Report Prepared by: Stephanie Dietz, Assistant City Manager
Title
SUBJECT: Master Recipient Funding Agreement with Merced County Association of Governments to Receive Measure V Funds
REPORT IN BRIEF
Consider authorizing a Master Recipient Funding Agreement with Merced County Association of Governments to receive Measure V funds.
RECOMMENDATION
City Council - Adopt a motion approving the Master Recipient Funding Agreement with Merced County Association of Governments; and, 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
As provided for in the 2017-18 Adopted Budget.
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 Merced County Association of Governments (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 for the City of Merced to receive regular apportionments of Measure V funding, the City Council must adopt the attached Master Recipient Funding Agreement.
The Master Recipient Funding Agreement outlines how funds will be apportioned locally, what the local funds can be used for, and the responsibilities of MCAG and the City in programming funds for projects. One half of the total Measure V funding will be allocated to each jurisdiction through three methods: an annual base allocation and proportional shares of population and approved road miles. The remaining funds will be allocated to regional projects, with a minimum annual amount allocated to tran...
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