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06 June 03, 2011 SR-91 Advisory
AGENDA State Route 91 Advisory Committee Meeting Page 1 of 4 Committee Members Karen Spiegel, RCTC, Committee Chair Bill Campbell, OCTA, Committee Vice Chair Jerry Amante, OCTA Bob Buster, RCTC Carolyn V. Cavecche, OCTA Lorri Galloway, OCTA Ed Graham, SANBAG, Ex-Officio Berwin Hanna, RCTC Bob Magee, RCTC John Tavaglione, RCTC Shawn Nelson, OCTA Ron Roberts, RCTC, Alternate Cindy Quon, Caltrans Dist. 12, Ex-Officio Ray W. Wolfe, Caltrans Dist. 8, Ex-Officio Orange County Transportation Authority Headquarters 600 South Main Street Board Room – First Floor Orange, California Friday, June 3, 2011, at 9:00 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 Graham 1. Public Comments Special Calendar There are no Special Calendar matters. AGENDA State Route 91 Advisory Committee Meeting Page 2 of 4 Consent Calendar (Items 2 through 4) 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 March 4, 2011, State Route 91 Advisory Committee meeting. 3. 91 Express Lanes Monthly Status Reports Kirk Avila, General Manager of the 91 Express Lanes, Orange County Transportation Authority Overview The 91 Express Lanes status reports for the months of February 2011 through April 2011 have been prepared for State Route 91 Advisory Committee review. The reports highlight operational and financial activities. Recommendation Receive and file the 91 Express Lanes Monthly Status Reports for the months of February 2011 through April 2011. 4. 91 Express Lanes Swap Termination Kirk Avila, General Manager of the 91 Express Lanes, Orange County Transportation Authority Overview On March 15, 2011, the Orange County Transportation Authority (OCTA) terminated the outstanding Woodlands Commercial Bank (Woodlands) swap for approximately $5 million. The swap was originally entered into with Lehman Brothers Holdings in November 2003. In 2007, the swap was assigned to a Lehman Brothers Holding subsidiary, Lehman Brothers Commercial Bank, which was subsequently, renamed Woodlands. The swap with Woodlands was not functioning as planned since Lehman Brothers Holdings filed for bankruptcy in September 2008. AGENDA State Route 91 Advisory Committee Meeting Page 3 of 4 4. (Continued) Since interest rates over the past couple of years have been lower than when the swap was originally implemented, termination values for the swap ranged from $8 million to $21 million, averaging about $13 million. When the swap was terminated on March 15, 2011, the termination value was approximately $9.8 million. Woodlands were motivated to eliminate the swap from their balance sheet since Lehman Brothers creditors are anxious to sell Woodlands, which is a relatively small bank in Utah. On March 14, 2011, the OCTA Board of Directors approved the termination of the swap. The agenda item on the termination is attached. Recommendation Receive and file the 91 Express Lanes Swap Termination item dated March 9, 2011, to the Finance and Administration Committee. Regular Calendar 5. Draft 2011 State Route 91 Implementation Plan Alison Army, Senior Transportation Analyst, Orange County Transportation Authority Overview Existing statutes require the Orange County Transportation Authority to annually update a long-range plan and proposed schedule for potential future Riverside Freeway (State Route 91) improvement projects. The Draft 2011 State Route 91 Implementation Plan is provided for review and approval. Recommendation Approve the Draft 2011 State Route 91 Implementation Plan. AGENDA State Route 91 Advisory Committee Meeting Page 4 of 4 Discussion Items 6. Riverside County Transportation Commission and Orange County Transportation Authority Cooperative Agreement Update Kirk Avila, General Manager of the 91 Express Lanes, Orange County Transportation Authority Michael Blomquist, Toll Program Manager, Riverside County Transportation Commission Staff will provide an update on the discussions regarding the Cooperative Agreement between the two agencies. 7. General Manager’s Report 8. Committee Members' Reports 9. Adjournment The next regularly scheduled meeting of this Committee will be held at 9:00 a.m. on Friday, August 5, 2011 , at the City of Corona – City Hall, Council Chambers – First Floor, 400 South Vicentia, Corona, California. MINUTES State Route 91 Advisory Committee Meeting March 4, 2011 Page 1 of 6 Committee Members Present Karen Spiegel, RCTC, Chair Bill Campbell, OCTA, Vice Chair Jerry Amante, OCTA Bob Buster, RCTC Carolyn V. Cavecche, OCTA Ed Graham, SANBAG, Ex-Officio Berwin Hanna, RCTC Bob Magee, RCTC Shawn Nelson, OCTA Ron Roberts, RCTC, Alternate Tom Tait, OCTA Cindy Quon, Caltrans Dist. 12, Ex-Officio Ray W. Wolfe, Caltrans Dist. 8, Ex-Officio Staff Present Will Kempton, OCTA, Chief Executive Officer Anne Mayer, RCTC, Executive Director Kennard R. Smart, Jr., OCTA, General Counsel Steve DeBaun, RCTC, Legal Counsel Laurena Weinert, OCTA, Assistant Clerk of the Board Mary K. Burton, OCTA, Deputy Clerk of the Board OCTA and RCTC staff and General Public Committee Members Absent John Tavaglione, RCTC Call to Order The March 4, 2011, regular meeting of the State Route 91 Advisory Committee was called to order by Committee Chair Campbell at 1:40 p .m. at the City of Corona – City Hall, Council Chambers – First Floor, 400 South Vicentia Avenue, Corona, California. Pledge of Allegiance Member Hanna led in the Pledge of Allegiance. 1. Public Comments No public comments were received. Special Calendar 2. Introduction of New Committee Members Committee Chair Campbell asked each Committee Member to introduce themselves. 3. Election of New State Route 91 Advisory Committee Chair Committee Chair Campbell opened nominations for the office of Committee Chair. A motion was made by Member Magee, seconded by Member Hanna, and declared passed by those present, to approve Karen Spiegel as the Committee Chair for the State Route 91 Advisory Committee. MINUTES State Route 91 Advisory Committee Meeting March 4, 2011 Page 2 of 6 4. Election of New State Route 91 Advisory Committee Vice Chair With Chair Spiegel’s approval, prior Committee Chair Campbell opened nominations for the office of Committee Vice Chair. A motion was made by Member Cavecche, seconded by Member Amante, and declared passed by those present, to approve Bill Campbell as the Committee Vice Chair for the State Route 91 Advisory Committee. Consent Calendar (Items 5 through 8) 5. Approval of Minutes A motion was made by Member Amante, seconded by Committee Vice Chair Campbell, and declared passed by those present, to approve minutes of the August 27, 2010, meeting. Members Nelson and Tait were not present to vote on this matter. 6. Proposed State Route 91 Advisory Committee Meeting Calendar for the Year 2011 A motion was made by Member Amante, seconded by Committee Vice Chair Campbell, and declared passed by those present, to adopt the State Route 91 Advisory Committee meeting calendar for the year 2011. Members Nelson and Tait were not present to vote on this matter. 7. 91 Express Lanes Monthly Status Reports A motion was made by Member Amante, seconded by Committee Vice Chair Campbell, and declared passed by those present, to receive and file the 91 Express Lanes Monthly Status Reports for the months of August 2010 through January 2011. Members Nelson and Tait were not present to vote on this matter. 8. Fiscal Year 2009-10 91 Express Lanes Annual Financial Statements A motion was made by Member Amante, seconded by Committee Vice Chair Campbell, and declared passed by those present, to receive and file the fiscal year 2009-10 91 Express Lanes Annual Financial Statement. Members Nelson and Tait were not present to vote on this matter. MINUTES State Route 91 Advisory Committee Meeting March 4, 2011 Page 3 of 6 Regular Calendar 9. 91 Express Lanes Debt Kirk Avila, General Manager of the 91 Express Lanes, provided an update on the 91 Express Lanes Series B debt and outstanding interest rate swaps restructuring. A motion was made by Member Cavecche, seconded by Member Buster, and declared passed by those present, to receive and file the 91 Express Lanes Debt item dated October 15, 2010, and the 91 Express Lanes Financing Documents item dated November 17, 2010. Members Nelson and Tait were not present to vote on this matter. 10. Project Allocation Recommendation for Federal Grant Funds Available for use in the State Route 91 Corridor Cathy Bechtel, Project Development Director, Riverside County Transportation Commission (RCTC), reported on the $15.8 million federal grant funds used to study the Irvine Corona Expressway tunnel project in order to improve mobility between Riverside and Orange counties. The recommendation is to program the approximate remaining $8.3 million federal grant funds to the State Route (SR) 91/71 connector project and the SR-241/91 Express Lanes connector project. Committee Chair Spiegel inquired if funds were set aside to continue ground water monitoring. Ms. Bechtel commented that $200,000 along with the water monitoring equipment was provided to the United States Forest Service to assist with the ground water monitoring efforts at the five core boring sites. Member Magee reported that he and Committee Chair Spiegel were in Washington D.C. this week and met with Congressmen Gary Miller (R-CA) and Ken Calvert (R-CA). Both Congressmen are supportive of continued work on the SR-91 corridor, as well as staff’s recommendations. MINUTES State Route 91 Advisory Committee Meeting March 4, 2011 Page 4 of 6 10. (Continued) A motion was made by Member Magee, seconded by Committee Vice Chair Campbell, and declared passed by those present, to: A. Approve programming $5.85 million in Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users federal funds on the Riverside Freeway (State Route 91)/Corona Expressway (State Route 71) Connector Project. B. Approve programming the remainder of the grant (approximately $2.45 million) in Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users federal funds on the Foothill Transportation Corridor (State Route 241)/91 Express Lanes Connector Project Studies. Member Tait was not present to vote on this matter. Discussion Items 11. Riverside Freeway (State Route 91) Capital Projects Update Pradeep Gunaratne, Program Manager, Orange County Transportation Authority (OCTA), presented an overview of the State Route 91 corridor capital projects: SR-91, Interstate 5 to SR-57 SR-91, Tustin Avenue to SR-55 SR-91, SR-57 to SR-55 SR-91, SR-55 to SR-241 SR-91/SR-241 Express Lane Connector SR-91, SR-241 to SR-71 Committee Chair Spiegel commented that these capital projects were very impressive. MINUTES State Route 91 Advisory Committee Meeting March 4, 2011 Page 5 of 6 12. State Route 91 Corridor Improvement Project Update Michael Blomquist, Toll Program Manager, RCTC, presented an update on Riverside County’s SR-91 corridor tolled express lanes and general purpose improvement projects. Member Buster provided comments and thanked RCTC staff for the comprehensive approach to a balanced transportation mobility between Orange and Riverside counties. Member Campbell echoed Member Busters’ comments and inquired about the cooperative agreement status. Mr. Blomquist commented that RCTC and OCTA staffs have been meeting monthly, and the cooperative agreement would be brought forth to this Committee. General Manager of the 91 Express Lanes, Mr. Avila, concurred with Mr. Blomquist’ comments and OCTA intends on going to their Finance and Administration (F&A) Committee and full Board for approval, as well as return to this Committee. Member Cavecche asked if the agreement would also include the financial analysis for the Orange County portion, and requested that it be brought forth to the OCTA F&A Committee. Mr. Avila commented that it incorporates the assumptions regarding revenues and expenditures and staff would forward to the F&A Committee. 13. General Manager's Report Kirk Avila, General Manager of the 91 Express Lanes, reported that: The month of February traffic volumes were down 11.7 percent, as well as revenues were down approximately 12 percent. Electronic traffic and toll management system upgrade project was completed in December 2010. 91 Express Lanes website at 91expresslanes.com is much more customer and user friendly. Member Campbell commented on the three months of revenue decline, and the reason why OCTA purchased the express lanes was to improve mobility between Orange and Riverside counties. MINUTES State Route 91 Advisory Committee Meeting March 4, 2011 Page 6 of 6 14. Committee Members’ Reports There were no Committee Members' reports. 15. Adjournment The meeting adjourned at 2:30 p.m. The next regularly scheduled meeting of this Committee will be held at 9:00 a.m. on Friday, June 3, 2011, at the Orange County Transportation Authority Headquarters, Board Room – First Floor, 600 South Main Street, Orange, California. ATTEST Laurena Weinert Assistant Clerk of the Board Karen Spiegel Committee Chair ORANGE COUNTY TRANSPORTATION AUTHORITY 91 Express Lanes Monthly Status Reports Staff Report Orange County Transportation Authority 550 South Main Street / P.O. Box 14184 / Orange / California 92863-1584 / (714) 560-OCTA (6282) June 3, 2011 To: State Route 91 Advisory Committee From: Kirk Avila, General Manager, 91 Express Lanes Subject: 91 Express Lanes Monthly Status Reports Overview The 91 Express Lanes status reports for the months of February 2011 through April 2011 have been prepared for State Route 91 Advisory Committee review. The reports highlight operational and financial activities. Recommendation Receive and file the 91 Express Lanes Monthly Status Reports for the months of February 2011 through April 2011. Background Monthly status reports are prepared to document 91 Express Lanes activity and are provided for State Route 91 Advisory Committee review. Discussion The February 2011 status report for the 91 Express Lanes is provided in Attachment A. In February 2011, traffic volume in the 91 Express Lanes decreased 11.7 percent over the same period in 2010 and gross potential toll revenue decreased by 12.2 percent as compared to the prior year. The March 2011 status report is provided in Attachment B. In March 2011, traffic volume decreased by 14 percent over the same period in 2010 with gross potential toll revenue decreasing by 14.3 percent. The April 2011 status report for the 91 Express Lanes is provided in Attachment C. As compared to the same period last year, in April 2011 traffic volume and gross potential toll revenue decreased by 15.9 percent and 19.8 percent, respectively. 91 Express Lanes Monthly Status Reports Page 2 Fiscal year 2010-11 year-to-date (YTD) traffic volume and toll revenue as of the end of April 2011 were down, decreasing by 4 percent with YTD potential toll revenue down 4.9 percent. Staff will continue to closely monitor traffic and revenue data and report back to the State Route 91 Advisory Committee regularly. Summary The 91 Express Lanes status report for the months of February 2011 through April 2011 are provided for review. The report highlights operational and financial activities. Attachments A. 91 Express Lanes Status Report – As of February 28, 2011 B. 91 Express Lanes Status Report – As of March 31, 2011 C. 91 Express Lanes Status Report – As of April 30, 2011 ORANGE COUNTY TRANSPORTATION AUTHORITY 91 Express Lanes Monthly Status Reports Attachment A ATTACHMENT A Orange County Transportation Authority SSttaattuuss RReeppoorrtt FFeebbrruuaarryy 22001111 As of February 28, 2011 2 . . . . . . . . . Operations Overview Traffic and Revenue Statistics Total traffic volume on the 91 Express Lanes for February 2011 was 877,170. This represents a daily average of 31,328. This is an 11.7% decrease in total traffic volume from the same period last year when traffic levels totaled 993,807. Potential toll revenue for the month was $2,667,421 which represents a decrease of 12.2% from the prior year’s total of $3,038,873. Carpool percentage for the month was 22.6% as compared to the previous year’s rate of 22%. Average revenue per trip is $3.04 or 3.1% above Stantec’s projections. Month-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the 91 Express Lanes and associated potential revenue for the month of February 2011. Current Month-to-Date (MTD) as of February 28, 2011 (FY 2010-11 data is for the corresponding month in that fiscal year) Trips Feb-2011 MTD Actual Stantec MTD Projected # Variance % Variance Feb-2010 MTD Actual Yr-to-Yr % Variance Full Toll Lanes 678,959 773,200 (94,241)(12.2%)775,333 (12.4%) 3+ Lanes 198,211 237,600 (39,389)(16.6%)218,474 (9.3%) Total Gross Trips 877,170 1,010,800 (133,630)(13.2%)993,807 (11.7%) Revenue Full Toll Lanes $2,592,765 $2,900,034 ($307,269)(10.6%)$2,958,381 (12.4%) 3+ Lanes $74,656 $78,705 ($4,049)(5.1%)$80,492 (7.3%) Total Gross Revenue $2,667,421 $2,978,739 ($311,318)(10.5%)$3,038,873 (12.2%) Average Revenue per Trip Average Full Toll Lanes $3.82 $3.75 $0.07 1.9%$3.82 0.0% Average 3+ Lanes $0.38 $0.33 $0.05 15.2%$0.37 2.7% Average Gross Revenue $3.04 $2.95 $0.09 3.1%$3.06 (0.7%) 3 . . . . . . . . . The 2011 fiscal year-to-date (YTD) traffic volume is 1% lower than the same period last year. The 2011 fiscal year-to-date revenue is 1.5% lower than for the same period last year. Year-to- date average revenue per-trip is $2.98 or 0.3% higher than projected by Stantec. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the 91 Express Lanes and associated potential revenue for the months of July 2010 through February 2011. Fiscal Year (FY) 2010-11 to Date as of February 28, 2011 (FY 2010-11 data is for the period July 1, 2010 through February 28, 2011; FY 2009-10 data is for the corresponding period in that fiscal year.) Trips FY 2010-11 YTD Actual Stantec YTD Projected # Variance % Variance FY 2009-10 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 6,169,831 6,951,557 (781,726)(11.2%)6,268,796 (1.6%) 3+ Lanes 1,936,323 2,106,057 (169,734)(8.1%)1,916,543 1.0% Total Gross Trips 8,106,154 9,057,614 (951,460)(10.5%)8,185,339 (1.0%) Revenue Full Toll Lanes $23,450,446 $26,222,847 ($2,772,401)(10.6%)$23,837,733 (1.6%) 3+ Lanes $666,351 $721,222 ($54,871)(7.6%)$636,423 4.7% Total Gross Revenue $24,116,797 $26,944,068 ($2,827,272)(10.5%)$24,474,156 (1.5%) Average Revenue per Trip Average Full Toll Lanes $3.80 $3.77 $0.03 0.8%$3.80 0.0% Average 3+ Lanes $0.34 $0.34 $0.00 0.0%$0.33 3.0% Average Gross Revenue $2.98 $2.97 $0.01 0.3%$2.99 (0.3%) 4 . . . . . . . . . Traffic and Revenue Summary The chart below reflects the total trips breakdown between Full Toll trips and HOV3+ trips for FY 2010-11 on a monthly basis. The chart below reflects the gross potential revenue breakdown between Full Toll trips and HOV3+ trips for FY 2010-11 on a monthly basis. 5 . . . . . . . . . None of the peak traffic hour in the eastbound direction reached or exceeded 90% or more of defined capacity during the month of February 2011. As demonstrated on the next chart, westbound peak hour traffic volumes top out at 70% of defined capacity. EASTBOUND PEAK-HOUR VOLUMES PM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 1400 - 1500 $4.10 209 1,539 45%$4.10 240 1,643 48%$4.20 224 1,741 51%$3.10 376 2,680 79% 1500 - 1600 $3.70 445 2,567 76%$4.45 471 2,473 73%$5.95 523 2,594 76%$10.25 543 2,851 84% 1600 - 1700 $7.80 487 2,616 77%$8.30 467 2,597 76%$9.95 500 2,739 81%$9.35 506 2,835 83% 1700 - 1800 $7.25 482 2,536 75%$8.50 422 2,418 71%$9.80 510 2,678 79%$8.00 487 2,637 78% 1800 - 1900 $3.60 475 2,461 72%$3.60 541 2,560 75%$4.90 484 2,498 73%$5.30 506 2,289 67% 1900 - 2000 $3.10 292 1,347 40%$3.10 330 1,491 44%$4.50 341 1,664 49%$4.95 385 1,545 45% PM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 1400 - 1500 $4.10 197 1,487 44%$4.10 224 1,576 46%$4.10 202 1,581 47%$4.20 257 1,905 56%$3.10 403 2,680 79% 1500 - 1600 $4.40 459 2,389 70%$3.70 485 2,694 79%$4.45 490 2,520 74%$5.95 446 2,567 76%$10.25 618 2,875 85% 1600 - 1700 $5.55 449 2,604 77%$7.80 463 2,585 76%$8.30 483 2,746 81%$9.95 498 2,749 81%$9.35 502 2,822 83% 1700 - 1800 $4.85 441 2,612 77%$7.25 519 2,558 75%$8.50 443 2,546 75%$9.80 479 2,626 77%$8.00 471 2,553 75% 1800 - 1900 $4.40 474 2,281 67%$3.60 507 2,505 74%$3.60 508 2,515 74%$4.90 524 2,594 76%$5.30 582 2,844 84% 1900 - 2000 $3.10 274 1,100 32%$3.10 302 1,394 41%$3.10 331 1,433 42%$4.50 311 1,541 45%$4.95 456 1,923 57% PM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 1400 - 1500 $4.10 261 1,545 45%$4.10 218 1,616 48%$4.10 213 1,602 47%$4.20 254 1,737 51%$3.10 370 2,507 74% 1500 - 1600 $4.40 597 2,733 80%$3.70 480 2,578 76%$4.45 426 2,361 69%$5.95 511 2,620 77%$10.25 593 2,734 80% 1600 - 1700 $5.55 499 2,741 81%$7.80 456 2,580 76%$8.30 433 2,385 70%$9.95 475 2,617 77%$9.35 512 2,791 82% 1700 - 1800 $4.85 473 2,714 80%$7.25 427 2,485 73%$8.50 420 2,334 69%$9.80 547 2,708 80%$8.00 514 2,595 76% 1800 - 1900 $4.40 540 2,211 65%$3.60 448 2,372 70%$3.60 454 2,093 62%$4.90 471 2,408 71%$5.30 517 2,215 65% 1900 - 2000 $3.10 353 1,249 37%$3.10 265 1,195 35%$3.10 240 1,139 34%$4.50 314 1,487 44%$4.95 400 1,522 45% PM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 1400 - 1500 $4.10 352 1,412 42%$4.10 209 1,533 45%$4.10 201 1,518 45%$4.20 238 1,838 54%$3.10 374 2,658 78% 1500 - 1600 $4.40 500 1,955 58%$3.70 460 2,462 72%$4.45 462 2,523 74%$5.95 516 2,684 79%$10.25 574 2,745 81% 1600 - 1700 $5.55 391 1,810 53%$7.80 467 2,637 78%$8.30 444 2,505 74%$9.95 495 2,672 79%$9.35 452 2,626 77% 1700 - 1800 $4.85 357 1,774 52%$7.25 463 2,802 82%$8.50 437 2,580 76%$9.80 435 2,574 76%$8.00 477 2,630 77% 1800 - 1900 $4.40 405 1,359 40%$3.60 546 2,926 86%$3.60 520 2,331 69%$4.90 504 2,377 70%$5.30 450 2,204 65% 1900 - 2000 $3.10 328 937 28%$3.10 336 1,707 50%$3.10 285 1,470 43%$4.50 333 1,500 44%$4.95 351 1,563 46% PM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 1400 - 1500 $4.10 227 1,459 43% 1500 - 1600 $4.40 446 2,374 70% 1600 - 1700 $5.55 431 2,496 73% 1700 - 1800 $4.85 450 2,490 73% 1800 - 1900 $4.40 458 2,066 61% 1900 - 2000 $3.10 278 1,136 33% Friday 03/04/11Thursday 03/03/11 Monday Tuesday Wednesday Thursday Monday 02/28/11 Tuesday 03/01/11 Wednesday 03/02/11 02/04/1101/31/11 02/01/11 02/02/11 02/03/11 Friday 02/11/1102/07/11 02/08/11 02/09/11 02/10/11 FridayMonday Tuesday Wednesday Thursday Monday Tuesday Wednesday Thursday 02/18/1102/14/11 02/15/11 02/16/11 02/17/11 Friday Monday Tuesday Wednesday Thursday 02/25/1102/21/11 02/22/11 02/23/11 02/24/11 Friday 6 . . . . . . . . . WESTBOUND PEAK-HOUR VOLUMES AM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 0400 - 0500 $2.40 230 544 16%$2.40 235 536 16%$2.40 229 525 15%$2.40 183 463 14% 0500 - 0600 $3.95 461 1,639 48%$3.95 496 1,673 49%$3.95 497 1,619 48%$3.80 458 1,473 43% 0600 - 0700 $4.10 589 2,193 65%$4.10 587 2,256 66%$4.10 580 2,244 66%$3.95 507 2,010 59% 0700 - 0800 $4.55 426 2,222 65%$4.55 402 2,127 63%$4.55 440 2,086 61%$4.40 360 1,728 51% 0800 - 0900 $4.10 210 1,681 49%$4.10 199 1,737 51%$4.10 194 1,631 48%$3.95 217 1,417 42% 0900 - 1000 $3.25 157 1,336 39%$3.25 170 1,269 37%$3.25 154 1,261 37%$3.25 138 1,040 31% AM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 0400 - 0500 $2.40 216 552 16%$2.40 236 555 16%$2.40 244 534 16%$2.40 245 547 16%$2.40 203 474 14% 0500 - 0600 $3.95 457 1,609 47%$3.95 524 1,654 49%$3.95 495 1,662 49%$3.95 493 1,637 48%$3.80 446 1,564 46% 0600 - 0700 $4.10 570 2,173 64%$4.10 547 2,174 64%$4.10 579 2,274 67%$4.10 548 2,197 65%$3.95 461 1,983 58% 0700 - 0800 $4.55 425 2,126 63%$4.55 443 2,207 65%$4.55 457 2,237 66%$4.55 479 2,308 68%$4.40 381 1,801 53% 0800 - 0900 $4.10 221 1,829 54%$4.10 213 1,945 57%$4.10 224 1,850 54%$4.10 230 1,960 58%$3.95 232 1,496 44% 0900 - 1000 $3.25 159 1,449 43%$3.25 159 1,411 42%$3.25 176 1,340 39%$3.25 185 1,549 46%$3.25 190 1,091 32% AM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 0400 - 0500 $2.40 231 566 17%$2.40 224 534 16%$2.40 223 525 15%$2.40 221 508 15%$2.40 179 423 12% 0500 - 0600 $3.95 496 1,647 48%$3.95 481 1,606 47%$3.95 469 1,617 48%$3.95 464 1,559 46%$3.80 396 1,433 42% 0600 - 0700 $4.10 508 2,108 62%$4.10 568 2,167 64%$4.10 543 2,166 64%$4.10 523 2,033 60%$3.95 419 1,740 51% 0700 - 0800 $4.55 425 2,122 62%$4.55 491 2,372 70%$4.55 401 2,178 64%$4.55 441 2,154 63%$4.40 313 1,429 42% 0800 - 0900 $4.10 268 1,802 53%$4.10 199 1,969 58%$4.10 177 1,654 49%$4.10 192 1,714 50%$3.95 200 1,232 36% 0900 - 1000 $3.25 229 1,198 35%$3.25 153 1,292 38%$3.25 156 1,612 47%$3.25 152 1,222 36%$3.25 160 997 29% AM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 0400 - 0500 $2.40 106 366 11%$2.40 228 539 16%$2.40 238 543 16%$2.40 225 528 16%$2.40 197 482 14% 0500 - 0600 $3.95 346 992 29%$3.95 460 1,662 49%$3.95 482 1,625 48%$3.95 525 1,690 50%$3.80 439 1,644 48% 0600 - 0700 $4.10 317 902 27%$4.10 516 2,219 65%$4.10 562 2,235 66%$4.10 517 2,288 67%$3.95 473 2,098 62% 0700 - 0800 $4.55 288 766 23%$4.55 455 2,252 66%$4.55 449 2,186 64%$4.55 431 2,161 64%$4.40 380 1,814 53% 0800 - 0900 $4.10 259 749 22%$4.10 224 1,802 53%$4.10 177 1,580 46%$4.10 202 1,643 48%$3.95 197 1,371 40% 0900 - 1000 $3.25 306 937 28%$3.25 170 1,331 39%$3.25 163 1,166 34%$3.25 198 1,411 42%$3.25 135 1,058 31% AM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 0400 - 0500 $2.40 213 562 17% 0500 - 0600 $3.95 472 1,665 49% 0600 - 0700 $4.10 504 2,244 66% 0700 - 0800 $4.55 455 2,246 66% 0800 - 0900 $4.10 205 1,586 47% 0900 - 1000 $3.25 156 1,184 35% 02/25/11Friday 03/03/11 Friday Friday 03/04/11 Friday 02/11/11Friday 02/18/11 Monday 02/28/11 Tuesday 03/01/11 Wednesday 03/02/11 Thursday Monday Tuesday Wednesday Thursday01/31/11 02/01/11 02/02/11 Monday Tuesday Wednesday Thursday02/07/11 02/08/11 02/09/11 02/10/11 02/04/1102/03/11 Monday Tuesday Wednesday Thursday02/14/11 02/15/11 02/16/11 02/17/11 02/24/11Monday Tuesday Wednesday Thursday 02/21/11 02/22/11 02/23/11 7 . . . . . . . . . Transponder Distribution Status Tags % of Total Tags % of Total Issued To New Accounts 577 31.2%594 28.8%817 30.3% Additional Tags to Existing Accounts 345 18.6%362 17.5%436 16.2% Replacement Transponders 930 50.2%1,110 53.7%1,440 53.5% Total Issued 1,852 2,066 2,693 Returned Account Closures 506 33.7%774 37.4%668 30.6% Accounts Downsizing 125 8.3%182 8.8%183 8.4% Defective Transponders 869 57.9%1,112 53.8%1,329 61.0% Total Returned 1,500 2,068 2,180 January-11 Average To-Date FY 2010-11TRANSPONDER DISTRIBUTION February-11 At the end of February 2011, the 91 Express Lanes had 113,194 active customer accounts, with 169,361 transponders assigned to those accounts. TRANSPONDER INVENTORY STATUS Internal External Total Available for Distribution:4,926 133 5,059 Customer-Returned Tag Classification 1. Under Warranty - will Return to Sirit:0 2. Out of Warranty - will Destroy:4,432 3. Not yet Classified:1,006 10,497 169,361 TRANSPONDERS ON-HAND: Total Transponders On-hand: Transponders Currently Assigned to Accounts: February 2011 Number of Accounts by Fiscal Year As of February 28, 2011 8 . . . . . . . . . Operational Highlights On-road Operations Customer Assistance Specialists (CAS) responded to 43 calls during February. The CAS team received 34 calls to assist disabled vehicles, 2 calls to remove debris and conducted 1 assists or traffic breaks. There were 1 accident in the Express Lanes and 5 accidents in the general- purpose lanes the CAS provided assistance to. 9 . . . . . . . . . Financial Highlights Capital Asset Activity During the eight months ending February 28, 2011, capital asset activities included approximately $392,988 in leasehold improvement, $1,272,263 for the ETTM upgrade, $11,250 for computer hardware equipment and $329,656 for the purchase of transponders. ORANGE COUNTY TRANSPORTATION AUTHORITY 91 Express Lanes Monthly Status Reports Attachment B ATTACHMENT B Orange County Transportation Authority SSttaattuuss RReeppoorrtt MMaarrcchh 22001111 As of March 31, 2011 2 . . . . . . . . . Operations Overview Traffic and Revenue Statistics Total traffic volume on the 91 Express Lanes for March 2011 was 992,572. This represents a daily average of 32,018. This is a 14% decrease in total traffic volume from the same period last year when traffic levels totaled 1,154,299. Potential toll revenue for the month was $3,022,371 which represents a decrease of 14.3% from the prior year’s total of $3,528,128. Carpool percentage for the month was 22.5% as compared to the previous year’s rate of 21.6%. Average revenue per trip is $3.04 or 3.1% above Stantec’s projections. Month-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the 91 Express Lanes and associated potential revenue for the month of March 2011. Current Month-to-Date (MTD) as of March 31, 2011 (FY 2010-11 data is for the corresponding month in that fiscal year) Trips Mar-11 MTD Actual Stantec MTD Projected # Variance % Variance Mar-10 MTD Actual Yr-to-Yr % Variance Full Toll Lanes 769,113 856,042 (86,929)(10.2%)905,247 (15.0%) 3+ Lanes 223,459 263,058 (39,599)(15.1%)249,052 (10.3%) Total Gross Trips 992,572 1,119,100 (126,528)(11.3%)1,154,299 (14.0%) Revenue Full Toll Lanes $2,935,198 $3,210,752 ($275,554)(8.6%)$3,433,572 (14.5%) 3+ Lanes $87,173 $87,138 $36 0.0%$94,556 (7.8%) Total Gross Revenue $3,022,371 $3,297,890 ($275,518)(8.4%)$3,528,128 (14.3%) Average Revenue per Trip Average Full Toll Lanes $3.82 $3.75 $0.07 1.9%$3.79 0.8% Average 3+ Lanes $0.39 $0.33 $0.06 18.2%$0.38 2.6% Average Gross Revenue $3.04 $2.95 $0.09 3.1%$3.06 (0.7%) 3 . . . . . . . . . The 2011 fiscal year-to-date (YTD) traffic volume is 2.6% lower than the same period last year. The 2011 fiscal year-to-date revenue is 3.1% lower than for the same period last year. Year-to- date average revenue per-trip is $2.98 or 0.3% higher than projected by Stantec. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the 91 Express Lanes and associated potential revenue for the months of July 2010 through March 2011. Fiscal Year (FY) 2010-11 to Date as of March 31, 2011 (FY 2010-11 data is for the period July 1, 2010 through March 31, 2011; FY 2009-10 data is for the corresponding period in that fiscal year.) Trips FY 2010-11 YTD Actual Stantec YTD Projected # Variance % Variance FY 2009-10 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 6,938,944 7,807,599 (868,655)(11.1%)7,174,043 (3.3%) 3+ Lanes 2,159,782 2,369,115 (209,333)(8.8%)2,165,595 (0.3%) Total Gross Trips 9,098,726 10,176,714 (1,077,988)(10.6%)9,339,638 (2.6%) Revenue Full Toll Lanes $26,385,644 $29,433,599 ($3,047,955)(10.4%)$27,271,305 (3.2%) 3+ Lanes $753,524 $808,359 ($54,835)(6.8%)$730,979 3.1% Total Gross Revenue $27,139,168 $30,241,958 ($3,102,790)(10.3%)$28,002,285 (3.1%) Average Revenue per Trip Average Full Toll Lanes $3.80 $3.77 $0.03 0.8%$3.80 0.0% Average 3+ Lanes $0.35 $0.34 $0.01 2.9%$0.34 2.9% Average Gross Revenue $2.98 $2.97 $0.01 0.3%$3.00 (0.7%) 4 . . . . . . . . . Traffic and Revenue Summary The chart below reflects the total trips breakdown between Full Toll trips and HOV3+ trips for FY 2010-11 on a monthly basis. The chart below reflects the gross potential revenue breakdown between Full Toll trips and HOV3+ trips for FY 2010-11 on a monthly basis. 5 . . . . . . . . . None of the peak traffic hour in the eastbound direction reached or exceeded 90% or more of defined capacity during the month of March 2011. As demonstrated on the next chart, westbound peak hour traffic volumes top out at 69% of defined capacity. EASTBOUND PEAK-HOUR VOLUMES PM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 1400 - 1500 $4.10 217 1,528 45%$4.10 226 1,592 47%$4.20 225 1,758 52%$3.10 366 2,626 77% 1500 - 1600 $3.70 457 2,610 77%$4.45 442 2,456 72%$5.95 476 2,571 76%$10.25 584 2,800 82% 1600 - 1700 $7.80 457 2,633 77%$8.30 488 2,513 74%$9.95 442 2,602 77%$9.35 503 2,809 83% 1700 - 1800 $7.25 436 2,500 74%$8.50 479 2,541 75%$9.80 465 2,504 74%$8.00 462 2,584 76% 1800 - 1900 $3.60 497 2,309 68%$3.60 482 2,260 66%$4.90 489 2,269 67%$5.30 512 2,313 68% 1900 - 2000 $3.10 252 1,283 38%$3.10 297 1,297 38%$4.50 317 1,451 43%$4.95 441 1,587 47% PM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 1400 - 1500 $4.10 202 1,414 42%$4.10 216 1,513 45%$4.10 280 1,646 48%$4.20 260 1,966 58%$3.10 394 2,702 79% 1500 - 1600 $4.40 451 2,305 68%$3.70 450 2,432 72%$4.45 502 2,531 74%$5.95 528 2,750 81%$10.25 613 2,824 83% 1600 - 1700 $5.55 429 2,444 72%$7.80 482 2,607 77%$8.30 498 2,644 78%$9.95 482 2,690 79%$9.35 530 2,803 82% 1700 - 1800 $4.85 405 2,419 71%$7.25 450 2,511 74%$8.50 416 2,368 70%$9.80 435 2,374 70%$8.00 424 2,555 75% 1800 - 1900 $4.40 423 1,909 56%$3.60 509 2,474 73%$3.60 501 2,277 67%$4.90 520 2,472 73%$5.30 441 2,186 64% 1900 - 2000 $3.10 199 1,012 30%$3.10 278 1,309 39%$3.10 334 1,440 42%$4.50 354 1,634 48%$4.95 390 1,539 45% PM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 1400 - 1500 $4.10 215 1,412 42%$4.10 235 1,535 45%$4.10 238 1,676 49%$4.20 263 1,835 54%$3.10 380 2,600 76% 1500 - 1600 $4.40 485 2,291 67%$3.70 487 2,553 75%$4.45 506 2,718 80%$5.95 529 2,763 81%$10.25 584 2,736 80% 1600 - 1700 $5.55 455 2,513 74%$7.80 481 2,685 79%$8.30 466 2,733 80%$9.95 542 2,742 81%$9.35 541 2,830 83% 1700 - 1800 $4.85 444 2,510 74%$7.25 461 2,572 76%$8.50 487 2,772 82%$9.80 491 2,608 77%$8.00 485 2,687 79% 1800 - 1900 $4.40 414 1,913 56%$3.60 471 2,473 73%$3.60 495 2,543 75%$4.90 476 2,411 71%$5.30 457 2,309 68% 1900 - 2000 $3.10 258 1,107 33%$3.10 262 1,301 38%$3.10 295 1,410 41%$4.50 324 1,383 41%$4.95 348 1,495 44% PM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 1400 - 1500 $4.10 182 1,275 38%$4.10 243 1,574 46%$4.10 229 1,610 47%$4.20 223 1,691 50%$3.10 396 2,534 75% 1500 - 1600 $4.40 401 2,050 60%$3.70 496 2,518 74%$4.45 497 2,468 73%$5.95 488 2,608 77%$10.25 528 2,629 77% 1600 - 1700 $5.55 370 2,166 64%$7.80 472 2,561 75%$8.30 442 2,598 76%$9.95 484 2,624 77%$9.35 446 2,520 74% 1700 - 1800 $4.85 357 2,184 64%$7.25 452 2,558 75%$8.50 506 2,504 74%$9.80 461 2,532 74%$8.00 439 2,390 70% 1800 - 1900 $4.40 337 1,676 49%$3.60 465 2,307 68%$3.60 521 2,650 78%$4.90 414 2,238 66%$5.30 396 1,839 54% 1900 - 2000 $3.10 247 1,010 30%$3.10 264 1,300 38%$3.10 339 1,649 49%$4.50 301 1,308 38%$4.95 353 1,335 39% PM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 1400 - 1500 $4.10 219 1,366 40%$4.10 257 1,545 45%$4.10 272 1,761 52%$4.20 357 2,020 59% 1500 - 1600 $4.40 522 2,577 76%$3.70 518 2,661 78%$4.45 484 2,297 68%$5.95 576 2,750 81% 1600 - 1700 $5.55 448 2,418 71%$7.80 498 2,490 73%$8.30 474 2,380 70%$9.95 568 2,793 82% 1700 - 1800 $4.85 444 2,350 69%$7.25 469 2,395 70%$8.50 557 3,039 89%$9.80 480 2,494 73% 1800 - 1900 $4.40 441 1,834 54%$3.60 471 2,110 62%$3.60 525 2,374 70%$4.90 532 2,381 70% 1900 - 2000 $3.10 317 1,438 42%$3.10 292 1,247 37%$3.10 334 1,437 42%$4.50 367 1,551 46% Friday 04/01/11Thursday 03/31/11 Monday Tuesday Wednesday Thursday Monday 03/28/11 Tuesday 03/29/11 Wednesday 03/30/11 03/04/1102/28/11 03/01/11 03/02/11 03/03/11 Friday 03/11/1103/07/11 03/08/11 03/09/11 03/10/11 FridayMonday Tuesday Wednesday Thursday Monday Tuesday Wednesday Thursday 03/18/1103/14/11 03/15/11 03/16/11 03/17/11 Friday Monday Tuesday Wednesday Thursday 03/25/1103/21/11 03/22/11 03/23/11 03/24/11 Friday 6 . . . . . . . . . WESTBOUND PEAK-HOUR VOLUMES AM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 0400 - 0500 $2.40 249 541 16%$2.40 224 515 15%$2.40 225 521 15%$2.40 197 476 14% 0500 - 0600 $3.95 498 1,682 49%$3.95 464 1,606 47%$3.95 467 1,584 47%$3.80 446 1,530 45% 0600 - 0700 $4.10 547 2,271 67%$4.10 563 2,282 67%$4.10 539 2,354 69%$3.95 478 2,067 61% 0700 - 0800 $4.55 464 2,328 68%$4.55 463 2,230 66%$4.55 507 2,339 69%$4.40 444 1,867 55% 0800 - 0900 $4.10 199 1,740 51%$4.10 225 1,816 53%$4.10 189 1,789 53%$3.95 204 1,288 38% 0900 - 1000 $3.25 145 1,289 38%$3.25 141 1,328 39%$3.25 161 1,333 39%$3.25 135 1,065 31% AM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 0400 - 0500 $2.40 206 573 17%$2.40 237 545 16%$2.40 246 553 16%$2.40 236 517 15%$2.40 220 495 15% 0500 - 0600 $3.95 467 1,669 49%$3.95 510 1,655 49%$3.95 501 1,723 51%$3.95 474 1,617 48%$3.80 438 1,524 45% 0600 - 0700 $4.10 520 2,167 64%$4.10 552 2,267 67%$4.10 580 2,338 69%$4.10 494 2,006 59%$3.95 500 2,051 60% 0700 - 0800 $4.55 429 2,162 64%$4.55 450 2,265 67%$4.55 469 2,307 68%$4.55 515 2,309 68%$4.40 452 1,912 56% 0800 - 0900 $4.10 199 1,804 53%$4.10 205 1,612 47%$4.10 179 1,544 45%$4.10 262 1,949 57%$3.95 225 1,427 42% 0900 - 1000 $3.25 125 1,238 36%$3.25 132 1,193 35%$3.25 154 1,309 39%$3.25 182 1,412 42%$3.25 167 1,142 34% AM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 0400 - 0500 $2.40 230 593 17%$2.40 246 567 17%$2.40 233 560 16%$2.40 235 548 16%$2.40 197 468 14% 0500 - 0600 $3.95 497 1,740 51%$3.95 509 1,660 49%$3.95 488 1,690 50%$3.95 499 1,667 49%$3.80 438 1,579 46% 0600 - 0700 $4.10 545 2,062 61%$4.10 567 2,091 62%$4.10 577 2,156 63%$4.10 603 2,201 65%$3.95 503 1,929 57% 0700 - 0800 $4.55 401 1,770 52%$4.55 472 2,233 66%$4.55 461 2,225 65%$4.55 499 2,296 68%$4.40 377 1,609 47% 0800 - 0900 $4.10 220 1,438 42%$4.10 232 1,798 53%$4.10 235 1,720 51%$4.10 255 1,814 53%$3.95 238 1,299 38% 0900 - 1000 $3.25 181 1,708 50%$3.25 193 1,290 38%$3.25 189 1,268 37%$3.25 154 1,060 31%$3.25 150 1,029 30% AM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 0400 - 0500 $2.40 227 622 18%$2.40 228 539 16%$2.40 225 522 15%$2.40 231 514 15%$2.40 196 460 14% 0500 - 0600 $3.95 463 1,682 49%$3.95 502 1,609 47%$3.95 499 1,687 50%$3.95 507 1,703 50%$3.80 409 1,468 43% 0600 - 0700 $4.10 546 2,144 63%$4.10 567 2,175 64%$4.10 525 2,208 65%$4.10 511 2,125 63%$3.95 469 1,840 54% 0700 - 0800 $4.55 384 1,961 58%$4.55 455 2,267 67%$4.55 412 2,041 60%$4.55 400 1,955 58%$4.40 381 1,728 51% 0800 - 0900 $4.10 167 1,363 40%$4.10 241 1,735 51%$4.10 198 1,460 43%$4.10 172 1,458 43%$3.95 204 1,418 42% 0900 - 1000 $3.25 144 1,009 30%$3.25 191 1,327 39%$3.25 140 1,134 33%$3.25 148 1,174 35%$3.25 167 1,174 35% AM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 0400 - 0500 $2.40 211 572 17%$2.40 246 575 17%$2.40 227 518 15%$2.40 233 541 16% 0500 - 0600 $3.95 486 1,629 48%$3.95 494 1,634 48%$3.95 491 1,651 49%$3.95 481 1,573 46% 0600 - 0700 $4.10 499 1,843 54%$4.10 575 2,120 62%$4.10 147 473 14%$4.10 593 2,174 64% 0700 - 0800 $4.55 507 2,024 60%$4.55 499 2,134 63%$4.55 546 2,166 64%$4.55 513 2,123 62% 0800 - 0900 $4.10 247 1,659 49%$4.10 265 1,566 46%$4.10 317 1,980 58%$4.10 245 1,507 44% 0900 - 1000 $3.25 180 1,297 38%$3.25 215 1,180 35%$3.25 278 1,641 48%$3.25 257 1,227 36% 03/25/11Friday 03/31/11 Friday Friday 04/01/11 Friday 03/11/11Friday 03/18/11 Monday 03/28/11 Tuesday 03/29/11 Wednesday 03/30/11 Thursday Monday Tuesday Wednesday Thursday02/28/11 03/01/11 03/02/11 Monday Tuesday Wednesday Thursday03/07/11 03/08/11 03/09/11 03/10/11 03/04/1103/03/11 Monday Tuesday Wednesday Thursday03/14/11 03/15/11 03/16/11 03/17/11 03/24/11Monday Tuesday Wednesday Thursday 03/21/11 03/22/11 03/23/11 7 . . . . . . . . . Transponder Distribution Status Tags % of Total Tags % of Total Issued To New Accounts 535 29.6%537 29.4%777 30.1% Additional Tags to Existing Accounts 323 17.9%340 18.6%422 16.3% Replacement Transponders 948 52.5%949 52.0%1,381 53.5% Total Issued 1,806 1,826 2,579 Returned Account Closures 555 33.3%506 33.7%654 30.9% Accounts Downsizing 185 11.1%125 8.3%183 8.7% Defective Transponders 928 55.6%869 57.9%1,279 60.4% Total Returned 1,668 1,500 2,116 TRANSPONDER DISTRIBUTION March-11 February-11 Average To-Date FY 2010-11 At the end of March 2011, the 91 Express Lanes had 113,037 active customer accounts, with 169,213 transponders assigned to those accounts. TRANSPONDER INVENTORY STATUS Internal External Total Available for Distribution:8,067 120 8,187 Customer-Returned Tag Classification 1. Under Warranty - will Return to Sirit:0 2. Out of Warranty - will Destroy:677 3. Not yet Classified:836 9,700 169,213 TRANSPONDERS ON-HAND: Total Transponders On-hand: Transponders Currently Assigned to Accounts: March 2011 Number of Accounts by Fiscal Year As of March 31, 2011 8 . . . . . . . . . Operational Highlights On-road Operations Customer Assistance Specialists (CAS) responded to 122 calls during March. The CAS team received 72 calls to assist disabled vehicles, 19 calls to remove debris and conducted 21 assists or traffic breaks. There were 8 accidents in the Express Lanes and 2 accidents in the general- purpose lanes the CAS provided assistance to. 9 . . . . . . . . . Financial Highlights 91 Express Lanes Operating Statement Description Actual Budget Dollar $Percent (%) Operating revenues: Toll revenue 25,581,507.69 27,008,888.00$ (1,427,380.31)$ (5.3) Fee revenue 5,881,002.84 4,203,368.00 1,677,634.84 39.9 Total operating revenues 31,462,510.53 31,212,256.00 250,254.53 0.8 Operating expenses: Contracted services 4,836,596.68 5,154,250.00 317,653.32 6.2 Administrative fee 1,451,560.38 1,654,983.00 203,422.62 12.3 Other professional services 460,499.37 6,244,706.00 5,784,206.63 92.6 Credit card processing fees 788,582.27 872,151.00 83,568.73 9.6 Toll road account servicing 481,059.32 791,811.00 310,751.68 39.2 Other insurance expense 256,160.55 687,500.00 431,339.45 62.7 Toll road maintenance supply repairs 159,024.83 405,000.00 245,975.17 60.7 Patrol services 270,122.42 375,000.00 104,877.58 28.0 Building equipment repairs and maint 396,194.26 930,000.00 533,805.74 57.4 Other services 16,544.90 98,250.00 81,705.10 83.2 Advertising fees - - - N/A Utilities 11,101.66 13,500.00 2,398.34 17.8 Office expense 84,886.25 90,378.00 5,491.75 6.1 Bad debt expense - - - N/A Miscellaneous 189,834.82 245,269.00 55,434.18 22.6 Leases 296,982.55 318,750.00 21,767.45 6.8 Property taxes - - - N/A Total operating expenses 9,699,150.26 17,881,548.00 8,182,397.74 45.8 Depreciation and amortization 7,071,487.96 - (7,071,487.96) N/A Operating income (loss)14,691,872.31 13,330,708.00 1,361,164.31 10.2 Nonoperating revenues (expenses): Federal assistance grants - - - N/A Interest income 701,684.80 731,786.00 (30,101.20) (4.1) Interest expense (8,369,143.84) (8,722,385.00) 353,241.16 4.0 Other 149,105.46 8,515.00 140,590.46 1,651.1 Total nonoperating revenues (expenses)(7,518,353.58) (7,982,084.00) 463,730.42 5.8 Transfers in - - - N/A Transfers out (863,784.01) - (863,784.01) N/A Net income (loss)6,309,734.72$ 5,348,624.00$ 961,110.72$ 18.0 ¹Actual amounts are accounted for on the accrual basis of accounting in an enterprise fund. Budget amounts are accounted for on a modified accrual basis of accounting. ²Miscellaneous expenses include: Bond Insurance Costs, Bank Service Charge, Transponder Materials. ³Depreciation and amortization are not budgeted items. YTD as of March 31, 2011 YTD Variance Capital Asset Activity During the nine months ending March 31, 2011, capital asset activities included approximately $392,988 in leasehold improvement, $1,355,588 for the ETTM upgrade, $11,250 for computer hardware equipment and $437,996 for the purchase of transponders. ORANGE COUNTY TRANSPORTATION AUTHORITY 91 Express Lanes Monthly Status Reports Attachment C ATTACHMENT C Orange County Transportation Authority SSttaattuuss RReeppoorrtt AApprriill 22001111 As of April 30, 2011 2 . . . . . . . . . Operations Overview Traffic and Revenue Statistics Total traffic volume on the 91 Express Lanes for April 2011 was 960,296. This represents a daily average of 32,010. This is a 15.9% decrease in total traffic volume from the same period last year when traffic levels totaled 1,142,020. Potential toll revenue for the month was $2,770,489 which represents a decrease of 19.8% from the prior year’s total of $3,452,840. Carpool percentage for the month was 24.3% as compared to the previous year’s rate of 22.6%. Average revenue per trip is $2.89 or 2% below Stantec’s projections. Month-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the 91 Express Lanes and associated potential revenue for the month of April 2011. Current Month-to-Date (MTD) as of April 30, 2011 (FY 2010-11 data is for the corresponding month in that fiscal year) Trips Apr-11 MTD Actual Stantec MTD Projected # Variance % Variance Apr-10 MTD Actual Yr-to-Yr % Variance Full Toll Lanes 726,560 829,029 (102,469)(12.4%)883,436 (17.8%) 3+ Lanes 233,736 254,771 (21,035)(8.3%)258,584 (9.6%) Total Gross Trips 960,296 1,083,800 (123,504)(11.4%)1,142,020 (15.9%) Revenue Full Toll Lanes $2,698,313 $3,109,622 ($411,309)(13.2%)$3,363,258 (19.8%) 3+ Lanes $72,176 $84,393 ($12,217)(14.5%)$89,582 (19.4%) Total Gross Revenue $2,770,489 $3,194,015 ($423,525)(13.3%)$3,452,840 (19.8%) Average Revenue per Trip Average Full Toll Lanes $3.71 $3.75 ($0.04)(1.1%)$3.81 (2.6%) Average 3+ Lanes $0.31 $0.33 ($0.02)(6.1%)$0.35 (11.4%) Average Revenue Per Trip $2.89 $2.95 ($0.06)(2.0%)$3.02 (4.3%) 3 . . . . . . . . . The 2011 fiscal year-to-date (YTD) traffic volume is 4% lower than the same period last year. The 2011 fiscal year-to-date revenue is 4.9% lower than for the same period last year. Year-to- date average revenue per-trip is $2.97 and is consistent with Stantec’s projections. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the 91 Express Lanes and associated potential revenue for the months of July 2010 through April 2011. Fiscal Year (FY) 2010-11 to Date as of April 30, 2011 (FY 2010-11 data is for the period July 1, 2010 through April 30, 2011; FY 2009-10 data is for the corresponding period in that fiscal year.) Trips FY 2010-11 YTD Actual Stantec YTD Projected # Variance % Variance FY 2009-10 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 7,665,504 8,636,628 (971,124)(11.2%)8,057,479 (4.9%) 3+ Lanes 2,393,518 2,623,886 (230,368)(8.8%)2,424,179 (1.3%) Total Trips 10,059,022 11,260,514 (1,201,492)(10.7%)10,481,658 (4.0%) Full Toll Lanes $29,083,957 $32,543,220 ($3,459,263)(10.6%)$30,634,563 (5.1%) 3+ Lanes $825,700 $892,752 ($67,052)(7.5%)$820,562 0.6% Total Revenue $29,909,657 $33,435,973 ($3,526,315)(10.5%)$31,455,124 (4.9%) Full Toll Lanes $3.79 $3.77 $0.02 0.5%$3.80 (0.3%) 3+ Lanes $0.34 $0.34 $0.00 0.0%$0.34 0.0% Revenue Per Trip $2.97 $2.97 $0.00 0.0%$3.00 (1.0%) 4 . . . . . . . . . Traffic and Revenue Summary The chart below reflects the total trips breakdown between Full Toll trips and HOV3+ trips for FY 2010-11 on a monthly basis. The chart below reflects the gross potential revenue breakdown between Full Toll trips and HOV3+ trips for FY 2010-11 on a monthly basis. 5 . . . . . . . . . Peak traffic hour in the eastbound direction reached or exceeded 90% or more of defined capacity once during the month of April 2011. As demonstrated on the next chart, westbound peak hour traffic volumes top out at 66% of defined capacity. EASTBOUND PEAK-HOUR VOLUMES PM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 1400 - 1500 $3.10 422 2,674 79% 1500 - 1600 $10.25 637 2,809 83% 1600 - 1700 $9.35 519 2,698 79% 1700 - 1800 $7.50 552 2,733 80% 1800 - 1900 $5.30 470 2,184 64% 1900 - 2000 $4.95 479 1,623 48% PM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 1400 - 1500 $4.10 278 1,473 43%$4.10 270 1,585 47%$4.10 258 1,568 46%$4.20 290 1,778 52%$3.10 364 2,351 69% 1500 - 1600 $4.40 529 2,377 70%$3.70 546 2,512 74%$3.95 528 2,536 75%$5.45 561 2,622 77%$10.25 571 2,458 72% 1600 - 1700 $5.05 499 2,468 73%$7.30 499 2,417 71%$7.80 491 2,675 79%$9.45 514 2,586 76%$9.35 501 2,539 75% 1700 - 1800 $4.85 426 2,441 72%$6.75 447 2,389 70%$8.00 454 2,464 72%$9.30 445 2,401 71%$7.50 345 2,245 66% 1800 - 1900 $4.40 425 1,964 58%$3.60 507 2,300 68%$3.60 430 2,114 62%$4.40 435 2,123 62%$5.30 393 1,814 53% 1900 - 2000 $3.10 292 1,132 33%$3.10 337 1,355 40%$3.10 345 1,351 40%$4.50 310 1,309 39%$4.95 370 1,394 41% PM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 1400 - 1500 $4.10 244 1,385 41%$4.10 219 1,545 45%$4.10 253 1,632 48%$4.20 271 1,835 54%$3.10 405 2,736 80% 1500 - 1600 $4.40 487 2,247 66%$3.70 456 2,404 71%$3.95 493 2,513 74%$5.45 466 2,534 75%$10.25 569 2,779 82% 1600 - 1700 $5.05 412 2,445 72%$7.30 468 2,484 73%$7.80 440 2,498 73%$9.45 506 2,860 84%$9.35 519 2,802 82% 1700 - 1800 $4.85 419 2,303 68%$6.75 415 2,369 70%$8.00 442 2,257 66%$9.30 489 2,669 79%$7.50 420 2,468 73% 1800 - 1900 $4.40 391 1,776 52%$3.60 436 2,051 60%$3.60 453 1,961 58%$4.40 476 2,813 83%$5.30 445 2,188 64% 1900 - 2000 $3.10 243 1,102 32%$3.10 286 1,226 36%$3.10 342 1,381 41%$4.50 313 1,552 46%$4.95 354 1,415 42% PM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 1400 - 1500 $4.10 240 1,433 42%$4.10 254 1,562 46%$4.10 242 1,666 49%$4.20 166 1,321 39%$3.10 454 2,613 77% 1500 - 1600 $4.40 490 2,495 73%$3.70 464 2,537 75%$3.95 468 2,442 72%$5.45 169 1,190 35%$10.25 514 2,488 73% 1600 - 1700 $5.05 433 2,448 72%$7.30 425 2,492 73%$7.80 496 2,686 79%$9.45 415 2,537 75%$9.35 408 2,256 66% 1700 - 1800 $4.85 410 2,367 70%$6.75 450 2,378 70%$8.00 424 2,521 74%$9.30 393 2,356 69%$7.50 375 1,919 56% 1800 - 1900 $4.40 395 1,774 52%$3.60 426 1,923 57%$3.60 444 2,318 68%$4.40 559 3,058 90%$5.30 360 1,450 43% 1900 - 2000 $3.10 255 980 29%$3.10 273 1,179 35%$3.10 278 1,343 40%$4.50 457 2,736 80%$4.95 292 1,059 31% PM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 1400 - 1500 $4.10 263 1,464 43%$4.10 243 1,524 45%$4.10 251 1,679 49%$4.20 291 1,907 56%$3.10 422 2,684 79% 1500 - 1600 $4.40 444 2,282 67%$3.70 484 2,468 73%$3.95 494 2,571 76%$5.45 523 2,701 79%$10.25 566 2,696 79% 1600 - 1700 $5.05 404 2,357 69%$7.30 447 2,500 74%$7.80 483 2,514 74%$9.45 507 2,744 81%$9.35 478 2,723 80% 1700 - 1800 $4.85 353 2,078 61%$6.75 384 2,265 67%$8.00 455 2,514 74%$9.30 483 2,542 75%$7.50 415 2,447 72% 1800 - 1900 $4.40 392 1,750 51%$3.60 440 2,001 59%$3.60 481 2,421 71%$4.40 453 2,268 67%$5.30 469 2,226 65% 1900 - 2000 $3.10 264 999 29%$3.10 253 1,125 33%$3.10 355 1,695 50%$4.50 300 1,344 40%$4.95 340 1,415 42% Friday 04/29/11Thursday 04/28/11 Monday Tuesday Wednesday Thursday Monday 04/25/11 Tuesday 04/26/11 Wednesday 04/27/11 04/01/1103/28/11 03/29/11 03/30/11 03/31/11 Friday 04/08/1104/04/11 04/05/11 04/06/11 04/07/11 FridayMonday Tuesday Wednesday Thursday Monday Tuesday Wednesday Thursday 04/15/1104/11/11 04/12/11 04/13/11 04/14/11 Friday Monday Tuesday Wednesday Thursday 04/22/1104/18/11 04/19/11 04/20/11 04/21/11 Friday 6 . . . . . . . . . WESTBOUND PEAK-HOUR VOLUMES AM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 0400 - 0500 $2.40 199 456 13% 0500 - 0600 $3.80 432 1,460 43% 0600 - 0700 $3.95 498 1,859 55% 0700 - 0800 $4.40 469 2,013 59% 0800 - 0900 $3.95 258 1,509 44% 0900 - 1000 $3.25 218 1,212 36% AM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 0400 - 0500 $2.40 203 545 16%$2.40 224 559 16%$2.40 231 576 17%$2.40 232 557 16%$2.40 176 461 14% 0500 - 0600 $3.95 394 1,263 37%$3.95 493 1,623 48%$3.95 484 1,617 48%$3.95 473 1,612 47%$3.80 401 1,464 43% 0600 - 0700 $4.10 563 2,245 66%$4.10 560 2,169 64%$4.10 548 2,160 64%$4.10 519 2,098 62%$3.95 411 1,629 48% 0700 - 0800 $4.55 451 2,069 61%$4.55 443 2,112 62%$4.55 465 2,170 64%$4.55 414 2,026 60%$4.40 341 1,443 42% 0800 - 0900 $4.10 294 1,948 57%$4.10 299 1,719 51%$4.10 253 1,497 44%$4.10 220 1,532 45%$3.95 216 1,234 36% 0900 - 1000 $3.25 259 1,542 45%$3.25 300 1,458 43%$3.25 233 1,165 34%$3.25 240 1,238 36%$3.25 173 965 28% AM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 0400 - 0500 $2.40 209 576 17%$2.40 254 557 16%$2.40 222 529 16%$2.40 238 566 17%$2.40 208 500 15% 0500 - 0600 $3.95 505 1,706 50%$3.95 511 1,686 50%$3.95 491 1,679 49%$3.95 497 1,687 50%$3.80 449 1,572 46% 0600 - 0700 $4.10 539 2,195 65%$4.10 566 2,211 65%$4.10 537 2,132 63%$4.10 546 2,141 63%$3.95 524 1,979 58% 0700 - 0800 $4.55 407 2,057 61%$4.55 452 2,111 62%$4.55 474 2,240 66%$4.55 429 2,061 61%$4.40 384 1,667 49% 0800 - 0900 $4.10 195 1,467 43%$4.10 201 1,541 45%$4.10 242 1,637 48%$4.10 220 1,561 46%$3.95 219 1,351 40% 0900 - 1000 $3.25 149 1,069 31%$3.25 158 1,215 36%$3.25 173 1,294 38%$3.25 200 1,249 37%$3.25 192 1,136 33% AM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 0400 - 0500 $2.40 231 597 18%$2.40 235 558 16%$2.40 232 571 17%$2.40 229 519 15%$2.40 170 428 13% 0500 - 0600 $3.95 479 1,622 48%$3.95 483 1,603 47%$3.95 476 1,654 49%$3.95 488 1,705 50%$3.80 436 1,431 42% 0600 - 0700 $4.10 483 2,067 61%$4.10 511 1,989 59%$4.10 527 2,138 63%$4.10 541 2,106 62%$3.95 363 1,341 39% 0700 - 0800 $4.55 421 2,110 62%$4.55 426 2,077 61%$4.55 402 2,063 61%$4.55 405 2,093 62%$4.40 307 1,277 38% 0800 - 0900 $4.10 200 1,560 46%$4.10 200 1,850 54%$4.10 193 1,516 45%$4.10 190 1,634 48%$3.95 211 1,091 32% 0900 - 1000 $3.25 175 1,154 34%$3.25 148 1,220 36%$3.25 167 1,130 33%$3.25 166 1,147 34%$3.25 202 954 28% AM Time Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap.Price HOV Vol. Cap. 0400 - 0500 $2.40 200 529 16%$2.40 226 515 15%$2.40 244 528 16%$2.40 259 557 16%$2.40 208 465 14% 0500 - 0600 $3.95 474 1,631 48%$3.95 519 1,683 50%$3.95 478 1,661 49%$3.95 514 1,713 50%$3.80 423 1,344 40% 0600 - 0700 $4.10 490 2,064 61%$4.10 516 2,116 62%$4.10 556 2,166 64%$4.10 531 2,113 62%$3.95 501 1,991 59% 0700 - 0800 $4.55 389 1,958 58%$4.55 422 2,082 61%$4.55 436 2,064 61%$4.55 415 2,161 64%$4.40 385 1,858 55% 0800 - 0900 $4.10 192 1,225 36%$4.10 246 1,750 51%$4.10 247 1,631 48%$4.10 227 1,639 48%$3.95 208 1,252 37% 0900 - 1000 $3.25 196 1,446 43%$3.25 180 1,257 37%$3.25 158 1,225 36%$3.25 192 1,337 39%$3.25 184 1,181 35% 04/22/11Friday 04/28/11 Friday Friday 04/29/11 Friday 04/08/11Friday 04/15/11 Monday 04/25/11 Tuesday 04/26/11 Wednesday 04/27/11 Thursday Monday Tuesday Wednesday Thursday03/28/11 03/29/11 03/30/11 Monday Tuesday Wednesday Thursday04/04/11 04/05/11 04/06/11 04/07/11 04/01/1103/31/11 Monday Tuesday Wednesday Thursday04/11/11 04/12/11 04/13/11 04/14/11 04/21/11Monday Tuesday Wednesday Thursday 04/18/11 04/19/11 04/20/11 7 . . . . . . . . . Transponder Distribution Status Tags % of Total Tags % of Total Issued To New Accounts 478 27.4%535 29.6%777 30.1% Additional Tags to Existing Accounts 326 18.7%323 17.9%422 16.3% Replacement Transponders 939 53.9%948 52.5%1,381 53.5% Total Issued 1,743 1,806 2,579 Returned Account Closures 509 34.3%555 33.3%654 30.9% Accounts Downsizing 116 7.8%185 11.1%183 8.7% Defective Transponders 861 57.9%928 55.6%1,279 60.4% Total Returned 1,486 1,668 2,116 Average To-Date FY 2010-11TRANSPONDER DISTRIBUTION April-11 March-11 At the end of April 2011, the 91 Express Lanes had 112,875 active customer accounts, with 169,234 transponders assigned to those accounts. TRANSPONDER INVENTORY STATUS Internal External Total Available for Distribution:6,391 104 6,495 Customer-Returned Tag Classification 1. Under Warranty - will Return to Sirit:0 2. Out of Warranty - will Destroy:677 3. Not yet Classified:2,322 9,494 169,234 TRANSPONDERS ON-HAND: Total Transponders On-hand: Transponders Currently Assigned to Accounts: April 2011 Number of Accounts by Fiscal Year As of April 30, 2011 8 . . . . . . . . . Operational Highlights On-road Operations Customer Assistance Specialists (CAS) responded to 106 calls during April. The CAS team received 65 calls to assist disabled vehicles, 8 calls to remove debris and conducted 17 assists or traffic breaks. There were 12 accidents in the Express Lanes and 4 accidents in the general- purpose lanes the CAS provided assistance to. 9 . . . . . . . . . Financial Highlights Capital Asset Activity During the ten months ending April 30, 2011, capital asset activities included approximately $392,988 in leasehold improvement, $1,355,588 for the ETTM upgrade, $11,250 for computer hardware equipment and $437,996 for the purchase of transponders. ORANGE COUNTY TRANSPORTATION AUTHORITY 91 Express Lanes Swap Termination Staff Report Orange County Transportation Authority 550 South Main Street / P.O. Box 14184 / Orange / California 92863-1584 / (714) 560-OCTA (6282) June 3, 2011 To: State Route 91 Advisory Committee From: Kirk Avila, General Manager, 91 Express Lanes Subject: 91 Express Lanes Swap Termination Overview On March 15, 2011, the Orange County Transportation Authority (OCTA) terminated the outstanding Woodlands Commercial Bank (Woodlands) swap for approximately $5 million. The swap was originally entered into with Lehman Brothers Holdings in November 2003. In 2007, the swap was assigned to a Lehman Brothers Holding subsidiary, Lehman Brothers Commercial Bank, which was subsequently, renamed Woodlands. The swap with Woodlands was not functioning as planned since Lehman Brothers Holdings filed for bankruptcy in September 2008. Since interest rates over the past couple of years have been lower than when the swap was originally implemented, termination values for the swap ranged from $8 million to $21 million, averaging about $13 million. When the swap was terminated on March 15, 2011, the termination value was approximately $9.8 million. Woodlands were motivated to eliminate the swap from their balance sheet since Lehman Brothers creditors are anxious to sell Woodlands, which is a relatively small bank in Utah. On March 14, 2011, the OCTA Board of Directors approved the termination of the swap. The agenda item on the termination is attached. Recommendation Receive and file the 91 Express Lanes Swap Termination item dated March 9, 2011, to the Finance and Administration Committee. Attachment A. 91 Express Lanes Swap Termination Item to the Finance and Administration Committee dated March 9, 2011 ORANGE COUNTY TRANSPORTATION AUTHORITY 91 Express Lanes Swap Termination Attachment A OCTA ATTACHMENT A BOARD COMMITTEE TRANSMITTAL March 14, 2011 To: Members of the Board of Directors From: Wendy Knowles, Clerk of the Board Subject: 91 Express Lanes Swap Termination Finance and Administration Committee Meeting of March 9, 2011 Present: Directors Amante, Bates, Campbell, Cavecche, Hansen, and Moorlach Absent: Director Buffa Committee Vote This item was passed by all Committee Members present. Committee Recommendations A. Approve the termination of the interest rate swap with Woodlands Commercial Bank in an amount not to exceed $5 million. B. Amend the Orange County Transportation Authority Fiscal Year 2010-11 Budget by $5 million to fund the termination payment for the interest rate swap agreement with Woodlands Commercial Bank. Note: By consensus of the Committee, a presentation of this item was requested for the Board meeting on March 14, 2011. Orange County Transportation Authority 550 South Main Street /P.0, Box 14184 /Orange / California 92863-1584 / (774) 560-OCTA (6282) OCTA March 9, 2011 To: Finance and Administration om e From: Will Kempton, Chief Execut e ice Subject: 91 Express Lanes Swap Termin4tion Overview As interest rates have risen over the past couple of months, the termination values for the 91 Express Lanes interest rate swaps have declined. Woodlands Commercial Bank, one of the counterparties to the swap, is highly motivated to terminate the swap considering that this is one of the last remaining swaps on their balance sheet. Orange County Transportation Authority representatives have negotiated a preliminary termination value of $5 million with Woodlands Commercial Bank, subject to Board of Directors' approval. Recommendations A. Approve the termination of the interest rate swap with Woodlands Commercial Bank in an amount not to exceed $5 million, and authorize the Chief Executive Officer to execute a termination agreement between the two parties. B. Amend the Orange County Transportation Authority Fiscal Year 2010-11 Budget by $5 million to fund the termination payment to Woodlands Commercial Bank. Background In November 2003, the Orange County Transportation Authority (OCTA) issued $195.265 million in bonds to refinance the outstanding taxable bonds associated with the acquisition of the 91 Express Lanes. The bonds were issued in two series; a fixed-rate transaction and a variable rate transaction. OCTA sold $95.265 million in Ambac-insured fixed-rate Series A bonds at an average interest rate of 4.90 percent. The Series B bonds were sold as variable rate demand bonds (VRDBs) in the amount of $100 million and were secured by a liquidity support agreement by JP Morgan and Dexia Bank. The Orange County Transportation Authority 550 South Main Street /P. O. Box 14184 / Orange / California 92863.1584 / (714) 550-OCTA (6282.) 91 Express Lanes Swap Termination Page 2 Series B VRDBs were also insured by Ambac and were re -priced on a weekly basis. In an effort to remove the variable interest rate exposure, OCTA entered into floating -to -fixed interest rate swaps with two counterparties, Lehman Brothers (Lehman) and Bear Stearns. Lehman was responsible for $75 million and Bear Stearns was responsible for $25 million. The swaps synthetically fixed the interest rate on the VRDBs to 4.06 percent. In 2008, Ambac was downgraded by the rating agencies which impacted billions of dollars of VRDBs that were re -priced weekly. Tax-exempt money market funds lost confidence in bond insurance and decided to boycott insured VRDBs. Ambac's deteriorating credit position prompted other AAA insurers, as well as letter of credit banks, to reject providing the credit support for bonds that were also insured by Ambac due to their concern over inter -creditor rights disagreements. In November 2008, JP Morgan and Dexia Bank advised OCTA that they had decided to decline to renew their liquidity support for OCTA's Series B VRDBs. Also in 2008, Bear Stearns was sold to JP Morgan and Lehman Brothers Holdings declared bankruptcy, JP Morgan assumed the $25 million interest rate swap from Bear Stearns. The Lehman Brothers Holdings swap had been previously assigned (prior to 2008) to a Lehman subsidiary, Lehman Brothers Commercial Bank, which was subsequently renamed to Woodlands Commercial Bank (Woodlands). Given the general market uncertainty as well as OCTA's inability to solicit new liquidity at attractive rates, OCTA decided to privately place the Series B VRDBs in a two-year, fixed-rate mode authorized by the indenture with the Orange County Treasurer in December 2008. The two-year Orange County Investment Pool private placement matured in December 2010 and was rolled over at an interest rate of 1.55 percent with a final maturity of August 15, 2013. Discussion The outstanding interest rate swap with JP Morgan (for $25 million) is functioning as designed. OCTA remits 4.06 percent to JP Morgan on a semi-annual basis and receives the counterparty payment equal to the Securities Industry Financial Markets Association (SIFMA) rate on a monthly basis. The transaction with Woodlands is not functioning as planned since Lehman Brothers Holdings filed for bankruptcy in September 2008. Woodlands stopped 91 Express Lanes Swap Termination Page 3 remitting their counterparty payments to OCTA commencing October 1, 2008. In response, OCTA ceased making payments to Woodlands beginning February 15, 2009. OCTA owes Woodlands a true up payment in the amount of approximately $6.6 million as of February 28, 2011, for these missed payments. These amounts have been previously recognized in OCTA's financial statements, The majority of Lehman swap agreements had automatic termination provisions, and within days of Lehman's bankruptcy, most were terminated. The OCTA swap with Woodlands did not have an automatic termination provision. In addition, although Woodlands is a wholly -owned subsidiary of Lehman, Woodlands has not declared bankruptcy. Since the Lehman bankruptcy, OCTA has declined multiple offers from Woodlands to terminate the swap. Since interest rates over the past couple of years have been lower than when the swap was originally entered into, termination values for the swap have ranged from $8 million to $21 million, averaging about $13 million. The swap with OCTA is one of the few Lehman swaps left on Woodlands' balance sheet. Lehman bankruptcy creditors are pressing for the liquidation of all of the Lehman swaps. In addition, Lehman creditors are anxious to sell Woodlands, which is a relatively small bank in Utah. Potential suitors looking to purchase a small bank do not want to acquire a bank with swap exposure. Therefore, Woodlands is motivated to eliminate the swap, either through termination or assignment. Although several potential swap counterparties have made offers to negotiate an assignment of the swap, OCTA has the right to approve a new counterparty. Under an assignment, OCTA would continue to make the 4.06 percent semi-annual payment to the new counterparty and receive monthly payments equal to SIMFA. This amounts to approximately $3 million per year. Although short-term rates have remained relatively constant for the last six months, intermediate and long-term taxable rates have increased significantly since November 2010. Consequently, the termination values of the interest rate swaps have declined. As a result, OCTA contacted Woodlands with an interest to discuss terminating the swap. On February 28, 2011, OCTA representatives, including Finance and Administration Committee Chairman Bill Campbell, met face-to-face with Woodlands to see if a termination value could be negotiated between the two parties. OCTA offered, subject to Board of Directors' approval, to terminate the 91 Express Lanes Swap Termination Page 4 swap for a payment of approximately $5 million plus a true up of payments currently owed to Woodlands by OCTA of approximately $6.6 million. After week-long negotiations, Woodlands representatives agreed to terminate the swap for a total cost of $11.5 million, which includes the true up payment. This represents approximately 55 percent of the fair market swap termination value of $9 million, as of February 28, 2011. Available Options There are three options available for Woodlands swap: 1. Continue the status quo of waiting for a reduction in the termination value of the swap — OCTA has used this strategy since 2008, however it has been written in the financial press that Woodlands could either be sold to a third party or file for bankruptcy in 2011 if there are no interested parties. The Woodlands swap could potentially get tied up in bankruptcy proceedings. OCTA would continue to recognize 4.06 percent payments to Woodlands (approximately $3 million per year). 2. Work with Woodlands to assign the swap to a third party — this option would not require a termination payment, however the $6.6 million true up payment would be made to Woodlands at the conclusion of the assignment. A third party would take over the swap and OCTA would continue to make the 4.06 percent payment to the new counterparty (approximately $3 million per year). 3. Terminate the Woodlands swap — this would require a termination payment of approximately $5 million plus the true up payment of $6.6 million. OCTA's annual debt service would be reduced by approximately $3 million per year which would increase debt service coverage ratios for the program, Recommended Strategy After consideration of all options and based upon a not -to -exceed $5 million termination payment which is approximately 55 percent of the fair market value swap termination price, staff recommends terminating the swap. This cost will be funded with 91 Express Lanes funds that have been set aside in reserves. in exchange for this termination, OCTA will save approximately $3 million per year. Therefore, the payback period for this option is approximately 20 months. 91 Express Lanes Swap Termination Page 5 By terminating the Woodlands swap, OCTA would have several options available on August 15, 2013, to restructure the 91 Express Lanes debt. On this date, OCTA's private placement with the Orange County Treasurer for the $100 million Series B bonds matures, and the fixed-rate Series A bonds can be refinanced without penalty. OCTA may wish to consider fixed-rate bonds for just the Series B bonds, or OCTA may also elect to refinance the Series A bonds to 2030 or beyond. If long-term rates are higher than the current environment, OCTA could evaluate another short-term private placement for the Series B bonds. it is anticipated that the termination of the Woodlands swap will cost OCTA approximately $13,000 in fees. These fees will cover OCTA's swap advisor, bond counsel, and general counsel expenses. The termination of the Woodlands swap does riot impact the $25 million swap with JP Morgan. Staff will advise JP Morgan of Woodlands termination with OCTA. Fiscal Impact Payment for the termination of the interest rate swap agreement with Woodlands was not included in the fiscal year (FY) 2010-11 budget, Staff is requesting an amendment to the FY 2010-11 Expenditure Budget of $5 million to accommodate this transaction. The expenditure will be recognized in the 91 Express Lanes Fund under expense account 0036-8111-B0050 AS7. This payment will be made by utilizing reserve funds in the 91 Express Lanes Fund. Summary Termination values on the 91 Express Lanes interest rate swaps have decreased over the past couple months. Orange County Transportation Authority representatives met with representatives from Woodlands Commercial Bank and agreed to terminate the interest rate swap for a not -to -exceed cost of $5 million, subject to Board of Directors' approval. 91 Express Lanes Swap Termination Page 6 Attachment None. Prepared by: Kirk Avila Treasurer/General Manager Treasury/Toll Roads 714-560-5674 Approved by: Ken th Phipps Executive Director, Finance and Administration 714-560-5637 OCTA Background on 91 Express Lanes Debt Issued $195.265 million Ambac-insured bonds in November 2023 Q $95.265 million in fixed rate bonds (Series A) • $100 million in variable rate demand bonds (Series B) © Variable rate demand bonds swapped to synthetic fixed rate of 4.06% with two counterparties (Bear Stearns and Lehman Brothers) Entered into a $100 million private placement transaction with the Orange County Treasurer in December 2008 © Two year term -- matured December 2010 O 3. 85% fixed interest rate Entered into a second $100 million private placement transaction with the Orange County Treasurer in December 2010 4 Two year, eight month term — matures August 15, 2013 O 1.55% fixed interest rate Background on 91 Express Lanes Swaps $25 million Bear Stearns swap acquired by JP Morgan in 2008 O Swap functioning as designed $75 million Lehman swap transferred to Lehman subsidiary Lehman Brothers Commercial Bank (renamed Woodlands Bank) O Counterparty payments between OCT A and Woodlands ceased in Se ptember 2008 • Net amount owed by OCTA to Woodlands is approximately S6 .6 million as of February 28, 2011 (true up payment) Swap agreements with Woodlands Bank and JP Morgan currently remain in place 3 tJ NJ O C7 0 0 11/14/2008 12/14/2008 1/14/2009 2/14/2009 3/14/2009 4/14/2009 5/14/2009 6/14/2009 7/14/2009 8/14/2009 9/14/2009 10/14/2009 11/14/2009 12/14/2009 1/14/2010 2/14/2010 3/14/2010 4/14/2010 5/14/2010 6/14/2010 7/14/2010 8/14/2010 9/14/2010 10/14/2010 11/14/2010 12/14/2010 1/14/2011 2/14/2011 OC TA Tex=Exe p# Yield turves (SIFM.) • 4.500 - 4. 000 - 3.500 - 3. 000 - 2.500 - 2.000 - 1. 500 - 1.000 - 0 500 - 2 -Year Fo rward 1 --Yea r For\Afa rc!_a- Spo t 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 swwSpot 1Y Forward 2Y Fong?rd SIFMA — Securities Indu stry Fin ancial Markets Associa tion 5 Interest Rate Movement Required for Termination Value to Equ al $0 Spot SIFMA Curve + 119 basis points 5.000 4.500 4.000 3. 500 3. 000 2.500 2.000 1. 500 1.000 0. 500 OC TA 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 -n-� — S po - ,+119 bps SIFM A Curve: Spot, 1 -Year Forward + 97 basis point 5.000 -- 4 .500 - 4.000 -ry 3 .500 3.000 2.500 - 2.000 - 1.500 - 1.000 - 0.500 - 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 Spot --- 1Y Forwarc - - - +97 bps 6 Vi4M' ;54- =aim ., . 3. Terminate Woodlands- swap- ALQ 2 Assignment to<;third:pa OOTA $66 r lllion true`up payment $1 :'5 million (which includes;$6 6 million true -lfp, payment) 027%)} $2 84'rr�illiori'per:year=- {$75 milli n=x (4.0-6% W 0,27%) $i3 '<7 rnllion (which lnciud,es the $66' million true:up payment) 7 OCTA Approve the termination of the Woodlands swap in an amount not to exceed $5 million and authorize the Chief Executive Officer to execute a termination agreement Amend the OCTA Fiscal Year 2010-11 budget by $5 million to fund the termination payment to Woodlands 8 QCTA ;� •° ,=�t�ts5�-s'_t>,, ,�;3�3 �?mew If approved by Board of Directors, terminate swap with Woodlands and transfer $11 .5 minion payment from 91 Express Lanes funds on March 15, 2011 Continue to monitor JP Morgan swap 9 ORANGE COUNTY TRANSPORTATION AUTHORITY Draft 2011 State Route 91 Implementation Plan Staff Report Orange County Transportation Authority 550 South Main Street / P.O. Box 14184 / Orange / California 92863-1584 / (714) 560-OCTA (6282) June 3, 2011 To: State Route 91 Advisory Committee From: Will Kempton, Chief Executive Officer Subject: Draft 2011 State Route 91 Implementation Plan Overview Existing statutes require the Orange County Transportation Authority to annually update a long-range plan and proposed schedule for potential future Riverside Freeway (State Route 91) improvement projects. The Draft 2011 State Route 91 Implementation Plan is provided for review and approval. Recommendation Approve the Draft 2011 State Route 91 Implementation Plan. Background AB 1010 requires the Orange County Transportation Authority (OCTA), in consultation with the California Department of Transportation (Caltrans) and the Riverside County T ransportation Commission (RCTC), to annually issue a plan and a proposed completion schedule for the Riverside Freeway (State Route 91) improvements from the Ontario Freeway (Interstate 15) to the Costa Mesa Freeway (State Route 55). The intent of the annual plan is to establish a program of projects eligible for funding by potential excess 91 Express Lanes toll revenue. A major update to the State Route 91 Implementation Plan (Plan) occurred in 2006, with input from Caltrans, RCTC, and corridor cities. The update focused primarily on including and incorporating recommendations from the approved Riverside County-Orange County Major Investment Study (MIS) into the Plan, as well as inclusion of preliminary traffic analysis describing the general benefits of major projects. Draft 2011 State Route 91 Implementation Plan Page 2 Discussion The projects for the Plan have been updated based on RCTC’s 10-year delivery plan, the state Proposition 1B Corridor Mobility Improvement Account process, and the Orange County voter-approved Measure M2 Program. Further, several major projects have been advanced through the project development process, and new information has been incorporated into the Plan. OCTA staff collaborated with Caltrans, RCTC, Transportation Corridor Agencies, and corridor cities for the Plan update. OCTA retained an engineering consultant for the update that included convening technical meetings with agencies’ staff. The draft Plan, which included input from the stakeholders, is provided in Attachment A. The Plan describes projects and transportation benefits, anticipated implementation schedules by milestone year, and costs for major projects through 2030. The projects are organized by readiness and logical sequencing; however, full funding for all projects has not been secured. The first set of projects is anticipated to be completed by 2016 and include six improvements at a total cost of approximately $1.57 billion. The projects include new travel lanes between State Route 55 (SR-55) and the Foothill Transportation Corridor (State Route 241); interchange improvements at the Corona Expressway (State Route 71)/State Route 91 (SR-91); a new westbound lane at Tustin Avenue; the initial SR-91 Corridor Improvement Project (CIP) that will widen SR-91 by one general purpose (GP) lane in each direction east of the County line, add collector-distributor roads, and direct south connectors at the Interstate 15 (I-15)/SR-91, extend the 91 Express Lanes to the I-15, and provide system/local interchange improvements, as well as the Metrolink Short-Term Expansion Plan and express bus service in the corridor. Three projects slated for implementation between 2016 and 2025 include a State Route 241 (SR-241)/SR-91 Express Lanes high-occupancy vehicle/ high-occupancy toll direct connector, significant expansion of Metrolink service and station improvements along the SR-91 and Inland Empire - Orange County rail lines, and SR-91 widening improvements between the Orange Freeway (State Route 57) and SR-55. Work on the SR-241/91 Express Lanes direct connector project is occurring in coordination with the CIP project mentioned above. OCTA, RCTC, Transportation Corridor Agency, and Caltrans will be initiating preliminary planning activities for these projects to ensure readiness when local, state, or federal funding becomes available. Consequently, there may be opportunities to advance these projects if additional funding is made available. Likewise, if funding is limited, timing of the projects will be revisited. Projects for implementation by 2025 would cost approximately $940 million. Draft 2011 State Route 91 Implementation Plan Page 3 Improvements for 2035 implementation focus on longer lead time concepts and include: the ultimate CIP that widens SR-91 by one GP lane in each direction from SR-241 to State Route 71, I-15/SR-91 direct north connector, extension of express lanes on I-15 and SR-91 improvements east of I-15; an elevated four-lane facility (MIS Corridor A) from SR-241 to I-15; a four-lane tunnel facility from SR-241/Laguna Freeway (State Route 133) to I-15/Cajalco Road (formerly known as MIS Corridor B); and the Anaheim to Ontario International Airport high-speed rail. These concepts can be mega projects, anticipated to exceed $12 billion and require a significant amount of planning, design, and future policy and public input. The Plan includes traffic analysis for major SR-91 projects. The results indicate that improvements planned will decrease congestion and improve peak hour travel speeds. Specifically, in the eastbound direction, average travel times through the corridor decrease by 30 percent in 2016 (from 52 minutes currently to 36 minutes). Moving westbound, the travel times are slightly better than today. When the full scale of the Riverside County improvements for SR-91 is implemented by 2035, westbound traffic improvements will be seen. While both Corridors A and B are still concepts, the introduction of potential new corridors identified in the MIS by 2035 offer the potential for additional capacity to manage future SR-91 demand. Further feasibility studies will determine if these concepts move forward in the project development process. Next Steps On September 30, 2008, SB 1316 (Chapter 714, Statutes 2008) was signed into law, which enables RCTC to operate a toll facility along the portion of SR-91 in Riverside County by partial assignment to RCTC or by amendment to the franchise agreement from OCTA. RCTC is advancing the 91 CIP which will extend the 91 Express Lanes into Riverside County. OCTA and RCTC have been working collaboratively on the development of a cooperative agreement between the two agencies. The cooperative agreement addresses the coordination of operating a joint facility with one toll operator, sharing expenditures and revenues, coordination of design and construction for the 91 CIP project, handling of customer accounts, and the establishment of closure criteria for the 91 Express Lanes. The cooperative agreement is anticipated to be completed over the next couple months and be presented to the OCTA and RCTC Boards for approval. Draft 2011 State Route 91 Implementation Plan Page 4 Summary The Orange County Transportation Authority has completed the Draft 2011 State Route 91 Implementation Plan required by AB 1010 and subsequently SB 1316 legislation. The Draft 2011 State Route 91 Implementation Plan is presented for review and approval. The final document will be transmitted to appropriate members of the state legislature. Attachment A. Draft 2011 State Route 91 Implementation Plan, June 3, 2011 Prepared by: Approved by: Alison Army Kia Mortazavi Senior Transportation Analyst, Project Development (714) 560-5537 Executive Director, Development (714) 560-5741 ORANGE COUNTY TRANSPORTATION AUTHORITY Draft 2011 State Route 91 Implementation Plan Attachment A DDRRAAFFTT 2011 SR-91 IMPLEMENTATION PLAN i Table of Contents TABLE OF CONTENTS ......................................................................................................................................I SECTION 1: 2011 STATUS REPORT AND UPDATE.........................................................................................1 SECTION 2: IMPLEMENT ATION PLAN .............................................................................................................8 BY YEAR 2016 ...................................................................................................................................................9 BY YEAR 2025 .................................................................................................................................................16 BY YEAR 2035 .................................................................................................................................................20 SECTION 3: COMPLETED PROJECT EXHIBITS ............................................................................................26 SECTION 4: REFERENCES.............................................................................................................................30 2011 SR-91 IMPLEMENTATION PLAN 1 SECTION 1: 2011 Status Report and Update INTRODUCTION Previous law authorized the California Department of Transportation (Caltrans) to enter into franchise agreements with private companies to construct and operate four demonstration toll road projects in California. This resulted in the development of the 91 Express Lanes facility in Orange County. The four-lane, 10-mile toll road runs along the median of the Riverside Freeway (State Route 91) in northeast Orange County between the Orange/Riverside County Line and the Costa Mesa Freeway (State Route 55). Since the 91 Express Lanes carried its first vehicle on December 27, 1995, the facility has saved users tens of millions of hours of commuting time. While the 91 Express Lanes facility has improved travel time along the State Route 91 (SR-91) corridor, provisions in the franchise agreement between Caltrans and the private franchisee, the California Private Transportation Company (CPTC), prohibited Caltrans and county transportation agencies from adding transportation capacity or operational improvements to the SR-91 corridor from the Ontario Freeway (Interstate 15) in Riverside County to the Orange/Los Angeles Counties border through the year 2030. Consequently, the public agencies were barred from adding new lanes, improving interchanges, and adding other improvements to decrease congestion on the SR-91 freeway. Recognizing the need to eliminate the non-compete provision of the franchise agreement, Governor Gray Davis signed Assembly Bill 1010 (Lou Correa) (AB 1010) into law in September 2002, paving the way for much- needed congestion relief for thousands of drivers who use SR-91 to travel between Riverside and Orange Counties each day. The bill allowed the Orange County Transportation Authority (OCTA) to purchase the 91 Express Lanes franchise and eliminate the existing clause that prohibited any capacity-enhancing improvements from being made to SR-91 until the year 2030. The purchase agreement for the 91 Express Lanes was completed in January 2003, placing the road in public hands at a cost of $207.5 million. With the elimination of the non-compete provision through AB 1010 and the subsequent 91 Express Lanes purchase by the OCTA, Orange County and Riverside County public officials and Caltrans Districts 8 and 12 have been coordinating improvement plans for SR-91. Senate Bill 1316 (Lou Correa) (SB 1316) was signed into law in August 2008 as an update to the provisions of AB 1010. SB 1316 authorizes OCTA to transfer its rights and interests in the Riverside County portion of SR-91 toll lanes by assigning them to the Riverside County Transportation Commission (RCTC), and authorizes RCTC to impose tolls for 50 years. SB 1316 also requires OCTA, in consultation with Caltrans and RCTC, to annually issue a plan and a proposed completion schedule for SR-91 improvements from State Route 57 (SR-57) to Interstate 15 (I-15). The previous SR-91 Implementation Plan included a westerly project limit of State Route 55 (SR-55). This plan establishes a program of projects eligible for funding by the use of potential excess toll revenue and other funds. This 2011 SR-91 Implementation Plan (Plan) is the result of the requirement to provide the State Legislature with an annual Implementation Plan for SR-91 improvements and builds on the 2010 report, which was a major update of the previous annual Implementation Plans. This year’s update includes projects identified in the Riverside County – Orange County Major Investment Study (MIS) as well as other project development efforts and funding programs such as the RCTC 10-Year Western County Highway Delivery Plan that outlines a number of projects such as the extension of High Occupancy Toll (HOT) Lanes from the Orange/Riverside County Line to I-15, the California Transportation Commission (CTC) Corridor Mobility Improvement Account (CMIA) that provides a funding source for transportation projects, the extension of the Measure A program that provides funding for transportation projects in Riverside County, and the Renewed Measure M program that provides funding for transportation projects in Orange County. The 2011 Plan includes an overview, identification of issues and needs, time frames for project packages to improve mobility on 2011 SR-91 IMPLEMENTATION PLAN 2 SR-91, and are listed based on a logical sequence for implementation. Project descriptions include conceptual lane diagrams (as appropriate), cost estimates (in 2011 dollars, or as noted), and discussion of key considerations that need to be addressed in the planning and development of each project. This plan will provide OCTA, RCTC, and Caltrans with a framework to implement SR-91 and other related improvements. Future annual plan updates will continue to refine the scope, cost, and schedule of each project included in this version of the plan. SR-91 CORRIDOR CONDITIONS Project Limits The project study limits encompass the segment of SR-91 from west of the junction of SR-57 and SR-91 in the City of Anaheim in Orange County, to east of the junction of SR-91 and I-15 in the City of Corona in Riverside County. The freeway segment is approximately 20.3 miles long, and includes approximately 12.7 miles within Orange County and approximately 7.6 miles within Riverside County. Traffic Conditions Summary A review of traffic conditions in the Corridor indicates that the existing carrying capacity of the facility is inadequate to accommodate current and future peak demand volumes, and that Level of Service (LOS) F prevails in the peak direction during the entire peak period, where LOS F is defined as the worst freeway operating condition and is defined as a density of more than 45 passenger cars/lane/mile. The results also indicate that there are several physical constraints that generate unacceptable traffic queues. The following list summarizes the deficiencies identified along the SR-91 Corridor: Heavy traffic volumes from I-15 (North and South) converge with SR-91. The weaving and merging condition is complicated by the close proximity of the Westbound (WB) Main Street off-ramp. High demand from several on-ramps within the eastern segment exacerbates traffic conditions during rush hours. High traffic volumes from Gypsum Canyon Road and Santa Ana Canyon Road contribute to congestion on the mainline. The Eastern Transportation Corridor (State Route 241) merges with SR-91 causing additional congestion in the EB direction. One of the two EB lanes from State Route 241 (SR-241) is dropped just east of the merge to State Route 91 (SR-91). Heavy traffic reentering the freeway merges at slow speeds from existing WB and EB truck scales, impacting the general-purpose lanes. SR-55 merges with SR-91. An EB lane on SR-91 is dropped at Lakeview Avenue and a second EB lane is dropped at Imperial Highway creating a severe merge condition. WB SR-91 drops a GP lane and a 91 Express Lane to SB SR-55, which contributes to mainline congestion. This drop also occurs on the left-hand side of SR-91 as opposed to the typical right-hand exit. High demand from Weir Canyon Road, Imperial Highway and Lakeview Avenue. WB traffic entering SR-91 at Lakeview Avenue weaving through three lanes from WB SR-91 to southbound (SB) SR-55 contributes to mainline congestion. PROJECT SUMMARY Many of the projects identified in this 2011 Plan are based on the MIS that was completed in January 2006. The projects are presented based on potential implementation schedules and priorities established in the MIS as well as through subsequent project development. Table 1 summarizes the various projects in the 2011 Plan, and they are outlined below by implementation schedule (see Section 2 for detailed project summaries): The first set of projects is anticipated to be completed by 2016 and include six improvements at a total cost of approximately $1.57 billion. The projects include the Metrolink short-term expansion plan; new travel lanes between SR-55 and SR-241; interchange improvements at SR-71/SR-91; a new WB lane at Tustin Avenue; the Initial SR-91 Corridor Improvement Project (CIP) that will widen SR-91 by one GP lane in each direction east of the County Line, add collector-distributor (CD) roads and direct south connectors at I-15/SR-91, and extend the 91 Express Lanes to I-15, and provide system/local interchange improvements; and Express Bus improvements. These projects are in the process of 2011 SR-91 IMPLEMENTATION PLAN 3 final design, construction, or procurement and implementation, as noted in the project summaries. Some of these projects may become components of 2035 projects. Three projects for implementation by 2025 include a SR-241/SR-91 Express Lanes connector, a significant expansion of Metrolink service, and station improvements and SR-91 widening improvements between SR-57 and SR-55. OCTA, RCTC, and Caltrans have initiated preliminary planning activities for these projects to ensure readiness when local, state, or federal funding becomes available. Preliminary engineering has been initiated for the highway improvement projects. Consequently, there may be opportunities to advance these projects if additional funding is made available. Projects for implementation by 2025 would cost up to approximately $940 million. Projects for 2035 implementation focus on longer- lead time projects and include: a potential new interchange or overcrossing at Fairmont Boulevard; the Ultimate CIP that widens SR-91 by one GP lane in each direction from SR-241 to SR-71, I-15/SR-91 Direct North Connector, extension of Express Lanes on I-15 and SR-91 improvements east of I-15; an elevated 4-lane facility (MIS Corridor A) from SR-241 to I-15; Irvine-Corona Expressway (ICE) 4-lane facility from SR-241/SR-133 to I-15/Cajalco Road (formerly known as MIS Corridor B); and the Anaheim to Ontario International Airport High Speed Rail. The Fairmont Boulevard interchange project and the other four, multi-billion dollar potential projects require a significant amount of planning, design, and future policy and public input. In some cases, these projects may include previous projects as project components, such that all projects may not be implemented within this project summary. Traffic Analysis For the 2011 Plan, the traffic analysis for major SR-91 capacity projects has been updated from the 2010 Plan. This analysis used the latest freeway operations software model available from UC Berkeley and traffic data calibrated to reflect new traffic patterns since the 2010 Plan. This freeway operations model provides a better depiction of actual travel delays experienced by motorists compared to traditional travel demand models. The model can be used to analyze freeway bottlenecks sometimes neglected in traditional travel demand models. This approach is especially important given high SR-91 traffic volumes and the potential for relatively few vehicles to significantly slow down traffic. For example, a minor freeway merging area can cause many vehicles to slow, cascading delay through the traffic stream, and suddenly both speed and volume rapidly decrease for major segments of the freeway. Table 1 – SR-91 Implementation Plan Projects Project No. Project Summary (Implementation Year) Cost ($M) By Year 2016 1 Metrolink Short-Term Expansion Plan (2013) 35.4 2 Widen SR-91 between SR-55 and SR-241 by Adding a 5th GP Lane in Each Direction (2013) 71.0 3 SR-71/SR-91 Interchange Improvements (2015) 120.2 4 SR-91 WB Lane at Tustin Avenue (2015) 38.3 5 Initial CIP: Widen SR-91 by One GP Lane in Each Direction East of County Line, CD Roads and I-15/SR-91 Direct South Connector, Extension of Express Lanes to I-15 and System/Local Interchange Improvements (2016) 1,300 6 Express Bus Improvements Orange County to Riverside County (2016) 9.5 SUBTOTAL 1,574 By Year 2025 7 SR-241/SR-91 Express Lanes Connector (2017) 180 8 Metrolink Service and Station Improvements (2020) 335 9 SR-91 between SR-57 and SR-55 (2025) 425 SUBTOTAL 940 By 2035 10 Fairmont Boulevard Improvements (Post-2025) 76.8 11 Ultimate CIP: Widen SR-91 by One GP Lane in Each Direction from SR-241 to SR-71, I-15/SR-91 Direct North Connector, Extension of Express Lanes on I-15 and SR- 91 Improvements East of I-15 (Post-2025) TBD 12 Elevated 4-Lane Facility (MIS Corridor A) from SR-241 to I-15 (TBD) 2,720 13 Irvine-Corona Expressway (ICE) 4-Lane Facility from SR-241/SR-133 to I-15/Cajalco Road (TBD) 8,855 14 Anaheim to Ontario International Airport High Speed Rail ( Post-2030) TBD SUBTOTAL 11,650+ 2011 SR-91 IMPLEMENTATION PLAN 4 The operations analysis quantified travel time savings for WB morning and EB afternoon conditions for the following major capacity enhancing projects: New WB/EB lanes from SR-55 to SR-241 by 2013 (Project 2). New WB/EB lanes from SR-71 to I-15 by 2016 (Initial CIP, Project 5). SR-241/SR-91 Express Lanes connector with lanes to Coal Canyon on SR-91 by 2017 (Project 7). EB lane between SR-57 and SR-55 by 2023 (Project 9). New WB/EB lanes, various segments, from SR-241 to I-15 by Post-2025 (Ultimate CIP, Project 11). New capacity provided by Corridor A and Irvine-Corona Expressway (ICE) by 2035 (Projects 12 and 13). The WB morning traffic analysis results indicate that the year 2016 forecasts, bottlenecks are shown at the Orange-Riverside County line and at the SR-55 interchange. A minor bottleneck is shown at the SR-241. The main bottlenecks in Riverside County have decreased because of the completion of proposed projects, though some congestion is still forecasted. In the year 2025 forecast, WB bottlenecks are at Main Street, the Orange- Riverside County Line, at the SR-241 interchange, and at the SR-55 interchange. Assuming Corridors A and ICE are not constructed by the year 2035, bottlenecks appear at Main Street, just east of the SR-71 interchange, at the Orange-Riverside County Line, at the SR-241 interchange, and at the SR-55 interchange. For the year 2035, the construction of Corridors A and ICE is forecast to notably improve WB operations along the SR-91 freeway. A bottleneck is shown at the SR-55 interchange. The EB evening traffic analysis indicates that the year 2016 forecasts, bottlenecks are shown shortly before the SR-55 and at the Orange-Riverside County line. The main bottlenecks and queuing in Riverside County have largely decreased because of the completion of proposed projects, though some congestion is still forecasted. It is possible for this congestion to develop into new bottlenecks due to future growth of traffic volumes. In the year 2025 forecast, EB bottlenecks are still shown west of the SR-55 and at the Orange-Riverside County Line. Due to traffic growth, a bottleneck begins to reappear at Lincoln Avenue. Assuming Corridors A and ICE are not constructed by the year 2035, bottlenecks appear at SR- 55, at the SR-241 interchange, and at Lincoln Avenue. For the year 2035, the construction of Corridors A and ICE is forecast to notably improve EB operations along the SR- 91 freeway. A bottleneck is shown before the SR-55, and some minor congestion is shown at the SR-241 and in short stretches within Riverside County. The current design of the SR-55/SR-91 interchange limits the ability to move traffic into north and central Orange County via SR-55, and significant future vehicle delays may result without major interchange improvements and downstream capacity increases or diversion to other corridors. The introduction of Corridors A and ICE by 2035 offers the potential capacity to manage future SR-91 traffic demand in both directions. While both of these corridors are still concepts, they provide substantial relief to EB and WB traffic congestion in the future. Further feasibility studies will determine if one or both concepts move forward in the project development process. The charts below describe the travel time benefits by year including these various project concepts. 2011 SR-91 IMPLEMENTATION PLAN 5 PROJECT ACCOMPLISHMENTS Much progress has been made since the initial 2003 SR-91 Implementation Plan was approved. The 2011 Plan includes select completed project exhibits as a historical reference, see Section 3. Recently Completed Construction/Improvement Projects As of June 2011, the following physical improvements have been constructed/implemented: Repave and seal pavement surfaces, restripe, and replace raised channelizers on the 91 Express Lanes. Figure 1-2 – Mainline Eastbound SR-91 from SR-57 to I-15 P.M. Peak Hour Average Travel Time Figure 1-1 – Mainline Westbound SR-91 from I-15 to SR-57 A.M. Peak Hour Average Travel Time 2011 SR-91 IMPLEMENTATION PLAN 6 EB SR-91 restripe and median barrier reconstruction project that removed the CHP enforcement area and extended the EB auxiliary lane from SR-71 to the Serfas Club Drive off-ramp. WB auxiliary lane extension between the County Line and SR-241. This project eliminated the lane drop at the 91 Express Lanes and extended the existing auxiliary lane from the County Line to SR-241 in the westbound direction. This improvement minimized the traffic delays at the lane drop area, resulting in improved vehicle progression. WB restripe project extended the auxiliary lane between SR-71 and the County Line resulting in a new continuous auxiliary lane between SR-71 & SR-241. Express Bus improvements are implemented for the Galleria at Tyler to South Coast Metro route. Safety Improvements at the Truck Scales. Existing shoulders were improved, lanes were re-striped, illumination improved, and signage was modified into and out of the EB facilities. Green River Road overcrossing replacement (See Section 3). Metrolink parking structure at the North Main Street Corona Metrolink Station (See Section 3). EB SR-91 lane addition from SR-241 to SR-71 (See Section 3). These projects provide enhanced freeway capacity and improved mobility for one of the most congested segments of the freeway. The recently completed EB SR-91 lane addition project from SR-241 to SR-71 (See Section 3) has greatly enhanced highway operations with the addition of EB capacity from SR-241 to SR-71. This accounts for some of the improvement in existing EB p.m. peak hour travel time from approximately 70+ minutes in 2010 to approximately 50 minutes as shown in Figure 1-2. In addition, there are two projects that are currently in the project development or environmental phase that have a direct impact upon SR-91 widening projects. The first is the $2 billion U.S. Army Corps of Engineers (Corps) Santa Ana River Mainstem (SARM) improvement project that provides flood protection from the recently improved Prado Dam (near SR-71) to the Pacific Ocean. As part of the Corps’ project, existing riverbanks are being improved due to the increased capacity of the Prado Dam outlet works, which can now release up to 30,000 cubic feet per second (cfs) compared to the previous facility capacity of 10,000 cfs. The only remaining segment of the Santa Ana River to be improved is Reach 9 Phase 2A, which includes areas along SR-91 from just east of the Coal Canyon Wildlife Corridor Crossing to SR-71. SR-91 project design teams have coordinated with the Corps, Caltrans, and other federal, regional, and local agencies in order to accommodate future SR-91 improvements by the Corps bank protection project within Reach 9 by relocating the Santa Ana River. This will greatly enhance the ability of Caltrans and other regional transportation agencies to implement many of the SR-91 improvement projects listed herein. The Corps SARM Reach 9 improvements are under construction with American Recovery and Reinvestment Act (ARRA) “stimulus” funding and construction is anticipated to start in November 2011 be completed by June 2012. The other project with a direct impact to SR-91 is the $100 million Santa Ana Regional Interceptor (SARI) sewer trunk line relocation. The existing SARI line is within the Santa Ana River floodplain and is in jeopardy of failure due to scour from the potential increased flood releases by the aforementioned Corps project. In order to relocate the proposed 48-inch diameter SARI line outside of the floodplain, which is immediately adjacent to SR-91, highway R/W was relinquished to the Orange County Flood Control District (OCFCD) for location of the SARI line. SR-91 project teams have coordinated with the OCFCD, Caltrans, and other federal, regional, and local agencies in order to accommodate planned SR-91 improvements within the remaining State R/W subsequent to relinquishment. This project completed the preliminary engineering phase and is scheduled to complete construction by summer 2012. Recently Completed PSR’s and other Reports In addition to the physical improvements in the corridor, there are several reports and PSR’s that are completed, in draft form, or anticipated to be approved that identify improvements that will provide improved mobility. The reports and PSR’s include (also see Section 4): MIS – Final Project Report: Locally Preferred Strategy Report (January 2006). Project Study Report “On Route 91 from State Route 241 in Orange County to Pierce Street in the City of Riverside in Riverside County” (October 2006). Renewed Measure M Transportation Investment Plan (November 2006). 2011 SR-91 IMPLEMENTATION PLAN 7 Project Study Report for SR-71/SR-91 Interchange (December 2006). RCTC 10-Year Western County Highway Delivery Plan (December 2006). 91 Express Lanes Extension and State Route 241 Connector Feasibility Study (March 2009). Plans, Specifications and Estimates (PS&E) for Eastbound SR-91 lane addition from SR-241 to SR-71 (May 2009). SR-91 Feasibility Study from SR-57 to SR-55 (June 2009). SR-91/Fairmont Boulevard Feasibility Study (December 2009). PS&E “On State Route 91 Between the SR-91/SR-55 Interchange and the SR-91/SR-241 Interchange in Orange County” (April 2011). Renewed Measure M Early Action Plan, approved August 2007 and subsequently renamed as the Capital Action Plan (April 2011). Updates from the 2010 SR-91 Implementation Plan In addition, to the improvements and progress noted above, the following items that were included in the 2010 SR-91 Implementation Plan have been modified or dropped for the 2011 Plan update: The EB lane addition project improvements from SR-241 to SR-71 have been completed and the project is moved to Section 3 of the Plan. The 2013 horizon year has been updated to 2016 to capture projects to be implemented by 2016. The 2023 horizon year has been updated to 2025 to capture projects to be implemented by 2025. The Post-2025/2030 horizon year has been updated to 2035 to capture projects to be implemented by 2035. Various project costs and schedules have been updated from the 2010 Plan based on continued project development. 2011 SR-91 IMPLEMENTATION PLAN 8 SECTION 2: Implementation Plan OVERVIEW The 2011 Plan describes projects, implementation schedules, key consideration, benefits, and costs (in 2011 dollars, or as noted) for major projects through 2035. Most of the projects identified in this Implementation Plan are based on the MIS that was completed in January 2006. The projects are presented based on potential implementation schedules and priorities established in the MIS. The schedules for implementation of the packages of projects include 2016, 2025, and 2035. The 2016 projects are capable of being implemented through the project development process with minimal to moderate environmental constraints. Some of the longer-range projects for 2025 and 2035 require more significant planning and environmental assessment prior to design. Each of the project improvements includes an estimate of project schedules. It is important to note that implementing various time saving measures, such as design-build or contractor incentives for early completion, may potentially reduce project schedules. The implementation phases are defined as follows: Conceptual Engineering = Pre-Project Study Report (Pre-PSR) – Conceptual planning and engineering for project scoping and feasibility prior to initiating the PSR phase. Preliminary Engineering = Project Study Report (PSR) – Conceptual planning and engineering phase that allows for programming of funds. Environmental = Project Report/Environmental Documentation (PR/ED) – The detailed concept design that provides environmental clearance for the project and programs for final design and right of way acquisition. The duration for this phase is typically 2-3 years. Design = Plans, Specifications and Estimates (PS&E) – Provide detailed design to contractors for construction bidding and implementation. Construction = The project has completed construction and will provide congestion relief to motorists. The intent of these implementation plan project packages is to provide an action list for OCTA, RCTC and Caltrans to pursue in the project development process or for initiating further studies. Figure 2-1 – SR-91 Project Study Area from SR-57 to I-15 2011 SR-91 IMPLEMENTATION PLAN 9 By Year 2016 The first set of projects will be completed by 2016 and includes six (6) improvements at a total cost of approximately $1.57 billion (in 2011 dollars, or as noted). One of the projects is the interchange improvements at SR-71/SR-91. The Initial SR-91 Corridor Improvement Project (CIP) will widen SR-91 by one general purpose (GP) lane in each direction east of the County Line, collector-distributor (CD) roads and direct south connectors at I-15/SR-91, extension of 91 Express Lanes to I-15, and system interchange improvements. The other project that will be completed in this time frame includes the WB lane at Tustin Avenue. Some of these projects may become components of 2035 projects. Project No. Project Summary (Implementation Year) Cost ($M) 1 Metrolink Short-Term Expansion Plan (2013) 35.4 2 Widen SR-91 between SR-55 and SR-241 by Adding a 5th GP Lane in Each Direction (2013) 71.0 3 SR-71/SR-91 Interchange Improvements (2015) 120.2 4 SR-91 WB Lane at Tustin Avenue (2015) 38.3 5 Initial CIP: Widen SR-91 by One GP Lane in Each Direction East of County Line, CD Roads and I-15/SR-91 Direct South Connector, Extension of Express Lanes to I-15 and System/Local Interchange Improvements (2016) 1,300 6 Express Bus Improvements Orange County to Riverside County (2016) 9.5 SUBTOTAL 1,574 Figure 2-3 – Summary of Projects for Implementation By 2016 2011 SR-91 IMPLEMENTATION PLAN 10 2011 SR-91 IMPLEMENTATION PLAN 11 2011 SR-91 IMPLEMENTATION PLAN 12 2011 SR-91 IMPLEMENTATION PLAN 13 2011 SR-91 IMPLEMENTATION PLAN 14 2011 SR-91 IMPLEMENTATION PLAN 15 2011 SR-91 IMPLEMENTATION PLAN 16 By Year 2025 Projects for implementation by 2025 include a SR-241/SR-91 Express Lanes direct connector, a significant expansion of Metrolink service and station improvements and SR-91 improvements between SR-57 and SR-55. OCTA, RCTC, and Caltrans have initiated preliminary planning activities for these projects to ensure readiness when local, state, or federal funding becomes available. Consequently, there may be opportunities to advance these projects if additional funding is made available. Projects for implementation by 2025 are expected to cost up to approximately $940 million (in 2011 dollars, or as noted). Project No. Project Summary (Implementation Year) Cost ($M) 7 SR-241/SR-91 Express Lanes Connector (2017) 180 8 Metrolink Service and Station Improvements (2020) 335 9 SR-91 between SR-57 and SR-55 (2025) 425 SUBTOTAL 940 Figure 2-4 – Summary of Projects for Implementation By 2025 2011 SR-91 IMPLEMENTATION PLAN 17 2011 SR-91 IMPLEMENTATION PLAN 18 2011 SR-91 IMPLEMENTATION PLAN 19 2011 SR-91 IMPLEMENTATION PLAN 20 By Year 2035 Projects for implementation by 2035 focus on longer-lead time projects. This multi-billion dollar program includes: a potential new interchange or overcrossing at Fairmont Boulevard; the Ultimate CIP that widens SR-91 by one GP lane in each direction from SR-241 to SR-71, I-15/SR-91 Direct North Connector, extension of Express Lanes on I-15 and SR-91 improvements east of I-15; an elevated 4-lane facility (MIS Corridor A) from SR-241 to I-15; Irvine-Corona Expressway (ICE) 4-lane facility from SR-241/SR-133 to I-15/Cajalco Road (formerly known as MIS Corridor B); and the Anaheim to Ontario International Airport High Speed Rail. The $77 million dollar interchange project and the other four, multi-billion dollar potential projects include significant environmental constraints and right of way requirements in addition to requiring a significant amount of planning, design, and future policy and public input. The Corridor A project may incorporate projects being developed in the earlier programs as project components. Project No. Project Summary (Implementation Year) Cost ($M) 10 Fairmont Boulevard Improvements (Post-2025) 76.8 11 Ultimate CIP: Widen SR-91 by One GP Lane in Each Direction from SR-241 to SR-71, I-15/SR-91 Direct North Connector, Extension of Express Lanes on I-15 and SR-91 Improvements East of I-15 (Post-2025) TBD 12 Elevated 4-Lane Facility (MIS Corridor A) from SR-241 to I-15 (TBD) 2,720 13 Irvine-Corona Expressway (ICE) 4-Lane Facility from SR-241/SR-133 to I-15/Cajalco Road (TBD) 8,855 14 Anaheim to Ontario International Airport High Speed Rail (Post-2030) TBD SUBTOTAL 11,650+ Figure 2-5 – Summary of Projects for Implementation by 2035 2011 SR-91 IMPLEMENTATION PLAN 21 2011 SR-91 Implementation Plan 22 2011 SR-91 Implementation Plan 23 2011 SR-91 Implementation Plan 24 2011 SR-91 Implementation Plan 25 2011 SR-91 Implementation Plan 26 SECTION 3: COMPLETED PROJECT EXHIBITS The following exhibits represent completed projects fro m previous Plans and are intended to be used as a reference to illustrate the progress made since the inception of the Plan. Note, some projects listed in the Plan as completed (see Section 1, Project Accomplishments) are not included herein since there was no exhibit created for use with prior Plans (such as for restriping projects, various safety enhancements, minor operational improvements, etc.). 2011 SR-91 Implementation Plan 27 2011 SR-91 Implementation Plan 28 2011 SR-91 Implementation Plan 29 2011 SR-91 Implementation Plan 30 SECTION 4: REFERENCES The following documents and resources were used in the development of the 2011 Plan. Data was provided by OCTA, RCTC, Caltrans Districts 8 and 12, Transportation Corridor Agencies (TCA), and other agencies. PS&E “On State Route 91 Between the SR-91/SR-55 Interchange and the SR-91/SR-241 Interchange in Orange County” (April 2011) Project Study Report/Project Report “Right of Way Relinquishment on Westbound State Route 91 Between Weir Canyon Road and Coal Canyon”, May 2010 SR-91/Fairmont Boulevard Feasibility Study, December 2009 SR-91 Feasibility Study from SR-57 to SR-55, December 2009 Feasibility Evaluation Report for Irvine-Corona Expressway Tunnels, December 2009 Renewed Measure M Strategic Plan, June 2009 Plans, Specifications and Estimates (PS&E) for Eastbound SR-91 lane addition from SR-241 to SR-71, May 2009 Project Study Report “On State Route 91 Between the SR-91/SR-55 Interchange and the SR-91/SR-241 Interchange in Orange County”, April 2009 91 Express Lanes Extension and State Route 241 Connector Feasibility Study, March 2009 Project Study Report/Project Report “On Gypsum Canyon Road Between the Gypsum Canyon Road/SR-91 Westbound Off- Ramp (PM 16.4) and the Gypsum Canyon Road/SR-91 Eastbound Direct On-Ramp (PM 16.4)”, June 2008 California Transportation Commission, Corridor Mobility Improvement Account (CMIA), February 2007 Project Study Report “On Route 91 from Green River Road to Serfas Club Drive in the City of Corona in Riverside County”, December 2006 Orange County Transportation Authority Renewed Measure M Transportation Investment Plan, November 2006 Project Study Report “On Route 91 from State Route 241 in Orange County to Pierce Street in the City of Riverside in Riverside County”, October 2006 Riverside County-Orange County Major Investment Study (MIS) – Final Project Report: Locally Preferred Strategy Report, January 2006 Preliminary design plans for Eastbound Lane Addition from SR-241 to SR-71, 2006 Project Study Report “Westbound State Route 91 Auxiliary Lane from the NB SR-55/WB SR-91 Connector to the Tustin Avenue Interchange”, July 2004 California – Nevada Interstate Maglev Project Report, Anaheim-Ontario Segment; California-Nevada Super Speed Train Commission, American Magline Group, August 2003 Route Concept Reports for SR-91, Caltrans Districts 8 and 12 Various Preliminary Drawings and Cross Sections, Caltrans Districts 8 and 12 ORANGE COUNTY TRANSPORTATION AUTHORITY Draft 2011 State Route 91 Implementation Plan PowerPoint Draft 2011 State Route 91 Implementation Plan 2 Background AB 1010 (Chapter 688, Statutes 2002) }Enabled OCTA purchase of 91 Express Lanes }Eliminated non-compete clause }Required annual plan submittal to legislature SB 1316 (Chapter 714, Statutes 2008) }Authorizes OCTA transfer of express lanes rights within Riverside County }Allows for additional capital and transit projects }Extends OCTA/RCTC toll operation window to 2065 OCTA –Orange County Transportation Authority RCTC –Riverside County Transportation Commission 3 Plan Background Emerged from 2005 major investment study and state legislation Comprehensive plan to improve inter-county travel Many projects now in development phase Updated annually Organized by project readiness 4 Overview 2011 plan update incorporates: }SB 1316 }OCTA Measure M2 }RCTC 10-year delivery plan }RCTC Measure A }Recent project development activities Projects are grouped by implementation year Traffic analysis Next steps 5 Projects By Year 2016 Project No.Project Summary - Implementation Year 2016 Cost ($M) 1 MetrolinkShort-Term Expansion Plan (2013)35.4 2 Widen SR-91 Between SR-55 and SR-241 by Adding a 5th General Purpose (GP) Lane in Each Direction (2013)71.0 3 SR-71/SR-91 Interchange Improvements (2015)120.2 4 SR-91 Westbound Lane at Tustin Avenue (2015)38.3 5 Initial CIP: Widen SR-91 by One GP Lane in Each Direction East of County Line, Collector-Distributor Roads and I-15/ SR-91 Direct South Connector, Extension of Express Lanes to I-15 and System/Local Interchange Improvements (2016) 1,300 6 Express Bus Improvements Orange County to Riverside County (2016)9.5 SUBTOTAL 1,574 SR-91 –Riverside Freeway (State Route 91)SR-71 –Corona Expressway (State Route 71) SR-55 –Costa Mesa Freeway (State Route 55)CIP –Corridor Improvement Project SR-241 –Foothill Transportation Corridor (State Route 241) I-15 –Ontario Freeway (Interstate 15) 6 Projects Between Years 2017 and 2025 Project No.Project Summary - Implementation Year 2025 Cost ($M) 7 SR-241/SR-91 Express Lanes Connector (2017)180 8 Metrolink Service and Station Improvements (2020)335 9 SR-91 Between SR-57 and SR-55 (2025)425 SUBTOTAL 940 SR-57 –Orange Freeway (State Route 57) 7 Projects Between Years 2026 and 2035 Project No.Project Summary - Implementation Year 2035 Cost ($M) 10 Fairmont Boulevard Improvements (Post-2025)76.8 11 Ultimate CIP: Widen SR-91 by One GP Lane in Each Direction from SR-241 to SR-71, I-15/SR-91 Direct North Connector, Extension of Express Lanes on I-15 and SR-91 Improvements East of I-15 (Post-2025) TBD 12 Elevated Four-Lane Facility (Major Investment Corridor A) from SR-241 to I-15 (TBD)2,720 13 IrvineCoronaExpressway Four-LaneFacility fromSR-241/SR-133toI-15/CajalcoRoad(TBD)8,855 14 AnaheimtoOntarioInternationalAirportHigh-SpeedRail(Post-2030)TBD SUBTOTAL 11,650+ TBD –To be determined 8 Traffic Analysis Operations model focused on freeway congestion Shows benefits of major projects Results presented for existing, interim, and horizon years 9 Traffic Summary (PM, eastbound) 10 Traffic Summary (AM, westbound) 11 Recommendations/Next Steps Approve draft plan Provide to OCTA Board of Directors and RCTC in mid-June and July Forward approved plan to state legislature Continue project implementation efforts Continue to seek funding opportunities