Report Prepared by: Ken Elwin, PE, Director of Public Works
Title
SUBJECT: Measure V Regional Project Funding Agreement with the Merced County Association of Governments
REPORT IN BRIEF
Consider approving the Measure V Regional Project Funding Agreement template to be executed in the future for projects approved by the Measure V Eastside Regional Projects Committee and Merced County Association of Governments (MCAG) Governing Board.
RECOMMENDATION
City Council - Adopt a motion:
A. Approving the Measure V Regional Project Funding Agreement with Merced County Association of Governments; and,
B. Authorizing the increase of revenue and appropriating the same of all future Regional Project funding and authorizing the Finance Officer to make the appropriate budget adjustments; and,
C. Authorizing the City Manager or Assistant City Manager to execute the necessary documents.
Body
ALTERNATIVES
1. Approve as recommended by Staff; or
2. Deny; or,
3. Refer to Staff for further evaluation.
AUTHORITY
Charter of the City of Merced, Section 200.
CITY COUNCIL PRIORITIES
Addresses Council's priority of improving local roads, sidewalks, and traffic.
DISCUSSION
On November 8, 2016, the voters of Merced County approved "Measure V", a one-half cent sales transaction and use tax to supplement transportation roads and alternative transportation project funding. The Measure V transportation sales tax will be in place for 30 years, expiring on March 31, 2047.
Measure V allocates 44% of collected funds to "Regional Projects". The Regional Projects funds are split into the Eastside Share (27%) and Westside Share (17%). The dividing line is East and West of the San Joaquin River, with the City of Merced lying within the Eastside. The Regional Project funding is separate from the City's annual Local Projects share.
In order for a project to be eligible for Regional Project funding, projects must be located in or directly benefit more than one jurisdiction. Additi...
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