HomeMy Public PortalAbout06 June 4, 2010 Riverside Orange Corridor AuthorityAGENDA
Riverside Orange Corridor Authority (ROCA) Meeting
Committee Members
Karen Spiegel, Chairman
Carolyn Cavecche, Vice Chairman
Steve Adams
Jerry Amante
Bill Campbell
Richard Dixon
Peter Herzog
John Tavaglione
Cindy Quon
Ray W. Wolfe
City of Corona - City Hall
City Council Chambers - First Floor
400 South Vicentia Avenue
Corona, California
Friday, June 4, 2010, at 10:00 a.m.
Any person with a disability who requires a modification or accommodation in order to
participate in this meeting should contact the OCTA Clerk of the Board, telephone
(714) 560-5676, no less than two (2) business days prior to this meeting to enable
OCTA to make reasonable arrangements to assure accessibility to this meeting.
Agenda descriptions are intended to give members of the public a general summary of
items of business to be transacted or discussed. The posting of the recommended
actions does not indicate what action will be taken. The Committee may take any
action which it deems to be appropriate on the agenda item and is not limited in any
way by the notice of the recommended action.
All documents relative to the items referenced in this agenda are available for public
inspection at www.octa.net or through the Clerk of the Board’s office at the OCTA
Headquarters, 600 South Main Street, Orange, California.
Call to Order
Pledge of Allegiance
Member Amante
1.Public Comments
Special Calendar
There are no Special Calendar matters.
Page 1 of 3
COMM-ROCA-00001
AGENDA
Riverside Orange Corridor Authority (ROCA) Meeting
Consent Calendar (Item 2)
All items on the Consent Calendar are to be approved in one motion unless a
Committee Member or a member of the public requests separate action or
discussion on a specific item.
2. Approval of Minutes
Of the January 22, 2010, Riverside Orange Corridor Authority Committee
meeting.
Regular Calendar
3. Irvine Corona Expressway High-Level Financial Feasibility Analysis
Tamara Warren, Project Manager of Corridor Studies, Orange County
Transportation Authority
Cathy Bechtel, Project Development Director, Riverside County Transportation
Commission
Overview
At the request of the Riverside Orange Corridor Authority Committee, staff from
the Orange County Transportation Authority and the Riverside County
Transportation Commission worked with financial advisors to determine the
financial feasibility of constructing and operating the Irvine Corona Expressway
tunnel project. Using the assumptions provided in the Irvine Corona Expressway
feasibility study, information was developed on the debt financing requirements
needed and potential toll revenue anticipated to fund and operate the tunnel
project. The results of the high-level financial feasibility analysis are provided for
the Riverside Orange Corridor Authority Committee’s review and consideration
for informed decisions on next steps.
Recommendations
A. Direct staff to defer the Irvine Corona Expressway tunnel project until
such time as the financial considerations improve and/or technological
advancements warrant re-examination.
B. Direct staff to suspend the ground water monitoring program.
C. Direct staff to assess the eligible uses for remaining funds available from
the federal grant and return to the Riverside Orange Corridor Authority
Committee at the next meeting with recommendations.
Page 2 of 3
AGENDA
Riverside Orange Corridor Authority (ROCA) Meeting
Discussion Items
4. ROCA Members' Reports
5. Closed Session
There is no Closed Session scheduled.
6. Adjournment
The next regularly scheduled meeting of the ROCA will be held at
10:00 a.m. on Friday, July 30, 2010, at the Orange County Transportation
Authority Headquarters, 600 South Main Street, First Floor – Board Room,
Orange, California.
Page 3 of 3