title
CC - Approval of an Exchange Agreement and Assignment of Federal Surface Transportation Program-Local (STPL) Funds with Los Angeles County Metropolitan Transportation Authority
body
Meeting Date: July 13, 2020
Contact Person/Dept: Hong Wang/Public Works Department
Phone Number: 310-253-5604
Fiscal Impact: Yes [X] No [] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [] Attachments: [X]
Commission Action Required: Yes [] No [X] Date:
Public Notification: (E-Mail) Meetings and Agendas - City Council (07/08/2020);
Department Approval: Charles D. Herbertson, Director of Public Works/City Engineer (07/02/2020)
_____________________________________________________________________
RECOMMENDATION
Staff recommends the City Council approve the Exchange Agreement and Assignment of Federal Surface Transportation (STPL) Funds with Los Angeles County Metropolitan Transportation Authority ("Exchange Agreement").
BACKGROUND/DISCUSSION
The Federal Highway Reauthorization Bill for the Federal-Aid Highway Program provides long-term funding certainty for surface transportation infrastructure planning and investment. A portion of the highway bill provides local agencies allotments of federal transportation funds. 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. Finally, the reimbursement and audit process is lengthy and can take over one year to complete. The purpose of these stringent requirements is to ensure that federal funds are not being inappropriately...
Click here for full text