HomeMy Public PortalAbout08 August 27, 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
Orange County Transportation Authority Headquarters
600 South Main Street, First Floor - Room 154
Orange, California
Friday, August 27, 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
ROCA Chair Spiegel
Pledge of Allegiance
ROCA Chair Spiegel
1.Public Comments
Special Calendar
There are no Special Calendar matters.
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COMM-ROCA-00002
AGENDA
Riverside Orange Corridor Authority (ROCA) Meeting
Consent Calendar (Items 2 and 3)
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.
3. Approval of Minutes
Of the June 4, 2010, Riverside Orange Corridor Authority Committee meeting.
Regular Calendar
4. Irvine Corona Expressway High-Level Financial Feasibility Analysis
Tamara Warren, Project Manager, 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.
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AGENDA
Riverside Orange Corridor Authority (ROCA) Meeting
4. (Continued)
Recommendations
A. Direct staff to defer the Irvine Corona Expressway tunnel project until
such time as financial considerations improve and/or technological
advancements warrant re-examination.
B. Direct staff to revise the ground water monitoring program from its current
form and develop an agreement with the United States National Forest
Service to transfer the equipment and a one-time stipend of $200,000 to
assist in its ground water monitoring efforts at the five corehole sites.
C. Assign review and discussion of tunnel considerations to the
State Route 91 Advisory Committee as part of its annual State Route 91
Implementation Plan Update.
D. Direct staff to identify remaining funds available from the federal grant and
bring a recommendation to the State Route 91 Advisory Committee on
project allocation for the remainder of the grant balance.
Discussion Items
5. ROCA Members' Reports
6. Adjournment
The next regularly scheduled meeting of this Committee will be held at
10:00 a.m. on Friday, October 22, 2010, at the OCTA Headquarters.
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