Title
Staff Report for Authorizing the City Manager to Enter the City into a Master Programs Funding Agreement with the Alameda County Transportation Commission (Alameda CTC) for the Distribution and Receipt of Measure B Transportation Sales Tax Revenue and Vehicle Registration Fee Revenue
Staffreport
RECOMMENDATIONS
Staff recommends that the City Council approve and authorize the City Manager to enter the City into a 10-year Master Programs Funding Agreement (MPFA) with the Alameda County Transportation Commission (Alameda CTC) to replace the existing agreement between the Alameda County Transportation Improvement Authority (ACTIA) and the City that expires this year (2012). The new agreement will serve as the contract for distribution and receipt of current Measure B transportation sales tax revenues and new Vehicle Registration Fee (VRF) revenues.
BACKGROUND
In November 2000, Alameda County voters approved the extension of the ½ cent sales tax for twenty years for transportation projects throughout the county. Voters also approved new rules and regulations concerning these funds, including entering into agreements for managing these funds. Collection of the revenues commenced on April 1, 2002 and will continue until 2022. As a participating agency, the City entered into a master project funding agreement and specific project funding agreements prior to receiving the funds on a reimbursement basis.
The adoption of a new MPFA with the Alameda CTC for Measure B Programmatic Pass-through funds and upcoming VRF funds will integrate funding requirements of the two revenue sources and streamline monitoring and reporting. This effort aims to improve efficiencies for the City’s reporting requirements and for Alameda CTC’s oversight of the funds.
Alameda CTC staff developed a 10-year MPFA and Implementation Guidelines that address each fund source and specify definitions, eligibility, and fund uses. The Alameda CTC may update the Implementation Guidelines o...
Click here for full text