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TRANSPORTATION AGENCY FOR MONTEREY COUNTY Memorandum | |
| | | | | | | | | To: | Board of Directors | | From: | Michael Zeller, Director of Programming & Project Delivery | | Meeting Date: | October 26, 2022 | | Subject: | Imjin Road Widening - Measure X Funding Agreement Amendment 1 |
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| | | | | | | | | RECOMMENDED ACTION: | | APPROVE Amendment #1 to the Measure X regional funding agreement between the Transportation Agency and the City of Marina for the Imjin Road Widening project, pending legal counsel approval, and AUTHORIZE the Executive Director to execute the amendment. |
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| | | | | | | | | SUMMARY: | | The City of Marina is the project sponsor of the Marina - Salinas Multimodal Corridor: Imjin Road Widening project. The recent engineer's estimate for the project is higher than the current secured funding included in the Measure X funding agreement. Agency staff is seeking to program SB1 Local Partnership Program Formula and Measure X funds to fully-fund the project. |
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| | | | | | | | | FINANCIAL IMPACT: | | The funding agreement, approved by the Board in February 2020, and the Integrated Funding Plan, approved by the Board in May 2022, program $18,100,000 in Measure X funds, State Local Partnership Program Competitive funds of $19,000,000, and local developer fees of $2,000,000 for a total amount of $39,100,000. This Amendment #1 would add $150,000 of regional Measure X funds and $1.25 million of State Local Partnership Program Formula funds to match the current cost estimate of $40.5 million. |
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| | | | | | | | | DISCUSSION: | The Marina-Salinas Multimodal Corridor: Imjin Road Widening is a regional Measure X project on Imjin Parkway from Imjin Road to Reservation Road. It serves as one of the major commute corridors between the Monterey Peninsula and Salinas, ranging at various points in the project limits from 24,000 vehicles to 39,000 vehicles traversing the roadway each weekday.
The project will widen the Imjin Parkway from Imjin Road to Reservation Road from two to four lanes, construct four roundabouts along the corridor and make transit and pedestrian improvements, along with on-street buffered bike lanes and stormwater treatment areas, retaining and sound walls. The improvements will benefit commuters who travel through the corridor, as well as those who live along the corridor at CSU Monterey Bay and the neighboring homes in Marina Heights, Sea Haven and Preston Park.
The project is 100% designed and the City of Marina, the lead agency on the project, is currently finalizing right-of-way certification, permits, and bid documents. The City anticipates construction will begin in Summer 2023. However, the recent cost estimate for the construction phase of the project has come in higher than the amount of funding included in the approved Measure X Funding Agreement between TAMC and the City.
To help the City maintain this schedule and be able to award a construction contract prior to the $19 million Local Partnership Program - Competitive funds deadline of April 2023, Agency staff is seeking to amend the funding agreement to add funds to match the current estimate and allow the City to bid the project (see Attachment 1). The new proposed funding table is shown below, and includes an increase of $150,000 of regional Measure X funds and adds $1.25 million in new funding in SB1 Local Partnership Program - Formula funds:
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