified by the Authority does not include interest earned on the County's allocation while on deposit with the Authority. The Community Development Department estimates that interest earned by this allocation amounts to over $60, 000. Withholding of interest is consistent with the terms and conditions which the Board approved on January 23 , 1990 in order to receive the County's initial allocation of $50, 000 for growth management compliance activities. Subsequent actions and proposals of the CCTA have defined local responsibilities to fund Measure C growth management activities. To maximize the sales tax revenues available to the County and cities to fund growth management compliance activities and local street maintenance and improvements needs, the Transportation Committee proposes that all revenues collected for the Local Street Maintenance and Improvement Program, including any interest earned on these funds, be returned to the local jurisdictions as part of their allocation. Section 14 of the Measure C ordinance requires each city and the County to establish a separate Transportation Improvement Account for deposit of Measure C revenues and collection on any interest earned from these revenues. Creation of the Measure C Transportation Improvement Fund will satisfy this requirement during the 20-year life of the program. Acceptance of the Measure C funds constitutes an agreement by the County that the funds will be expended consistent with the requirements of Measure C, subject to verification by an audit if such an audit is deemed appropriate by the Authority. Eligible expenditures include the County' s compliance efforts with the Measure C Growth Management Program, local road maintenance and improvement projects, and sub- regional and regional transportation projects, consistent with Article XIX, Section 1(a) of the State Constitution. The $350, 000 allocation for growth management compliance purposes is based on the draft program guidelines issued by the Authority. The budget for this allocation is attached as Exhibit B. $180, 000 is for contracts not presently included in the Community Development Department's budget. The budget contains several major tasks that are necessary to establish the growth management program, and will not be repeated annually, allowing smaller allocations for growth management compliance in future years. The growth management allocation also reduces the Department's demands on the Road Fund. The Community Development Department anticipates the need for $450, 000 from the Road Fund for Fiscal Year 1990/91 to fund the County's transportation planning activities. $127, 000 is attributed to growth management compliance efforts in Exhibit A, and can be met with Measure C funds (and perhaps eventually development fees) , freeing $127, 000 from the Road Fund for transportation projects. Actual costs for growth management compliance may change once the CCTA has adopted guidelines for their growth management program, and once cost-sharing agreements are made with the cities for funding the four Regional Transportation Planning Committees. Interest received from the CCTA on the County's allocation of Measure C revenues, and any interest earned on the County's Measure C Transportation Improvement Trust Funds, will be reserved as a contingency for this fiscal year. Any surplus will be carried over into the next fiscal year. Transportation Committee Page Three August 13, 1990 Interest on Measure C Funds and Administrative Procedures The County Administrator's Office will explore the possibility of funding compliance efforts with fees on new development. If this funding source is appropriate, the development fees will reimburse the Measure C Transportation Improvement Fund for the $350, 000 and other necessary amounts advanced for growth management compliance expenditures. The intention will be to use development fees as a permanent funding source for growth management compliance efforts, allowing all Measure C sales tax revenues to be used for street and road projects. The County Road Improvement Program for Fiscal Years 1990/91-1994/95 (adopted April 19, 1990) , identifies the projects to receive the $1, 111, 900 Measure C allocation for transportation purposes. These projects are based on the County Road Improvement Policy (Resolution 89/306) which established the following priorities for road projects receiving Measure C funds: 1) safety, 2) reconstruction, 3) rehabilitation, and 4) traffic congestion relief of problems which existed before November 1988. These priorities are consistent with expenditures allowed by Measure C. CONSEQUENCES OF NEGATIVE ACTION Without adoption of the resolution requesting interest earned on the County's Measure C allocation, the County will pass the opportunity to receive an estimated $60, 000 in Measure C revenue. Without establishing a separate, interest-bearing fund for the deposit of such revenues, the County will forfeit all or a portion of its Measure C revenues. Without advancing $350, 000 in Measure C revenue for growth management compliance, the Department will not be able to satisfy all eight components of the Measure C Growth Management Program, jeopardizing the allocation of future Measure C revenue to the County. Without allocating $1, 111,900 in Measure C revenue for transportation purposes, projects in the County Road Improvement Program will be dropped or deferred. I I I • EXHIBIT A THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Order on August 28 , 1990 , by the following vote: AYES: SuperviForF Powers , Torlakson, Fanden NOES: None ABSENT: Supervisors McPeak, Schroder ABSTAIN: None Resolution No. 90/571 SUBJECT: Request to CCTA for Interest Earned on) Measure C Local Street Maintenance and) Improvement Funds ) The Board of Supervisors of Contra Costa County RESOLVE: WHEREAS, Measure C establishes the Local Street Maintenance and Improvement Program at 18 percent of the total revenue generated by the Measure C half-cent sales tax; and WHEREAS, revenues for the Local Street Maintenance and Improvement Program are the only Measure C sales tax funds specifically allocated to the County and the cities for local programs; and WHEREAS, Section l.d. of the Terms and Conditions for the Measure C Growth Management Allocation, approved by the Board of Supervisors on January 23, 1990, requires any interest earned on revenues generated for the Local Street Maintenance and Improvement Program remain with the Contra Costa Transportation Authority (CCTA) ; and WHEREAS, the CCTA has apportioned over 86 percent of the $10 million in sales tax revenue generated for Regional Transportation Planning and Growth Management for the CCTA' s use; and WHEREAS, the draft Measure C Growth Management Program will require the County and the cities to allocate local funds to finance the multi-jurisdictional transportation planning process and other growth management requirements established by Measure C; and WHEREAS, these additional planning requirements reduce the Local Street Maintenance and Improvement Program Funds available for local street and road purposes. NOW THEREFORE, the Board of Supervisors of Contra Costa County does hereby request the Contra Costa Transportation Authority to: 1. Amend Section l.d. of the Terms and Conditions for Growth Management Allocations so that any interest earned on the revenues generated for the Local Street Maintenance and Improvement Program will be available for allocation to the County and the cities; and 2 . Include with the County's allocation from the Local Street Maintenance and Improvement Program for Fiscal Years 1988/89 and 1989/90, any interest earned on this allocation while on deposit with the Authority. I hereby certify that this Is a true and correct copy of measures.res an action taken and entered on the minutes of the Orig.Dept. :CDD/TP Board of Superyls re on the date shown. ATTESTED: 2 s /9 9a PHIL BATCHELOR,Clerk of the Board of Supervisors and County Administrator By _� - � ,Deputy RESOLUTION NO. 90/571 EXHIBIT B COMMUNITY DEVELOPMENT DEPARTMENT GROWTH MANAGEMENT BUDGET, FY 90/91 Material Staff Time TASK Contracts Costs (weeks) 1. Participate in Multi-jurisdictional Transportation Planning Process. Fund RTPC's at $20,000 each. 80,000 Participate on RTPC's at 2.5 person- . days/month/RTPC.* , 24 Participate on CCTA's growth mgm't and regional fee committees.* 17 2. Revise County Road Improvement Program. Analyze 1995 output from CCTA computer model run and test mitigations.* I a modeling ctes. - Participate on CCTA mo at 1 person-day/month/RTPC.* 10 - Upgrade computer modeling software.* 7,000 3- Prepare 5 year CIP for Urban Service Standards. - Consultant contract for performance standards evaluation and infra- structure constraints analysis. 100,000 6 Prepare CIP, development review procedures. 2 4. Revise Growth Management Element for submittal to OCTA. 2 5. Revise Growth Management Element pursuant to CCTA comments. 2 6. Amend/adopt revised Growth Mangement Element. - Determine/perform compliance pro- cedures for CECA (Assume Neg Dec). 1 Conduct public hearings. - Publishing, postage, graphics. 8,000 TOTAL 180,000 15,000 72 ---------------------------- .............. .................................... Tasks currently budgeted for Road Funds. d" And the Board adjourns to meet in regular session on Tuesday //, /y 90 at 9!47o a.m. 3- in the Board Chambers, Room 107 , County Administration Building, Martinez, California. 1 U- Nancy C. Fanden, Chairwoman ATTEST: Phil Batchelor, County Administrator and Clerk of the Board of Supervisors By Jeanne 0. Maglio, Deputy Clerk