Approval of an Exchange of Federal Surface Transportation Program Local Funds (STPL) for Flexible Los Angeles County Metropolitan Transportation Authority STP L Local Transportation Funds. City of Culver City California City Council Agenda Item Report Meeting Date: 11/10/08 AGENDA ITEM: Approval of an Exchange of Federal Surface Transportation Program Local Funds (STPL) for Flexible Los Angeles County Metropolitan Transportation Authority STP L Local Transportation Funds Contact Person/Dept.: Mate Gaspar/PW Phone Number: 310 253 5602 Item Number: C 5 Fiscal Impact: Yes X No General Fund: Yes No X Action Item: Public Hearing: Public Notification: Master E Mail Notification List on (November 5 2008) and via e mail to Los Angeles County Metropolitan Transportation Authority on (November 5 2008). Department Approval: Charles D. Herbertson 10/30/2008 Chief Financial Officer Approval: Jeff Muir (by M. Noller) (11/05/08) City Attorney Approval: Carol Schwab (by H. Baker) (11/05/08) City Manager Approval: Jerry B. Fulwood (11/05/08) Attachments: X for RECOMMENDATION: Staff recommends the City Council approve the exchange of Federal Surface Transportation Funds (STPL) flexible Los Angeles County Metropolitan Transportation Authority STP L Transportation Funds. BACKGROUND/DISCUSSION: The Federal Highway Reauthorization Bill became Federal law in 2005. A portion of the highway bill provides local agencies allotments of federal transportation funds for pavement rehabilitation projects. The Federal Highway Administration entrusts Caltrans to manage these federal funds. In order to obligate the funds for construction agencies are required to identify a project and submit an application to Caltrans. The preparation of the application is lengthy and can take many hours to complete the process. After the federal funds are obligated for construction Caltrans project administration and closeout requirements are rigorous and take considerable amount of staff and consultant time. Finall...
Click here for full text