Report Prepared by: Michael R. Beltran II, PE, City Engineer
Title
SUBJECT: Approval of a Measure V Regional Project Funding Agreement with Merced County Association of Governments to Receive Measure V Regional Funds for the Mission Avenue Widening Project Study Report Equivalent Document
REPORT IN BRIEF
Consider authorizing a Measure V Regional Funding Agreement with Merced County Association of Governments (MCAG) to receive Measure V Regional funds for the Mission Avenue Widening Project Study Report Equivalent (PSR-E) Document Project.
RECOMMENDATION
City Council - Adopt a motion:
A. Approving the Measure V Regional Funding Agreement for the Mission Avenue Widening PSR-E Document; and,
B. Authorizing the use of pooled cash for expenditures until City receives reimbursement funds; and,
C. Authorizing the Finance Officer to make the necessary budget adjustments; and,
D. Authorizing the City Manager or the Deputy 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 widening Mission Avenue from Henry Street to G Street.
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. The MCAG will administer the apportionment of sales tax funds to the County, six Cities and the agreed upon regional areas within Merced County. In order to allow the City of Merced to receive the Regional Funding apportionments of Measure V funding, the City Council must adopt the attached Measure V Regional Funding Agreement.
As part of the Measure V 1/2 Cent Transportation Sates Tax, 44% of the Transpor...
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