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HomeMy WebLinkAboutMINUTES - 12121989 - 1.4 TO: BOARD OF SUPERVISORS FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR DATE: December 12, 1989 SUBJECT: APPROVE THE AGREEMENT TO SELL A PORTION OF THE COUNTY'S FEDERAL AID URBAN FUNDS TO THE TOWN OF DANVILLE Specific Request(s) or Recommendation(s) & Background & Justification I . RECOMMENDATION Approve the Agreement with the Town of Danville to sell the County' s Pittsburg-Antioch Urbanized Area FAU (Federal Aid Urban) funds and Authorize the Chair to execute the Agreement. II. FINANCIAL IMPACT The sale of funds to the Town of Danville will not affect the County General Fund. The County will sell $500, 000 of FAU funds to the Town and receive $400, 000 in non-federal funds. The fund difference will be made up by 1) investing the funds to generate interest and 2) expediting the project construction date to reduce escalation costs. III. REASONS' FOR RECOMMENDATION/BACKGROUND Section 137 of the Federal Surface Transportation and Uniform Relocation Assistance Act of 1987 (Public Law 100-17) authorized a five year demonstration program, CRP (Combined Road Plan) , to test the feasibility of providing block grants to states for Continued on attachment: X yes Signature: Recommendation of County Administrator Recommendation of Board Committee Approve Other: Signature(s) : Action of Board on: Decemh _12_, 1989 Approved as Recommended Other Vote of Supervisors I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT COPY OF AN X Unanimous (Absent ) ACTION TAKEN AND ENTERED ON Ayes: Noes: THE MINUTES OF THE BOARD OF Absent: Abstain: SUPERVISORS ON DATE SHOWN. Attested MC 12 1989 Orig. Div. :Public Works (RE) PHIL BATCHELOR, cc: S. Lake, Town of Danville CLERK OF THE BOARD R. Gilchrist, Accounting OF SUPERVISORS AND Caltrans COUNTY ADMINISTRATOR JMW/RVF:sd BO: 12 .t12 By l5 n ju,,; DEPUTY CLERK Board of Supervisors December 12 , 1989 Page 2 III. REASONS FOR RECOMMENDATION/BACKGROUND (continued) transportation purposes. California was one of five states to participate in the program. Effective June 1, 1989 the Federal Highway Administration combined the funding for FAU, FAS (Federal Aid Secondary) and non-primary HBRR (Highway Bridge Replacement and Reconstruction) programs and required that all funds be allocated (Projects awarded) by April 1, 1991 or lose the funds to another jurisdiction or state. The County has decided to sell a portion of its share of the FAU funds to the Town of Danville and receive, at a 20% discount, non-federal funds. The County feels that it can recoup the discounted difference by collecting interest on the funds to be received immediately from Danville and by being able to construct the project in 1990. The project is currently held up waiting for the approval of section 4 (f) statement under the Federal Department of Transportation Act of 1966. The approval is not expected for another year. The allocation of Federal funds for this project becomes very uncertain. The Urban Systems Technical Advisory Committee (City-County Engineers) approved the sale of the funds to the Town and recommends that the Board approve the agreement. IV. CONSEQUENCES OF NEGATIVE ACTION Should the Board choose not to approve the transfer of funds there is a likelihood that the County' s Antioch-Pittsburg Urbanized Area FAU allocation could be lost to another jurisdiction or state.