APPROVE and AUTHORIZE the Executive Director to enter into a Measure X Funding Agreement with the City of Marina, subject to approval by Agency Counsel, for an amount not to exceed $17,000,000, to fund the construction of the Marina - Salinas Multimodal Corridor: Imjin Road Widening project.

The City of Marina is the implementing agency for the Marina - Salinas Multimodal Corridor: Imjin Road Widening project.  This funding agreement between the City of Marina and TAMC allows a portion of the City's project costs to be funded and reimbursed through Measure X. 

This funding agreement will allow the Transportation Agency to reimburse the City of Marina for expenses paid on the construction phase of the project, not to exceed $17,000,000 in Measure X Funds; the remaining costs will be paid out of  state Local Partnership Program Competitive funds ($19,000,000); State Transportation Improvement Program funds ($1,100,000); and local developer fees ($2,000,000) for a total construction cost of $39,100,000.

The Marina-Salinas Multimodal Corridor: Imjin Road Widening project will improve overall mobility for Monterey County residents and visitors by making significant improvements on Imjin Parkway. The project on this major route for traveling between the Monterey Peninsula and the Salinas Valley will widen Imjin Parkway to 4 lanes for its entire length, with a new bicycle path and sidewalks, and roundabouts at key intersections. The result will ease congestion and improve safety for all users of the corridor.  

The project was successful in receiving a Senate Bill 1 Local Partnership Program grant for $19 million, that was matched with $17 million of Measure X regional funds and $2 million of local developer fees, and also has $1.1 million of State Transportation Improvement Program funds programmed to the project for a total construction cost of $39.1 million.  To receive the Measure X regional funds, which are administered by the Transportation Agency, the City of Marina is required to enter into a Measure X Regional Funding Agreement with the Transportation Agency (Attachment).

The funding agreement sets forth the agreed upon expected benefits, project scope, schedule, and cost, and also identifies the parties responsible for meeting reporting requirements and implementing the project. In this case, the Transportation Agency is the administrator of the Measure X funds, and the City of Marina will be the project sponsor responsible for implementation and reporting.

The City of Marina Council approved the Measure X Regional Funding Agreement at their November 19, 2019 meeting. The project is expected to start construction in Summer/Fall 2020.