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•Fn. n.A..,�a, •fn <br />ACTION ITEM <br />To: Executive Board <br />From: Councilmember Claudia Balducci, Chair <br />Transportation Policy Board <br />Subject: Approve Projects for Additional FFY 2011 STP /CMAQ Funds <br />AT ISSUE <br />July 21, 2011 <br />Additional PSRC funds totaling $27.5 million have become available as the result of higher -than- <br />estimated FFY 2011 allocations of the region's two Federal Highway Administration finding sources <br />Congestion Mitigation and Air Quality Improvement Program (CMAQ) and Surface Transportation <br />Program (STP) funds. In addition, PSRC's allocation of FFY 2010 STP funds has been increased by $9.2 <br />million, bringing the total amount of new funds available for distribution to $36.8 million (rounded). <br />Per adopted policy, contingency lists of projects were created as part of the 2009 project selection <br />process for PSRC funds, should additional funds become available before the 2012 project selection <br />process. Additional funds did become available in 2010 and projects from these lists were funded at <br />that time. The lists have since been revised to add several new projects, in anticipation of additional <br />funds becoming available during 2011. The revised lists were released for a public review and <br />comment period, and were approved by the Board in June 2011. <br />In addition to new funds from higher than estimated allocations, the adopted Project Tracking <br />Policies for PSRC's Federal Funds also direct any funds returned from canceled or completed <br />projects to the approved contingency lists of projects. At this time, there is an additional $5.1 million <br />of returned STP /CMAQ funds from PSRC's project tracking program. The total amount of funds <br />available for distribution to the approved contingency lists is therefore $41.9 million. <br />The Transportation Policy Board met on July 14 and recommended approval of the distribution of <br />$40 million to regional contingency list projects and to contingency list projects in King, Pierce and <br />Snohomish counties, as shown in Attachment A. At that time, the contingency list of projects in. <br />Kitsap County was not yet available, as the Kitsap Regional Coordinating Council (KRCC) was in <br />the processing of reassessing their projects. A draft list of contingency projects in Kitsap County is <br />now available, pending final approval by the KRCC Board on July 26, 2011 (included in Attachment <br />A). This list is consistent with the contingency list previously approved by the Boards and as <br />released for public comment. In the interests of expediting the distribution of PSRC funds to <br />projects, this list is being included in the Executive Board action under consideration at this time. <br />Executive Board Agenda Page 8 -1 July 28 2011 <br />