FISCAL IMPACT:
There is no financial impact to the General Fund. The ARRA of 2009 requires that the road rehabilitation project (Vasco Road Overlay) be awarded within 90 days or funding is subject to reallocation. Approximately $2.6 million is anticipated for the Vasco Overlay Project and there is a 10% local road funds match. The capital safety improvement project (Vasco Road Safety Improvements Project) includes similar funding constraints with award of the project contract in approximately 365 days. Approximately $10 million is anticipated for the Vasco Road Safety Improvements Project and project costs breakdown is 55% ARRA funds, 43% Local Road funds, 2% Federal funds.
BACKGROUND:
On February 17, 2009, the ARRA of 2009 was approved by the Federal Government. The purpose of ARRA is to stimulate the economy through investment in infrastructure and the associated job growth required to construct improvements. Coordination efforts with Caltrans, the Metropolitan Transportation Commission (MTC) and the Contra Costa Transportation Authority (CCTA) indicate that Contra Costa County is likely to receive approximately $2.6 million for the Vasco Road Overlay Project and approximately $10 million for the Vasco Road Safety Improvements Project through the American Recovery and Reinvestment Act of 2009. Approval of this Board Order and accompanying Resolution of Local Support will allow staff to move forward with processing the allocation of funds for the projects.
The funding constraints require “shovel ready” projects that can be delivered in a short time frame. Contra Costa County, similar to all cities and counties, provided MTC, the Metropolitan Planning Organization (MPO) for Contra Costa County, with funding applications for "shovel ready" projects. The Vasco Road Overlay and Vasco Road Safety Improvements Project were selected based upon several factors: the current pavement condition, the average daily traffic on Vasco Road, "shovel ready" design, and collisions experienced in the recent past.
CONSEQUENCE OF NEGATIVE ACTION:
Failure to approve the submittal of this application will eliminate a potential funding source.
CHILDREN'S IMPACT STATEMENT: