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07 July 12, 2006 Commission77446 RECORDS RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEETING AGENDA TIME: 10:00 a.m. DATE: Wednesday, July 12, 2006 LOCATION: BOARD ROOM County of Riverside Administrative Center 4080 Lemon Street, First Floor, Riverside Commissioners Chairman: Marion Ashley 1 s` Vice Chairman: Terry Henderson 2nd Vice Chairman: Jeff Stone Bob Buster, County of Riverside John F. Tavaglione, County of Riverside Jeff Stone, County of Riverside Roy Wilson, County of Riverside Marion Ashley, County of Riverside Barbara Hanna / Art Welch, City of Banning Roger Berg / Jeff Fox, City of Beaumont Robert Crain / Joseph DeConinck, City of Blythe John Chlebnik / Shenna Mogeet / Bill Davis, City of Calimesa Mary Craton / John Zaitz, City of Canyon Lake Gregory S. Pettis / Charles England, City of Cathedral City Juan M. DeLara / Richard Macknicki, City of Coachella Jeff Miller / Karen Spiegel, City of Corona Alex Bias / Yvonne Parks, City of Desert Hot Springs Robin Lowe / Lori Van Arsdale, City of Hemet Mary Roche / Robert Bernheimer, City of Indian Wells Michael H. Wilson / Gene Gilbert, City of Indio Terry Henderson / Don Adolph, City of La Quinta Bob Magee / Robert L. Schiffner, City of Lake Elsinore Frank West / Charles White, City of Moreno Valley Rick Gibbs / Douglas McAllister, City of Murrieta Frank Hall / Harvey Sullivan, City of Norco Dick Kelly / Robert Spiegel, City of Palm Desert Ronald Oden / Ginny Foat, City of Palm Springs Daryl Busch / Mark Yarbrough, City of Perris Ron Meepos / Alan Seman, City of Rancho Mirage Steve Adams, City of Riverside Jim Ayres / Chris Buydos, City of San Jacinto Ron Roberts / Jeff Comerchero; City of Temecula Mike Perovich, Governor's Appointee Eric Haley, Executive Director Anne Mayer, Deputy Executive Director Hideo Sugita, Deputy Executive Director Comments are welcomed by the Commission. if you wish to provide comments to the Commission, please complete and submit a Testimony Card to the Clerk of the Commission. 11.36.00 RIVERSIDE COUNTY TRANSPORTATION COMMISSION www.rctc.org AGENDA* *Actions may be taken on any item listed on the agenda 10:00 a.m. Wednesday, July 12, 2006 BOARD ROOM County of Riverside Administrative Center 4080 Lemon Street, First Floor, Riverside /n compliance with the Americans with Disabilities Act and Government Code Section 54954.2, if special assistance is needed to participate in a Commission meeting, please contact the Clerk of the Board at (951) 787-7141. Notification of at least 48 hours prior to meeting time will assist staff in assuring that reasonable arrangements can be made to provide accessibility at the. meeting. 2. CALL TO ORDER PLEDGE OF ALLEGIANCE 3. ROLL CALL 4 PUBLIC COMMENTS (Itemsnot listed on the agenda) 5. APPROVAL OF MINUTES - JUNE 14, 2006 6. PUBLIC HEARING - FISCAL YEAR 2006/07 ALLOCATION OF FUNDING FOR RIVERSIDE COUNTY TRANSIT SERVICES Page 1 Overview This item is for the Commission to: 1) Conduct a public hearing at the July 12, 2006 Commission meeting on the proposed Program of Projects; 2) Approve the FY 2006/07 Federal Transit Administration's (FTA) Section 5307 and 5311 Program of Projects for Riverside County; 3) Direct staff to add projects into the Regional Transportation Improvement Plan; 4) Approve the FY 2006/07 Local Transportation Fund (LTF) and State Transit Assistance (STA) fund allocations for transit as shown in Attachment 2,• and 5) Adopt Resolution No. 06-016, "Resolution of the Riverside County Transportation Commission to Allocate State Transit Assistance Funds". Riverside County Transportation Commission Agenda July 12, 2006 Page 2 7. ADDITIONS/REVISIONS (The Commission may add an item to the Agenda after making a finding that there is a need to take immediate action on the item and that the item came to the attention of the Commission subsequent to the posting of the agenda. ' An action adding an item to the agenda requires 2/3 vote of the Commission. If there are less than 2/3 of the Commission members present, adding an item to the agenda requires a unanimous vote. Added items will be placed for discussion at the end of the agenda.) 8. CONSENT CALENDAR - Al/ matters on the Consent Calendar will be approved in a single motion unless a Commissioners) requests separate - action on specific item(s). Items pulled from the Consent Calendar;. will be placed for discussion at the end of the agenda. 8A. FEDERAL TRANSIT ADMINISTRATION DISADVANTAGED BUSINESS ENTERPRISE PROGRAM AND PROPOSED GOAL FOR FEDERAL FISCAL YEAR 2006/07 Overview This item is for the Commission to: 1) Adopt 2.90% as its Annual Federal Transit Administration (FTA) Disadvantaged Business Enterprise (DBE) Goal for Federal FY 2006/07 from October 1, 2006 to September 30, 2007; 2) Adopt Resolution No. 06-018, ''Resolution Of The Riverside County Transportation Commission Adopting Its Federal •Fiscal Year 2006/07 Disadvantaged Business Enterprise Program and Goal (49 CFR Part 26) as Applies to Funding Received Directly from the Federal Transit Administration"; and 3) Submit the FFY 2006/07 FTA DBE Program and Annual Goal to the FTA. Page 16 8B. HARASSMENT -FREE WORKPLACE POLICY, VIOLENCE IN • THE WORKPLACE POLICY, DRUG -FREE WORKPLACE POLICY, EQUAL OPPORTUNITY POLICY, AND ELECTRONIC COMMUNICATIONS POLICY Overview Page 25 This item is for the Commission to receive and file the revised Harassment -Free Workplace Policy, Violence in the Workplace Policy, Drug -Free Workplace Policy, Equal Opportunity Policy, and Electronic Communications Policy. • • Riverside County Transportation Commission Agenda July 12, 2006 Page 3 8C. AMENDMENT TO AGREEMENT FOR FINANCIAL ADVISORY SERVICES Page 49 Overview This item is for the Commission to: 1) Approve Agreement No. 04-19-029-01, Amendment No. 1 to Agreement No. 04-19-029, with Fieldman, Rolapp & Associates (Fieldman) to amend the term and rates of the agreement for financial advisory services; and 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission. 8D. FISCAL YEAR 2007/11 MEASURE A FIVE-YEAR CAPITAL IMPROVEMENT PLANS FOR LOCAL STREETS AND ROADS Page 53 Overview This item is for the Commission to approve` the FY 2007/11 Measure A Five -Year Capital Improvement Plans (CIP) for Local Streets and Roads as submitted. 8E. FISCAL YEAR 2005/06 MEASURE A CAPITAL IMPROVEMENT PLAN FOR LOCAL STREETS .AND ROADS FOR THE CITY OF CORONA Page 55 Overview This item is for the Commission to approve the amendment to the FY 2005/06 Measure A Capital Improvement Plan (CIP) for Local Streets and Roads for the city of Corona as submitted. 8F. FISCAL YEAR 2006/07 SB 821 BICYCLE AND PEDESTRIAN FACILITIES PROGRAM FUNDING RECOMMENDATIONS Page 58 Overview This item is for the Commission to approve the FY 2006/07 SB 821 Bicycle and Pedestrian Facilities Program recommended funding as shown on the attached. schedule. Riverside County Transportation Commission Agenda July 12, 2006 Page 4 8G. AGREEMENT NO. 07-33-007-00 FOR RIVERSIDE -DOWNTOWN METROLINK STATION EAST SIDE PARKING LOT PROJECT Overview This item is for the Commission to: Page 65 1) Award Agreement No. 07-33-007-00 to Hal Hays Construction, Inc. for the construction of the Riverside -Downtown Metrolink Station East Side Parking Lot Project in the amount of $1,515,404 plus a contingency amount of $224,596 to cover - potential change orders encountered during . construction, for a total not to exceed contract authorization of $1.740 million; 2) Authorize the Chair, pursuant to legal counsel review, ,to execute the agreement on behalf of the Commission; and 3) Increase the project budget for Riverside -Downtown Metrolink Station East Side Parking Lot project by $1.3 million in Measure A funds and $1.3 million in additional project costs and amend the Commuter Rail, Short Range Transit Plan to reflect these changes. 8H. SOUTHERN CALIFORNIA GOODS MOVEMENT STRATEGY lb MEMORANDUM OF AGIEMENT Page 72 Overview This item is for the Commission to: 1) Approve the Memorandum of Agreement (MOA) No. 07-67-008-00 between the County Transportation Commissions (Los. Angeles, Orange, .. San Bernardino, and Ventura); and 2) Authorize the Executive Director, pursuant to legalcounsel review, to execute the MOA on behalf. of the Commission. • Riverside County Transportation Commission Agenda July 12, 2006 Page 5 81. EXCLUSIVE NEGOTIATING AGREEMENT FOR JOINT DEVELOPMENT AT THE LA SIERRA METROLINK STATION TO BRE PROPERTIES, INC. Page 76 Overview This item is for the Commission to: 1) Award an Exclusive Negotiating Agreement (ENA) No. 07-67-004-00 for Joint Development , at the La Sierra Metrolink Station to BRE Properties, Inc; and 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission. 8J. SOLE SOURCE AGREEMENT 07-25-005-00 TO KEYSER MARSTON ASSOCIATES FOR REAL .ESTATE FINANCIAL ADVISORY CONSULTANTS , FOR THE RIVERSIDE -DOWNTOWN JOINT DEVELOPMENT Page 86 Overview This item is for the Commission to: 1) Award Sole Source Agreement No. 07-25-005-00 to Keyser Marston Associates for Consultant Services for the Riverside -Downtown Joint Development Project in an amount not to exceed $70,500; and 2) Authorize the Chair,; pursuant to legal counsel review, to execute the agreement on behalf of the Commission. 8K. AGREEMENT NO. 07-25-006-00 FOR THE .INTERSTATE 15 COMMUTER RAIL FEASIBILITY STUDY Page 99 Overview This item is for the Commission to: 1) Award Agreement No. 07-25-006-00 to Wilbur Smith and Associates for the 1-15 Commuter Rail Feasibility Study in an amount not to exceed $100,000; 2) Authorize the Chair, pursuant .to legal counsel review, to execute the agreement on behalf of the Commission; and 3) Amend the FY 2006/07 Commuter Rail Short Range Transit Plan to .reflect this study. Riverside County Transportation Commission Agenda July 12, 2006 Page 6 8L. COMMUTER RAIL PROGRAM UPDATE Overview Page 101 This item is for the Commission to receive and file the Commuter Rail Program Update as an information item. 8M. COORDINATED PUBLIC TRANSIT -HUMAN SERVICES TRANSPORTATION PLAN Overview This item is for the Commission to: Page 106 1) Approve the release of a (RFP) Request for Proposal to develop a Coordinated Public Transit -Human Services Transportation Plan; and 2) Direct staff to form a Technical Advisory Committee to guide the development of the plan once the consultant has been selected and approved by the Commission. 8N. FISCAL YEARS 2003/04 .2004/05 AND 2005/06 RCTC AND TRANSIT OPERATORS' TRIENNIAL PERFORMANCE. AUDITS' Page 109 Overview This item is for the Commission to: 1) Approve staff's request to release a Request for Proposal (RFP) to conduct a performance audit of the Riverside County Transportation Commission's activities and the seven public transit operators providing services in Riverside County; and 2) Direct the Chair to appoint an Ad Hoc Committee` to select the consultant to conduct the audits. 80. ANNOUNCEMENT OF GUARANTEED RIDE HOME PROGRAM Overview Page 111 This item is for the Commission to receive and file the announcement of the availability of a RCTC Guaranteed Ride Home Service for ridesharers. • Riverside County Transportation Commission Agenda July 12, 2006 Page 7 8P. FISCAL YEAR 2006/07 MEASURE A COMMUTER ASSISTANCE BUSPOOL SUBSIDY FUNDING CONTINUATION REQUESTS Page 113 Overview This item is for the Commission to authorize payment of $1,645/month per buspool for the period July 1, 2006 to June 30, 2007 to the existing Riverside, Moreno Valley, Corona and Mira Loma buspools. 8Q. STATE LEGISLATIVE ADVOCACY AGREEMENT Overview This item is for the Commission to: Page 119 1) Approve Agreement No. 07-14-009-00 to Smith, Watts & Company for State Legislative Advocacy Services; and 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission. 8R. STATE AND FEDERAL 1EGISLATIVE UPDATE Overview This item is for the Commission to: Page 121 1) Adopt the following bill position: AB 1699 (Frommer, D-Glendale) — OPPOSE UNLESS AMENDED (Change in Position); and 2) Receive and file the State and Legislative Update as an information item. Riverside County Transportation Commission Agenda July 12, 2006 Page 8 8S. AMENDMENT. TO ESCROW NO. 25123194MA, BETWEEN THE COMMUNITY FACILITIES DISTRICT NO. 88-8 OF THE COUNTY OF RIVERSIDE AND THE COMMISSION Overview This item is for the Commission to: Page 129 1) Approve an Amendment to the Inducement, Escrow and Workout Agreement by and between the Communities Facilities District No. 88-8 of the County of Riverside ("A" Street - North) and the - Commission; and . 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission; and 3) Approve Amended Escrow Instructions between the Communities Facilities District No. 88-8 of the County of Riverside and the Commission; and 4) Authorize the Chair, pursuant to legal counsel review, to execute said Instructions; and 5) Approve that the Tax Protocol. Agreement by and between the County of Riverside and the Commission be ratified. 9. AGREEMENT NO. 07-31-010-00 TO PREPARE PLANS, SPECIFICATIONS, AND COST ESTIMATE FOR THE CONSTRUCTION OF HIGHWAY IMPROVEMENTS CONSISTING OF TWO NEW HIGH OCCUPANCY VEHICLE LANE STRUCTURES AT THE 60/215 EAST JUNCTION BETWEEN BOX SPRINGS ROAD OVER -CROSSING AND DAY'STREET UNDER -CROSSING Page 145 Overview This item is for the Commission to: 1) Approve the selection process and consider the award of a contract to the highest ranked consultant to perform final engineering services and prepare Plans, Specifications, and Cost Estimate (PS&E) for construction of highway improvements at the 60/215 East Junction Interchange, contingent upon obligation of the funds with Caltrans; 2} Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission; and 3) Authorize the Executive Director or .his designee to approve contingency work as may be required for the project. Riverside County Transportation Commission Agenda July 12, 2006 Page 9 10. INTEREST RATE SWAP Overview This item is for the Commission to: Page 148 1) Approve the Riverside County Transportation Commission Swap Policy and revisions to the Debt Management Policy; 2) Adopt Resolution No. 06-014, "A Resolution of the Riverside County Transportation Commission Regarding the Swap Policy and Revised Debt Management Policy; 3) Direct staff to develop and issue a solicitation for a request for proposals for one or more variable -to -fixed interest rate forward starting swap transactions related to a total notional amount of $ 185,000000; 4) Approve Agreement No. 07-19-011-00 with Fieldman Rolapp Financial Services, LLC to provide swap advisory services; 5) Approve Agreement No. 05-19-510-01, Amendment No. 1 to Agreement No. 05-19-510, with Orrick, Herrington, & Sutcliffe LLP to amend the scope of services and related compensation related to legal services related to the execution of a swap transaction; 6) Authorize the Chair, pu(suant to legal counsel review, to execute the agreements on behalf of the Commission; 7) Adopt Resolution No. 06-015, "A Resolution of the Riverside County Transportation Commission Authorizing the Execution of a Swap"; and, 8) Authorize the Executive Director, pursuant to bond counsel review, to execute the swap transaction documents, including the International Swap and Derivatives Association, Inca (ISDA) Master Agreement (Local Currency -Single Jurisdiction) (Copyright 1992), as amended by a Schedule and Credit Support Annex, with the successful counterparties. 11. WESTERN RIVERSIDE COUNTY FREEWAY STRATEGIC PLAN Page 277 Overview This item is for the Commission to discuss with possible action/direction. 12. ITEMS PULLED FROM CONSENT CALENDAR AGENDA Riverside County Transportation Commission Agenda July 12, 2006 Page 10 13. COMMISSIONERS / EXECUTIVE DIRECTOR'S REPORT Overview This item provides the opportunity for the Commissioners and the Executive Director to report on attended meetings/conferences and any other items related to; Commission activities. Written Report on APTA 2006 Rail Conference from Commissioners Ron Roberts and Frank West (attached) Briefing on Devore 2 Project by Caltrans 14. CLOSED SESSION ITEMS CONFERENCE WITH LEGAL COUNSEL: EXISTING LITIGATION Pursuant to Subdivision (a) of Government Code Section 54956.9 • AAA Case No. 72 199 01006 04 VMD • JAMS Case No. 1220032805 CONFERENCE WITH LEGAL COUNSEL: ANTICIPATED. LITIGATION Pursuant to Subdivision (b) of Government Code Section 54956.9 CONFERENCE WITH LEGAL COUNSEL: ANTICIPATED LITIGATION Pursuant to Subdivision (c) of Government Code Section 54956.9 CONFERENCE WITH REAL PROPERTY NEGOTIATOR Pursuant to Government Code Section 54956.8 Negotiating Parties: RCTC — Executive Director or Designee Property Owners - See List of Property Owners 15. ADJOURNMENT The . next Commission meeting is scheduled to be held at 3:00 p.m., Thursday, September 14, 2006, Embassy Suites Hotel La -Quinta, 50-777 Santa Rosa Plaza, La Quinta, CA 92253. DETACH AND SUBMIT -TO -THE -CLERK -OF -THE -BOARD Speakers shall complete the following: DATE: 2--C4 SUBJECT OF PUBLIC COMMENTS: O PUBLIC COMMENTS: AGENDA ITEM NO.: ,# /f SUBJECT OF (AS LISTED ON THE AGENDA) ! AGENDA ITEM: gritAreAse_.P.� NAME: �lJA1.4.14.1 �tc'Z$o,� TEL. NO.: CFS`!) 694-'G$441-15 ADDRESS: 4/32_.fXz, treet REPRESENTING: BUSINESS ADDRESS: pe- �! 9 City Zip Code Name of Group RCTC/nk 10/03 TEL. NO.:09S7) 69V-4.46/0 DETACH AND -SUBMIT -TO -THE -CLERK -OF -THE -BOARD Speakers shall complete the following: DATE: Ju 1 2.11.00Ge SUBJECT OF PUBLIC COMMENTS: O PUBLIC COMMENTS: AGENDA ITEM NO.: SUBJECT OF I I AGENDA ITEM: (AS LISTED ON THE AGENDA) NAME: ADDRESS: 41 (.pRG Stre REPRESENTING: 113 . 50,11,o51?-41 BU S ADDRESS: RCTC/nk 10/03 TEL. NO.: Fait- PG4,.1 92466, City Zip Code SlaCtA Name of Group TEL. NO.: Ckq(11(60•14.1944 Speakers shall complete the following: SUBJECT OF PUBLIC COMMENTS: O PUBLIC COMMENTS: DETACH -AND -SUBMIT -TO THE CLERK UI- I lit BURRO DATE: 1..)(41 (2.1 LOCK, - AGENDA ITEM NO.: SUBJECT OF (,I AGENDA ITEM: IAS LISTED ON THE AGENDA) NAME: /7)4,v ` Z-45 ?-•lr_•,,9E file* / . aptrorc Pl4A/ TEL. NO.: ADDRESS:210V 6:404 nakiE l >Atsi CizST3 Street City Zip Code REPRESENTING: R%w�.Lr�ro�-+ BUSINESS RCTC/nk 10/03 Name of Group ESS: 104 57 � 415Pg 3cS �. tde F.4t b.e7 CA C112. 0 TEL. NO.: (1211142-0 RIVERSIDE COUNTY TRANSPORTATION COMMISSION ROLL CALL July 12, 2006 Present Absent County of Riverside, District County of Riverside, District II 0 County of Riverside, ,District Ili County of Riverside, District IV County of Riverside, District V City of Banning City of Beaumont City of Blythe City ;of Calimesa City of Canyon Lake ,( City of Cathedral City City of Coachella City of Corona City of Desert Hot Springs City of .Hemet. City of Indian Wells ... ...... . City of Indio City of La Quinta City of Lake Elsinore City of Moreno Valley City of Murrieta City of Norco City of Palm Desert City of Palm Springs City of Perris City of Rancho Mirage City of Riverside` City of San Jacinto City of Temecula Governor's Appointee, Caltrans District 8 RIVERSIDE COUNTY TRANSPORTATION COMMISSION COMMISSIONER SIGN -IN SHEET J U LY 12, 2006 NAME AGENCY E MAIL ADDRESS r b�� -Ha von_4 � 0 v\ t vn loctOo YrCel ka v\ v\cA 4 ,1 ,\ 06 c_gsW\ 15,r, 6 A- �`cj 6 2.6 9.f bu 1,-Jp "v T Wilil es2 'F(c/41,6•7e. '747fek_L /V0.1K CA C K G4A0.) M vitQ /t,-j-• "Aes?le-, ,� �� �i ht.�.m,s "^ ----7-i776 c v 44- (A-- 65,9A) �� ?j: l� p� /frki 1� st,,1-- et (Ai;No fL. ( 7.2oNq- NI1)4..L Tt.17-..6\AtA-1 C.IA NS ,,,v).v.J-I-Zren,n pp Zzo, 4 Co(4.,..si , � �.' < L/1 ,(6r7?r aAc Lr I1- -�7 p [J�,_c_- s R c.4 os ,L4 Dvi,J1--rt Sonic'' /A f�� l-tetieLPi5t9,-) i)V C.. \ 1 7�TC%dd7c'_S%i)6 `' g»/- IR • 6,&--� -/_: ,/� J64A) CNLEgtO1t< L—AG /flesh //✓ /1 (6- /,4N�daa / ,4 6-e 1I b i (,, 'i , O t sr i� i V-11 it ' fe,/ ' 1 ecLeir //C' l-1.zi �P 10,. Oifkbg.A4_ jcitz, rr corn ilea* C AGENDA ITEM 5 MINUTES • • i RIVERSIDE COUNTY TRANSPORTATION COMMISSION MINUTES Wednesday, June 14, 2006 1. CALL TO ORDER The Riverside County Transportation Commission was called to order by Chair Marion Ashley at 10:07 a.m., in the Board Room at the County of Riverside Administrative Center, 4080 Lemon Street, Riverside, California, _ 92501. PLEDGE OF ALLEGIANCE At this time, Commissioner Robin Lowe led the Commission in a flag salute. 3. ROLL CALL Commissioners/Alternates Present Commissioners Absent Steve Adams Marion Ashley Roger Berg Alex Bias Daryl Busch Bob Buster Chris Buydos Jeff Comerchero Rick Gibbs Frank Hall Barbara Hanna Terry Henderson Richard. Kelly Robin Lowe Bob Magee Shenna Moqeet Jeff Miller Ronald Oden Mike Perovich Gregory Pettis Mary Roche Jeff Stolle Charles White Roy Wilson. John Zaitz Robert Crain. Juan DeLara Ron Meepos John F. Tavaglione Michael H. Wilson Riverside County Transportation Commission Minutes June 14, 2006 Page 2 4. PUBLIC COMMENTS Letitia Pepper, representing the University Neighborhood Association, expressed opposition to station locations on Watkins Drive due to community impacts. She also expressed concern regarding the analysis of the Highgrove location. She submitted a letter addressing these concerns for the record. 5 APPROVAL OF MINUTES - May 10, 2006 M/S/C (Stone/Miller) to approve the May 10, 2006 minutes as submitted. Abstain:. Moqeet and Zaitz 6. PUBLIC HEARING -'PROPOSED BUDGET FISCAL YEAR 2006/07 Michele Cisneros, Accounting and Human Resources Manager, presented the Budget for FY 2006/07. She stated that there were two additional adjustments made since the proposed budget was presented last month, as follows: dental/vision insurance and rail capital obligation to Southern California Regional Rail Authority (SCRRA). " Chair Ashley opened the public hearing at this time. No comments were received from the public and the Chair closed the public hearing. Vice Chair Jeff Stone commended staff for an excellent budget document. M/S/C (Stone/Henderson) to close the Public Hearing and adopt the Proposed Budget for FY 2006/07. 7. ADDITIONS/REVISIONS Eric Haley announced additional information for Agenda Item 8F, "Transportation Uniform Mitigation Fee Program - Bi-Monthly Progress Report" Riverside County Transportation Commission Minutes June 14, 2006 Page 3 8. CONSENT CALENDAR Commissioner Ronald Oden requested a brief staff report on Agenda Item 8N, "Palo Verde Valley — Fiscal Year 2006/07 Unmet Transit Needs Hearing'. Tanya, Love, Program Manager, provided an overview on the Unmet Transit Needs requests received at the hearing. Commissioner Oden responded that his request has been satisfied. Commissioner Terry Henderson requested to comment on Agenda Item 8L, "Fiscal Years 2006/07 — 2008/09 Short Range Transit Plans" She stated that it was encouraging to see Banning and Beaumont transit systems - working closely together in order to explore a possible merger as it would suit all of the needs well if this were to occur. Eric Haley, Executive Director, concurred with Commissioner Henderson's comments and offered staff support and if necessary, limited funding to help move this along. Chair Ashley concurred with Commissioner Henderson's and Eric Haley's comments. M/S/C (Stone/Busch) 'tto approve the following Consent Calendar items: 8A. RESOLUTION NO. 06-007, "RESOLUTION OF THE RIVERS/DE COUNTY TRANSPORTATION COMMISSION ESTABLISHING THE COMMISSION'S APPROPRIATIONS,. LIMIT FOR FISCAL YEAR 2006/07" Adopt Resolution NG. 06-007, "Resolution of the Riverside County Transportation Commission Establishing the Commission's Appropriations Limit for Fiscal Year 2006/07" 86. QUARTERLY FINANCIAL STATEMENTS Receive and file the Quarterly Financial Statements for the third quarter ended March 31, 2006. Riverside County Transportation Commission Minutes June 14, 2006 Page 4 8C. ADVANCE OF FISCAL YEAR 2006/07 CITY OF HEMET MEASURE A LOCAL STREET AND ROAD FUNDS 1) Approve an advance of $2,126 000, including accrued interest, to the city of Hemet (City) for its estimated Measure A Local Streets and Roads (LSR) funding for FY 2006/07 and 2) Authorize the Chair, pursuant to legal counsel review, to execute Agreement No. 06-31-068-00, Measure A Local Streets and Roads Advancement Agreement, between the Commission and the City. 8D. INTERFUND LOAN ACTIVITY REPORT Receive and file the Interfund Loan Activity Report for the third quarter ended March 31, 2006. 8E. 2006 CONGESTION MANAGEMENT PROGRAM UPDATE Adopt the 2006 Congestion Management Program Update. 8F. TRANSPORTATION UNIFORM MITIGATION FEE PROGRAM BI-MONTHLY PROGRESS REPORT Receive and file the Transportation Uniform Mitigation Fee (TUMF) Program Bi-Monthly Progress Report. 8G. AGREEMENTS FOR FREEWAY 'SERVICE PATROL TOW TRUCK SERVICE 1) Approve AgreementNo. 02-45-070-03, Amendment No. 3 to Freeway Service Patrol Tow Truck Agreement" No. 02-45-070, with Tri-City Towing, Inc. to extend the term of the agreement and increase the hourly rate from $45.00 to $47.00 for Beat No. 4; 2) Approve Agreement No. 02-45-071-04, Amendment No. 4 to Freeway Service Patrol Tow Truck Agreement No. 02-45-071, with Pepe's Towing Services, Inc. to extend the term of the. agreement and increase the hourly rate from $43.75 to $45.75 for Beat No. 18; and 3) Authorize the Chair, pursuant to legal counsel review,' to execute the agreements on behalf of the Commission. Riverside County Transportation Commission Minutes June 14, 2006 Page 5 8H. CITY OF MORENO VALLEY'S BICYCLE TRANSPORTATION PLAN Approve the city of Moreno Valley's (City) Bicycle Transportation Plan as submitted. 81. PROPOSED METROLINK BUDGET FOR FISCAL YEAR 2006/07 1) Adopt the preliminary FY 2006/07 Metrolink Operating and Capital Budget; and 2) Allocate the Commission's funding commitment to the Southern California Regional Rail Authority (SCRRA) in an amount not to - exceed $6,709,935 comprised of $5,508,700 in Local Transportation Fund (LTF) funds for train operations and maintenance -of -way, and $1,201,235 for capital projects to be funded by Federal Transit Administration (FTA) Section 5307 funds. 8J. COMMUTER RAIL PROGRAM UPDATE Receive and file the Commuter Rail Program Update as an information item. 8K. PRODUCTIVITY IMPROVEMENT PROGRAM FISCAL YEAR 2006/07 PERFORMANCE TARGETS 1) Productivity Improvement Program- (PIP) FY 2006/07 performance targets for thefarebox recovery ratio and discretionary indicators as outlined in the attachments; and 2) An increase in the PIP FY 2006/07 performance targets for the operating cost per revenue hour for the, Banning Municipal Transit Agency, City of Corona, Riverside Transit Agency and Commission's Commuter Rail Program as outlined in Table A. 8L. FISCAL YEARS 2006/07 - 2008/09 SHORT RANGE TRANSIT PLANS Approve, in concept, the FY 2006/07 — FY 2008/09 Short Range Transit Plans for the cities of Banning, Beaumont (collectively Pass Transit System), Corona, Riverside, Palo Verde Valley Transit Agency, Riverside Transit Agency, SunLine Transit Agency and RCTC's Regional Rail Program. Riverside County Transportation Commission Minutes June 14, 2006 Page 6 8M. FISCAL YEAR 2006/07 MINIMUM FARE REVENUE RATIO FOR RIVERSIDE TRANSIT AGENCY AND SUNLINE TRANSIT AGENCY Reaffirm the methodology used to calculate the requiredfare box recovery ratio and approve the FY 2006/07 minimum fare revenue to operating expense ratio of 17.65% for Riverside Transit Agency (RTA) and 17.14% for SunLine Transit Agency (SunLine). 8N. PALO VERDE VALLEY - FISCAL YEAR 2006/07 UNMET TRANSIT NEEDS NEARING 1) Reaffirm the Commission's definition of "Unmet Transit Needs" and "Reasonable to Meet" standards; and 2) Make a finding through Resolution No. 06-01 1, "Resolution .of the Riverside County Transportation Commission Adopting a Finding that There are No Unmet Transit Needs that are Reasonable to Meet in the Palo Verde Valley Area", that based upon a review of the requests for services received through the Unmet Transit Needs Hearing process, review of existing services and proposed improvements to the available services, there are no unmet transit needs that can be reasonably met in the Palo Verde Valley. 80. FUNDING ADJUSTMENT FOR THE STATE ROUTE 74 WIDENING PROJECT BETWEEN INTERSTATE 15 IN LAKE ELSINORE AND 7T" STREET IN PERRIS Approve an increase of $1,807,233 to the project budget for the SR- 74 widening project' between 1-15 in the city of Lake Elsinore (Lake Elsinore) and 7`" Street in the city of Perris (Perris) from $76,446,874 to $78,254107. 8P. REVISIONS TO THE 1989 MEASURE A LOCAL ' CIRCULATION INTERCHANGE` IMPROVEMENT PROJECTS FOR THE CITY OF RIVERSIDE 1) Approve the city of Riverside's (City) request to split the Commission's 1989 Measure A Local Circulation interchange project commitment of $11.758 million for the Adams Street Interchange with $3.968 million 'going to the Van Buren Interchange and $7.790 million to the La Sierra Interchange projects; and Riverside County Transportation Commission Minutes June 14, 2006 Page 7 2) Authorize the Executive Director to redistribute the Measure A funds between the La Sierra and Van Buren Interchange projects based on the value of construction bids received. This requires the City to provide written documentation on the bid value to the Commission and this authorization cannot exceed the total amount of Measure A funds approved for these projects in the Strategic Plan. 8Q. AGREEMENT NO. 06-51-063-00 WITH CALTRANS FOR THE EXCHANGE OF PROPERTY RELATED TO THE SAN JACINTO BRANCH LINE 1) Approve Agreement No. 06-51-063-00 with , Caltrans for the exchange of property related to the San Jacinto Branch Line (Parcels 7723-1, 7731-1-A, and 7731-2 and Parcel 7724-01-05); and 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission. 8R. LAMB CANYON PROPERTY CONVEYANCE TO CALTRANS 1) Approve the honveyance of property acquired for the Lamb Canyon project to Ca!trans; and 2) Authorize the Chair, pursuant to legal counsel review, to execute the conveyance documents. 8S. CORONA DEPOT PROPERTY SALE 1) Approve Agreement No. 06-51-067-00 for the sale of the Corona Depot, (.97 acres) located at 150 Depot Drive in Corona as shown on the attached map, to the city of Corona in the amount of $753,000; and 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission. • Riverside County Transportation Commission Minutes June 14, 2006 Page 8 8T. MADISON'STATION GROUNDS SALE TO THE CITY OF RIVERSIDE ,.1) Approve Agreement No. 06-51-065-00 for the sale of the former Madison Station Grounds, (4.15 acres) located on Railroad Avenue between Madison Street and Jefferson Avenue -: in Riverside as shown on the attached map, to the city of Riverside in the amount of $1,070,000; and 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission. 8U. AGREEMENT NO. 06-25-071-00 WITH WESTERN AREA SECURITY - GUARD SERVICES FOR SECURITY GUARD SERVICE AT THE COMMUTER RAIL STATIONS 1) Award Agreement No. 06-25-071-00 to Western Area Security Guard Services (WASS) for security guard service at the five commuter rail stations in the amount of $2,476,140; and 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission. 8V. STATE AND FEDERAL LEGISLATIVE UPDATE Approve the following bill positions: a) HR 5329 (Miller, R-Diamond Bar) SUPPORT b) AB 2015 (Lieu, D-Redondo Beach) OPPOSE RIVERSIDE COUNTY -ORANGE COUNTY 1VIAJOR INVESTMENT 'STUDY ACTION PLAN Cathy Bechtel, Project Delivery Director, provided an overview of the action plan to accomplish the improvements of the Riverside Orange Corridor Authority (ROCA) that were recently approved in the Major Investment Study (MIS). In response to Commissioner Steve Adams' question, Cathy Bechtel responded that the $15.8 million that was allocated for the geotechnical boring study and the Commission is already in the process of pulling down those funds. Metropolitan Water District (MWD) has approved the $4.9 million to move forward with two geotechnical bore holes and MWD has already submitted the requests for the permits. There will be a meeting to jointly coordinate how many bore holes will need to be studied. • Riverside County Transportation Commission Minutes June 14, 2006 Page 9 Commissioner Bob Magee commended staff for its efforts .in building the relationships between the two counties as there has ;been a significant amount of work. He expressed concern for the Ortega Safety Program and the proposed, amended master plan for arterial highways to reduce future capacity from four to two lanes: In response to Commissioner Henderson's concern regarding amendments to the Ortega Highway Master Plan, Cathy Bechtel responded that OCTA has committed to amend the master plan of arterial highways to reduce the number of lanes. Chair Ashley requested staff to bring back the Ortega Highway Master Plan to the Commission at its November or December meeting for discussion. Commissioner Bob Buster concurred that there should be further discussion' on the Ortega Highway Master Plan and requested a schedule of improvements be included for discussion. M/S/C (Magee/Adams) to approve the Riverside County -Orange County Major Investment Study Action Plan: 10. 2006 STATE ROUTE 91 IMPLEMENTATION PLAN Kurt Brotcke, OCTA Planning and Analysis Department Manager, provided an overview and background information on the 2006 Draft SR-91 Implementation Plan, highlighting the following items: • Annual plan and schedule for SR-91 improvements required by AB 1010. • Incorporation of MIS direction • Preliminary traffic benefits_ • Preliminary schedules for most projects • Project Summary by years 2011, 2015, 2020, 2030 • Traffic Analysis • Projected travel times with project assumptions Eric Haley, Executive Director, stated that while the timelines are reasonable, conservative, and defensible, he believes there are -a number of projects that cannot wait until the timelines referenced. Riverside County Transportation Commission Minutes June 14, 2006 Page 10 Commissioner Jeff Miller stated the importance of the passage of Measure M as it dedicates $1.5 billion between the SR-57, SR-91, SR-241 and other various improvements. He also expressed support for HR 5329 that would provide. $390 million in federal funding for a series of improvements on SR-91 in Orange and Riverside Counties and inquired as to OCTA's support of the bill. Also, as Chairman of the SR-91 Toll Advisory Committee, he has asked staff to bring back a report to discuss .the use of toll revenues for improvements. Kurt Brotcke responded that OCTA is supportive of HR 5329 but its current focus is on the passage of Measure M. He will return to the Commission with OCTA's comments on the bill. 11. CONSTRUCTION COST TRENDS Anne Mayer, Deputy Executive Director, provided an overview on the causes for the increase in project cost trends as follows: • Regional Cost Perspective • Comparison of Construction Costs • Volatility of Materials Costs • National Cost Perspective • Labor Cost Trends • - Federal funding Authorization She stated that these issues will significantly impact the 2009 Expenditure Plan projects and the cost estimates that vvill be included in the 10-Year Delivery Plan. She stated that in addition to the cost estimates, the Delivery Plan effort will include an analysis of the 1988 revenues and expenditures to look at the forecasts for the 1989 Measure. She also stated that an assessment of project benefits, determination of project priorities, and detailed discussions of delivery plan criteria and assumptions will occur at the Public/Private Financing and Delivery Plan Ad Hoc Committee over the next few months. 12. ITEMS PULLED FROM CONSENT CALENDAR AGENDA There were no items pulled from the Consent Calendar. • Riverside County Transportation Commission Minutes June 14, 2006 Page 11 13. COMMISSIONERS / EXECUTIVE DIRECTOR'S REPORT A. Commissioner Ronald Oden reported on the PAC Rail Meeting in Palm Springs, highlighting discussions of rail through the Pass Area to Coachella Valley. B. Eric Haley reported: • Shirley Medina, Program Manager was elected to be Vice -Moderator of the Regional Transportation Planning Agencies; and • Election results involving counties transportation measures. 14. CLOSED SESSION ITEM A. CONFERENCE WITH LEGAL COUNSEL: EXISTING LITIGATION Pursuant to Subdivision (a) of Government Code Section 54956.9 B. CONFERENCE WITH LEGAL COUNSEL: ANTICIPATED LITIGATION; Pursuant to Subdivision (b) of Government Code Section 54956.9 C. CONFERENCE WITH LEGAL COUNSEL: ANTICIPATED LITIGATION Pursuant to Subdivision (c) of Government Code Section 54956.9 D. CONFERENCE WITH REAL PROPERTY NEGOTIATOR Pursuant to Government Code Section 54956.8 Negotiating Parties: RCTC — Executive Director or Designee Property Owners - See List of Property Owners Item APN Property Owner(s) 1 347-110-057 347-110-059 347-110-070 347-110-07 7 Nicholas and Kathryn Abood 2 347-110-030 James and Michael Duffy 3 347-110-010 Eleanor Armstrong Barbara Page 4 347-1 10-016 347-110-018 347-110-023 347-110-029 347-110-031 Adel Abusamra Riverside County Transportation Commission Minutes June 14, 2006 Page 12 Item APN Property Owner(s) 5 347-110-063 347-110-065 Adel Abusamra 6 347-110-017 Nrll East LLC 7 347-110-033 Norma Federow` 8 347-110-011 Robert Hildom 9 421-190-008 421-190-009 421-200-003 421-200-006 421-200-007 421-200-008 421-200-017 421-200-030 421-200-031 421=210-012 42`1-210-023 421-210-024 423-240-003 423-240-005 423-2-012 Wolfskill Driscoll 10 571-176-023 571-170-027 571-170-025 571-170-021 571-170-024 571-170-020 Wilson Creek Conservation Bank 11 900-060-007 ` Harold Hall 12 900-060-017 John and Phyllis Allen There were no Closed Session items for discussion under 14A, 14B and 14C. There were no announcements for Closed Session Item 14D. Riverside County Transportation Commission Minutes June 14, 2006 Page 13 15. ADJOURNMENT There being no further business for consideration by the Riverside County Transportation Commission, the meeting adjourned at 11:53 a.m. The next Commission meeting is scheduled to be held at 10:00 a.m., on Wednesday, July 12, 2006, at the County of Riverside Administrative Center, 4080 Lemon Street, Board Room, Riverside, California, 92501. Respectfully submitted, Jennifer Harmon Clerk of the Board I • I AGENDA ITEM 6 PUBLIC HEARING RIVERS/DE COUNTY TRANSPORTATION COMM/SS/ON DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Plans and Programs Committee Tanya Love, Program Manager THROUGH: Eric Haley, Executive Director SUBJECT: Fiscal Year 2006/07 Allocation of Funding for Riverside County Transit Services PLANS AND PROGRAMS COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1► Conduct a public hearing at the July 12, 2006 Commission meeting on the proposed Program of Projects; 2) Approve the FY 2006/07 Federal Transit Administration's (FTA) Section 5307 and 5311 Program of Projects for Riverside County; 3) Direct staff to add projects into the Regional Transportation Improvement Plan; 4) Approve the FY 2006/07 Local Transit Assistance (STA) fund Attachment 2; and 5) Adopt Resolution No. 06-016, Transportation Fund (LTF) and State allocations for transit as shown in "Resolution of the Riverside County Transportation Commission to Allocate State Transit Assistance Funds". BACKGROUND INFORMATION: At its June 14, 2006 meeting, the Commission approved the FY 2006/07 — FY 2008/09 Short Range Transit Plans (SRTP): As previously reported, the SRTPs cover Riverside County's three apportionment areas and consist of plans for the cities of Banning, Beaumont (collectively Pass Transit System), Corona, Riverside, Palo Verde Valley Transit Agency, Riverside Transit Agency, SunLine Transit Agency, and RCTC's Regional Commuter Rail Program. While the SRTPs outline the planned capital expenditures for a three-year period, operating service levels and funding requests are only provided for year -one of the three-year plan. As the Transportation Planning Agency (TPA), the Commission is responsible for planning transit services, operator oversight/fiduciary responsibilities and allocation of transit funds. The FY 2006/07 SRTPs estimate that S138,552,083 in funding is required to support the operating and capital requests for the provision of Riverside County transit services. The following chart provides an overview of the operating and Agenda Item 6 1 capital costs together vvith projected ridership levels by apportionment area and transit operator: AGENCY/APPORTIONMENT Operating Capital Total Costs Ridership 205,000 City of Banning $ 1,164,743 $ 34,950 $ 1,199,693 City of Beaumont $ 1,200,000 $ 140,000 $ 1,340,000 125,500 City of Corona $ 1,802,500 $ 50,000 $ 1,852,500 217,400 Riverside Special Services $ 2,626,840 $ 1,920,000 $ 4,546,840 156,899 Riverside Transit Agency $ 43 665,697 $ 7,742,116. $. 51,407,813 7,142,58E Westem County: Bus $ 50,459,780 $ 9,887,066 $ 60,346,846 7,847,388 Western County: Rail* $ 7,106,600 $ 14,537,035 $ .. 21,643,635 -2,874,48E WESTERN COUNTY: TOTAL$ 57,566,380 $ 24,424,101 $ 81,990,481 10,721 874 SunLine Transit Agency $ 19,050,505 $ 8,935,772 $ 27,986,277 3,500,429 COACHELLA VALLEY: TOTAL$ 19,050,505. $ 8,935,772 $-.27,986,277 3,500,429 Palo Verde Valley Transit Agency $ 810,575 $ 81,850 $ 892,425 54,292 PALO VERDE VALLEY: TOTALS 810,575 $ 81,850 $ 892,425 54,292 TOTAL: ALL APPORTIONMENT AREAS: $ 77,427,460 $ 33,441,723 $ 110,869,183 14,276,595 *Commuter Rail's costs include RCTC's share of approximately $7 1 million plus LA Metro, OCTA and- SANBAG's share of approximately $27.7 million. (Consists of. $12,488,100 - Additional Commuter Rail operating subsidy plus $15,194,800 - Commuter Rail Farebox) FY 2006/07 OPERATING AND CAPITAL COSTS The following chart provides an overview, by funding source, of the operating and capital costs required to provide transit services in Riverside County`: Riverside County: FY 20t06/07 Operating and Capital Costs TDA (LTF & STA Funds) $64,147,554 - 47% Additional Commuter Rat Operating Subsidy paid by .SANBAG, OCTA & LA Metro $12,488,100 9% Measure A $12,578,986 9% Other Miscellaneous Revenues $1,178,308 1% TUMF(WRC). $356,965 Federal - Formula Funds (Section 5307 & 5311) $19,447,516 14% Federal -Discretionary Funds (Section 5309 & 53110 $1,853,779 1% Passenger Fares $26,500,875 19% Passenger Fares $11,306,075- Public Bus Operators $15,194,800 - Commuter Rail Operator Of the $138,552,083 dollar amount identified in the above chart, approximately $40.5 million is derived from 1) passenger fares, 2) Western Riverside TUMF, Agenda Item 6 2 • • 3) miscellaneous other revenue and 4) commuter rail member agencies' revenue share. The remaining balance of approximately $98 million 0138.5 million - $40.5 million) consists of federal, state and local funds that are allocated through Commission action. ALLOCATION OF FY 2006/07 FUNDING Federal Funding: Section 5307, Section 5309 and Section 5311 Section 5307 Formula Funds On an annual basis, the Federal Transit Administration (FTA) distributes federal operating and capital block grant funds to urbanized areas through its Section 5307 _ Program. There are four urbanized areas in Riverside County: 1) Riverside/San Bernardino; 2) Hemet/San Jacinto; 3) Temecula/Murrieta; and 4) Indio/Cathedral City/Palm Springs. Prior to an operator submitting its Section 5307 grant application to FTA, the Commission must develop and approve a Program of Projects (POP) for each urbanized area and conduct a public hearing. Attachment 1 consists of the proposed Section 5307 POP for Rierside County; each contain projects identified in the SRTPs. The draft POP, if not' amended through the public hearing process; will become final as presented and will be included in an approved Regional Transportation Improvement Program and subsequently forwarded to the Southern California Association of Governments for review and processing. The actual Section 5307 apportionments for FY 2006/07 will not be known until later this calendar year when final appropriations are made by Congress. The POP were developed at the highest anticipated funding amount to allow the operators to proceed with grant applications and to avoid delays associated with program amendments and additional paperwork should the actual apportionments come in lower than estimated. Balances, if any, will be carried over to subsequent fiscal years and will be made available to meet future transit needs. Agenda Item 6 3 Section 5309 Discretionary Funds The Section 5309 program provides capital assistance, on a discretionary basis, for new and replacement buses and related facilities. For FY 2006/07, the Riverside Transit Agency (RTA) and SunLine Transit Agency (SunLine) have identified projects totaling $1,814,299 in Section 5309 discretionary funds. Prior to the operators accessing these funds, the projects must be included in an approved Regional Transportation Improvement Program. Section 5311 Formula and Discretionary Funds The Section 5311 Rural Transit Assistance Program available through the FTA provides federal operating assistance funds for rural transit operators. These funds are administered by Caltrans and the majority of the funds are passed through to counties based on a population formula. The remaining funds, if sufficient to justify a call for projects, are awarded in a statewide discretionary program lay Caltrans for rural capital projects and intercity bus programs. Transit operators in counties where formula funds are fully programmed submit projects for discretionary funding to Caltrans. In order for grants to be approved, the. Commission must develop and approve a Section 5311 Program of Projects. This year's program was prepared using the :FY 2005/06 funding level for transit operations. As with the Section 5307 Program, the actual apportionments will not be known until later this calendar \year when final appropriations- are made by Congress. By programming at what may be a higher level of funding, the operators will be able to apply for maximumfunding and avoid delays and additional work to amend ,programs and grants. Section 5311 Formula Program The proposed program allocates the estimated $635,973 in formula funds for Riverside County in FY 2006/07 to RTA at 61.7% and SunLine at'38.3%. The 61.7%/38.3%formula was approved by the Commission in 1987 and was based on the level of service each agency operated in the non -urbanized areas of the county. In FY-2002/03, Commission staff discussed the formula with staff from RTA and SunLine to determine if the formula was still applicable. Both agencies agreed that the formula should remain at the current percentage splits. Following is the proposed FY 2006/07 Section 5311 Program of Projects: Section 5311 Formula Funds COUNTY - 100% Federal Funds Available $635,973 FY 2005/06 Estimated Carry Over $448,599 COUNTY WIDE TOTAL: $1,084,572 Agenda Item 6 RTA - 61.7% SunLine - 38.3% $392,395 $243,578 $276,786 $171,813 $669,181 $415,391 4 I • i i • Both RTA and SunLine identified the use of Section 5311 formula funds for operating during FY 2006/07. Should additional funds be identified, available funds will be carried over and available for programming in FY 2007/08. Discretionary Section 5311 Funds RTA has identified the use of $39,480 in discretionary Section 5311 funding for the use of shelters and benches for rural bus stops. It is not known at this time whether Caltrans will release an additional call for projects in FY 2006/07 for discretionary rural transit projects. Should Caltrans release a call for projects, all transit operators will be contacted about the availability of funds. Transportation Development Act Funding The Transportation Development Act (TDA) provides two major sources of funding for public transportation. The first, the Local Transportation Fund (LTF), provides fora '/4 cent of the 7%4 % state retail sales tax collected in each county. The State Board of Equalization returns the sales tax revenues to the county of Riverside where it is held until the Commission provides written allocation instructions for disbursement. For FY 2006/07, it is estimated that LTF revenue for transit services will be $63,256,158. State Transit Assistance (STA) funeting.is the second source of TDA funds. STA funds are generated from the statewide sales tax on motor vehicle fuel (gasoline: and diesel). The STA funds are appropriated to the State Controller for allocation` by formula to each TPA. The Commission is responsible for the allocation of these funds for Riverside County. The formula allocates 50% of the funds on the basis of the region's population compared to the State's population (STA 99313 funds). The remaining 50% is allocated according to the prior year proportion of the region's transit operator passenger fare and local support revenues (STA 99314 funds). According to the State Controller's Office, the amount of STA funds projected to be received in Riverside County for FY 2006/07 is $6,924,442 ($5,989,149 is 99313 discretionary funds and $935,293 is 99314 non -discretionary operator funds). Prior to approving the STA allocations, the Commission must adopt the attached Resolution as specified in the Transportation Development Act Statutes, California Code of Regulations. In order for the public transit operators to claim LTF and/or STA funds for operating and capital purposes, the Commission must allocate funds to support the transit services and capital projects contained in the FY 2006/07 SRTP. The requested allocations are consistent with the approved SRTPs and the funds are explicitly for the projects as stated in the approved plans. Attachment 2 outlines the specific operators' requested TDA allocations for FY 2006/07. Agenda Item 6 5 Although the city of Beaumont's (Beaumont) FY 2006/07 - FY 2008/09 SRTP was approved, the Commission cannot allocate any TDA funding for. FY 2006/07 pending the completion of Beaumont's . FY 2003/04 and FY 2004/05 financial audits. As stated in Public Utilities Code (PUC) 6664: "In accordance with PUC Code Section 99245, a report of a fiscal and compliance audit made by an independent auditor shall be submitted by each claimant within 180 days after the end of the fiscal year, except that the responsible entity, as defined in Section` 6663, may grant an extension of up to 90 days as it deems necessary. No allocation shall be made to any claimant that is delinquent in its submission of a fiscal and compliance audit report." Based on discussions with Beaumont staff, it is anticipated that Beaumont's financial audits will be completed by the end of July. Upon completion, of the financial audits, Commission staff will request an allocation of TDA funds for FY 2005/06 and FY 2006/07: Staff recommends the approval, of the TDA and FTA fundsas presented. Asin previous years, any modifications in fare box revenues, federal grants, Measure A funding, orcarry over funds may require operators to `revise 'their services to operate within the funding limitations. Financial Information In Fiscal Year N/A: LTF Year:\ FY 2006/07 Amount: $59,731,867 (LTF)' "Budget: Yes: STA $ '3,195,687'(STA) Source of Funds: Transportation Development Act: Budget Adjustment: No LTF & STA GLA No.: 601 62 86101 & LTF operating and capital allocations 86102 STA capital allocations 241 62 86102 Fiscal Procedures Approved:' \iitt«o Date: 6/26/06 > Attachments: 1) Resolution No. 06-016 2) Section 5307 Program of Projects 3) TDA spreadsheets (LTF & STA) Agenda Item 6 • RESOLUTION NO. 06-016 A RESOLUTION OF THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION TO ALLOCATE STATE TRANSIT ASSISTANCE FUNDS WHEREAS, the Riverside County Transportation Commission is designated the regional entity responsible for the allocation of State Transit Assistance Funds within Riverside County; and WHEREAS, the Riverside County Transportation Commission has examined the Short Range Transit Plans and Transportation Improvement Program; and WHEREAS, all proposed expenditures in Riverside County are in conformity with the Regional Transportation Plan; and WHEREAS, the level of passenger fares is sufficient for claimants to meet the fare revenue requirements of Public Utilities Code Sections 99268.2, 99268.3, 99268.4, 99268.5, and 99268.9, as applicable; and WHEREAS, the claimant is making full use of federal funds available under the Federal Transit Act; and WHEREAS, the sum of the, claimant's allocations from the state transit assistance fund and from the local transportation fund does not exceed the amount the claimant is eligible to receive during the fiscal year; and WHEREAS, priority consideration has been given to claims to offset reductions in federal operating assistance and the unanticipated increase in the cost of fuel, to enhance existing public transportation services, and to meet high priority regional, countywide, or area -wide public transportation needs; and WHEREAS, the public transit operators have made a reasonable effort to implement the productivity improvements recommended pursuant to Public Utilities Code Section 99244; and WHEREAS, the claimant is not precluded by any contract entered into on or after June 28, 1979, from employing part-time drivers or contracting with common carriers or persons operating under a franchise or license; and WHEREAS, operators are in full compliance with Section 18081.1 of the Vehicle Code, as required in Public Utilities Code Section 99251. Agenda Item 6 7 NOW, THEREFORE BE IT RESOLVED by the Riverside County Transportation Commission to allocate State Transit Assistance Funds for FY 2006/07 as detailed in Attachment 2. This resolution shall take effect immediately upon its passage. APPROVED AND ADOPTED this 12th day of July, 2006. Marion Ashely, Chair Riverside County Transportation Commission ATTEST: Jennifer Harmon, Clerk of the Board RiversideCounty Transportation Commission Agenda Item 6 8 ATTACHMENT RIVERSIDE COUNTY TRANSPORTATION COMMISSION PROGRAM OF PROJECTS FTA SECTION 5307 FY 2006/07 URBANIZED AREA: RIVERSIDE/SAN BERNARDINO Total Apportionment (Projected) Apportionment Carryover Deobligate $156,762 -RIV 050525 - Electronic .Passenger Information System Total Funds Available Less Current Requests Balance Sub Area Allocation Corona, City of Riverside, City of Riverside Transit Agency RCTC's Commuter Rail NUMBER PROGRAM OF PROJECTS Corona, City of 1) Preventive maintenance 2) 3) • 4) 5) 6) Riverside, City of Preventive maintenance DAR (8) replacement vehicles Office equipment & misc. items Expansion of fleet service bay Locator equipment for vehicles Riverside Transit Agency 7) Paratransit vehicle replacement (23 vans) 8) 9) 10) 11) 12) 13) 14) 15) 16) 17) 18) 19) 20) 21) Support vehicle replacement (5 cars & 2 trucks) Debt service payment Bus stop amenities Capital maintenance spares Capitalized tire lease Shop equipment Misc equipment Support facilities - Admin bldg. _ Support facilities - Maintenance Support facilities - yard & shop GFI fareboxes (8 Laidlaw & 5 RTA) APC lease ADP software ADP hardware RCTC's Commuter Rail Bus Rail $7,755,596 $4,455,893 $3,883,191 $12,393,276 $0 $156,762 $11,638,787 $17,005,931 $6,247,698 $5,085,565 $5,421,089 $11,920,366 $145,600 $1,638,000 $4,434,098 $5,085,565 FEDERAL DESIGNATED TOTAL AMOUNT SHARE PROJECT TYPE RECIPIENT $ 182,000 $ 145,600 Capital/Operating SCAG $ 100,000 $ 80,000 Capital/Operating SCAG $ 720,000 $ 598,000 Capital SCAG $ 50,000 $ 40,000 Capital SCAG $ 1,000,000 $ 800,000 Capital SCAG $ 150,000 $ 120,000 Capital SCAG $ 1,334,000 $ 1,107,220 Capital SCAG $ 128,000 $ 102,400 Capital SCAG $ 2,043,275 $ 1,634,620 Capital SCAG $ 135,434 $ 88,000 Capital SCAG $ 298,225 $ 238,580 Capital SCAG $ 220,000 $ 176,000 Capital SCAG $ 154,615 $ 123,692 Capital SCAG $ 14,300 $ 11,440 Capital SCAG $ 56,000 $ 44,800 Capital SCAG $ 62,000 $ 49,600 Capital SCAG $ 217,000 $ 173,600 Capital SCAG $ 172,382 $ 137,906 Capital SCAG $ 60,000 $ 48,000 Capital SCAG $ 560,600 $ 448,480 Capital SCAG $ 62,200 $ 49,760 Capital SCAG Riv-San UZA FY 2006/07 7/6/2006 ATTACHMENT 22) SCRRA Rehab/Renovation - FY 07 RCTC's share $ 1,125,894 $ 405,986 Capital SCAG 23) RCTC's share of OCTA's FY 07 rehab and renovation $ 75,341 $ 75,341 Capital SCAG 24) Eastem Area Maintenance Facility (RCTC's Share) $ 2,261,000 $ 2,261,000 Capital SCAG 25) SCRRA Electronic Passenger Information System $ - $ (156,762) Capital SCAG 26) Perris Valley Line Preliminary. Engineering - FY 07 $ 10,574,800 $ 2,500,000 Capital - _ SCAG TOTAL: $ 21,757,066 $ 11,303,263 Approved: 7/12/2006 (Pending Commission Action) R1v-San UZA FY 2006107 7/6/2006 • 10 • RIVERSIDE COUNTY TRANSPORTATION COMMISSION PROGRAM OF PROJECTS FTA SECTION 5307 FY 2006/07 URBANIZED AREA: TEMECULA/MURRIETA RECIPIENT: RIVERSIDE TRANSIT AGENCY Total Apportionment (Projected) Apportionment $2,193,033 Carryover $1,629,397 i Transfer of Funds (CMAQ) $0 Total Funds Available $3,822,430 I Less Current Requests $2,034,668 Balance (Projected) $1,787,762 NUMBER 1) i 2) TOTAL: ATTACHMENT %, TOTAL FEDERAL PROJECT DESIGNATED PROGRAM OF PROJECTS AMOUNT SHARE TYPE RECIPIENT Capitalized preventive maintenance $ 2,543,335 $ 2,014,321 Operating/Capital SCAG Bus stop amenities $ 135,434 $ 20,347 Capital SCAG $2,678,769 $2,034,668 Approved: 7/12/06 (Pending Commission Action) Temecula/Murrieta UZA FY 2006/07 7/6/2006 11 • • ATTACHMENT 2 RIVERSIDE COUNTY TRANSPORTATION COMMISSION PROGRAM OF PROJECTS FTA SECTION 5307 FY 2006/07 URBANIZED AREA: INDIO/CATHEDRAL CITY/PALM SPRINGS RECIPIENT: SUNLINE TRANSIT AGENCY Total Apportionment (Projected) Apportionment NUMBER $3,491,182 Carryover $483,115 Transfer of Funds (CMAQ) $o Total Funds Available $3,974,297 Less Current Requests $3,466,182 Balance (Projected) $508,115 TOTAL FEDERAL PROJECT DESIGNATED PROGRAM OF PROJECTS AMOUNT SHARE TYPE RECIPIENT 1) Capitalized preventive $1,500,429 $1,200,000 Operating/ SCAG maintenance (RIV 0050550) Capital 1 2) Fixed route vehicles -10 bus $4,095,960 $2,000,000 Capital SCAG expansion 3) Transit enhancements $400,000 $150,000 Capital SCAG 4) Misc. maintenance equipment $200,182 $1116,182 Capital SCAG TOTAL: $6,196,571 $3,466,182 Approved: 7/12/2006 (Pending Commission Action) Indio/Coachella/Palm Springs UZA FY 2006/07 7/6/2006 12 • ATTACHMENT 2 RIVERSIDE COUNTY TRANSPORTATION COMMISSION PROGRAM OF PROJECTS FTA SECTION 5307 FY 2006/07 URBANIZED AREA: HEMET/SAN JACINTO RECIPIENT: RIVERSIDE TRANSIT AGENCY Total Apportionment (Projected) Apportionment Carryover Transfer of Funds (CMAQ) Total Funds Available Less Current Requests Balance (Projected) NUMBER PROGRAM OF PROJECTS i 1) Operating assistance (RIV 050536) TOTAL: Approved: 07/12/06 (Pending Commission Action) TOTAL AMOUNT $1,563,696 -$4,865 $0 $1,558,831 $1,558,831 $0 FEDERAL PROJECT DESIGNATED SHARE TYPE RECIPIENT 4 41,122,362 $ 1,558,831 $ 41,122,362 $ 1,558,831 Operating Caltrans Hemet/San Jacinto FY 2006/07 7/5/2006 13 su0ge0001/ V1S dll L0/900Z Ad Wd 94:Z 909Z/9/L Z6£'£99'S $ SL4189017S $ 000'EE d00'EE 0£9'£LO 099'9L6'v Z9L'999 Z9L'9Z9 L0/900Z Ad 910.92L 9L0'9ZL Z4V699% Zl Z'859'6 009'904'2 009'90 C'L 89S'9LS'9E stv'SL6'L£ ov9'£9z'z OOb'96Z' L s Eo6'ozo' a L0/900Z Ad spund [94e0 d1Y spund 0ui}e4ao0 dl: 111,1WH3V11V bL 'slipne leloueu$ SO/b00Z Ad Pue b0/£00Z Ad }o uopeldwoo Bulpuad luowneag }o A110 ay; Jo) mamba.' uopoone oN a}oN •slsoo 6useJedo }o aleys 5,01021 s! 009'904'L$ 'lunowe ley; }o d121S 10 E awl. 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BACKGROUND INFORMATION: In accordance with regulations of the U.S. Department of Transportation (DOT) and the Federal Transit Administration (FTA); 49 CFR Part 26, the Commission must adopt its DBE annual goal as a condition to receive a commitment for federal financial assistance from the FTA as a direct recipient. The annual goal must be submitted to the FTA by August 1, 2006. On May 9, 2005, a Ninth Circuit Court of Appeals ruling in the State of Washington (Western States Paving Co. vs. Washington State Department of Transportation), established new evidentiary standards necessary to constitutionally support the use of race -conscious DBE goals on federal -aid contracts. In response to this ruling, the FTA issued "Guidance FY 2006 DBE Goal Setting Approval Process and DBE Program Plans." Because the Commission does not have sufficient evidence of 'discrimination or its effects which would support the adoption or implementation of a race -conscious 'DBE goal, the Commission is adopting a wholly race -neutral DBE goal for FFY 2006/07. The Commission shall Agenda Item 8A 16 take affirmative steps to achieve its DBE goal through the use of race -neutral measures. The DOT also expects that recipients who submit an all -race neutral goal for FFY 2006 due to lack of sufficient evidence of discrimination': will gather evidence and conduct a disparity study to determine the presence of discrimination or its effects. The Commission shall comply with this requirement through its participation in the availability study and disparity study being conducted : by Caltrans with an expected completion date of May 2007. For FFY 2006/07, it is proposed that the Annual FTA DBE Goal be 2.90%. Statistics .were based on the U.S_ Census Bureau "County Business :Patterns for 2003, using the North American Industry Classification System (NAILS). As in previous years, staff used statistics within the four -county areas - Los Angeles, Orange, Riverside, and San Bernardino - areas that the Commission draws bids from. The analysis attached to the report details the formula utilized in developing the overall annual goal for the next federal fiscal year. For FFY 2005/06, the Commission set an annual DBE goal of 6.46%. To date, the total percentage of DBE award is 5.98%. The DBE goal was not achievedsince only one of the four projects that were included in the calculation was awarded. The Commission did not attain the goal that it set for FFY 2005/06. For information, the federally-funded\projects awarded were: 1) North Main Corona Parking Structure Amendment No: 2 for PS&E Design. The award and the percentage of DBEs attained for the project are listed below: FISCAL YEAR 2005/06 TOTAL DBE CONTRACT AWARD AND DBE DOLLAR AMOUNT Federal -Aid Project No./ Contractor Total Project' Bid Amount Dollar Amount DBE % DBE Contract No. 06-31-548 $ 915,815 Amendment No. 2 (to Master Agreement 03-31-014) North Main Corona Parking Structure Design Melendez $18,395 2.01 % O'Conner Construction $36,400 3.97% Management TOTAL $915,815 $54,795 5.98% For FFY 2006/07, there is one project receiving, direct FTA funding; Perris Valley Line - Preliminary Engineering and Right -of -Way. It is estimated that the total cost of .the contract is $10,160,000•($8,128,000 FTA funds). Agenda Item 8A 17 A report on the methodology used . to determine the proposed goal and the anticipated projects is an exhibit to the Resolution. It should also be noted that at its May 10, 2006 meeting, the Commission adopted 2.95% as its Annual Anticipated DBE Participation Level (AADPL) for FFY 2006/07 from October 1, 2006 to September 30, 2007 as well as the Caltrans Race -Neutral Disadvantaged Business Enterprise Program Plan which included the DBE Race - Neutral Implementation Agreement for Local Agencies and the Local Agency DBE Annual Submittal Form. The AADPL applies to projects for which the Commission is a sub -recipient of federal funding through Caltrans. The Commission is still required to adopt a DBE goal as applies to FTA funds since the Commission is a direct recipient of such funds from the FTA. Attachment: Resolution No. 06-018 Agenda Item 8A 18 • RESOLUTION NO. 06-018 RESOLUTION OF THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION ADOPTING ITS FEDERAL FISCAL YEAR 2006/07 DISADVANTAGED BUSINESS ENTERPRISE PROGRAM AND GOAL (49 CFR PART 26) AS APPLIES TO FUNDING RECEIVED DIRECTLY FROM THE FEDERAL TRANSIT ADMINISTRATION WHEREAS, the Riverside County Transportation Commission (Commission) adopted its Disadvantaged Business Enterprise (DBE) Program in 1999; WHEREAS, the Ninth Circuit Court of Appeals, in a decision regarding the Washington State Department of Transportation, determined that sufficient evidence must exist to support the use of race conscious measures on federal -aid contracts; WHEREAS, pursuant to Resolution No. 06-012, the Commission adopted the Caltrans race -neutral DBE Program as applies to all federal funding for which the Commission is a sub -recipient through Caltrans; WHEREAS, the Commission is still required, pursuant to 49 CFR Part 26, to adopt a DBE goal and implement its DBE Program as applies to federal funding received by the Commission directly from the Federal Transit Administration (FTA); WHEREAS, the Commission is a direct recipient of FTA funds; WHEREAS, the Commission does not currently have sufficient evidence of discrimination or its effects which would support the adoption or implementation of a race -conscious DBE goal; 19 WHEREAS, in light of the Ninth Circuit ruling and the FTA directive, and in accordance with 49 CFR Part 26, the Commission has utilized all race - neutral methodology in calculating the federal fiscal year (FFY) 2006/07 DBE goal. NOW, THEREFORE, the Riverside County Transportation Commission hereby resolves as follows: SECTION 1. The ;:Riverside County Transportation Commission amends its DBE Program goal for FFY 2006/07 (October 1, 2006 through September 30, 2007). SECTION 2. The Commission goal for FFY 2006/07 shall be 2.90%. SECTION 3. The Commission shall implement a wholly race - neutral DBE program, and shalt take affirmative steps to utilize race -neutral means of meeting its overall goal. ADOPTED this 12' day of July, 2006. Marion Ashley, Chair Riverside County Transportation Commission ATTEST: Jennifer Harmon, Clerk of the Board Riverside County Transportation Commission 20 • • Exhibit "A" DISADVANTAGED BUSINESS ENTERPRISE (DBE) PROGRAM PROPOSED ANNUAL OVERALL GOAL FOR FEDERAL TRANSIT ADMINISTRATION FUNDED PROJECTS I. GOAL METHODOLOGY As required by federal Regulations 49 CFR Part 26, public agencies receiving Federal Department of Transportation -assisted funds must adopt an annual overall DBE goal. Because the Commission does not have sufficient evidence of discrimination or its effects which would support the adoption or implementation of a race -conscious DBE goal, the Commission is adopting a wholly race -neutral DBE goal for FFY 2006/07. The Commission shall take affirmative steps to achieve its DBE goal through the use of race -neutral measures. Also, to comply with the U.S. Department of Transportation's (DOT) expectation that recipients who submit an all -race neutral goal for FFY 2006 due to lack of sufficient evidence of discrimination, the Commission will participate in the availability study and disparity study being conducted by Caltrans with an expected completion date of May 2007. The following methodology was used in establishing a Base Figure for DBE availability for FFY 2006/07: % • NUMERATOR - DBE firms in the four -county area (Riverside, San Bernardino, Los Angeles, Orange) DENOMINATOR — Total number of construction firms, the work category identified within the four -county area based on the more recent available date from the U.S. Census Bureau — 2003 Under the Construction/Consulting Categories, the following lists the number of DBEs in each of the four county areas: CONSTRUCTION CALTRANS DBE CODE NAICS COUNTY CODE COUNTY NO. OF FIRMS 19 037 Los Angeles 12,300 30 059 Orange 6,373 33 065 Riverside 3,938 36 071 San Bernardino 3,142 TOTAL 25,753 21 Of the 25,753 firms, there are 552 identified available DBE firms in the Caltrans DBE directory of firms in the construction work codes that operate within the four - county areas. CONSULTING SERVICE CALTRANS DBE CODE NAILS COUNTY CODE COUNTY NO. OF FIRMS 19 037 Los Angeles 27,664 30 059 Orange 12,184 33 065 Riverside 2,502 36 071 San Bernardino 2,057 TOTAL 44,407 Of the 44,407 firms, there are 1,341 identified available DBE firms in the Caltrans DBE directory of firms in the consultant services work codes that operate within the four -county areas. The following lists the total amount of contracts in each of the Work Category and the projected federal funds for FFY 2006/07. Please note that for this fiscal year, there are no construction awards. WORK CATEGORY AMOUNT OF FY 06-07 t CONTRACTS'. ESTIMATED AMOUNT OF FEDERAL FUNDS % OF FEDERAL FUNDS Consultant Services $10,160,000 $8,128,000 80.00% Construction (Including Materials and Trucking) $0 $0 0% The formula that is provided to determine calculation of DBE goal is as follows. The weighted Base Figure is calculated by first determining the number of ready, willing, and able DBEs in the four counties for the work category shown above, divided by the number of total firms in the category. Using this method determines the availability by the number of firms that have directly participated in, or attempted to participate in, past federally -funded assisted contracting efforts. The application of the formula yields the following baseline information: Number of Ready, Willing and Able DBEs = Base Figure Number of All Ready, Willing and Able Firms 22 • The Base Figure resulting from the calculation is as follows:- A. Construction: 552 = 2.14% 25,753 B. Consulting Services 1,341 = 3.02% 44,407 C. Base Figure Using the percentage of federal ° funds projected to be available for FFY 2006/07 and the percentage of available for each DBEs for, each work category, the result is a base figure of 2,42% 0.0 ( 552 ) + 0.8000( 1,341 ) = 0.0242 25,753 44,407 II. . ADJUSTMENTS TO THE BASE FIGURE: Staff reviewed and assessethother known relevant evidence to determine what additional adjustments, if any, were needed to adapt the Base Figure to the four -county area marketplace. Several factors as outlined under Title 49 were considered to see if there was a need to adjust the base goal. In reviewing last year's goal, the Commission set a 6.46% annual goal based on the DBEs available in the four -county -area. In awarding its federally - funded projects for this fiscal year, the Commission awarded 5.98% to DBEs. Staff is recommending that an adjustment be made to the base figure using the difference of its FFY 2005/06 annual goal and the attained percentage: to date, which is 0.48%. With the adjustment, the base figure and the proposed goal for FFY 2006/07 .is 2.90%. III. ANTICIPATED PROJECTS FOR FISCAL YEAR 2006-2007 The following project represents the projected Federal Transit Administration (FTA) funded contracts for DBE Federal Fiscal Year beginning October 1, 2006 through September 30, 2007. 23 A. Perris Valley Line Scope of Work - Preliminary Engineering for the San Jacinto Branch Rail line Downtown Riverside for the extension Service. Estimated Total Amount of Contract: Estimated federal funds: and Right -of -Way Acquisition from the City of Perris to of Metrolink Commuter Rail $10,160, 000 $ 8,128,000 IV. UTILIZATION OF RACE/GENDER-NEUTRAL METHOD Staff foresees meeting the proposed 2.90% goal utilizing :race -neutral methods by: 1) making efforts to ensure that the Request for Proposals (RFPs) and Invitation for Bids (IFBs) process and thecontracting requirements facilitate participation by DBEs and other small businesses; 2) encouraging the prime consultant and contractors to subcontract portions of the work to DBEs; 3) distributing the RFPs and IFBs to organizations that represent and assist DBEs; and, 4) listing the RFPs and IFBs on the Commission website www.rctc.org. V. PUBLIC NOTICE IN SETTING OVERALL ANNUAL DBE GOAL As required, the Notice informs the public of the proposed goal and rationale for setting the goal and availability for inspection at the Commission offices for 45 days following the date of the Public Notice. Public comments on the proposed annual goal will be accepted for 45 days from the date of the Public Notice. The Notice was published on June 15,>2006. The adopted FFY: 2006/07 annual DBE goal and supporting documentation must be submitted to the FTA by August 1, 2006. ` VI. ESTABLISHMENT OF GOAL Basedon the information presented, if is proposed that the Commission's overall DBE goal for FFY'2006/07 be established at 2.90%, - 24 AGENDA ITEM 8B • RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Executive Committee Michele Cisneros, Accounting and Human Resources Manager THROUGH: Eric Haley, Executive Director SUBJECT: Equal Opportunity Policy, Harassment -Free Workplace Policy, Violence in the Workplace Policy, Drug -Free Workplace Policy, , and Electronic Communications Policy EXECUTIVE COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to receive and file the revised Equal Opportunity Policy, Harassment -Free Workplace Policy, Violence in the Workplace Policy, Drug Free Workplace Policy, and Electronic Communications Policy. BACKGROUND INFORMATION: In 2005, staff contracted with Suzianne Kozma, Human Resources Consultant, to evaluate the Commission's workplace policies and provide recommendations for improvement. As a result of the evaluation, the policies have been developed to reflect current statutes and standard employment practices. Legal counsel has reviewed and approved these policies. These policies have been incorporated in their entirety in the revised Personnel Policies and Procedures Manual that was approved by the Executive Committee on June 14, 2006. Additionally, the Executive Committee adopted Resolution No. 06-013, "Resolution of the Riverside County Transportation Commission Adopting Personnel Policies and Procedures Manual': These policies are applicable to Commission staff as well as Commissioners. Attachments: 1) Equal Opportunity Policy 2) Harassment -Free Workplace Policy 3) Violence in the Workplace Policy 4) Drug -Free Workplace Policy 5) Electronic Communications Policy 6) Resolution No. 06-013 Agenda Item 8B 25 SECTION 1.4 EQUAL EMPLOYMENT OPPORTUNITY (EEO) PROGRAM Section 1.4.1 General Provisions Section 1.4.1.1 Purpose The purpose of this policy is to establish an equal employment opportunity program for all applicants and employees of RCTC. Section 1.4.1.2 Prior Policies Repealed In the event that the terms and provisions of this Policy are inconsistent or in conflict with the terms and provisions of any prior RCTC personnel policy and procedures, resolutions, rules and regulations governing the same subject, the terms of this Policy shall prevail and such inconsistent or conflicting provisions or prior resolutions, rules and regulations are hereby repealed. Section 1.4.1.3 Term of Policy This Policy takes effect when adopted by the RCTC. The Policy shall remain in effect unless repealed, in whole or part, by the RCTC. Notwithstanding the foregoing, the RCTC's Executive Committee may, in its sole discretion, add to, delete or otherwise modify this Policy. Section 1.4.2 Policy Defined, Section 1.4.2.1 Policy It is the policy of RCTC to provide equal employment opportunity to all applicants and employees. RCTC does not unlawfully discriminate on the basis of race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), national origin, ancestry, age (40 and over), physical or mental disability, legally protected medical condition, family care status, veteran status, marital status, sexual orientation, or any other basis protected by state or federal laws. Section 1.4.2.2 Policy Application RCTC's Equal Employment Opportunity Policy (EEO Policy) applies to all areas of employment including recruitment, selection, promotion, termination, transfer, layoff, compensation, benefits, training, performance evaluations and other personnel actions, procedures and examinations. Section 1.4.2.3 Responsibility Assignments It is the responsibility of every manager and employee to conscientiously follow the EEO Policy. 1 26 Section 1.4.3 Applicants and Employees with Disabilities Section 1.4.3.1 Non -Discrimination It is the policy of RCTC not to discriminate on the basis of disability .for employment. It is the intent of RCTC to provide disabled employees with a bias free work environment. RCTC will provide reasonable accommodation in compliance with the Americans with Disabilities Act (ADA) and the Fair Employment and Housing Act ("FEHA"). Reasonable effort will be made to provide an accessible work environment. Section 1.4.3.2 Interactive Process RCTC will engage in the interactive process, as defined by the ADA and FEHA, to determine whether an applicant or employee is able to perform his/her essential functions. If the employee or applicant cannot perform the essential functions of his/her position, RCTC will examine possible reasonable accommodations that will make it possible for the employee or applicant to so perform. Such interactive process will include a meeting with the employee or applicant and RCTC. 2 27 • SECTION 11 HARASSMENT -FREE WORKPLACE POLICY Section 11.1 General Provisions Section 11.1.1 Purpose The purpose of this Harassment -Free Workplace Policy (Policy) is to ensure that all employees, contract workers, volunteers, and commissioners are aware of their rights and responsibilities with regard to the prevention of harassment in the workplace, and that the RCTC workplace is free from harassment. Section 11.1.2 Prior Policies Repealed In the event that the terms and provisions of this Policy are inconsistent .or in conflict with the terms and provisions of any prior RCTC personnel policy and procedures, resolutions, rules and regulations governing the same subject, the terms of this Policy shall prevail and such inconsistent or conflicting provisions or prior resolutions, rules and regulations are hereby repealed. Section 11.1.3 Term of Policy This Policy takes effect when adopted by the RCTC. The Policy shall remain in effect unless repealed, in whole or part, by the RCTC. Notwithstanding the foregoing, the RCTC's Executive Committee ray, in its sole discretion, add to, delete or otherwise modify this Policy. Section 11.1.4 Violation of Policy Violation of the provisions of this Policy by an employee may subject the employee to disciplinary action, up to and including discharge from employment. Violation of the provisions of this Policy by any person who is not an RCTC employee may subject that person to appropriate administrative action. Section -1-1.1.5 Distribution of Policy A copy of this Policy shall be distributed to each employee, contract worker, volunteer, and commissioner. Section 11.2 Harassment -Free Environment All employees are entitled to a work environment free from harassment. Discriminatory treatment occurs when an individual uses a protected class as a basis for an adverse employment action or decision. Behavior constitutes harassment when it is unwelcome and unsolicited, offends or otherwise causes distress, and is undertaken because of an individual's protected status. 28 3 Harassment creates a negative atmosphere that reduces work productivity and morale, undermines the integrity of the workplace, and destroys professionalism. Harassment includes any unwelcome unsolicited and/or unwanted behavior towards coworkers, subordinates, supervisors, or volunteers, which offends, humiliates, embarrasses, intimidates, or otherwise causes distress because of a person's race, color, creed, religion, sex, national origin, age (40 or older), disability, marital status, ancestry, medical condition (e.g., AIDS/HIV, history of cancer), pregnancy, and sexual orientation. Examples include: the use of derogatory comments, slurs, jokes, pictures, cartoons, or posters: Section 11.2.7 Good Faith Employment Actions Good faith employment actions do not constitute harassment. Thus, good faith personnel actions taken by a supervisor or manager, such as: offering constructive feedback or criticism, holding employees accountable, and providing discipline, where appropriate, do not constitute, and. should not be mistaken for, harassment or retaliation. Such actions are intended to enhance workplace productivity and/or address work performance, and are within the responsibilities and obligations of RCTC supervisors and managers. Section 11.2.8 Response to Harassment Allegations RCTC has a prompt response policy on allegations of harassment. Thus, every report of an alleged incident of harassment in the workplace will be subjectedto appropriate investigation. The reskilt of such investigative action may range from informal; counseling to disciplinary action for employees, up to and including discharge from employment, the first time they engage in such inappropriate behavior. Prior incidents of harassment may be considered when assessing the facts and circumstances of a later complaint. The result of such investigation may result in administrative action affecting a non -employee's relationship with the RCTC. Section 11.2.9 Support of Policy Every employee, volunteer, and commissioner is expected to support and enforce this Policy. Supervisors and managers who observe or know of a harassing situation, and who fail to take corrective action, may be disciplined even if the harassment did not take place in their work unit. Section 11.3 Sexual Harassment Section 11.3.1 Sexual Harassment Sexual harassment is a particular form of harassment, which is most prevalent in workplaces, that ;creates an offensive working environment. Sexual harassment is unprofessional and not supportive of a high performing work environment. With regard to sexual harassment, as with other forms of harassment, the ROTC has a prompt response policy on all allegations of harassment. 4 • • 29 • Section 11.3.2 Sexual Harassment Defined A. Harassment may consist of offensive verbal, physical, or visual conduct when such conduct is based on or related to an individual's sex, Submission to the offensive conduct is an explicit or implicit term or condition of employment; and Submission to or rejection of the offensive conduct forms the basis for an employment decision affecting the employee; or The offensive conduct has the purpose or effect of unreasonably interfering with an individual's work performance or creates an intimidating, hostile, or offensive working environment. B. Sexually harassing conduct can occur between people of the same or opposite sex. Sexual harassment can occur between peers, supervisor to subordinate, subordinate to supervisor, member of the governing body or the public to employee, and within or across department lines. C. Written examples of sexual harassment may include letters, e-mails, notes, invitations, which may be perceived as suggestive or obscene. D. Examples of what may constitute prohibited harassment include, but are not limited to, the following: •- Kidding or joking about sex; • Recounting one's sexual exploits; • Starting or spreading rumors about the sex life of an employee; • Hugs, pats, touching, massaging, and similar physical contact; • Assault, impeding or blocking movement, or any physical interference with normal work or movement; • Revealing parts of the body when such exposure violates common decency; • Sexually suggestive or explicit gestures; • Cartoons, posters, and other materials referring to sex; • Threats intended to induce sexual favors; • Continued suggestions or invitations to social 'events outside the workplace after being told such suggestions are unwelcome; • Degrading words or offensive terms of a sexual nature; • Prolonged staring or leering at a person. Section 11.3.3 Policy is Broader than Law 5 30 Although actions may not rise to the level of a violation of law, they may still violate this Policy. Section 11.3.4 Performance Evaluations Job performance evaluations for supervisors and managers should. include a review of their support of this Policy. Section 11.4 Violation Reporting Section 11.4.1 Reporting a Violation to RCTC Any employee who believes this Policy is being violated should immediately bring the matter to the attention of any of the individuals or offices listed below: • Human Resources Manager • Deputy Executive Director • Executive Director A potential violation involving the Executive Director should be immediately reported to the Human Resources Manager or Deputy Executive Director. The Human Resources Manager or Deputy Executive Director will immediately consult the Commission Chairperson. Section 11.4.2 Reporting a Violation to External Agencies In addition to the internal reporting procedure, an employee may file a complaint directly with the following external agencies: • State of California Department of: Fair Employment and Housing (DFEH) as listed in the State Government Offices pages of the telephone directory; • Federal Equal Employment Opportunity Commission (EEOC) as listed under "Discrimination" in the United States Government pages of the telephone directory. Section-11.4.3, ,Confidentiality When responding to a report of a Policy violation, RCTC will make a reasonable effort to protect the privacy of the individuals involved. However, anonymity and complete confidentiality cannot be guaranteed once a complaint is made, or when inappropriate behavior is made known. While an individual's expressed desire regarding confidentiality will be seriously considered, those wishes must be weighed against the responsibility of the RCTC to investigate possible violations of this. Policy and to take corrective and preventive action where appropriate. Information pertaining to complaints .will be maintained in confidence to the fullest extent of the law. 6 31 Section 11.5 Retaliation Section 11.5.1 Retaliation Prohibited Retaliation toward an employee for reporting an alleged violation of this Policy or for participating in an investigation regarding violations of this Policy is unlawful and will not be tolerated. Supervisors and managers are reminded that employees have a right and obligation to report what they believe is a violation of this Policy. Thus, RCTC will not tolerate harassment of employees for fulfilling their obligations under this Policy. Moreover, even subtle retaliation will not be permitted. Such retaliation may include: a change in work assignment or location, uncharacteristically denying leave requests, uncooperativeness toward the person who is the object of the retaliation, unsupported discipline, etc. 7 32 I • SECTION 12 VIOLENCE IN THE WORKPLACE POLICY Section 12.1 General Provisions Section 12.1.1 Purpose The purpose of this Violence in the Workplace Policy (Policy) is to ensure that all employees, contract workers, volunteers, and commissioners are aware of their rights and responsibilities with regard to the prevention of violence in the workplace, and that the RCTC workplace is free from violence. Section 12.1.2 Prior Policies Repealed In the event that the terms and provisions of this Policy are inconsistent or in conflict with the terms and provisions of any prior RCTC personnel policy and procedures, resolutions, rules and regulations governing the same subject, the terms of this Policy shall prevail and such inconsistent or conflicting provisions or prior resolutions, rules and regulations are hereby repealed. Section 12.1.3 Term of Policy This Policy takes effect when adopted by the RCTC. The Policy shall remain in effect unless repealed, in whole Qqr part, by the RCTC. Notwithstanding the foregoing, the RCTC's Executive Committee May, in its sole discretion, add to, delete or otherwise modify this Policy. Section 12.1.4 Distribution of Policy A copy of this Policy shall be distributedto each employee, contract worker, volunteer, and commissioner. Section 12.1.5 Support of Policy Every employee, volunteer, and commissioner is expected to support and enforce this Policy. Section 12.2 Zero Tolerance Section 12.2.1 Violence -Free Environment RCTC is strongly committed to ensuring the safety of all its employees and has adopted a "Zero Tolerance Policy" for workplace violence. Consistent with this policy, threats or acts of physical violence, including intimidation, harassment and/or coercion which involves or affects RCTC employees will not be tolerated. 33 8 Section 12.3 Acts or Threats of Violence Section 12.3.1 Acts or Threats of Violence Defined: "Threats or acts of violence" include conduct against persons or property that is sufficiently severe, offensive, or intimidating to alter the employment conditions, or to create a hostile, abusive, or intimidating work environment for an employee of RCTC. Although RCTC has a strong commitment to customer service, RCTC does not intend for employees to be subjected to verbal or physical abuse. Section 12.3.2 Prohibited Conduct to: General examples of prohibited workplace violence include, but are not limited A. Hitting, shoving or otherwise assaulting an individual; B. Threatening to harm an individual or his/her family, friends, associates or their property; C. Possession of firearms, weapons, or any other dangerous devices on RCTC premises or in RCTC's owned or operated vehicles; Making harassing of threatening telephone calls, letters or other forms of written or electronic communications; E. intimidating or attempting to coerce an employee to do wrongful acts that would affect the business interests of RCTC; F. Harassing surveillance or stalking, which is engaging in a pattern of conduct with the intent to follow, alarm, or harass another individual, that presents a credible threat to the individual and causes that individual to fear for his/her safety or the safety of his/her immediate family; G. Making a suggestion or otherwise intimating that an act to injury persons or property is appropriate behavior. Section 12.4 Reporting Procedure Section 12.4.1 Reporting a Violation An employee who believes that he/shehas been the victim of workplace related violence or a threat of workplace related violence shall immediately report such to his/her supervisor or to a supervisory or management level employee if the immediate supervisor is not available. Any employee who has knowledge of an incident of workplace related 9 34 • • violence or a threat of workplace related violence must immediately report it to his or her immediate supervisor or any other supervisory or management level employee. Even without an actual threat, employees should report any behavior they have witnessed which they regard as threatening or violent, when that behavior is job related or might be carried out on an RCTC controlled site. Section 12.4.2 Response to Allegations Every report of an alleged incident of violence in the workplace will be subjected to appropriate investigation. The result of such investigative action may range from informal counseling to disciplinary action for employees, up to and including discharge from employment, the first time they engage in such inappropriate behavior. The result of such investigation may result in administrative action affecting a non -employee's relationship with the ROTC. RCTC may also seek a temporary restraining order or injunction on behalf of its employees if the situation warrants such action. Section 12.5 Disciplinary Action Section 12.5.1 Violation of Policy Violation of the provisions Hof, this Policy by an employee may subject the employee to disciplinary action, up to and including discharge from employment. Violation of the provisions of this Policy by any person who is not an RCTC employee may subject that person to appropriate legal or administrative action as appropriate. Section 12.6 Retaliation Section 12.6.1 Retaliation Prohibited Retaliation toward an employee for reporting an alleged violation of this Policy, furnishing information, or for participating in any manner in an investigation regarding violations of this Policy is prohibited and will not be tolerated. Section 12.7 Training Section 12.7.1 Employee Training All employees shall receive training and instruction via video, written materials and/or other means on workplace security practices on a recurring basis both as new hires and during annual training. 10 35 • SECTION 13 DRUG -FREE WORKPLACE POLICY section 13.1 General Provisions Section 13.1.1 Purpose It is the intent RCTC to maintain a workplace that is free of drugs and alcohol and to discourage drug and alcohol abuse by its employees. The RCTC has a vital interest in maintaining safe and efficient working conditions for its employees. Substance abuse is incompatible with health, safety, efficiency, and success at the ROTC. Employees who are under the influence of a drug or alcohol on the job compromise the RCTC's interests, endanger their own health and safety and the health and safety of others, and can cause a number of other work related problems, including absenteeism and tardiness, substandard job performance, increased workloads for co-workers, behavior that disrupts other employees, delays in the completion of jobs, inferior quality in products or service, and disruption of customer relations. To further its interest in avoiding accidents, to promote and maintain safe and efficient working conditions for its employees, and to protect its business, property, equipment and operations, the RCTC has established this policy concerning the use of alcohol and drugs. As a condition of continued employment with the RCTC, each employee must abide by this policy. The purpose of this DrugAfree Workplace Policy (Policy) is to ensure that all employees, contract workers, volunteers, and commissioners are aware of their responsibilities with regard to the prevention of drug and alcohol abuse in the workplace, and that the RCTC workplace is drug -free. Section 13.1.2 Prior Policies Repealed In the event that the terms and provisions of this Policy are inconsistent or in conflict with the terms and provisions of any prior RCTC personnel policy and procedures, resolutions, rules and regulations governing the same subject, the terms of this Policy shall prevail and such inconsistent or conflicting provisions or prior resolutions, rules and regulations are hereby repealed. Section 13.1.3 Term of Policy This Policy takes effect when adopted by the RCTC. The Policy shall remain in effect unless repealed, in whole or part, by the RCTC. Notwithstanding the foregoing, the RCTC's Executive Committee may, in its sole discretion, add to, delete or otherwise modify this Policy. Section 13.1.4 Distribution of Policy 36 11 A copy of this Policy shall be distributed to each employee, contract worker, volunteer, and commissioner. Section 13.1.5 Support of Policy Every employee, volunteer, and commissioner is expected to support and enforce this Policy. Section 13.2 Definitions: For purposes of this policy: Section 13.2.1 Abuse of any Legal Drug The use of any legal drug: (a) for any purpose other than the purpose for which it was prescribed or manufactured; or (b) in a quantity, frequency, or manner that is contrary to the instructions or recommendations of the prescribing physician or manufacturer. Section 13.2.2 Controlled Substance Any drug that is classified by the Drug Enforcement Administration into the five schedules or classes on the basis of their potential for abuse. These include, but are not limited to, marijuana, amphetamines, opiates, phencyclidine (PCP), and cocaine. Section 13.2.3 Illegal Drug A controlled substance; a Idgal drug which has not been legally obtained; or a legal drug which was legally obtained, but that is being sold or distributed unlawfully. Section 13.2.4 Legal Drug Any drug, including any prescription drugor over-the-counter drug that has been legally obtained and this is not unlawfully sold or distributed. Section 13.2.5 Possession An employee who has a prohibited substance on his/per person or otherwise under his/her control. Section 13.3 Scope Section 13.3.1 Scope of Policy The prohibitions and other provisions of this policy apply whenever the interests of the RCTC may be adversely affected, including any time the employee is: A. On RCTC premises; 12 • 37 B. Conducting or performing RCTC business, regardless of location; C. Operating or responsible for the operation, custody or care of RCTC equipment or other property; or D. Responsible for the safety of others. Section 13.4 Prohibited Conduct Section 13.4.1 Alcohol The following acts are prohibited and subject an employee to discipline, up to and including discharge from employment: A. The use, possession, purchase, sale, manufacture, distribution, transportation, or dispensation of alcohol in circumstances described in Section 13.3.1, Scope; or B. Being under the influence of alcohol. Section 13.4.2 Illegal Drugs The following acts are prohibited and subject an employee to discipline, up to and including discharge from employment: A. The use, possession, purcase, sale, manufacture, distribution, transportation; or dispensation of any illegal drug or other controlled substance; or B. Being under the influence of any illegal drug or other controlled substance. Section 13.4.3 Legal Drugs The following acts are prohibited and subject an employee to discipline, up to and including discharge from employment: A. The abuse of any legal drug; B. The purchase; sale, manufacture, distribution, transportation, dispensation, or possession of any legal prescription drug in a manner inconsistent with law; or C. Working while using a legal drug whenever such use might: (1) Endanger the safety of the employee or some other person; (2) Pose a risk of significant damage to RCTC property or equipment; or (3) Substantially interfere with the employee's job performance or the efficient 13 38 operation of the RCTC's business or equipment. Section 13.5 Alcohol/Drug Testing When a supervisor or manager has a reasonable suspicion that an employee is using or is under the influence of drugs or alcohol in violation of this policy, that employee may be required to submit to a blood, urine, or other test or examination designed to detect such use. If an employee refuses to consent and submit to, or fails to otherwise cooperate in, the testing/examination process where job -related drug or alcohol use is reasonably suspected, the employee will be subject to discipline, up to and including; discharge. Section 13.5.1 Discretion Not to Discharge 1n circumstances other than those described in Section 13.4.1, the Executive Director may choose not to initiate the disciplinary process for termination for a first violation of this policy if the employee satisfactorily completes participation in an approved drug or alcohol assistance or rehabilitation program. Section 13.5.2 Last Chance Agreement The RCTC may also allow an employee to enter into a Last Chance Agreement, in lieu of termination, the terms of which shall be established by the RCTC in its sole discretion. The Last Chance Agrment may include, but is not limited to the following: A. An employee must agree to `undertake and to complete successfully,a course of treatment as deemed appropriate by the substance abuse professional and/or rehabilitation program counselor. Any employee who fails to successfully complete the program in a timely manner and/or fails to remain drug free will be terminated in accordance with the Last Chance Agreement. B. As part of the terms of the referral, employee agrees that the substance abuse professional, Employee Assistance Program, or rehabilitation counselor will report to Human Resources any failure on the part of the employee to cooperate in the rehabilitation program or to progress through the program. C. Nothing in this subsection should be construed to prohibit the RCTC from terminating an employee for his/her first violation of this policy, when in the discretion of the Executive Director, such termination is warranted by the circumstances. Section 13.5.3 Criminal Conviction An employee who is convicted under a criminal drug statute for a violation occurring in the workplace or during any RCTC related activity or event will be deemed to have violated this policy. 14 • 39 Section 13.5.4 Effect of Second Violation A second violation of this policy at any time will result in initiation of the disciplinary process for termination. Section 13.6 Disciplinary Action Disciplinary action will be subject to Section 8. Section 13.7 Drug -Free Awareness Program Section 13.7.1 Employee Awareness As required by state and federal law, the RCTC has established a Drug -Free Awareness Program that is designed to inform employees about the dangers of drug abuse in the workplace and to help assure that employees are familiar with this policy. From time to time, RCTC will provide drug -free workplace training, including current information about the RCTC's Employee Assistance Program. Section 13.7.2 Management Awareness Managers and supervisors should be attentive to the performance and conduct of those who work with them and should not permit an employee to work in an impaired condition or otherwise in violation of this policy. Section 13.7.3 Criminal Convictions Employees are required by this policy to notify the RCTC of any conviction under a criminal drug statute for a violation occurring in the workplace of during any. RCTC related activity or event, not later than five (5) days after any such conviction. When required by federal law, the RCTC will notify any federal agency with which it receives funds of any employee who has been convicted under a criminal drug statute for a violation occurring in the workplace. Section 13.8 Use of Legal Drags Section 13.8.1 Prescribed Legal Drug The RCTC recognizes that employee may, from time to time, be prescribed legal drugs that, when taken as prescribed or according to the manufacturer's instructions, may result in their impairment. Employees may not work while impaired by the use of legal drugs if the impairment might endanger the employee or someone else, pose a risk of significant damage to RCTC property, or substantially interfere with the employee's job performance. If an employee is impaired by the appropriate use of legal drugs, he/she may not report to work. To accommodate the absence, the employee may use accrued sick leave or vacation. Nothing in this policy is intended to sanction the use of accrued sick leave or vacation time to accommodate absences due to the abuse of legal drugs. - 15 40 Section 13.9 Unregulated or Unauthorized Conduct Section 13.9.1 Customary Use of Over the Counter Drugs Nothing in this policy is intended to prohibit the customary and ordinary purchase, sale, use, possession, or dispensation of over the counter drugs, so long as that activity does not violate any law; or result in an employee being impaired by the use of such drugs in violation of this policy. Section 13.9.2 Off the Job Conduct This policy is not intendedto regulate off the job conduct, so long as the employee's off the job use of alcohol or drugs does not result in the employee being under the influence of or impaired by the use of alcohol or drugs in violation of this policy. Section 13.10 Confidentiality Section 1.3.10.1 Disclosures to Human Resources Disclosures made by employees to Human Resources concerning their use of legal drugs will be treated confidentially and will not be revealed to managers or supervisors unless there is an important work related reason to do so in order to determine. whether it is advisable for the employee to continue working. Disclosures made by employees to Human Resources concerning their participation in any drug or alcohol rehabilitation program will be treated confidentially. Section 13.11 Counseling/Employee Assistance Section 13.11.1 Employee Assistance RCTC maintains an Employee Assistance Program which provides help to employees who seek assistance for drug or alcohol abuse as well as for other personal problems. Employees who suspect they may have alcohol or drug problems are encouraged to voluntarily seek diagnosis and to follow through with the treatment as prescribed by qualified professionals. Employees who seek assistance could still be subject to disciplinary action if policies have been violated. 16 • 41 • SECTION 16 ELECTRONICS COMMUNICATIONS POLICY Section 16.1 General Provisions Section 16.1.1 Purposes and Scope The purpose of this Electronic Communications Policy (Policy) is to ensure that all employees, contract workers, volunteers, and commissioners are aware of the authorized and unauthorized uses of the RCTC electronic communications resources, as defined herein, as well as disclosure of contents and records stored on the electronic communications resources. Section 16.1.2 Electronic Communications Resources Defined Electronic communications resources include all equipment and software that retain, transmit, copy, modify, analyze or process information in any form. Electronic communications resources include, but are not limited to, the RCTC's telephone system, voice mail system, mainframe computers, desktop and laptop computers, computer networks, printers, scanners, facsimile (fax) machines, databases, cellular phones, personal digital assistants (PDAs), Internet access; internet browsers; utilities and operating systems and other electronic communications systems provided by the RCTC. Section 16.1.3 Prior Policies Repealed In the event that the terms and provisions of this Policy are inconsistent or in conflict with the terms and provisions of any prior RCTC personnel policy and procedures, resolutions, rules and regulations governing the same subject; the terms of this Policy shall prevail and such inconsistent or conflicting provisions or prior resolutions, rules and regulations are hereby repealed. Section 16.1.4 Term of Policy This Policy takes effect when adopted by the RCTC. The Policy shall remain in effect unless repealed, in whole or part, by the RCTC. Notwithstanding the foregoing, the RCTC's Executive Committee may, in its sole discretion, add to, delete or otherwise modify this Policy. Section 16.1.5 Violation of Policy Violation of the provisions of this Policy by an employee may subject the employee to disciplinary action, up to and including discharge from employment. Violation of the provisions of this Policy by any person who is not an RCTC employee may subject that person to appropriate administrative action. Section 16.1.6 Distribution of Policy 42 17 A copy of this Policy shall be distributed to each employee, contract worker, volunteer, and commissioner. Section 16.2 Ownership, Authorization and Privacy Section 16.2.1 Ownership E-mail, fax, telephonic voice mail, cellular phones, internal RCTC websites, Internet access and other electronic communications systems and resources are provided for the purpose of, conducting official business. All electronic communications of any type generated by employees with RCTC equipment or stored on RCTC equipment are the property of the RCTC and, therefore, are not considered private. Upon termination of employment, no employee shall remove any software or data from RCTC-owned or leased computers. Section 16.2.2 Authorization Access to the RCTC's electronic communication resources is, within the sole discretion of the ROTC. Generally, employees are given access to the RCTC's various technologies based on their job functions. Only employees whose job performance will benefit from the use of the electronic communication resources will be given access to the necessary technology. Section 16.2.3 No Expectation of Privacy All electronic communication resources remain the property of RCTC and are primarily for official RCTC use; therefore, employees shall have no expectation of privacy in; documents or other materials they write, receive, store or send when using these resources. All internal employee transactions andtransactions on the Internet from RCTC computers, including a -mail, may be considered public information and records of these transactions may be requested by anyone at any time, subject to certain Public Records Act exceptions and attorney -client privilege material. The RCTC recognizes that there may be incidental occasional personal use of cellular phones, e-mail, or voice mail, but these messages will be treated the same as other messages. Since personal messages can be accessed by the RCTC management without prior notice, employees should not use e-mail or voice mail to transmit messages they do not want read or listened to by a third party. Section 16.3 Disclosure Section;16.3.1 Access and Disclosure RCTC officials reserve the right to access and disclose all products, materials and contents of the electronic communications systems and resources for any purpose, Access and disclosure may occur because of situations indicating impropriety, violation of 18 • • 43 • RCTC policies, legal requirements, suspected criminal activities, breach of system security, to monitor employee performance and conduct or for any other reason RCTC deems appropriate. Section 16.4 Prohibited Uses Section 16.4.1 Prohibited Uses of Electronic Communications Resources Prohibited uses of the RCTC's electronic communications resources include, but are not limited to the following: • Installing programs on the RCTC's computer system without prior written consent of the Clerk of the Board; • Unauthorized coping of RCTC software programs for personal use. No employee shall install pirated, personal or non -licensed software, data, entertainment software, music or games on RCTC-owned or leased PCs, laptops, or PDAs, or violate any copyright or licensing software laws; • Using another employee's password to attempt to gain access to that employee's computer, e-mail, mobile messaging, telephonic voice mail, internet access or other electronic communications system or resources without prior consent of their Department Director or the Clerk of the Board; i • ` Connecting computers notowned or leased by the RCTC to RCTC's information systems network without the prior written consent of the Clerk of the Board; • Disclosing access codes, log -on or passwords or otherwise making the RCTC electronic resources available to persons not authorized to have such access; • Using RCTC computer resources for private business or commercial uses not intended to benefit the RCTC; • Violating any federal, state or local laws in the use of RCTC electronic communications systems. Section 16.5 Authorized Use of E-mail and Telephone Systems Section 16.5.1 Policy for Use of E-mail and Telephone System It is the policy of RCTC that e-mail systems will be used primarily for official business. Personal use shall be limited to those actions authorized herein. E-mail communication is not private or confidential; therefore, E-mail users shall operate on the assumption that e-mail may be, in addition to monitoring by RCTC, subject to discovery in a court proceeding. RCTC does understand that employees occasionally need to use the telephone . 44 19 system to make or receive personal calls. The employee should attempt to make personal calls during non -working hours (meal period or breaks) or a time that does not interrupt the flow of work within the department. Personal phone calls shall not reduce the employee's job performance. Excessive use of the RCTC phone system for personal calls is prohibited and may lead to disciplinary action. Users may use the RCTC's e-mail and telephone systems for the following incidental and personal uses so long as such use does not interfere with the user's duties, does not conflict with RCTC's business, is at no cost to RCTC, and does not violate either this or any other RCTC policy: • To send and receive occasional personal e-mail and other communications; • To use the telephone system for brief and necessary personal calls, at the caller's expense for toll calls. Section 16.6 Guidelines for the Use of E-mail Section 16.6.1 Use of E-mail The RCTC provides electronic mail for business purposes as necessary and desirable to meet RCTC organizational needs and goals. RCTC considers e-mail as an important means of communication and recognizes the 'importance of proper e-mail content and timely replies in conveying a professional image and delivering good customer service. Users should to'Xe the same care in drafting an e-mail as they would for any other communication. Section 16.6.2 Prohibited Use The following unacceptable uses of the RCTC's electronic mail system include, but are not limited to: • Sending threatening, abusive, obscene, offensive, lewd, profane or harassing messages; • Sending messages that violate the RCTC's Sexual Harassment Policy; Sending "chain letters" or similar correspondence; • Sending copies of documents in violation of copyright laws; Any other use that would be deemed inappropriate for a business office. Section 16.7 Web Internet Usage Section 16.7.1 Purpose 20 45 • The purpose of the Internet is to distribute information to public constituencies or to research various RCTC related matters. During business hours, an employee's Internet access is for business -related purposes. However,: employees may use the Internet for non -business research or browsing during meal periods, breaks or outside of work hours, provided that users adhere to all RCTC policies. All existing RCTC policies apply to an employee's conduct on the Internet, including but not limited to those that deal with privacy, misuse of RCTC property, harassment, and confidentiality. Section 16.7.2 Improper Use of the Internet Listed below are examples of prohibited uses of the RCTC Internet system. This list is not exhaustive and common sense and good judgment should be used in determining whether the user is engaging in an activity that will violate this policy. If an employee has a question regarding whether an activity is permitted, he/she shall get the permission of his/her Department Director, Manager or Supervisor before proceeding with the Internet activity. Examples of Inappropriate/Prohibited Use: • Generating, sending, requesting, receiving or archiving material in any form which contains any comment or image that is discriminatory, offensive, defamatory or harassing in nature; • Displaying sensitive or offensive material resulting in a perceived "hostile environment" to coworkers; • Conducting personal business from the RCTC's server, i.e., placing or advertising items for sale, except in the designated Intranet site provided by the RCTC for this purpose; • Conducting illegal activities (e.g. gambling, placing wagers or bets, etc.); • Copyright infringement, unauthorized downloading or forwarding of protected information. Section 16.8 Security and Audits Section 16.8.1 Security Devices RCTC has installed a variety of programs and devices to ensure the safety and security of the RCTC's Electronic communications resources. Any employee found tampering or disabling any of the security devices will be subject to disciplinary action, up to and including discharge from employment. Section 16.8.2 Audits 46 21 RCTC may perform auditing activity or monitoring to determine compliance with these policies. Audits of software and data stored on the electronic communications resources may be conducted without notice at any time. 22 47 77078 RESOLUTION NO. 06-013 RESOLUTION OF THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION ADOPTING PERSONNEL POLICIES AND PROCEDURES MANUAL WHEREAS, the Commission has previously adopted personnel rules and regulations establishing the terms and conditions of employment the Commission; and WHEREAS, the Commission wishes to update its personnel rules and regulations; NOW, THEREFORE, be it resolved by the Riverside County Transportation Commission as follows; Section 1. The previously adopted personnel rules and regulations of the Commission are hereby repealed and the personnel policies and procedures manual dated June 14, 2006 set forth in Attachment "A", attached hereto and incorporated herein are hereby adopted as the personnel policies and procedures of the Commission. Section 2. This resolution shall take place immediately upon its adoption. APPROVED AND ADOPTED this 14t° day of June, 2006. Marion Ashley, Chair Riverside County Transportation Commission ATTEST: Harmon, Clerk of the Board e County Transportation Commission 48 AGENDA ITEM 8C • RIVERS/DE COUNTY TRANSPORTATION COMMISSION DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Theresia Trevino, Chief Financial Officer THROUGH: Eric Haley, Executive Director SUBJECT: Amendment to Agreement for Financial Advisory Services BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Approve Agreement No. 04-19-029-01, Amendment No. 1 to Agreement No. 04-19-029, with Fieldman, Rolapp & Associates (Fieldman) to amend the term and rates of the agreement for financial advisory services; and 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission. BACKGROUND INFORMATION: At its October 2003 meeting, the Commission approved the selection of Fieldman to provide financial advisory services to the Commission. The selection was based on the evaluation of six proposals received in response to a request for proposals as well as an interview process. Fieldman is a full -service consulting firm that offers financial and investment advice to state and local governments and non-profit institutions. Agreement No. 04-19-029 with Fieldman expires on August 31, 2006, and compensation is based on the projects assigned to them at the rates set forth in a fee schedule. Since its selection, Fieldman has assisted the Commission in its three most recent rating agency presentations, the establishment of the $185,000,000 commercial paper program related to the 2009 Measure A, development of the strategic partnership advisory services request for proposal, consultation related to financing mechanisms proposed by the county of Riverside for Transportation Uniform Mitigation Fees (TUMF), and various other matters. In connection with preparation for a long-term debt issue in 2008 or 2009 related to the 2009 Measure A, Fieldman has recently been advising Commission staff regarding an interest rate swap program, which is discussed in a separate agenda item. Agenda Item 8C 49 Staff is very satisfied with the performance of services provided by Fieldman and its understanding of the Commission's programs, goals, and needs. Accordingly, staff recommends that Agreement No. 04-19-029 be extended through December31, 2009 based on the efforts to date related to the planning and preparation for a debt financing under the 2009 Measure A. Additionally, staff recommends the following fee schedule revisions: Personnel Original(2003) Hourly Rate Revised (2006) Hourly Rate Managing Principal/Executive Officers of the Firm Principal/Senior Vice President Vice President Assistant Vice President Senior Associate Associate of the Firm Analyst Administrative Assistant Clerical (Other) $ 275 240 185 170 N/A 135 N/A 80 35 $ 300 275. 225 195 150 125 85 65 35 The rates for lower level staff have not increased or have decreased, and there are rates for new staff levels that may perform services. The top four staff levels have experienced rate increases of 9% for managing principal/executive officer, 15% for principal/senior vice president, 22% for vice president, .and 15% for assistant vice president/senior associate. Since the rates proposed in July 2003 have not been adjusted during the term of the agreement, staff believes the revised rates are fair and reasonable for such professional services. Financial Information In Fiscal Year Budget: Yes Year: FY 2006/07 Amount: Varies Depending on Assignment Source of Funds: Measure A Administration Budget Adjustment: No GLA No.: S-19-65302 - Fiscal Procedures Approved: \ht€444;4,ity.4, Date: 6/26/06 Attachment: Agreement No. 04-19-029-01 Agenda Item 8C 50 i Agreement No. 04-19-029-01 AMENDMENT NO. 1 TO AGREEMENT FOR FINANCIAL ADVISORY SERVICES PARTIES AND DATE This Amendment No. 1 to the Agreement for Financial Advisory Services is made and entered into as of this day of 2006, by and between the ' RIVERSIDE COUNTY TRANSPORTATION COMMISSION ("Commission") and FIELDMAN, ROLAPP & ASSOCIATES ("Consultant"). RECITALS 2.1 The Commission and the Consultant have entered into an agreement dated March 2, 2004 for the purpose of providing financial advisory services (the "Master Agreement"). 2.2 The parties now desire to amend the Master Agreement to extend the ; term for an additional three years and four months and to update Consultant's fee schedule so that Consultant may continue to perform financial advisory tasks, including financings under the 2009 Measure A. 3. TERMS 3.1 The term of the Master Agreement shall be extended for an additional term (the "First Extended Term") of three years and four months ending December 31, 2009. 3.2 Compensation under this Amendment shall be provided in the manner set forth in the Master Agreement. The hourly fee schedule set forth in Exhibit "B" of the Master Agreement shall be amended in its entirety and shall be replaced with the hourly fee schedule set forth below: Managing Principal/Executive Officers of the Firm Principals/Senior Vice Presidents Vice Presidents Assistant Vice Presidents Senior Associates Associates of the Firm 51 $ 300 $ 275 $ 225 $ 195 $ 150 $ 125 Analyst $ 85. Administrative Assistants $ 65 Clerical (Other) $ 35 3.3 Except as amended by this Amendment, all provisions of the Master Agreement, including without limitation the indemnity and insurance provisions, shall remain in full force and effect and shall govern the actions of the parties under this Amendment. IN WITNESS WHEREOF, the parties hereto have executed the Agreement on the date first herein above written: RIVERSIDE COUNTY TRANSPORTATION COMMISSION CONSULTANT FIELDMAN, ROLAPP & ASSOCIATES BY: By: Marion Ashley, Chair APPROVED AS TO FORM: By: Best Best & Krieger LLP General Counsel Its:. 52 • AGENDA ITEM 8D RIVERSIDE COUNTY TRANSPORTATION COMM/SS/ON DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Jerry Rivera, Program Manager THROUGH: Eric Haley, Executive Director SUBJECT: Fiscal Year 2007/11 Measure A five -Year Capital Improvement Plans for Local Streets and Roads BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to approve the FY 2007/11 Measure A Five -Year Capital Improvement Plans (CIP) for Local Streets and Roads as submitted. BACKGROUND INFORMATION: The Measure A Ordinance requires each recipient of streets and roads monies to annually provide to the Commission a five-year plan on how those funds are to be expended in order to receive its Measure A disbursements. In addition, the cities in the Coachella Valley and the County (representing the unincorporated area of the Coachella Valley) must be participating in Coachella Valley Association of Governments' (CVAG) Transportation Uniform Mitigation Fee (TUMF) Program. The agencies are required to submit the annual certification of Maintenance of Effort (MOE) along with documentation supporting the calculation. On April 10, 2006, staff provided the local agencies with Measure A revenue projections for local streets and roads to assist them in preparation of the required Five -Year CIP. The agencies were asked to submit their CIP by June 12, 2006 for submission to the Budget and Implementation Committee at its June 26, 2006 meeting and to the Commission on July 12, 2006. To date, staff have received the required CIP, MOE certification and supporting documentation from the following local agencies in the county: Western County Banning Corona Hemet Moreno Valley Murrieta Perris Agenda Item 8D Riverside Riverside County San Jacinto Temecula 53 Coachella Valley Desert Hot Springs Indian Wells Indio Palm Desert Palm Springs Riverside County Palo Verde Valley Blythe Riverside County The seven cities that have not submitted all of the required documents include: Beaumont, Calimesa, Cathedral City, Coachella,Lake Elsinore, Norco, and Rancho Mirage. Commission staff has informed city staff that no disbursement of Measure A funds for local streets and roads will be made until all of the required documents are received and approved by the Commission. Canyon Lake is not required to submit a CIF because of a prior loan agreement with the Commission. The city of La Quinta does not receive Measure A funds because they do not participate in CVAG's TUMF program. The CIPs received are posted on the Commission agenda on the. Commission's website and are on file at the Commission offices. Agenda Item 8D 54 AGENDA ITEM 8E • • RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Jerry Rivera, Program Manager THROUGH: Eric Haley, Executive Director SUBJECT: Fiscal Year 2005/06 Measure A Capital Improvement Plan for Local Streets and Roads for the City of Corona BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION_ This item is for the Commission to approve the amendment to the FY 2005/06 Measure A Capital Improvement Plan (CIP) for Local Streets and Roads for the city of Corona as submitted. BACKGROUND INFORMATION: The Measure A Ordinance requires each recipient of local streets and roads monies to annually provide to the Commission a five year plan on how those funds are to be expended in order to receive its Measure A disbursements. In addition, the cities in the Coachella Valley and the County (representing the unincorporated area of the Eastern County) must be participating in Coachella Valley Association of Governments' (CVAG) Transportation Uniform Mitigation Fee (TUMF) Program. The agencies are also required to submit an annual certification of Maintenance of Effort along with documentation supporting the calculation. The Measure A plan for the city of Corona was approved by the Commission at its July 13, 2005 meeting. Any revisions to the adopted plan must be returned to the Commission for approval. The city of Corona is requesting to amend its FY 2005/06 Measure A plan to add three new projects. As noted in its letter dated. June 6, 2006, the three capital projects are being funded using available fund balance. Attachment: Letter from the City of Corona with Revised FY 2005/06 CIP Schedule Agenda Item 8E 55 OFFICE OF: PUBLIC WORKS DEPARTMENT (951) 736-2290 (961) 279-3627 (FAX) Nedl@ci-corona.ce.us (E-mail) June 6, 2006 PWA-121-06 400 SOUTH VICENTIA AVENUE, P.O. BOX 940, CORONA, CALIFORNIA 92878-0940 CORONA CITY HALL - ONLINE, ALL THE TIME (http://www.cliscovercorona.com) Eric Haley, Executive Director Riverside County Transportation Commission 3560 University Avenue #100 Riverside, CA 92501 Attention: Jerry Rivera SUBJECT: CITY OF CORONA 2005/06 FIVE YEAR CAPITAL IMPROVEMENT PLAN BUDGET Dear Jerry: i I Submitted to the Riverside County Transportation Commission is a request for revision of the FY 2005/06 Five Year Capital Improvement Plan budget. The Corona City Council has approved Measure A funding for the following capital projects using available fund balance: • $105,050 for Traffic Signal and In -Pavement Crosswalk Lights at various locations • $706,036 for Lincoln Avenue Congestion Relief • $482,700 for Advance Traffic Management System IATMS) The above capital projects will be reported in Project Status Report as continuing appropriations into the 2006/07 Fiscal Year. If you have any questions please contact Reza Zolghadr, P.E., Senior Civil Engineer at 951- 736-2441, or Barbara Thierjung, Finance Manager at 951-736-2314. Sincerely, ED IBRAHIM, P.E. Assistant Public Works Director NI/RZ/Irt c: Barbara Thierjung, Finance Manager wpluNiraead 56 • • • RIVERSIDE COUNTY TRANSPORTATION COMMISSION -- --- MEASURE"A"LOCAL-FUNDS-PROGRAM— Agency: City of Corona FY 2005-2006 to 2009-2010 Prepared By: Reza Zolghadr Phone No.: (951) 736.2441 Date; 134€0-3633005 Revision Date: June 6, 2006 Page 1 of 5 Fiscal Year 2005.2006 ITEM NO. PROJECT NAME / LIMITS PROJECT (Category) TYPE FY2005.2006 NEW APPROPRIATIONS TOTAL COST MEASURE ENTITLEMENTS Est. FY 2005.2006 1 Pavement Rehabilitation for Local Streets Roads, Bridges and Freeways $ 1,590,000 $ 1,590,000 2 Resurfacing and Pavement Maintenance Roads, Bridges and Freeways 50,000 50,000 3 Pavement Management Study Roads, Bridges and Freeways 35,000 35,000 4 Sidewalk, Club & Gutter Installation/Repair Roads, Bridges and Freeways 50,000 50,000 5 Major Pavement Rehabilitation Roads, Bridges and Freeways 1,580,000 1,580,000 6 Arterial Widening Roads, Bridges and Freevys 100,000 100,000 7 Citywide GIS Application Building, Systems, and Facilities 5,364 5,364 8 Freeway Bridges/Smith Avenue Storm Drain Roads, Bridges and Freeways 532,648 532,648 9 Striping Rehabilitation Roads, Bridges and Freeways 20,000 20,000 10 Local Street Widening, Curb/Gutter Improvements Roads, Bridges and Freeways 120,000 120,000 11 Sidewalk, Curb & Gutter Installation/Replacement Roads, Bridges and Freeways 150,000 150,000 12 Sixth Street Beautification Roads, Bridges and Freeways 500,000 115,286 13 City's Cost Allocation Plan (Overhead) Operational Budget 190,702 190,702 Traffic Signal and In -Pavement Crosswalk Lights 14 (Safe Routes to School - FY 2004-05) Roads, Bridges and Freeways 105,050 - 15 Lincoln Avenue Congestion Relief Roads, Bridges and Freeways 706,036 - 16 Advanced Traffic Management System Lighting and Signals 482,700 - O Original Total Revised Total Estimated Measure A Entitlements Disbursements: Prior Year's Estimated Fund Balance: Difference funded by prior available fund balance. Reference letter dated June 6, 2006. Difference funded by prior available fund balance, 1,923,711 $ 4,539,000 6,217,500 $ 4,539,000 0 $ 4,539,000 $ 4,539,000 38'1,714 1,678,500 $ 4,923,714 $ 6,217,500 AGENDA ITEM 8F • RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Jerry Rivera, Program Manager THROUGH: Eric Haley, Executive Director SUBJECT: Fiscal Year 2006/07 SB 821 Bicycle and Program Funding Recommendations Pedestrian Facilities BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to approve the FY 2006/07 SB 821 Bicycle and Pedestrian Facilities Program recommended funding as shown on the attached schedule. BACKGROUND INFORMATION: In April, staff notified the cities, the County and local school districts that an estimated $1,434,400 would be available for programming in FY 2006/07 through the SB 821 Bicycle and Pedestriank,,Facilities Program. This program is funded by an allocation of 2% of the total Local. Transportation Fund (LTF) funds apportioned to Riverside County by the State and funds carried over from prior years. Carryover funds available this year totaled $520,418 from higher estimated revenues and from previously approved projects which either did not expend their full allocations due to lower than estimated actual costs or were subsequently abandoned by the applicants for various reasons. Total available funds for FY 2006/07 are $1,954,798. The SB 821 proposals were due May 26, 2006. The Commission received 44 proposals (43 sidewalk projects, 1 ADA related retrofit project) from 14 agencies requesting a total of $3,499,040 (Attachment 1). An evaluation committee comprised of three members from the Commission's Citizens Advisory Committee and three members from the Technical Advisory Committee reviewed the proposals on June 13, 2006. All of the applicants were invited to the meeting and requested to present their proposals to the committee and answer questions from the members. The proposals were evaluated and ranked based upon the Commission adopted scoring criteria (Attachment 2). Thirty-three projects are recommended for funding as indicated on Attachment 3. Attachments: 1) SB 821 Program Submittals FY 2006/07 2) SB 821 Evaluation Criteria 3) SB 821 FY 2006/07 Recommended Funding Agenda Item 8F 58 • RCTC SB 821 PROGRAM SUBMITTALS FY 2006-07 Agency / Project ATTACHMENT Total SB 821 Funds Local Cost Requested Match Banning (6) Banning High School, San Gorgonio Ave. $122,000 $61,000 $61,000 Williams St. Sidewalk, 14th St. to 4thSt. 136,000 68,000 68,000 Susan B. Coombs Middle Sch., 8th St. & King St. 135,600 67,800 67,800 Morongo Ave. Sidewalk 73,000 36,500 36,500 Woodland Ave. Sidewalk 76,000 38,000 38,000 Christie St. Sidewalk 36.000 18,000 18,000 Total $578,600 $289,300 $289,300 Beaumont (1) Citywide Sidewalks & Access Ramps Cathedral City (1) Whispering Palms Trail Sidewalk Project Corona (1) Taber Road/State St. Sidewalk Improvements Desert Hot Springs (2) Palm Drive Sidewalks Residential Streets/Sidewalks Total Hemet Citywide Sidewalk & Access Ramp Project Indio (2) Palm St. Sidewalk - Miles Ave./Indio Blvd. Monroe St./Dr. Carreon Blvd. Sidewalk Total 59 $141,110 $94,544 $46,566 $161,187 $93,455 $67,732 $433,209 $433,209 $0 $49,468 $34,628 $14,840 1.621.620 324 324 1,297,296 $1,671,088 $358,952 $1,312,136 $261,375 $89,500 $171,875 $220,000 $198,000 $22,000 44,000 39[600 4 400 $264,000 $237,600 $26,400 RCTC SB 821 PROGRAM SUBMITTALS FY 2006-07 Agency! Project ATTACHMENT Total SB 821 Funds Local Cost Requested Match Lake Elsinore (8) Lindsay St. Sidewalk $34,000 $17,000 $17,000 Sumner Avenue Sidewalk 17,000 8,500 8,500 Poe St. Sidewalk 35,000 17,500 17,500 Langstaff St. Sidewalk 19,500 9,750 9,750 Heald Ave. I Sidewalk 34,000 17,000 17,000 Heald Ave. II Sidewalk 44,000 22,000 22,000 Riverside Dr. Sidewalk 19,000 9,500 9,500 E. Prospect Sidewalk 7 200 3,600 33 600 Total $209,700 $104,850 $104,850 Moreno Valley (3) Perris Blvd. Sidewalk - JFK/Filaree Ave. Perris Blvd. Sidewalk - N. of Fir Ave. Perris Blvd. & Christopher Lane Sidewalks', Total Palm Springs Farrell Drive Sidewalk Project $105,130 58,000 146,100 $309,230 $52,565 29,000 73.050 $154,615 $52,565 29,000 73.050 $154,615 $85,700 $55,700 $30,000 Perris (2) Wilson Ave./Rider St. Sidewalks & Ramps $150,000 $75,000 $75,000 Ruby Drive Sidewalks & Ramps $100,000 $50,000 $50,000 Total $250,000 - $125,000 $125,000 Riverside (6) Chicago Avenue Sidewalk $300,000 $100,000 ' $200,000 Orrenmaa School Footpath 154,800 77,400 . 77,400 Wayne Court Sidewalk 96,930 48,465 48,465 Peackock Lane Sidewalk . 339,640 169,820 169,820 Sierra Vista Ave. Sidewalk & Ramps 158,860 79,430 79,430 Wheelchair Ramps, Norwood Ave./Golden Ave. 300 000 100 000 200,000 Total $1,350,230 $575,115 $775,115 60 • • RCTC SB 821 PROGRAM SUBMITTALS FY 2006-07 Agency / Project Riverside County (9) Bubbling Wells Road Camino Campanero Street Sidewalk Center Street Sidewalk Clark St. Sidewalk Claytone Ave./Canyon Pines Pl. Sidewalk Craig Street Sidewalk Dartmouth St. Sidewalk La Rue St. Sidewalk Palomar St. Sidewalk Total San Jacinto De Anza Dr. Sidewalk & Ramps ATTACHMENT 1 Total SB 821 Funds Local Cost Requested Match $105,300 $84,200 $21,100 75,500 45,000 30,500 91,500 54,400 37,100 81,000 64,800 16,200 86,300 68,100 18,200 291,300 106,600 184,700 275,500 176,500 99,000 111,500 85,600 25,900 231,800 127,000 104,800 $1,349,700 $812,200 $537,500 $150,000 $75,000 $75,000 Grand Totals - 14 Agencies 44 Projects $7.215 129 $3.499,040 $3 716,089 Total SB 821 Funds Available $1 954 798 JR: 5/30/06 61 ATTACHMENT 2 RIVERSIDE COUNTY TRANSPORTATION COMMISSION SB 821 EVALUATION CRITERIA FACTOR 1. USE The extent of potential use of a bicycle or pedestrian facility is the most important factor. Emphasis of this factor helps ensure the greatest benefits will be derived from the expenditure of SB 821 funds. Relative usage is to be derived from analysis of trip generators and attractors adjacent to the project. SAFETY Points are awarded on the basis of a project's potential to correct current safety problems. 3. IMPORTANCE AS A TRANSPORTATION ALTERNATIVE Points are awarded on the basis of a project's potential to attract users who would otherwise use an automobile. 4. MISSING LINK, EXTENSION, OR CONNECTIVITY Points are awarded to projects` that link, are extensions of, or potentially connect to existing facilities. 5. MATCHING FUNDS This factor is used to help ensure that there is local funding participation in the project - not just an application for "free" money. One point would be awarded for each 5% of total project cost that is financed by the local agency. 6. POPULATION EQUITY The purpose of this factor is to help ensure that one agency does not receive all the funds. The applicant receives the maximum 10 points if the amount of funds requested does not exceed what the applicant would receive if the funds were allocated by population. Year to year totals are recorded so that an applicant could build up a "credit". (Calculated by ROTC) 7. PHYSICAL ACCESSIBILITY ENHANCEMENT The purpose of this factor is to enhance the physical accessibility of existing pedestrian projects. Applicant agencies may receive up to 10 "bonus" points for their project proposals which improve the physical access to existing facilities. RCTC: 04/12/1995 MAXIMUM POINTS 25 20 20 15 10 10 10 BONUS 62 Rank Agency 1 Moreno Valley 2 Banning 3 Riverside 4 Lake Elsinore 5 Lake Elsinore 6 Moreno Valley 7 Perris 8 Palm Springs 9 Desert Hot Springs 10 Lake Elsinore' 11 Lake Elsinore 12 Riverside County 13 Riverside County 14 Banning 15 Lake Elsinore 16 Hemet 17 Lake Elsinore 18 Lake Elsinore 19 Riverside County 20 Banning 21 Riverside 22 Riverside County 23 Cathedral City 24 Riverside 25 Indio 26 Riverside County 27 Moreno Valley • • RIVERSIDE COUNTY TRANSPORTATION COMMISSION - - SB 821 BICYCLE AND PEDESTRIAN FACILITIES PROGRAM FY 2006-07 RECOMMENDED FUNDING Project Description Perris Blvd. Sidewalk - JFK/Filaree Ave. Banning High School Sidewalk Wheelchair Ramps Lindsay St. Sidewalk Sumner Ave. Sidewalk Perris Blvd. Sidewalk - N. of Fir Ave. Ruby Drive Sidewalk &Ramps Farrell Dr. Sidewalk Palm Drive Sidewalk Poe St. Sidewalk Langstaff St. Sidewalk Craig St. Sidewalk Camino Campanero St Sidewalk Williams St, Sidewalk Heald Ave. I Sidewalk Citywide Sidewalk & Access Ramps Riverside Dr. Sidewalk Heald Ave. II Sidewalk Center St. Sidewalk Susan B. Coombs Middle Sch. Sidewalk Chicago Ave. Sidewalk Bubbling Wells Road Sidewalk Whispering Palms Trail Sidewalk Sierra Vista Ave. Sidewalk & Ramps Monroe St. Sidewalk Clark St. Sidewalk Perris Blvd. & Christopher Lane S/W 63 ATTACHMENT 3 Total SB 821 Funds Recommended Cummulative Average Costs Requested Allocation Funds Allocated Score $105,130 $52,565 $52,565 $52,565 93.6 122,000 61,000 61,000 113,565 93.4 300,000 100,000 100,000 213,565 92.2 34,000 17,000 17,000 230,565 90.1 17,000 8,500 8,500 239,065 88.7 58,000 29,000 29,000 268,065 87.4 100,000 50,000 50,000 318,065 87.2 85,700 55,700 55,700 373,765 85.2 49,468 34,628 34,628 408,393 84.6 35,000 17,500 17,500 425,893 83.3 19,500 9,750 9,750 435,643 82.3 291,300 106,600 106,600 542,243 82.2 75,500 45,000 45,000 587,243 81.7 136,000 68,000 68,000 655,243 81.6 34,000 17,000 17,000 672,243 81.3 261,375 89,500 89,500 761,743 80.2 19,000 9,500 9,500 771,243 78.9 44,000 22,000 22,000 793,243 78.7 91,500 54,400 54,400 847,643 78.3 135,600 67,800 67,800 915,443 78.2 300,000 100,000 100,000 1,015,443 78.0 105,300 84,200 84,200 1,099,643 77.5 161,187 93,455 93,455 1,193,098 77.2 158,860 79,430 79,430 1,272,528 74.6 44,000 39,600 39,600 1,312,128 74.5 81,000 _ -64,800 - 64,800 1,376,928 74.5 146,100 73,050 73,050 1,449,978- 74.4 Rank - AHencv 28 Riverside County 29 Banning 30 Riverside` 31 San Jacinto 32 Riverside' County 33 Riverside County 34 Riverside 35 Banning 36 Lake Elsinore 37 Riverside County 38 Perris 39 Riverside 40 Desert Hot Springs 41 Corona' 42 Indio 43 Banning 44 Beaumont Totals JR: 6/15/06 ATTACHMENT 3 RIVERSIDE COUNTY TRANSPORTATION COMMISSION SB 821BICYCLE AND PEDESTRIAN' FACILITIES PROGRAM FY 2006-07 RECOMMENDED FUNDING Prolea Description Palomar St. Sidewalk Morongo Ave, Sidewalk Wayne Court Sidewalk De Anza Dr. Sidewalk & Ramps Dartmouth St. Sidewalk Clayton Ave./Canyon Pines Place S/W Orrenmaa School Footpath Woodland Ave. Sidewalk E. Prospect Sidewalk La Rue St. Sidewalk Wilson Ave./Rider St. S/W & Ramps Peacock Lane Sidewalk Residential Streets Sidewalks Taber Road/State St. Sidewalk Palm St. Sidewalk Christie St. Sidewalk • Citywide Sidewalk & Access Ramps Total ' - SB 821 Funds Recommended Cummulative Costs Requested Allocation Funds Allocated 231,800 127,000 127,000 1,576,978 73,000 36,500 36,500 1,613,478 96,930 48,465 48,465 1,661,943 150,000 75,000 75,000 1,736,943 275,500 176,500 176,500 1,913,443 86,300 68,100 41,355 1,954,798 154,800 77,400 0 1,954,798 76,000 38,000 0 1,954,798 7,200 3,600 0 1,954,798 111,500 85,600 0 1,954,798 150,000 75,000 0 1,954,798 339,640 169,820 0 1,954,798 1,621,620 324,324 0 1,954,798 433,209 433,209 0 1,954,798 220,000 198,000 0 1,954,798 36,000 18,000 0 1,954,798 141,110 94.544 0 1,954,798 $7215 1;9 $3 499 040 $1 954 798 64 • Average Score 72.3 71.8 71.2 71.0 70,5 68.7 68.2 67.8 67.7 67.5 65.8 65.6 62.0 61.5 60.5 53.4 46.5 AGENDA ITEM 8G RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Bill Hughes, Bechtel Project Manager Karl Sauer, Bechtel Construction Manager Robert Wunderlich, Bechtel Resident Engineer THROUGH: Eric Haley, Executive Director SUBJECT: Agreement No. 07-33-007-00 for Riverside -Downtown Metrolink Station East Side Parking Lot Project BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Award Agreement No. 07-33-007-00 to Hal Hays Construction, Inc. for the construction of the Riverside -Downtown Metrolink Station East Side Parking Lot Project in the amount of $1,515,404 plus a contingency amount otf $224,596 to cover potential change orders encountered during construction for a total not to exceed contract authorization of $1 .74 million; 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission; and 3) Increase the project budget for Riverside -Downtown Metrolink Station East Side Parking Lot Project by $1.3 million in Measure A funds and $1.3 million in additional project costs and amend the Commuter Rail Short Range Transit Plan to reflect these changes. BACKGROUND INFORMATION: At its May 9, 2001 meeting, the Commission approved the establishment of an Ad Hoc Committee to address policy issues identified in the draft Station Management Plan submitted separately to the Commission at that same meeting. One of the main findings of the draft Station Management Plan was that by 2010, four out of the five, existing and proposed, Metrolink stations were forecasted to have parking deficits. In conjunction with direction from both the Commission and the Ad Hoc Committee, staff proceeded forward to develop plans for the construction of the North Main Corona Metrolink Station and the expansion of the existing Riverside -Downtown and Riverside -La Sierra Metrolink Commuter Rail` Stations. The North Main Corona Station can accommodate approximately' 625 vehicles. The La Sierra Metrolink Station has been expanded from Agenda Item 8G 65 approximately 350 parking spaces to approximately 1000 parking spaces. The Riverside -Downtown Station has been initially expanded from approximately 700 parking spaces to 825 parking spaces, with the construction of the new Vine Street parking lot, across from the main parking lot. At its January 11, 2006 meeting, the Commission authorized staff to advertise for bids to construct the Riverside -Downtown Metrolink Station East Side Parking Lot Project. The project site is located on Commerce Street, between 9th and 10`" Street, in the city of Riverside. The new parking facility will accommodate ' 321 additional vehicles, bringing the total parking lot capacity for the Riverside Downtown Metrolink Station to 1146 spaces. The project was advertised starting on May 15, 2006 with the bid opening on June 15, 2006. Eight bids were received and opened on June 15, 2006 at 2:00 pm. A summary of the bids received are shown in Table A: TABLE A Riverside - Downtown Metrolink Station East Side Parking Lot Project Bid Summary Firm (In order from Low bid to Hig bid) Bid Amount Amount Over Low Bid Engineers Estimate $1,104,973.55 N/A 1 Hillcrest Contracting Corona, CA $1,328,512.61 See Note 1 2 Hal Hays Construction, Inc. Riverside, CA' $1,515,403.50 Lowest Responsive Bidder 3 Phoenix Construction Services Riverside, CA $1,806,212.50 $290,809.00 4 Adams/Mallory Const Co., Inc Placentia, CA $1,866,774.50 $351,371.00 5 Riverside Construction Co. Riverside, CA $1,882,321.65 $366,918.15 6 Alliance Streetworks Anaheim, CA $1,887,378.50 $371,975.00 " Ace Engineering Inc. La Verne, CA -$2,010,274.30 . $494,870.80 8 LH`Engineering Co., Inc. Anaheim, CA $2,912,219.50 $1,396,816.00 Note 1: Bid Withdrawn by Hillcrest Contracting due to bid error. Bid disqualified because subcontracted cost exceeds 50% of Total Contract Price Agenda Item 8G 66 • The bids were reviewed by legal counsel and staff, and all concurred that the Hal Hays Construction, Inc. bid was the lowest responsive bid received for the project. A summary of the review of the four (4) lowest bids received and the responsiveness of the bids are detailed in Table B: TABLE B Riverside - Downtown Metrolink Station East Side Parking Lot Project Bid Checklist Checklist Item Hillcrest Contracting Hal Hays Construction, Inc. Phoenix Construction Services Adams/Mallory Const Co., Inc 1 Bid Letter Yes Yes Yes Yes 2 Schedule of Prices --- --- — — - Bid Sheet Completed Yes Yes Yes Yes - Bid Item Comparison --- -- — - - w/Eng's Est Yes Yes Yes Yes - w/other Bidders Yes Yes Yes Yes - Balanced Bid Items Yes Yes Yes Yes 3 Bid Bond Yes Yes Yes Yes 4 List of Subcontractors Yes Yes Yes Yes - Prime Performs > 50% Work No Yes No Yes 5 Bidder Information Forms No Yes Yes Yes - Reference Check N/A Yes N/A Yes 6 Non -Collusion Affidavit Yes Yes Yes Yes 7 Evidence of Insurance To be provided with award To be ,provided with award To be provided with award To be provided with award 8 Was Bidder Responsive? NO Yes NO Yes The bid submitted by Hil{crest Contracting was withdrawn due to a bid error, which resulted in its total bid price being less than intended. In addition, the total price of its subcontracted work exceeded 50% of its total bid price. The bid submitted by Phoenix Construction Services also showed that the total price of its subcontracted work exceeded 50% of its total bid price. Bids submitted by Hal Hays Construction, Inc. and Adams/Mallory Const Co., Inc. were fully responsive. Agenda Item 8G 67 Table C below summarizes the subcontractors listed by Hal Hays Construction, Inc. TABLE C Riverside - Downtown Metrolink Station East Side Parking Lot Project Hal Hays Construction, Inc. - Subcontractors Name Address Telephone License Type of Subcontract No. Work Amount 870 N. Main St. Golden State Fence Riverside, CA 92501 (951)686- 3170 299964 Fencing $64,719.00 1900 S. Louis St. Marina Landscape Anaheim, CA 92805 (714) 939 6600 492862 Landscaping $241,800.00 C. T. & F., Inc. 7228 Scout Ave. Bell Gardens, CA (562) 927- 2339 182572 Electrical $355,134.00 Table D summarizes the costs associated with the construction of the Riverside Downtown Metrolink Station East Side Parking Lot Project for the three (3) lowest bids received: TABLE D Riverside - Downtown Metrolink Station East Side Parking Lot Project Cost Summary ITEM NO ITEM DESCRIPTION Engineer's Estimate Hal Hays Construction, Inc. Phoenix Construction Services Adams/Mallory Const Co., Inc 1 Mobilization $51,000.00 $75,750.00 $52,000.00 $153,472.00 2 Traffic Control $3,500.00 $4,900.00 $2,500.00 $21,757.00 3 Construction Water $3,000.00 $1,350.00 $800.00 $8,817.00 4 Remove Existing AC Pavement $g 868.00 $9,868.00 $34,538.00 $4,934.00 5 Remove ExistingGurblAC Berm $4,030.00 $3,224.00 $1,410.50 $806.00 6 Remove Existing Drain Inlet $2,000.00 $650.00 $300.00 $5,724.00 7 Remove Existing PCC $6,000.00 $4,500.00 : $36,000.00 $4,800.00 8 Sav✓cut and remove 1-ft AC Pavement $1,128.00 $1,128.00 $987.00 $564.00 9 Clearing and Grubbing $8,000.00 $11,300.00 $8,000.00 $6,525.00 10 Tree Removal & Disposal $2,700.00 $5,175.00 $9,000.00 . $3,816.00 11 Parking Lot Excavation (export) $40 000.00 $52,000.00 $24,000.00 $64,800.00 12 Road Surface Excavation $2,000.00 $8,000.00 $600.00 $13,600.00 Agenda Item 8G • 68 • TABLE D Riverside - Downtown Metrolink Station East Side Parking Lot Project Cost Summary ITEM NO. ITEM DESCRIPTION Engineer's Estimate Hal Hays Construction, Inc. Phoenix Construction Services Adams/Mallory Const Co., Inc 13 SWPPP/Erosion Control $5,500.00 $22,600.00 $6,000.00 $7,640.00 14 Cold Plane per detail on Sheet 2 $462.50 $4,070.00 $14,800.00 $12,765.00 15 Construct 6" Class II Base $96,525.00 $90,090.00 $98,670.00 $134,706 00 16 Construct 0.17-ft AC Pavement $59,760.00 $37,350.00 $59,760.00 $44,820.00 17 Construct 4" AC Pavement $172,020.00 $180,621.00 $272,365.00 $249,429.00 18 Ad}'. Exist. Water Valves to Grade $1,050.00 $1,806.00 $4;90000 $3,192.00 19 Raise Existing Manhole to Grade $1,500.00 $3,300.00 $2,100.00 $8,430.00 20 Construct 3-ft Ribbon Gutter $6,153.75 $39,384.00 $54,153.00 $21,333.00 21 Construct 6" Curb and Gutter per City of Riverside Std 200, Type $32,310.00 $43,977.50 $44,875.00 $62,825.00 22 Construct Cross Gutter per City of Riverside Std 220 $10020.00 $16,192.00 $13,156.00 $14,168.00 23 Construct Curb per City of Riverside Std 200, Type II $53,300.00 $50,635.00 $45,305.00 $106,600.00 24 Construct Drive Approach per City of Riverside Std 303 $2,272.00 $5,680.00 $5,112.00 $10,508.00 25 Construct Handicapped Ramp $5,250.00 $546.00 $5,874.00 $2,655.00 26 Construct Sidewalk per City of Riverside Std 325 $29,991.50 $43,624.00 $54,530.00 $62,709.50. 27 4" White Parking Lot Striping $2,526.80 $6,317.00 $6,317.00 $6,317.00 28 Construct Crosswalk per City Standard $1,200.00 $800.00 $3,500.00 $3,206.00 29 Handicapped Striping per City ADA Standards $10,400.00 $5,056.00 $6,000.00 $5,504.00 30 Install Stop Sign $600.00 $554.00 $500.00 $460.00 31 Irrigation System $85,729.00 $147,400.00 $152,720.00 $92,517.00 32 Install 3- 4" PVC Pipe - sch 80 for Electrical and Irrigation Road Crossing. $2,145.00 $4,455.00 $5,000.00 $4,125.00 33 Landscaping $123,112.00 $103,230.00 $102,300.00 $139,534.00 34 Landscaping 1 year Maintenance Period $22,000.00 $13,320.00 $15,000.00 $17,176.00 Agenda Item 8G 69 TABLE D Riverside - Downtown Metrolink Station East Side Parking Lot Project Cost Summary ITEM NO. ITEM DESCRIPTION Engineer's Estimate Hal Hays Construction, Inc. Phoenix Construction Services Adams/Mallory Const Co., Inc 35 ., #1) Wheel Stops (See Note #1) $6,250.00 $3,500.00 $6,250.00 $5,750.00 36 Construct Parkway Drain $4,000.00 $4,800.00 $1,760.00 $2,400.00 37 Construct Catch'$asin Per City Std 405 $8,000.00 $14,700.00 $18,000.00 $2,540.00 38' Install Vending Machine Canopy $55,000.00 $22,696.00 $1,125.00 $34,014.00 39 Construct Wrought Iron Fence $13,170.00 $71,118.00 $118,530.00 $93,068.00 40 Construct Wrought Iron Gate $800 00 $694.00 $2,250.00 $1,226.00 41 Provide and Install Electric Control System & Panel (parking lot lighting) $2,500.00 $6,650.00 $21,230.00 $7,225.00 42 Provide and Install Electrical Conduits and Wire (parking lot lighting) $27,500.00 $51,250.00 $82 500.00 $55,000.00 43 Provide and Install Electrical Poles and - Fixtures (parking lot lighting) (See Note #1) $89.t100.00 $141,075.00 $214,995.00 $151,800.00 Provide and Install Streetlight Fixtures, Poles, Conduits, Wires& Control Systems $38,500.00 $196,570.00 $192,500.00 $212,850.00 45 Install Fossil Filter - Kristar FB-24 $3,000.00 $3,498.00 $4,000.00 $667.00 TOTAL $1,104,973.55 $1,515,403.50 $1,806,212.50 $1,866,774.50 From staff and legal counsel's review of the bids received, staff is recommending that the Commission award Agreement -. No. 06-33-038-00 to Hal Hays Construction, Inc. for the construction of the Riverside -Downtown Metrolink Station East Side Parking Lot Project in the amount of $1,515,404 plus a contingency amount of $224,596 to cover potential change orders encountered during construction, for a total contract authorization of $1.74 million. The standard Commission construction contract will be used, pursuant to legal counsel review. Funding The original funding allocated to this project was $3.5 million in Measure A and $500,000 in LTF funds. After the property purchase and engineering expenses the remaining revenue budget is approximately $500,000. In order to accommodate Agenda Item 8G 70 • the total cost of the construction, staff is recommending that the Commission approve increases to the total project budget of $1.3 million in Measure A funding and $1.3 million in additional project costs. In addition, staff requests that the Commuter Rail Short Range Transit Plan be amended to reflect the additional $1.3 million in Measure A funds and $1.3 million in additional project costs allocated to this project. Financial Information In Fiscal Year Budget: Y Year: FY 2006/07 Amount: S1,740,000 Source of Funds: Measure A funds Budget Adjustment: N GLA No.: 221 33 81301 P3810 Fiscal Procedures Approved: I�� CC�� \` \3?P Date: 6/26/06 Agenda Item 8G 71 • AGENDA ITEM 8H • RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Plans and Programs Committee Stephanie Wiggins, Regional Programs Director THROUGH: Eric Haley, Executive Director SUBJECT: Southern California Goods Movement Strategy Memorandum of Agreement PLANS AND PROGRAMS COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Approve the Memorandum of Agreement (MOA) No. 07-67-008-00 between the County Transportation Commissions (Los Angeles, Orange, San Bernardino, and Ventura); and 2) Authorize the Executive Director, pursuant to legal counsel review, to execute the MOA on behalf of the Commission. BACKGROUND INFORMATION. - Over a period of months, the chief executive officers of the transportation commissions in Southern California have discussed the parameters of an agreement where, through a collaborative effort, the goods movement needs in the region could be addressed. At its January 2005 meeting, the Commission approved participation in the development of a Multi -County Goods Movement Action Plan in order to form a consensus for an implementation plan for the region. Scheduled to be completed early next year, the plan will describe and model goods movement growth and trends, identify possible partnerships with the private sector, highlight short, mid, and long-term strategies, as well as identify a list of possible projects to be funded. Further, with the placement of the $19.9 billion state transportation infrastructure bond measure on the November ballot, developing a consensus on Southern California projects becomes even more critical so that the region can be well positioned to receive those funds. Riverside County could be eligible for state funding for goods movement projects through the following programs created by the infrastructure bond: the Trade Corridors Improvement Fund, Highway -Railroad Crossing Safety Account, State -Local Partnership Program, and Corridor Mobility Improvement Account. Agenda Item 8H 72 Purpose of the MOA In an effort to evaluate, select, plan, and finance strategies for constructing goods movement projects, a timely issue to consider is the forum and framework, which will bring those projects to fruition. The proposed MOA represents a proactive step whereby the transportation agencies in Southern California will commit to developing a goods movement strategy through inter -county coordination. The MOA is part of a regional consensus plan whereby transportation agencies within the region have come together to deliver a single message to state and federal policymakers underscoring the need for funding goods movement projects. To this end, the MOA further delineates the scope of the on -going collaboration among the participating agencies originally undertaken as part of the Multi -County Goods Movement Action Plan. The MOA recognizes the need for regional transportation agencies to eventually form public/private partnerships in order to successfully complete projects. The purpose of the three-year, voluntary MOA is to further solidify goods movement policies in Southern California without establishing a new governmental body. While various alternative institutional models were discussed, ranging from "no agency" to the establishment of a "new agency," the chief executive officers reached a consensus that a goods movement plan could be developed and implemented in a spirit of cooperatiori,and communication. Attachment: Draft Memorandum of Agreement Agenda Item 8H 73 • Agreement No. 07-67-008-00 MEMORANDUM OF AGREEMENT AMONG COUNTY TRANSPORTATION COMMISSIONS TO COLLABORATIVELY DEVELOP THE SOUTHERN CALIFORNIA GOODS MOVEMENT STRATEGY This Memorandum of Agreement herein referred to as "MOA", is entered into as of , 2006 by and among the County Transportation Commissions ("CTCs") of Southern California, namely the 'Los Angeles County Metropolitan Transportation Authority ("MTA"), Orange County Transportation Authority (OCTA"), Riverside County Transportation Commission ("RCTC"), San Bernardino Associated Governments ("SANBAG"), and the Ventura County Transportation Commission ("VCTC"). Each of the agencies described above (as well as any agencies joining this MOA in the future) shall be collectively referred to herein as the "CTCs". WHEREAS, the combined ports of Los Angeles and Long Beach are the largest gateway for containerized imports into the United States and the fifth largest port in the world; and the Port of Hueneme is among the nation's leaders in fresh produce and fruit exports and automobile imports; and WHEREAS, Southern California serves as the principal conduit of goods between the United States and Asia at major costtoits transportation infrastructure, environmental quality and human health, and community livability; and WHEREAS, goods movement within Southern California comprises an important regional economic opportunity if transportation, environmental health, and community impacts can be remedied; and WHEREAS, the MTA, OCTA, RCTC, SANBAG, and VCTC have a common interest to address the transportation deficiencies, environmental challenges, and economic opportunities associated with goods movement in and through Southern California; and WHEREAS, it is envisioned that many of the plans, policies, strategies, and projects to address the challenges and grasp the opportunities afforded by goods movement in Southern California will be multi -county in scope; and WHEREAS, collaboration and cooperation among the CTCs to develop these goods movement plans, policies, strategies, and projects, and similar collaboration in the areas of public outreach and political advocacy is expected to yield the best results for Southern California as a whole. NOW, THEREFORE, BE IT RESOLVED that: 1. A collaborative effort will be undertaken by the CTCs in order to prioritize and phase the strategies, projects, and measures needed to address transportation, environmental, and community issues associated with goods movement within and through Southern California. 74 Agreement No. 07-67-008-00 2. Each CTC shall designate a lead staff for all communications and correspondence among the CTCs pursuant to this MOU. 3. Each CTC shall make a good faith effort to notify other CTCs regarding discussions or negotiations on regional goods movement issues with federal, : state, private sector, or other CTC representatives. 4. The. CTCs recognize the benefits of having defined regional points of contact, and will establish such as needed for various goods movement negotiations, initiatives, and decision -making. 5. The. CTCs commit .to have regular discussions regarding their efforts in regional goods movement as part of the quarterly Regional Transportation Agencies Coalition meetings, monthly meetings among the Executive Directors of the CTCs, and through the. Multi- County Goods Movement Action Plan. 6. It is not the intent of this agreement to establish new authority(ies) for sponsorship or delivery of transportation improvements beyond authorities already granted by state law absent possible future agreements defining a regional goods movement formal structure, as described herein. 7. This MOA will take effect upon signing by all the CTCs, and may be amended only by written revision, signed by all the CTCs. 8. This agreement will remain in effect for a period of three years from the date of execution. 9. Other public agencies responsible for aspects of goods movement in Southern California may become signatories to this agreement by amendment tothisagreement. 10. Any CTC may cease to be a party to this agreement by providing written notice of such termination to all other signatories IN WITNESS WHEREOF, the parties have signed this MOA on the dates set forth below their signatures. MTA OCTA. RCTC SANBAG VCTC SCAG (ex-officio) 75 AGENDA ITEM 81 RIVERSIDE COUNTY TRANSPORTATION COMM/SS/ON DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Property "Committee of the Whole" Stephanie Wiggins, Regional Programs Director THROUGH: Eric Haley, Executive Director SUBJECT: Exclusive Negotiating Agreement for Joint Development at the La Sierra Metrolink Station to BRE Properties, Inc. PROPERTY "COMMITTEE OF THE WHOLE" AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Award Exclusive Negotiating Agreement (ENA) No. 07-67-004-00 to BRE Properties, Inc for Joint Development at the La Sierra Metrolink Station; and 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission. BACKGROUND INFORMATION: At its June 2005 meeting, the Commission authorized staff to work with the city of Riverside to develop a Request for Qualifications (RFQ)/Request for Proposals (RFP) for Joint Development at the La Sierra Metrolink Station. Working in close coordination with the city of Riverside -Redevelopment, staff developed the RFQ and RFP. Selection Process The RFQ was released on December 7, 2005 with a mailing to 115 interested parties. The 'RFP was also posted on the agency website and public notices were advertised in the Press -Enterprise, the Orange County Register, and ' the Los Angeles Times. The Commission received three Statement of Qualifications (SOO) by the deadline of January 31, 2006: BRE Properties, Inc Forest City Development Radius Retail Advisors Agenda Item 81 76 The SOQs were reviewed by the Evaluation Committee comprised of representatives from the city of Riverside -Planning, city of Riverside - Redevelopment, the Southern California Regional Rail Authority, and Commission staff: Chief Financial Officer and Right -of -Way Program Manager. The Evaluation Committee pre -qualified two firms out of the three for an invitation to propose. The two pre -qualified firms, identified below, were invited on February 28, 2006 to submit a Joint Development proposal for the La Sierra Metrolink Station Site. • BRE Properties, Inc • Forest City Development Both teams attended a site visit held on March 7, 2006 and submitted proposals by the deadline of May 2, 2006. The financial pro -forma of both. proposals were analyzed by Keyser Marston Associates, a real estate financial advisor for the Commission. Interviews of both firms were held on June 15,, 2006, with a panel consisting of representatives from the city of Riverside -Planning, city of Riverside - Redevelopment„ the Southern California Regional Rail Authority, Keyser Marston Associates, and Commission staff: Deputy Executive Director, Chief Financial Officer, and Right -of -Way Program Manager. Evaluation Committee Recommendation The Evaluation Committee recommends the selection of BRE Properties, Inc, for the. ENA at the La Sierra Metrolink Station. The proposal submitted by BRE Properties, Inc: • Incorporates two new, parking structures supporting the future parking expectations of the rail station; • Incorporates retail and mixed housing types consistent with the city of Riverside zoning and general plan; and • Proposes a financial return to the Commission. The ENA allows for the Commission to negotiate with BRE Properties, Inca During the term of the ;ENA, the. Commission will not approve any other proposals for, the La Sierra Station site. Upon execution of the ENA, BRE will be required to provide a $25,000 good faith deposit. Agenda Item 81 77 Extension of ENA Either the developer or the Executive Director may request from the Commission an extension of the 180 day exclusive negotiation period. The Commission will determine whether sufficient progress has been made toward fulfillment of the above requirements in their consideration of extension. Financial Information In Fiscal Year Budget: N Year: FY 2006/07 Amount: $25,000 Source of Funds: Private Budget Ad ustment: Y GLA No.: 106-67-42003 P4003 Fiscal Procedures Approved: \14/�_34, Date: 6/21/06 I ! Attachments: 1) BRE Properties, Inc Proposal Schematics/Site Plan 2) Excerpt from the RCTC Station Joint Development Guidelines Agenda Item 81 78 ON :10 S t s❑ xa ' lKJV IV ala0)3 VINHOdil llorn<'iNfLkI -'A Y1SN3(1 Tisfd3A6 3{ftlfiel4 t 410.0 S11tfR4C� 0680311Nf18Zl 8 3.t38 �tl ATTACHMENT 2 Excerpt from the RCTC Station Joint Development Guidelines: Exclusive Negotiations Agreement Upon recommendation and approval of the Commission, the Executive Director may enter into an ENA with the selected developer for period of 180 days or such other term that is mutually acceptable to the parties. A. Requirements of proposer/developer under the ENA: 1. Developer shall provide the Executive Director with a "good faith refundable deposit," in the amount of $25,000 in the form of cash or certified check or an alternative amount determined by the Executive Director or his designee. The amount shall be sufficient to cover reasonable expenses incurred by the RCTC in carrying out the analysis of the proposal. 2 Developer shall have 120 days to provide the Executive Director with the following information: a. A preliminary site plan showing building layout and dimensions, parking, landscaping and access. b. Project develop ent schedule including milestones for site control, financig commitments, design and environmental clearances, entitlements, construction and completion. c. Cost estimates and project data for the proposal in sufficient detail to permit adequate financial analysis. d. Evidence of a firm commitment from key managerial members or tenants of the proposed projects. e. A comprehensive list of previous experience in the specific project area and of like projects for both construction and operation of the said project type, as well as disclose full credit and litigation history under penalty of perjury. 3 Evidence of a firm financial plan, including: a. Evidence of construction financing. b. Evidence of long-termfinancing. c. Evidence of other financial sources necessary to carry out the project. Evidence shall consist of a letter of commitment from a financial institution or any reasonably acceptable party providing development capital. The financial plan shall include a pro -forma statement of project return adequate to enable the Commission to evaluate the economic feasibility of the proposed project. 84 ATTACHMENT 2 4. Developer shall provide a written offer to the RCTC for fee purchase of land, purchase of lease rights, or other: development rights as appropriate to the proposal. 5. Evidence of control of any properties not ownedby RCTC but considered essential to the project. Evidence shall be in the form of letters of intent from each of the owners stating commitment of land, economic terms and costs basis as well as a detailed action plan and schedule relating to the acquisition of the properties. B. Responsibilities of the RCTC under the ENA: 1. The RCTC shall approve no other joint development proposals for the land in question during the period of the ENA: The ENA shall serve as proof of control of land for acquiring letters of financial commitment by the developer. 2. The Executive Director shall place the "good faith" deposit in an interest -bearing account, and shall have the right to draw down from the account payment for reasonable expenses incurred by the RCTC for such items as land and development rights appraisals, materials, data and other information costs, and other administrative and consultant costs expended in the evaluation of the proposal 3 The RCTC shall providii, the developer with an appraisal for the fair market value of the fee~interest or lease rights or other development rights appropriate to the project. 4 The RCTC shall deliver, within 30 days of receipt of written request, any existing RCTC-owned information, studies, reports, site and construction plans or other documents requested by the developer to facilitate project design at cost to the developer. 5 Upon completion of the 120-day period referenced above in. Section A, the RCTC will evaluate and negotiate with the Developer in close coordination with the local jurisdiction for a period of up to 60 days. 6. If, at the conclusion of the ENA period, the proposal is terminated, the Executive Director shall return any remaining balance of the "good faith deposit," including any interest accrued thereon to the developer. 7. If, at the conclusion of the ENA, a Development Agreement is entered into, the remaining balance of the "good faith deposit," including interest accrued thereon, shall be subtracted from the cost of land, lease or other development rights conveyed to the developer by the RCTC: 85 AGENDA ITEM 8J • RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Property "Committee of the Whole" Stephanie Wiggins, Regional Programs Director THROUGH: Eric Haley, Executive Director SUBJECT: Sole Source Agreement No. 07-25-005-00 to Keyser Marston Associates for Real Estate Financial Advisory Consultants for the Riverside -Downtown Joint Development PROPERTY "COMMITTEE OF THE WHOLE" AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Award Sole Source Agreement No. 07-25-005-00 to Keyser Marston Associates for Consultant Services for the Riverside -Downtown Joint Development Project in an amount not to exceed S70,500; and 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission. BACKGROUND INFORMATION: At its June 2005 meeting, the Commission approved the RCTC Station Joint Development Guidelines and authorized staff to develop a RFQ/RFP for Joint Development of the La Sierra Station. As a result of the initial process of developing a recommendation for an Exclusive Negotiating Agreement (ENA) for Joint Development at the La Sierra Station, the Evaluation Committee is recommending award of a sole source agreement to Keyser Marston Associates for consultant services on the Riverside -Downtown Joint Development Project. A key evaluation tool in recommending a development team for the La Sierra ENA was the pro -forma financial analysis performed by Keyser Marston Associates. This allowed an "apples to apples" comparison of the two pre -qualified development teams. In April 2006, the Commission authorized the release of a RFQ/RFP for Joint Development at the Riverside -Downtown Station. Eight Statement of Qualifications have been received and the Evaluation Committee is recommending that the same pro -forma analysis be completed for the pre -qualified development teams. Keyser Marston Associates has unique qualifications given its extensive work with the city of Riverside and transit oriented developments, as illustrated in its attached proposal. Agenda Item 8J 86 Financial Information In Fiscal Year Budget: Y Year: FY 2006/07 Amount: $70,500 Source of Funds: Local Transportation Fund Budget Ad ustment: N GLA No.: 106-67-65503 P4001' Fiscal Procedures Approved: Date: 6/21 /06 Attachment: Keyser Marston Associates Proposal Agenda Item 8J 87 • ADVISORS IN: REAL rSLATE REDEVELOPMENT AFFORDABLE ILDUSING ECONOMIC DEWELONEENT i SAN FRANCISCO A. JERKY KEYSER TIMOTHY C. KELLY KATE EARLE FUNK DIBBLE M. KERN ROBERT J. WETMORE Los ANGELES CALVIN'E. HOLLIS.'II KATHLEEN H. HEAD IAMFS A. RABE PAGE C. ANDERSON GREGORY D. S004 100 • • SAN DIEGO GERALD M. TRIMBLE PAUL C. MARRA KEYSER MARSTON ASSOCIATES ADVISORS IN PUBLIC/PRIVATE REAL ESTATE DEVELOPMENT June 8, 2006 Ms. Stephanie Wiggins Regional Programs Director Riverside County Transportation Commission 4080 Lemon Street, 3rd Floor Riverside, CA 92502 Re: Proposal for Consulting Services Downtown Metrolink Station Joint Development Developer Selection Dear Ms. Wiggins: Keyser Marston Associates, Inc. (KMA) is pleased to submit this proposal forconsulting services related to development of the Downtown Metrolink Station site in Riverside. As background, Riverside County Transportation Commission (RCTC) is in the process of selecting a developer for the development of nine acres currently, used as a parking lot for the Downtown Metrolink Station•(Site). RCTC has requested KMA's assistance in reviewing developer team qualifications and development proposals, submitted in response to a Request for Qualifications (RFQ) and Request for Proposals (RFP) for development of the Site. It is KMA's understanding that the preferred development should provide sufficient parking to replace or expand the number of spaces currently available to transit customers. Specifically, growth forecasts indicate the need for 1,500 spaces on the east side of the station and 1,000 spaces on the west side of the station. Overview of Qualifications Keyser Marston Associates, Inc. is the premier West Coast real estate advisory firm assisting public agencies with public/private revitalization projects. Since 1973, KMA's three offices in San Diego, Los Angeles, and San Francisco have assisted over 700 clients with more than 2,000 projects designed to improve the quality of urban life. Our staff of over 40 employees serves a diverse client base throughout the western United States, including local, cities and redevelopment agencies, transit agencies, and county and state govemments, as well as large-scale institutional clients and property owners. 1660 HOTELCIRCLE NORTH, suLTE 716 to SAN DIEGO, CALIFORNIA 92108 > PHONE: 619 718 9500 > Fax: 619 718 9508 06096ndh 99900.000.003 WWW "ERMARSTON..COM 88 Ms. Stephanie Wiggins Riverside County Transportation Commission June 8, 2006 Page 2 KMA is uniquely qualified to provide RCTC with economic analysis and developer selection services for the Downtown Metrolink Station. KMA has served the City of Riverside's Redevelopment Agency, as a real estate and financial advisor on downtown redevelopment projects since 1978. Our contributions have included: • Assistance formulating a downtown real estate development strategy for various urban land uses. • Assistance in evaluation and selection of developers and development proposals. • Assistance in negotiations with developers. • Valuation of real property, development rights, and warranted public assistance. Previous assignments for the City of Riverside Redevelopment Agency where KMA services were utilized include: economic analyses related to the development of the planned Fox Plaza; assistance in the preparation of the Downtown Specific Plan; and financial analysis of the public parkinggarages at University Village. KMA has also provided advisory services for a number of transportation authorities, including: Bay Area Rapid TransitVART), Los Angeles Metropolitan Transportation Authority (MTA), North County Transit District (San Diego), and the Metropolitan Transit System (San Diego). In addition, KMA has worked on a number of transit -oriented developments in communities such as La Mesa, Redwood City Pleasant Hill,` Sacramento, San Diego, Santee, South San Francisco, and Vista. Detailed information on KMA's relevant project experience can be found in Attachment A. Scope of Services In order to assist RCTC on this development, KMA proposes to provide the following services: Task #1: Developer Qualifications Process (1) Review the statement of qualifications submitted by each developer.' (2) Prepare of a matrix evaluating the qualifications of each developer. 89 0609sndh '99900.000.003 Ms. Stephanie Wiggins Riverside County Transportation Commission June 8, 2006 Page 3 (3) Provide recommendations regarding the selected developers to be invited to propose. (4) Summarize our conclusions and recommendations in a memorandum report. (5) Prepare a financial pro forma template to be included in the RFP package distributed to RCTC's selection of qualified developers. (6) Provide recommendations regarding the content of the RFP. Task #2: Bidders Conference (Optional) (1) Participate in one (1) meeting with prospective developers prior to their submission of development proposals. Task #3: Developer Proposals Process (1) Review the proposals submIted by each developer. (2) Prepare a written data request itemizing missing data requirements, inconsistencies in the Developer submittal, and/or other need for clarification. (3) Conduct financial analyses of each developer's financial pro formas. The objective of these analyses will be to review developer assumptions regarding project costs, income, and returns; and to verify proposed financing approaches and compensation offer to RCTC. (4) Rank developer proposals in terms of economic feasibility and financial retum to RCTC. (5) Summarize our conclusions and recommendations in a memorandum report accompanied by supporting technical exhibits. Task #4 — Meetings and Presentations (1) Participate in one (1) meeting with RCTC staff to present conclusions of KMA's analysis of developer proposals. 90 06096ndh 99900.000.003 Ms. Stephanie Wiggins Riverside County Transportation Commission June 8, 2006 Page 4 (2) If developer interviews are conducted, prepare interviewquestions to be distributed to the prospective development teams. (3) Participate in up to two meetings (2) with public officials (RCTC Property Committee and/or RCTC Board) to brief them on the selection process and receive further direction. Task #5 — Developer Interviews (Optional) (1) Participate with RCTC staff and others on the developer interview panel. Task #6: Developer Negotiations (Optional) (1) Participate in meetings and teleconferences with the developer and RCTC staff to review successive development concepts, financial pro formas, and potential deal terms for an agreement among RCTC and the developer. (2) Prepare independent financig analyses of alternative proposals presented by developer. (3) Assist in negotiations with the developer for the terms of the site disposition, determination of a land price/ground lease proposal, and development of acceptable financing and management plans. Task #7: Documentation and Approval of Transaction (Optional) (1) Review and comment on the draft legal agreement for disposition and development of the site: (2) Prepare a memorandum report justifying the terms of the site disposition, land price/ground lease proposal, and the proposed development's financing plan. (3) Attend up to two (2) meetings or public hearings related to the approval of the proposed development. 91 06096ndh 99900.000.003 Ms. Stephanie Wiggins Riverside County Transportation Commission Budget Estimate June 8, 2006 Page 5 KMA proposes to provide these services on a time -and -materials basis subject to the schedule of standard hourly billing rates (Attachment B). We recommend that RCTC allocate a budget of $70,500 and KMA will not exceed this limit without authorization. Our recommended budget allocation by task is as follows: Task #1 — Developer Qualifications Process Task #2 — Bidder's Conference (Optional) Task #3 — Developer Proposal Process Task #4 — Meetings and Presentations Task #5 — Developer Interviews (Optional) Task #6 — Developer Negotiations (Optional) (1) Task #7 — Documentation and Approval of Transaction (Optional) (1) $6,500 $2,500 $27,500 $10,000 $4,500 $10,000 $9 500 Total $70,500 (1) Note that these figures reflect preliminary budget estimates only. The extent of KMA involvement will vary depending on the number of development concepts and proposals considered by RCTC and the preferred developer. We look forward to assisting you with this important project. Please call if you require additional information. Sincerely, KEYSER MARSTON ASSOCIATES, INC. Paul C. Marra attachments 92 06096ndh 99900.000.003 ATTACHMENT A RELEVANT PROJECT EXPERIENCE KEYSER MARSTON ASSOCIATES, INC. D6096ndh 99900.000.603 93 • Relevant Project Experience Keyser Marston Associates, Inc. City of Riverside — Redevelopment Strategies KMA has served as the economic advisor to the City of Riverside Redevelopment Agency for over 25 years. KMA services have included financial analysis, market demand forecasts, participation in developer interview panels, review of developer qualifications, and assessment of potential development opportunities within various project areas. KMA's services have been utilized by the Agency on a wide range of projects, large and small, throughout the varied redevelopment project areas of Riverside. These projects include: • Breezewood Apartments • California Square • Downtown Riverside Specific Plan • Fox Plaza • Imperial Hardware Redevelopment Project • Market/Magnolia Corridor Land Use Study • University Community Plan Update • University Village • Van Buren Boulevard Widening Study • Valencia Plaza Metropolitan Transit System (MTS) — Morena/Linda Vista Trolley Station Joint Development KMA prepared the RFQ, RFP, and advised the transit agency on selection of the developer for the development of a mixed -use project at the Morena/Linda Vista Trolley Station in San Diego. KMA assisted MTS negotiate a Disposition and Development Agreement and ground lease with the selected developer, evaluated the development's financial feasibility, and recommended deal terms. The transaction closed with a ground lease conveyance in December of 2004 and the development is currently under construction. When complete, the mixed -use development will feature approximately 180 apartments, 25,000 SF of commercial space, and a trolley park -and -ride facility. 94 06096ndh 99900.000.003 North County Transit District (NCTD) — Disposition of North County Properties KMA advised NCTD on the disposition of multiple properties located in the North County cities of Solana Beach, Oceanside, Carlsbad, and Escondido. KMA assisted NCTD on issues related to developer selection and the evaluation of the market and financial feasibility of development proposals. KMA also negotiated terms of development agreements with selected developers on behalf of NCTD. Metropolitan Transit System (MTS) — Grossmont Trolley Station KMA completed a feasibility planning study for proposed mixed -use development at the La Mesa Grossmont Trolley Station with the assistance of Gruen Associates, a planning and 'urban design firm. Based on the study, KMA assisted the City of La Mesa and MTS in the solicitation of developer qualifications and the selection of a developer. Currently, KMA is working with MTS on the financial analysis of a 527-unit mixed -income apartment complex proposed for the site, as well as negotiation of the ground lease between the developer and MTS. The proposed development was recently selected by ULI San Diego/Tijuana to receive a Smart Growth Award. City of Vista - Vista Village KMA assisted the City of Vista with developer selection, financial analysis, and structuring of a Disposition and Development Agreement [or a four -phase, mixed-use/entertainment oriented development located in the City of Vista. Phases 1 and 2, completed in 2002 and 2003, respectively, features a multi -screen Krikorian Theatre, retail space for tenants such as Staples and Linens-n-Things, a Sprouts grocery store, and associated parking. Phase 4 is in the final planning stages and Phase 3 is a future development. City of Santee - Santee Trolley Square KMA assisted the City of Santee and its Community Development Commission with a transit- oriented, mixed -use development planned around the downtown Santee trolley station.The development is proposed to contain a mix of entertainment uses, value retail, restaurants, and public amenities. KMA's responsibilities included assessment of market support for the proposed uses; financial pro forma analyses: of the preferred plan and alternatives; and a fiscal impact evaluation. Los Angeles Metropolitan Transportation Authority — Station Area Development Potential KMA prepared assessments of development potential for surplus parcels adjacent to five Red Line subway stations on Los Angeles' near West Side. LAMTA controls sites measuring 0.50 to 7.00 acres at the new subway stations and seeks to implement in -fill development that will be compatible with the transit use. The KMA studies reviewed local demographic and employment 95 06096ndh 99900.000.003 • • factors and market conditions for retail, office, and local demographic and employment factors and market conditions for retail, office, and residential uses. For each site, KMA recommended the optimal development program. Sites evaluated: Wilshire/Western, WilshireNermont, Vermont/Beverly, Vermont/Santa Monica, and Vermont/Sunset. Los Angeles Metropolitan Transportation Authority — HollywoodlWestern Station Mixed Use Development KMA assisted the LAMTA in ground lease negotiations for a mixed -use development adjacent to the Hollywood/Western station. The project consisted of street front retail, affordable apartments and a day care center. KMA evaluated the development feasibility and estimated the value of the LAMTA holdings. To facilitate development and to obtain tax -credit funding KMA and the LAMTA negotiated a prepaid ground lease for the project. 96 06096ndh 99900.000.003 ATTACHMENT B HOURLY FEE SCHEDULE KEYSER MARSTON ASSOCIATES, INC. 06096ndh 99900.000.003 97 • KEYSER MARSTON ASSOCIATES, INC. HOURLY FEE SCHEDULE 2006/2007 A. JERRY KEYSER* $260.00 MANAGING PRINCIPALS* $260.00 PRINCIPALS* $250.00 MANAGERS* $205.00 SENIOR ASSOCIATES $175.00 ASSOCIATES $155.00 SENIOR ANALYSTS $140.00 ANALYSTS $120.00 TECHNICAL STAFF $90.00 ADMINISTRATIVE STAFF $75.00 Directly related job expenses not included in the above rates are: auto mileage, air fares, hotels and motels, meals, car rentals, taxies, telephone calls, delivery, electronic data processing, graphics and printing. Directly related job expenses will be billed at 110% of cost. Monthly billings for staff time and expenses incurred during the period will be payable within thirty (30) days of invoice date. * Rates for individuals in these categories will be increased by 50% for time spent in court testimony. 98 0609sode 99900.000.003 • AGENDA ITEM 8K • • RIVERSIDE COUNTY TRANSPORTATION COMM/SS/ON DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Sheldon Peterson, Rail Programs Manager THROUGH: Eric Haley, Executive Director SUBJECT: Agreement No. 07-25-006-00 for the Interstate 15 Commuter Rail Feasibility Study BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Award Agreement No. 07-25-006-00 to Wilbur Smith and Associates for the 1-15 Commuter Rail Feasibility Study in an amount not to exceed $100,000; 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission; and 3) Amend the FY 2006/0q Commuter Rail Short Range Transit Plan to reflect this study. BACKGROUND INFORMATION: At its May 2005 meeting, the Commission directed staff to evaluate a new commuter rail line from Temecula to San Diego to accommodate the large number of Riverside County residents who commute south along the 1-15, once the initial Commuter Rail Feasibility Study was completed. The proposed 1-15 Commuter Rail Feasibility Study will examine this segment. In addition given the growth forecast in the 1-15 corridor, the project will include a study of a conventional commuter rail corridor between Temecula and Corona on the 1-15 corridor, maximizing use wherever possible of the former Santa Fe Railroad right-of-way between Lake Elsinore and Corona. Agenda Item 8K 99 In November 2005, the Commission completed the Riverside County Commuter Rail Feasibility Study, which evaluated several commuter rail corridors throughout the County. The project studied extensions of existing or proposed rail 'routes to the Coachella Valley, Hemet/San Jacinto, and Temecula via both the 1-215and Winchester road. The analysis supported advancing two scenarios for inclusion in the next SCAG Regional Transportation Plan update, the Perris Valley extension to Hemet/San Jacinto and the extension to Temecula along the 1-215. Selection Process The Request for Proposal (RFP) was released on May 10, 2006 with a mailing to_ 20 firms. The RFP was also posted on the Commission's website The Commission received two proposals by the deadline of June 12, 2006; STV Inc. and Wilbur Smith and Associates. The proposals were reviewed by the Evaluation Committee comprised of representatives from the city of Corona, the Southern California Regional Rail Authority, and the Commission. The firm selected by the committee to perform the study is Wilbur Smith and Associates. Financial Information In Fiscal Year Budget: Y Year: FY 2006/07 Amount: $100,000 Source of funds: Local Transportationt,Fund Budget Adjustment: N GLA No.: 103-25-81501 P4201 Fiscal Procedures Approved: \14€4.2444`14,2 Date: - 6/26/06 Agenda Item 8K 100 • AGENDA ITEM 8L • RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Plans and Programs Committee Henry Nickel, Staff Analyst Sheldon Peterson, Program Manager THROUGH: Eric Haley, Executive Director SUBJECT: Commuter Rail Program Update PLANS AND PROGRAMS COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to receive and file the Commuter Rail Program Update as an information item. BACKGROUND INFORMATION: IEOC Line Weekend Service to Begin July 15 Beginning on Saturday, July 15A:2006, Inland Empire -Orange County (IEOC) weekend service will begin operating between San Bernardino/Riverside and Oceanside. The service will be as follows: • Trains 858, 860, 857, and 859 will operate on both Saturdays and Sundays between San Bernardino/Riverside and Oceanside. • Trains 856 and 861 will operate Saturdays only between Oceanside and Riverside. IEOC Line Weekend Schedule From San Bemardino From Oceanside STATION 857 Sat/Sun 859 Sat/Sun 861 Sat STATION 856 Sat 858 Sat/Sun 860 Sat/Sun San Bernardino 7:30a 8:55a -- Oceanside 7:45a 2:50p 4:30p Riverside Downtown 7:50a 9:15a 6:06p San Clemente Pier 8.03a 3:09p 4:49p La Sierra 8:01a 9:26a 6:15p San Clemente 8:06a 3:14p 4:54p North Main Corona 8:10a 9:35a 6:22p San Juan Capistrano 8:15a 3:23p 5:03p West Corona 8:17a 9:42a 6:29p Laguna Niguel 8:20a 3:28p 5:08p Anaheim Canyon 8:36a 10:01 a 6:48p Irvine 8:29a 337p 5:17p Orange 8:43a 10:08a 6:.55p Tustin 8:35a 3:43p 5:23p Santa Ana 8:48a 10:13a 7:00p Santa Ana 8:41a 3:50p 5:30p Tustin 8:54a 10:19a 7:06p Orange 8:468 3:55p 5:35p Irvine 9:01a 10:26a 7:13p Anaheim Canyon 8:53a 4:02p 5:42p Laguna Niguel 9:10a 10:35a 7:22p West Corona L9:12a L4:22p L6:02p San Juan Capistrano L9:16a L10:41a L7:27p North Main Corona L9:18a L4:29p L6:09p San Clemente 19:26a L10:51a L7:36p La Sierra L9:26a L4:38p L6:18p San Clemente Pier L9:31 a L10:56a L7:39p Riverside Downtown 9:50a L4:49p L6:29p Oceanside 10:01a 11:21a 8:12p San Bernardino -- 5:20p 7:00p L: Train may leave up to 5 minutes ahead of schedule. Agenda Item 8L 101 This new year-round service replaces the popular Beach Train and Summerlink services of years past. Staff anticipates this service will serve to expand the customer base by introducing new riders to Metrolink as well as enhance service for existing customers. Saturday service began June 3`d on the Orange County Line with Sunday operations beginning July 2. Staff will be working closely with Orange County Transportation Authority (OCTA) throughout the year to promote and enhance this new service. Riverside Line 5,400 5,000 m 4,600 a F 4,200 c 3,800 ac 3,400 3,000 2,600 \-\`,20 ,s, ss,)- A h Passenger Trips Riverside Line °0 Oo�°� �o�° o00 �a•p Month do Do do Ao Vf Daily passenger trips on Metrolink'stRiverside Line for the month of May averaged 4,768, which is up 244 (+5%) from the month of April. Compared to one year prior, the Line averaged an overall daily increase of 459 passenger trips, nearly 1 1 % more than a year ago, May 2005. This indicates the Line is continuing its recovery from recent drops in ridership due to construction, due in large part to the 50% discount approved through May for passengers on the Riverside Line. 100 m 95 9 m. 85 m 80 a 75 - 70 h �a�A hoc Agenda Item 8L On Time Performance (95% Goal) Riverside Line oh oh oy 45p o`' 06 S od`4 C`o 00° �a� fed Month 102 • May on -time performance averaged 94% inbound (-4% from April) and 91 % outbound (-1 % from April). There vvere'20 delays greater than five minutes during the month of May. The following were primary causes: 20% Signalsarack/MOW 4 Dispatching 13 65% Mechanical 0 0% Other 3 15% TOTAL Inland Empire -Orange County Line Passenger Trips Inland Empire Orange County Line 4,600 4,400 c 4,200 4,000 0 3,800 It 3,600 3,400 3,200 Oy O� oh Oh �°� boo �J PJA h h 6 0 §o °,A O° o �a t 4°�0 o PQ�� ,k Month Daily passenger trips on Metrolink's IEOC Line for the month of May averaged 4,477, an increase of 109 trips, 2.5% more than the month of April. The Line has increased, by 667 daily trips or 17.5% from a year-ago May 2005. 100 cu 95 90 a 85 • 80 0- 75 70 On Time Performance (95% Goal) Inland Empire Orange County Line A� p04' Oh Oh �O� PJ� se,/ o°` h h 0 0 0 �o �°,A O°GA �� o N;f(.C° ��o PQ�� a� Month May on -time performance averaged 96% southbound (+1% from April) and 93% northbound (+5% from April). There were 20 delays greater than five minutes during the month of May. The following were primary causes: Agenda Item 8L 103 91 Line Sign als(Track/MO W Dispatching Mechanical Other 2,800 2,600 0 2,400 F 2,200 `0 2,000 ac 1,800 1,600 1,400 Passenger Trips 91 Line 0e� O�� �qa o,' O��A� �a o�0�e'O�ya�6 QQ�� 4•'°. Month Daily passenger trips on Metrolink's 91 Line for the month of May averaged 2,426, an increase of 178 trips or a 7.5%, increase from the month of April_ The Line` averaged an overall increase of 350 (+17%) from a year ago May 2005. Percentage Agenda Item 8L 100 95 90 85 80 75 70 On Time Performance (95% Goal) 91 Line 104 Month • I • May on -time performance averaged 93% inbound (+3% from April) and 96% outbound (+7% from April). There were 20 delays greater than five minutes during the month of May. The following were primary causes: Agenda Item 8L Signals/Track/MOW 2 20% Dispatching 6 60% Mechanical 1 10% Other 1 10 % TOTAL +`... 105 • AGENDA ITEM 8M • • • • RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Plans and Programs Committee Tanya Love, Program Manager THROUGH: Eric Haley, Executive Director SUBJECT: Coordinated Public Transit -Human Services Transportation Plan PLANS AND PROGRAMS COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Approve the release of a Request for Proposal (RFP) to develop a Coordinated Public Transit -Human Services Transportation Plan; and 2) Direct staff to form a technical advisory committee to guide the development of the plan once the consultant has been selected and approved by the Commission. BACKGROUND INFORMATION: i With the passage of the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU), the following two new funding sources for transit service are available: 1) Jobs Access Reverse Commute (Section 5316) provides formula' funding for the development and maintenance of job access projects to transport welfare recipients and low-income individuals to and from work during non -peak hours as well as supply reverse commute options for workers in suburban cores; and 2) New Freedoms (Section 531,7) provides formula funding for new public transportation services and alternatives for people with disabilities beyond what is required by the Americans with Disabilities Act (ADA). 'Previously, FTA made funding available for the Jobs Access Reverse Commute program through a discretionary process. Agenda Item 8M 106 The following chart identifies the funding level, by program, for the three large urbanized areas in Riverside County: Jobs Access Reverse Urbanized Area Commute New Freedoms Indio -Cathedral City -Palm Springs $ 167,671 $ 77,913 Riverside -San Bernardino* 1,025,531 390,840 Temecula-Murrieta 87,126 58,221 Total: $ 1,280,328 $ 526,974 *Actual dollar amount for each county to be determined at a later date. Staff also anticipates that some funding will be available in the Hemet -San Jacinto urbanized area; however, at this time, the actual funding amount has not been identified. Staff attended a meeting with Caltrans on Tuesday, June 20, 2006 to begin discussions on funding availability. In addition to these new funding sources, the 'Federal Transit Administration (FTA) makes funding available through Caltrans for the Section 5310 Program, which provides capital grants for the purpose of assisting private nonprofit corporations and public agencies in providing transportation services to meet the needs of seniors and persons with disabilitie9, for whom public transportation services are otherwise unavailable, insufficient, or inappropriate. SAFETEA-LU requires that programs for the. Section 5310 Program, the Job Access Reverse Commute Program (JARC) and New Freedom Program, be derived from a Coordinated Public Transit -Human Services -Transportation Plan. While SAFETEA-LU did not fully define the elements required for developing'a coordinated plan, the following guidance was subsequently provided by staff from FTA and the Southern California Association of Governments (SLAG) for developing the plan: 1) Create a locally' developed coordinated plan that identifies service gaps and duplication of service; 2) Involve stakeholders in coordinated planning process; 3) With inputfrom stakeholders develop competitive 'project selection from coordinated plan; 4) Create criteria for sub -recipient solvency; 5) Ensure projects comply with the Transportation Improvement Program and the State Transportation Improvement Program; and 6) Coordinate project evaluation methods and create budget for long term grant management. Agenda Item 8M 107 Staff has been actively involved in the on -going discussions regarding the new funding sources and will continue to meet with local, state and federal staff to define the elements required for developing the local coordination plan. In the interim, staff is requesting Commission approval to develop a RFP to assist with developing the coordination plan and recommends that two representatives from Riverside County transit operators be included in the evaluation panel. Once the consultant is selected and approved by the Commission, staff further recommends that a technical advisory committee consisting of a representative from each transit operator together with one member from the Commission's Citizens Advisory Committee/Social Service Transportation Advisory Council be formed to guide the development of the plan. Financial Information In Fiscal Year Budget: Y Year: FY 2006/07 Amount: $100,000 Measure A Specialized Transit - Source of Funds: Western County (50%) Budget Adjustment: Y Local Transportation Funds (50%) 106-65-86205 ($50,000) GLA No.: 106-65-81501 $50,000 225-26-86101 ($50,000) 225-26-81501 $50,000_ Fiscal Procedures Approved: \14.4aytzumo Date: 6/26/06 Agenda Item 8M 108 • AGENDA ITEM 8N • • RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Plans and Programs Committee Tanya Love, Program Manager THROUGH: Eric Haley, Executive Director SUBJECT: Fiscal Years 2003/04, 2004/05 and 2005/06 RCTC and Transit Operators' Triennial Performance Audits PLANS AND PROGRAMS COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Approve staff's request to release a Request for Proposal (RFP) to conduct a performance audit of the Riverside County Transportation Commission's activities and the seven public transit operators providing services in Riverside County; and 2) Direct the Chair to appoint an Ad Hoc Committee to select the consultant to conduct tyie audits. BACKGROUND INFORMATION: In accordance with Public Utilities Code 99246, the Commission is required to designate an entity other than itself to conduct a performance audit of its activities and the activities of each operator to whom it allocates funds. The audits are required to evaluate the efficiency, effectiveness and economy of the Commission and the public transit operators. The audits must be conducted in accordance with the guidelines set by the State Comptroller General's Office. These audits are required every three years and the next audit must be completed by June 30, 2007. The audits will cover FY 2003/04, 2004/05 and FY 2005/06 and will include the Commission and the seven public operators: the city of Banning, city of Beaumont, city of Corona, city of Riverside Special Services, Palo Verde Valley Transit Agency, Riverside Transit Agency and SunLine Transit Agency. It should be noted that RCTC's Commuter Rail Program is included as part of the Southern California Regional Rail Association's performance audit. Agenda Item 8N 109 It is anticipated that the cost for both the Commission audit and the seven public operators should not exceed $100,000 and will be -.paid for with Local Transportation Funds. Financial Information In Fiscal Year Budget: Y Year: FY 2006/07 Amount: $100,000 Source of Funds: Local Transportation Funds Budget Ad ustment: N GLA No.: 106-62-65401 Fiscal Procedures Approved: 0.342,041 Date: 6/26/06 Agenda Item 8N 110 AGENDA ITEM 80 • • • RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Plans and Programs Committee Robert Yates, Program Manager THROUGH: Eric Haley, Executive Director SUBJECT: Announcement of Guaranteed Ride Home Program PLANS AND PROGRAMS COMMITTEE AND STAFF RECOMMENDATION_ This item is for the Commission to receive and file the announcement of the availability of a RCTC Guaranteed Ride Home Service for ridesharers. BACKGROUND INFORMATION: On July 14, 2006, the Mobile Source Reduction Review Committee (MSRC) of the South Coast Air Quality District will formally sunset its "Get Home on Us" program. This program guaranteed an emergency ride home for people who used a rideshare mode for travel to and from work. It was fully funded and managed by the MSRC. In the four years it was in operation; it served 353 enrolled employers throughout the region with an employee pool of 97,135 people. The service provided 305 emergency rides during the contract period. The role of such a program is to fund and provide an emergency ride home for people who rideshare to work. These emergency rides are provided either by contracted rental car or taxi service. By ensuring a means for an emergency ride home for ridesharers, the attractiveness of ridesharing over solo commuting is increased, something which has been substantiated by MSRC surveys regarding the performance of their program. In anticipation of the discontinuance of the MSRC program, the California Transportation Commissions (CTCs) last fall banded together to again cooperate in the provision of a ridesharing service that would be regional in scope with a specialized local delivery mechanism. On July 15, 2006 the CTCs will formally implement its version of the program. This program which is now known as "Guaranteed Ride Home" will continue to provide ridesharers with this emergency ride home benefit. The contractor selected to deliver the service and work at the direction of the Metropolitan Transportation Authority (MTA) is TransVironmental Solutions (TVS) of Diamond Bar, California. TVS was selected as a result of a competitive Request Agenda Item 80 111 for Proposal (RFP) process managed by the MTA with input and review coming from all of the CTC partners. The annual share cost estimated for the Commission is $15,000, which is included in the Commuter Assistance Program budget for FY 2006/07. The servicedelivery' area for the Commission includes all of Western County and the Coachella Valley. Financial Information In Fiscal Year Budget: Y Year: FY 2006/07 Amount: $15,000 Source of Funds: Measure A Budget Ad ustment: N GLA No.: 266 41 65520 P21 16 Fiscal Procedures Approved:\1414,4,„vjktij; Date: 6/21 /06 Agenda Item 80 112 • AGENDA ITEM 8P • RIVERS/DE COUNTY TRANSPORTATION COMM/SS/ON DATE: July 12, 2006 TO: Riverside County Transportation -Commission FROM: Plans and Programs Committee Brian Cunanan, Staff Analyst Robert Yates, Program Manager THROUGH: Eric Haley, Executive Director SUBJECT: Fiscal Year 2006/07 Measure A Commuter Assistance Buspool Subsidy Funding Continuation Requests PLANS AND PROGRAMS COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to authorize payment of $1 ,645/month per buspool ' for the period July 1, 2006 to June 30, 2007 to the existing Riverside, Moreno Valley, Corona and Mira Loma buspools. BACKGROUND INFORMATION: As part of the Measure A Commute, Assistance Program, the Commission provides funding support to buspools used by 'Riverside County residents for their commutes along the SR-91 and SR-60 corridors. The Commission adopted the Measure A buspool subsidy in October 1990 and established a monthly subsidy rate of $1,175 or $25/seat/month in support of commuter buspool operations. To provide additional guidance, the Commission also established a minimum buspool ridership policy in June 1995. The policy requires staff to report to the Commission when a buspool's ridership falls to 25 or below and seek direction regarding the continuation of the buspool's subsidy. In July 2004, the Commission set the subsidy rate to $35/seat/month to help with increased operational costs realized by j buspool riders during the previous 14 years. While the monthly cost of each buspool varies according to the number of route miles and the resulting negotiated service price, the Commission's monthly subsidy reflects a subsidy rate of 16%. Average Monthly Buspool `- Fare Per Seat $ 216.50 RCTC Subsidy Per Seat $35.00 Subsidy Rate . 16% The four existing buspools have completed all the requirements for funding as set forth by the Commission including submittal of monthly ridership reports and annual funding continuation requests. The buspools have consistently exceeded Agenda Item 8P 113 the minimum ridership level of 25 riders per month and have collectively averaged` 42 riders/month/buspool this current fiscal year, Corona Average Roundtrip RidersJMonth :: � Distance 42 --110 mi Annual Miles Saved 1,183,107 Annual One -Way Trips Reduced 21,472 Mira Loma 37 --123 mi 1,167,364 18,920 Moreno Valley 46 ---158 mi 1,883,992 23,848 Riverside 41 --135 mi 1,424,337 21,164 5,658,800 Miles Saved 85,404 Trips Reduced It is estimated that approximately 5.6 million miles were saved in FY 2006/07 by the current buspool operation. In addition, while considering other factors such as the reduction of vehicles on SR-91 and SR-60 during peak periods and the elimination of mobile source emissions, the annual buspool subsidy is an effective use of Measure A Commuter Assistance funds. Financial Information In Fiscal Year Budget: Y Year: \. FY 2006-07 Amount: $98,700, Source of Funds: Measure A funds Budget Ad ustment: N GLA No.: 226-41-81030/ P2109 Fiscal Procedures Approved: \;�,,tt Date: 6/26/06 Attachments: Continuation Requests Agenda Item 8P 114 • Marcia Pasquarella 2705 Monserat Circle Corona, CA. 92881 May 25, 2006 Attn.: Brian Cunanan, Staff Analyst Riverside County Transportation Commission P.O. Box 12008 Riverside, CA. 92502-2208 Dear Mr. Cunanan, In compliance with the requirements of the Riverside County Transportation Commission (ROTC), I am requesting an extension of funding for the period of July 1, 2006 to June 30, 2007 for the "Lake Elsinore" (Lake Elsinore/Corona) to El Segundo Commuter Buspool. This bus no longer picks up or delivers to Lake Elsinore, but picks up and delivers to the Corona park and ride. I am the buspool operator and coordinate this buspool independently from any employer. The monthly cost to operate this buspool from Odyssey is $220 per rider with gas increase. RCTC provides a $35 monthly subsidy per seat and the remaining is $185, which is provided from the riders and their employers. Ridership on this buspool has averaged 42+ passengers a month for the first three quarters of FY 2005/2006. The following is the Lake Elsinore buspool schedule: AM Departure AM Arrival PM Departure PM Arrival Corona Park & Ride Lot El Segundo El Segundo Corona Park & Ride Lot 4:50 a.m. 5:45 a.m. 3:50 p.m. 5:15 p.m. Information on this buspool is available with rideshare programs at Boeing, Raytheon, Aerospace and the Los Angeles Air Force base. Employees receive this information through direct mailings, newsletter articles and electronic messaging from these employers. The employer rideshare programs also share this information with other local employee transportation coordinators. Thank you for your support of this buspool program. Sincerely, Marcia Pasquarella Lake Elsinore Buspool Operator 115 05/25/2008.THU 08:45 FAX 310 338 1208 PROPERTY MANAGEMENT 76935 BC/KC HARLAN A LP RT Send cot respondcnces to: Aerospace Corporation 2350 E. El Segundo 131vd. El Segundo, CA 90245-4691 May 25.2005 Attn.: Briars Cunanan. Staff Analyst Riverside County Transportation Commission f .O. Box 12008 Riverside, CA. 92502-2208 Dear Mr. C unaaan. RIECIEBWE lh MAY 30 2006 RIVERSIDE COUNTY TRANSPORTATION COMMISSION -1 In compliance with the requirements of the Riverside County Transportation Commission (RCPC). 1 am requesting an extension of funding for the period of July I. 2006 to June 30. 2007 for the "Mira Loma" (Mira Lor ra/Corona) to El Segundo Commuter Auspool. I am the buspool operator and coordinate this buspool independently from any employer. The monthly cost to operite this buspool from Tourcoach is S212. ROTC. provides a $35 inonthly subsidy per seat and the remaining S177 is provided between the riders and their employers. Ridership on this busmil has averaged 39 passengers per month for the first three quarters of FY 2005/2006. The following is the Mira Loma/Corona uspool schedule: AM Departure AM Departure AM Arrival PM Departure PM Arrival PM Arrival Mira Loma 4:10 am. Corona Park k Ride Lot 4:25 a.tn- EI Segundo 5:30 a.nr El Segundo 3:00 p.m. Corona Park R Hide Lot 4:30 p.m. Mira Lorna +45 p.m - Information on this huspool is available with rideshar0 programs at Boeing. Raytheon, Aerospace - Corporation and the Los Angeles Air FOlte base. Employees receive this inlorntdOn through direet mailings, newsletter articles and electronic messaging from these employers. "these employer rideshare.prograntc also share this information with other local employee transportation coordinators. Thank you for you continued support of this successful buspool program. Sincerely. Harlan Alpert Mira Loma Buspool Operator 116 0 CUIIU Raytheon Company c/o Jacquelene Dyles Peters 2000 E. El Segundo Blvd. EO/E01/A114 El Segundo, Ca. 90245 May 25, 2006 Attn.: Brian Cunanan, Staff Analyst Riverside County Transportation Commission P.O. Box 12008 Riverside, CA. 92502-2208 Dear Mr. Cunanan, ircEtinfh) Liu MAY 3 0 Zoos OUNTY TRANSPORIVRTAi ON COMMISSION 76934 BC/KC In compliance with the requirements of the Riverside County Transportation Commission, (RCTC), I am requesting an extension of funding for the period of June 1, 2006 to June 30, 2007 for the "Inland Empire" (Moreno Valley) to El Segundo Commuter Buspool. I am the buspool coordinator. The monthly cost from West Coast Bus Lines Inc. is $222 per rider with gas increase. RCTC provides a $35 monthly subsidy per seat and the remaining is $187, which is provided from the riders and their employers. Ridership on this buspool has averaged 46+ passengers a month for the FY 2005/2006. The following is the Moreno Valley buspool schedule: AM Departure AM Arrival PM Departure PM Arrival Moreno Valley Mall (Park & Ride) Lot 3:40 a.m. El Segundo 5:00 a.m. El Segundo 3:30 p.m. Moreno Valley Mall (Park & Ride) Lot 5:15 p.m. Information on this buspool is available with rideshare programs at Boeing, Raytheon, Aerospace and the Los Angeles Air Force base. Employees receive this information through direct mailings, newsletter articles and electronic messaging from these employers. The employer rideshare programs also share this information with other local employee transportation coordinators. Thank you for your support of this buspool program. Sincerely, Jacqu§iene Dyles Peters Coordinator, Inland Empire Bus Pool Wk 310-647-9571 jdpeters@raytheon.com 117 MAY 3 0 20f Raytheon Company Attn: vela ;Abmscato R /107lI' 02 PO Box 902 El Segundo, CA 91245-0902 'tune 8, 2006 Attn: Brian Cunatian, SAlyst Riverside County Transportation Com PO Box 1200 Riverside, CA 92 02-2208 Bear Mr. C In compliance with the requirements o theRivexa de 'I'ransporta l° Commission (EtC I`C), Iam requesting an tension of funding perit�l o� J lv I, 2006 to brie 30, 2007 for the "Riverside's to El Segundo Commuter Bu pool. am the Buspool operator and coordinate this Buspool independently from any employer, i e toonthly cost to operate this &spool from Teem/coach is $212 $35 monthly subsidy per scat: and the remaining $177 is provided betweethe riders and their employers, fi.dership on this buspool has averaged ed 40 passengers per month for the first three' quarters ofF f' 200 /2006. fol I PIS D PM ,Atnival PM oval i Triforr ation on this bu Corporation and the direct makings, net einployer rideshare programs coordinators. the Riverside r El Segia. at Tyler, Riverside rk & Ride Lot n, EI Segupdo El Segundo r. Park 84Ride Lot a at Tyler, Riverside Thai* you for your continued support o actinic. 4:20 aim 4:30 a.m. 5:30 am. 3:20 p " 4:30 p m: 445 pm ROTC provides a programs at R yth +n " , A.erca j Employees, receive runic rnessaeng .from these other local mnp o ee t ranspo natioh ce+essf�l b 118 • AGENDA ITEM 8Q • • RIVERSIDE COUNTY TRANSPORTATION COMM/SS/ON DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee John Standiford, Public Affairs Director THROUGH: Eric Haley, Executive Director SUBJECT: State Legislative Advocacy Agreement BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Approve Agreement No. 07-14-009-00 to Smith, Watts & Company for State Legislative Advocacy Services; and 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission. BACKGROUND INFORMATION: Since 1998, the Commission has shared a contract for state advocacy services with San Bernardino Associated Governments (SANBAG). During this shared era, the Commission has not only shared legislative advocacy contracts with SANBAG but previously employed a shared staff member who coordinated and led legislative affairs efforts. During the past three years, the Commission and SANBAG have begun to implement separate legislative efforts while still working in close cooperation regarding regional matters. Staff members are no longer shared between the two agencies and on September 30, 2006, the joint legislative advocacy contract will expire. The current contract is held by Smith, Watts & Company, which has provided the Commission with the services of veteran lobbyists D.J. Smith and Mark Watts. Both are well -respected transportation experts with years of experience in Sacramento with leaders of both political parties and in a number of transportation responsibilities. Mr. Watts, who serves as the lead consultant on the current contract, has served as Chief of Staff for then -Assembly Speaker Curt Pringle and also as an Undersecretary for Transportation in the state's Business, Transportation and Housing Agency. He helped lead a statewide effort to fund Proposition 42 during the last two state budgets. Agenda Item 8Q 119 While the Commission has been served capably by Smith, Watts & Company for a number of years, staff issued a Request for 'Proposals (RFP) in May for State Advocacy Services: Doing so reflects the Commission's longstanding commitment to encouraging open bidding and competition for outside contracts. The RFP was mailed to a number of lobbying firms and posted on the Commission's website. Staff also received a number of phone calls from firms who were interested in the opportunity; however, on the proposal due date of June 7, only two bids were received by the Commission. One was from Smith, Watts & Company and the other was from TMG Government & Public Relations. An evaluation committee comprised of Commission staff reviewed the two proposals and unanimously recommended the selection of Smith, Watts & Company for a new contract. The firm's experience, expertise in transportation matters, leadership position in statewide organizations such as Transportation California, references and cost bid were superior in every. respect. State representation will be increasingly important in coming years assuming that the Governor's Strategic Growth Plan, which includes $19.95 billion for transportation, is approved by voters in November. Smith, Watts & Company's proposal complies with the Commission's RFP specifications which sought a four-y\kar contract. Staff_ recommends the approval of a four-year agreement with a two-year option at a cost of $64,000 annually, which would increase to $68,500 beginning in 2008. This represents an increase from the current annualized cost of $54,750 but recognizes additional consultant hours for the Commission. These hours will not be shared by the two agencies. It is also more than $40,000 less than the fee sought by the competing bidder and favorable when compared to similar agencies. Financial Information In Fiscal Year Budget: Y Year: FY 2007/08 Amount: $64,000 Source of Funds: Measure A, LTF, and other Budget Ad ustment: N GLA No.: 5-15-65506 Fiscal Procedures Approved: \4444,t Date: 6/26/06 Agenda Item 8Q 120 • AGENDA ITEM 8R • • RIVERS/DE COUNTY TRANSPORTATION COMM/SS/ON DATE: July 12, 2006 TO: Riverside County Transportation Commission , FROM: Budget and Implementation Committee John Standiford, Public Affairs Director THROUGH: Eric Haley, Executive Director SUBJECT: State and Federal Legislative Update BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Adopt the following bill position: AB 1699 (Frommer, D-Glendale) - OPPOSE UNLESS AMENDED ' (Change in Position); and 2) Receive and file the State and Legislative Update as an information item. BACKGROUND INFORMATION: Y Federal Update: House Passes Transportation, Treasury, Housing and Urban Development (TTHUD) Appropriations Bill (HR 5576) In mid -June Congress approved a $67.8 billion TTHUD Appropriations Bill, which includes funding for transportation as well as a number of other items. Of the $67.8 billion total, the issue that has received considerable amount of attention and engendered controversy is the issue of earmarks, which are funding for individual projects that are inserted into the bill by Members of Congress. This year, the amount of money set aside for earmarks is $895 million, which is down from last year's total of $3 billion. Since these earmarks include the entire scope of the subjects .covered by this appropriations bill, projects that have been identified for funding run the gamut from freeway widenings and airport improvements to community centers and swimming pools. Given the reduction of the overall amount that was earmarked, there are fewer Riverside County projects that received funding compared to last year's bill; however, the County and the Inland Empire fared much better than a number of neighboring areas including Orange and San Diego Counties. Agenda Item 8R 121 The Riverside County surface transportation projects that received funding' in this bill include: • 1-10/Ramon Road Bob Hope Interchange $ 500,000 • State Route 60 Potrero Road Interchange $ 500,000 • Grade Separations in Riverside $ 500,000 • Riverside and Corona Transit Centers $1,250,000 • Riverside Transit Agency Bus Stop Upgrades $ 250,000 • Suntine Transit Agency Bus Replacement $ '500,000 In addition to the above surface transportation improvements, 'Palm Springs Airport is in line for a $2,million earmark for improvements to the air control tower. All of these earmarks are contained in the House version of the appropriations bill, and it still has to make its way to the Senate, which could result in more earmarks and potential changes in funding to earmarks in the House bill. That's a roundabout way of saying that there are still quite a few steps involved before a bill is finalized and sent to the President. Emergency Supplemental Appropriations Bill Signed by President On June 15, the President signed FIR 4939, which is a $94.5 billion emergency supplemental appropriations bill auth4ed by Committee Chairman Jerry Lewis. The primary focus of the bill is to provide funding for the War on Terror and for Disaster Relief. Included in the disaster relief portion of the bill is $245 million to the state of California for the reimbursement of costs incurred for emergency work on California's roads and highways during the vvinter storms of December 2004. Riverside County is listed among seven others where this work took place. State Update: CTC and Ca!trans to Hold Workshop on. Bond Program ,. On June 27, Deputy Executive Director Anne Mayer traveled to Sacramento to participate in a workshop regarding the bond proposals that will appear on the November ballot. Should the transportation bonds pass, the California Transportation Commission (CTC) will play an important role in establishing the criteria used to select projects for funding. The meeting on the 27' is one. of the first steps in the process that will take place to develop policies to be established after November's election. Agenda Item 8R 122 • AB 1699 — Bill Would Hamper Metrolink Operations AB 1699 by Assemblyman Dario Frommer (D-Glendale) attempts to address the issue of commuter rail safety. Since its inception, Metrolink has operated trains in a push-pull configuration that allows a locomotive to either pull the passenger cars or push the passenger cars with the locomotive in the back. The form of operation omits the need to turn the train around at the end of a run or to operate multiple locomotives. This type of operating system is used throughout the world by passenger train systems including Amtrak. Metrolink's darkest day occurred on January 26, 2005, when 11 people were killed in a crash that is about to be the subject of a murder trial since it appears to have been deliberately caused. One train that was involved in the incident was being pushed by a locomotive and was derailed in the impact. Some critics believe that the crash was much worse because the initial impact was borne by a light cab car rather than a locomotive. The crash took place in Assemblyman Frommer's district. Since the incident, he has been an outspoken critic of push-pull operations. As recently amended, AB 1699 would prohibit passengers from sitting in the first 10 rows of any cab car that is used in push configuration until 2010. Beginning January 1, 2010, operating a commuter train in push configuration would be prohibited. The wording in the bill is so absolute that a commuter rail system wouldn't even be able to run a train in push configuration with an entirely empty car in the front. Since the Glendale crash, Metrolink has taken a proactive approach regarding the push-pull controversy. In March, United States Transportation Secretary Norm Mineta appeared at a press conference with Metrolink's Executive Director David Solow to promote rail safety and to highlight the purchase of new cab cars that feature a design trait known referred to as "crash energy management" which is a system designed to distribute the impact of a crash throughout the train so passengers can avoid injuries. Crash tests of this new cab car have shown significant promise, and Metrolink has approved a $305 million contract to purchase new cab cars. Unfortunately, the Frommer bill ignores this promising development and is so absolute that Metrolink operations would be severely undermined by a complete ban on push operations. Commission staff suggests an OPPOSE UNLESS AMENDED position on AB 1699 with the hope of seeking amendments to the bill that would encourage Metrolink's ongoing safety efforts. A ban on push operations would either require locomotives on both ends of passenger trains or the Agenda Item 8R 123 construction of railroad infrastructure known as "wyes" that are expensive, require large portions of land to construct, and would allow trains to turn around. To further confuse this issue, Commission previously took a SUPPORT position on AB 1699 when it concerned the issue of design build. On June 13, what was once a bill that would have allowed design bid contracting was gutted and amended into its current form. Attachment: Legislative Matrix Agenda Item 8R 124 • RIVERSIDE COUNTY TRANSPORTATION-COMIVIISSION POSITIONS -ON -STATE -AND FEDERAL LEGISLATION UPDATED June 27, 2006 e , STATE LEGISLATION fp _," '-. AB 426 (Bogh) This bill would require Caltrans to convert all HOV lanes on state highways in Riverside County that currently operate on a 24-hour basis into part-time HOV lanes that operate as mixed -flow lanes except during peak periods, subject to any required approvals of the federal government. Bill is dead. SUPPORT IN CONCEPT 4/13/05 AB 453 (Benoit) This bill would extend the time limit that is currently in place under state law for state funding of railroad grade crossings. 9/22/05 — Signed by Governor. SUPPORT 4/13/05 AB 850 (Canciamilla) This bill would authorize the Department of Transportation to enter into comprehensive development franchise agreements with public and private entities for specified types of transportation projects subject to certain requirements and conditions. The bill would require a franchise agreement to allow the department to acquire by condemnation or negotiation the financial value of a competing toll facility if it opens a competitive state facility in the same corridor. Bill is dead. SUPPORT WITH AMENDMENTS 4/13/05 AB 1266 (Niello) This bill would generally authorize the Department orrransportation to award contracts for projects using the design -sequencing contract method, if certain requirements are met. Bill is dead. SUPPORT 4/13/05 AB 1699 (Frommer) As amended, this bill bans passenger seating in the first 10 rows of Metrolink forward cab cars in the "push" mode by 2007, and bans altogether the "push" mode beginning in 2010. The original bill stated the intent of the Legislature to authorize certain transportation authorities to use a design -build process for bidding on one highway construction project. 6/13/06. Passed by Assembly, amended, and referred to Senate Committee on Transportation & Housing OPPOSE UNLESS AMENDED (change in position from "SUPPORT IN CONCEPT") Pending Commission Approval AB 1714 (Plescia) This bill would require the construction of the more affordable skyway structure and would limit the use of additional toll revenue to seismic retrofit projects such as the Bay Bridge repair, The state's responsibility of $300 million will be for the demolition of the old bridge. The rest of the money needed to complete the new bridge would have to be raised from a combination of increased tolls, local bond sales and existing state and federal highway appropriations. AB 1714 reflects the Governor's position on the Bridge issue. Bill is dead. SUPPORT 5/11/05 125 v z AB 2015 (Lieu) As amended, this bill would add one seat to the South Coast Air Quality Management District board for the South Bay cities in Los Angeles County. The original bill added one seat to each of the counties in the SCAQMD region; however, the bill was amended to only allow one seat to be added to accommodate the coastal cities in L.A. county whose seat is perennially dominated by the City of Los Angeles. ; 6/13/06. Passed by Assembly; in Senate, referred to Committee on Local Government OPPOSE 6/14/06 AB 2025 (Niello) This bill wouldauthorize the department to contract using the design- build process, as defined, for the design and construction of transportation projects. 4/17/06 Hearing postponed by Assembly Transportation Committee SUPPORT AB 2028 (Huff) This bill would state the intent of the Legislature to provide an appropriation in the Budget Act of 2007 or in related legislation during the 2007-08 fiscal year to repay fully all funds which would have been transferred to the Transportation Investment Fund in previous fiscal years. 2/15/06 From Printer. No hearing date set. SUPPORT 4/12/06 AB 2630 (Benoit) Originally, this bill lifted a ten-year moratorium on cities utilizing PUC funds -for grade separation projects before they could again pull funding for another grade separation. The bill also allowed a local 10% match to substitute for the required 10% match by railroads for grade separation projects. The bill was amended to eliminate the local match option, keeping railroads responsible for a 10% match, and the ten-year restriction remains unless Caltrans deems that there are extra funds available to fund another grade separation in the city. The bill is sponsored by the City of Riverside. Passed Assembly floor, in Senate, referred to Committee on Transportation & Housing on 6/3/06 SUPPORT 1/12/05 ACA 4 (Plescia) This measure would delete the provision authorizing the. Governor and the Legislature to suspend the transfer of revenues from the General Fund to the Transportation Investment. Fund for a fiscal year during a fiscal, emergency, specific to Proposition 42. Approved by Assembly Transportation Committee on 1/10/06 and referred to Appropriations. SUPPORT 3/18/05 ACA 9 (Gogh) This measure would change the vote requirement to 4/5 of the membership of each house of the Legislature in order to enact a statute suspending in whole or in part the transfer of motor vehicle tax revenue from the General Fund to the Transportation Investment Fund, specific to Proposition 42. Approved by Assembly Transportation Committee on 1 /10/06 and referred to Appropriations. SUPPORT 3/18/05 126 • • • ar®�� a ® _ r° `.aTT ;. ACA 11 (Oropeza) This measure would delete the provisions authorizing the transfer of revenues from the General Fund to the Transportation Investment Fund to be suspended. The measure would authorize the Legislature to loan funds in, the Transportation Investment Fund to the General Fund or any other state fund or account, or to local agencies, under conditions that are similar to conditions applicable to loans of revenues under Article XIX of the California Constitution, and would require interest to be paid on a loan that is not repaid within the same fiscal year as it was made, specific to Proposition 42. Approved by Assembly Transportation Committee on 1 /10/06 and referred to Appropriations. SUPPORT 9/14/05 ACA 22 (LaMalfa) Proposed Constitutional Amendment would severely restrict the use of eminent domain. Bill is Dead. SEEK AMENDMENTS 4/13/05 ACA X 1 4 (Keene) This measure would, on and after July 1, 2006, prohibit the transfer of funds from a special fund to the General Fund as a loan, with specified exceptions. Any funds that were transferred prior to that date from a special fund for the purpose of making a loan to the General Fund and that have not been repaid would be required to be repaid over the next 15 years. In exchange, Proposition 42 would be permanently protected in the future. Y" Amended. Re- referred to Committee on Budget Process 4/12/05. WATCH 5/11/05 SB 371 (Torlakson) This bill would allow state, regional, and local transportation authorities to try design -build contracting under specific criteria and for these projects to be audited to determine the success or failure of use of design -build by these transportation entities. 1/31/06 In Assembly. Read first time. Held. SUPPORT IN CONCEPT 4/13/05 SB 427 (Hollingsworth) Originally, this bill would exempt from CEQA requirements the construction of any overpass, onramp, qr offramp that is built on an existing State Department of Transportation (CALTRANS) right -of- way. It has now been amended to make changes to the environmental scoping process and additional amendments are likely. 2/16/06 To Committee on Natural Resources. SUPPORT 7/13/05 SB 561 (Runner & Torlakson) This bill would provide additional transportation options in allowing for toll facilities, but does so in a manner that eliminates the inherent unfairness to the public from the imposition of non -compete clauses. 1/31/06 Returned to Secretary of Senate. SUPPORT 4/13/05 SB 705 (Runner) This bill would authorize the Department of Transportation to contract using the design -build process for the design and construction of transportation projects. The bill would require the director of the department to establish a prequalification and selection process. 2/1 /06 Returned to Secretary of Senate. SUPPORT 12/14/05 127 SB 1024 Torlakson & Perata) This bill would enact the Safe Facilities, Improved Mobility, and Clean Air Bond Act of 2005 to authorize $7,688,000,000 in state general obligation bonds for specified purposes, including the seismic retrofit of toll bridges, levee improvements, restoration of Proposition 42 transportation funds, port infrastructure and security projects, trade corridors of significance, emissions reduction projects, environmental enhancement projects, .and transportation needs in cities, counties, and cities and counties that meet certain requirements relative to provisions of housing needs in their communities, subject to voter approval. 1 /31 /06 In Assembly. Read first time. Held. SUPPORT WITH AMENDMENTS 4/12/06 SB 1812 (Runner) SCA 15 (McClintock) This bill allows the State of California to waive its 11`" Amendment protection against lawsuits brought in federal court and assume responsibility for enforcing NEPA regulations under a pilot program included in SAFETEA-LU. The bill streamlines the environmental process and is sponsored by. Caltrans, who is actively seeking to participate in the program: Proposed Constitutional Amendment would severely restrict the use of eminent domain. FEDERAL LEGISLATION Language added to another bill and approved. 8/30/05 Set first hearing. Failed passage in Committee 3-2. Reconsideration granted. SUPPORT SEEK AMENDMENTS 4/12/06 9/14/05 H.R. 3 (Young) H.R. 5329 (Miller) The U.S. House of Representatives approved H.R. 3 authored by Alaska Republican Don Young which provides a six -year renewal of the Federal .Transportation Act. Known as SAFETEA-LU (Transportation Equity Act; A Legacy for Users), H.R. 3 authorizes the expenditure of $284 billion over six years on federal transportation programs and also sets a number of federal transportation policies. Co -Sponsored by Rep. Ken Calvert (R-Corona), this bill priveds $390 million in federal funding for a series of improvements on SR-91 in Riverside and Orange Counties, consistent with RCTC and OCTA's official priorities for the corridor. Signed by the President on Aug 10 5/10/06. Referred to House Subcommittee on Highways, Transit, and Pipelines SUPPORT SUPPORT' 4/13/05 6/14/06 AGENDA ITEM 8S RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Min Saysay, ProgramManager THROUGH: Eric Haley, Executive Director SUBJECT: Amendment to Escrow No. 25123194MA Between the Community Facilities District No. 88-8 of the County of Riverside and the Commission STAFF RECOMMENDATION: This item is for the Commission to: 1) Approve an amendment to the Inducement, Escrow and Workout - Agreement by and between the Communities Facilities District No. 88-8 of the County of Riverside ("A" Street - North) and the Commission; and 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf ofthe Commission; and 3) Approve Amended Escrow Instructions between the Communities Facilities District No. 88-8 of the County of Riverside and the Commission; and 4) Authorize the Chair, pursuant to legal counsel review, to execute said instructions; and 5) Approve that the Tax Protocol Agreement by and between the County of Riverside and the Commission be ratified. BACKGROUND INFORMATION: In 2004, the Commission and the County of Riverside, on behalf of the Communities Facilities District No. 88-8 (District), negotiated for the purchase of five parcels (Property). The Property was available for purchase after the prior owners of the property defaulted on CFD taxes and the County foreclosed on the parcels. The District and the Commission entered into Joint Escrow Instructions and an Inducement, Escrow and Workout Agreement on November 15, 2004 and November 16, 2004, respectively. Agenda Item 8S 129 The cost of the Property to the Commission has two components, first, there is the value of the land itself, and second, the Commission will be required to pre -pay the District taxes on the Property. During the two years since this item was approved by the Commission, the principal of the outstanding bonds has decreased while the land value has increased. Overall, the purchase price (land value plus pre -payment) is now $1,639,472, which is $276,838 less than the amount ($1,916,310) previously presented to the Commission. The Commission previously deposited $986,310 into escrow for this purchase; a revised balance of $653,162 is due upon close of escrow. A number of technical amendments to the agreements, as well as the adjustment to the purchase price discussed above must be approved by both the Commission and the District. The agreements set forth the terms by which the Commission will acquire the Property within the District and pay the delinquent special taxes. The total acreage of the Property is 15.24. The APNs are 317-110-029-2; 317-110-030-2; 317110-031-3; 317-110-032-4; and 317-110-404-1. Financial Information In Fiscal Year Budget: Y Year: FY 2006/07 Amount: $ 25,210.00 Source of Funds: Transportation Uniform Mitigation Fee (TUMF) Budget Adjustment: No GLA No.: 210 73 81401 P5123 Fiscal Procedures Approved: \ite4,40, o Date: 07/03/06 Attachments: 1) Amendment to Escrow Instructions 2) Amendment to Inducement, Escrow and the Workout Agreement 3) Protocol Agreement Agenda Item 8S' 130 • • July 11, 2006. AMENDMENT TO JOINT ESCROW INSTRUCTIONS DATED NOVEMBER 15, 2004 VIA FASCIMILE AND U. S. MAIL Stewart Title of the Inland Empire 3403 Tenth Street, 4`h Floor Riverside, California 92501 Attention: Millie Arnold Re: Community Facilities District No. 88-8 of the County of Riverside ("A" Street - North) Riverside County Transportation Commission APN: 317-110-029-2, 317-110-030-2, 317-110-031-3, 317-110-032-2, 317-110-040-1 Escrow No. 25123194MA Dear Ms. Arnold: This constitutes an amendment ("Amendment") to the Joint Escrow Instructions dated November 15, 2004, delivered to you iiNconnection with that certain Inducement, Escrow and Workout Agreement (the "Agreement")'sdated as of November 16, 2004 by and between Community Facilities District No. 88-8 of the County of Riverside ("A" Street - North) (the "District") and Riverside County Transportation Commission ("RCTC") in a transaction involving the purchase of certain land parcels described in the Agreement (the "Parcels") and the transfer of such Parcels from the District to ROTC ("Escrow Instructions"). The District and RCTC have entered or will shortly enter into an Amendment to Inducement, Escrow and Workout Agreement which amends the Agreement to: (i) amend and replace Exhibit A to the Agreement in its entirety; (ii) define "Purchase Price" as $1,137,742.92 provided that the Close of Escrow as to all Parcels occurs no later than August 1, 2006; (iii) define "Prepayment Amount' as $501,728.84 provided the Close of Escrow occurs no later than August 1, 2006; and (iv) provide that Close of Escrow" or "Close" as to all Parcels shall occur no later than August 1, 2006. The Agreement, as amended, is collectively referred to as the "Agreement." The District and RCTC have, agreed to amend the Escrow Instructions to update the provisions thereof consistent with the Agreement as amended. Between June 20, 2006 and Close of Escrow (as defined below), by written notice to you, the District may reduce the Prepayment Amount as a result of its receipt of payments, if any, of currently delinquent District special taxes on property owned by parties other than the District or Majestic Oakwood, LLC, a Delaware limited liability company. Should that occur, subsequent to the Close of Escrow and no later than August 31, 2006, the Fiscal Agent shall refund to �1 1 CFD 88-8 — RCTC — Amendment to Joint Escrow Instructionstat Draft RCTC the difference between the amounts received from RCTC for the Prepayment Amount and the amount owing for prepayment on the Prepayment Parcels, as reduced. Except as amended herein, you are to follow the November 16, 2004 Escrow Instructions. Terms not otherwise defined herein shall have the meanings set forth in the November 16, 2004 Escrow Instructions and/or the Agreement. This Amendment to the Escrow Instructions shall not constitute an amendment to the Agreement nor shall anything herein be deemed to modify the terms of the Agreement. ,In the event that the terms of the Escrow Instructions, as modified by this Amendment, and the terms of the Agreement conflict in anyway, the terns of the Agreement shall control. 1. Section A.1, (d) is deleted in its entirety and replaced as follows: "(d) No later than (4) calendar days prior to the Close of Escrow, a "Notice of Election to Prepay" by which it provides notice of its election to prepay and permanently satisfy the Special Tax obligations of the Parcels." 2. Section A.1. (e) is added as follows: "(e) No later than (4) calendar days prior to the Close of Escrow, Available Funds in an amount sufficient to cover the difference between the Purchase Price, as amended herein, and the amount deposited pursuant to A.1.(b) plus any interest earnings accumulated in the escrow accounts;" 3. Section A.1 (f) is added as follows: "(f) No later than (4) calendar days prior to the Close of Escrow, Available Funds in the amount of the Prepayment Amount." 4. Section A.1 (g) is added as follows: "(g) Nolater than (4) calendar days prior to the Close of Escrow, a copy of the fully executed Amendment to Inducement, Escrow and Workout Agreement." 5. Section C. is deleted in its entirety and replaced by the following: "C. Escrow for all of the Parcels shall Close no later than August 1, 2006, which shall be referred to as the "Closing Date" so long as: 1. ` The District has deposited a Deed into Escrow as to all Parcels; 2. You hold all documents and instruments required by Sections A.1 and 2 of the Escrow Instructions as amended hereby which are necessary to convey fee title to the Parcels to RCTC; 3. You hold Cash in an amount which is equal to the Purchase Price, as amended hereby; 2 CFD 88-8 — RCTC — Amendment to Joint Escrow Instructionsta2 Draft • • 4. You hold Cash in an amount which is equal to the Prepayment Amount, as amended hereby; and, 5. You notified RCTC and the District that you received the items specified in subsections 1, 2, 3, and 4 above. 6. You have received from RCTC and the District a written notice specifying a date for Close of Escrow." 6. Section D.1. is deleted in its entirety and replaced by the following: "1. The Available Funds deposited into Escrow by RCTC for the Purchase Price, and the Prepayment Amount, as amended hereby, shall immediately be wired from Escrow to the Fiscal Agent as follows: BANK: U.S. BANK, N.A. ABA#: 091000022 FBO: U.S. BANK TRUST N.A. ACCT: 180121167365 FFC: 47300017 REF: 107953-001 ATTN: Default TFM — Scott Eekhoff 7. The first sentence of section C.6. is amended to read as follows: "6. Deliver one "conformed" copy of the Deed and Notice of Cessation, showing recording information to:" If the foregoing Amendment to the Escrow Instructions is acceptable to you, and you agree to comply in full therewith, please evidence such acceptance by executing and delivering to the undersigned an enclosed counterpart of these instructions. In the event written acceptance is not received on or prior to the Close of Escrow, the act of delivery of the Purchase Price and/or Prepayment Amount deposited in Escrow to the District shall be conclusive evidence of your understanding to act in accordance with these instructions. Very truly yours, Eric Haley Executive Director Riverside County Transportation Commission cc: Susan Feller, Sherman & Feller (via telecopier) Steve Debaun, Best, Best & Krieger (via telecopier) � 1O3 CFD 88-8— RCTC —Amendment to Joint Escrow Instructions -MO Draft THE UNDERSIGNED AGREES WITH THE FOREGOING INSTRUCTIONS: RIVERSIDE COUNTY TRANSPORTATION COMMISSION By: Marion Ashley Chairman Date: ATTEST: Jennifer Harmon Clerk of the Riverside County Transportation Commission By: Deputy Clerk APPROVED AS TO FORM: By: STEWART TITLE OF THE INLAND EMPIRE By: Millie Arnold, Escrow Officer Date: COMMUNITY FACILITIES DISTRICT NO. 88-8 OF THE COUNTY OF RIVERSIDE ("A" STREET —NORTH) By Bob Buster, Chairman of the Legislative Body of Community Facilities District No. 88-8 of the County of Riverside ATTEST: Nancy C. Romero, Clerk of the Legislative Body of Community Facilities District No. 88-8 of the County of Riverside By: Deputy Clerk APPROVED AS TO FORM: Joe Rank County Counsel By: Deputy County Counsel 4 CFD 88-8 — RUC — Amendment to Joint Escrow Instructions Draft AMENDMENT TO INDUCEMENT, ESCROW AND WORKOUT AGREEMENT This Amendment to Inducement, Escrow and Workout Agreement (this "Amendment") is made and entered into as of July 11, 2006, by and between the Community Facilities District No. 88-8 of the County of Riverside ("A" Street - North) (the "District') and the Riverside County Transportation Commission (the "RCTC"). Capitalized terms used herein but not otherwise defined herein shall have the meaning ascribed to them in :the Agreement (as defined below). WHEREAS, the District and the RCTC entered into that certain Inducement, Escrow and Workout Agreement dated as of November 16, 2004 (the "Agreement') pursuant to which the following, among other things, (i) the Purchase Price is defined in Section 1.MM. by reference to Exhibit A, (ii) the Prepayment Amount is defined in Section 1.LL. by reference to Exhibit A, and (iii) the Close of Escrow or Close is to occur on date determined pursuant to Sections 2.D. and 6.A., unless otherwise agreed by the parties in writing; WHEREAS, the District and RCTC agree that Exhibit A of the Agreement should be amended and replaced; WHEREAS, the District and RCTC agree that the Purchase Price shall be $1,137,742.92 provided that the Close of Escrow occurs no later than August 1, 2006; WHEREAS, the District and RCTC agree that the Prepayment Amount shall be $501,728.84 provided that the Close of Escrow occurs no later than August 1, 2006; and WHEREAS, the District and RCTC agree that Close of Escrow as to all Parcels shall occur no later than August 1, 2006, NOW THEREFORE, in consideration of the above recitals and the covenants hereinafter contained, and for good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows: AGREEMENT A. Section 1. Exhibit A of the Agreement is hereby amended and replaced in its entirety with the Replacement Exhibit A attached hereto and incorporated herein by reference. Section 2. Section 1.MM of the Agreement is hereby amended to add the following sentence after the existing definition: "The parties acknowledge and agree that the Purchase Price for all of the Parcels shall be $1,137,742.92 provided that Escrow Closes no later than August 1, 2006. 1 135 Section 3. Section 1.LL of the Agreement is hereby amended to add the following sentence after the existing definition: "The parties acknowledge and agree that the Prepayment Amount for all of the Parcels shall be $501,728.84 provided that Escrow Closes no later than August 1, 2006." Section 4. Pursuant to Sections 2.D. and 6.A. of the. Agreement, the parties agree that the "Close of Escrow" or "Close" shall occur, as to all Parcels, no later than August 1, 2006. B. Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument. C. Continuing Force & Effect. Except as herein provided, all of the terns and conditions of the Agreement remain in full force and effect from the effective date of the Agreement. D. Reference. After the date of this Amendment, any reference to the Agreement shall mean the Agreement as amended by this Amendment. (Remainder of page intentionally left blank) 4 2 136 • IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date and year first above written. ATTEST: RIVERSIDE COUNTY Jennifer Harmon TRANSPORTATION COMMISSION Clerk of the Riverside County Transportation Commission By: Marion Ashley, Chairman By: Deputy Date: ATTEST: COMMUNITY FACILITIES DISTRICT NO. Nancy C. Romero 88-8 OF THE COUNTY OF RIVERSIDE Secretary of Legislative Body ("A" STREET — NORTH) By By: Bob Buster, Chairman of the Legislative Body Deputy of Community Facilities District No. 88-8 of the County of Riverside APPROVED AS TO FORM: Joe Rank ! County Counsel By: Deputy County Counsel 3 137 EXHIBIT A TO AMENDMENT TO INDUCEMENT, ESCROW AND WORKOUT AGREEMENT Replacement Exhibit A [attached behind this page] REPLACEMENT EXHIBIT A 138 EXHIBIT C PROTOCOL AGREEMENT This Protocol Agreement (the "Agreement") is made and entered into as of this 16th day of November 2004, by and between the County of Riverside (the "County") and the Riverside County Transportation Commission ("RCTC"). RECITALS WHEREAS, on June 30, 1987, the Board of Supervisors of the County (the "Board") enacted its Resolution No 87-192 (the "County Resolution") which (i) delegated to the County Treasurer -Tax Collector (the "Tax Collector") the Board's authority under Section 4986.3 of the California Revenue and Taxation Code (the "Code") to order the County Auditor -Controller ("Auditor") to cancel "any uncollected tax, penalties and costs" (the "Ad Valorem Taxes") on property acquired by the District (as defined below) through foreclosure proceedings commenced pursuant to the Mello - Roos Community Facilities Act of 1982 (commencing at Section 53311 of the California Government Code) (the "Act"), and (ii) at the request of the County Counsel, waived the requirement that County Counsel provide written consent to the cancellation of the Ad Valorem Taxes; and, WHEREAS, Community Facilities District No. 88-8 of the County of Riverside ("A" Street North) (the "District") in May of 1990 issued special tax bonds in the principal amount of $24,000,000 (the "Series 1990 Bonds") and began in fiscal year 1992-93 to experience delinquencies in the payment of the special taxes required to support the payment of principal am tinterest on the Series 1990 Bonds; and, WHEREAS, the District obtained, pursuant to the pertinent provisions of the Act, a Judgment of Foreclosure and Order of Sale (the "Judgment") for each of the delinquent parcels of real property listed in Exhibit A (each a "Parcel" ' and collectively, the "Parcels"); and, WHEREAS, there are delinquent Ad Valorem Taxes on each Parcel; and, WHEREAS, each of the Parcels has not been redeemed as a result of the large dollar amount required to be paid to cover the Judgment and the delinquent Ad Valorem Taxes, and the Tax Collector has been, and/or believes that he will be, unable to sell the Parcels at tax sale due to the amounts owing on each Parcel; and, WHEREAS, the District and RCTC are simultaneously herewith entering into an Inducement, Escrow and Workout Agreement (the "Workout Agreement") pursuant to which (i) the District will acquire the Parcels by a credit bid at a sheriff's sale held pursuant to the Judgment as provided for in Section 533565(a)(5) of the California Government Code, which credit bid will be substantially lower than the amount owing for the Parcels under the applicable Judgment as authorized by the holders of the Series 1990 Bonds (the "Holders"), and will sell such Parcels to RCTC, and (ii) RCTC agrees to purchase same through the deposit of cash into escrow; and, 1 139 t_ „ .d .J WHEREAS, the County and RCTC wish to enter into this Agreement with respect to the Parcels to provide for the cancellation of all then outstanding Ad Valorem Taxes on each Parcel which the District acquires and for which a deed is deposited into escrow pursuant to the terms of the Workout Agreement; and; WHEREAS, the County, ROTC, and the Tax Collector believe it would be in . their mutual best interest and in the best interest of the Holders, as well as those property owners owning property in the District who are current in the payment of the property's special taxes, to enter into this Agreement on the terms and conditions set forth herein to - induce the development of the Parcels, which in tum will induce other development within the District and the future payment of Ad Valorem Taxes and special taxes on the Parcels. NOW THEREFORE, in consideration of the above recitals and the covenants hereinafter contained, and for good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows: AGREEMENT Section 1. Effective Date. This Agreement shall be effective and binding on the parties hereto only upon the execution and delivery of the Workout Agreement by RCTC and the District I Section 2. County Taxes. The Tax Collector will file the appropriate documentation with the Auditor to cause the Auditor's office to take ;all actions required to effectuate the cancellation of the i Ad Valorem Taxes on any or all of the Parcels- in accordancewith the terms of the County Resolution upon receipt from the District of the following: (i) a written request j that the Ad Valorem Taxes be cancelled for a specified Parcel or Parcels, and (ii) documentation evidencing the District's ownership of the specified Parcel or Parcels as . specified in Section 5082.1 of the California Revenue and Taxation Code. Section 3. Indemnification. RCTC, on behalf of itself and its officers, employees, shareholders, members, agents, representatives, parents, subsidiaries, affiliates; successors, executors,. administrators, and assigns (collectively, the "Releasing Parties") agree, jointly and severally, at their sole cost and expense,. to indemnify, protect, defend (with counsel acceptable to the County and its Board of Supervisors), the County, and its Board of Supervisors, elected -officials, officers, employees, agents, attorneys, representatives, successors, executors, administrators, and assigns (collectively, the "Released Parties'), and hold harmless the Released Parties, , from any and all claims, demands, damages, debt, liabilities, obligations, cost, expenses, causes of action, or damages of any nature, - including attorneys' fees, by reason of any liability, matter, cause, fact, thing, or act or omission based. upon, .arising out of, related to, or having any connection with this 2 140 Agreement. The foregoing shall 'survive a termination of this Agreement and shall continue as an obligation of the Releasing Parties indefinitely thereafter. Section 4. Amendment. Only a written instrument executed by the parties hereto or their successors in interest may amend this Agreement. Section 5. Severability.If any provision of this Agreement shall be held to be invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining portions hereof shall not, in any way, be affected or impaired thereby. Section 6. Integration,This Agreement and the Exhibit hereto, in conjunction with the Workout Agreement and the agreement entitled "Deposit and Reimbursement Agreement by and among Majestic Realty Co., Community Facilities District No. 88-8 of the County of Riverside ("A" Street - North) and the County of Riverside," dated December 2, 2003, collectively constitute the entire agreement between the parties hereto pertaining to the subject matter hereof and all prior and contemporaneous agreements, representations, negotiations and understandings of the parties hereto, oral or written, are hereby superseded and merged herein and therein. Section 7. Interpretation. Each of the Parties hereto represents and warrants that it was represented by counsel in this matter, and that it has been advised by counsel that this is a binding and legal agreement and that such Party may properly enter into it. This Agreement shall be interpreted without reference to the rule of interpretation of documents that uncertainties or ambiguities therein shall be determined against the party so drafting the Agreement. Section 8. Counterparts. This Agreement may be executed in counterparts and the respective signature pages for each party may thereafter be attached to the body of this Agreement to constitute one integrated agreement which is as fully effective and binding . as if the entire document had been signed at one timer . Section 9. Facsimile. Facsimile copies of signed documents shall be deemed originals for all purposes. Section 10. Captions. The captions appearing in this Agreement are for convenience only, are not part of this Agreement, and shall not be considered in interpreting this Agreement. 3 141 Section 11. Governing Law. This Agreement shall be governed by and construed in " accordance with the laws of the State of California. Section 12. Assignment. The Company may not assign this Agreement or any interest therein in whole or in part without the prior written consent of the County whose consent may not be unreasonably withheld or delayed or conditioned. [Balance of Page Intentionally Left Blank] I F 4 142 - IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above written. ATTEST: Nancy Romero Clerk of the Board of Supervisors APPROVED AS TO FORM William C. Katzenstein, County Counsel By &U-6 cic00-t. Y( fwF By: -County CounsdI Robert Byrd, County Auditor-C By: COUNTY OF RIVERS DE, By hairman of the Board Supervisors ACKNOWLEDGED AND APPROVED AS TO FORM: n Iler Pau eDonnell, County Treasurer -Tax Collector RIVERSIDE COUNTY TRANSPORTATION C e MMISSION, By: 5 143 Ro rman ATM : NANCY R p ,ciedc 3y 1114: Jai • EXHIBIT A PARCELS Current Property_Owner Parcel Number Acreage Cajalco LLC -317-110-029-2 1.64 Cajalco LLC 317-110-030-2 3.47 Cajalco LLC 317-110-031-3 3.18 Cajalco LLC 317-110-032-4 3_15 Cajalco LLC 317-110-040-1 3.80 TOTAL 15.24 AI 144 AGENDA I • TEM 9 REVISION TO AGENDA ITEM 9 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: July 12,2006 TO: Riverside County Transportation Commission FROM: Cathy Bechtel, Project Delivery Director Marlin Feenstra, Capital Program Manager Bill Hughes, Bechtel Project Manager Erik Galloway, Bechtel Project Coordinator THROUGH: Eric Haley Executive Director SUBJECT: Agreements with Lim and Nascimento Engineering Corporation to - Prepare an Initial Study and Environmental Re-evaluation (Phase A) followed by development of Plans, Specifications; and Cost Estimate (Phase B) for the Construction of Highway Improvements Consisting of Two New High Occupancy Vehicle Lane Structures at the Interstate 215/State Route 60 East Junction Between Box Springs Over Crossing and Day Street Under Crossing. STAFF RECOMMENDATION: This item is for the Commission to: 1) Approve the selection process and award Agreement No. 07-31-012-00 to Lim and Nascimento Engineering Corporation (LAN Engineering) to perform an initial study to consider the viability of alternate designs that could result in cost savings during construction and, if determined by staff to be necessary, an environmental re-evaluation, for construction of highway improvements at the I-2151SR-60 Interchange in the city of Riverside, city of Moreno Valley, and county of Riverside based on the Phase A project scope schedule and cost for the base amount of $243,580, plus 12.55% contingency amount of $30,561, to cover potential changes in scope total not to exceed amount of $274,141; 2) Upon completion of the initial study and any required environmental re-evaluation; contingent upon obligation of the funds with Caltrans, approve the award of Agreement No. 07-31-010-00 to LAN Engineering to perform final engineering services and prepare Plans, Specifications, and Cost Estimate (PS&E) for construction of highway improvements at the I-215/SR-60 interchange in the city of Riverside, city of Moreno Valley, and county of Riverside based on the Phase B project scope schedule and cost for a total not to exceed amount of $2,225,858; Agenda Item 9 the Commission constructed by close the SR-60 after the 1-215 lane of traffic in and Riverside). 3) Authorize the Chair, pursuant Legal 'Legal Counsel rev'ew, to agreements on behalf of the Commission; and Authorize the Executive Director or his des'gnee contingency work as may ° q i, project. 6 be re wired for the �I BACKGROUND NFORMAT/ON: li. The proposed Ifimits of the project design will be from the crossing at 1-215/SR-60 on the west °°to approximately the interchange on the east. This project will design two High Occupancy Vehicle (HOV) bridges `that will connect the HOU lanes that were recently constructed by in Moreno Valley on SR-60 to the future HOV lanes'that will be he Caltrans design sequencing` project .on 1-215. This project will HOV gap that will be left between thea'e two construction projects design sequencing project is complete and will add another critical each direction through the East Junction (between Moreno Valley execute the '. to approve Box Springs Road Day Street/SR-60 The Commission has previously funded the SR-60 HOV project that will add. an HOV lane between Valley Way in the 1' Rubidoux area and the R verside/San . Bernardino County Line. After both of these gap HOV projects are complete in Riverside County, it will provide for Ilan HOV lane that will start from Redlands Boulevard in Moreno Valley and continue without interruption to the San Bernardino County Line and beyond to SR-57. The subject project has already been 'environmentally cleared as part of the 1-215 design sequencing project and is part of what is -referred to as the East Junction improvements. The complete set of improvements that are planned for the East Junction will provide for the HOV connectors between 1-215 and SR-60 in Moreno Valley as discussed above as well as providing HOVconnectors to ,future HOV lanes on the 1-215 south towards the city of Perris.11 The entirety of the East Junction improvements includes significant amounts off structural work, right-of-way acquisition, and the relocation of the frontage roads on the north side of the interchange. The total est mated cost for ( -" of the East Junction improvements will exceed $75 million. Staff has coordinated with Caltrans staff to split the East Junction improvements into two delivery packages. The first wil lie the HOV connectors between 1-215 in Riverside and SR-60 in Moreno Valley (the, subject of this agenda item). A later package will deliver the 1-215 HOV connectors to/froml' 1-215 to the south of the East Junction, 'towards Eucalyptus Avenue: The estimated cost to deliver the { I r first packagewill be approximately $30 million and does not require any right-of-way acquisition. It is important to get this project underway` before the environmental document is required to be updated and so that it can be delivered as soon as the design sequencing improvements are completed. " The proposed source of funding will be Congestion Mitigation'` and Air Quality (CMAQ) matched with Measure A. It is anticipated that the Commission will advertise, award, and administer the construction package.' At its June 2, 2005 meeting, the Commission approved and directed staff to issue a request for proposals to prepare the PS&E for the 1-215,/SR-60 HOV'connectors. The Calendar of Events is as follows: Calendar of Events Distribution of RFP Bidders Information Meeting (not mandatory) Proposals were Delivered to RCTC prior to 2 p.m. Short Listed Firms were Notified Interviews of Short Listed Firms Staff Recommendation to Commission SELECT/ON PROCESS: April 26, 2006 May 10, 2006 May 31, 2006 June 14, 2006 June 28, 2006 July 12, 2006 A selection panel was assembled, which consisted of representatives from the Commission, Caltrans, county of Riverside, city of Riverside, city of Moreno Valley and Bechtel. Staff received proposals from three firms. The selection panel reviewed the three proposals and due to the high quality of the proposals, it was decided to short list all three firms. The three firms each demonstrated that they would be .capable of completing the proposed scope of work. After careful evaluation of the personnel of the proposed project teams, knowledge of the project and proposed project approach, the selection panel ranked the three interviewed firms as follows: Top Ranked Second Third. LAN Engineering Parsons Brinckerhoff SC Engineering After LAN Engineering out of San Bernardino, California was selected as the top ranked firm, its cost proposal was opened and used as a starting point in further negotiations. r, !I it II During the interview process LAN Engineering and K. Parsons Brinkerhoff presented alternatives to the preliminary design;, which was included in the RFP. Both of the alternatives presented could result in potential cost savings during the construction of the project. Therefore, during the negotiations LAN Engineering was requested to provide a separate cost estimate, Phase A, td perform a study of the alternatives, to determine its viability and the actuall;'costs and/or savings they would provide. This study will be used to determine if one of the alternatives should be pursued further and replace the preliminary design.. The consultant will be provided a Notice to Proceed on this study as the first item of work and once the study is completed and the decision made whet;her to pursue an alternates design or continue with the one that was presented in the RFP, the consultant will be provided with the Notice to Proceed on the development of, the P9&E package _ for Agreement No. 07-31-010-00. U Prior to the interview date, staff was made aware of a potential impact to the scope of work presented in the RFP. ! The RFP was issued with the understanding that this project was environmental cleared as part of the 1-215 design sequencing project. But `a new rule has been issued by the U.S. Environmental Protection Agency, establishing procedures for the regulation of Particulate ,Matter (PM) 2.5, which may require an update of the environmental documentli for the project. To address this !potential new requirement, LAN Engineering was !'requested to add to its Scope of Work an updates of the environmental ;document with a corresponding cost to perform the\ work. Staff will continue to monitor the regulatory agencies' decision on the new PM 2.5 requirement and will determine if an update of the environmental document will be required. If this update is required then this work will be performed concurrently with the study of the alternatives in Phase A. Staff has been .working with LAN Engineering and has come to an agreement with the attached scope and scheduled of services and the respective costs. Based on the results of the selection committee, staff recommends that Agreement No. 07-31-012-00 be awarded to LAN Eng neering to conduct a Phase A initial study and environmental reevaluation'' for the I-215/SR=60 HOV connectors in the city of Riverside, city of Moreno Valley,; and county, of Rivers de for the base amount of $243,580, plus 12.55% 'contingency amount of $30,561, to cover potential changes in scope for a total not to exceed amount of '$274,141. Upon completion of the initial study and environmental re-evaluation, ;cont'ngent upon obligation of the funds with Caltrans; . approve the award i of Agreement No. 07-31-010-00 to Lim and Nascimento Engineering Corporation to perform final engineering services and prepare PS&E for construction of highway improvements at the I-215/SR-60 interchange based on the Phase B project scope, schedule, and cost for a total not to exceed amount of $2,225,858. The combined cost for Phase A and Phase B is a total not to exceed amount of $2,500,000. Financial Information In Fiscal Year Budget: Y Year: FY 2006/07 Amount: $2,500,000 Source of Funds: Congestion Mitigation Air Quality and Measure A Budget Ad ustment: N GLA No.: 222-31-81102 P3017 Fiscal Procedures Approved: Attachments: 1) Scope of Work — Phase A 2) Scope of Work — Phase B 3) Cost Proposal — Phase A 4) Cost Proposal - Phase B 5) Proposed Schedule — Phase A 6) Proposed Schedule — Phase B Date: 7/1 1 /06 ATTACHMENT 1 SCOPE OF WORK Phase A Consultant: - Lim & Nascimento" Engineering Corp (LAN) The scope of work plan provides the approach for the preparation of PS&E of the subject project. The key elements are: ■ . Close the 1-mile gap between the two segments of HOV lanes ■ Construct a_portion of the ultimate, roadways ■ Construct some of the temporary roadway connections ■ Accommodate future Direct HOV lane connection southerly to the 215 leg ■ Accommodate a future replacement of the West 60 to South 215 connector ■ Lower the North 215 to 'West' 215 connector to correct a non standard feature !INITIAL STUDY An initial Task (identified as Phase A in the cost proposal) for the East Junction HOV ;Gap Closure will be to do three different activities: • Develop a current cost estimate in order to identify the cost magnitude for this project. This cost estimate will follow the Caltrans seven page estimate format. It is assumed that there will be NO new right of way acquisition or utility relocation associated with this Gap Closure. This estimate will be prepared for a project scope which includes the decision of the following two activities. • Analyze the benefits / dis-benefits and costs associated with various design alternatives where the HOV lanes cross over the NW connector. The original design showed the constructing two independent separation structures. LAN engineering suggested using an IAB (tunnel) and PB developed a single structure with an outrigger in its presentations to RCTC. We will look at these three bridge types and prepare a brief report to look at the relative costs associated with each alternative, the time savings in design or construction, affects on traffic during construction and the affect on the geometry for this and future projects at the east junction. The ultimate decision of this task will be used in the development of the GAD drawings for this project. • Analyze in more detail the benefits / dis-benefits of widening the EB mainline over the Railroad tracks as suggested in LAN's Proposal and Presentation to RCTC. The report will investigate three scenarios ( do nothing, convert #1 lane into HOV and construct new HOV lane ) and look at the congestion, costs to construct, impacts to traffic during construction and the resulting improvement in LOS. A separate cost estimate for this work will be prepared Page 1 of 8 ATTACHMENT 1 to analyze the additional costs associated with this proposal over the original scope for the project. Upon given the Notice To Proceed this task will be the first work on this job and will be conducted in parallel with other data gathering work of the project. Completing of this study is needed prior to development of the GAD's which is a critical milestone that starts all remaining design activities. This task will be performed within the same overall time duration as proposed in.the schedule submitted in our proposal. The scope of work is in accordance with Caltrans requirements and nomenclature closely using the Caltrans work breakdown structure WBS system codes (consistent with the cost proposal) modified specifically for this project which is expected to be bid by RCTC. The modified descriptions herein supersede the Caltrans,descriptions. The work is proposed to be in accordance with Caltrans standards, guidelines and procedures as published in the Caltrans manuals. The project units are in metric. Page 2 of 8 ATTACHMENT 1 100 Perform Project Management The management of the project from PS&E initiation through completion of PS&E and its approval to bid. 100.15 Project Management - PS&E Component The management of the PS&E component from initiation through completion. The services provided include the initiation, planning, execution, control, and close out of the component. PS&E Component Execution and Control The process of coordinating people and other resources to carry out the plan, and ensuring that the PS&E componentobjectives are being met by monitoring progress and taking corrective action when necessary. Sub -tasks: • Status project? Includes the entire status process from reporting work results to updating databases. Includes updating and revising workplan during PS&E component execution. • Communication and distribution of project records and information. Includes responses to internal and external requests for information about the project. • Quality assurance/quality control • Procurement of resources through A&E contracts, interagency and cooperative agreements, etc. for the PS&E component. Includes the following: End Products: • Project Records 185 Prepare Base Maps and Plan Sheets Work involved in the preparation of geometric base maps and functional base plan sheets, including review of existing project information, gathering appropriate mapping, conducting additional studies. 185.05 Updated Project Information Initial activities of project design phase necessary to become familiar with the project purpose and scope. Activities necessary to update project information needed to prepare engineering design reports, perform preliminary design, determine Right of Way requirements, and perform 30% constructability review. End Product: • Updated Project Information • Confirmation Of Project Purpose And Scope Page 3 of 8 ATTACHMENT 1 Project Concept Review Sub -Tasks: • Review of existing project information to determine the project purpose and scope. • Review Project Reports • Review Post Miles And Description Of Project • Review Planning Alignments • Review Freeway Agreement • Review Traffic Capacity Requirements • Review Project Site • Review/Update Project Cost Estimate • Confirm Project Purpose And Scope • 30% Constructability Review 185.15 Preliminary Design This activity includes establishment and any subsequent substantial changes to the project footprint. Design activities with regard to the following preliminary design work: • Horizontal And Vertical Alignment • Typical Cross Sections • Super Elevations • Earthwork • Intersection/Interchange Design • Review Of Geometric Design • Exceptions To Design Standards • Includes Delineation Support • Conceptual stage construction flans. End product: • Completion of base maps (which become skeleton plan sheets) suitable for developing the functional PS&E. • Approved geometric design. Roadway and Misc. Design Includes: Design of horizontal and vertical alignment, typical cross sections super elevations, earthwork (cut & fill locations) and conceptual stage construction plans. ` End Product: • First Order Geometric Approval Drawings Proposed Geometrics Review Includes Routine meetings with Caltrans, FHWA, and other units in review of proposed geometric design Requests for Exceptions to Design Standards Work necessary in the preparation of Fact Sheets for exceptions to the mandatory and advisory design standards and processing of approval: Page 4 of 8 ATTACHMENT 1 210 Prepare Preliminary Structures Design Data 215.xx Structures General Plans for Structure'xx Work involved in the preparation of preliminary plans and related estimates, ,including structures general plans and the preparation of foundation recommendations and "The Log„ of Test Borings". Preliminary Plan Approval Process (i.e., Type Selection Meetings) are part of this activity., Approved preliminary plans are the approved General Plans The preliminary engineering effort should be completed prior to type selection or strategy meeting. End product: • Approved structure preliminary plans • Preliminary plan quantities • Preliminary plan estimates Preliminary Design This includes: • Review As -Built Plans and Preliminary Foundation Information • Perform Design Field Review. • Perform Preliminary Design/ Seismic Analysis Preliminary Plan Sheets Preliminary Quantities Development 255 Circulate, Review, and Prepare Final District PS&E Package Work involved in the circulation and review of the Draft District PS&E package. Includes addressing review comments and preparing the Final District PS&E package. 255.15 Environmental Reevaluation This activity will be initiated should Caltrans require it based on changes in any factors that affect the validity of the project's Environmental Document (ED). Sub -tasks: • Refer to LSA's scope at the end of this section: End Product: Refer to LSA's scope at the end of this section. Page 5 of 8 -ATTACHMENT 1 255.15 - Environmental Reevaluation LSA Project Understanding LSA Associates, Inc. (LSA) understands that the project, as proposed by the Riverside County Transportation Commission (RCTC), consists of the project design for the State Route 60 (SR60) High Occupancy Vehicle (HOV) lane Eastbound (EB) and Westbound (WB) Connectors at the Interstate 215 (I-215) Interchange (IC). The HOV alternative was selected as the preferred alternative in the Final Environmental hnpact Statement (September 2001) and included in the April 2001 Project Report. This portion of the proposed project was not included in the initial construction project (already partially completed) and is now being undertaken due to funding availability. LSA notes a minor change in the project where the WB and EB connectors were shown as separate alignments in the EIS and are now proposed as a combined alignment just east of the future WB SR60 to SB I-215 connecter half - loop. This appears to be the only noticeable change from the plans analyzed in the EIS and the project remains in the right-of-way and area of potential effect (APE) evaluated in the 2001 Final EIS for the project. LSA Scope of Work As requested, the project may be subject to Environmental Reevaluation (ER) as required under Caltrans' WBS Code 255.15. This scope of work is limited to the SR60 WB/EB HOV Connectors at the I-215 interchange project. and does not include any other part of the proposed project described in the EIS. Assumptions LSA assumes the following about the status of the EIS: • The reason for the ER is the age of lie document (over three years since approval of the Final EIS) and new environmental regulations and plans that have been adopted since approval of the Final EIS (PM 2.5 regulations and the Western Riverside County MSHCP). • The ER would only pertain to the proposed construction of the SR60 HOV lanes project. • The APE of the project has not changed from the APE in the EIS. • The SHPO Concurrence from January 2001 will not change and the HPSR will not need to be updated. • . The project is a covered activity under the Western Riverside County MSHCP (per Section 7.3.5 of the MSHCP Plan document) and is not located with the MSHCP Criteria Area. • Section 7 consultation will not be required. • The traffic analysis is still valid and will not need to be updated. • The following technical reports and EIS analysis remain valid: Aerial Lead Investigation, Noise Impact Analysis; Water Quality Study; Floodplain Evaluation, GeotechnicalStudy; Initial Site Assessment; Community Impact Analysis; and the Final Relocation Impact Study. Task 1: Air Quality Particulate Matter Analysis Update LSA will prepare an updated PM2.5/PM 10 analysis per the new guidelines. The PM2.5/PM 10 analysis per the new EPA and SCAG requirements was not included in the original EIS. As discussed above, it is assumed that the traffic data will not need to be updated. This task would include the following: Page 6 of 8 ATTACHMENT 1 • Prepare the PM2.5/PM10 analysis per the new SCAG requirements • Complete the PM2.5 conformity form and submit to RCTC • Prepare revised air quality analysis report including the new PM2.5/PM10 analysis The above scope is based on our current understanding of the project and the new PM2.5 guidelines (as of June 2006). As the PM2.5 is an evolving issue, changes in the methodology, changes in agency requirements, or changes in the guidelines may result in the need for additional services and charges. LSA will not proceed with additional work related to changes in the PM2.5/PM10 analysis without LAN Engineering's and RCTC's authorization. Task 1a: Optional Air Quality Update Due to changes in the methodology for a number of air quality constituents (in addition to PM 2.5/10), it is possible 'that a full technical report related to air quality may be required by Caltrans or FHWA. If required, LSA will 'prepare an Air Quality Assessment for the project in accordance with Caltrans Transportation project Level Carbon Monoxide (CO) Protocol, and South Coast Air Quality Management District (SCAQMD) CEQA Handbook air quality guidelines. LSA will conduct the screening analyses specified in the protocol and, if required, conduct CALINE4 modeling for CO hot spots for up to 20 receptor locations for the Existing, Future No Build, and the Build alternative. Construction -related emissions will be quantified and discussed in a general format unless project - specific information is available. This task is in addition to the work described in Task 1. Task 2: Biology Update — NES (MI) Although the EIS took a conservative approach with the mitigation program for the project (see Section 4.10.3 of the EIS), changes may have occurred since the preparation of the original Natural Environmental Study (NES, August 1998 and Sep. 2001) related to the adoption of the Riverside Multi -Species Habitat Conservation Plan in June 2004 (the project is a covered activity under the MSHCI) and possible changes in the status of species on the project site. 'Therefore, a supplemental NES (minimal impact [MID is proposed to verify compliance with the MSHCP and that no additional Section 7 consultation would be required. Task 3: Environmental Reevaluation - Validation Only Notwithstanding LSA's assumptions regarding the validity of the technical analyses for the project and of the EIS, LSA will perform a. review of the conclusions of the EIS and verify the validity of the conclusions for each environmental parameter as it relates to the SR 60 HOV lanes at the I-215 IC. As previously discussed, the proposed project was originally analyzed in the EIS with a slightly different configuration which does not appear to result in a change in the conclusions of the original analysis since it would effect a smaller area. The ER validation will be in the form of a memorandum (with the technical reports described above in Task 1 and 2 attached) to be submitted for RCTC review and ultimately transmitted to Caltrans and FHWA for their concurrence. Task 4: Optional Task - Environmental Re -Evaluation - Comprehensive Update In the event that LSA is unable to validate any of the conclusions of the EIS or Caltrans and/or FHWA require a technical update not included in Tasks 1 or 2 above. This task is included as a contingency task to perform additional technical analysis need to update the document as prescribed by Caltrans or FHWA. Because the level of effort cannot be known at this time, we have included a placeholder budget in the event that this task is required. LSA would not proceed with any technical update without submitting a specific scope of work and budget and express authorization of said scope of work and budget from LAN Engineering and RCTC. Page 7 of 8 ATTACHMENT 1 Task 5: Meetings/Project Management LSA will attend up to three meetings with the RCTC and the Caltrans Project Development Team regarding the Environmental Re-evaluation. LSA's project manager will provide monthly status reports as part of monthly project invoicing, and manage the deliverable schedule. Two additional coordination meetings with RCTC and the design team are assumed for the project manager. The budget for meetings and project management is based upon a 9- month schedule for approval of the ER Page 8 of 8 ATTACHMENT 2 SCOPE OF WORK — Phase B Consultant: Lim & Nascimento Engineering Corp. (LAN) The scope of work plan provides the approach for the preparation of PS&E of the isubject project. The key elements are: ■ Close the 1-mile gap between the two segments of HOV lanes. ■ Construct a portion of the ultimate roadways ■ Construct some of the temporary roadway connections ■ Accommodate future Direct HOV lane connection southerly to the 215 leg ■ Accommodate a future replacement of the West 60 to South 215 connector. ■ Lower the North 215 to 'West' 215 connector to correct a non standard feature The scope of work is in accordance with Caltrans requirements and nomenclature closely using the Caltrans work breakdown structure WBS system codes (consistent with the cost proposal) modified specifically for this project which is expected to be bid iby RCTC. The modified descriptions herein supercede the Caltrans descriptions. The (work is proposed to be in accordance with Caltrans standards, guidelines and procedures as published in the Caltrans manuals. The project units are in metric. i Page 1 of 16 ATTACHMENT 2 1 00 Perform Project Management The management of the project from PS&E initiation through completion of PS&E and its approval to bid. 100.15 Project Management - PS&E Component The management of the PS&E component from initiation through completion. The services provided include the initiation, planning, execution, control, and close out of the component. PS&E Component Execution and Control The process of coordinating people and other resources to carry out the plan, and ensuring that the PS&E component objectives are being met by monitoring progress and taking corrective action when necessary. Sub -tasks: • Status project. Includes the entire status process from reporting work results to updating databases. Includes updating and revising workplamduring PS&E component execution. • Communication and distribution of project records and information. Includes responses to internal and external requests for; information about the project. • Quality assurance/quality control • Procurement of resources through A&E contracts, interagency and cooperative agreements, etc. for the PS&E component. Includes the following: End Products: • Project Records 185 Prepare Base Maps and Plan Sheets Work involvedin the preparation of geometric base maps and functional base plan sheets, including review of ;existing project information, gathering appropriate mapping, conducting additional studies. 185.05 Updated Project Information Initial activities of project design phase necessary to become familiar with the project purpose and scope. Activities necessary to update project information needed to prepare engineering design reports, perform preliminary design, determine Right of Way requirements, and perform 30% constructability review. End Product: • Updated Project Information • Confirmation Of Project Purpose And Scope Page 2 of 16 - -ATTACHMENT 2 Project Concept Review Sub -Tasks:. • Review of existing project scope. • Review Project Reports< • Review Post Miles And Description Of Project; • Review Planning Alignments • Review Freeway Agreement • Review Traffic Capacity Requirements • Review Project Site • Review/Update Project Cost Estimate • Confirm Project Purpose And Scope • 30% Constructability Review 185.10 Surveys and Mapping for Design Produce the mapping and survey control necessary for PS&E. This supplements the mapping and control surveys that was produced for the Project Report stage. End product: • Project Mapping for PS&E • Project Survey Control for PS&E Control Surveys for Design Expand, detail, or otherwise supplement the Project Report t control survey produced by Caltrans. Data Surveys for Design Includes preparing survey request, planning, research, field survey, structure site surveys, processing and adjusting data, necessary to provide project topographic data. Pavement Elevation Surveys Includes supplemental survey control necessary to obtain pavement elevations, field survey for pavement elevations, processing and adjusting the data. 185.15 Preliminary Design This activity includes establishment and any subsequent substantial changes to the project footprint. Design activities with regard to the following preliminary design work: • Horizontal And Vertical Alignment Typical Cross Sections • Super Elevations • Earthwork • Intersection/Interchange Design • Review Of Geometric Design • Exceptions To Design Standards • Includes Delineation Support • Conceptual stage construction plans. End product: • Completion of base maps (which become skeleton plan sheets) suitable for developing the functional PS&E. • Approved geometric design. Page 3 of 16 ATTACHMENT 2 Roadway and Misc. Design Includes: Design of horizontal and vertical alignment, typical cross sections, super' elevations, earthwork (cut & fill locations) and conceptual stage construction plans. End Product: • First Order Geometric Approval Drawings Proposed Geometries Review. Includes: Routine meetings with Caltrans, FHWA,.and other units in review of proposed geometric design Requests for Exceptions to Design Standards Work necessary in the preparation of Fact Sheets for exceptions to the mandatory and advisory design standards and processing of approval.. Value Analysis (Nota part of this scope) 185.20 Engineering Reports Activities to develop project design reports, needed to establish design parameters and complete preliminary design. End product: Various Engineering Reports Hydrology and Hydraulic Reports Geotechnical Design Report Updated TMP for Design P4ase 185.25 Right of Way Requirements Determination - Activities necessary to determineright of way needs and prepare maps for submittal to Right of Way. Includes identifying the need for new right of way, permanent easements, temporary construction easements, and railroad involvement. Includes coordination with affected agencies to determine right of way impacts. End product: Right of Way Requirements Plans Final Railroad Involvement Determination Includes preliminary investigations and meetings to determine railroad involvement and right of way impacts. Does not include obtaining of railroad agreements: Page 4 of 16 ATTACHMENT 2 200 Coordinate Utilities Work involved in the identification, positive location (potholing), protection, removal and/orrelocation of utility; facilities necessary to clear and certify Right of Way. Includes coordination with utility companies and review of utility plans. 200.05 Preliminary Utility Verification Typically called the "verification stage". Work 'involves review of previous effort developed during the PID and environmental process, as well as any additional effort (typically limited to field review, As -Built search and preliminary meetings with the utility companies) required to determine preliminary utility locations. Sub -tasks: • Developing preliminary existing utility plans, preliminary meetings, permit review, and sending the plans to the pertinent utility companies for verification. • Field review for Utility Facilities • Review Project Data (Project Reports, etc.). End Product: • Preliminary utility location verification. • Utility clearance letter required for right of way certification if no utilities within the project limits. 200.10 Utility Locations (Potholing) Determination and Prepared Conflict Maps Typically called the "potholing stage". Efforts involved in preparing, exchanging and verifying conflict plans, determining utility conflict resolution strategies, and obtaining and administering contracts and utility agreements for utility potholing. End Product: • Utility conflict maps. • Determine relocation strategies. • Approved Potholing Notices. • Utility clearance letter required for right of way certification if no conflicts determined by the project engineer. Notices and Agreements for Potholing Includes efforts leading to determination of liability, preparing and processing Utility Agreements, Notice to Owner and Report of Investigation (ROf) with the utility companies and contractors for potholing and utility surveys. Potholing Utility Conflict Maps Includes internal review and redesign to avoid relocation. Includes transmittal of plans to the utility companies. Page 5of16 ATTACHMENT 2 200.15 Utility Conflict Resolution Efforts involved in review of conceptual utility relocation plans from utility company. End Product: Utility R/W requirements & determination of the utility conflict resolution strategies. 200.20 Utility Relocation Plan Implementation Typically is called the "relocation stage". Effort involved in preparing and approving Liability/FHWA Authorization Package and notifying utilityowners of relocation; requirements. _ End Product: • Approved Relocation Notices • Utility clearance letter required for right of way certification. 200.25 Utility Relocation Management This activity involves work related to administering the physical utility relocation work prior to, during, or after the construction of the project pursuant to a Notice to Owner to= relocate and includes determining the construction schedule for utility relocation. Sub -tasks: Administer/inspect relocation work. End product: Utility relocation completed. 205 Obtain Permits, Agreements Work involved in obtaining necessary permits and agreements needed for project construction. 205.05 Required Permits This activity includes work required in order to determine what permits may or may not be required. End Product: A list of what specific permits are required and from what agency and/or a memo to file of what permits were considered but not pursued and for what reason. ,205.10 Permits Work involved in obtaining permits, including: • Discussions and negotiations with the permitting agency. • Preparation of the permit and attachments such as exhibits, maps, etc. • Obtain funds for any required permit fee. • Submit permit application. End product: The permits from each applicable permitting agency have been received. Page 6 of 16 -ATTACHMENT 2 U.S. Army Corps of Engineers Permit (404) Department of Fish 8 Game 1600 Agreement(s)'' Waste Discharge (NPDES) Permit(s) Includes effort needed to obtain a. National Pollutant Discharge Elimination System (NPDES) permit. U.S. Fish and Wildlife Service Approval' Regional Water Quality Control Board 401 Permit 205.25 Agreement for Material Sites Assist RCTC if necessary in obtaining a Materials Agreement. 210 Prepare Preliminary Structures Design Data Work involved in gathering/ verifying data needed to begin structures design activities. Sub products of this activity include Structures Preliminary Reports, Foundation Plans, Updated scope of work /estimates for Transportation Related Structures, and Preliminary Geology Reports. 210.xx Preliminary Structures Design Data for Structure xx Note: Where xx is the structure number, e.g. 210.01 for structure 1, no.02 for structure 2, and so on. Work involved in gathering/verifying data needed to begin structures design; activities. LAN will provide for tracking project development "by structure". End Product: • Preliminary Structures Foundation Report • Draft Foundation Plan Draft Foundation Plan Preliminary Structures Foundation Report Based on existing data for the location/vicinity before any field foundation investigation. Page 7 of 16 ATTACHMENT 2 215 Prepare Structures General Plans' Work .involved in the preparation of preliminary plans and °related esfimates, including structures general plans; and the preparation of Foundation Recommendations and The Log of Test Borings. Note Type Selection Meetings are a part of this activity._ 215.xx Structures General Plans for Structure xx Work involved in the preparation of preliminary plans and related estimates, including structures general plans and the preparation of foundation recommendations and "The Log of Test Borings". Preliminary Plan Approval Process (i.e., Type Selection Meetings) are part of this activity. Approved preliminary plans are the approvedGeneral Plans The preliminary engineering effort should be completed prior to type selection or strategy meeting. End product: • Approved structure preliminary plans • Preliminary plan quantities • Preliminary plan estimates • Foundation report • Log of test borings for each structure Preliminary Design This includes: • Review As -Built Plans and Preliminary Foundation Information • Perform Design Field Review. • Perform Preliminary Design/ Seismic Analysis Preliminary Plan Sheets Preliminary Quantities Development 215.xx.20 Foundation Field Investigation This activity mainlyincludesthe sub -surface investigations but may also include site review (i.e., slide investigation). 215.xx.25 Foundation Report and, Log of Test Borings Includes effort required for any subsequent revisions and addenda. Page 8 of 16 -ATTACHMENT 2 230 Prepare Draft PS&E Work involved in the preparation and review of draft - roadway plans, specifications and estimates. Includes roadway: design and preparation of -functional PS&E's. Also includes incorporation of the Draft Structures PS&E into Draft District PS&E. 230.05 Draft Roadway Plans Includes activities, from the base maps (skeletons), such as design, delineation, field reviews, and intemaUexternal coordination (see sub -tasks) necessary to develop draft roadway plan sheets for construction contract End product: Roadway Plans for draft PS&E district circulation. Title Sheet Typical Cross Sections Key Map and Line Index Roadway Layouts Profile and Superelevation Sheets Construction Details Contour Grading Plans Summary of Quantities Sheets Retaining Wall Plans Standard Plans Selection Stage Construction and Detour Plans or Traffic Handling Plans Water Pollution Control Plans 230.15 Draft Traffic Plans Activities, (such as design, field reviews, delineation, and intemalJexternal coordination) necessary to develop traffic plan sheets for construction contract: End product: Traffic Plans for draft PS&E district circulation Signing and Pavement Delineation Plans Construction Area Signs Plans Traffic Electrical Plans Page 9 of 16 " ATTACHMENT 2 230.20 Transportation Management. Plan This effort includes activities necessary to update or develop the project's Transportation' Management Plan to accompany the project PS & E. Sub -tasks: • Itemize capital outlay costs tied to main project as State Furnished Material and expenses • Identify SSPs to be included in contract document • Coordinate lane closuresfor multiple projects in the same area to determine impact on this project • Coordinate major closures with local agencies to determine impact on this project • Refine/ finalize traffic contingency plan pending contractor's contingency plan • Update TMP/lane closure database End Product: The Transportation Management Plan 230.25' Draft Utility Plans Activities, .(such as design, delineation, and internal/external coordination) necessary to develop draft utility plan sheets for construction contract. End product: Utility Plans for draft PS&E district circulation 230.30 Draft Drainage Plans Activities, (such as design, delineation, field reviews, and intemal/external coordination) (see sub -tasks) necessary to devel4 draft drainage plan sheets for construction contract. End product: Drainage Plans for draft PS&E district circulation. 230.35 Draft Specifications Activities necessary to develop the project; draft Special Provisions. End product: Specifications ready for draft District PS&E Circulation Roadway Specifications Traffic Specifications Includes working with Caltrans to obtain lane closure charts. Electrical Specifications Utility Specifications Hydraulic Specifications Water Pollution Control Specifications Erosion Control Specifications 230.40 Draft PS&E Quantities and Estimates Activities necessary to develop project quantities and estimates. End product: Draft Quantities and Estimates ready for draft District PS&E Circulation Page 10 of 16 -ATTACHMENT 2 Roadway Quantities and Estimate Includes preparation of roadway & other cross sections: Drainage Quantities and Estimate Traffic Quantities and Estimate Electrical Quantities and Estimate Utility Quantities and Estimate Water Pollution Control Quantities and Estimate Erosion Control Quantities and Estimate 230.55 Structures Draft PS&E Incorporation Incorporate Draft Structures PS&E into project. End product: A combined district Draft PS&E package. 230.60 Updated Project Information for PS&E Package Includes work necessary to conduct reviews and to update project information needed to begin production of the PS&E package and its components. Also includes the 60% Constructability Review. End product: Updated project information for the production of the PS&E Package. Updated Storm Water Data Report 240 Prepare Draft Structures PS&E Work .involved in the development of the final design and preparation of draft structures plans, specifications, and estimate. Includes Foundation Review. 240.xx Draft Structure PS&E for Structure xx Work involved in the development of the final design and preparation of draft structures plans, specifications, and estimate. Includes Foundation Review (review of design of each foundation of each structure). End Product: Draft Structures Plans, Specifications & Estimate Package Design The work done by an engineer to produce the original structure design calculations, and to develop information necessary to prepare the unchecked details.This work is primarily done by the structure designer, but support work is also done by support staff such as other engineers (including specialists), architects, etc. Page 11 of 16 ATTACHMENT 2 Sub Tasks: • Perform Structures Design Calculations • Develop Unchecked Details • Delineate Structures Unchecked Details End Product:. • Complete analysis • Design Notes • Sketches (that are used to prepare plan sheets Plan Sheets The work performed by the structural technicians to prepare the Structure Plan sheets. End Product: Structure Plan Sheets 240-xx.15 Checked Design and Plan Sheets An engineer (different than the engineer who did the original design) checks a set of the plan sheets and performs an independent structure analysis. Sub -Tasks: • Perform Structures Design Check (independent check by a design engineer other than the design engineer who did the original design calculations) • Review Checked Details End Product: Checked Structure Plan Sheets Quantities k Quantities calculated by structure design staff for the P&Q package. End Product: Quantity calculations for items of structure work. Draft Specifications Prepare Draft Specifications by the Structures Specifications section of the Structures Specifications & Estimating Branch using the Checked Plans and the item list. End Product: Set of Draft Specifications to be part of the Draft Structures PS&E package. Estimate Prepare Structures Estimate working days/BEES by the Structures Estimating section of the Structures Specifications & Estimating Branch using the Checked Plans and the quantity calculations. End Product: Draft Marginal Estimate/working days to be part of the Draft Structures PS&E package. Page 12 of 16 _ . ATTACHMENT 2 250 Prepare Final Structures PS&E Package Work involved in addressing District's : comments on the Draft Structures PS&E and incorporating them into the final structures package. Also, incorporates any Ca[trans and other agency comments on the final structure PS&E package into final structures PS&E EXPEDITE package. 250.10 Finalized Structures PS&E Package Finalize Structures PS&E package. Sub -Tasks: • Any additional design revisions to Structures Plans • Review and incorporate Caltrans comments into Final Structures PS&E package • Any additional delineation for Final Structures PS&E package due to review comments End Product: • Final Structure PS&E package • Final Structures PS&E EXPEDITE package with final signed plans, updated marginal estimate, working day statement, copy of railroad insurance form (if required), copies of structure foundation data to be sent to RCTC to be combined and reviewed together with the Final District PS&E EXPEDITE package. 255 Circulate, Review, and Prepare Final District PS&E Package Work involved in the circulation and review of the Draft- District PS&E package. Includes addressing review comments and preparing the Final District PS&E package. 255.05 Circulated & Reviewed Draft District PS&E Package This activity includes reproduction, distribution, and coordination, circulation of the project's plans, specifications and estimate. This activity also includes the review and, comment as well as reaching consensus with the reviewers (including the 95% "constructibilityreview"). Copies of review package are routed to both RCTC, Caltrans and involved outside agencies. Sub Tasks: • Review Final Plans for Constructability • Review Project for Final Permit Needs • Review Aesthetics • Review the Final TMP • Review Specifications and Estimate Page 13 of 16 ATTACHMENT 2 • Review Geotechnical Design Elements and specifications • Review for Conformity with Environmental Commitments • Perform Safety Review • Perform, Other PS&E Reviews End Product: Collection and documentation` resolution of comments, so that the draft plans, specifications and estimate can be finalized. 255.10 Updated PS&E Package This activity includes necessary updates as a'result of the draft PS&F circulation. End Product: Updated set of plans, specifications and estimate ready for final process review prior to being transmitted to RCTC for bid. 255.20 Final District PS&E Package This activity includes the tasks required to complete the process requirements (such as the reproduction). ° RCTC verifies that the design is complete, bid -able, and build -able. End Product: Final District PS&E Package Reviewed Plans for Drafting Standards Compliance This includes the delineation effort required to address any review comments. Final Structures Specificati?ns and Estimate Incorporated into Final District PS&E ,255.25 Geotechnical Information Handout This activity includes reviewing the Geotechnical Design Report (GDR) that was prepared earlier during the design phase and selecting the necessary sections to be included in the Geotechnical Information Handout. The GDR includes information' such as 'existing" physical setting, geophysical studies, geotechnical conditions, geotechnical analysis and design; construction considerations; and recommendations and specifications. End Product: Completion of the Geotechnical Information Handout, and making , it available for the prospective bidders to review. 255.30 Materials Information Handout The Materials Information Handout (Mal) is prepared for the use of prospective bidders. The handout includes test data on local materials sources; soil survey sheets showing borings, tests, and seismic information (if required). It also includes a statement that the non-commercial borrow, disposal, or material sites conform with regulations and environmental laws. End Product: Completion of the Material Information Handout, and making it available for the prospective bidders to review. Page 14 of 16 -ATTACHMENT 2 255.40 Resident Engineer's Pending File Work involved in preparing the District RE Pending 'File/Structures R.E. Pending File. Includes preparation of an Environmental Commitments Record (or :similar document), weigh in motion and PrePassT"' commitments; contacts with construction to transmit the file and determine what additional information may be required. Also includes preparing and forwarding additional information (such as cross sections/as-builts/slope staking notes/grid grades/structures 4-scales) as requested by construction. In terms of the environmental component of the RE Pending file, the input is a "snapshot" of the Environmental. Commitments Record (ECR), or similar document (e.g., Mitigation Monitoring and Reporting Record). The ECR (or similar) also serves as the basis for determining Environmental Certification at RTL. End Product: District RE Pending File and Structures R.E. Pending File forwarded to construction. • Verify contract special provisions cover items of work and other contract terms in accordance with and/or FHWA standards and applicable laws and regulations. • Verify Engineer's Estimate is consistentwith the plans and specialprovisions and that there is a method of payment for contract work either by contract item or some other means (e.g. included in other items of work, extra work, etc.) • Develop a punch list of non -conforming and unresolved issues and forward to District/Structures for resolution. End Product: Draft contract 260 Prepare Contract Documents Work involved in the preparation of contract bid documents. Completion of this activity is the milestone "Ready to List" 260.05 PS&E Received - This activity includes coordinating with RCTC that PS&E submittal is complete. End Product: Complete PS&E submittals Page 15 of 16 ATTACHMENT 2 260.10 Check Prints Process, plot and distribute check prints for PS&E review and processing of draft contract documents. Sub -Tasks: • Log plans in • Print plan sets • Evaluate plans for conformance to drafting standards. • Distribute check prints to pertinent reviewers End Product: Check prints 260.15 Validated PS&E as Draft Contract Ready RCTC validates PS&E submittals to draft contract (draft contract ready). End Product: Draft Contract, Ready to List (provided that advertising constraints, such as permits, agreements, and right of way certification are cleared and received by the RCTC). 260.15.30 Environmental Certification at RTL This activity includes environmental work necessary to review the PS&E and for the Environmental Branch Chief, or designee, to complete the Environmental Certification. 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Re-evaluationNa6dation Optional Comprehensive Technical Update Meetings/Project Management Duration j Start ( Finish Predecessors 2007_ MIJ J A. SOND JiFMIAM J J.AS.. 0 dys Mon 8/14/06 Mon 8/14/06 :/14 223 dys Mon 8114/06 Wed 6/20/07 223 drs l Non 8114/06 Wed 6/20107 35 dys Mon 8/14106 ',. Fri 9/29/06 15 dys ',, Mon 8/14/06 Fri 9/1/06 1 20 dys Mon 9/4/06 Fri 9129/06 5 20 dys Mon 9/4/06 Fri 9129/06 5 223 dys Mon 8114/06 Wed 6120102 30 dys Mon 9/4106 '., Fri 10/13/06 7SS 223 dys .. Mon 8/14/06. _. - Wed 6/20/07. 1...... 40 dys Mon 8114/06 Fri 10/6106 60 dys Mon 8/14/06 Fri 11 /3106 40 dys Mon 8/14/06 Fri 10/6106 60 dys Mon 8/14/06 Frill/NO6- Wed 6/20107 Fri 11/3/06 223 dys'; Man 8/14106 60 dys -- Man 8/14/06 9/1 9/29 9/29 10/13 8/14 "'y 10/6 8/14 11/3 8/14 IA 10/6 8/14 11/3 8/14 a 8/14 "` 11/3 6/20 Project: I-215/SR-60 East Junction HO Date: Tue 7/11/06 Task Critical Task Progress Milestone Summary 0 Rolled Up Task Rolled Up Critical Task Rolled Up Milestone Rolled Up Progress Split 0 External Tasks Project Summary Group By Summary Deadline Page 1 ATTACHMENT 6 1-215 / SR-60 East Junction EW HOV Connectors COMBINED ID 1 WBS 2 1 WBS 100 3 WBS 205 4 WBS 205.05 5 I WBS 205.10 i 6 WBS 205.15 7 WBS 205.25 8 WBS 100.15 9 WBS 185 10 WBS 185.05 11 WBS 185.10 12 } WBS 185.15 13 I WBS 185.20 14 1WBS 185.20.10 15 j WBS 185.20.15 16 1 WBS 185.25 i 17 WBS 190 18 ' WBS 210 19 11 WBS 210.0x 20 WBS 210.0x.25 21 WBS 215 22 WBS 215.01 23- WBS 240 24 j WBS 240.0x 25 WBS 240.95.15 26 WBS 250 s 27 WBS 250.10 28 j WBS 250.15 29 WBS 230 30 j WBS 230.05 i 31 ! WBS 230.15 1 32 WBS 230.20 33 1 WBS 230.25 i 34 WBS 230.30 35 WBS 230.35 36 WBS 230.40 Task Name NTP Project Management 1 Controls OBT PERMITSIAGREMNTS & ROUTE ADOPTIONS Determine Required Permits Obtain Permits Obtain Railroad Agreements Prepare Agreement for Materials Sites (if needed) Project Management - PS & E Component PREP BASE MAPS & PLAN SHEETS Review and Update Project Information Perform Design Surveys and Photogrammetric Mapping Perform Preliminary Design 1 Update Geometric Approval Drawings Prepare Engineering Reports Hydrology and Hydraulics Report Geotechnical Report/Pavement/Materials Determine Right of Way Requirements PREP STRUC SITE PLANS PREP PRELIM STRUC DSGN DATA Type Selection Rpt 1 Mtg Preliminary Structures Foundation Report PREP STRUC GENERAL PLANS Prepare Structure General Plans for Structures PREP DRAFT STRUC PS&E Prepare Draft Structure PS&E for Structures Check Design & Plan Sheets PREP FNL STRUC PS&E PKG Finalize Structures PS&E Package Review of Structures PS&E Package PREP DRAFT PS&E Prepare Draft Roadway Plans Prepare Draft Traffic Plans Prepare Transportation Management Plan (TMP) Prepare Draft Utility Plans Prepare Draft Drainage Plans Prepare Draft Specifications Prepare Draft PS&E Quantities and Estimates Duration Start 0 dys Mon 8/14/06 635 dys' 330 dys 90 dys 240 dys 240 dys 240 dys 375 dys 80 dys 15 dys 60 dys 60 dys 35 dys 35 dys 35 dys 5 dys 40 dys 70 dys 30 dys 60 dys 25 dys 25 dys 140 dys 80 dys 60 dys 100 dys 60 dys 40 dys 160 dys 85 dys 40 dys 20 dys 40 dys 60 dys 20 dys 25 dys Mon 8114106 Mon 9/4/06 Mon 9/4/06 Mon 118/07 Mon 118/07 Mon 1/8/07 Mon 8114/06 Mon 8114106 Mon 8/14106 Mon 9/4/06 Mon 9/4/06 Mon 914/06 Mon 9/4/06 Mon 9/4/06 Mon 11/27/06 Mon 914/06 Mon 9/4►06 Mon 10/30/06 Mon 9/4/06 Mon 11/13/06 Mon 11/13/06 Mon 12/18/06 Mon 12/18/06 Mon 4/9/07 Mon 7/2/07 Mon 7/2/07 Mon 9/24/07 Mon 11/27/06 Mon 11/27/06 Mon 1/29107 Mon 2/26/07 Mon 11/27106 Mon 1/1/07 Mon 3/26/07 Mon 3/26/07 Finish Predecessors Mon 8/14/06 Fri 1116109 Fri 1217107 Fri 1/5107 10 Fri 12/7/07 4 Fri 12/7/07 4 Fri 12/7/07 4 Fria 1/18/08 Fri 12/1106 Fri 9/1/06 1 Fri 11/24/06 10 Fri 11/24/06 10 Fri 10120/06 10 Fri 10/20/06 10 Fri 10/20/06 10 Fri 121m 11,12,15 Fri 10127/06 10 Fri 1218/06 Fri 12/8/06 17,12FS-20 dys Fri 11/24/06 10 Fri 12115/06 Fri 12/15/06 19FS-20 dys Fri 6129107 21 Fri 416/07 Fri 6/29/07 24 Fri 11116/07 23 Fri 9/21/07 Fri 11116107 27 Fri 7/6/07 Fri 3/23/07 12 Fri 3/23/07 30FS-40 dys Fri 3123/07 30FS-20 dys Fri 1/19/07 12 Fri 3/23/07 30FS-60 dys Fri 4/20/07 34,31,32,33 Fri 4/27/07 35FS-20 dys 2009 J IJ,A _S'O.;N1D J IFJMIAM.;J1_J A!S._Ct N'DiJ_.F M AM J J (A S_jO N,D J IF M ♦-8/14 2007 1 to_ 3/23 3/26 14/20 2008 Project: I-215/SR-60 East Junction HC Date: Tue 7/11/06 Task Critical Task Progress Milestone Summary Rolled Up Task Rolled Up Critical Task Rolled Up Milestone Rolled Up Progress Split External Tasks Project Summary Group By Summary Deadline Page 1 1-215 / SR-60 East Junction EW HOV Connectors COMBINED ID WBS 37 WBS 230.55 38 WBS 230.60 39 WBS 255 40 WBS 255.05 WBS 255.10 WBS 255.15 WBS 255.20 44 WBS 255.25 45 WBS 255.30 46 WBS 255.35 i 47 WBS 255.40 48 WBS 260 49 WBS 260.05 50 WBS 260.10 51 WBS 260.15 52 WBS 260.15.30 53 WBS 265 54 WBS 265.05 55 WBS 265.25 56 WBS 100.25 57 WBS 200 58 WBS 200.05 59 WBS 200.10 60 WBS 200.15 61 i WBS 200.20 62 j WBS 200.25 63 I WBS 220 i 64 WBS 220.05 65 WBS 220.15 66 WBS 300 67 WBS 300.05 41 42 43 68 WBS 300.35 69 WBS 100.20 70 WBS 270 71 WBS 295 72 I WBS 295.15 _. . Task Name Incorporate Structures Draft PS & E Review and Update Project Information for PS & E Package CIRCULATE/REV & PREP FNL DISTRICT PS&E PKG Circulate & Review Draft District PS&E Package Update PS&E Package Perform Environmental Reevaluation (d needed) Prepare Final District PS&E Package Prepare Geotechnical Information Handout Prepare Materials Information Handout Prepare Staking Notes Prepare Resident Engineer's File PREP CONTRACT DOCS (Ready to List/Advertise) PS&E Received Produce Check Prints Prepare Draft Contract Documents Environmental Certification at RTL ADVERTISE/OPEN BIDS/AWARD & APPROVE CONTRACT Prepare Project for Advertising Respond to Inquiries (ADVERTISE/AWARD) Project Management - Right of Way Component COORDINATE MIL Perform Preliminary Utility Verification Determine Utility Locations (Potholing) and Prepare Conflict Maps Utility Conflict Resolution Implement Utility Relocation Plan Manage the Utility Relocation PERF WIN ENGRG Retrace and Perpetuate Existing Land Net for RAN Acquisition Prepare Right of Way Maps (if Required) PERF FNL R/IN ENGRG ACTIVITIES Monument the Right of Way and Prepare Monumentation Maps Prepare Right of Way Record Map Project Management - Construction Component PERF CONSTR ENGRG & GENERAL CONTRACT ADMIN ACPT CONTRACT/PREP FNL CONSTR EST & PREP FNL RPT Prepare As -Built Plans Duration I Start Finish Predecessors y Mon 7/2/07 Fri 7/6/07 36,25 5ds� 20 dys I Mon 6/11/07 Fri 7/6/07 37FS-20 dys 280 dys Non 9/4106 Fri 9128/07 30 dys Mon 7/9/07 Fri 8/17/07 38 20 dys Mon 8/20/07 Fri 9/14/07 40 233 dys Mon 9/4/06 Wed 7125107 10 60 dys Mon 719/07 Fri 9/28/07 38 46 dys Thu 7/26/07 Thu 9/27/07 42 46 dys Thu 7/26/07 Thu 9/27/07 42 46 dys Thu 7/26/07 Thu 9/27/07 42 42 dys Thu 7/26/07 Fri 9/21/07 42 30 dys Mon 10/1/07 Fri 11/9/07 20 dys Mon 10/1/07 Fri 10/26/07 39 20 dys Mon 10/1/07 Fri 10/26/07 49SS 20 dys Mon 10/1/07 Fri 10/26107 49SS 30 dys Mon 1011/07 Fri 1119107 42,49SS 80 dys Mon 10/1107 Fri 1118108 40 dys Mon 10/1/07 Fri 11/23/07 51FS-20 dys 40 dys Mon 11/26/07 Fri 1/18/08 54 620 dys Mon 914106 Fri 1/16/09 373 dys Non 9/4/06 Wed 216/08 60 dys Mon 9/4/06 Fri 11/24106 10 20 dys Mon 11/27/06 Fri 12/22/06 58 40 dys Mon 12/25/06 Fri 2/16/07 59 40 dys Thu 7/26/07 Wed 9/19/07 60,42 100 dys Thu 9/20/07 Wed 2/6/08 61 165 dys Mon 9/4/06 Fri 4120/07 60 dys Mon 9/4/06 Fri 11/24/06 10 100 dys Mon 12/4/06 Fri 4/20/07 64,16 20 dys Mon 12122/08 Fri 1116/09 20 dys Mon 12/22/08 Fri 1/16/09 70 20 dys Mon 12122/08 Fri 1/16/09 67SS 26° °YS Mon 1121108 Fri 1/16109 240 dys Mon 1/21/08 Fri 12/19108 53 20 dys Mon 12/22/08 Fri 1/16109 70 20 dys Mon 12/22/08 Fri 1/16/09 2007 J;JA S,ON.p JIFIM A M_J J.jA $_;O N _D 7/2 7/6 10/26 10/26 10/26 11 /9 2008_ 2009 J:FM1A.i.M.J)J(AIS0 NID..J.j.FLM 12/2 TI 1 /16 12/19 12/22 M 1/16 Project: I-215/SR-60 East Junction HC Date: Tue 7/11/06 Task Critical Task Progress Milestone Summary Rolled Up Task • Rolled Up Critical Task Rolled Up Milestone Rolled Up Progress Split External Tasks Project Summary Group By Summary Deadline b Page 2 s RIVERSIDE COUNTY TRANSPORTATION COMM/SS/ON DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Cathy Bechtel, Project Delivery Director Bill Hughes, Bechtel Project Manager Erik Galloway, Bechtel Project Coordinator THROUGH: Eric Haley, Executive Director SUBJECT: Agreement No. 07-31-010-00 to Prepare Plans, Specifications, and Cost Estimate for the Construction of Highway Improvements Consisting of Two New High Occupancy Vehicle Lane Structures at the 60/215 East Junction Between Box Springs Road Over - Crossing and Day Street Under -Crossing STAFF RECOMMENDATION: This item is for the Commission to: 1) Approve the selection process and consider the award of a contract to the highest ranked consultant to perform final engineering services and prepare Plans, Specifications, and Cost Estimate (PS&E) for construction of highway improvements at the 60/215 East Junction Interchange, contingent upon obligation of the funds with Caltrans; 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission; and 3) Authorize the Executive Director `'or his designee to approve contingency work as may be required for the project. BACKGROUND INFORMATION: The proposed limits of the project design will be from the Box Springs Road crossing at 60/215 on the west to approximately the Day Street/SR-60 Interchange on the east. This project will construct two high occupancy vehicle (HOV) bridges that will connect the HOV lanes that were recently constructed by the Commission in Moreno Valley on SR-60 to the future HOV lanes that will be constructed by the Caltrans Design Sequencing project on 1-215. This project will close the SR-60 HOV gap that will be left between these two construction projects after the 1-215 Design Sequencing project is complete and will add another critical lane of traffic in each direction through the East Junction (between Moreno Valley and Riverside). Agenda Item 9 145 The Commission has previously funded the SR-60 HOV project that will add an HOV lane between Valley Way and the County Line. After both of these gap HOV projects are complete in Riverside County, it will provide for a HOV lane that will start from Redlands Boulevard in Moreno Valley and continue without interruption to the San Bernardino County Line and beyond to SR-57. The subject project has already been environmentally cleared as part of the 1-215 Design Sequencing project and is part of what is referred to as the East Junction improvements. The complete set of improvements that are planned for the East Junction improvements will provide for the HOV connectors between 1-215 and SR 60 in Moreno Valley as discussed above as well as providing for the future HOV connections that will allow HOV lanes to connect to continuation of the 1-215 south towards the city, of Perris. The entirety of the East Junction improvements includes significant amounts of structural work, right-of-way acquisition, and the relocation of the frontage roads on the north side of the interchange. The total estimated cost for all of the East Junction improvements will exceed $75 million dollars. Staff has been coordinating with Caltrans staff regarding splitting the. East Junction improvement package into two delivery packages. The first will be the HOV connectors between 1-215 in Riverside and SR-60 in Moreno Valley (the subject of this agenda item). A later package will deliver the 1-215 HOV connectors to/from 1-215 to the south of the East aunction, towards Eucalyptus Avenue. The estimated cost to deliver the first package will be approximately $30 million and does not require any right-of-way acquisition. It is important to get this project underway before the environmental document is required to be updated and so that it can be delivered as soon as the design sequencing improvements are completed. The proposed source of funding will be Congestion Mitigation and Air Quality (CMAQ) matched with Measure A. It is anticipated that the Commission will advertise, award, and administer the construction package. At its June 2, 2005 meeting, the Commission approved and directed staff to issue a request for proposals to prepare the PS&E for the I-215/SR 60 HOV Connectors.. The Calendar of events has been established as follows: Calendar of Events: Distribution of RFP Bidders Information Meeting (not mandatory) Proposals were Delivered to RCTC prior to 2 PM Short Listed Firms were Notified Interviews of Short Listed Firms Staff Recommendation to Commission Agenda Item 3 146 April 26, 2006 May 10, 2006 May 31,_2006 June 14, 2006 June 28, 2006 July 12, 2006 • • Selection Process A selection panel was assembled, which consisted of representatives from Commission staff, Caltrans, county of Riverside, city of Riverside, city of Moreno Valley and Bechtel. Staff received proposals from three firms. The selection panel reviewed the three proposals and due to the high quality of the proposals, it was decided to short list all three firms. The results of the selection panel will be presented at the Commission Meeting. Financial Information To be provided at the Commission Meeting. Agenda Item 9 147 AGENDA ITEM 10 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: July 12, 2006 TO: Riverside County Transportation Commission. FROM: Budget and Implementation Committee Theresia Trevino, Chief Financial Officer THROUGH: Eric Haley, Executive Director SUBJECT: Interest Rate Swap BUGDET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Approve the 'Riverside County Transportation Commission Swap Policy and revisions to the Debt Management Policy; 2) Adopt Resolution No. 06-014, "A Resolution of the Riverside County Transportation Commission Regarding the Swap Policy and Revised Debt Management Policy'; 3) Direct staff to develop and issue a solicitation for a request for proposals for one or more variable -to -fixed interest rate forward. starting swap transadlisons related to a totalnotional amount of S 18 5, 000, 000; 4) Approve Agreement No. 07-19-011-00 with Fieldman Rolapp Financial Services, LLC to provide swap advisory services; 5) Approve Agreement No. 05-19-510-01, Amendment No. 1 to Agreement No. 05-19-510, with Orrick, Herrington, & Sutcliffe LLP to amend the scope of services and related compensation related to legal services related to the execution of a swap transaction; 6) Authorize the Chair, pursuant to legal counsel review, to execute the Agreements on behalf of the Commission; 7) Adopt 'Resolution No: 06-015, A Resolution of the Riverside County Transportation Commission Authorizing the Execution of a Swap and, 8) Authorize the Executive Director, pursuant to bond counsel review, to execute the swap transaction documents, including the International Swap and Derivatives Association, Inc. (ISDA) Master Agreement (Local Currency -Single Jurisdiction) (Copyright 1992), as amended by a Schedule and Credit Support Annex, with the successful counterparties. Agenda Item 10 148 BACKGROUND INFORMATION: At its February 2005 meeting, the Commission approved a commercial paper program to provide advance funding for projects included in the expenditure plan of the approved 2009 Measure A. In April 2005, $30,005,000 of commercial paper, notes was issued under the $185,000,000 commercial paper program that was established. It has been anticipated that the outstanding commercial paper notes will be refinanced with a long-term debt issuance in late 2008 or in early 2009. Since the inception of the commercial paper program, interest rates on the notes have varied from 2.05% to 3.58%, with a weighted average interest rate of 2.92%. Additionally, since February 2005, the Federal Reserve has increased the Fed Funds rate from 2.25% to 5.00%, and investors areanticipating; the results .of the Federal Reserve's next meeting on June 29, 2006. The Commission anticipates issuing long-term debt to refinance the commercial paper notes as well as to provide financing to advance fund projects included in the 2009 Measure A Expenditure Plan. Due to the uncertainty of future interest rates, staff and the Commission's financial, advisor, Fieldman, Rolapp & Associates (Fieldman), have been discussing financing strategies to achieve a greater level of stability of interest rates upon the issuance of long-term debt. Such discussions have included meetings with investment bankers regarding market information and recommended strategies, which related to ,interest rate swaps or hedges. Additionally, staff has attended 'conferences and seminars to 'obtain an understanding of public finance st}ategies including interest rate swaps and. hedges. It is the opinion of staff and Fieldman that it would be prudent for the Commission' to consider an interest rate swap strategy at this time to insulate the Commission's 2009 Measure A financing program against future interest rate volatility. It is important to note that this strategy is not speculative or a play on expected interest rates. Rather, staff and Fieldman believe that the direction ofinterest rates in the future is uncertain, that such interest rates will be different than today, and that the fixed rate of interest for tax-exempt long-term debt that could be obtained now is desirable due to the currently flat yield curve and .relatively ,low forward premium cost. Agenda Item 10 149 • • As a point of reference, the following is a summary of the range of fixed rates of interest on the long-term debt issued under the Commission 1989 Measure A financing program: 2000 Sales Tax 1997 Sales Tax 1997 Sales Tax 1996 Sales Tax 1993 Sales Tax 1991 Sales Tax Revenue Bonds Revenue Bonds, Series A Revenue Bonds, Series B Revenue Bonds Revenue Bonds Revenue Bonds 4.250% to 5.250%: 3.700% to 5.250% 3.750% to 5.000% 3.500% to 6.000% 3.500% to 5.750% 5.600% to 6.700% The use of interest rate swaps by governmental agencies is becoming more common, as such agencies enter into swaps to accomplish three primary objectives: • To reduce borrowing costs; • To better manage or limit interest rate risk; and • To effect a better matching of assets and liabilities. In fact, several transportation agencies including the Orange County Transportation Authority, San Diego Association of Governments (SANDAG), Los Angeles County Metropolitan Transportation Authority, Contra Costa Transportation Authority (CCTA), Santa Clara Valley Transportation Authority, San Joaquin Transportation Authority (SJTA), and Bay Area Toll Authority have entered into swap transactions. SANDAG, CCTA, and SJTA have forward swaps relating to future long-term debt issuances, similar to the type of transaction being contemplated for the Commission. Agenda Item 10 150 Overview of a Swap Transaction A swap is a contract between a borrower (i.e., the Commission) and counterparty (i.e., a financial institution) to exchange, or swap, cash flows for a defined period of time. In the floating to fixed rate swap under consideration, one party (the Commission) pays a fixed rate to the other, and the other party (the counterparty) pays a floating/variable rate to the other. The swap payments are calculated ,on a computational base referred to as the notional amount; however, no principal amounts are exchanged between the Commission and the counterparty. When the Commission issues floating rate bonds, it retains ,the obligation to make interest payments to the bond holders based on a floating rate. This swap is intended to integrate with the floating rate bonds. Under the swap, the Commission will have a floating rate receipt intended to correlate with (and offset) its floating' rate payment. The primary obligation of the Commission is intended to be the fixed rate payment under the swap. The swap creates a financing structure which, on a net basis, results in fixed rate debt for the Commission —this is called "synthetic fixed rate debt." The floating rates are usually based on objective indices such as the London Inter -Bank Offered Rate (LIBOR) and .Bond Market Association (BMA) swap index. The floating rate paid to the bondholders by the borrower theoretically is offset by the floating rate received from the counterparty by the borrower. The following is a graphic illustration of a swap transaction that creates a synthetic. fixed rate: Counterparty (swap provider) Swap Variable Rate Fixed Rate Borrower (issuer of debt) ,iiiiiBond Variable Rate -Bond Sale Proceeds Bond Holders SWAP BONDS At the Commission meeting, staff will make a detailed presentation of the mechanics of a swap transaction_ Agenda Item 10 151 Swap Policy As the Commission considers executing a swap transaction, it is prudent financial management to adopt a written swap policy. Such a policy should address the following matters: • Commission's rationale for utilizing interest rate swaps; • Permitted instruments; • Approved transaction types; • Risk and benefit analysis procedures; • Procurement and execution procedures; • Counterparty eligibility requirements; • Collateral requirements; and • Documentation requirements. With the assistance of Fieldman, acting as the Commission's swap advisor, and Orrick, Herrington, & Sutcliffe LLP (Orrick), as bond counsel, staff has developed . i the attached swap policy for adoption by the Commission. The adoption of a swap , policy recently has been a critical factor considered by the rating agencies for •the . evaluation of issuers entering into swap arrangements. Accordingly, such a policy would be part of the discussion with the rating agencies during the November 2006 meetings. Swap Bidding Process i The Commission's goal is to combine the best` elements of a competitive process with the level of document flexibility and customization offered through a negotiated procurement process. Therefore, the Commission's financing team Fieldman, as swap advisor, and Orrick, as bond counsel will develop and implement a process featuring elements of both competitive and negotiated processes. Staff intends to conduct a pre -marketing effort and implement a process of negotiating the interest rate swap arrangements based on an initial screening of potential counterparties. Initially, participants that have shown particular interest in the Commission's potential swap financing will be forwarded a Request for Qualifications (RFQ). Additionally, the RFQ will be posted on the Commission's website. The RFQ will seek, among other things, responses related to: Agenda Item 10 152 • The overall compensation to be paid to the counterparty; • The particular provisions that may require negotiation; and • Substantiation of compliance with the Commission's swap policy pertaining to limitations on potential swap counterparties. This feedback is usually important as structuring considerations for the overall financing plan are finalized, and indicates the level of - interest in the swap transaction. A formal bid date would be determined, and the final swap terms would be circulated to potential swap providers. On the bid date, bids would be submitted by the swap providers, and two swaps would be entered into with .the successful bidders. Since the Commission currently anticipates offering to pay a fixed rate and receive a floating rate, the successful bidders will be those willing to accept the lowest fixed payment in exchange' for the desired floating payment. Swap Documentation Upon selection of the swap provider or counterparty, documents will be drafted and executed providing the terms and conditions of the swap. Swap, documents are generally based on the International Swaps and Derivatives Association, Inc. (ISDA) Master Agreement, which has created uniformity within the market. The Master Agreement` is accompanied by a Schedule, Credit Support Annex, and Confirmation. While the Master Agreement is a preprinted form, the Schedule amends the Master Agreement ant indicates the elections among the options presented in and additional terms not covered by the'Master-Agreement. The Credit Support Annex details collateralization requirements; terms, and mechanics. A confirmation which details the terms of each swap transaction is entered into for each swap transaction. Examples of these documents are included as attachments for informational purposes. Agenda Item 10 153 General Proposal for Swap Transaction for the Commission Based on consultation with Fieldman and Orrick, staff recommends that the Commission enter into the following swap transaction: • The notional amount would be $185,000,000, as the Commission would otherwise reasonably expect to issue long-term debt in 2008 or early 2009 that would refinance the outstanding commercial paper notes. Staff anticipates that the commercial paper program will be fully utilized over the next two to three years. The amount of any additional long-term debt to be issued and the approximate timing has not been determined; accordingly, staff does not recommend entering into a swap transaction exceeding a notional amount of $185, 000, 000. • The term of the swap transaction should be no more than 20 years, as the Commission does not currently anticipate issuing long-term debt with a maturity that approximates the term of the 2009 Measure A, or 30 years. • The swap will commence at a date in 2008 or 2009 when the Commission expects to issue long-term debt. • The Commission would expect to refinance the commercial paper notes with variable rate long-term debt in 2008 or early 2009, resulting in the Commission offering to pay a fixed rate andreceive a floating rate under the swap transaction. However, the Commission may decide not to issue variable rate long-term bonds, in which event the swap would synthetically fix the commercial paper program. • No more than two bids will be selected as winning bids. Advisory Team Agreements Due to the technical nature and complexities of a swap transaction, staff requires the support and advice of advisors with appropriate experience. ,This team consists of a swap advisor and bond counsel. Staff therefore recommends that the Commission enter into the following agreements: • Agreement No. 06-19-072-00 with Fieldman, Rolapp Financial Services, LLC, a related company of Fieldman, for swap advisory services with compensation of $65,000 to be paid only upon execution of the swap transaction. • Agreement No. 05-19-510-01, an amendment of the scope of services to Orrick's existing agreement to include legal services related to the execution of a swap transaction with compensation not to exceed $100,000 to be paid only upon execution of the swap transaction. Agenda Item 10 154 The above compensation would be paid from commercial paper proceeds upon the execution of a swap transaction. If the swap transaction is not completed, no compensation would be paid to either the swap advisor or bond counsel. Draft agreements for the swap advisor and bond counsel are included as attachments: Swap Risks While the Commission considers an interest rate swap transaction for, the benefits described earlier, it must have an understanding of the incremental risks that are assumed compared to a conventional fixed rate bond arrangement. The following are some of the significant risks to a swap transaction: • Basis Risk: Mismatch between the floating rate paid to the bondholders by the Commission and the floating rate received by the Commission from the counterparty. • Counterpaty Risk: Failure of the counterparty to perform and make the required payments to the Commission. • Termination Risk: Need to terminate the swap agreement prior to the termination date of the agreement. • Tax Risk: Potential tax events or changes in tax laws that may affect the advantage to issuing tax-exempt debt. Other potential risks include liquidity, interest rate/credit, and rollover. In staff's presentation to the Commission, the 'risks will be discussed in more detail. Staff and Fieldman are of the opinion that the level of risk to the Commission; appears to be minimal compared to the future interest rate stability that would result from this swap transaction. While risk monitoring is an ongoing process once a swap transaction is completed, there are some activities that will not commence until the swap begins in 2008 or 2009. Due to the variable rate nature of the long-term bonds to be issued, it is expected that there will be weekly or monthly swap settlements during the term of the swap for the net payment by the Commission or the net receipt to the Commission. These additional accounting activities would be performedby the Finance Department, whose staff resources will be evaluated over the next few years. Additionally, a 'swap consultant would be engaged to monitor the performance and effectiveness of the swap by reviewing the floating rate calculations and performing 'annual mark -to -market valuations for financial disclosure purposes. These additional costs will impact future years' budgets. Agenda Item 70 155 • • • Next Steps Upon Commission approval, swap terms will be finalized and remaining legal issues resolved so that the bidding process may commence in mid -July 2006. This would be followed by bid closing and selection in mid -August 2006. Staff anticipates presenting the details of the executed swap transaction to the Commission at the September 2006 Commission meeting. Financial Information In Fiscal Year Budget: No Year: FY 2006/07 Amount: $165,000 Source of Funds: Commercial Paper Proceeds Budget Ad ustment: Yes GLA No.: 303-19-65302 P8100 80 $65,000 303-19-65101 P8100 80 $100,000 Fiscal Procedures Approved: \14e,u_4(..4,�, Date: 6/26/06 Attachments: 1) Swap Policy 2) Debt Management Policy 3) Resolution No. 06-014 4) Form of Master Agreement, Schedule, Credit Support Annex, and Confirmation Agreement No. 07-19-011-001ncluding Form ADV Part II Agreement No. 05-19-510-01 Resolution No. 06-015 5) 6) 7) Agenda Item 10 156 e RIVERSIDE COUNTY TRANSPORTATION COMMISSION INTEREST RATE SWAP POLICY I. INTRODUCTION The purpose of this Interest Rate Swap Policy (Policy) of the Riverside County Transportation Commission (RCTC) is to establish guidelines for the use and management of all interest rate management agreements, including, but not limited to, interest rate swaps, swaptions, caps, collars and floors (collectively Swaps or Agreements) incurred in connection with the issuance of bonds, notes and other - obligations (collectively, the Bonds). This Policy sets forth the manner of execution of swaps; provides for security and payment provisions, risk considerations and certain other relevant provisions in the context of being responsive to the 2003 Recommended Practices of the Government Finance Officers Association (GFOA) regarding the contents of an interest rate swap policy. The failure by RCTC to comply with any provision of this Policy shall not invalidate or impair any Agreement. II. AUTHORITY RCTC is authorized to issue Bonds and to enter into Swaps from time to time to better manage assets and liabilities and take advantage of market conditions to lower overall costs and reduce interest rate risk. RCTC has issued this Policy to provide guidance ,as to how RCTC intends to use and manage Swaps. While it is the intention of RCTC to adhere to this Policy in applicable circumstances, RCTC recognizes that changes in the capital markets and other unforeseen circumstances may from time to time produce situations that are not covered by the Policy which will require modifications or exceptions to achieve policy goals. The Executive Director and Chief Financial Officer and their authorized designee(s) (the Authorized Representative) are the designated administrators of this Policy. The Governing Board of RCTC (the Board) shall have "oversight" on the approval of each. Agreement. However, the Authorized ,Representative, subject to Board approval, shall have the authority to enter into each Swap. Each Agreement shall be structured by staff and members of the financing team. The Authorized Representative shall have the day-to-day responsibility for implementing, and managing the Agreements. 157 RCTC shall be authorized to enter into Swaps only with qualified counterparties (each a Counterparty). Counterparties shall be selected pursuant to the criteria set forth in this Policy. This Policy shall be reviewed on an annual basis by the Authorized Representative. Any recommended changes shall be presented to the Governing Board/Budget and Implementation Committee for their consideration. III. PURPOSE The issuance of Bonds involves a variety of interest payment obligations and risks that a variety of financial instruments are available to reduce, offset, or hedge. The - structure of RCTC's debt is often designed to manage the assets and liabilities on its balance sheet. It is the policy of RCTC to also consider the use of Swaps and other financial instruments to better manage its assets and liabilities. RCTC may execute a Swap if the transaction can be expected to result in one or more of the following or any similar type of benefit: • Reduce exposure to changes in interest rates on a particular financial transaction or in the context of the management of interest rate risk derived from RCTC's overall asset/liability balance; ■ Result in a lower net expected cost of borrowing with respect to the Bonds; ■ Manage variable interest rate exposure consistent with prudent debt practices; • Manage exposure to changing market conditions in advance of anticipated issuance of Bonds (through the use of anticipatory hedging instruments); ▪ Achieve more flexibility in meeting overall financial objectives that cannot be achieved in conventional markets. For example, entering into a swaption with an upfront payment; ■ Provide customized cash flows to match required payment obligations or revenue projections: RCTC will not use Agreements that: • Are speculative or create extraordinaryleverage; • Lack adequate liquidity to terminate without incurring a significant bid/ask spread; ■ Provide' insufficient price transparency to allow reasonable valuation; or • Provide exposure to currency risk, sovereignty risk, commodity risk or the use of credit derivatives unless directly linked to RCTC's or the Counterparty's credit. 158 IV. ASPECTS OF RISK EXPOSURE ASSOCIATED WITH SWAPS Before entering- into a Swap, RCTC shall evaluate all the risks inherent in the - Agreement. These risks to be evaluated should include basis risk, yield curve/maturity mismatch, tax risk, Counterparty risk, termination risk, rollover risk, liquidity, risk and credit risk. TYPE OF RISK Basis risk DESCRIPTION The mismatch between actual variable rate debt service and variable rate indices used to determine Swap payments. Defines the risk that the normal relationship between indices or prices might change. EVALUATION METHODOLOGY RCTC wilt review and consider based on the historical trading differentials between the indices relevant to the Swap agreement. Yield Curve/advantage Maturity Mismatch This type of position is typically a deliberate arbitrage play or to take of the shape of the yield curve. The risk created when swap payments are based on indices that lie along different parts of the yield curve (e.g. 7-day rates vs. 30-year rates). et RCTC will evaluate historical trading relationships, " and make sure to have adequate reserves or a hedging mechanism to offset unexpected movements. Tax risk The risk created by potential tax events that could affect Swap payments. RCTC will review the tax events in proposed Agreements. RCTC will evaluate the impact of potential changes in tax law on LIBOR indexed Swaps. Counterparty risk The failure of the Counterparty to make required payments. RCTC will monitor exposure levels, ratings thresholds, and collateralization requirements. Termination risk h Te need to terminate the Agreement in a market that dictates a termination payment by the issuer. RCTC will compute its termination exposure forall existing and proposed Swaps at market value and under a worst -case scenario. Rollover/ Mismatch risk The mismatch of the maturity of the Swap and the maturity of the underlying Bonds. RCTC will determine its capacity to issue variable rate bonds that ' may be outstanding after the maturity of the Swap. 159 TYPE RISK Liquidity risk Credit risk The inability to continue or renew a liquidity facility. The occurrence of an event modifying the credit rating of the Issuer or its Counterparty. RCTC will 'evaluate the ' expected availability of liquidity support" for swapped and unhedged variable rate debt. RCTC will monitor the ratings of its Counterparties and guarantors. Risk exposure should not be measured solely in terms of notional amount, but rather how changes in interest rates would affect RCTC's' exposure on all of its Swaps (as measured by mark -to -market and termination risk exposure). The mark -to -market and termination value of the entire swap 'portfolio should be measured at least semi-annually by an independent third party. In addition, RCTC should measure the termination risk for the respective 'Counterparty each time it enters into a new Agreement. Termination Value Risk Limit The aggregate termination payment frisk for all existing and projected Swaps shall equal that amount that would be paid by an individual Counterparty based on the reasonably expected termination payment of the proposed Counterparty for the existing swaps and the proposed swap. The method of such analysis may provide a worst -case termination value, using a methodology such as a (Value At Risk) VAR Analysis, or a parallel yield curve sensitivity analysis PV(01) method. Maximum Counterparty Termination Value RCTC shall endeavor to diversify its exposure to Counterparties. To that end, before entering into an Agreement, it should determine its exposure to the relevant Counterparty and determine how the proposed Agreement would affect RCTC's additional risk to termination. Maximum Counterparty Termination Exposure refers to the aggregate mark -to - market exposure to a counterparty net of the mark -to -market value of any collateral pledged to RCTC by such counterparty. RCTC's goal is to limit its Maximum Counterparty Termination attributable to a single swap counterparty, as set forth below. 160 Exposure • Counterparty Long -Term Rating (lower prevailing) Maximum Termination Value Exposure* AAA $75 Million AA1/AA+ $50 Million Al/A+ $25 Million * The table above provides general exposure guidelines with respect to whether RCTC should enter into an additional agreement with an existing Counterparty. RCTC may make exceptions to the guidelines at any time to the extent that the execution of a Swap achieves one or more of the outlined benefits in this Policy or provides other benefits to RCTC. These limits shall only apply as of the time a Swap or related transaction, such as a cap, collar, etc. is entered into, and thus may be exceeded during the term of a Swap or Swaps with the same Counterparty. Additional limits may be established for each Counterparty as well as the relative , level of risk associated with each existing and projected Swap. Case -by -Case Analysis RCTC should also take into account RCTC's financial position and 'overall asset/liability management strategy when evaluating its termination exposure for each transaction. The Authorized Representativeshall determine the appropriate term for a Swap on a case -by -case basis. The slope of the swap curve, the marginal change in swap rates from year to year along the swap curve, and the impact that the term of the swap has on the overall exposure of RCTC in connection with its Bonds shall be considered in determining the appropriate term of any Swap. In connection with the issuance of Bonds, the term of a Swap shall not extend beyond the final maturity date of the applicable issue of Bonds, or in the case of a refunding transaction, beyond the final maturity date of the refunding Bonds. The total net notional amount of all Swaps related to an issue of Bonds should not exceed the amount of the related outstanding Bonds. For purposes of calculating the net notional amount, credit shall be given to any Swaps that offset for a specific bond transaction. 161 V. LONG-TERM IMPLICATIONS In evaluating a particular transaction involving the use of swaps, ROTC shall review long-term implications associated with entering into each agreement, including costs of borrowing, historical interest rate trends, variable rate capacity, credit enhancement capacity, liquidity capacity, opportunities to refund related debt obligations and other similar considerations. IMPACT OF USE OF LIQUIDITY RCTC shall consider the impact of any variable rate bonds issued in combination with a Swap on the availability and cost of liquidity support. CALL OPTION VALUE CONSIDERATIONS When considering the relative advantage of variable rate bonds issued in combination with a Swap versus fixed rate Bonds, RCTC will take into consideration the value of any call option on fixed rate Bonds. When comparing potential cost savings by utilizing a swap, RCTC should take into consideration that a synthetic fixed-rate swap does not usually have an optional call provision; and therefore, should evaluate the potential impact on future cost savings and flexibility. QUALIFIED HEDGES RCTC understands that, (1) if payments on and receipts from the Agreement are to be taken into account in computing the yield on the related Bonds, the Agreement must meet the requirements for a "qualified hedge"under federal • tax law (sometimes referred to as an "integrated" Swap); and (2)• if one of the goals of entering into the Agreement is to convert variable yield bonds into fixed yield bonds (sometimes referred to as a "super integrated swap")', then certain additional requirements must be met. In both of these situations, the, terms of the Agreement and the process for entering into the Agreement must be reviewed and approved in advance by tax counsel. V1. QUALIFIED SWAP COUNTERPARTIES Unless approved by the Board, RCTC will work with qualified Swap Counterparties that have a general credit rating of: (i) at least "Aa3" or "AA-" by two of the nationally recognized rating agencies and not rated lower than "Aa3" or "AA-" by any nationally recognized rating agency, or (ii) at least "A1" or "A+" by two of the nationally recognized rating agencies and has a continuing "AAA" subsidiary as rated by at least two nationally recognized credit rating agencies. The nationally recognized rating agencies are Moody's Investors Services, Inc., Standard and Poor's Rating Services and Fitch Ratings. 162 • Swap Counterparties must have a demonstrated record of successfully executing Swap agreements as well as minimum capitalization of at least $500 million. Swap Counterparties should serve as principal on each transaction not as "agent" in order to assure most efficient pricing and direct responsibility. In addition to the ratingcriteria specified herein, RCTC will seek additional credit enhancement and safeguards in the form of: i. Contingent credit support or enhancement; ii. Collateral consistent with the policies contained herein; iii. Ratings downgrade triggers; iv. Guaranty of parent, if any; and/or v. Replacement Swap Agreements. VI1. FORM OF SWAP AGREEMENTS It is RCTC's intention to have a form of Swap Agreement to be used in all Swap Agreements, modified as necessary to meet the needs of a particular transaction. The form of the Agreement executed by RCTC shall containtermsand conditions as set forth in the. International Swap and Derivatives Association, Inc. USDA) Master Agreement, including any schedules, and confirmations. All Agreements shall .be subject to the approval of ithe Authorized Representative. The Agreements shall include payment, term, security, collateral, default, remedy, termination, and other terms, conditions and provisions as the Authorized Representative deems necessary or desirable. RCTC may use legal counsel and/or outside professional advisors to assist in preparation of the swap documents. VIII. TERMINATION PROVISIONS RCTC shall consider including in all Agreements provisions granting RCTC the right to optionally terminate an Agreement at any time over the term of the Agreement. Any termination of an Agreement shall be made by the Authorized Representative. A termination event is deemed to occur should the Swap Counterparty (or its credit support provider) fail to maintain the ratings below and the Swap Counterparty has not delivered any collateral as required under the Credit Support Annex with RCTC: 1. Credit Rating of at least "Baal" from Moody's; or 2. Credit Rating of at least "BBB +" from S&P; or, 3. Credit Rating of at least "BBB+" from Fitch 163 An equivalentrating determined by a nationally recognized ratings service acceptable to both parties. Furthermore, an additional termination event is deemed to occur should the Swap Counterparty (or its credit support providers) have one or more outstanding issues of rated unsecured, unenhanced senior debt and none of such issues has a rating of at least (i) Baa2 or higher as determined by Moody's investors Service, Inc., or (ii) BBB or higher as determined by Standard & Poor`s Ratings Services, a Division of The McGraw-Hill Companies, Inc. or (iii) an equivalent investment grade rating determined by a nationally -recognized rating service acceptable to both parties. A termination payment to or from RCTC may be required in the event of - termination of an Agreement due to a default or a decrease in credit rating of either RCTC or the Swap Counterparty. It is the intent of RCTC to avoid making a termination payment out of available RCTC funds to a Counterparty that does not meet its contractual obligations. Prior to making any such termination payment, the. Authorized Representative shall evaluate whether it is financially advantageous for RCTC to obtain a :replacement Counterparty to avoid making such termination payment or finance the termination payment through a long-term financing product. For payments on early termination apd optional termination, Market Quotation and the Second Method, as defined in the`1992 Form of the ISDA will apply. IX. SECURITY AND SOURCE OF REPAYMENT While RCTC has a`preference to subordinate swap payments to debtservice payments, RCTC may use the same security and source of repayment (pari` pasu) for the Swap as is used for the underlying Bonds. RCTC shall subordinate the termination payment under the swap to the debt service on the underlying bonds. RCTC shall consult with Bond Counsel regarding the legal requirements and . compliance with RCTGs legal documentation associated with making the payments under the Swapon a parity or non -parity basis with the applicable outstanding Bonds: X. SPECIFIED INDEBTEDNESS The specified indebtedness related to credit events in any Agreement should' be narrowly defined and refers only to indebtedness of RCTC that could have a materially adverse effect on RCTC's ability to perform its obligations under the Swap. Debt should typically only include obligations within the same, or higher, lien as the Swap obligation. 164 • • XI. GOVERNING LAW Governing law for Swaps may be New York or California, except that the capacity, power and authority of RCTC to enter into a Swap shall be governed by and construed in accordance with law of the State of California. X1I. EVENTS OF DEFAULT Events of default of a Swap Counterparty shall include, but are not limited to the following: 1. Failure to make payments when due; 2. Breach of representations and warranties; 3. Illegality; 4. Failure to comply with downgrade provisions and/or provide collateral as required; and 5. Failure to comply with any other provisions of the Agreement after a specified notice period. XIII. COLLATERAL REQUIREMENTS As part of any Agreement, RCTC ray require, or be required to post collateral or other credit enhancement to secure any or all Swap payment obligations.. As appropriate, the Authorized Representative may require collateral or other credit enhancement to be posted by each Swap Counterparty under the following circumstances: ■ Each Swap Counterparty may- be requiredto post collateral if the credit rating of the Swap Counterparty or parent falls below the "A- or A3". Collateral for further decreases in credit ratings of each Swap Counterparty shall be posted by each Swap Counterparty in accordance with the provisions contained in the credit support annex to each Agreement. ■ Collateral shall consist of cash, U.S. Treasury Securities, or Agency Securities. ■ Collateral shall be deposited with a third party trustee,, or as mutually agreed upon between RCTC and each Swap Counterparty. ■ A list of acceptable securities that may be posted as collateral and the valuation of such collateral will be determined, and mutually agreed upon during negotiation of the Agreement. ■ The market value of the collateral shall be determined on at least a monthly basis. 165 ■ RCTC will determine reasonable threshold limits for increments of collateral posting based on a sliding scale reflective of credit ratings. ■ The Authorized Representative shall determine on a case -by -case basis whether other forms of credit enhancement are more beneficial to RCTC. XIV.OTHER CRITERIA RCTC may select a Swap Counterparty through either a competitive or negotiated process. The selection of a Swap Counterparty shall be done on a ease -by -case basis. The conditions to be considered in determining the process shall include: ■ Traditional swap or financial products such as synthetic fixed-rate swaps, reverse swaps caps, floors, collars, and swaptions without significant deviations from standard ISDA contract. ■ The proposed structure does not require customized features. ■ Several counterparties are eligible and willing to provide bid(s). ■ Terms of the swap match the underlying bond structure (i.e. same or shorter maturity, payment dates, amortization schedule). ■ Marketing of the Swap will require complex explanations about the security for repayment or credit quality. ■ Demand is limited among Swap Counterparties. ■ Coordination of multiple components of the financing is required. ■ The Swap has non-standard futures, such as one way collateral_ ■ Bond insurance is not availablebr not offered. ■ Counterparty risk (termination exposure) to other providers is limited. ■ Counterparties are likely to demand individual changes in bid documents. ■ A Swap Counterparty has provided a structure or concept that is unique. ■ The timing and facilitation benefit to RCTC of using a Swap Counterparty that is also managing an accompanying bond issue. ■ The transaction structure or financing structure has been developed for RCTC by a Counterparty and RCTC has determined that it is in its best interest to proceed with proposed transaction or a similar structure. RCTC shall use outside professional advisors to assist in the price negotiation. RCTC shall obtain an opinion from an independent party that the terms and conditions of any financial product entered into reflect a fair market value as of the execution date. XV. ONGOING REPORTING REQUIREMENTS Written records noting the status of all Agreements will be maintained by RCTC and shall include the following information: 166 • • • ■ Highlights of all material changes to Agreements or new Agreements entered into by RCTC since the last report, and a summary of any Agreements that were terminated. ■ Basic term sheet containing trade date, effective date and termination date of each of the Agreement, as well key terms such as: notional amount, rate paid by each Counterparty, day count basis, payment dates, and amortization/accretion schedules. This term sheet will also contain Counterparty contact information. ■ Most recent (at least annually) mark -to -market valuation, performed by an independent third party advisor. ▪ For each Swap Counterparty, shalt provide the total notional amount position, the average life of each Agreement, the available capacity to enter into a Swap, and the remaining term of each Agreement. ■ The credit rating of each Swap Counterparty and credit enhancer insuring the Swap payments. ■ Actual 'collateral posting by the Swap Counterparty, if any, per Agreement and in total by Swap Counterparty. ■ Information concerning any default by a Swap Counterparty and the results of the default, including but not limited to, the financial impact to RCTC if any. RCTC shall reflect the use of derivatives on its financial statements in accordance with GASB Technical Bulletin No. 2Q03-1. The disclosure requirements include: 1. Objective of the Derivative 2. Significant Terrns 3. Fair Value 4. Associated Debt 5. Risks 167 GLOSSARY OF TERMS Agency Security - Negotiable debt obligations which are issued and/or guaranteed as to both principal and Interest by the Federal Home Loan Mortgage Corporation (FHLMC), the Federal National Mortgage Association (FNMA), or the Government National Mortgage Association (GNMA) excluding interest only securities, principal only securities, residual interest, and Collateralized Mortgage Obligations (CMO's). Amortization Risk - Amortization risk refers to thecostof servicing debt or making swap payments due to a mismatch between the bonds and the notional amount of the related outstanding Swap. Basis Risk - Basis risk refers to a mismatch between the interest rate received from the swap contract and the interest actually owed on RCTC's bonds. The risk, for example, in a floating to fixed rate swap is that the variable rate interest payments will be less than the variable interest payments actually owed on the associated bonds. BMA Index - The Bond Market Association Municipal Swap Index, the principal benchmark for short-term, tax-exempt rates among municipal issuers. A market basket index of over 200 actively traded, highly rated, non-AMT tax-exempt variable rate issues that reset their rates every Wednesday. Confirmation — A form that is executed for a specific swap or financial product transaction and details the specific terms and conditions applicable to that agreement (fixed rate, floating rate index, payment dates, calculation methodology, amortization, maturity date, etc.). Continuing AAA subsidiary A wholly owned subsidiary of a Bank or Broker/Dealer organized to transact business as a "AAA" Counterparty to eligible clients. Eligible clients are those clients acceptable to the rating agencies. To the extent a "Trigger Event" occurs, the entity will maintain all of its Agreements to their original maturity with the assistance of an independent derivatives portfolio manager. A Trigger Event is typically a downgrade of the parent company, a bankruptcy of the parent company, failure to make a payment and/or failure to deliver collateral. Counterparty - A principal to a swap or other derivative agreement, as opposed to an agent such as a broker. Counterparty Risk - The risk that the swap Counterparty will not fulfill its obligations as specified by the terms of an ISDA Master Agreement or other similar contract. Under a fixed payer swap, for example, if the Counterparty defaults, RCTC would be exposed to an unhedged variable rate bond position. The 1'68 • i creditworthiness of the Counterparty is indicated by its credit rating. RCTC has established minimum rating criteria for swap counterparties. Credit Risk - The occurrence of an event modifying the credit rating of RCTC or its Counterparty. Credit Events can trigger certain termination provisions or collateral provisions as outlined in the Agreements. Credit Support Annex - An attachment to the ISDA that covers the mutual posting of collateral, if required. This schedule is based on the net mark -to -market values of the cash flows in the swap. Forward Starting Swap - An interest rate swap in which the "swap coupon" and terms of the agreement are established today, but the start of the swap is delayed until some date in the future. Hedge - A position taken in order to offset the risk associated with some other position. Most often, the initial position is a cash position and the hedge position involves a risk -management instrument such as a swap. Interest Rate Cap - An instrument that pays off on each settlement date based on the market value of a reference rate (i.e. BMA or LIBOR) and a specified contract rate; effectively establishing a maximum on a variable rate. Interest .Rate Collar - An instrument that provides protection within a band of interest rates; a combination of purchasing an Interest Rate Cap and selling Interest Rate Floor. Generally, it is structured so that the net cost of the collar is zero or close to zero. This means that the expense for the interest rate cap premium is offset by the credit received for the interest rate floor. Interest Rate Floor - An instrument that pays off on each settlement date based on the market value of a reference rate (i.e. BMA or. LIBOR) and a specified contract rate; effectively establishing a minimum on a variable rate. Interest Rate Risk - The risk that variable rates will increase and thereby cause an increase in variable rate debt service costs and negatively impact cash flow margins. Interest Rate Swap - A contract between two parties to exchange cash flows over a predetermined length of time. Cash flows are calculated periodically based on a fixed or variable interest rate against a set notional amount (amount used only for calculation of interest payments). Principal ;is not exchanged. 169 ISDA - The International Swap Dealers Association - The global trade association whose members are dealers in the derivatives industry. Most Swaps are executed under standard documentation created by ISDA. ISDA Master Agreement - The primary document for the terms and conditions governing the swaps market. The ISDA Master Agreement contains the terms for events of default, termination events, representations and covenants, early termination provisions and payment calculations. LIBOR - The London InterBank Offered Rate. The rate at which banks will lend Eurodollars to each other over various length terms: (e.g., 1-month, 3-month, 6- month, 12-month etc.). The most active dollar -based taxable interest rate benchmark utilized globally. Notional Amount - The stipulated principal amount for a swap transaction. There is no transfer of ownership in the principal for a swap; but there is an exchange in the cash flows for the designated coupons. Rollover Risk - The risk that the term of the swap contract does not match the term of the related bonds being hedged. Upon the maturity of the swap; the risk may need to be re -hedged, causing RCTC to incur re -hedging costs. Schedule to the ISDA Master Agreement — An attachment(s) to the ISDA Master Agreement that specifies what optlons for .the various terms in the Master Agreement have been selected to govern the derivative transactions executed_ under the agreement. Swap - A contractual agreement evidenced by a single document in which two or more parties agree to exchange make periodic (net) payments for an agreed period of time based upon a notional amount of principal. Swaption - An option on a swap. The swaption purchaser has the right to enter a specific swap for a defined period of time. This option can be exercised on a specific exercise date or series of exercise dates. Tax Risk - All issuers who issue tax-exempt variable rate debt inherently accept risk stemming from changes in marginal income tax rates. This is a result of the tax codes impact on the trading value of tax-exempt bonds. As marginal tax rates decline,' the after tax value of tax-exempt income declines; forcing the tax-exempt rates to increase. This risk is also known as a "tax event" risk, a form of basis risk under swap contracts. Percentage of LIBOR swaps and certain BMA swaps with tax event triggers, which can change the basis under the swap to a LIBOR basis from BMA, can expose issuers to tax event risk. 170 • • Termination Risk - The risk that the swap could be terminated as a result of any of several events, which may include a ratings downgrade for RCTC or the swap Counterparty, covenant violation by either party, bankruptcy of either party, swap payment default by either party, and default events under a bond indenture. RCTC could owe a termination payment to the Counterparty or receive a termination payment from the Counterparty, depending on how interest rates at the time of termination compare with the fixed rate on the swap. Yield Curve - Refers to the graphical or tabular representation of interest rates across different maturities. The presentation often starts with the shortest -term rates and extends towards longer maturities. It reflects the market's views about - implied inflation/deflation, liquidity, economic and financial activity, and other market forces. 171 • • r>errtirleCodendy run ii1 en -elation Cona7rksion DEBT MANAGEMENT POLICY The Riverside County Transportation Commission (RCTC) is responsible for providing leadership and creating transportation choices that enhance the quality of life in Riverside County. RCTC's mission is to create, coordinate, finance, and deliver an easy to use transportation network which keeps Riverside County moving and meets the public's needs. In an effort to fulfill this vision, RCTC issues short and long-term debt on an as -needed basis. RCTC's Chief Financial Officer (CFO) is responsible for the sale of debt for the specific projects. RCTC's main objectives in the sale of debt are to: • Issue bonds subject to a bond debt limitation of $525,000,000 under the 1989 Measure A and $500,000,000 under the 2009 Measure A, • Maintain a 2x debt service coverage, • Obtain the lowest possible cost of funds for each of RCTC's borrowing programs, • Obtain the highest possible credit ratings that allow sufficient flexibility, • Minimize risk exposure to variable rate debt and/or derivatives, and • Maintain the required secondary market disclosure with the rating agencies, institutional and retail investors. This Comprehensive Debt Management policy contains the policies and the procedures that govern all debt sales. All participants performing services on RCTC's debt sales: • Must comply with the policies and procedures set forth herein, and • Will be expected to consistently perform at a level that provides maximum benefit to RCTC. The CFO, after consultation with and approval by RCTC's Budget and Implementation Committee, reserves the right to remove any participant from an RCTC transaction or underwriting pool at any time for substandard performance or failure to abide by RCTC's Comprehensive Debt Management Policy. The CFO actively manages all phases of each financing. All decisions related to each transaction are subject to the CFO's approval. Questions regarding the policies and procedures outlined in this Comprehensive Debt Management Policy should be directed to: Theresia Trevino, CFO Riverside County Transportation Commission 4080 Lemon Street, 3n° Floor Riverside, California 92501 Mailing Address: PO Box 12008, Riverside, CA 92502-2208 (951) 787-7141 —E-mail address: ttrevino@rctc.orr F:/USERS/FINANCE/FISCAL PROCEDURES/DEBT POLICIES.DOC 12/2/05 172 A. GOALS AND CREDIT OBJECTIVES RCTC's goals and credit objectives are to: • Serve the people of Riverside County in the fulfillment of RCTC's policy and transportation objectives, • Comply with all State and Federal laws and regulations governing the issuance of debt, • Promptly repay when due the principal and interest on all debt issued and outstanding, • Implement debt programs with the highest possible credit ratings which provide the necessary flexibility in order to achieve the lowest possible borrowing costs on RCTC's debt obligations, • Ensure that RCTC's debt proceeds are invested in safe, liquid. and secure investments that earn competitive market rates of return in accordance with RCTC's Annual Investment Policy and indenture, • Establish policies and procedures for participation in RCTC's debt financing, • Hold debt financing participants accountable to such policies and procedures, • Reward adherence to RCTC's policies and procedures and good performance by the debt financing participants with continued participation in RCTC's debt financing program, • Explore and implement innovative structuring ideas when they are prudent and consistent with the statements listed above, and thus • Protect the funds that Riverside County taxpayers have entrusted to RCTC. B. CREDIT RATING OBJECTIVES RCTC seeks to obtain and maintain th4ighest possible debt ratings while at same time providing the appropriate and necessary flexibility in its bond financing documents. Sales Tax Revenue Bonds RCTC currently maintains an AA rating from Moody's Investor Service and an Aa-2 from Standard and Poor's. The outstanding debt issues as of June 30, 2005 are as follows: 1. 1993 Sales TaxRevenue Bonds (Limited Tax Bonds), Series A, Principal Amount $136,610,000. 2. 1996 Sales Tax Refunding Bonds (Limited Tax Bonds); Series A, Principal Amount $61,765,000 3. 1997 Sales Tax Revenue Bonds (Limited Tax Bonds), Series A, Principal Amount $47,910,000. 4. 1997. Junior Sales- Tax Revenue Bonds (Limited Tax Bonds); Series B, Principal Amount $13,245,000. 5. 2000 Sales Tax Revenue Bonds (Limited Tax Bonds), Series A,' Principal Amount $35,825,000. 6. 2005 Commercial Paper Notes (Limited Tax Bonds), Series A' and B, Authorized Amount $185,000,000. F:/USERS/FINANCE/FISCAL PROCEDURES/DEBT POLICIES.DOC - 12/2/05- 173 • C. SELECTING THE APPROPRIATE METHOD OF DEBT SALE It is in the interest of RCTC to sell its public debt using the method of sale that is expected to achieve the best sale results, taking into account both short-range and long-range implications for Riverside County taxpayers. The CFO will advise the Budget and Implementation Committee of the most appropriate method of sale in light ofthe prevailing financial, market and transaction -specific conditions. D. APPOINTMENT OF A FINANCIAL ADVISOR The CFO, with the approval of the Budget and Implementation Committee and the Commissioners, may select a financial advisor to assist in the issuance and administration of RCTC's debt. The services of the financial advisor may include, but are not limited to: • Monitoring all fixed income markets, • Evaluating proposals submitted to the CFO, • Analyzing the costs and risks of debt issues, • Reviewing the structuring and pricing of debt issues, • Advising on terms and conditions of credit facilities dealing with the issuance of variable rate debt, • Assisting in the preparation of official statements, and • Reviewing presentation materials for rating agencies, investors and insurers. The services of a financial advisor will be obtained through a competitive evaluation of proposals. The criteria to be used in evaluating and selecting a financial advisor include: • Experience in providing formal financial advisory services, • Experience with diverse and complex financial structuring requirements, • Experience and reputation of assigned personnel, and • Fees and expenses. RCTC's financial advisor will provide RCTC with objective advice and analysis, maintain the confidentiality of RCTC's financial plans and be free from any conflict of interest as defined by the: • CFO and all California statutes and regulations governing financial advisors. RCTC's financial advisor may not participate in any of RCTC's syndicates in the sale of debt. E. APPOINTMENT OF LEGAL COUNSEL i The CFO, with the approval of the Budget and Implementation Committee and the Commissioners, must select a legal counsel to assist in the issuance of RCTC's debt. All debt issued by RCTC must include a written opinion of legal counsel affirming that RCTC is authorized to -issue the proposed debt, that RCTC has met all the constitutional and statutory requirements necessary for the issuance of the proposed debt and a determination of the proposed debt's income tax_ status. This approving legal opinion and other documents relating to the issuance of the proposed debt must be prepared by a nationally F:/USERS/FINANCE/FISCAL PROCEDURES/DEBT POLICIES.DOC - 12/2/05 174 recognized private legal counsel with extensive experience in municipal finance and tax matters. The services of the legal counsel may include, but are not limited to: • Rendering a legal opinion with respect to the authorization and valid issuance of debt obligations of RCTC including whether the interest paid on the debt is tax exempt under federal and State of California laws; • Preparing all necessary legal documents in connection with the authorization, sale, issuance and delivery of bonds and other obligations; • Assisting in the preparation of the preliminary and final officialstatements and commercial paper memorandum; • Participating in discussions with potential investors, insurers and credit rating agencies, if requested, and • Providing continuing advice, as requested, on the proper use and administration of bond proceeds under applicable laws and the indenture, particularly arbitrage tracking and rebate requirements. F. APPOINTMENT OF UNDERWRITERS The CFO, with the approval of the Budget and Implementation Committee and the Commissioners, may select a pool of qualified underwriters. The appointment will be based upon a competitive evaluation of objective criteria. The best -qualified firm will be appointed as the book -running senior manager for long-term debt. The best -qualified firm will be appointed as the dealer for commercial paper. Criteria to be used in the appointment o,qualified underwriters will include: • Demonstrated` ability to manage complex financial transactions, • Demonstrated ability to structure debt issues efficiently and effectively, • Demonstrated ability to sell debt to institutional and retail investors, • Demonstrated willingness to put capital at risk, • Quality and applicability: of financing ideas; • Experience and reputation of assigned personnel, and • Fees and expenses. The CFO will monitor > the performance of the members of the underwriting pooh and recommend changes as. appropriate. The underwriters selected to participate in RCTC's underwriting pool must follow certain rules for participation: Minimum Underwriter Qualifications 1. The firm must maintain minimum net capital of at least $500,000. 2 The firm, must hold and maintain all licenses and registrations required by applicable federal and state laws for businesses offering underwriting or investment banking services. All licenses and registrations must be, current and in good standing with each of the following: • the U.S. Securities and Exchange Commission (SEC), F:/USERS/FINANCE/FISCAL PROCEDURES/DEBT POLICIES.DOC - 12/2/05 175 • • • the National Association of Securities Dealers (NASD), and • the California Department of Corporations (CDC). G. PROFESSIONAL CONDUCT All of RCTC's debt financing participants shall maintain the highest standards of professional conduct at all times: 1. Municipal Securities Rulemaking Board (MSRB) Rules, including. Rule G-37, shall be followed at all times. 2. RCTC expects debt financing participants to assist RCTC's staff in achieving its goals and objectives as defined in this Comprehensive Debt Management Policy. 3. All debt financing participants shall make cooperation with RCTC's staff their highest priority. H. NEW ISSUANCE AND BOND PROCEEDS MINIMUM BALANCE RCTC has developed a Strategic Plan (Plan) which sets forth the transportation programs and services to be provided to the residents of the County. The Plan also contains cash flow analysis for the capital program with corresponding analysis projecting the available sources and uses of funds verifying RCTC's financial ability and commitment to deliver current and planned programs and services. The RCTC Plan is based on a set of assumptions developed through detailed data collection and analysis of historical data concerning revenues, economic forecasts and trend projections. The main sources of revkues include sales tax revenues, contributions from other agencies and federal operating assistance grants. The largest sales tax revenue source is the Measure A '/z cent sales and use tax. The revenue generated from Measure A is expended on the projects contained in the Measure -A Ordinance. RCTC's Measure A program is capital intensive. RCTC will issue its debt as needed in order to fund the Measure A program. RCTC must be able -at all times to pay contractors and vendors for Measure A work in progress. Therefore, the CFO will work with the Deputy Executive Director to forecast the Measure A program construction draw down requirements. Based upon Measure A program construction draw down requirements and the conclusions resulting from the Plan, the CFO shall attempt to keep.a reasonable amount of bond proceeds (approximately 4 months of Measure A program, construction draw down requirements) available for construction draw down purposes. The CFO may increase the size of the Measure A tax-exempt commercial paper program to maintain, liquidity in the Measure A program construction draw down account. I. MANAGING THE COMPETITIVE SALES PROCESS The CFO is responsible for implementing and managing RCTC's competitive bid debt sale process. If the CFO selects a competitive bid process for a sale of debt, the CFO will instruct RCTC's financial advisor to deliver a preliminary official statement and notice of sale to prospective underwriters and buyers that clearly states the location, time and requirements of the bid. After a successful competitive bid, the CFO will instruct RCTC's F:/USERS/FINANCE/FISCAL PROCEDURES/DEBT POLICIES.DOC - 12/2/05 176 financial advisor to workclosely with the winning underwriter(s) in order to prepare and deliver the final official statement at closing. J. MANAGING THE NEGOTIATED SALES PROCESS The CFO is responsible- for implementing and managing RCTC's negotiated debt sale process. Introduction A. RCTC expects its underwriters to participate' in a valuable and significant way with respect to the structuring and pricing of each debt issue, sales performance and various other aspects of the financing. B. Underwriters are expected to make themselves available to participate, when requested, in information and other meetings prior to the issuance of debt. C. Underwriters are expected to cooperate fully with the book -running senior manager in a way that provides the maximum benefit to RCTC. D. The book -running senior manager is responsible ` for developing a time and responsibility schedule that will allow for the timely and successful completion of the financing. The book -running senior manager is responsible for communicating RCTC's finance plan and timing to the other managing underwriters in the syndicate. Syndicate Management Process A. Liability 1. Prior to the day of pricing, the book -running senior manager must provide to the CFO a recommended liabilit\4ssignment for each underwriter in the underwriting syndicate. The CFO will review the recommended assignments and make any necessary adjustments. Upon approval by the CFO, the liability assignments of each underwriter must be incorporated into the Agreement Among Underwriters (AAU) by the book -running senior manager. 2. As a general rule, the liability assignments must not exceed the underwriting ability of the underwriters in the syndicate to whom they are assigned. B. AAU The AAU must include the liability assignments of each managing underwriter, the priority of orders for the purpose of allocation and the takedown designation policy. The book -running senior manager must provide a copy of the AAU to each managing underwriter in the syndicate. Each underwriter in the syndicate must review the terms and conditions set forth in the AAU and return a signed copy of the AAU to the book -running senior manager the day of the pricing. C. Underwriting Gross Spread Components; Fees and Expenses • The management fee, if any, will -be 'distributed to the managing underwriters based upon their relative contribution to the development and implementation of the financing plan. •' Proposed takedowns (i.e. sales commissions) for all maturities must be included as part of the proposed pricing terms delivered by the book -running senior manager to F:/USERS/FINANCE/FISCAL PROCEDURES/DEBT POLICIES.DOC - 12/2/05- 177 • • RCTC prior to the final pre -pricing discussions. All takedowns are subject to review and approval by the CFO. • The expense component of the underwriting gross spread must be submitted by the book -running senior manager to RCTC's CFO for approval prior to the day of pricing. The CFO reserves the right to review and approve all fees and expenses and to request their substantiation. An estimate of the expense component of the underwriting gross spread must be submitted by the book -running senior manager to the CFO no later than one week prior to the pricing. RCTC expects the book -running senior manager to keep expense items and costs of issuance to an absolute minimum. • In general, RCTC will not reimburse the book -running senior manager for clearance fees except for the Depository Trust Company rDTC" I charge on issues that are registered in book -entry form only. RCTC will not reimburse the book -running senior manager for MRSB, Public Securities Association and California Public Securities Association expenses_ • There will be no consideration of an underwriting risk component of the gross underwriting spread until after the order period closes. At that time, the CFO and the book -running senior manager will review the book of orders and discuss the need, if any, for including an underwriting risk component in the gross underwriter's spread for unsold bonds. There will be no negotiation of the underwriting risk component of the gross underwriter's spread after the CFO has given the verbal award to the book -running senior manager. D. Selling Groups The book -running senior manager will discuss with the CFO the advantages and/or disadvantages of using a selling group for the financing. If the CFO decides to use a selling group, the book -running senior managex will provide a list of recommended firms for RCTC's approval at least one week prior to the day of. pricing. E. Retention and Takedown Designation Policies • The book -running senior manager will discuss the use of retention with the CFO at least one week prior to the day of pricing. During this discussion, the book -running senior manager will provide to the CFO the proposed retention amounts by maturity for each underwriter in the syndicate. • If the use of retention is advised by the book -running senior manager and agreed upon by the CFO, the book -running senior manager will make retention amounts and maturities .available to the underwriters as soon as possible prior to the day of pricing. • Any change in the retention to the managing underwriters must be approved by the CFO prior to its release. • At least one week prior to the day of pricing, the book -running senior manager must provide the CFO a proposed priority of orders for the purpose of allocation and a proposed policy for the designation- of takedown on net designated orders. The policy must include a maximum percentage of takedown to be designated to any one firm, as well as a minimum number of firms to be designated on any one net designated order. It is anticipated that each underwriter in the syndicate will be allowed to place net designated orders on all RCTC debt sales. Upon approval by the CFO, the priority of orders and the designation policy must be communicated to the underwriters and included in the F:/USERS/FINANCE/FISCAL PROCEDURES/DEBT POLICIES.DOC - 12/2/05 178 preliminary pricing wire. Any changes to the designation policy must be approved by the CFO and communicated to all underwriters in the syndicate and selling group members; if any, and RCTC. F. Pricing Procedures • Prior to the pre -pricing meeting or conference call (one, business day prior to the day of the pricing) the book -running senior manager must deliver to the CFO the proposed pricing terms. This is to allow for the thorough evaluation of the proposed pricing terms by the CFO. The list of the proposed pricing terms must include principal amounts, coupons, yields, optional redemption prices, and takedowns per maturity. • One day prior to the day of the pricing, the book -running senior manager must initiate a pre -pricing meeting or conference call with the CFO to discuss the proposed pricing terms, order period, underwriting gross spread components, market conditions and other necessary pricing information. • A draft copy of the preliminary pricing wire must be provided to the CFO upon the completion of the pre -pricing meeting or conference call. Prior to its release, the preliminary pricing wire is subject to the approvalof the CFO. The preliminary pricing wire must include, among other things, all pricing terms agreed upon by the CFO and the book -running senior manager during the pre -pricing meeting or conference call. • On the morning of the day of the pricing land prior to the start of the order period), if the book -running senior manager believes that a change in any of the pricing terms approved at the pre -pricing meeting or on the pre -pricing conference call is required, the book -running senior manager must contact the CFO to review proposed changes and any suggested changes in light of the current market conditions. Any change in. the initial pricing terms must bed approved by the CFO and promptly communicated to the underwriters and syndicate and selling group members, if any. • The book -running senior manager must track the receipts of orders broken down by maturity, amount, type and firm. Status reports of the pricing, including total orders received for each maturity, amount, type and firm, may be requested by the CFO at any time during the order period. The Dalnet "Orders and Allotments by Maturity" report is an acceptable report for these purposes.- . • The book -running senior manager must receive. approval from the CFO before terminating any order period on any maturity before the previously determined close of the order period. • At the close of the order period, the book -running senior manager must provide in writing and in a format acceptable to the CFO, a listing of the total orders received for each maturity, amount, type and firm, through the end of the order period. At this time the book -running senior manager must also make a concerted effort to provide the CFO with the true interest cost of the issue. The book -running senior manager must initiate a meeting or conference call with the CFO to review the book of orders and negotiate any change in pricing terms, prior to the verbal award of the issue to the book -running senior manager as the representative of the underwriters in the syndicate and selling group members, if any. • The CFO may agree to a verbal award of the bonds and sign a bond purchase contract with the book -running senior manager as representative for the underwriters in the syndicate after consultation with and approval from the Commission. • A complete set of final computer analyses must be provided to the CFO before the CFO signs the bond purchase contract. The computer analyses must include, but . not necessarily be limited to, a table of sources and uses of funds, a summary of F./USERS/FINANCE/FISCAL PROCEDURES/DEBT POLICIES.DOC - 12/2/05 179 • assumptions and results (including significant dates, underwriting gross spread breakdown, ratings, true interest cost, etc.) and any additional tables that include coupons, yields, prices, takedowns, principal amounts and related debt service by maturity. • The book -running senior manager and underwriter's counsel is jointly, responsible for coordinating the execution of the bond purchase contract. • The CFO reserves the right to postpone the pricing if the above pricing procedures are not strictly followed. G. Allocation of Bonds The book -running senior manager will be responsible for ensuring that the overall allocation of bond meets RCTC goals of: (a) obtaining the best price for the issue and lb1 providing each underwriting firm involved with bond allocations that are commensurate with the work performed (i.e., the type and amount of orders submitted). The CFO reserves the right to monitor the order taking process and to review and approve bond allocations prior to their release. H. Post -Sale Support • In accordance with MSRB rules, sales credits designated by an institutional investor must be distributed within 30 days after the delivery of the bonds. • In accordance with MSRB rules, final settlement of the underwriting account and the distribution of any profit to members must be made within 60 days of delivery of the bonds. • The underwriting syndicate agrees to comply with any syndicate rules prohibiting the selling of bonds below the public offering price (less the full takedown) prior to the release of syndicate restrictions. In addition, each managing underwriter in the syndicate agrees to inform the*CFO of any non-compliance with such syndicate rules. • For seven business days following the release of syndicate restrictions, the managing underwriters in the syndicate agree to inform the CFO of any firm significantly lowering the price of the bonds in the secondary market below market levels. • The book -running senior manager must be prepared to provide the CFO on an ongoing basis for at least seven business days following the release of the syndicate restrictions secondary market price levels, unsold balances, and the level oftrading activity of the bonds. • RCTC expects the managing underwriters in the syndicate to provide liquidity in the secondary market for its bonds on an ongoing basis. I. Post -Sale Evaluation RCTC has -a policy of acknowledging good performance and building accountability into its relationships with its managing underwriters. RCTC will conduct post -sale evaluations of the underwriting account to ensure that its policies are adhered to and that sales performance is documented. • The book -running senior manager must provide the CFO with a final pricing book. The final pricing book must include, but not necessarily be limited to, the following information: the time and responsibility schedule; the working group distribution list; F:/USERS/FINANCE/FISCAL PROCEDURES/DEBT POLICIES.DOC - 12/2/05 180 a discussion of the market conditions leading up to and during the final pricing; the preliminary and final pricing wires; media coverage; rating agency credit reports; a full set of computer analyses; a table identifying takedown and designation dollars by firm; and a table identifying designations on net designated orders. The book - running senior manager's final pricing book must be provided to the CFO within 60 days of the day of the closing. • The financial advisor must also provide the CFO with its own final pricing report. The final pricing report must include, but not necessarily be limited to, the following information: a discussion of the market conditions leading up to and during the final pricing; a discussion on the sales process; a pricing comparison of similar credits in California and the national markets and the preliminary and final pricing wires. The financial advisor's final pricing report must be provided to the CFO within 30 days of the day of the pricing. • In addition to the book -running senior manager, each underwriter is, encouraged to provide the CFO with a confidential written analysis of the sale of the bonds. K. MANAGING THE SALE OF COMMERCIAL PAPER The CFO is responsible for implementing and managing RCTC's sale of commercial paper. The CFO shall work closely with RCTC's commercial paper dealer to develop a marketing strategy for the initial sale and subsequent frequent rollover of commercial paper amounts and maturities. The marketing strategy for the initial sale and subsequent frequent roll-over of commercial paper' amounts and maturities' shall take into account the short-term yield curve as well as RCTC's philosophy to have a significant number of diverse commercial paper investors. The CFO will require RCTC's commercial paper dealer to provide quarterly and annual reports detailing the commercial papa average cost, average maturity and a list of commercial paper investors. Subject to the approval of its liquidity and/or letter -of -credit provider, RCTC reserves the right to change the number of commercial paper dealers for the commercial paper program. L. REFUNDING OPPORTUNITIES An advance refunding involves refunding bonds in advance of the .bond's first optional redemption date. An advance refunding is an important debt management tool for RCTC. Advance refundings are commonly used to achieve interest cost savings, remove or change burdensome bond :covenants or to restructure future debt service payments. Advance refundings are limited by federal tax law and must be used judiciously. RCTC generally will only pursue an advance refunding if the threshold present value savings level (net of all issuance costs and any cash contribution to the refunding) -is'at least three percent of the par value of the refunded bonds. However, in certain circumstances, the CFO after consultation with and approval by the Commission, may agree that dower savings levels may be justified. RCTC's debt management practices anticipate the potential for advance refundings. When RCTC issues debt careful attention is given to pricing considerations that will affect future advance refunding flexibility such as: • Optional redemption provisions and R/USERS/FINANCE/FISCAL PROCEDURES/DEBT POLICIES.DOC - 12/2/05 181 • • Coupon characteristics. In addition, it is important to create a refunding defeasance escrow that will produce the greatest savings level. A defeasance escrow is efficient if the yield on the defeasance escrow is as close as possible (i.e., generally less than 100' of a basis point) to the arbitrage yield on the refunding bonds. The CFO will select the appropriate defeasance securities. M. FIXED RATE VERSUS VARIABLE RATE DEBT The CFO and the Commission recognize that variable rate securities are a useful debt management tool that traditionally have had lower interest rate costs than fixed rate debt. RCTC's current goal is to maintain a debt program which consists of approximately 20% to 25% of variable rate debt (which includes commercial paper) with the remaining 75% to 80% kept as fixed rate debt; however, variable rate debt that is the subject of an active floating to fixed rate interest rate swap is not considered to be floating rate debt for the purpose of computing RCTC's total proportion of variable rate debt. RCTC's book -running senior manager, commercial paper dealer and financial advisor shall advise the CFO if the rating agencies and/or institutional investors feel that 20% to 25% of RCTC's debt in the variable rate mode is too large a percentage. N. DERIVATIVES RCTC will continue to explore the use of derivative products as appropriate and in accordance with the Investment Policy, provided that the derivative products: • Hedge variable rate debt exposivre, • Lower interest rate costs, or • Minimize risks to RCTC. Derivative products for debt shall not be used for the purpose of interest rate speculation. The Commission has adopted a separate Swap Policy related to swap transactions that should be referred to for such transactions. The CFO has the sole responsibility for determining which prospective debt products for new issue debt are derivatives. Derivative products debt instruments may be incorporated into RCTC's debt program only after the CFO has informed the Chief Executive Officer, and the Commissioners of the purpose and the risks associated with the derivative product debt instruments including but not limited to: • Interest rate risk, • Counter -party credit risks, • Termination risks, and • Tax implications. If appropriate, the CFO; after -consultation and - approval by the Commissioners, may determine; a minimum level of savings, required before implementing a derivative product debt instrument. If the Commission authorizes the use of derivative products, the CFO will provide the Commissioners within twenty-four hours a memo detailing any activity related to the use of derivative products. F:/USERS/FINANCE/FISCAL PROCEDURES/DEBT POLICIES.DOC-. 12/2/05. 182 O. PRIMARY AND SECONDARY MARKET DISCLOSURE A trustee has been appointed for the benefit of the Measure A Sales Tax Revenue Bonds. The trustee shall perform all functions and duties required under the terms and conditions set forth in the respective indentures. For example, RCTC is required to distribute an Annual Report within 7 months of RCTC's June 30 fiscal year-end. to a recognized municipal securities information repository (NRMSIR) and the state repository. The Annual Report must include audited financial statements, an update (as of RCTC's June 30 fiscal year-end) for the table entitled "Sales Tax Receipts and Historical Debt Service Coverage Ratios" and an update of the table entitled "Debt Service for All Outstanding Bonds" in RCTC's Official Statement: In addition to the responsibilities required by the respective indentures, RCTC has a commitment to continuing to disclose, material information after the sale of its debt: The CFO is responsible . for implementing and managing RCTC's legal and professional commitment to continuing to disclose material information after the sale of its debt. In adherence to Securities and Exchange, Commission Rule 15c2-12(b)(5), the Commission's ; Continuing Disclosure Agreement with its trustee agrees to provide its Annual Report and notice of material events to the NRMSIR and state repository for dissemination to interested parties. Material events" are definedas: 1. Principal and interest payment delinquencies; 2. Non-payment related defaults; 3. Unscheduled draws' on the debt service reserve funds reflecting financial difficulties; 4. Unscheduled draws on credit enhancements reflecting financial difficulties; 5. Substitution of credit or ljquidity providers, or their failure to perform; and 6. ' Adverse tax opinions or events adversely affecting the tax-exempt status of any bonds or COPs; 7. Modifications to rights of Bondholders; 8. Optional, contingent or unscheduled bonds calls; 9: Defeasances; 10. Release, substitution or sale of property securing the payment of any bond or COPS. 11. Rating changes. P. RATING AGENCIES The CFO is responsible for implementing and managing RCTC's rating agencies relations program. The CFO recognizes the importance of immediate and timely disclosure of relevant financial and program information concerning each of RCTC's debt programs to the rating agencies: The CFO shall promptly respond to any inquiry from any rating agency analyst: In addition, the CFO and one or .more representatives of RCTC's Commissioners shall periodically meet with the rating agencies in order' discuss RCTC's recent financial results, financial projections, Board policy, specific RCTC programs such as Measure A, as well as the general economy in Riverside County and Southern California and other matters. Q. INVESTOR RELATIONS FJUSERS/FINANCE/FISCAL PROCEDURES/DEBT POLICIES.DOC - 12/2/05 183 The CFO is responsible for implementing and managing RCTC's investor relations program. The CFO shall make every attempt to promptly respond to any inquiry from an institutional or retail investor. In addition, the CFO shall periodically attempt to meet with key institutional investors in order to familiarize the institutional investors with RCTC's financial history and financial projections. The CFO shall periodically post investor disclosure information on RCTC's Web site. R. GLOSSARY Additional Bonds Test: A calculation based upon total pledged revenues divided by total proposed debt service. This is a protection to investors so that the issuer cannot issue additional parity bonds without providing ample security to the investors in the previous financing(s). Advance Refunding: A defeasance of outstanding debt prior to the date the bonds can be called by depositing cash and/or securities in escrow sufficient to pay all principal and interest plus the call premium, if any, when due. Upon an advance refunding and defeasance, all covenants and restrictions of the refunded bond indenture are extinguished. Agreement among Underwriters or AAU: The contract establishing the undervvriting syndicate formed to underwrite and purchase the bonds. The AAU will include provisions covering the liability of each syndicate member, a description of order types, pricing of the bonds and requirements respecting a public offering. The AAU may contain a variety of other matters relating to trade practice and applicable rules of the MSRB. Allocation: The post -sale distribution of bonds among the syndicate and selling group members, if any. Basis Point: Yields on bonds are usually quoted in increments of basis points. One basis point is equal to 1/100 of one (1) percent. For example, the difference between 7.00% and 7.50% is 50 basis points. Bond Purchase Agreement: The contract between the syndicate and the issuer setting forth the final terms, prices and conditions upon which the syndicate will purchase a new issue. Book -Running Senior Manager: The managing underwriter that controls the book of orders for the transaction and is primarily responsible for the successful execution of the transaction. Concession: In the new issue market, one of the two discount members receives from the syndicate. In the secondary market, a discount one dealer offers to another. Group Net Order: An order for bonds submitted by a syndicate member in which the takedown is distributed to syndicate members according to their respective liability shares in the issue. Liability: The principal amount of bonds to be underwritten by each member of the syndicate. F:/USERS/FINANCE/FISCAL PROCEDURES/DEBT POLICIES.DOC - 12/2/05 184 Member Order: An order for bonds placed by a member of the syndicate where the bonds would be confirmed to that member at syndicate terms. Municipal Securities Rulemaking Board (MSRB): An independent self -regulatory organization established by the Securities Acts Amendments of 1975, which is charged with primary rulemaking Commission over broker -dealers and brokers in municipal securities. National Association of Securities Dealers (NASD): A self-regulating and self -financed organization which acts as a buffer between the Securities and Exchange Commission (SEC) and broker -dealers. The NASD operates in municipal securities according to a special set of municipal bond rules written by the MSRB. Net Designated Order: An order for bonds submitted by a syndicate member in'`which all or a portion of the takedown is to be credited to firms designated by the purchaser of the bonds according to relative designated by the said purchaser. Priority Order: A retail or a net designated order. Retail Order: An order for bonds placed by an individual or, as determinedby the CFO, a retail order may also include an order placed by a bank trust department or an investment advisor for an individual Retention: An amount of bonds that will be guaranteed to be available for sale by each member of the syndicate. Rule 10b-5: A regulation of the SEC adopted pursuant to the Securities and Exchange Act of 1934, which makes it unlawful for anyperson to employ any device, scheme, or artifice to defraud, to make any untrue statem4nt of a material fact or to omit a 'material fact necessary to make statements made, in the light of the circumstances under which they were made, not misleading; or to engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person, in connection with the purchase or sale of any security. Securities and Exchange Commission (SEC) The federal -agency that oversees and regulates stock, bond and other financial market participants. Selling Group: A group of underwriters formed to aid in the distribution of the bonds in a bond financing. Selling group members do not assume any financial or legal liability in the financing. Syndicate: A group of underwriters formed to purchase and re -offer an issuer's bonds for sale to the public. Each syndicate member has a share in the liability of the issue. Syndicate Participation Percentages: A sales participation goal for each syndicate member determined by RCTC and its CFO for RCTC bond issues. Takedown: The total discount at which members of syndicates buy bonds from an account - composed of two parts: concession and takedown. True Interest Cost: The rate, compounded semi-annually, necessary to discount the amounts payable on the respective principal and interest payment dates to the purchase price received on the closing date of the bond issue. HUSERS/FINANCE/FISCAL PROCEDURES/DEBT POUCIES.DOC - 12/2/05 185 • Trust Indenture: A contract between an issuer and a trustee, for the benefit of investors. The trustee administers the funds specified in the indenture and implements the remedies provided in case of default. Underwriter's Gross Spread: In a negotiated sale, the difference between the price the underwriter pays the issuer and the original re -offering price to the public; includes the management fee, expenses, and sales commissions (takedown and concession). F:/USERS/FINANCE/FISCAL PROCEDURES/DEBT POLICIES.DOC - 12/2/05 186 • RESOLUTION NO. 06-014 RESOLUTION OF THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION REGARDING THE SWAP POLICY AND REVISED DEBT MANAGEMENT POLICY WHEREAS, the Riverside County Transportation Commission (the "Commission") currently retains the authority to add, delete or otherwise modify the Commission's policies and procedures. NOW, THEREFORE, the Riverside County Transportation Commission does hereby resolve as follows: Section 1. The Riverside County Transportation Commission hereby adopts the Swap Policy. Section 2. The Riverside County Transportation Commission hereby adopts the Debt Management Policy, as revised for (1) the main objectives in the sale of debt to include reference to the debt limitation for the 2609 Measure A, (2) Section M (Fixed Rate Versus Variable Rate Debt), and Section N (Derivatives) as a result of the adoption of a separate swap policy. APPROVED AND ADOPTED this 12' day of July, 2006. Marion Ashley, Chair Riverside County Transportation Commission I ATTEST: Jennifer Harmon Clerk of the Board 187 • (Local Currency -Single Jurisdiction) ISDA. International Swaps and Derivatives Association, Inc. MASTER AGREEMENT dated as of [ 1, 2006 and RIVERSIDE COUNTY TRANSPORTATION COMMISSION have entered and/or anticipate entering into one or more transactions (each a "Transaction") that are or will be governed by this Master Agreement, which includes the schedule (the "Schedule"), and the documents and other confirming evidence (each a "Confirmation") exchanged between the parties confirming those Transactions. j Accordingly, the parties agree as follows:- 1. Interpretation (a) Definitions.The terms defined in Section 12 and in the Schedule will have the meanings therein specified for the purpose of this Master Agreement. (b) Inconsistency. In the event of any inconsistency between the provisions of the Schedule and the other provisions of this Master Agreement, the Schedule will prevail. In the event of any inconsistency between the provisions of any Confirmation and this Master Agreement (including the Schedule), such Confirmation will prevail for the purpose of the relevant Transaction. (c) Single Agreement. All "Transactions are entered into in reliance on the fact that this Master Agreement and all Confirmations forma single agreement between the parties (collectively referred to as this "Agreement"), and the parties would not otherwise enter into any Transactions. 2. Obligations (a) General Conditions. (i) Each party will make each payment or delivery specified in each Confirmation to be made by it, subject to the other provisions of this Agreement. (ii) Payments under this Agreement will be made on the due date for value on that date in the place of the account specified in the relevant Confirmation or otherwise pursuant to this Agreement, in freely transferable fluids and in the manner customary for Copyright ® 1992 by International Swaps and Derivatives Association, Inc. 188 NH46739.8 payments in the required currency. Where settlement is by delivery (that is, other than by payment), such delivery will be made for receipt on the due date in the manner customary for the relevant obligation unless otherwise specified in the relevant Confirmation or elsewhere in this Agreement. (iii) Each obligation of each party under Section 2(a)(i) is subject to (1) the condition precedent that no Event of Default or Potential Event of Default with respect to the other party has occurred and is continuing, (2) the condition precedent that no Early Termination Date in respect of the relevant Transaction has occurred or been effectively designated and (3) each other applicable condition precedent specified in this Agreement. (b) Change of Account. Either party may change its account for receiving a payment or delivery by giving notice to the other party at least five Local Business Days prior to the scheduled date for the payment or delivery to which such change applies unless such other party gives timely notice of a reasonable objection to such change. (c) Netting. If on any date amounts would otherwise be payable: -- in the same currency; and (ii) in respect of the same Transaction, by each party to the other, then, on such date, each party's obligation to make payment of any such amount will be automatically satisfied and discharged and, if the aggregate amount that would otherwise have been payable by one part jt exceeds the aggregate amount that would otherwise have been payable by the other party, replaced by an obligation upon the party by whom the larger aggregate amount would have been payable to pay to the other party the excess, of the larger aggregate amount over the smaller aggregate amount. The parties may elect in respect of two or more Transactions that a net amount will be determined in respect of all amounts payable on the same date in the same currency in respect of such . Transactions, regardless of whether such amounts are payable in respect of the same Transaction. The election may be made in the Schedule or a Confirmation by specifying that subparagraph (ii) above will not apply to the Transactions identified as being subject to the election, together with the starting date (in which case subparagraph (ii) above will not, or will cease to, apply „to such Transactions from such date). This election may be made separately for different groups of Transactions and will apply separately to each pairing of branches or offices through which the parties make and receive payments or deliveries. (d) Default Interest; Other Amounts. Prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party that defaults in the performance of any payment obligation will, to the extent permitted by law and subject to Section 6(c), be required to pay interest (before as well as after judgment) on the overdue amount to the other party on demand in the same currency as such overdue amount, for the period from (and including) the original due date for payment to (but excluding) the date of actual payment, at the Default Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed. If, prior to the occurrence or effective designation of an Early Copyright ® 1992 by International Swaps and Derivatives Association, Inc. - NH96739-8 189 • Termination Date in respect of the relevant Transaction, a party defaults in the performance of any obligation required to be settled by delivery, it will compensate the other party on demand if and to the extent provided for in the relevant Confirmation or elsewhere in this Agreement. 3. Representations Each party represents to the other party (which representations will be deemed to be repeated by each party on each date on which a Transaction is entered into) that: — (a) Basic Representations. (i) Status. It is duly organized and validly existing under the laws of the jurisdiction of its organization or incorporation and, if relevant under such laws, in good standing; (ii) Powers. It has the power to execute this Agreement and any other documentation relating to this Agreement to which it is a party, to deliver thisAgreement and any other documentation relating to this Agreement that it is required by this Agreement to deliver and to perform its obligations under this Agreement and any obligations it has under any Credit Support Document to which it is a party and has taken all necessary action to authorize such execution, delivery and perfomiance; (iii) No Violation or Conflict. Such execution, delivery and performance do not violate or conflict with any law applicable to it, any provision of its constitutional documents, any order or judgmerk of any court or other agency of government applicable to it or any of its assets or any contractual restriction binding on or affecting it or any of its assets; (iv) Consents. All governmental and; other consents that are required to have been obtained by it with respect to this Agreement or any Credit Support Document to which it is a party have been obtained and are in full force and effect and all conditions of any such consents have been complied with; and (v) Obligations Binding. Its obligations under this Agreement and any Credit Support Document to which it is a party constitute its legal, valid and binding obligations, enforceable in accordance with their respective terms (subject to applicable bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors' rights generally and subject, as to enforceability, to equitable principles of general application (regardless of whether enforcement is sought in a proceeding in equity or at law)). (b) Absence of Certain Events. No Event of Default or Potential Event of Default or, to its knowledge, Termination Event with respect to it has occurred and is continuing and no such event or circumstance would occur as a result of its entering into or performing its obligations under this Agreement or any Credit Support Document to which it is a party. (c) Absence of Litigation. There is not pending or, to its knowledge, threatened against it or any of its Affiliates any action, suit or proceeding at law or in equity or before any court, tribunal, Copyright ® 1992 by International Swaps and Derivatives Association, Inc. 3 190 NH46739.8 governmental body, agency or official or any arbitrator that is likely to affect the legality, validity or enforceability against it of this Agreement or any Credit Support Document to which it is a party or its ability to perform its obligations under this Agreement or such Credit Support Document. (d) Accuracy of Specified Information. All applicable information that is furnished in writing by or on behalf of it to the other party and is identified for the purpose of this Section 3(d) in the Schedule is, as of the date of the information, true, accurate and complete in every material respect. 4. Agreements Each party agrees with the other that, so long as either party has or may have any obligation under this Agreement or under any Credit Support Document to which it is a party: — (a) Furnish Specified Information. It will deliver to the other party any forms, documents or certificates specified in the Schedule or any Confirmation by the date specified in the Schedule or such Confirmation or, if none is specified, as soon as reasonably practicable, (b) Maintain Authorizations. It will use all reasonable efforts to maintain in full force and effect all consents of any governmental or other Issuer that are required to be obtained by it with respect to this Agreement or any Credit Support Document to which it is a party and will use all reasonable efforts to obtain any that may become necessary in the future. (c) Comply with Laws. It will comply in all material respects with all applicable laws and orders to which it may be subject if failutk so to comply would materially impair its ability to perform its obligations under this Agreement or any Credit Support Document to which it is a Parh'• 5. Events of Default and Termination Events (a) Events of Default. The occurrence at any time with respect to a party or, if applicable, any Credit Support Provider of such party or any Specified Entity of such party of any of the following events constitutes an event of default (an "Event of Default") with respect to such party: (i) Failure to Pay or Deliver. Failure by the party to make, when due, any payment under this Agreement or delivery under Section 2(a)(i) or 2(d) required to be made by it if such failure is not remediedon or before the third Local Business Day after notice of such failure is given to the party; (ii) Breach of Agreement. Failure by the party to comply with or perform any agreement or obligation (other than an obligation to make any payment under this Agreement or delivery under Section 2(a)(i) or 2(d) or to give notice of a Termination Event) to be complied with or performed by the party in accordance with this Agreement if such failure is not remedied on or before the thirtieth day after notice of such failure is given to the party; (iii) Credit Support Default. Copyright ® 1992 by International Swaps and Derivatives Association; Inc. NH46739.8 4 191 (1) Failure by the party or any Credit Support Provider of such party to comply with or perform any agreement or obligation to be complied with or performed by it in accordance with any Credit Support Document if such failure is continuing after any applicable grace period has elapsed; (2) the expiration or termination of such Credit Support Document or the failing or ceasing of such Credit Support Document to be in full force and effect for the purpose of this Agreement (in either case other than in accordance with its terms) prior to the satisfaction of all obligations of such party under each Transaction to which such Credit Support Document relates without the written consent of the other party; or (3) the party or such Credit Support Provider disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, such Credit Support Document; (iv) Misrepresentation. A representation made or repeated or deemed to have been made or repeated- by the party or any Credit Support Provider of such party in this Agreement or any Credit Support Document proves to have been incorrect or misleading in any material respect when made or repeated or deemed to have been made or repeated; (v) Default under Specified Transaction, The party, any Credit Support Provider of such party, or any applicable Specified Entity of such party (1) defaults under a Specified Transaction and, after%giving effect to any applicable notice requirement or grace period, there occurs.a liquidation of, an acceleration of obligations under, or an early termination of, that Specified Transaction, (2) defaults, after giving effect to any applicable notice requirement or grace period, in making any payment or delivery due on the last payment, delivery or exchange date of, or any payment on early termination of, a Specified Transaction (or such default continues For at least three Local Business Days if there is no applicable notice requirement or grace period) or (3) disaffirms, disclaims, repudiates or rejects, in whole or in part, a Specified Transaction (or such action is taken by any person or entity appointed or empowered to operate it or act on its behalf); (vi) Cross Default. If "Cross Default" is specified in the Schedule as applying to the party, the occurrence or existence of (1) a default, event of default or other similar condition or event (however described) in respect of ,such party, any Credit Support Provider of such party or any applicable Specified Entity of such party under one or more agreements or instruments relating to Specified Indebtedness of any of them (individually or collectively) in an aggregate amount of not less than the applicable Threshold Amount (as specified in the Schedule) which has resulted in such Specified Indebtedness becoming, or becoming capable at such time of being declared, due and payable under such agreements or instruments, before it would otherwise have been due and payable or (2) a default by such party, such Credit Support, Provider or such Specified Entity (individually or collectively) in making one or more payments on the due date thereof in an aggregate amount of not less than the applicable Threshold Amount under such Copyright ® 1992 by International Swaps and Derivatives Association, Inc. NN46739.8 5 192 agreements or instruments (after giving effect to any applicable notice requirement or grace period); (vii) Bankruptcy. The party, any Credit Support. Provider of such party or any applicable Specified Entity of such party: (1) is dissolved (other than pursuant to a consolidation, amalgamation or merger); (2) becomes insolvent or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; (3) makes a general assignment, arrangement or compositionwith or for the benefit of its creditors; (4) institutes or has instituted against ' it a proceeding, seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors' rights, or a petition is presented for its winding -up or liquidation, and; in the case of any such proceeding or petition instituted or presented against it, such proceeding or petition (A) results in a judgment of insolvency or bankruptcy or the entry of an order for relief or the making of an order for its winding -up or liquidation or (B) is not dismissed, discharged, stayed or restrained' in each case within 30 days of the institution or presentation thereof; (5) has a "resolution passed for its winding -up, official management or liquidation' (other than pursuant to a consolidation, amalgamation or merger); (6) seeks or becomes subject to the appointment of an administrator, provisional liquidator, conservator, receiver,. trustee, custodian or other similar official for it or for all or substantially all its assets; (7) has a securedyarty take possession of all or substantially all its assets or has a distress, execulaon, attachment, sequestration or other legal process levied, enforced or sued on or against all or substantially all its assets and such secured party maintains possession, or any such process is not dismissed, discharged, stayed or restrained;' in each case within 30 days thereafter; (8) causes or is subject to any event with respect to it which, under the applicable laws of any jurisdiction, has an analogous ,effect to any of the events specified in clauses (1) to (7) (inclusive); or (9) takes any action in furtherance of, or indicating its consent to, approval of, or acquiescence in; any of the foregoing acts; or - (viii) Merger Without Assumption. The party or any Credit Support Provider of such party consolidates or amalgamates with; or merges with or into, or transfers all or substantially all its assets to, another entity and, at the time of such consolidation, amalgamation, merger or transfer:— (1) the resulting, surviving or transferee entity fails to : assume all the obligations of such party or such Credit Support Provider under this Agreement or any Credit Support Document to which it or its predecessor was aparty by operation of law or pursuant to an agreement reasonably satisfactory to the other party to this Agreement; or Copyright m 1992 by International Swaps and Derivatives Association, lnc. NH46739.8 F 193 • • (2) the benefits of any Credit Support Document fail to extend (without the consent of the other party) to the performance by such resulting, surviving or transferee entity of its, obligations under this Agreement. (b) Termination Events. The occurrence at any time with respect to a party or, if applicable, any Credit Support Provider of such party or any Specified Entity of such party of any event specified below constitutes an Illegality if the event is specified in (i) below, and, if specified to be applicable, a Credit Event Upon Merger if the event is specified pursuant to (ii) below or an Additional Termination Event if the event is specified pursuant to (iii) below:— (i) Illegality. Due to the adoption of, or any change in, any applicable law after the date on which a Transaction is entered into, or due to the promulgation of, or any change in, the interpretation by any court, tribunal or regulatory Issuer with competent jurisdiction of any applicable law after such date, it becomes unlawful (other than as a result of a breach by the party of Section 4(b)) for such party (which will be the Affected Party): (1) to perform any absolute or contingent obligation to make a payment or delivery or to receive a payment or delivery in respect of such Transaction or to comply with any other material provision of this Agreement relating to such Transaction; or (2) to perform, or for any Credit Support Provider of such party to perform, any contingent or other obligation which the party (or such Credit Support Provider) has under any‘Credit Support Document relating to such Transaction; (ii) Credit Event Upon Merger, If "Credit Event Upon Merger" is specified in the Schedule as applying to the party, such party ("X"), any Credit Support Provider of X or any applicable Specified Entity of X consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, another entity and such action does not constitute an event described in Section 5(a)(viii) but the creditworthiness of the resulting, surviving or transferee entity is materially weaker than that of X, such Credit Support Provider or such Specified Entity, as the case may be, immediately prior to such action (and, in such event, X or its successor or transferee, as appropriate, will be the Affected Party); or (iii) Additional Termination Event. If any "Additional Termination Event" is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event; the Affected Party or Affected Parties shall be as specified for such Additional Termination Event in the Schedule or such Confirmation). (c) Event of Default and Illegality. If an event or circumstance which would otherwise constitute or give rise to an Event of Default also constitutes an Illegality, it will be treated as an Illegality and will not constitute an Event of Default. 6. Early Termination Copyright ® 1992 by International Swaps and Derivatives Association, Inc. 7 194 NH46739.8 (a) Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party (the 'Defaulting Party") has occurred and is then continuing, the other party (the "Non -defaulting Party") may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, "Automatic Early Termination" is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent analogous thereto, (8), and as of the time immediately preceding the institution of the •relevant proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8) (b) Right to Terminate Following Termination Event. (i) Notice. If a Termination Event occurs, an Affected Party will, promptly upon becoming aware of it, notify the other party, specifying the nature of that Termination Event and each Affected Transaction and will also give such other information about that Termination Event as the other party may reasonably require: (ii) Two Affected Parties. If an Illegality under Section 5(b)(i)(1) occurs and there are two Affected Parties, each party will use all reasonable efforts to reach agreement within 30 days after notice thereof is given under Section 6(b)(i) on action to avoid that Termination Event. (iii) Right to Terminate. If:= (1) an agreement under Section 6(b)(ii) has not been effected with respect to all Affected Transactions within 30 days after an Affected Party gives notice under Section 6(b)(i); or (2) an Illegality other than that referred to in Section 6(b)(ii), a Credit Event Upon Merger or an Additional Termination Event occurs, either party in the case of an Illegality, any Affected Party in the case of an,Additional Termination Event if there is more than one Affected Party, or the party which is not the Affected Party in the case of a Credit Event Upon Merger,or an Additional Termination Event if there is only one Affected Party may, by not more than 20 days notice to the other party and provided that the relevant Termination Event is then continuing, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all Affected Transactions. (c) Effect of Designation. (i) If notice designating an Early Termination Date is given under Section 6(a) or (b), the Early Termination Date will occur on the date so designated, whether or not the relevant Event of Default or Ter aination Event is then continuing. Copyright ® 1992 by International Swaps and Derivatives Association, Inc. N1116739.8 R 195 i (ii) Upon the occurrence or effective designation of an Early Termination Date, no further payments or deliveries under Section 2(a)(i) or 2(d) in respect of the Terminated Transactions will be required to be made, but without prejudice to the other provisions of this Agreement. The amount, if any, payable in respect of an Fatly Termination Date shall be determined pursuant to Section 6(e)_ (d) Calculations. (i) Statement On or as soon as reasonably practicable following the occurrence of an Early Termination Date, each party will make the calculations on its part, if any, contemplated by Section 6(e) and will provide to the other parry a statement (1) showing, in reasonable detail, such calculations (including all relevant quotations and specifying any amount payable under Section 6(e)) and (2) giving details of the relevant account to which any amount payable to it is to be paid. In the absence of written confirmation from the source of a quotation obtained in determining a Market Quotation, the records of the party obtaining such quotation will be conclusive evidence of the existence and accuracy of such quotation. (ii) Payment Date. An amount calculated as being due in respect of any Early . Termination Date under Section 6(e) will be payable on the day that notice of the amount payable is effective (in the case of an Early Termination Date which is designated or occurs as a result of an Event of Default) and on the day which is two Local Business Days after the day on which notice of the amount payable is effective (in the case of an Early Termination Date which is+�designated as a result of a Termination Event). Such amount will be paid together with'(to the extent permitted under applicable law) interest thereon (before as well as after judgment), from (and including) the relevant Early Termination Date to (but excluding) the date such amount is. paid, at the Applicable Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed. (e) Payments on Early Termination. If an Early Termination Date occurs, the following provisions shall apply based on the parties' election in the Schedule of a payment measure, either "Market Quotation" or "Loss," and a payment method, either the "First Method" or the "Second Method." If the parties fail to designate a payment measure or payment method in the Schedule, it will be deemed that "Market Quotation" or the "Second Method," as the case may be, shall apply. The amount, if any, payable in respect of an Early Termination Date and determined pursuant to this Section will be subject to any Set-off. (i) Default: Events of Default If the Early Termination Date results from an Event of (1) First Method and Market Quotation. If the First Method and Market Quotation apply, the Defaulting Party will pay to the Non -defaulting Party the excess, ;if a positive number, of (A) the sum :of the Settlement Amount (determined by the Non -defaulting Party) in respect of the Terminated Copyrigjrt®1992 by International Swaps and Derivatives Association, Inc. 9 196 NH46739.8 Transactions and the Unpaid Amounts owing to the Non -defaulting Party over (B) the Unpaid Amounts owing to the Defaulting Party. (2) First Method and Loss. If the First Method and Loss apply, the Defaulting Party will pay to the Non -defaulting Party, if a positive number, the Non -defaulting Party's Loss in respect of this Agreement. (3) Second Method and Market Quotation. If the Second Method and Market Quotation apply, an amount will be payable equal to (A) the sum of the Settlement Amount (determined by the Non -defaulting Party) in respect of the Terminated Transactions and the Unpaid Amounts owing to the Non -defaulting Party less (B) the Unpaid Amounts owing to the DefaultingParty. If that amount is a positive number, the Defaulting Party will pay it to the Non - defaulting Party; if it is a negative number, the Non -defaulting Party will pay the absolute value of that amount to the Defaulting Party. (4) Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non -defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non -defaulting Party; if it is a negative number, the Non -defaulting Party will pay the absolute value of that amount to the Defaulting Party. (ii) Termination Events: If the Early Termination Date results from a Termination Event:— (1) One Affected Party: If there is one Affected Party, the amount payable will be determined in accordance with Section 6(e)(i)(3), if Market` Quotation applies, or Section 6(e)(i)(4), if Loss applies, except that, in either case, references to the Defaulting Party and to the Non -defaulting Party will be deemed to be references to the Affected Party and the party which is not the Affected Party, respectively, and, if Loss applies and fewer than all the Transactions are being terminated, Loss shall be calculated in respect of all Terminated Transactions. (2) Two Affected Parties. If there are two Affected Parties: (A) if Market Quotation applies, each party will determine a Settlement Amount in respect of the Terminated `Transactions, and an amount will be payable equal to (I) the sum of (a) one-half of the difference between the Settlement Amount of the party with the higher Settlement Amount ("X") and the Settlement Amount of the party with the lower Settlement Amount ("Y") and ,(b) the Unpaid Amounts owing to X less (II) the Unpaid Amounts owing to Y; and (B) if Loss applies, each party will determine its Loss in respect of this Agreement (or, if fewer than all the Transactions are being terminated, in respect of all Terminated Transactions) and an amount Copyright ® 1992 by International Swaps and Derivatives Association, Inc. to 197 N1146739.8' will be payable equal, to one-half of the difference between the Loss of the party with the higher Loss ("X") and the Loss of the party with the lower Loss ("Y"). If the amount payable is a positive number, Y will pay it to X; if it is a negative number, X will pay the absolute value of that amount to Y. (iii) Adjustment for Bankruptcy. In circumstances where an Early Termination Date occurs because "Automatic Early Termination" applies in respect of a party, the amount determined under this Section 6(e) will be subject to such adjustments as are appropriate and permitted by law to reflect any payments or deliveries made by one party to the other under this Agreement (and retained by such other party) during the period from the relevant Early Termination Date to the date for payment determined under Section 6(d)(ii). (iv) Pre -Estimate. The parties agree that if Market Quotation applies an amount recoverable under this Section 6(e) is a reasonable pre -estimate of loss, and not a penalty. Such amount is payable for the loss of bargain and the loss of protection against future risks and except as otherwise provided in this Agreement neither party will be entitled to recover any additional damages as a consequence of such losses. 7. Transfer Neither this Agreement nor any interest or obligation in or under this Agreement may be transferred (whether by way of security 3tir otherwise) by either party without the .prior written consent of the other party, except that: — (a) a party may make such a transfer of this Agreement pursuant to a consolidation or amalgamation with, or merger with or into, or transfer of all or substantially allits assets to, another entity (but without prejudice to any other right or remedy under this Agreement); and (b) a party may make such a transfer of all or any part of its interest in any amount payable to it from a Defaulting Party under Section 6(e). Any purported transfer that is not in compliance with this Section will be void. Miscellaneous (a) Entire Agreement. This Agreement constitutes the entire agreement and understanding of the parties with respect to its subject matter and supersedes all oral communication and prior writings with respect thereto. (b) Amendments. No amendment, modification or waiver in respect of this Agreement will be effective unless in writing (including_a writing evidenced. by a facsimile transmission) and executed by each of the parties or confirmed by an exchange of telexes or electronic messages on an electronic messaging system. Copyright ® 1992 by International Swaps and Derivatives Association, Inc. Na46739.8 11 198 (c) Survival of Obligations. Without prejudice to Sections 2(a)(iii) and 6(c)(ii), the obligations of the parties under this Agreement will survive the termination of any Transaction. (d) Remedies Cumulative. Except as provided in this Agreement, the rights, powers, remedies and privileges provided in this Agreement are cumulative and not exclusive of any rights, powers, remedies and privileges provided by law. (e) Counterparts and Confirmations. (i) This Agreement (and each amendment, modification and waiver in respect of it) may be executed and delivered in counterparts (including byfacsimile transmission), each of which will be deemed an original. (ii) The parties intend that they are legally bound by the terms of each Transaction from the moment they agree to those terms (whether orally or otherwise). A Confirmation shall be entered into as soon as practicable and may be executed and delivered in counterparts (including by facsimile transmission) or be created by an exchange of telexes or by an exchange of electronic messages on an electronic messaging system, which in each case will be sufficient for all purposes to evidence a binding supplement to this Agreement. The parties will specify therein or through another effective means that any such counterpart, telex or electronic message constitutes a Confirmation. (f) No Waiver of Rights. A failure or delay in exercising any right, power or privilege in respect of this Agreement will not be presumed to operate as a waiver, and a single or partial exercise of any right, power or privilege tvill not be presumed to preclude any subsequent or further exercise, of that right, power or privilege or the exercise of any other right, power or privilege. (g) Headings. The headings used in this Agreement are for convenience of reference only and are not to affect the construction of or to be taken into consideration in interpreting this Agreement. 9. Expenses A Defaulting Party will, on demand, indemnify and holdharmless the other party for and ,against all reasonable out-of-pocket expenses, including legal fees, incurred by such other party by reason of the enforcement and protection of its rights under this Agreement or any Credit Support Document to which the Defaulting Party is a party or by reason of the early termination of any Transaction, including, but not limited to, costs of collection. 10. Notices (a) Effectiveness. Any notice or other communication in respect of this Agreement may be given in any manner set forth below (except that a notice or other communication under Section 5 or 6 may not be given by facsimile' transmission or electronic messaging system) to the address or number or in accordance with the electronic messaging system details provided (see the Schedule) and will be deemed effective as indicated: Copyright ® 1992 by International Swaps and Derivatives Association, Inc. NH46739.8 12 199 • (i) if in writing and delivered in person or by courier, on the date it is delivered; if sent by telex, on the date the recipient's answerback is received; (iii) if sent by facsimile transmission, on the date that transmission is received by a responsible employee of the recipient in legible form (it being agreed that the burden of proving receipt will be on the sender and will not be met by a transmission report generated by the sender's facsimile machine); (iv) if sent by certified or registered mail (airmail; if overseas) or the equivalent (return receipt requested), on the date that mail is delivered or its delivery is attempted; or (v) if sent by electronic messaging system, on the date that electronic message is received, unless the date of that delivery (or attempted delivery ) or that receipt, as applicable, is not a Local Business Day or that communication is delivered (or attempted) or received, as applicable, after the close of business on a Local Business Day, in which case that communication shall be deemed given and effective on the first following day that is a Local Business Day. (b) Change of Addresses. Either party may by notice to the other change the address, telex or facsimile number or electronic messaging system details at which notices or other communications are to be given to it. 11. Governing Law and Jurisdiction - (a) Governing Law. This Agreement will be governed by and construed in accordance with the law specified in the Schedule. (b) Jurisdiction. With respect to any suit, action or proceedings relating to this Agreement ("Proceedings"), each party irrevocably: (i) submits to the jurisdiction of the English courts, if this Agreement is expressed to be governed by English law, or to the non-exclusive jurisdiction of the courts of the State of New York and the United States District Court located in the Borough of Manhattan in New York City, if this Agreement is expressed to be governed by the laws of the State of New York; and (ii) waives any objection which it may have at any time to the laying of venue of any Proceedings brought in any such court, waives any claim that such Proceedings have been brought in an inconvenient forum and further waives the right to object, with respect to such Proceedings, that such court does not have any jurisdiction over such party. Nothing in this Agreement precludes either party from bringing Proceedings in any; other jurisdiction (outside, if this Agreement is expressed to be governed by English law, the Contracting. States, as defined in Section 1(3) of the Civil Jurisdiction and Judgments Act 1982 or any Copyright 0.1992 by International Swaps and Derivatives Association, Inc. 11 200 NH46739.8 modification, extension or re-enactment thereof for the time being in force) nor will the bringing of Proceedings in any one or more jurisdictions preclude the bringing of "Proceedings in any other jurisdiction. (c) Waiver of Immunities Each party irrevocably waives, to the fullest extent permitted by applicable law, with respect to itself and its revenues and assets (irrespective of their use or intended use), all immunity on the grounds of sovereignty or other similar grounds from (i) suit, (ii) jurisdiction of any court, (iii) relief by way of injunction, order for specific performance or for recovery of property, (iv) attachment of its assets" (whether before or after judgment) and (v) execution or enforcement of any judgment to which it or its revenues or assets might otherwise be entitled in any Proceedings in the courts of any jurisdiction and irrevocably agrees, to the extent permitted by applicable law, that it will not claim any such immunity in any Proceedings. 12. Definitions As used in this Agreement: — "Additional Termination Event" has the meaning specified in Section 5(b). "Affected Party" has the meaning specified in Section 5(b). "Affected Transactions" means (a) with respect to any Tennination Event consisting of , an Illegality, all Transactions affected by the occurrence of such Termination Event and (b) with respect to any other Termination Event, all Transactions. "Affiliate" means, subject to the Schedule, in relation to any person, any entity controlled, directly or indirectly, by the person, any entity that controls, directly or indirectly, the person or any entity directly or indirectly under common control with the person: For this purpose, "control" of any entity or person means ownership of a majority of the voting power of the entity or person. "Applicable Rate" means: — (a) in respect of obligations payable or deliverable (or which would have been but for Section 2(a)(iii)) by a Defaulting Party, the Default Rate; (b) in respect of an obligation to pay an amount under Section 6(e) of either party from and after the date (detemuned in accordance with Section 6(d)(ii)) on which that amount is payable, the Default Rate; (e) in respect of all other obligations payable or deliverable (or which would have been but for Section 2(a)(iii)) by a Non -defaulting Party, the Non -default Rate; and (d) in all other cases, the Termination Rate. "consent" includes a consent, approval, action, authorization, exemption,notice, filing, registration or exchange control consent. Copyright ® 1992 by International Swaps and Derivatives Association, Inc. NH46739.8 td 201 • • "Credit Event Upon Merger" has the meaning specified in Section 5(b). "Credit Support Document" means any agreement or instrument that is specified as such in this Agreement. "Credit Support Provider" has the meaning specified in the Schedule. "Default Rate" means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the relevant payee (as certified by it) if it were to fund or of funding the relevant amount plus 1 % per annum. "Defaulting Party" has the meaning specified in Section 6(a)_ 'Early Termination Date" means the date determined in accordance with Section 6(a) or 6(b)(iii)_ "Event of Default" has the meaning specified in Section 5(a) and, if applicable, in the Schedule. "Illegality" has the meaning specified in Section 5(b). "law" includes any treaty, law, rule or regulation and "lawful' and "unlawful" will be construed accordingly. "Local Business Day "means, subject to the Schedule, a day on which commercial banks are open for business (including dealings in foreign exchange and foreign. currency deposits) (a) in relation to any obligation under Section 2(a)(i), in the place(s) specified in the relevant Confirmation or,, if not so specified, as otherwise agreed by the parties in writing or determined pursuant to provisions contained, or incorporated by reference, in this Agreement, (b) in relation to any other payment, in the place where the relevant account is located, (c) in relation to any notice or other communication, including notice contemplated under Section 5(a)(i), in the city specified in the address for notice provided by the recipient and, in the case of a notice contemplated by Section 2(b), in the place where the relevant new account is to be -located and (d) in relation to Section 5(a)(v)(2), in the relevant locations for performance with respect to such Specified Transaction. "Loss" means, with respect to this Agreement or one or more Terminated Transactions, as the case may be, and a party, an amount that party reasonably determines in good faith to be its total losses and costs (orgain, in which case expressed as a negative number) in connection with this Agreement or that Terminated Transaction or group of Terminated Transactions, as the case may be, including any loss of bargain, cost of :funding. or,at the, election of such party but without duplication, loss or cost incurred as a result of its terminating, liquidating, obtaining or reestablishing any hedge or related trading position (or any gain resulting from any of them). Loss includes losses and costs (or gains) in respect of any payment or delivery required to have been made (assuming satisfaction of each applicable condition precedent) on or before the relevant Early Termination Date and not made, except, so as to avoid duplication, if Section 6(e)(i)(1) or (3) or 6(e)(ii)(2)(A) applies.:_ Loss does not include a party's legal fees and out-of-pocket expenses referred to under Section 9. A party :will determine its Loss as of the relevant Early Termination Date, or, if that is not reasonably practicable, as of the earliest date thereafter as is reasonably Copyright ® 1992 by International Swaps and Derivatives Association, Inc. 15 202 NH46739,8 practicable. A party may (but need not) determine its Loss by reference to quotations of relevant rates or prices from one or more leading dealers in the relevant markets. "Market Quotation" means, with respect to one or more Terminated Transactions and a party making the determination, an amount determined on the basis of quotations from Reference Market -makers. Each quotation will be for an amount; if any, that would be paid to such party (expressed as a negative number) or by such party (expressed as a positive number) in consideration of an agreement between such party (taking into account any existing Credit Support Document with respect to the obligations of such party) and the quoting Reference Market -maker to enter into a transaction (the "Replacement Transaction") that would have the effect of preserving for such party the economic equivalent of any payment or delivery (whether the underlying obligation was absolute or contingent and assuming the satisfaction of each applicable condition precedent) by the parties under Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that date. For this purpose, Unpaid Amounts in respect of the Terminated Transaction or group of Terminated Transactions are to be excluded but, without limitation, any payment or delivery that would, but for the relevant Early Termination Date, have been required (assuming satisfaction of each applicable condition precedent) -after that Early Termination Date is to be included. The Replacement Transaction would be subject to such documentation as such party and the Reference Market -maker may, in good faith; agree: The party making the determination (or its agent) will request each Reference Market -maker to provide its quotation to the extent reasonably practicable as of the same day and time (without regard to different time zones) on or as soon as reasonably practicable after the relevant Early Termination Date. The day and time as of which those quotations are to be obtained will be selected in good faith by the party obliged to make a deteknination under Section 6(e), and, if each party is so obliged, after consultation with the other. If more than three quotations are provided, the Market Quotation will be the arithmetic mean of the quotations, without regard to the quotations having the highest and lowest values. If exactly three such quotations are provided, .the Market Quotation will be the quotation remaining after disregarding the highest and lowest 'quotations. For this purpose, if more than one quotation has the same highest value or lowest value, then one of such quotations shall be disregarded. If fewer than three quotations are provided, it, will be deemed that the Market Quotation in respect of such Terminated Transaction or group of Terminated Transactions cannot be determined. "Non -default Rate" means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the Non -defaulting Party (as certified by it) if it were to fund the relevant amount. "Non -defaulting Party" has the meaning specified in Section 6(a). "Potential Event of Default" means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default. "Reference Market-makers"'means four leading dealers in the relevant market selected by the party determining a Market Quotation in good faith (a) from among dealers of the highest credit standing whichsatisfy all the criteria that such party applies generally at the time in deciding whether to offer or to make an extension of credit and (b) to the extent practicable, from among such dealers having an office in the same city. Copyright CO 1992 by International Swaps and Derivatives Association, Inc. A4I46739.8 16 203 • • • "Scheduled Payment Date" means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction. "Set-off" means set-off, offset, combination of accounts, right of retention or withholding or similar right or requirement to which the payer of an amount under Section 6 is entitled or subject (whether arising under this Agreement, another contract, applicable law or otherwise) that is exercised by, or imposed on, such payer. "Settlement Amount" means, with respect to a party and any Early Termination Date, the sum of: — (a) the Market Quotations (whether positive or negative) for each Terminated - Transaction or group of Terminated Transactions for which a Market Quotation is determined; and (b) such party's Loss (whether positive or negative and without reference to any Unpaid Amounts) for each Terminated Transaction or group of Terminated Transactions for which a Market Quotation cannot be, determined or would not (in the reasonable belief of the party making the determination) produce a commercially reasonable result. "Specified Entity" has the meaning specified in the Schedule. "Specified Indebtedness" means, subject to the Schedule, any obligation (whether present or ' future, contingent or otherwise, as principal or surety or otherwise) in respect of borrowed money: "Specified Transaction" means, subject ' to the Schedule, (a) any transaction (including an agreement with respect thereto) now existing or hereafter entered into between one party to this Agreement (or any Credit Support Provider of such party or any applicable Specified Entity of such party) and the other party to this Agreement (or any Credit Support Provider of such other party or any applicable Specified Entity of such other party) which is a rate swap transaction, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross -currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of these transactions), (b) any combination of these transactions and (c) any other transaction identified as a Specified Transaction in this Agreement or the relevant confirmation. "Terminated Transactions" means with respect to any Early Termination Date (a) if resulting from a Termination Event, all Affected Transactions and (b) if resulting from an Event of Default, all Transactions (in either case) in effect immediately before the effectiveness of the notice designating that Early Termination Date (or, if "Automatic Early Termination" applies, immediately before that Early Termination Date). "Termination Event" means an Illegality or, if specified to be applicable, a Credit Event Upon Merger or an Additional Termination Event. Copyright ® 1992.by International Swaps and Derivatives Association, Inc. 17. 204 NH46739.8 "Termination Rate" means a rate per annum equal to the arithmetic mean of the cost (without . proof or evidence of any actual cost) to each party (as certified by such party) if it were to fund or of funding such amounts. "Unpaid Amounts owing to any party means, with respect to an Farly Teiulination Date, the aggregate of (a) in respect of all Terminated Transactions, the amounts that became payable (or that would have become payable but for Section 2(a)(iii)) to such party under Section 2(a)(i) on or prior to such Early Termination Date and which remain unpaid as at such Early Termination Date and (b) in respect of each Terminated Transaction, for each obligation under Section 2(a)(i) which was (or would have been but for Section 2(a)(iii)) required to be settled by delivery to such party on or prior to such Early Termination Date and which has not been so settled as at such Early Termination Date, an amount equal to the fair market value of that which was (or would have been) required to be delivered as of the originally scheduled date for delivery, in each case together - with (to the extent permitted under applicable law) interest, in the currency of such amounts, from (and including) the date such amounts or obligations were or would have been required to have been paid or performed to (but excluding) such Early Termination Date, at the Applicable Rate. Such amounts of interest will be calculated on the basis of daily compounding and the actual number of days elapsed. The fair market value of any obligation referred to in clause (b) above shall be reasonably determined by the party obliged to make' the determination under Section 6(e) or, if each party is so obliged, it shall be the average of the fair market values reasonably determined by both parties. Copyright ® 1992 by International Swaps and Derivatives Association, Inc. NH46739.8 IR 205 • • • IN WITNESS WHEREOF the parties have executed this document on the respective dates specified below with effect from the date specified on the fast page of this document. RIVERSIDE COUNTY TRANSPORTATION COMMISSION By: By: Name: Name: Title: Title: Date: r ), 2006 Date: f 1, 2006 CHI 3498515v.I Copyright ® 1992 by International Swaps and Derivatives Association, Inc. 206 NH46739.8 • (Local Currency —Single Jurisdiction) ISDA. International Swap Dealers Association, Inc. U.S. MUNICIPAL COUNTERPARTY SCHEDULE to the Master Agreement dated as of , 2006 Between [COUNTERPARTY] and RIVERSIDE COUNTY TRANSPORTATION COMMISSION ("Party A") ("Party B") Part 1. PART 1: Termination Provisions (a) "Specified Entity" means in relation to Party A for the purpose of: - Section 5(a)(v) (Default under Specied Transaction), none; Section 5(a)(vi) (Cross Default), none; Section 5(a)(vii) (Bankruptcy), none; and Section 5(b)(ii) (Credit Event Upon Merger), none; in relation to Party B for the purpose of: - Section 5(a)(v) (Default under Specified Transaction) none; Section 5(a)(vi) (Cross Default), none; Section 5(a)(vii) (Bankruptcy), none; and Section 5(b)(ii) (Credit Event Upon Merger), none. (b) "Specified Transaction" will 'have the meaning specified in Section 12. (c) The "Cross Default" provisions of Section 5(axvi) (as amended in Part 5(0) ` will apply to Party A and will apply to Party B. In connection therewith: U S_wE S T:260041317.1. 43124-2 BA4/BA4 207 With respect to Party A, "Specified Indebtedness" will have the meaning specified in Section 12, except that such term shall not include obligations in respect of deposits received in the ordinary course of a party's banking business. With respect to Party B, "Specified Indebtedness" will mean any indebtedness under the Covered Indenture. "Threshold Amount" means, with respect to Party A, an amount equal to two percent (2%) of the Shareholders' Equity of [COUNTERPARTY PARENT] and, with respect to Party B, $10,000,000. . "Shareholders' Equity" means, with respect to Party A, at any time, the sum (as shown in its most recent annual audited financial statements) of (i) its capital stock (including preferred stock) outstanding, taken at par value, (ii) its capital surplus and (iii) its retained earnings, minus (iv) treasury stock, each to be determined in accordance with generally accepted accounting - principles. (d) The "Credit Event Upon Merger" provisions of Section 5(b)(ii) will apply to Party A will apply to Party B. (e) The "Automatic Early Termination" provision of Section 6(a) will not apply to Party A will not apply to Party B. (fl Payments on Early Termination. Fors the purpose, of Section 6(e): (g) (i) (ii) Market Quotation will apply. The Second Method will apply. Additional Termination Event will apply. The following events shall constitute Additional Termination Events hereunder: (i) A Ratings Event occurs with respect to Party B, and Party B fails, within thirty (30) General Business Days of such Ratings Event, to assign this ;Agreement and all Transactions hereunder to a third party reasonably satisfactory to Party A. For purposes of this Termination Event, "Ratings Event" means that (i) the unenhanced ratings (without regard to any third party credit enhancement) on the senior lien bonds is lower than "Baa2" by Moody's Investor Services, Inc. or any successor thereto ("Moody's"), or "BBB" by Standard and Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc. or any successor thereto ("S&P"), or (ii) either such rating is. withdrawn (other than as a result of the final maturity of all of the senior lien bonds) or suspended. "General Business Days" means any day : on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in the City of New York. Party B shall be the sole Affected Party with respect to this Additional Termination Event: (ii) A Ratings Event occurs with respect to Party A, and Party A fails, within thirty (30) General Business Days of such Ratings Event, to assign this Agreement and all Transactions hereunder to a third party reasonably' satisfactory to Party B. For purposes US_WEST:260041317.1 43124-2 BA4BA4 2 208 • of this Termination Event, 'Ratings ,Event" means that (i) the unenhanced ratings (without regard to any third party credit enhancement) of its long-term certificates of deposit are lower than "Baal" by Moody's, or "BBB" by S&P, or (ii) either such rating is withdrawn or suspended. Party A shall be the sole Affected Party with respect to this Additional "Termination Event. (h) Events of Default. (i) Bankruptcy. Clause (6) of Section 5(a)(vii) of this Agreement is hereby amended to read in its entirety as follows: "(6)(A) seeks or becomes subject to the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official for it or for all or substantially all its assets or (B) in the case of a Government Entity, any Credit Support Provider of such Government Entity or any applicable Specified Entity of such Government Entity, (I) there shall be appointed or designated with respect to it, an entity such as an organization, board, commission, authority, agency or body to monitor, review, oversee, recommend or declare a financial emergency or similar state of financial distress with respect to it or (II) there shall be declared by it or by any legislative of regulatory body with competent jurisdiction over it, the existence of a state of financial emergency or similar state of financial distress in respect of it;". (ii) Merger Without Section 5(a)(viii) of this Agreement is hereby amended to read in its entirety as follows: "(viii) Merger Without Assumption. The party or any Credit Support Provider of such party consolidates or arpalgamates with, or merges with or into, or transfers all or substantially all its aYssets to, another entity (or, without limiting the foregoing, if such party is a Government Entity, an entity such as an organization, board, commission, authority, agency or body succeeds to the principal functions of, or powers and duties granted to, such party or any Credit Support Provider of such party) and, at the time of such consolidation, amalgamation, merger, transfer or succession: (1) the resulting, surviving, transferee or successor entity fails to assume all the obligations of such party or such Credit Support Provider under this Agreement or any Credit Support Document to which it or its predecessor was a party by operation of law or pursuant to an agreement reasonably satisfactory to the other party to this Agreement; or (2) the benefits of any Credit Support Document fail to extend (without the consent of the other party) to the performance by such resulting, surviving, transferee or successor entity of its obligations under this Agreement." (i) Termination Events. Section 5(b)(ii) of this Agreement is hereby amended to read in its entirety as follows: Credit Event Upon Merger, If "Credit Event Upon Merger" is specified in the Schedule as applying to the party, such party ("X"), any Credit Support Provider of X or any applicable Specified Entity of X consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, another entity (or, without limiting the foregoing, if X is a US_WEST:260041317.1 43124-2 BA443A4 3 209 Government Entity, an entity such as an organization, board, commission, authority, agency or body succeeds to the principal functions of, or powers and duties granted to, X, any Credit Support Provider of X or any Specified. Entity of X) and such action does not constitute an event described in Section 5(a)(viii) but the creditworthiness of the resulting, surviving, transferee or successor entity is materially weaker than that of X, such Credit Support Provider or such Specified Entity, as the case may be, immediately prior to such action (and, in such event, X or its successor or transferee, as appropriate, will be the sole Affected Party); provided, however, that the term "materially weaker" as used therein shall mean, (i) with respect to Party A, if the outstanding unsecured unsubordinated debt, long-term deposits or certificates of deposit of Party A cease to be rated at least Baa2 by Moody's, BBB by S&P, or BBB by Fitch and (ii) with respect to Party B, if the senior lien bonds of Party B ceases to be rated at least Baa2 by Moody's, BBB by S&P, or BBB by Fitch; or". PART 2: Agreement to Deliver Documents For the purpose of Section 4(a) of this Agreement, each party agrees to deliver the following documents: - Party required to deliver document Form/Doeument/Certifrcate Date by which to be delivered Covered by Section 3(d) Representation Party B Party A Party A US_WEST260041317.1 43124-2 BA4BA4 Audited financial statements of Party 13 containing audited, consolidated financial statements certified by independent certified public accountants and prepared in accordance with .,generally accepted accounting principles in the country in which such party ,is organized Annual Report of [COUNTERPARTY PARENT] containing audited, consolidated financial statements certified by independent certified public accountants and prepared in accordance with generally accepted accounting principles in the; country in which such party is organized Credit Support Document(s) 4 210 As soon as available Yes and in any event within 180 days after the end of each fiscal year of Party B To be made available Yes orliWEBSITE] as soon as available and in any event within 120 days after the end of each fiscal year of Party A Upon execution and delivery of this Agreement Party required to deliver document Form/Document/Certificate Date by which to be delivered Covered by Section 3(d) Representation Party B Party A Party A and Party B Party A and Party B Party B Opinion of Counsel satisfactory to Party A substantially in the form of Exhibit I hereto Opinion of Counsel satisfactory to Party B substantially in the form of Exhibit II hereto Certified copies of all corporate authorizations and any other documents with respect to the execution, delivery and performance of this Agreement and any Credit Support Document, as applicable Certificate of incumbency and/or specimen signatures of individuals executing this Agreemet and any Credit Support Document Executed copy of the Covered Indenture Upon execution and delivery of this Agreement and each Transaction confirmed hereunder Upon execution and delivery of this Agreement and each Transaction confirmed hereunder Upon execution and delivery of this Agreement Upon execution and delivery of this Agreement and thereafter upon request of the other partY Upon execution and delivery of this Agreement PART 3: Miscellaneous (a) Address for Notices. For the purpose of Section 10(a) of this Agreement - Address for notice or communications to Party A: [COUNTERPARTY] Attention: Telephone No.: Facsimile No.: US_WEST:26004I317.1 43124-2 BA4BA4 5 211 Yes Yes Yes (e) with a copy to: [COUNTERPARTY] Attention: Facsimile No.: Address for financial statements to Party A: [COUNTERPARTY] Attention: Address for notice or communications to Party B: Riverside County Transportation Commission 4080 Lemon Street, 3rd Floor Riverside, California 92502 Attention: Chief Financial Officer Telephone: (951) 787-7926 Fax: (951)787-7141 (b) Calculation Agent. The Calculation Agent is Party A, provided, that if an Event of Default with respect to Party A as the Defaulting Party has occurred and is continuing, the Calculation Agent shall be a Reference Market -maker selected by Party B. (c) Credit Support Document. Details of any Credit Support Document Each of the following, as amended, supplemented, modified, renewed, replaced, consolidated, substituted or extended from time to time, is a "Credit Support Document': In relation to Party B, the Covered Indenture. In relation to Party A, the ISDA Credit Support Annex in the form annexed hereto and made a part hereof. (d) Credit Support Provider. Credit Support Provider means in relation to Party A: Not applicable. Credit Support Provider means in relation to Party B: Not applicable. Governing Law. This Agreement will be governed by, and construed in accordance with, the laws of the State of New York without reference to its conflict of laws doctrine. Notwithstanding the foregoing, the parties agree that matters relating to the powers, authority and capacity of Party B to enter into the Agreement or any Transaction shall be governed by and construed in accordance with the laws of the State of California. (f) Netting of Payments. Subparagraph (ii) of Section 2(c) shall not apply to. any Transactions; provided, however, if the parties otherwise so agree, then subparagraph (ii) of Section 2(c) shall apply. US_WEST:260041317.1 43124-2 BA4BA4 6 212 • i (g) "Affiliate" will have the meaning specified in Section 12 of this Agreement. (h) "Bonds" or "Notes" means any bonds of Party B issued pursuant to the Covered Indenture. (i) "Covered Indenture" means the Indenture, dated as of March 1, 2005, between the Riverside County Transportation Commission and U.S. Bank Trust National Association, as trustee, as amended and supplemented following the date hereof in accordance with the terms hereof and thereof. (I) (m) "Covered Indenture Incorporation Date" means the date hereof. "Government Entity" means Party B. PART 4: Municipal Counterparts, Provisions (a) Obligations. Section 2(a)(iii) of this Agreement is hereby amended to read in its entirety as follows: "(iii) Each obligation of each party under Section 2(a)(i) is subject to (1) the condition precedent that no Event of Default, Potential Event of Default or Incipient Illegality with respect to the other party has occurred and is continuing, (2) the condition precedent that no Early Termination Date in respect of the relevant Transaction has occurred or been effectively designated and (3) each other applicable condition precedent specified in this Agreement." (b) Representations. (i) The introductory clause of Section 3 of this Agreement is hereby amended to read in its entirety as follows: "Each party represents to the other party (which representations will be deemed to be repeated by each party on each date on which a Transaction is entered into and, in the case of the representations in Section 3(a) and 3(e), at all times until the termination of this Agreement) that:". (ii) Section 3(a)(ii) of this Agreement is hereby amended to read in its entirety as follows: "(ii) Powers. It has the power to execute this Agreement and any other documentation relating to this Agreement to which it is a party, to deliver this Agreement and any other documentation relatingto this Agreement that it is required by this Agreement to deliver and to perform its obligations under this Agreement and any obligations it has under any Credit Support Document to which it is a party and has taken all necessary action and made all necessary determinations and findings to authorize such execution, delivery and performance;" (iii) Section 3(b) of this Agreement is hereby amended to read in its entirety as follows: US_WEST:260041317.1 43124-2 BA4BA4 7 213 (c) "(b) Absence of Certain Events. No Event of Default or Potential Event of Default or, to its knowledge, Incipient Illegality (in the case of a Government Entity) or Termination Event with respect to it has occurred and is continuing and no such event or circumstance would occur as a result of its entering into or performing its obligations under this Agreement or any Credit Support Document . to which it is a party." (iv) Section 3 of this Agreement is hereby amended by adding the following subsection "(e)" thereto, which subsection shall only apply to the Government Entity: "(e) Non -Speculation. This Agreement has been, and each Transaction hereunder will be (and, if applicable, has been), entered into for purposes of managing its borrowings and not for purposes of speculation." (v) Section 3 of this Agreement is hereby amended by adding the following subsection "(f)" thereto: "(f) Party B is subject to the filing of claims, service of process and to suit for damages in connection with its obligations under this Agreement and each Transaction under this Agreement pursuant to and in accordance with the laws of the State of California (the "State") applicable to Party B, including but not limited to Part 3 of Division 3.6 of Title 1 of the Government Code of the State and Section 240201 of the Public Utilities Code of the State. Party B is a "local public entity" as defined in Section 900.4 of the Government Code of the State. Agreements. (i) The introductory clause of Secti4 of this Agreement is hereby amended to read in its entirety as follows: "Each party agrees with the other (or, in the case of Section 4(d) and (e), the Government Entity agrees with the other party) that, so long as either party has or may have any obligation under this Agreement or under any Credit Support Document to which it is a Party:" (ii) Section 4 of this Agreement is hereby amended by adding the following subsections "(d)" and "(e)" thereto: "(d) Compliance with Covered Indenture. The Government Entity will observe, perform and fulfill each provision in the Covered Indenture which materially affects Party A applicable to such Govenunent Entity in effect on the Covered Indenture Incorporation Date, as any of those provisions may be amended; supplemented or modified for purposes of this Agreement with the prior written 'consent of the other party hereto (the "Incorporated Provisions"), with the effect that such other party hereto will have the benefit of each of the Incorporated Provisions (including without Iimitation, covenants, right to consent to certain actions subject to consent under the Covered Indenture and delivery of financial statements and other notices and information): In the event the Covered Indenture ceases to be in effect prior to the termination of this Agreement, the Incorporated Provisions, (other than those provisions requiring payments in `respect of bonds, notes, warrants or other similar instruments issued under the Covered Indenture) will remain in full force and effect for purposes of this Agreement as though set forth herein until such date on which ;all of the US_WEST260041317.1 43124-2 BA4/13A4 g 214 obligations of the Government Entity under this Agreement and any obligations of the Government Entity or any Credit Support Provider of the Government Entity under a Credit Support Document have been fully satisfied. The Incorporated Provisions are hereby incorporated by reference and made a part of this Agreement to the same extent as if such provisions were set forth herein. For purposes of this Agreement, the Incorporated Provisions shall be construed as though (i) all references therein to any party making loans, extensions of credit or fmancial accommodations thereunder or commitments therefor (the "Financings") were to the other party hereto and (ii) to the extent that such Incorporated: Provisions are conditioned on or relate to the existence of such Financings or the Government Entity having any obligations in connection therewith, all references to such Financings or obligations were to the obligations of the Government Entity under this Agreement. Any amendment, supplement, modification or waiver of any of the Incorporated Provisions which would materially and adversely affect the rights or obligations of Party A without the prior written consent of the other party hereto shall have no force and effect with respect to this Agreement. Any such amendment, supplement or modification for which such consent is obtained shall be part of the Incorporated Provisions for purposes of this Agreement. (e) Notice of Incipient Illegality. If an Incipient Illegality occurs, the Government Entity will, promptly upon becoming aware of it, notify the other party, specifying the nature of that Incipient Illegality and will also give such other information about that Incipient Illegality as the other party may reasonably require." (d) Jurisdiction. Section I1(b) of this Agreement is hereby amended to read in its entirety as follows: "(b) Jurisdiction. With respect to any suit, action or proceedings relating to this Agreement ('Proceedings'), each party irrevocably: i (i) submits, to the fullest extent permitted by applicable law, to the non- exclusive jurisdiction of each of the courts of the State of New York, the United States District Court located in the Borough of Manhattan in New York City, the courts of the State of California and the United States District Court, Southern District of California; and (ii) waives, to the fullest extent permitted by applicable law, (1) any objection which it may have at any time to the laying of venue of any Proceedings brought in any such court, (2) any claim that such Proceedings have been brought in an inconvenient forum and (3) the right to object, with respect to such Proceedings, that such court does not have any jurisdiction over such party. (iii) agrees that neither" party shall bring Proceedings in any other jurisdiction.". (e) Definitions. Section 12 of this Agreement is hereby amended to add the following definitions in their appropriate alphabetical order. "'Covered Indenture' has the meaning specified in the Schedule." "'Covered Indenture Incorporation Date' has the meaning specified in the Schedule." US_WEST:260041317.1 43124-2 BA4BA4 9 215 "'Government Entity' has the meaning specified in the Schedule." 'Incipient Illegality' means the enactment intolaw by any legislative body with competent jurisdiction over the Government Entity of legislation which renders unlawful (i) the performance by such government entity of any absolute or contingent obligation to make a payment or delivery or to receive a payment or delivery in respect of a Transaction or the compliance by such Government, Entity with any other material provision of this Agreement relating to such Transaction or (ii) the performance by the Government Entity or a Credit Support Provider of such Government Entity of any contingent or other obligation which the government entity (or such Credit Support Provider) has under any Credit Support Document relating to such Transaction." (i) PART 5: Other Provisions (a) Delivery of Confirmations. For each Transaction entered into hereunder, Party A shall promptly send to Party B a Confirmation via facsimile transmission. Party B agrees to respond to such Confirmation within two (2) Local Business Days, either confirming agreement thereto or requesting, a correction of any error(s) contained therein. Failure ,by Party A to send a Confirmation or of Party B to respond within such period shall not affect the validity or enforceability of such Transaction. 'Absent manifest error, there shall be a presumption that the terms contained in such Confirmation are the terms of the Transaction.. (b) Bankruptcy. Section 5(a)(vii)(3) of this Agreement is hereby amended by the substitution of the following therefor. "(3) sends a notice convening meeting to propose a voluntary arrangement of creditors, or any class thereof; or makes a general assignment, arrangement or composition with or for the benefit of its creditors, or any class thereof;" (c) Notice by Facsimile Transmission. Section 10(a) is hereby amended by deleting the parenthetical "(except that a notice or other communication under Sections or 6 may not be given by facsimile transmission or electronic messaging system)". (d) Recording of Conversations. Each party to this Agreement acknowledges and agrees to the tape recording of conversations between trading and marketing personnel of ` the parties to this Agreement whether by one or other or both of the parties or their agents, and that any such tape recordings may be submitted in evidence in any proceedings relating to the Agreement. (e) Cross Default Section 5(aXvi) of this Agreement is hereby amended by the following: (i) with respect to any Specified Indebtedness that is not capable of being declared due and payable as a result of the occurrence or existence of default, event of default or other similar condition or event (however described) under the , agreement or instrument relating to such Specified Indebtedness, the words "which has resulted in such Specified Indebtedness becoming, or becoming capable at such time of being declared, due and payable under such agreements or instruments, before it would otherwise have been due and payable" shall be deleted from clause (1) of such Section 5(a)(vi), and the words "and the bondholders or trustee are permitted to exercise any remedies under the agreements and instruments" shall be added in its place. US_WEST:260041317.1 43124-2 BA4BA4 10 216 • (0 (g) (ii) adding the following after the semicolon at the end thereof: "provided, however, that notwithstanding the foregoing (but subject to any provision to the contrary contained in any such agreement or instrument), an Event of Default shall not occur under either (1) or (2) above if the default, event of default or other similar condition or event referred to in (1) or the failure to pay referred to in (2) is caused not (even in part) by the unavailability of funds but is caused solely due to a technical or administrative error which has been remedied within three Local Business Days after notice of such failure is given to the part5" Section 3(a) of this Agreement is amended by (i) deleting the word "and" at the end of clause (iv); (ii) deleting the period at the end of clause (v) and inserting therein'; and" ; and (iii) by inserting the following additional representation: "(vi) Eligible Contract Participant. Each party represents to the other party (which representation will be deemed to be repeated by each party on each date on which a Transaction is entered into) that it is an "eligible contract participant" as defined in Section la(12) of the U.S. Commodity Exchange Act, 7 U.S.C. Section la(12) " Additional Representations. Section 3 is revised so as to add the following subsection (g) at the end thereof: "(g) Relationship Between Parties. Each party will be deemed to represent to the other party on the date on which it enters into a Transaction that (absent a written agreement between the parties that expressly imposes affirmative obligations to the contrary for that Transaction): (i) Non -Reliance. It is acting for its own account, and it has made its own independent decisions to ent r into that Transaction and as to whether that Transaction is appropriate or proper for it'ased upon its own judgment and upon advice from such advisers as it has deemed necessary. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into that Transaction; it being understood that information and explanations related to the terms and conditions of a Transaction shall not be considered investment advice or a recommendation to enter into that Transaction. No communication (written or oral) received from the other party shall be deemed -to be an assurance or guarantee as to the expected results of that Transaction. (ii) Assessment and Understanding. It is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of that Transaction. It is also capable of assuming, and assumes, the risks of that Transaction. (iii) Status of Parties. The other party is not acting as a fiduciary for or an adviser to it in respect of that Transaction." (h) Agreement to Arbitrate. (i) General. In the event the waiver in Part 5(i) herein is not permitted by applicable law, any claim, counterclaim, demand, cause of action, dispute, and controversy arising out of or relating to this Agreement or the relationship established by this Agreement, any provision hereof, the alleged breach thereof, or in any way relating to the subject matter of this Agreement, involving the parties and/or their respective representatives (collectively the "Claims"), even though some or all of such Claims allegedly are extra -contractual in nature, whether such Claims sound in contract, tort, or otherwise, at law or in equity, under state or US_WGST:260041317.1 43124-2 BA4BA4 11 21' 7 federal law, whether provided by statute or the common law, for damages or any other relief, shall be resolved by binding arbitration. (ii) Conduct Of The Arbitration, And Authority Of The Arbitrators. Arbitration shall be govemed by the Federal Arbitration Act and conducted in accordance with the Commercial Arbitration Rules of the American Arbitration Association (the "AAA Rules"). The validity, construction, and interpretation of this agreement to arbitrate, and all procedural aspects of the arbitration conducted pursuant hereto shall be decided by the arbitrators. In deciding the substance of the parties' Claims, the arbitrators shall refer to the Governing Law. It is agreed that the arbitrators shall have no authority to award treble, exemplary or punitive damages of any type under any circumstances whether or not such damages may be available under state or federal Iaw, or under the Federal Arbitration Act, or under the AAA Rules, the parties hereby waiving their right, if any, to recover any such damages. (iii) Forum For The Arbitration And Selection Of Arbitrators. The arbitration proceeding shall be conducted in the State of California. Within thirty days of the notice of initiation of the arbitration procedure, each party shall select one arbitrator. Within thirty days of such appointment,. the two arbitrators shall select a third arbitrator. The third arbitrator shall be an attorney who has over eight years professional experience in over-the-counter derivative products and who has not previously been employed by either party and does not have a direct or indirect interest in either party or the subject matter of the arbitration. If the two arbitrators., are unable to agree upon a third arbitrator within the time designated above, then the third arbitrator shall be selected in accordance with R-11 of the AAA Rules, with the American Arbitration Association providing a list of names of individuals from the National Roster who satisfy the criteria set forth in the immediately preceding sentence, upon the expiration of the time designated above for such agreement. While the third arbitrator shall be neutral, the two party -appointed arbitrators are not required to be neutral, and it shall not grounds for removal of either of the two party -appointed arbitrators or for vacating the arbitrators' award that either of such arbitrators has past or present relationships with the party that appointed such arbitrator. (i) Waiver of Right to Trial by Jury. EACH PARTY HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHTS TO TRIAL BY JURY WITH RESPECT TO ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY. (j) USA PATRIOT Act Notice." Party A hereby notifies Party B that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the "Act"), it is required to obtain, verify and record information that identifies Party B, which information includes the name and address of Party B and other information that will allow Party A to identify Party B in accordance with the Act. (k) Additional Covenant of Party B. Party B hereby covenants that it shall not terminate any Transaction hereunder unless it has funds immediately available to pay when due any and all termination payments owed by it upon such termination. 0) Additional. Representations of Counte►party. Counterparty represents, covenants and warrants ' This provision is included as a means of compliance with the notice requirements contained in the regulations under the USA PATRIOT Act. US_WEST:260041317.1 I 43124-2 BA4l13A4 218 (m) that it has authorized the Notes in an aggregate principal amount not to exceed $200,000,000 and that it shall maintain outstanding Notes or Bonds in an aggregate principal amount not less than the notional amount of all outstanding parity swap transactions, including the Transactions. Security and Source of Payment of Party B's Obligations. As security for Party B's obligation to make regularly scheduled payments to Party A under this Agreement with respect to each Transaction hereunder (the "Parity Amounts"), Party B hereby pledges and grants a lien and charge upon Revenues on a parity with the lien thereon to secure the payment of principal and interest on the Notes and any Parity Debt (as that term is defined in the Covered Indenture), including any Advances or Bank Loans. Capitalized terms used in this Part S(m) and not otherwise defined in this Agreement shall have the meanings ascribed to them in the Covered Indenture. IN WITNESS WHEREOF, the parties have executed this Schedule by their duly authorized officers as of the date hereof. [COUNTERPARTY] RIVERSIDE COUNTY TRANSPORTATION COMMISSION By- By. Name: Name: Title: Title: US_WEST:260041317.1 43124-2 BA4BA4 13 219 EXHIBIT I [FORM OF OPINION OF INTERNAL COUNSEL TO PARTY B] ,200 [COUNTERPARTY] Re: Master Agreement and Confirmation between the Riverside County Transportation Commission and [COUNTERPARTY] Ladies and Gentlemen: I am counsel to the Riverside County Transportation Commission (the "Commission" or "Party B") in connection with the execution and delivery by Party B of (I) the ISDA Master Agreement, dated as of , 2006, between [COUNTERPARTY] ("Party A") and Party B, including the Schedule attached thereto (the "Master Agreement') and (2) a Confirmation under the Master Agreement, dated , 2006, relating to an interest rate swap Transaction (the Confirmation and the Master Agreement are collectively referred to herein as the "Agreement'). Capitalized terms used but not otherwise defined herein have the meanings assigned thereto in the Agreement. The Agreement has been entered into by Party B pursuant to Resolution No. adopted by the goveming board of the Commission on , 2006 (the "Resolution"), in connection with the issuance or carrying of the authorized aggregate principal amount of $200,000,000 Riverside County Transportation Commission Commercial Paper Notes (Limited Tax Bonds), Series A and Series B (the "Notes"). The Agreement was entered into by Party B in order to, and based on a determination by its governing body that the Agreement is designed to, reduce the amount or duration of payment, rate, spread or similar risk or result in an overall lower cost of borrowing when used in combination with the Notes, after due consideration for the creditworthiness of Party A. The Notes are payable from, and secured by, the collections received by the Commission from a one-half cent retail transactions and use tax (the "Sales Tax") imposed by the Commission pursuant to the Transportation Expenditure Plan and Retail Transaction and Use Tax Ordinance adopted on May 8, 2002 (the "Ordinance"). The Sales Tax was approved by more than two-thirds of the voters of the County of Riverside voting on the Sales Tax at a general election held on November 5, 2002. The Sales Tax is collected at the rate of zero percent (0%) until June 30, 2009, the date of expiration of a one-half cent. sales tax imposed by the Commission pursuant to the Transportation Expenditure Plan and Retail Transaction and Use Tax Ordinance (the "1988 Ordinance") adopted by the governing body of the Commission on July 6, 1988, which was approved by the voters at a general election held on November 8, 1988, and thereafter at the rate of one-half of one percent (1/2%) for a period not to exceed 30 years. Pursuant to the Ordinance, the Sales Tax revenues may be applied to implement the expenditure plan approved by the Ordinance (the "Expenditure Plan") and to pay debt service on bonds (such as the Notes) issued to finance capital expenditures identified in the Expenditure Plan. US_WEST:260041317_I 43124-2 BA4BA4 14 220 • In rendering this opinion, I have examined an executed original or copy of the Agreement, the Ordinance, the Resolution, and such records, documents, instruments, certificates of public officials, of Party B, and such questions of law as I have deemed necessary for the purpose of rendering the opinions set forth herein. In such examination, I have assumed the genuineness of all signatures and the authenticity of all items submitted to me as originals and the conformity to originals of all items submitted to me as certified copies and the authenticity of the originals of such copies. As to certain matters of fact relevant to. the opinions hereinafter expressed, I have relied upon certifications, statements, representations, and warranties of Party B, Party A and their respective representatives, including statements, representations and warranties contained in the Agreement, and I have assumed and have not independently verified that all such certifications, statements, representations and warranties are, true and accurate. I have assumed that Party A has the legal capacity, power and authority to execute, deliver and perform its obligations under the Agreement and that the Agreement constitutes the legal, valid and binding agreement of Party A and is enforceable against Party A in accordance with the terms thereof. Based upon the foregoing and having regard to such legal considerations as I have deemed relevant, I am of the opinion, subject to the qualifications expressed herein, that: 1. Party B is a public entity duly organized and validly existing under the law of the State of Califomia. 2. Party B has the power and authority to execute and deliver the Agreement and to perform its obligations thereunder and has taken all necessary action to authorize such execution and delivery and the performance of those obligations. 3. The execution and delivery by Party B of the Agreement and its performance of its obligations thereunder do not to any material extent violate or conflict with the Constitution of the State or any law, regulation, rule, decree, order or jlttdgment or any contractual restriction binding or affecting it or its property. 4. No approval, consent or authorization of any governmental or public agency or authority or any other institution not already obtained is required for the execution by Party B of, or performance of Party B's obligations under, the Agreement. 5. The Agreement has been duly authorized, executed and delivered by Party B and constitutes the legal, valid and binding obligation of Party B enforceable in accordance with the terms of the Agreement. 6. There is no action, suit, proceeding, inquiry or investigation, at law or in equity, before or by any court, govemment agency, public board or body, pending, or, to the best of my knowledge, threatened against Party B which (a) in any way questions the existence of Party B or the titles of the officers of Party B to their respective offices, (b) seeks to restrain or enjoin the execution or delivery or implementation of the Agreement or the application of payments by Party B thereunder, (c) in any way contests or affects the validity of the Agreement, (d) in any way contests the powers of Party B or the execution and delivery of the Agreement, or (e) may result in any material adverse change in the financial condition of Party B. The opinions expressed herein are subject to the following qualifications: A. The enforceability of the Agreement and each Bond Document to which it is a party and the rights and remedies thereunder are subject to and may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium, receivership, conservatorship or other similar laws from time to time in effect US_WEST:260041317.1 43124-2 BA4BA4 15 221 relating to or affecting generally the enforcement of creditors' rights, (ii) general principles of equity, including without limitation concepts of materiality, reasonableness, good faith and fair dealing (regardless of whether considered in a proceeding at law or in equity) and (iii) the limitations on remedies against public entities in the State of Califomia. B. The opinion expressed in paragraph 5 above is subject to the qualification that I express no opinion regarding the enforceability of Section 6(e) of the Agreement insofar as it purports to obligate a party, on termination of the Agreement, to pay an amount in excess of that measured by the lowest quotation from a Reference Market -maker. In addition, in connection with any such early termination on the grounds of default, a court might limit the non -defaulting parry's recovery to its actual damages in the circumstances; imposing its own settlement procedures in lieu of the provisions of Section 6(e) of the Agreement No opinion is expressed with respect to any indemnification, contribution, choice of law, choice of forum or waiver provision contained in the Agreement. C. I express no opinion with respect to the legal availability of Sales Tax revenues to pay a Settlement Amount payable by Party B upon the occurrence of an Early Termination Date or in the event Notes are not outstanding in the required amount. D. My opinion expressed above is limited to the laws of the State of Califomia and the federal laws of the United States of America. I call your attention to the fact that the Agreement is governed by New York law. I have not examined the question of what law would govern the interpretation or enforcement of the Agreement and my opinion above is based on the assumption, for purposes of this opinion, that the laws of the State of Califomia, where applicable, and the federal laws of the United States would govern the provisions of such Agreement and the transactions contemplated thereby. I have rendered the opinions expressed herein based on facts and circumstances existing, and applicable laws, rules, regulations, court decisions and regulatory authority determinations in effect, on the date hereof. I disclaim any obligation to update or supplement this opinion letter for events occurring or coming to my attention after the date hereof. I am furnishing this letter to the addressees solely for their benefit, and no other person is entitled to rely hereon. Without the prior written consent of the undersigned, this letter may not be used, circulated, quoted, or otherwise referred to for any other purpose not disclosed or delivered to, or relied upon by, anyone other than the addressees. US_WEST:260041317.1 43124-2 BA4BA4 16 222 Very truly yours, • • [DATE] [COUNTERPARTY] [ADDRESS] Ladies and Gentlemen: US_WEST:260041317.1 43124-2 BA4BA4 17 223 EXHIBIT H • • (Bilateral Form) (ISDA Agreements Subject to New York Law Only) ISDA. International Swaps and Derivatives Association, Inc.. CREDIT SUPPORT ANNEX to the Schedule to the Master Agreement dated as of , 2006 Between [Counterpart)] and Riverside County Transportation Commission ("Part' A„) ("Party B„) j This Annex supplements, forms part of, and is subject to, the above -referenced Agreement, is part of its Schedule and is a Credit Support Document under this Agrkment with respect to each party. Accordingly, the parties agree as follows: - Paragraph 1.- Interpretation (a) Definitions and Inconsistency. Capitalized terms not otherwise defined herein or elsewhere in this Agreement have the meanings specified pursuant to Paragraph 12, and'all references in this Annex to Paragraphs are to Paragraphs of this Annex. In the event of any inconsistency between this Annex and the other provisions of this Schedule, this Annex will .prevail, and in the event of any inconsistency between Paragraph 13 and the other provisions of this Annex, Paragraph 13 will prevail. (b) Secured Party and Pkdgor. All references in this Annex to the "Secured Party" will be to either party when acting in that capacity and all corresponding references to the "Pledgor" will be to the other party when acting in that capacity; provided, however, that if Other Posted Support is held by a party to this Annex, all references herein to that party as the Secured Party with respect to that Other Posted Support will be to that party as the beneficiary thereof and will not subject that support or that party as the beneficiary thereof to provisions of law generally relating to security interests and secured parties. Paragraph 2. Security Interest Each party, as the Pledgor, hereby pledges to the other party, as the Secured Party, as security for its Obligations, and grants to the Secured Party a fast priority continuing security interest in, lien on and right of Set-off against all Posted Collateral Transferred to or received by the Secured Party hereunder. Upon the Transfer by the Secured Party US_WEST:260042569.2 -43124-2 MAC/MAC 224 ISDA®1994 to the Pledgor of Posted Collateral, the security interest and lien granted hereunder on that Posted Collateral will be released immediately and, to the extent possible, without any further action by either party. Paragraph 3. Credit Support Obligations (a) Delivery Amount Subject to Paragraphs 4 and 5, upon a demand made by the Secured Party on or promptly following a Valuation Date, if the Delivery Amount for that Valuation Date equals or exceeds the Pledgor's Minimum Transfer Amount, then the Pledgor will Transfer to the Secured. Party Eligible Credit Support having a Value as of the date of Transfer at least .equal to the applicable Delivery Amount (rounded pursuant to. Paragraph 13). Unless otherwise specified in Paragraph 13, the "Delivery Amount" applicable to the Pledgor for any Valuation Date will equal the amount by which; (i) the Credit Support Amount exceeds (ii) the Value as of that Valuation Date of all Posted Credit Support held by the Secured Party. (b) Return Amount Subject to Paragraphs 4 and 5, upon a demand made by the Pledgor on or promptly following a Valuation Date, if the Return Amount for that Valuation Date equals or exceeds the Secured Party's Minimum Transfer Amount, then the Secured Party will Transfer to the Pledgor Posted Credit Support specified by the Pledgor in that demand having a Value as of the date of Transfer as close as practicable to the applicable Return Amount (rounded pursuant to Paragraph 13). Unless otherwise specified in Paragraph 13, the "Return Amount' applicable to the Secured Party for any Valuation Date will equal the amount by which: (i) the Value as of that Valuation Date of all Posted Credit Support held by the Secured Party exceeds (ii) the Credit Support Amount. "Credit Support Amount" means, unless otherwi specified in Paragraph 13, for any Valuation Date (i) the Secured Parry's Exposure for that Valuation Date plus (ii) the aggregate of all Independent Amounts applicable. to the Pledgor, if any, minus (iii) all Independent Amounts applicable to the Secured Party, if any, minus (iv) the Pledgor's Threshold; provided, however, that the Credit Support Amount will be deemed to be zero whenever the calculation of Credit Support Amount yields a number less than zero. Paragraph 4. Conditions Precedent, Transfer Timing, Calculaioms and Substitutions (a) Conditions Precedent Each Transfer obligation of the Pledgor under Paragraphs 3 and 5 and of the Secured Party under Paragraphs 3, 4(d)(ii), 5 and 6(d) is subject to the conditions precedent that: (i) no Event of Default, Potential Event of Default or Specified Condition has occurred and is continuing with respect to the other party; and (ii) no Early Termination Date for which any unsatisfied payment obligations exist has occurred or been designated as the result of an Event of Default or Specified Condition with respect to the other PartY- (b) Transfer Timing. Subject .to Paragraphs 4(a) and 5 and unless otherwise specified, if a demand for the Transfer of Eligible Credit Support or Posted Credit Support is made by the Notification Time, then the relevant Transfer will be made not later than the close of business on the next Local Business Day; if a demand is made after the Notification Time, then the relevant Transfer will be made not later than the close of business on the second LocalBusiness Day thereafter. (c) Calculations All calculations of Value and Exposure for purposes of Paragraphs 3 and 6(d) will be made by the Valuation Agent as of the Valuation Time. The Valuation Agent will notify each party (or the other party, if US_WEST:260042569.2 43124-2 MAC/MAC 2 ISDA®1994 225 • the Valuation Agent is a party) of its calculations not later than the Notification Time on the Local Business Day following the applicable Valuation Date (or in the case of Paragraph 6(d), following the date of calculation). (d) Substitutions. (i) Unless otherwise specified in Paragraph 13, upon notice to the Secured Party specifying the items of Posted Credit Support to be exchanged, the Pledgor may, on any Local Business Day, Transfer to the Secured Party substitute Eligible Credit Support (the "Substitute Credit Support"); and (ii) subject to Paragraph 4(a), the Secured Party will Transfer to the Pledgor the items of Posted Credit Support specified by the Pledgor in its notice not later than the Local Business Day following the date on which the Secured Party receives the Substitute Credit Support, unless otherwise specified in Paragraph 13 (the "Substitution Date"); provided that the Secured Party will only be obligated to Transfer Posted Credit Support with a Value as of the date of Transfer of that Posted Credit Support equal to the Value as of that date of the Substitute Credit Support. Paragraph 5. Dispute Resolution If a party (a "Disputing Party") disputes (I) the Valuation Agent's calculation of a Delivery Amount or a Return Amount or (II) the Value of any Transfer of Eligible Credit Support or Posted Credit Support, then (1) the Disputing Party will notify the other party and the Valuation Agent (if the Valuation Agent is not the other party) not later than the close of business on the Local Business Day following (X) the date that the demand is made under Paragraph 3 in the case of (I) above or (Y) the date of Transfer in the case of (II) above, (2) subject to Paragraph 4(a), the appropriate parry will Transfer the undisputed- amount to the other party not later than the close of business on the Local Business Day following (X) the date that the demand is made under Paragraph 3 in the case of (I) above or (Y) the date of Transfer in the case of (II) above, (3) the parties will consult with each other in an attempt to resolve the dispute and (4) if they fail to resolve the dispute by the Resolution Time, then: (i) In the case of a dispute involving a elivery Amount or Return Amount, unless otherwise, specified in Paragraph 13, the Valuation Agent will alculate the Exposure and the Value as of the Recalculation Date by: (A) utilizing any 'calculations of Exposure for the Transactions (or Swap Transactions) that the parties have agreed are not in dispute; (B) calculating the Exposure for the Transactions (or Swap Transactions) in dispute by seeking four actual quotations at mid -market from Reference Market -makers for purposes of calculating Market Quotation, and taking the arithmetic average of those obtained; provided that if four quotations are not available for a particular Transaction (or Swap Transaction), then fewer than four quotations may be used for that Transaction (or Swap Transaction); and if no quotations are available for a particular Transaction (or Swap Transaction), then the Valuation Agent's original calculations will be used for that Transaction (or Swap Transaction); and (C) utilizing the procedures specified in Paragraph 13 for calculating the Value, if disputed, of Posted Credit Support. (ii) In the case of a dispute involving the Value of any Transfer of Eligible Credit Support or Posted Credit Support, the Valuation Agent will recalculate the Value as of the date of Transfer pursuant to Paragraph 13. Following a recalculation pursuant to this Paragraph, the Valuation Agent will notify each party (or the other party, if the Valuation Agent is a party) not later than the Notification Time on the Local Business Day following the Resolution Time. The appropriate party will, upon demand following that notice by the Valuation Agent or a resolution pursuant to (3) above and subject to Paragraphs 4(a) and 4(b), make the appropriate Transfer. US WEST:260042569.2 43124-2 MAC/MAC 3 ISDA®1994 226 Paragraph 6. Holding and Using Posted Collateral (a) Care of Posted Collateral. Without limiting the Secured Party's rights under Paragraph 6(c), the Secured Party will exercise reasonable care to assure the safe custody of all Posted Collateral to the extent required by applicable law, and in any event, the Secured Party will be deemed to have exercised reasonable care if it exercises at least the same degree of care as it wouldexercise with respect to its own property. Except as specified in the preceding sentence, the Secured Party will have no duty with respect to Posted Collateral, including, without limitation, any duty to collect any Distributions, or enforce or preserve any rights pertaining thereto. (b) Eligibility to Hold Posted Collateral; Custodians. . (i) CeneraL Subject to the satisfaction of any conditions specified in Paragraph 13 for holding Posted Collateral, the Secured Party will be entitled to hold Posted Collateral or to appoint an agent (a "Custodian") to hold Posted' Collateral for the Secured Party: Upon notice by the Secured Party, to the Pledgor of the appointment of a Custodian, the Pledgor's obligations to make any Transfer will be discharged by making the Transfer to that Custodian. The holding of Posted Collateral by a Custodian will be deemed to be the holding of that Posted Collateral by the Secured Party for which the Custodian is acting. (ii) Failure to Satisfy Conditions. If the Secured Party or its Custodian fails to satisfy any conditions for holding Posted Collateral, then upon a demand made by the Pledgor, the Secured Party will, not later than five Local Business Days after the demand, Transfer or cause its Custodian to Transfer all Posted Collateral held by it to a Custodian that satisfies those conditions or to the Secured Party if it satisfies those conditions. (iii) Liability. The Secured Party will be liable for the acts or omissions of its Custodian to the same extent that the Secured Party would be liable hereunder for its own acts or omissions. (c) Use of Posted Collateral Unless otherwiv specified in Paragraph 13 and without limiting the rights and obligations of the parties under Paragraphs 3, 4(d)( ), 5, 6(d) and 8, if the Secured Party is not a Defaulting Party or an Affected Party with respect to a Specified Condition and no Early Termination Date has occurred or been designated as the result of an Event of Default or Specified Condition with respect to the Secured Party, then the Secured Party will, notwithstanding Section 9-207 of the New York Uniform Commercial Code, have the right to: (i) sell, pledge, rehypothecate, assign, invest, use, commingle or otherwise dispose of, or otherwise use in its business any Posted Collateral it holds, free from any claim or right of any nature whatsoever of the Pledgor, including any equity or right of redemption by the Pledgor; and, (ii) register any Posted Collateral in the name of the Secured Party, its Custodian or a nominee for either. For purposes of the obligation to Transfer Eligible Credit Support or Posted Credit Support pursuant to Paragraphs 3 and 5 and any rights or remedies authorized under this Agreement, the Secured Party will be deemed to continue to hold all Posted Collateral and to receive Distributions made thereon, regardless of whether the Secured Party has exercised any rights with respect to any Posted Collateral pursuant to (i) or (ii) above. (d) Distributions and Interest Amount. (i) Distributions Subject to Paragraph 4(a), if the Secured Party receives or is deemed to receive Distributions on a Local Business Day, it will Transfer to the Pledgor not later than the following Local Business Day any Distributions it receives or is deemed to receive to the extent that a Delivery Amount would not be created or increased by that Transfer, as calculated by the Valuation Agent (and the date of calculation will be deemed to be a Valuation Date for this purpose): US WEST:260042569.2 43124-2 MAC/MAC 227 ISDA® 1994 (ii) Interest Amount Unless otherwise specified in Paragraph 13 and subject to Paragraph 4(a), in lieu of any interest, dividends or other amounts paid or deemed to have been paid with respect to Posted Collateral in the form of Cash (all of which may be retained by the Secured Party), the Secured Party will Transfer to the Pledgor at the times specified in Paragraph 13 the Interest Amount to the extent that a Delivery Amount would not be created or increased by that Transfer, as calculated by the Valuation Agent (and the date of calculation will be deemed to be a Valuation Date for this purpose). The Interest Amount or portion thereof not Transferred pursuant to this Paragraph will constitute Posted Collateral in the form of Cash and will be subject to the security interest granted under Paragraph 2. Paragraph 7. Events of Default For purposes of Section 5(a)(iii)(1) of this Agreement, an Event of Default will exist with respect to a party if: (i) that party fails (or fails to cause its Custodian) to make, when due, any Transfer of Eligible Collateral, Posted Collateral or the Interest Amount, as applicable, required to be made by it and that failure continues for two Local Business Days after notice of that failure is given to that party; (ii) that party fails to comply with any restriction or prohibition specified in this Annex with respect to any of the rights specified in Paragraph 6(c) and that failure continues for five Local Business Days after notice of that failure is given to that party; or (iii) that party fails to comply with or perform any agreement or obligation other than those specified in Paragraphs 7(i) and 7(ii) and that failure continues for 30 days after notice of that failure is given to that patty. Paragraph 8. Certain Rights and Remedies (a) Secured Parry's Rights and Remedies. If at any time (1) an Event of Default or Specified Condition with respect to the Pledgor has occurred and is continuing or (2) an Early Termination Date has occurred or been designated as the result of an Event of Default okSpecified Condition with respect to the Pledgor, then, unless the Pledgor has paid in full all of its Obligations that are then due, the Secured Party may exercise one or more of the following rights and remedies: (i) all rights and remedies available to a secured party under applicable law with respect to Posted Collateral held by the Secured Party; (ii) any other rights and remedies available to the Secured Party under the terms of Other Posted Support, if any; (iii) the right to Set-off any amounts payable by the Pledgor with respect to any Obligations against any Posted Collateral or the Cash equivalent of any Posted Collateral held by the Secured Party (or any obligation of the Secured Parry to Transfer that Posted Collateral); and (iv) the right to liquidate any Posted Collateral held by the Secured Party through one or more public or . private sales or other dispositions with such notice, if any, as may be required underapplicable law, free from any claim or right of any nature whatsoever of the Pledgor, including any equity or right of redemption by the Pledgor (with the Secured Party having the right to purchase any or all of the Posted Collateral to be sold) and to apply the proceeds (or the Cash equivalent thereof) from the liquidation of the Posted Collateral to any amounts payable by the Pledgor with respect to any Obligations in that order as the Secured Patty may elect: Each party acknowledges and agrees that Posted Collateral in the form of securities may decline speedily in value and is of a type customarily sold on a recognized market, and, accordingly, the Pledgor is not entitled to prior notice of any sale of that Posted Collateral by the Secured Party, except any notice that is required under applicable law and cannot be waived. US_wEST:260042569.2 43124-2 MAC/MAC 228 ISDA®1994 (b) Pledgor's Rights and Remedies. If at any time an Early Termination Date has occurred or been designated as the result of an Event of Default or Specified Condition with respect to the Secured Party, then (except in the case of an Early Termination Date relating to less than all Transactions (or Swap Transactions) where the Secured Party has paid in full all of its obligations that are then due under Section 6(e) of this Agreement): (i) the Pledgor may exercise all rights and remedies available to a pledgor under applicable law with respect to Posted Collateral held by the Secured Party; (ii) the Pledgor may exercise any other rights and remedies available to the Pledgor under the terns of Other Posted Support, if any; (iii) the Secured Party will be obligated immediately to Transfer all Posted Collateral and the Interest Amount to the Pledgor; and (iv) to the extent that Posted Collateral or the Interest Amount is not so Transferred pursuant to (iii) above, the Pledgor may: (A) Set-off any amounts payable by the Pledgor with respect to any Obligations against any Posted Collateral or the Cash equivalent of any Posted Collateral held by the Secured Party (or any obligation of the Secured Party to Transfer that Posted Collateral); and (B) to the extent that the Pledgor does not Set-off under (iv)(A) above, withhold payment of any remaining amounts payable by the Pledgor with respect to any Obligations, up to the Value of any remaining Posted Collateral held by the Secured Party, until that Posted Collateral is Transferred to the Pledgor. (c) Deficiencies and Excess Proceeds. The Secured Party will Transfer to the Pledgor any proceeds and Posted Credit Support remaining after liquidation, Set-off and/or application under Paragraphs 8(a) and 8(b) after satisfaction in full of all amounts payable by the Pledgor with respect to any Obligations; the Pledgor in all events will remain liable for any amounts remaining unpaid after any liquidation, Set-off and/or application under . Paragraphs 8(a) and 8(b)_ (d) Final Returns. When no amounts are or thereafter may become payable by the Pledgor with respect to any Obligations (except for any potential liability under Section 2(d) of this Agreement), the Secured Party will Transfer to the Pledgor all Posted Credit Support and the Interest Amount, if any. Paragraph 9., Representations Each party represents to the other party (which representations will be deemed to be repeated as of each date on which it, as the Pledgor, Transfers Eligible Collateral) that: (i) it has the power to grant a security interest in and lien on any Eligible Collateral it Transfers as the Pledgor and has taken all necessary actions to authorize the granting of that security interest and lien; (ii) it is the sole owner of or otherwise has the right to Transfer all Eligible Collateral it Transfers to the Secured. Party hereunder, free and clear of any security interest, lien, encumbrance or other, restrictions other than the security interest and lien granted under Paragraph 2; (iii) upon the Transfer of any Eligible Collateral to the Secured Party under the terms of this Annex, the Secured Party will have a valid and perfected first priority security interest therein (assuming that any central clearing corporation or any third -party financial intermediary or other entity not within the control of the Pledgor involved in the Transfer of that Eligible Collateral gives the notices and takes the action required of it under applicable law for perfection of that interest); and (iv) the performance by it of its obligations under this Annex will not result in the creation of any security interest, lien or other encumbrance on any Posted Collateral other than the security interest and lien granted under Paragraph 2. US_WEST:260042569.2 43124-2 MAC/MAC 6 ISDA®1994 229 • Paragraph 10. Expenses (a) General. Except as otherwise provided in Paragraphs 10(b) and 10(c), each party will pay its own costs and expenses in connection with performing its obligations under this Annex and neither party will be liable for any costs and expenses incurred by the other party in connection herewith. (b) Posted Credit Support The Pledgor will promptly pay when due all taxes, assessments or charges of any nature that are imposed with respect to Posted Credit Support held by the Secured Party upon becoming aware of the same, regardless of whether any portion of that Posted Credit Support is subsequently disposed of under Paragraph 6(c), except for those taxes, assessments and charges that result from the exercise of the Secured Party's rights under Paragraph 6(c). (c) Liquidation/Application of Posted Credit Support All reasonable costs and expenses incurred by or on behalf of the Secured Party or the Pledgor in connection with the liquidation and/or application of any Posted Credit Support under Paragraph 8 will be payable, on demand and pursuant to the Expenses Section of this Agreement, by _ the Defaulting Party or, if there is no Defaulting Party, equally by the parties. Paragraph 11, Miscellaneous (a) Default Interest A Secured Party that fails to make, when due, any Transfer of Posted Collateral or the Interest Amount will be obligated to pay the Pledgor (to the extent permitted under applicable law) an amount equal to interest at the Default Rate multiplied by the Value of the items of property that were required to be Transferred, from (and including) the date that Posted Collateral or Interest Amount was required to be Transferred to (but excluding) the date of Transfer of that Posted Collateral or Interest Amount. This interest will be calculated on the basis of daily compounding and the actual number of days elapsed. (b) Further Assurances. Promptly following a demand made by a party, the other party will execute, deliver, file and record any financing statement, specific assignment or other document and take any other action that may be necessary or desirable and reasonably requested#by that party to create, preserve, perfect or validate any security interest or lien granted under Paragraph 2, to enabie that party to exercise or enforce its rights under this Annex with respect to Posted Credit Support or an Interest Amount or to effect or document a release of a security interest on Posted Collateral or an Interest Amount. (c) Further Protection. The Pledgor will promptly give notice to the Secured Party of, and defend against, any suit, action, proceeding or lien that involves Posted Credit Support Transferredby the Pledgor or that could adversely affect the security interest and lien granted by it under Paragraph 2, unless that suit, action, proceeding or lien results from the exercise of the Secured Party's rights under Paragraph 6(c). (d) Good Faith and Commercially Reasonable Manner. Performance of all obligations under this Annex, including, but not limited to, all calculations; valuations and determinations made by either party, will be made in good faith and in a commercially reasonable manner. (0 Demands and Notices. All demands and notices made by a party under this Annex will be made as specified in the Notices Section of this Agreement, except as otherwise provided in Paragraph 13. (f) Specifications of Certain Matters. Anything referred to in this Annex as being specified in Paragraph 13 also may be specified in one or more Confirmations or other documents and this Annex will be construed accordingly. US_WES1t260042569.2 43124-2 MAC/MAC 7 1SDA® 1994 230 Paragraph 12. Definitions As used in this Annex: - "Cash" means the lawful currency of the United States of America. "Credit Support Amount" has the meaning specified in Paragraph 3. "Custodian"has the meaning specified in Paragraphs 6(bx0 and 13. "Delivery Amount"has the meaning specified in Paragraph 3(a). "Disputing Parry"has the meaning specified in Paragraph 5. "Distributions" means with respect to Posted Collateral other than Cash, all principal, interest and other payments and distributions of cash or other property with respect thereto, regardless of whether the Secured Parry has disposed of that Posted Collateral under Paragraph 6(c). Distributions will not include any item of property acquired by the Secured Party upon any disposition or liquidation of Posted Collateral or, with respect to any Posted Collateral in the form of Cash, any distributions on that collateral, unless otherwise specified herein. "Eligible Collateral" means, with respect to a party, the items, if any, specified as such for that party in Paragraph 13. "Eligible Credit Support"means Eligible Collateral and Other Eligible Support. "Exposure"means for any Valuation Date or other date for which Exposure is calculated and subject to Paragraph 5 in the case of a dispute; the amount, if any, that would be payable to a party that is the Secured Party by the other party (expressed as a positive number) or, by a party that is the Secured Party to the other party (expressed as a negative number) pursuant to Section 6(e)(ii)(2)(" of this Agreement as if all Transactions (or Swap Transactions) were being terminated as of the relevant Valuatioime; provided that Market Quotation will be determined by the Valuation Agent using its estimates at mid -market of the amounts that would be paid for Replacement Transactions (as that term is defined in the definition of "Market Quotation"). "Independent Amount" means, with respect to a party, the amount specified as such for that party in Paragraph 13; if no amount is specified, zero. "Interest Amount" means, with respect to an Interest Period, the aggregate sum of the amounts of interest calculated for each day in that Interest Period on the principal amount of Posted Collateral in the form of Cash held by the Secured Party on that day, determined by the Secured Party for each such day as follows: (x) the amount of that Cash on that day; multiplied by (y) the Interest Rate in effect for that day; divided by (z) 360. "Interest Period" means the period from (and including) the last Local Business Day on which an Interest Amount was Transferred (or, if no Interest Amount has yet been Transferred, the Local Business Day on which Posted Collateral in the form of Cash was Transferred to or received by the Secured Party) to (but excluding) the Local Business Day on which the current Interest Amount is to be Transferred. "Interest Rate" means the rate specified in Paragraph 13. US_WEST:260042569.2 43124-2. MAClMAC 8 ISDA®1994 231 • "Local Business Day", unless otherwise specified in Paragraph 13, has the meaning specified in the Definitions Section of this Agreement, except that references to a payment in clause (b) thereof will be deemed to include a Transfer under this Annex. "Minimum Transfer Amount" means, with respect to a party, the amount specified as such for that party in Paragraph 13; if no amount is specified, zero. "Notification Time" has the meaning specified in Paragraph 13. "Obligations" means, with respect to a party, all present and future obligations of that party under this Agreement and any additional obligations specified for that party in Paragraph 13. "Other Eligible Support" means, with respect to a party, the items, if any, specified as such for that party in Paragraph 13. "Other Posted Support" means all Other Eligible SupportTransferredto the Secured Party that remains in effect for the benefit of that Secured Party. "Pledgor" means either party, when that party (i) receives a demand for or is required to Transfer Eligible Credit Support under Paragraph 3(a) or (ii) has Transferred Eligible Credit Support under Paragraph 3(a). "Posted Collateral" means all Eligible Collateral, other property, Distributions, and all proceeds thereof that have been Transferred to or received by the Secured Party under this Annex and not Transferred to the Pledgor pursuant to Paragraph 3(b), 4(dxii) or 6(d)(i) or released by the Secured Party under Paragraph 8. Any Interest Amount or portion thereof not Transferred pursuant to Paragraph 6(d)(ii) will constitute Posted Collateral in the form of Cash. "Posted Credit Support" means Posted Collateral and Other Posted Support. "Recalculation Date" means the Valuation Date that gives rise to the dispute under Paragraph 5; provided, however, that if a subsequent Valuation Date occurs unk!: Paragraph 3 prior to the resolution of the dispute, then the "Recalculation Date" means the most recent Valuation Date under Paragraph 3. "Resolution Time" has the meaning specified in Paragraph 13. `Return Amount" has the meaning specified in Paragraph 3(b). "Secured Party" means either party, when that party (i) makes a demand for or is entitled to receive Eligible Credit Support under Paragraph 3(a) or (ii) holds or is deemed to hold Posted Credit Support. "Specified Condition" means, with respect to a party, any event specified as such for that party in Paragraph 13. "Substitute Credit Support" has the meaning specified in Paragraph 4(d)(i). "Substitution Date"has the meaning specified in Paragraph 4(d)(ii). "Threshold" means, with respect to a party, the amount specified as such for that party in Paragraph 13; if no amount is specified, zero. "Transfer" means, with respect to any Eligible Credit Support, Posted Credit Support or Interest Amount, and in accordance with the instructions of the Secured Party, Pledgor or Custodian, as applicable: I (i) in the case of Cash, payment or delivery by wire transfer into one or more bank accounts specified by the recipient; (ii) in the case of certificated securities that cannot be paid or delivered by book -entry, payment or delivery in appropriate physical form to the recipient or its account accompanied by any duly executed instruments 9 ISDA®1994 US_ WEST:260042569.2 43124-2 MAC/MAC 232 of transfer, assignments in blank, transfer tax stamps and any other documents necessary to constitute a legally valid transfer to the recipient; (iii) in the case of securities that can be paid or delivered by book -entry, the giving of written instructions to the relevant depository institution or other entity specified by the recipient, together with a written copy thereof to the recipient, sufficient if complied with to result in a legally effective transfer of the relevant interest to the recipient; and (iv) in the case of Other Eligible Support or Other Posted Support, as specified in Paragraph 13. "Valuation Agent"has the meaning specified in Paragraph 13_ "Valuation Date" means each date specified in or otherwise determined pursuant to Paragraph 13. "Valuation Percentage" means, for any item of Eligible Collateral, the percentage specified in Paragraph 13. "Valuation Time"has the meaning specified in Paragraph 13. "Value" means for any Valuation Date or other date for which Value is calculated and subject to Paragraph 5 in the case of a dispute, with respect to: (i) Eligible Collateral or Posted Collateral that is: (A) Cash, the amount thereof; and (B) a security, the bid price obtained by the Valuation Agent multiplied by the applicable Valuation Percentage, if any; (ii) Posted Collateral that consists of items that are not specified as Eligible Collateral, zero; and (iii) Other Eligible Support and Other Post Support, as specified in Paragraph 13. US_WEST:260042569.2 43124-2 MAC/MAC 10 ISDA®1994 233 • CREDIT SUPPORT ANNEX to the Schedule to the Master Agreement dated as of , 2006 between [Counterparty] and Riverside County Transportation Commission ("Party A") ("Party B") ' Paragraph 13. Elections and Variables (a) Security Interest for "Obligations". The teen "Obligations" as used in this Annex j includes the following additional obligations: With respect to Party A: Not Applicable: With respect to Party B: Not Applicable. Credit Support Obligations. I (i) Delivery Amount, Return Amount and Credit Support Amount. (A) "Delivery Amount" has the meaning specified in Paragraph 3(a). (B) "Return Amount" has the meaning specified in Paragraph 3(b). (C) "Credit Support Amount" has the meaning specified in Paragraph 3, except that if an Independent Amount is specified for a party, the Credit Support Amount for such party shall never be less than the Independent Amount. (ii) Eligible Collateral. The following items will qualify as "Eligible Collateral' for the party specified: (A) Cash US_ WEST:260042434.1 43124-2 MAC/MAC 1 234 Party PartyB Valuation Percentage [X] [X] l00% (B) negotiable debt obligations [X] [X] 99% issued by the U.S. Treasury Department having a remaining maturity of not more than one year ("Treasury Bills' (C) negotiable debt obligations issued by the U.S. Treasury Department having a remaining maturity of more than one year but not more than 10 years ("Treasury Notes") [X] [X] 98% (D) negotiable debt obligations [X] [X] 98% issued by the U.S Treasury Department having a remaining original maturity of more than 10 years ("Treasury Bonds") (E) negotiable debt obligations [X] which are issued and/or guaranteed as to both principal and Interest by the Federal Home Loan Mortgage Corporation ("FHLMC ), the Federal National Mortgage Association ("FNMA"), or the Government National Mortgage Association ("GNMA"), including mortgage -backed securities and REMICs (collectively, "Agency Securities"), but excluding interest only securities, principal only securities and residual interests. [X] 95% (iii) Other Eligible Support. The following items will qualify as "Other Eligible Support" for the party specified: Any other type of collateral acceptable to the Secured Party in its sole discretion. (iv) Thresholds. (A) °Independent Amount" means with respect to Party A: None, unless otherwise specified in a Confirmation. US_WEST:260042434.1 43124-2 MAC/MAC 2 235 I (c) "Independent Amount" means with respect to Party B: None, unless otherwise specified in a Confirmation. (B) "Threshold" means with respect to Party A: See Table I attached hereto. (C) "Minimum Transfer Amount" means with respect to Party A and Party B: See Table I attached hereto. (D) Rounding. The Delivery Amount and Return Amount will be rounded up and down, respectively, to the nearest integral multiple of $10,000. Valuation and Timing. (i) "Valuation Agent" means, for purposes of Paragraphs 3 and 5, the party making the demand under Paragraph 3; for purposes of Paragraph 6(d), the Secured Party receiving or deemed to receive the Distributions or the Interest Amount, as applicable; and for purposes of Paragraph 4(d), the Secured Party for purposes of calculating the Value in connection with substitutions. (ii) "Valuation Date" means each New York Business Day. . (iii) "Valuation Time" means the close of business in the city of the Valuation Agent on the Local Business Day before the Valuation Date or date of calculation, as applicable; provided that the calculations of Value and Exposure will be Made as of approximately the same time on the same date. (iv) "Notification Time" means no later than 1:00 p.m., New York time, on a Local Business Day; provided, however, that the Valuation Agent will only give notice of its calculations to a party upon request by such party. (d) Conditions Precedent and Secured Party's Rights and Remedies. The following Termination Event(s) will be a "Specified Condition" for the party specified (that party being the Affected Party if the Termination Event occurs with respect to that party): With respect to Party A and Party B, Credit Event Upon Merger, Additional Termination Event and Illegality. (e) Substitution. (i) "Substitution Date" has the meaning specified in Paragraph 4(d)(6). (ii) Consent. The Pledgor is not required to obtain the Secured Party's consent for any substitutions pursuant to Paragraph 4(d). (f) Dispute Resolution. US_WEST:260042434.1 43124-2 MAC/MAC 3 236 (i) "Resolution Time" means l :00 p.m., New York time, on the Local Business Day following the date on which the notice is given that gives rise to a dispute under Paragraph 5. (ii) "Value". For the purpose of Paragraph 5(i)(C) and 5(ii), the Value of Posted Credit Support will be calculated as follows: (A) The Value of Cash will be the face amount thereof; multiplied by the applicable Valuation Percentage. (B) With respect to any Treasury Bills, Treasury Notes, Treasury Bonds, Agency Securities (referred to herein as "Securities"), the sum of (I) (x) the mean of the high bid and low asked prices quoted on such date by any principal market maker for such Securities chosen by the Disputing Party, or (y) if no quotations are available from a principal market maker on such date, the mean of such high bid and low asked prices as of the day, next preceding such date, on which such quotations were available, plus (II) the accrued interest oa such Securities (except to the extent Transferred to a party pursuant to any applicable provision of this Agreement or included in the applicable price referred to in (I) of this clause (B)) as of such date, multiplied by the applicable Valuation Percentage. (iii) "Alternative". The provisions of Paragraph 5 will apply. (g) Holding and Using Posted Collateral. (i) Eligibility to Hold Posted Collateral; Custodians. Party A and its Custodian will be entitled to hold Posted Collateral pursuant to Paragraph 6(b), provided that the following conditions applicable to it are satisfied: (A) Parry A is not a Defaulting Parry. (B) No Specified Condition has occurred and is continuing with respect to Party A. (C) Posted Collateral is held only in the United States! Initially, the Custodian for Party A is Goldman Sachs & Co. via an account held in The Bank of New York. Party B and its Custodian will be entitled to hold Posted Collateral pursuant to Paragraph 6(b), provided that the following conditions applicable to it are satisfied: (A) Party B is not a Defaulting Party. 1 The Counterparty must agree to hold Collateral only in the United States. US_WEST:260042434.1 43124-2 MAC/MAC 4 237 • (B) No Specified Condition has occurred and is continuing with respect to Party B. (C) Posted Collateral is held only in the United States. Initially, the Custodian for Party B is (ii) Use of Posted Collateral. The provisions of Paragraph 6(c) will apply to Party A and Party B. (h) Distributions and Interest Amount. (i) (i) (i) Interest Rate. The "Interest Rate" will be the Federal Funds (Effective) rate published in N.Y. Federal Reserve Statistical Release H.15(519) for that day. (ii) Transfer of Interest Amount. The Transfer of the Interest Amount will be made on the first Local Business Day of each calendar month (in respect of amounts accrued to the end of the previous calendar month) and on any Local Business Day when the cash collateral is returned in its entirety. (iii) Alternative to Interest Amount. Not Applicable. Other Eligible Support and Other Posted Support. (0 "Value" with respect to Other Eligible Support and Other Posted Support means: Not Applicable. (ii) "Transfer" with respect to Other Eligible Support and Other Posted Support means: Not Applicable. Demands and Notices. All demands, specifications and notices under this Annex will be made pursuant to the Notices Section of this Agreement, unless otherwise specified here: With respect to Party A: With respect to Party B: (k) Addresses for Transfers. US _ WEST:260042434.1 43124-2 MAC/MAC [Counterparty Address] Tel.: Fax: Attn: E-mail: 4080 Lemon Street Riverside, California 92502 Tel.: (951) 787-7926 Fax: (951) 787-7141 Attn: Chief Financial Officer 5 238. (1) Party A: To be specified by Party A in writing." Party B: To be specified by Party B in writing. Other Provisions: (i) Paragraph 7 Subparagraph (i) Events of Default is hereby amended by changing the words in the third line thereof "two Local Business- Days" to "one Local Business Day". (ii) Agreement as to Single Secured Party and Pledgor. Party A and Party B agree that, .notwithstanding anything to the contrary in the recital to ,this Annex, Paragraph 1(b) or Paragraph 2 or the definitions in Paragraph 12, (a) the term "Secured, Party" as used in this Annex means only Party B, (b) the term "Pledgor" as used in this Annex means only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgment in the final sentence of Paragraph 8(a) and the representations in Paragraph 9 and (d) only Party A will be required to make Transfers of Eligible Credit Support hereunder. US_WEST:260642434.1 43124-2 MAC/MAC 6 239 • IN WITNESS WHEREOF the parties have executed this Annex on the respective dates specified below with effect from the date specified on the first page of this document. [COUNTERPARTY] By: US_WEST:260042434.1 43124-2 MAC/MAC By: Name: Title: Date: RIVERSIDE COUNTY TRANSPORTATION COMMISSION By: Name: Title: Date: 240 • TABLE I: PARTY A THRESHOLDS "Threshold" means with respect to Party A, the amount determined on the basis of the lower of the Long Term Debt Ratings, in the Table set forth below; provided, however, that if (i) a party has no Long Term Debt Ratings or (ii) an Event of Default has occurred and is continuing with respect to such party, such parry's Threshold shall be zero. "Minimum Transfer Amount" means with respect to Party A and Party B, the amount determined on the basis of the lower of the Long Term Debt Ratings in the Table set forth below; i provided, however, that if an Event of Default has occurred and is continuing with respect to a party, the Minimum Transfer Amount with respect to such party shall be zero. S&P Moody's Threshold Minimum Transfer Amount. AAA Aaa Infinite $1,000,000 AA+to AA- Aa1 to Aa3 $40,000,000 $1,000,000 A+to A- Al toA3 $15,000,000 $100,000 BBB- or below Baa3 or below $0 $100,000 As used above: "Long Term Debt Ratings" means tli&rating assigned by either S&P or Moody's to the counterparty risk or financial program of Party A. NYLIBS 866602A US WEST:260042434.1 43124-2 MAC/MAC 241 Agreement No. 06-19-072-00 RIVERSIDE COUNTY TRANSPORTATION COMMISSION AGREEMENT. FOR SWAP ADVISORY SERVICES WITH FIELDMAN, ROLAPP FINANCIAL SERVICES, LLC 1. PARTIES AND DATE. This Agreement is made and entered into this day of 2006, by and between the RIVERSIDE COUNTY TRANSPORTATION COMMISSION ("the Commission") and Fieldman, Rolapp Financial Services, LLC ("Consultant"), a Corporation. 2. RECITALS. 2.1 Consultant' •desires to perform and assume responsibility for the provision of certain professional consulting services required by Commission on the terms and conditions set forth in this Agreement.Consultant represents that it is a professional consultant, experienced in providing swap advisory services to public clients, is licensed in the State of California, and is familiar with the plans of Commission. 2.2 Commission desires to engage Consultant to render certain consulting services for the Swap Advisory Services as set forth herein. 3. TERMS. 3.1 General Scope of Services. Consultant promises and agrees to furnish to Commission all labor materials, tools, equipment, services, and incidental and customary, work necessary to fully and adequately provide professional consulting services and advice on various issues affecting the decisions of Commission regarding the Project and on other programs and matters affecting Commission, hereinafter referred to as "Services." The Services are more particularly described in Exhibit "A" attached hereto and incorporated herein by reference. All Services shall be subject to, and performed in accordance with, this Agreement, the exhibits attached hereto and incorporated herein by reference, and all applicable local, state, and federal laws, rules and regulations. 3.2 Term. The term of this Agreement shall be from June 1, 2006 until the completion of the Services (expected to be October 1, 2006) unless terminated by either party by not less than fifteen (15) days written notice to the 242 • • other party. Consultant shall complete the Services within the term of this Agreement and shall meet any other established schedules and deadlines. If this Agreement has not been delivered to the Commission at least 48 hours prior to the entering into of any oral or written contract for swap advisory services, then the Commission shall have the right to terminate this Agreement without penalty within five (5) business days after entering into this Agreement. 3.3 Schedule of Services. Consultant shall perform the Services expeditiously, within the term of this Agreement, and in accordance with the Scope of Services set forth in Exhibit "A" attached hereto and incorporated herein by reference. Consultant represents that it has the professional and technical personnel required to perform the Services in conformance with such conditions. In order to facilitate Consultant's conformance with the Schedule, the Commission shall respond to Consultant's submittals in a timely manner. Upon request of the Commission, Consultant shall provide a more detailed schedule of anticipated performance to meet the Schedule of Services. 3.4 Independent Contractor; Control and Payment of Subordinates. The Services shall be performed by Consultant under its supervision. Consultant will determine the means, method, and details of performing the Services subject to the requirements of this Agreement. Commission retains Consultant on an independent contractor basis and Consultant is not an employee of Commission. Consultant retains the right to perform similar or different services for others during the term of this Agreement. Any additional personnel performing the Services und, this Agreement on behalf of Consultant shall not be employees of Commission . and shall at all times be under Consultant's exclusive direction and control. Consultant shall pay all wages, salaries, and other amounts due such personnel in connection with their performance of Services under this Agreement and as required by law. Consultant shall be responsible for all reports and obligations respecting such additional personnel, including, but riot limited to: social security taxes, income tax withholding, unemployment insurance, and workers' compensation insurance. . 3.5 Conformance to, Appficable_ Requirements. All work prepared by Consultant shall be subject to the approval of Commission. 3.6 Substitution of 'Key Personnel. Consultant has represented to Commission that certain key personnel will perform and coordinate the Services under this Agreement. Should one or more of such personnel become unavailable, Consultant may substitute other personnel of at least equal competence and experience upon written approval of Commission. In the event that Commission and Consultant cannot agree as to the substitution of key personnel, Commission shall be entitled to terminate this Agreement for cause, pursuant to provisions of Section 3.16 of this Agreement. The key personnel for performance of this Agreement are as follows: Mr. Daniel L. Wiles, Principal_ and General Counsel, and Mr. Robert Porr, Vice President. 243 3.7 Commission's Representative. Commission hereby designates the Executive Director, or his or her designee', to act as its representative for the performance of this Agreement ("Commission's Representative"). Commission's representative shall have the power to act on behalf of Commission for all purposes under this Agreement. Consultant shall not accept direction from any person other than Commission's Representative or his or her designee. 3.8 Consultant's Representative. Consultant hereby designatesMr. Daniel L. Wiles, or his designee, to act as its representative for the performance of this Agreement ("Consultant's Representative"). Consultant's Representative shall have full authority to represent and act on behalf of the Consultant for all purposes under this Agreement. The Consultant's Representative shall supervise and direct the Services, using his or her best skill and attention, and shall be responsible for all means, methods, techniques, sequences and procedures and for the satisfactory coordination of all portions of the Services under this Agreement. 3.9 Coordination of Services. Consultant agrees to work closely with Commission staff in the performance of Services and shall be available to Commission's staff, consultants, and other staff at all reasonable times. 3.10 Standard of Care; Licenses. Consultant shall perform the Services under this Agreement in a skillful and ompetent manner, consistent with the standard generally recognized as being employe by professionals in the same discipline in the State of California. Consultant represents and maintains that it is skilled in the professional calling necessary to perform the Services. Consultant warrants that all employees and subcontractors shall have sufficient skill and experience to perform the Services assigned to them. Finally, Consultant represents that it, its employees and subcontractors have all licenses, permits, qualifications and approvals of whatever nature that are legally required to perform the Services and that such licenses and approvalsshallbe maintained throughout the term of this Agreement. Consultant shall perform, at its own cost and expense and without reimbursement from Commission, any Services necessary to correct errors or omissions which are caused by the Consultant's failure to comply with the standard of care provided for herein, and shall be fully responsible to the Commission for all damages and other liabilities provided for in the indemnification provisions of this Agreement arising from the Consultant's errors and omissions. 3.11 Laws and Regulations. Consultant shall keep itself fully informed' of and in compliance with all local, state and federal laws, rules andregulationsin any manner' affecting the performance of the Project or the Services, including all Cal/OSHA requirements, and shall give all notices required by law. Consultant shall be liable for all violations of such laws and regulations in connection with Services. If the Consultant performs any work knowing it to be contrary to such laws, rules, and 'regulations and 244 • • • without giving written notice to Commission, Consultant shall be solely responsible for all costs arising therefrom. Consultant shall defend, indemnify and hold Commission, its officials, directors, officers, employees and agents free and harmless, pursuant to the indemnification provisions of this Agreement, from any claim or liability arising out of any failure or alleged failure to comply with such laws, rules or regulations. 3.12 Insurance. 3.12.1 Time for Compliance. Consultant shall not commence work under this Agreement until it has provided evidence satisfactory to the Commission that it has. secured all insurance required under this section. In addition, Consultant shall not allow. any subcontractor to commence work on any subcontract until it has secured all insurance required under this section. 3.12.2 Minimum Requirements. Consultant shall, at its expense, procure and maintain for the duration of the Agreement insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the Agreement by the Consultant, its agents, representatives, employees or subcontractors. Consultant shall also require all of its subcontractors to procure and maintain the same insurance for the duration of the Agreement. Such insurance shall meet at least the following minimum levels of coverage: (A) M' imum Scope of. Insurance. Coverage shall be at least as broad as the latest version o , the following: (1) General Liability' Insurance Services Office Commercial General Liability coverage (occurrence form CG 0001); (2) Automobile Liability: Insurance Services Office Business Auto Coverage form number CA 0001, code 1 (any auto); and (3) Workers' Compensation and Employer's Liability: Workers' Compensation insurance as required by the State of California and Employer's Liability Insurance. (B) Minimum Limits of Insurance. Consultant shall maintain limits. no less than (1) General Liability: $1,000,000 per occurrence for bodily injury, personal injury, and property damage. If Commercial General Liability Insurance or other, form with general aggregate limit is used, either the general aggregate limit shall apply separately, to this Agreement/location or the general aggregate limit shall be twice the required occurrence limit; (2) Automobile Liability: $1,000,000 per accident for bodily injury and property damage; and (3) if Consultant has employees, Workers' Compensation and Employer's Liability:. Workers' Compensation limits as required by the Labor Code of the State of California. Employer's Practices Liability limits of $1,000,000 per accident. 3.12.3 Professional Liability. Consultant shall procure and maintain, and require its sub -consultants to procure and maintain, for a period of five (5) years 245 following completion of the Project, errors and omissions liability insurance appropriate to their profession. Such insurance shall be in an amount not less than $1,000,000 per claim, and shall be endorsed to include contractual liability. 3.124 Insurance Endorsements. The insurance policies shallcontain the following provisions, or Consultant shall provide endorsements on forms approved by the Commission to add the following provisions to the insurance policies: (A) General Liability. The general liability policy shall be endorsed to state that: (1) the Commission, its directors, officials, officers, employees and agents shall be covered as additional insureds with respect to the Services or operations performed by or on behalf of the Consultant, including materials, parts or equipment furnished in connection with such work; and (2) the insurance coverage shall be primary insurance as respects the Commission, its directors, officials, officers, employees and agents, or if excess; shall stand in an unbroken chain of coverage excess of the Consultant's scheduled underlying coverage. Any insurance or self-insurance maintained by the Commission, its directors, officials, officers, employees, and agents shall be excess of the Consultant's insurance and shall not be called upon to contribute with it in anyway. (B) Automobile Liability. The automobile liability policy shall be endorsed to state that: (1) the Commission, its directors, officials, officers, employees and agents shall be covered as additional insureds with respect to the ownership, operation, maintenance, ve, loading or unloading of any auto owned, leased, hired or borrowed by the Consultant or for which the Consultant is responsible; and (2) the insurance coverage shall be primary insurance as respects the Commission, its directors, officials, officers, employees and agents, or if excess, shall stand in an unbroken chain of coverage excess of the Consultant's scheduled underlying -coverage. Any insurance or self-insurance maintained by the Commission, its directors, officials, officers, employees, and agents shall be excess of the Consultant's insurance and shall not be called upon.to contribute with it in any way. (C) Workers' Compensation and Employers Liability Coverage. The insurer shall agree to waive all rights of subrogation against the Commission,; its directors, officials, officers, employees and agents for losses paid under the terms of the insurance policy which arise from work performed by the Consultant. (D) All Coverages. Each insurance policy required by this Agreement shall be endorsed to state that: (A) coverage shall not be suspended, voided or canceled' except after thirty (30) days prior written notice by certified mail, retum receipt requested, has been given to the Commission; and (B) any failure to comply with reporting or other provisions of the policies, including breaches of warranties, shall not affect coverage providedtothe Commission, its directors, officials, officers, employees and agents. 246 • • • 3.12.5 Deductibles and Self -Insurance Retentions. Any deductibles or self -insured retentions must be declared to and approved by the Commission. If the Commission does not approve the deductibles or self -insured retentions as presented, Consultant shall guarantee that; at the option of the Commission, either: (1) the insurer shall reduce or eliminate such deductibles or self -insured retentions as respects the Commission, its directors, officials, officers, employees and agents; or (2) the Consultant shall procure a bond guaranteeing payment of losses and related investigation costs, claims and administrative and defense expenses. 3.12.6 Acceptability of Insurers. Insurance is to be placed with insurers with a current A.M. Best's rating no less than A:VIII, licensed to do business in California, and satisfactory to the Commission. 3.12.7 Verification of Coverage. Consultant shall furnish Commission with original certificates of insurance and endorsements effecting coverage required by this Agreement on forms satisfactory to the Commission. The certificates and endorsements for each insurance policy shall be signed by a person authorized by that insurer to bind coverage on its behalf. All certificates and endorsements must be received and approved by the Commission before work commences. The Commission reserves the right to require complete, certified copies of all required insurance policies; at any time. 3.13 Safety. Consultant, shall execute and maintain its work so as to avoid injury or damage to any person or property. In carrying out its Services, the Consultant shall at all times be in compliance with all applicable local, state and federal laws, rules and regulations, and shall exercise all necessary precautions for the safety of employees appropriate to the nature of the work and the conditions under which the work is to be performed. Safety precautions as applicable shall include, but shall not be limited to: (A) adequate life protection and life saving equipment and procedures; (B) instructions in accident prevention for all employees and subcontractors, such as safe walkways, scaffolds, fall protection ladders, bridges, gang planks, confined space procedures, trenching and shoring, equipment and other safety devices, equipment and wearing apparel as are necessary or lawfully required to prevent accidents or injuries; and (C) adequate facilities for the proper inspection and maintenance of all safety measures. 3.14 Fees and Payment. 3.14.1 Compensation. Consultant shall receive compensation, including authorized reimbursements, for all Services rendered under this Agreementatthe rates set forth in Exhibit "B" attached hereto. Extra Work may be authorized, as described below, and if authorized, will be compensated at the rates and manner set .forth in this 247 Agreement. 3.14.2 Payment of Compensation. Consultant shall receive its compensation on the date of, or around the date of, the execution of a swap transaction under the Project. The Parties agree that Consultant shall not be entitled to payment of any amount under this Agreement if the Commission decides not to execute a swap transaction. 3.14.3 Reimbursement for Expenses. Consultant shall not be reimbursed for any expenses unless authorized in writing by Commission. 3.14.4 Extra Work. At any time during the term of this Agreement, Commission may request that Consultant perform Extra Work. As used herein, "Extra Work" means any work which is determined by Commission to be necessary for the proper completion of the Project, but which the parties did not reasonably anticipate would be necessary at the execution of this Agreement. Consultant shall not perform, nor be compensated for, Extra Work without written authorization from Commission's Executive Director. 3.15 Accounting Records. Consultant shall maintain complete and accurate records with respect to all costs and expenses incurred and fees charged under this Agreement. All such records shall be clearly identifiable. Consultant shall allow a representative of Commission during nwpal business hours to examine, audit, and make transcripts or copies of such records acid any other documents created pursuant to this Agreement. Consultant shall allow inspection of all work, data, documents, proceedings,. and activities related to the Agreement for a period of three (3) years from the date of final payment under this Agreement. 3.16 Termination of Agreement. 3.16.1 Grounds for Termination. Commission may, by written notice to Consultant, terminate the whole or any part of this Agreement at any time and without cause by giving written notice to Consultant of such termination, and specifying the effective date thereof. Upon termination, Consultant shall be compensated only for those services which have been fully and adequately rendered to Commission through the effective date of the termination, and Consultant shall be entitled to no further compensation. Consultant may not terminate this Agreement except for cause. 3.16.2 Effect of Termination. If this Agreement is terminated as provided herein, Commission may require Consultant to provide all finished or unfinished Documents and Data, as defined below, and other information of any kind prepared by Consultant in connection with the performance of Services under this Agreement. Consultant shall be required to provide such document and other information within fifteen (15) days of the request. 248 • • 3.16.3 Additional Services. In the event this Agreement is terminated in whole or in part as provided herein, Commission may procure, upon such terms and in such manner as it may determine appropriate, services similar to those terminated. 3.17 Delivery of Notices. All notices permitted or required under this Agreement shall be, given to the respective parties at the following address, or at such other address as the , respective parties may provide in writing for this purpose: CONSULTANT: Fieldman, Rolapp & Assoc. 19900 MacArthur Boulevard Suite 1100 Irvine, CA 92612 Attn: Daniel L. Wiles, Principal and General Counsel COMMISSION: Riverside County Transportation Commission P.O. Box 12008 Riverside, CA 92502-2208 Attn: Executive Director Such notice shall be deemed made when personally delivered or when mailed, forty-eight (48) hours after deposit in the U.S. Mail, first class postage prepaid and addressed to the party at its applicable address. Actual notice shall be deemed adequate notice on the date actual notice occurred, regardless of the method of service. 3.18 Ownership of Materials/Confidentiality. 3.18.1 Documents & Data; Licensing of Intellectual Property. All plans, specifications, studies, drawings, estimates, materials, data and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings or data magnetically or otherwise recorded on computer diskettes, prepared by or on behalf of Consultant under this Agreement ("Documents and Data"),, shall become the property of Commission upon the completion of the term of this Agreement,'. except that Consultant shall have the right to retain copies of all such; Documents and Data for its records. Should Consultant, either during or following termination of this Agreement, desire to use any Documents and Data, it shall first obtain the written approval of Commission. This Agreement creates a non-exclusive and perpetual license for Commission to copy, use, -modify, reuse, or sublicense any and all; copyrights, designs, and other intellectual property embodied in the Documents and Data which are prepared or caused to be prepared :by Consultant under ;this Agreement ("Intellectual Property"). Consultant shall require all subcontractors to agree in writing that Commission is granted anon -exclusive and perpetual license for any Intellectual Property the subcontractor prepares under this Agreement. Consultant represents and warrants 249 that Consultant has the legal right to license any and all Intellectual Property prepared or caused to be prepared by Consultant under this Agreement. Commission shall not be limited in any way in its use of the Intellectual Property at any time, provided that any such use not within, the purposes intended by this Agreement shall be at Commission's sole risk. 3.18.2 Confidentiality. All ideas, memoranda, specifications, plans, procedures, drawings, descriptions, computer program data, input record data, written information, and other Documents and Data either created by or provided to Consultant in connection with the performance of this Agreement shall be held confidential by Consultant. Such materials shall not, without the prior written 'consent of Commission, be used by Consultant for any purposes other than the performance of the Services. Nor shall such materials be disclosed to any person or entity not connected with the performance of the Services or the Project. Nothing furnished to Consultant which is otherwise known to Consultant or is generally known, or has become known, to the related industry shall be deemed confidential. Consultantshall not use Comrnission's name or insignia, photographs of the Project, or any publicity pertaining to the Services or the Project in any magazine, trade paper, newspaper, television or radio production or other similar medium without the prior written consent of Commission. 3.19 Cooperation; Further Acts. The 'Parties shall fully cooperate with one another; and shall take any additional acts or sign any additional documents as may be necessary, appropriate; or convenierkt to attain the purposes of this Agreement. ' 3.20 Attorney's Fees. If either party commences :an action against the other party, either legal, administrative or otherwise, arising out of or in connection with this Agreement, the prevailing party in such litigation shall be entitled to have and recover from the losing party reasonable attorney's fees and costs of such actions. 3.21 Indemnification. Consultant shall defend, indemnify and hold Commission; its directors, officials, officers, employees, , consultants, agents and volunteers free and harmless from any and all claims, demands, causes of action, costs, expenses, liability,' loss, damage or injury, in law or equity, to property or persons, including wrongful death; in any manner'arising out of or incident to any alleged negligent acts, omissions or willful' misconduct of Consultant, its 'officials, officers, employees, agents, consultants and contractors arising out of or in connection with the performance of the Services, the Project or this Agreement, including without limitation the payment of all consequential damages and attorneys fees and other related costs and expenses. Consultant shall defend, at Consultant's own cost, expense and risk, any and all such aforesaid suits, actions or other legal proceedings of every kind that may be brought or instituted against Commission or its directors, officials, officers, employees, consultants, agents and volunteers. Consultant shall pay and satisfy any judgment, award or decree that may be rendered against Commission or its directors, officials, officers, employees,' 250 • • i i consultants, agents and volunteers, in any such suit, action or other legal., proceeding. Consultant shall reimburse Commission and its directors, officials, officers, employees, consultants, agents. and/or volunteers, for any and all legal expenses and costs incurred by each of them in connection therewith or in enforcing the indemnity herein provided. Consultant's obligation to indemnify shall not be restricted to insurance proceeds, if any, received by Commission or its directors, officials, officers, employees, consultants, agents and volunteers. 3.22 Entire Agreement. This Agreement contains the entire Agreement of the parties with respect to the subject matter hereof, and supersedes all prior negotiations, understandings, or agreements. This Agreement may only be modified by a writing signed by both parties. 3.23 Governing Law. This Agreement shall be governed by the laws of the State of California. Venue shall be in Riverside County. 3.24 Time of Essence. Time is of the essence for each and every provision of this Agreement. 3.25 Commission's Right to Employ Other Consultants,. Commission reserves right to employ other consultants in connection with this Project. 3.26 Successors and ssigns. This Agreement shall be binding on the successors and assigns of the parties, aid shall not be assigned by Consultant without the prior written consent of Commission. 3.27 Prohibited Interests. 3.27.1 Solicitation. Consultant maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Consultant, to solicit or secure this Agreement. Further, Consultant warrants that it has not paid nor has it agreed to pay any company or person, other than a bona fide, employee working solely for Consultant, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making, of this Agreement. For breach or violation of this warranty, Commission shall have the right to rescind this Agreement without liability. 3.27.2 Conflict of Interest. For the term of this Agreement, no member; officer or employee of Commission, during the term of his or her service with Commission, shall have any direct interest in this Agreement, or obtain any present or - anticipated material benefit arising therefrom. 3.28 Equal Opportunity. Consultant represents that it is an equal> 251 opportunityemployer and it shall not discriminate against any employee or applicant for employment because of race, religion, color, national origin, ancestry, sex, or age. Such non-discrimination shall include, but not be limited to, all activities related to initial employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff or termination. Consultant shall also comply with all relevant provisions of Commission's Minority Business Enterprise program, Affirmative Action Plan or other related Commission programs or guidelines currently in effect or hereinafter enacted. 3.29 Subcontracting. Consultant shall not subcontract any portion of the work or Services required by this Agreement, except as expressly stated herein, without prior written approval of the Commission. Subcontracts, if any, shall contain a,provision making them subject to all provisions stipulated in this Agreement. 3.30 Prevailing Wages. By its execution of this Agreement, Consultant certified that it is aware of the requirements of California Labor Code Sections 1720 et> seq. and 1770 et seq., as well as California Code of Regulations, Title 8, Section 16000 et seq. ("Prevailing. Wage Laws"), which require the payment of prevailing wage rates and the performance of other requirements on certain "public works" and "maintenance projects. If the Services are being performed as part of an applicable "public works" or "maintenance" project, as defined by the Prevailing Wage Laws, and if the total compensation' is $1,000 or more, Consultant agrees to fully comply with such Prevailing Wage Laws. The Commission shall provide Consultant with a copy of the prevailing rate of per diem wages in effect at the commencement of this Agreement. Consultant shall' make copies of the prevailing rates of per diem wages for each craft, classification or type of worker needed to execute the Services available to interested parties upon request, and shall post copies at the Consultant's principal place of business and at the project site. Consultant shall defend, indemnify and hold the Commission, its elected officials, officers, employees and agents free and harmless from any claims, liabilities, costs, penalties or interest arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. 3.31 No Waiver. Failure of Commission to insist on any one occasion upon strict compliance with any of the terms, covenants or conditions hereof shall not be deemed a waiver of such term, covenant or condition, nor shall any waiver or relinquishment of any rights or powers hereunder at any one time or more times be deemed a waiver or relinquishment of such other right or power at any other time or times.` 3.32 Disclosures. The Consultant has disclosed to the Commission that it is an affiliate of Fieldman, Rolapp & Associates ("FRA). The Commission acknowledges by the execution of this Agreement that: 3.32.1 Independent selection. The Commission has independently selected the Consultant and is aware' of the professional and financial relationship 252 between the Consultant and FRA. 3.32.2 Compensation. All compensation to be received by the Consultant has been fully disclosed in the attached Exhibit B and that no other outside fees will be paid to the Consultant with respect to the services identified in Exhibit A of this Agreement. 3.32.3 Receipt of Form ADV. The Commission has received Part II of Form ADV, a disclosure statement containing the equivalent information, or a disclosure statement containing at least the information required by Schedule H of Form ADV if the Commission is entering into a wrap fee program sponsored by the Consultant. If the appropriate disclosure statement was not delivered to the Commission at least 48 hours prior to the Commission entering into any written or oral advisory agreement with the Consultant then the Commission has the right to terminate such agreement without penalty within five business days after entering into the agreement. For purposes of this provision, an agreement is considered to be entered into when all parties to the agreement have signed the agreement, or in the case of an oral agreement otherwise signified their acceptance, any other provisions of this Agreement notwithstanding.. 253 IN WITNESS WHEREOF, this Agreement was executed on the date` first written above. RIVERSIDE COUNTY TRANSPORTATION COMMISSION FIELDMAN, ROLAPP FINANCIAL SERVICES, LLC By: Marion Ashley, Chair Signature APPROVED AS TO FORM: By: Best, Best & Krieger LLP General Counsel 254 Name Title • EXHIBIT A TO RIVERSIDE COUNTY TRANSPORTATION COMMISSION AGREEMENT FOR SWAP ADVISORY SERVICES WITH FIELDMAN, ROLAPP FINANCIAL SERVICES, LLC SCOPE OF SERVICES: A. General Services. The Consultant shall perform all the duties and services specifically set forth herein - and shall provide such other services as it deems necessary or advisable, or are reasonable and necessary to accomplish the intent of this Agreement in a manner consistent with the standards and practice of professional advisors. The Commission may, with the concurrence of Consultant, expand this Agreement to include any additional services not specifically identified within the terms of this Agreement. Any additional services may be described in an addendum to this Exhibit A and are subject to fees described in an addendum to Exhibit B to this Agreement. B. Specific Services to be Provicked. Development of Interest Rate Swap Policies — the Consultant will draft potential policies for interest rate swaps for review by the Commission staff, will prepare presentation materials for the Budget & Implementation Committee and the Commission and support the work of staff in presenting the policies to the Commission for its consideration. Initial Analysis and Recommendation — the Consultant will analyze the Commission's potential financing options for its commercial paper program and propose terms of an Interest Rate Swap Arrangement(s) that will correspond to those options. Commission Control — the Commission may choose to follow or disregard any recommendations or advice furnished by the Consultant and may make such recommendations or advice available to others for the purpose of implementing such recommendations. Structuring the Request For Proposals for Interest Rate Swap Bids document - the Consultant will work with bond counsel in creating a structure and bid document(s) which provide(s) the maximum flexibility while maintaining safe and sound 255 practices. It is the policy of the Consultant to have the bid document reviewed by bond counsel prior to distribution to prospective bidders. The Consultant will prepare and distribute the bid 'packages and interface with all of the bidders to insure the greatest response to the bid request. Conducting the bid process - the Consultant will certify to the Commission and bond counsel the bids of each qualified provider. The Commission will know the exact results of each bid prior to the awarding of the Interest Rate Swap Arrangement(s). Coordinating the closing of the Interest Rate Swap Arrangements - the Consultant will work with the bond counsel in supporting the development of the completion and execution of revisions to the ISDA .Master Agreement, the Municipal Schedule, the Credit Support Annex and the Confirmation. 256 EXHIBIT B TO RIVERSIDE COUNTY TRANSPORTATION COMMISSION AGREEMENT FOR SWAP ADVISORY SERVICES WITH FIELDMAN, ROLAPP FINANCIAL SERVICES, LLC COMPENSATION TO THE CONSULTANT: Advisory services performed pursuant to Section 1 of this Agreement, and as more fully described in the Scope of Services set forth in Exhibit A, will be compensated either by the Commission through direct payment to the Consultant or by payment of commissions from the providers of the investment products contemplated herein. THIS EXHIBIT IS INTENDED TO BE DISCLOSURE INFORMATION TO THE COMMISSION. IF COMPENSATION IS TO BE PAID BY PROVIDERS OF THE INTEREST RATE SWAP AGREEMENTS, THE FEES PAID TO THE CONSULTANT WILL ALSO BE REFLECTED IN THE BID DOCUMENT, WHICH pWILL BE APPROVED BY THE COMMISSION PRIOR TO BEING DISTRIBUTED TO 15ROSPECTIVE, QUALIFIED BIDDERS. INTEREST RATE SWAP ARRANGEMENTS APPROXIMATE NOTIONAL AMOUNT APPROXIMATE DOLLAR AMOUNT OF FEE Hedging arrangements relating to Commission's commercial paper program $185,000,000 $65,000 for no more than two (2) counterparties 257 • Form ADV Part II Fieldman, Rolapp Financial Services, LLC 258 FORM ADV Pm -HI -Pagel Uniform Application for Investment Adviser Registration Name of Investment Adviser: - Fiel:dman, Rolapp Financial Services, LLC Address_ - (Number and Street) (City) - (State) (Zip Code) 19900 MacArthur Blvd., Suite 1100 - Irvine CA 92612-2933 Area Code: Telephone Number: (999) 660— 7300 This part of Form ADV gives information about the investment adviser and its business for the use of clients. The information has not been approved`or verified by any government authority. Table of Contents Item Number Item Page I Advisory Services and Fees 2 2 Types of Clients 2 3 Types of Investments 3 4 Methods of Analysis, Sources of Information and Investment Strategies 3 5 Education and Business Standards 4 6 Education and Business Background 4 7 Other Business Activities , 4 8 Other Financial Industry Activities or Affiliations 4 9 Participation or Interest in Client Transactions 5 10 Conditions for Managing Accounts 5 11 Review of Accounts 5 12 Investment or Brokerage Discretion 6 13 Additional Compensation 6 14 Balance Sheet 6 Continuation Sheet Schedule F Balance Sheet, if required Schedule G (Schedules A, B, C, D, and E are included with Part I of this Form, for the use of regulatory bodies, and are. not distributed to clients.) SEG 1701 (8/98) ® 2005 &venje Hills Reg thlory ConsnBontr Gran', Inc. 259 • FORM ADV Part II - Page 2 Applicant: Fieldman, Rolapp Financial Services, LLC SEC File Number: 801-N/A Date: 03/31/2006 Definitions for Part If Related person - Any officer, director or partner of applicant or any person directly or indirectly controlling, controlled by, or under common control with the applicant, including any non -clerical, non -ministerial employee. Investment. Supervisory Services - Giving continuous investment advice to a client (or making investments for the client) based - on the individual needs of the client. Individual needs include, for example, the nature of other client assets and the client's per- sonal and family obligations. I. A. Advisory Services and Fees. (check the applicable boxes) - For each type of service provided, state the approximate % of total advisory billings from that service. Applicant: (See instruction below.) ❑ (1) Provides investment supervisory services _ - - %_ ■ (2) Manages investment advisory accounts not involving investment supervisory services % P (3) Furnishes investment advice through consultations not included in either service described above 10 % ❑ (4) Issues periodicals about securities by subscription % ■ (5) Issues special reports about securities not included in any service described above a/ ❑ (6) Issues, not as part of any service described above; any charts, graphs, formulas, or other devices which clients may use to evaluate securities .6 ® O On more than an occasional basis, furnishes advice to clients on matters not involving securities 90 % ❑ (8) Provides a timing service % n (9) Furnishes advice about securities in any manner not described above % i (Percentages should be based on applicant's last fiscal year. If applicant has not completed its first fiscal year, provide estimates of advisory billings for that year and state that the percentages are estimates.) Yes No B. Does the applicant call any of the services it checked above financial planning or some similar term? ® ❑ C. Applicant offers investment advisory services for: (check all that apply): ' 1 ❑ (I) A percentage of assets under manage nt ❑ (4) Subscription fees ® (2) Hourly charges ❑ (5) Commissions ® (3) Fixed fees (not including subscription fees) ® (6) Other D. For each checked box in A above, describe on Schedule F: • the services provided, including the name of any publication or report issued by the adviser on a subscription basis or for a fee • applicant's basic fee schedule, how fees are charged and whether its fees are negotiable • when compensation is payable, and if compensation is payable before service is provided, how a client may get a refund or may terminate an investment advisory contract before its expiration date 2. Types of Clients - Applicant generally provides investment advice to: (check those that apply) p A. Individuals a E. Trusts, estates, or charitable organizations r ❑ B. Banks or thrift institutions ❑ F. Corporations or business entities other than those listed above ❑ C. Investment companies ® G. Other (describe on Schedule F) ❑ D. Pension and profit sharing plans i Answer all items. Complete amended pages in fall, circle amended items and file with execution page (page I). 260 Beverly Hilt Regubtory Cotttuhaatc Grogp, Iau. FORM ADV Part 11 - Page 3 Applicant: Fieldman, Rolapp Financial Services,'LLC SEC File Number: 801-N/A [Pate 03/31/2006" 3. Types of Investments. Applicant offers advice on the following: (check A. Equity Securities (1) exchange -listed securities (2) securities traded over-the-counter (3) foreign issues B. Warrants C. Corporate debt securities (other than commercial paper) D. Commercial paper E. Certificates of deposit F. Municipal securities G. Investment company securities (1) variable life insurance (2) variable annuities (3) mutual fund shares those that apply) 1/ H. United States government securities ■ I. Options contracts on: ❑ (1) securities ❑ (2) commodities J. Futures contracts, on: Cl (1) tangibles ■ ❑ ❑ ❑ ■ (2) intangibles K. Interests in partnerships investing in: . ■ ❑ . ® is (1) real estate ❑ (2) oil and gas interests ' . ❑ (3) other (explain on Schedule F) ® L. Other (explain on Schedule F) ' N ■ ❑ 4. Methods of Analysis, Sources of Information, and Investment Strategies. A. Applicant's security analysis methods include: (check those that apply) (1) ❑ Charting (4) ❑ Cyclical (2) ❑ Fundamental (5) ® Other (explain on Schedule F) (3) ■ Technical B. The main sources of information applicant uses include: (check those that apply) (1) 121 Financial newspapers and magazines (5) ❑ Timing services (2) ❑ Inspections of corporate activities (6) ri3 Annual reports, prospectuses, filings with the Securities and Exchange Commission ' (3) M/ Research materialsprepared by others (7) ❑ Company press releases (4) ® Corporate rating services (8) . ig 'Other (explain on Schedule F) C. The investment strategies used to implement any investment advice given to clients include: (check those that apply) (1) a Long term purchases (5) ❑ Margin transactions (securities held at least a year) (2) t. Short term purchases (6) ❑ Option writing, including covered options, uncovered options or spreading strategies (securities sold within a year) (3) ■ Trading (securities sold within 30 days) (4) El Short sales (7) ❑ Other (explain on Schedule F)" Answer all items. Complete amendedpages in full, circle amended items and file with execution page (page 1). Beverfy Hills Regulatory Gerd/ants Group, inc... 261 • • FORM ADV Part II - Page 4 Applicant: Fieldman, Rolapp Financial Services, LLC SEC File Number: 801-N/A Date: 03/31/2006 5. Education and Business Standards. Are there any general standards of education or business experience that applicant requires of those involved in Yes No determining or giving investment advice to clients? ® ❑ (If yes, describe these standards on Schedule F.) 6. Education and Business Background. For: • each member of the investment committee or group that determines general investment advice to be given to clients, or i • if the applicant has no investment committee or group, each individual who determines general investment advice given to clients (if more than five, respond only for their supervisors) • each principal executive officer of applicant or each person with similar status of performing similar functions. pn Schedule F, give the: - • name • formal education after high school I• year of birth • business background for the preceding five years 7. Other Business Activities. (check those that apply) ■ A. Applicant is actively engaged in a business other than inveshnent advice. giving ❑ B. Applicant sells products or services other than investment advice to clients. ❑ C. The principal business of applicant or its principal executive officers involves something other than providing investment advice. (For each checked box describe the other activities, including the time spent on them, on Schedule F.) . 8. ' 'OtherFinancialIndustryActivitiesorAffiliations. (check those that apply) ■ A. Applicant is registered (or has an application pending) as a securities broker -dealer. ■ B. Applicant is registered (or has an application pending) as a futures commission merchant, commodity pool operator or commodity trading adviser. - C. Applicant has arrangements that are material to its advisory business or its clients with a related person who is a: ❑ (1) broker -dealer ■ (7) accounting firm I ■ (2) investment company ❑ (8) law firm III (3) other investment adviser ■ (9) insurance company or agency ® (4) financial planning firm ❑ (10) pension consultant ❑ (5) commodity pool operator, commodity trading ❑ (11) real estate broker or dealer adviser or futures commission merchant ❑ (12) entity that creates or packages limited partnerships ❑ (6) banking or thrift institution (For each checked box in C, on Schedule F identify the related person and describe the relationship and the arrangements.) D. Is applicant or a related person a general partner in any partnership in which clients are solicited to Yes No invest? ❑ El _ (1£ yes, describe on Schedule F the partnerships and what they invest in:) Answer all items- Complete amended pages in full,. circleIntended items and fde with execution page (page 1)... Bever§ Hilt Regarany Corm hank Gimp, lac. 262 FORM ADV Part 11- Page 5 Applicant: Fieldman, Rolapp Financial Services, LLC SEC File Number. 801-N/A Date: 03/31/2006 9. Participation or Interest in Client Transactions. Applicant or a related person: (check those that apply) ❑ A. As principal, buys securities for itself from or sells securities it owns to any client. ❑ B. As broker or agent effects securities transactions for compensation for any client. ❑ C. As broker or agent for any person other than a client effects transactions in which client securities are sold to or bought from a brokerage customer. - ® D. Recommends to clients that they buy or sell securities or investment products in which the applicant or a related person has some financial interest. - ❑ E. Buys or sells for itself securities that it also recommends to clients. (For each box checked, describe on Schedule F when the applicant or a related person engages in these transactions and what " restrictions, internal procedures, or disclosures are used for conflicts of interest in those transactions.) 10. Conditions for Managing Accounts. Does the applicant provide investment supervisory services, manage investment advisory accounts or hold itself out as providing financial planning or some similarly termed services and impose a minimum dollar value of Yes No assets or other conditions for starting or maintaining an account, ❑ (If yes, describe on Schedule F.) 11. Review of Accounts. If applicant provides investment supervisory services, manages investment advisory accounts, or holds itself out as providing financial planning or some similarly termed services: A. Describe below the reviews and reviewers of the accounts. For reviews, include their frequency, different levels, and triggering factors. For reviewers, include the number of reviewers, their titles and functions, instructions they receive - from applicant on performing reviews, and number of accounts assigned each. Please see Item 11(A) on Schedula F for further details. B. Describe below the nature and frequency of regular reports to clients on their accounts. Please see Item 11(B) on Schedule F for further details. Answer all items. Complete amended pages in full, circle amended items and file with execution page (page 1).411111 Beverly Hills ]trgnlarory Conmhnntr Gm*, Inc.. 263 FORM ADV • Part II - Page 6 Applicant: Fieldman, Rolapp Financial Services, LLC SEC File Number: 801-N/A Date: 03/04/2005 12. Investment or Brokerage Discretion. A. Does applicant or any related person have authority to determine, without obtaining specific client consent, the: (I) securities to be bought or sold? (2) amount of the securities to be bought or sold ? (3) broker or dealer to be used ? (4) commission rates paid? Yes ❑ Yes ❑ Yes ❑ Yes ❑ No El No IA No �t No K4 B. Does applicant or a related person suggest brokers to clients? For each yes answer to A describe on Schedule F any limitations on the authority. For each yes to A(3), A(4) or B, describe on Schedule F the factors considered in selecting brokers and determining the reasonableness of their commis- sions. If the value of products, research and services given to the applicant or a related person is a factor, describe: • the products, research and services • whether clients may pay commissions higher than those obtainable from other brokers in return for those products and services • whether research is used to service all of applicant's accounts or just those accounts paying for it; and I • any procedures the applicant used during the last fiscal year to direct client transactions to a particular broker in return for products and research services received. Yes ❑ No l0 ' 13. 1Additional Compensation. Does the applicant or a related person have any arrangemAts, oral or in writing, where it: A. Is paid cash by or receives some economic benefit (including commissions, equipment or non -research services) from a non -client in connection with giving advice to clients? B. Directly or indirectly compensates any person for client referrals? (For each yes, describe the arrangements on Schedule F.) Yes 0 Yes ❑ No ■ No 14. ; Balance Sheet. Applicant must provide a balance sheet for the most recent fiscal year on Schedule G if applicant: i • has custody of client funds or securities; or • requires prepayment of more than $500 in fees per client and 6 or more months in advance Has applicant provided a Schedule G balance sheet? Yes ❑ No El Answer all items. Complete amended pages in full, circle amended items and file with execution page (page 1). T3ar& Hills &plata, Con,rultautr Grog%Tne.. 264 • Agreement No. 05-19-510-01 AMENDMENT NO. 1 TO AGREEMENT FOR BOND COUNSEL SERVICES 1. PARTIES AND DATE This Amendment No. 1 to the Agreement for Bond Counsel Services is made and entered into as of this day of , 2006, by and between the RIVERSIDE COUNTY TRANSPORTATION COMMISSION ("Commission") and ORRICK, HERRINGTON & SUTCLIFFE LLP ("Consultant"), a LIMITED LIABILITY PARTNERSHIP. 2. RECITALS 2.1 The Commission and the Consultant have entered into an agreement dated April 5, 2005 for the purpose of providing bond counsel services (the "Master Agreement"). 2.2 The parties now desire to amend the Master Agreement in order to revise the Scope of Services and to provide additional compensation for the performance of bond counsel tasks related to an interest rate swap transaction in connection with the Commission's commercial paper notes under the 2009 MeasuT A, including a maximum of two (2) counterparty agreements. 3. TERMS 3.1 The Services, as that term is defined in the Master Agreement, shall be amended to include bond counsel tasks related to an interest rate swap transaction in connection with the Commission's commercial paper notes under the 2009 Measure A, including a maximum of two (2) counterparty agreements. 3.2 The maximum compensation for Services performed pursuant to this Amendment shall be $100,000, as further set forth in Exhibit "A-1" attached to this Amendment and incorporated herein by reference. 3.3 Except as amended by this Amendment, all provisions of the Master Agreement, including without limitation the indemnity and insurance provisions, shall remain in full force and effect and shall govern the actions of the parties under this Amendment. RV PUB\HSHANE\715465.1 [signatures on following page] 265 SIGNATURE PAGE TO AMENDMENT NO. 1 TO AGREEMENT FOR BOND COUNSEL SERVICES IN WITNESS WHEREOF, the parties hereto have executed the Agreement on the date first herein above written. RIVERSIDE COUNTY TRANSPORTATION COMMISSION By: By: Marion Ashley, Chairman APPROVED AS TO FORM: By: Steve DeBaun, Best, Best & Krieger LLP Counsel to the Riverside County Transportation Commission R VPUB1HSHANE\715465.1 266 CONSULTANT ORRICK, HERRINGTON & SUTCLIFFE LLP • • EXHIBIT "A-1 " COMPENSATION Consultant shall receive compensation, including authorized reimbursements, for the Services rendered under this Amendment in an amount not to exceed $100,000. Compensation shall be provided as follows: The total compensation to be provided to Consultant if one (1) counterparty agreement is completed shall be $50,000. The total compensation to be provided to Consultant if two (2) counterparty agreements are completed shall be $100,000. RVPUB\ iSHANE\715465.1 A-1 267 • NO.06-015 RESOLUTION AUTHORIZING AN INTEREST RATE SWAP TRANSACTION IN CONNECTION WITH THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION COMMERCIAL PAPER NOTES; INCLUDING THE EXECUTION AND DELIVERY OF ISDA MASTER AGREEMENTS, SCHEDULES, CREDIT SUPPORT ANNEXES AND CONFIRMATIONS RELATING THERETO, AND AUTHORIZING THE TAKING OF ALL ACTIONS NECESSARY IN CONNECTION THEREWITH WHEREAS, the Riverside County Transportation Commission (the "Commission") is a county transportation commission duly organized and existing pursuant to the County Transportation Commissions Act, being Division 12 of the Public Utilities Code of the State of California (Section 130000 et seq.); WHEREAS; the Commission is authorized pursuant to the Riverside County Transportation Sales Tax Act, being Division 25 of the Public Utilities Code of the State of California (Section 240000 et seq.) (the "Xct"), to, among other things, and with voter approval, levy a retail transactions and use tax in accordance with the provisions of Part 1.6 (commencing with Section 7251) of Division 2 of the California Revenue and Taxation Code (the "Sales Tax Law") and to issue limited tax bonds payable from the proceeds of such tax; WHEREAS, the Commission adopted Ordinance No. 88-1, named the "Transportation Expenditure Plan and Retail Transaction and Use Tax Ordinance" ("Ordinance No. 88-1"), on July 6, 1988, pursuant to the provisions of the Act, which Ordinance provided for the imposition of a retail transactions and use tax (the "1988 Sales Tax") applicable in the incorporated and unincorporated territory of the County of Riverside (the "County") in accordance with the Sales Tax Law at the rate of one-half of one percent (1/2%) for a period not to exceed twenty (20) years; US_ WEST:260033446.4 43124-2 BA4/BA4 268 WHEREAS, by its terms, Ordinance No. 88-1 became effective at the close of the polls on November 8, 1988, the day of the election at which the proposition imposing the 1988 Sales Tax was approved by a majority vote of the electors voting on the measure, and the collection of the 1988 Sales Tax commenced on July 1, 1989; WHEREAS, the Commission adopted Ordinance No. 02-001, named the "Transportation Expenditure Plan and Retail Transaction and Use Tax Ordinance" (the _ "Ordinance") on May 8, 2002, pursuant to the provisions of the Act, which Ordinance provides for the imposition of a retail transactions and use tax (the "Sales Tax") applicable in the incorporated and unincorporated territory of the County in accordance with the provisions of the Sales Tax Law at the rate of zero percent (0%) until the expiration of the 1988 Sales Tax on June 30, 2009, and thereafter at the rate of one-half of one percent (1/2%) for a period not to exceed thirty (30) years; WHEREAS, by its terms, the Ordinance became effective at the close of the polls on November 5, 2002, the day of the election at which the proposition imposing the Sales Tax was approved by more than two-thirds of the electors voting on the measure; WHEREAS, the Ordinance empowers the Commission to sell or issue, from time to time, on or before the collection of the Sales Tax, bonds, or other evidences of indebtedness, in the aggregate principal amount at any one time outstanding not to exceed $500 million for capital expenditures for various purposes, including to carry out the transportation projects described in the Riverside County Transportation Improvement Plan, adopted as part of the Ordinance, including any future amendments thereto (the "Expenditure > Plan")- . WHEREAS, the Commission is authorized by Section 240309 of the California Public Utilities Code to issue from time to time limited tax bonds (defined to include US_ WEST:260033446.4 43124-2 BA4/BA4 2 269 • • indebtedness and securities of any kind or class, including commercial paper), secured and payable in whole or in part from revenues of the Sales Tax ("Sales Tax Revenues"); WHEREAS, the Commission has heretofore authorized the issuance of and issued the Riverside County Transportation Commission Commercial Paper Notes (Limited Tax Bonds), Series A (the "Series A Notes), in an aggregate principal amount not to exceed one hundred twenty million dollars ($120,000,000) outstanding at any one time, and the Riverside County Transportation Commission Commercial .Paper Notes (Limited Tax Bonds), Series B (the "Series B Notes," and, together with the Series A Notes; hereinafter collectively referred to as the "Notes"), in an aggregate principal amount not to exceed eighty million dollars ($80,000,000) outstanding at any one time, pursuant to an Indenture, dated as of March 1, 2005 (the "Indenture"), between the Commission and U.S. Bank Trust National Association, as ' trustee, and pursuant to the provisions ofhe Act and the Ordinance; WHEREAS; Section 5922 of the Government Code of the State of California (the "Government Code") provides that in connection with, or incidental to, the issuance or carrying of bonds, any public entity may enter into ally contracts which the public entity determines to be appropriate to place the obligations represented by the bonds, in whole or in part, on the interest rate, cash flow or other basis desired by the public entity, including, without limitation, contracts commonly lmown as interest rate swap agreements, forward; payment conversion agreements or contracts providing for payments based on levels of, or changes in, interest rates or stock or other indices, or contracts to exchange cash flows or a series of , payments, in each case to hedge payment, rate, spread or similar exposure; WHEREAS, Section 5922 of the Government Code further provides that such agreements or contracts shall be entered into with the parties, selected by the means, and contain US_WEST:260033446.4 43124-2 BA4/BA4 3 270 the payment, security, default, remedy, and other terms and conditions determined by the public entity after giving due consideration for the creditworthiness of the counterparties to such agreements or contracts, including any rating by a nationally recognized rating' agency; WHEREAS, in order to hedge against rising interest rates and thereby minimize debt service and maximize delivery of capital projects identified in the Ordinance, the Commission hereby determines that it is desirable to enter into forward swap agreements _ providing for a fixed swap rate in connection with all or a portion of the Notes or bonds issued to refund the Notes on a long-term basis (the "Bonds"); WHEREAS; the Commission has been presented with and has approved pursuant to Resolution No.`06-014 a proposed Interest Rate Swap Policy (the "Swap Policy") establishing guidelines for the use and management of interest rate swap agreements and similar transactions; WHEREAS, the Commission hereby acknowledges that a payment may be due to each Counterparty (as defined below) in the event the Commission does not issue the Bonds, that the amount of any such payment will vary depending in large part on prevailing interest rates at the time such payment is calculated, and that under certain market conditions, the amount of such payments could be substantial; WHEREAS, the Commission proposes to enter into separate forward swap agreements with one or more counterparties (each, a "Counterparty" and hereinafter collectively referred to as the "Counterparties") to be selected pursuant to a request for qualifications and limited bid process executed by the Executive Director; WHEREAS; the Commission has been presented with a proposed form' of forward swap agreement to be entered into with each Counterparty, such 'proposed form of forward swap agreement being comprised of an ISDA Master Agreement ( US_WEST:26IX133446.4 43124-2 BA4/BA4 4 271 "Master • Agreement"), a Schedule to the Master Agreement (a "Schedule"), an ISDA Credit Support Annex (each, a "Credit Support Annex") and a Confirmation (a "Confirmation" and collectively with the Master Agreement, Schedule, Credit Support Annex and Confirmation, the "Swap Agreement"); WHEREAS, it is now necessary for the Commission to authorize the selection of one or more Counterparties and the execution and delivery of, and approve the forms of, the Swap Agreement, and to authorize the taking of various actions in connection therewith; WHEREAS, the Commission has been presented with the form of the Master Agreement, Schedule, Credit Support Annex, and Confirmation described herein and the Commission has examined and approved the form of each document and desires to authorize and direct the execution and delivery of such documents in substantially such form and such other documents as are necessary in connectioniwith the transactions described herein; and WHEREAS, all acts, conditions and things required by the Act, the Sales Tax Law and the Constitution and laws of the State of California to exist, to have happened and to have been performed precedent to and in connection with .the consummation of the transactions authorized hereby do exist, have happened and have been performed in regular and due time, form and manner as required by law, and the Connnission is now duly authorized and empowered, pursuant to each and every requirement of law, to authorize the execution and delivery of the Swap Agreement, for the purposes, in the manner and upon the terms provided; US_WEST260033446.4 43124-2 BA4(13A4 5 272 NOW THEREFORE, THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION RESOLVES AS FOLLOWS: Section 1. Recitals. The Commission finds and determines that the foregoing recitals are true and correct. Section 2. Findings Pursuant to Government Code. Pursuant to Section 5922 of the Government Code, the Commission hereby finds and determines that each of the swap agreements described herein is being entered into in connection with, or incidental to, the issuance or carrying of the Notes or Bonds and are necessary and appropriate to place the Commission's obligations as represented by the Notes or Bonds on the fixed interest rate basis desired by the Commission, ill educe the amount and duration of interest rate risk with respect to the Notes or Bonds, and is designed to reduce the amount or duration of payment, rate, spread or similar risk or result in a lower cost of borrowing when used in combination with the Notes or Bonds. Section 3. Authorization of Swap Agreement. The Commission is hereby authorized to enter into a swap Agreement with one or more of the Counterparties at a fixed rate not to exceed 4.50% per annum against receipt of a floating rate of not less than 65% of one - month LIBOR or a comparable index, which forward swap agreement or agreements shall be in such aggregate notional amount which does not exceed $185,000,000. Section 4. Approval of the Swap Documents. The proposed form of Master Agreement, Schedule, Credit Support Annex and Confirmation, presented to the Commission, and the terms and conditions thereof, which are hereby incorporated by reference, are hereby US_WEST:260033446.4 43124-2 BA4BA4 6 273 approved. The Clerk of the Board of the Commission is directed to file a copy of the proposed form of each of said agreements with the minutes of this meeting, and the Executive. Director of the Commission (the "Executive Director") is authorized and directed to execute and deliver each of said agreements in substantially the form of said agreement presented to this meeting, with such additions thereto or changes therein as the Executive Director may require or approve, the approval of such additions or changes to be conclusively evidenced by the execution and ' delivery of said agreement. Pursuant to Section 5922 of the Government Code, the Commission hereby further finds and determines that it has given due consideration to the creditworthiness of each Counterparty, including the ratings of each Counterparty by nationally recognized rating agencies, in selecting each Counterparty and determining the payment, security, default, remedy, and other terms and conditions contained in the proposed form of Master Agreement, Schedule, Credit Support Annex, and Confirmation_ Section 5. Delegation to Authorized Representative. All consents, amendments, approvals, notices, orders, requests and other actions permitted or required by any of the documents authorized by this Resolution, whether before or after the consummation of the swap transactions, which may be necessary or desirable in connection with any default under or amendment of such documents, settlements or revisions, may be taken or given by the Authorized Representative, without further authorization by this Board, and the Authorized Representative is hereby authorized and directed to give such consent, amendment, approval, notice, order or request and to take any such action which such officer may deem necessary or desirable to further the purposes of this resolution and the transactions contemplated hereby. US_WEST:260033446A 43I24-2 BA4/BA4 274 Section 6. Ratification of Actions; Completion of Financing. Alf actions heretofore taken by the officers and agents of the Commission with respect to the transactions contemplated hereby are herebyratified, confirmed and approved. If at the time of execution of any of the documents authorized herein, the Executive Director is unavailable, such documents may be executed by the Deputy Executive Director of the Commission in lieu of the Executive Director. The Clerk of the Board of the Commission is hereby authorized to attest to the execution by the Executive Director or the Deputy Executive Director of any of such documents as said officers deem appropriate. The proper officers and agents of the Commission are hereby authorized and directed, jointly and severally, for and in the name and on behalf of the Commission, to do any and all things and to take any and all actions and to execute and deliver any and all agreements, certificates and documents, including, without limitation, any tax certificates or agreements, any agreements for depository services, and any agreements for rebate compliance services, which they, or any of them, may deem necessary or advisable in order to carry out, give effect to and comply with the terms and intent of this Resolution and the documents approved hereby. US_WEST:260033446.4 43124-2 BA4BA4 g 275 • Section 7. Effective Date. This Resolution shall take effect immediately upon its adoption and approval. APPROVED AND ADOPTED by the Riverside County Transportation Commission at its meeting on July 12, 2006. ATTEST: By: Clerk of the Board of the Commission US_ WEST:260033446.4 43124-2 BA4BA4 9 By: Chair, Board of Commissioners 276 Interest Rate Swaps Presentation to Riverside County Transportation Commission :Nei)gnats., Mama; Presented by: Theresia Trevino, Chief Financial Officer July 12, 2006 P, &AeDPP a«�m RCTC Financing Program Status ❑ Implemented financing opportunities to advance 2009 Measure A projects • Minimize debt service costs ❑ Established $185 million commercial paper program in 2005 • $30 million issued and outstanding ❑ Anticipate refinancing of commercial paper in 2008 or early 2009 • May include additional debt issuance for projects ❑ Seek increase in $500 million debt limitation ra, July 12, 2006 Page 1 Why Should RCTC Consider Interest Rate Swaps? ❑ Insulate RCTC Financing Program against future interest rate volatility ❑ Manage exposure to changing market conditions in anticipation of bond issuance ❑ Capture current market economics for future debt issue ❑ Take advantage of market opportunities • Relatively low forward premium — flat yield curve • Low overall rate structure [co rr�wrr.ra.m July 12, 2006 Page 2 Current Market Yield Curve Opportunities • General interest rate levels are low • Premium to capture future rates is low Market Yields as of June 26, 2006 _. 4.90% 4.70% - 4.50% 4.30% — Fixed Rate — BMA —67%of LIBOR I _ - e - . 3.60% Note: All .' .. 2007 2008 2009 2010 2011 2013 2016 -in swap curves Include 25 bps for annual fees. 2018 2021 2026 q� a}r�`� July 12, 2006Page a•4e 3 2 I Interest Rate Swap Basics ❑ Business decision, not speculation ❑ Contract between two parties to exchange cash flows • Contract may commence at a future date ❑ One party pays a fixed interest rate ❑ Other party pays a floating/variable interest rate ❑ Payments are based upon a notional amount • Principal amounts are not exchanged ❑ Cash flows are derived from reference to objective indices • London Interbank Offered Rate (LIBOR) • Bond Market Association Swap Index (BMA) 4 July 12, Mb >�+re Page 4 Illustration of Typical Floating -to -Fixed Rate LIBOR Swap Liquidity! Remarketing Fees RCTC Bond Holders Fixed Rate* • Floating Rate** Linked to 67% of LIBOR Counter - party For illustration purposes, assume 4.45%, Including liquidIly/remarketing fees " Relationship between rates could vary weekly Assume that the notional amount of the swap Is $185 million, which approximates the amount of the anticipated commercial paper refinancing In 2008 or early 2009 ..,14.,1*.m4... July 12, 2006 ai.ed.649•619 Page 5 LIBOR Swap Analysis —Example #1 RCTC Has Basis Cost for One Month Notional amount = $185 million ❑ RCTC receives 67% of LIBOR (floating) 3.41 % $525,700 ❑ RCTC pays BMA to bond holders (floating) 3.47% 534,950 ❑ RCTC basis differential = (Cost) 0.06% $ 9,250 ❑ RCTC pays counterparty and liquidity provider/remarketing agent (fixed) 4.45% 686,000 ❑ RCTC net cost of funds for that month 4.51 % $695,250 wy.wrr. July 12, 2006 BEht,'4P Page 6 Illustration of Example #1—Basis Cost Liquidity! Remarketing Fees RCTC Bond Holders 4.45% Fixed 3.41% Floating Counter - party RCTC net payment to counterparty for Month 4695,250 (4.51 %) .ems rrrri..r'r- July 12, 2006 �� Page 7 LIBOR Swap Analysis —Example #2e RCTC Has Basis Gain for One Month Notional amount = $185 million ❑ RCTC receives 67% of LIBOR (floating) ❑ RCTC pays BMA to bond holders (floating) a RCTC basis differential = Gain ❑ RCTC pays counterparty and liquidity provider/remarketing agent (fixed) ❑ RCTC net cost of funds for that month 2.37% $365,400 2.28% 351,500 0.09% $ 13,900 4.45% 686.000 4.36% $672,100 July 12, 2006 Rasp Page 8 Illustration of Example #2—Basis Gain T Liquidity/ Remarketing Fees RCTC O N NJ CO 7 ,e • Bond Holders 4.45% Fixed 2.37% Floating Counter - party RCTC net payment to counterparty for Month 4672,100 (4.36%) 414it 111.rv10i/OS IN July 12, 2006 Page 9 I Putting it in Market Context ❑ Today's 20-year fixed rate is 4.52% ❑ RCTC's net under the first scenario is 4.51 • Annualized savings of approximately $20,000 compared to today's fixed rate ❑ RCTC's net under the second scenario is 4.36% • Annualized savings of approximately $300,000 compared to today's fixed rate ❑ Savings generated by entering into swap would be available for Measure A projects eD :err,.-i.,rm.r July 12, 2006 >c4P Page 10 Swap Risks and Mitigation ❑ Basis • Mismatch between variable rates ❑ Counterparty • Failure of counterparty to perform and make required payments ❑ Termination • Need to terminate agreement before agreement termination date ❑ Tax • Potential tax events that could affect swap payments ❑ Liquidity • Inability to continue or renew liquidity facility ❑ Interest Rate • Occurrence of event modifying credit rating of issuer or counterparty ❑ Rollover • Mismatch between swap maturity and bond maturity „N_D •.nyrra... July 12, 2006 1 Pr Page 11 r Overview of Swap Policy Establishes Guidelines for the use and management of all swap/derivative transactions: ❑ General guidelines • Do not prevent or direct RCTC to take specific actions or enter into agreements ❑ Applicable only to debt -related agreements • Derivatives for investment purposes expressly prohibited in investment policy ❑ Critical component of RCTC's asset/liability management strategy ❑ Annual review of policies/semi-annual valuation July 12, 2006 Page 12 Swap Policy: Managing Risk Exposure ❑ Authority and oversight • Board oversight with approval for each transaction • Structure of swap in accordance with financing objectives and swap policies Executive Director/CFO day-to-day management responsibility ❑ Rationale for swaps Reduce exposure to interest rate changes and expected borrowing costs • Prohibit exotic, speculative, or incompatible risk transactions ❑ Identification and evaluation of risks • Risk measured based on termination value, not notional amount • Maximum portfolio termination value risk limit July 12, 2006 Page 1] Effects of Interest Rate Movements on Swap Termination Value Interest Rate fi Movement Synthetic Fixed Synthetic Floating (RCTC Pays Fixed Rate) (RCTC Pays Floating Rate) Payment Due to Payment Due to RCTC Counterparty Payment Duey Payment Due to Counterparty RCTC • "In the Money" -Party owed payment • "Out of the Money" 4Party owes payment rapmr. July 12, 20116 Page 14 Swap Policy: Managing Risk Exposure (continued) ❑ Structuring and execution • Eligible counterparties • ISDA standard documentation Standard agreement, Schedule, Credit Annex, Confirmation ❑ Counterparty credit exposure • Collateral requirements • Termination provisions ❑ Swap management Monitoring • Reporting/policy compliance • Accounting considerations rCEID\ ..ram............ July @, 2D06 aaaa Page 15 Next Steps for a Swap Transaction ❑ Commission actions on July 12, 2006 • Adopt swap policy and debt management policy changes • Authorize proposed swap transaction for notional amount of $185 million • Approve swap advisor and bond counsel agreements ❑ Bidding process (July/August 2006) ❑ Swap execution with counterparties (August 2006) • Provide Commission with memo within 24 hours ❑ Commission presentation on swap transactions (September 2006) ❑ Discussion of swap policy with rating agencies (November 2006) ❑ Issuance of variable rate debt (2008 or early 2009) ❑ Exchange of swap cash flows (2008 or early 2009 and thereafter) rclao� le namswoodef July 12, 2006 Page 16 Appendix ROTC MI review and consider based on the historical trading differentials between the Indices relevant le the Swap agreement. Basis risk The mismatch between actual vaaable rate debt service and variable rate indices used to determine Swap payments. Defines the risk that the normal relationship between latices or prises might change. Counterparty risk The failure of the Counlerparty to make required payments RCTC will monitor exposure levels, ratings thresholds, and callaterellzation requirements. Termination ask The steed to terminate the Agreement In a market that dictates a termination payment by the issuer ROTC 'will compute its termination exposure for all existing and proposed Swaps at market value and under a wont -case scenario. Tax risk The risk created by potential!. events that could affect Swap payments RCTC will review the tax events In proposed Agreements. RCTC will evaluate the Impact of potential charges In the law of LIBOR indexed Swaps. Liquidity risk TM lnabilay to continue or renew a liquidity facility. RCTC will evaluate the expected availebnny of liquidity support for swapped and unhedged variable rate debt. Interest Rate risk The occurrence of an event modifying the credit rating of the Issuer or its Counterpady. RCTC wall monitor the ratings of its Coo nterpodlas and guarantors. Amortization Risk This type of position is typically a deliberate arbitrage pay or to take advantage of the shape el the yield cove. The risk seated when swap paymanla are based on indices that lie along different pens of the yield curve (e.g. 1-day rates vs year rates) RCTC will evaluate historical trading ralationeltips, and make sure Oo here adequate reserves or a hedging mechanism to offset unexpected moverhants. Rollover/ Mismatch risk The mismatch of the matunty of the Swap and the maturity of the underlying Bonds RCTC will determlne its capacity to Issue variable rota bonds that may be outstanding alter the maturity of the Swap. r® � July 12, 2006 Page 17 MM1gr.....eV.0 9 AGENDA ITEM 11 • REVISION TO AGENDA ITEM 11 Addition noted by Bold Italics, Deletions noted by Strikethrough RIVERSIDE COUNTY TRANSPORTATION COMM/SS/ON DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Hideo Sugita, Deputy Executive Director THROUGH: Eric Haley, Executive Director SUBJECT: Western Riverside County Freeway Strategic Plan STAFF RECOMMENDATION: This item is for the Commission to: 1) Direct staff to develop a comprehensive funding strategy to address how future freeway capacity needs for Western Riverside County can be delivered; the strategy will include but not be limited to the 2009 Measure A delivery plan development, the review and possible implementation of Public/Private Partnerships (PPP), an updated Measure A revenue forecast, participation in the development of criteria for project selection by the California Transportation Commission (CTC) for the infrastructure bonds on the November 2006 ballot, and the development of information necessary to support the potential implementation of a development fee to support freeway improvements; and 2) Request the city of Temecula and the county of Riverside to participate with the Commission on a 1/3 share basis to fund the Phase 1l Western County Freeway Strategic Plan effort. The estimated budget is $750,000; and 3) Direct staff to develop a scope of services and cost with Parsons Brinckerhoff, Quade and Douglas for the development of Phase II work for the Freeway Strategic Study and return to the Commission with the scope and cost proposal for consideration at the September 2006 Commission meeting. BACKGROUND INFORMATION: At the April 13, 2005 Commission meeting, the city of Temecula (City) and the county of Riverside (County) announced the settlement of a lawsuit which began on November 5, 2003 with the City challenging the legality and validity of the County General Plan. The settlement agreement has the City and the County committing to a "major cooperative effort" to provide the transportation infrastructure necessary to support new housing development in Western Riverside County before the creation of actual traffic impacts. As part of the agreement, the City and the County requested the Commission manage a study that would look at future population growth in Western Riverside County and the impacts that may occur on the freeway system. The City and County committed to underwrite the costs of the study. At its May 11, 2005 meeting, the Commission accepted the role of managing the study and at its June 2, 2005 meeting, the Commission awarded a contract for $115,000 to Parsons Brinkerhoff, Quade and Douglas to perform Phase I of the study. The purpose of the Phase I Study was to review the transportation impacts of growth on the Western County freeway system, identify the freeway capacity improvements needed to meet a Level of Service (LOS) "E" operating standard, estimate what amount (percentage of impact) may be attributable to growth and provide a range of cost for the identified capacity improvements. DISCUSS/ON: The study was conducted with a Technical Advisory Committee that included the Western County cities, the County, Building Industry Association, Property Owners Association, etc. The Phase I Study evaluated the projected impact of population growth (2030) and its impact on the freeway system. Based on vehicle trips generated that can be attributed to growth in Western Riverside County, the study projects both a dollar range of the forecasted capacity improvements and jestablishes a percentage estimate of future highway improvement costs that could potentially be attributed to new development (based on the number of trips generated). It is also important to note that this is a very high level feasibility assessment and only provides information which concludes that future population growth has a quantifiable impact on freeway capacity. Study Findings The study identified the entire Western Riverside County freeway system as comprised of 119 segments. An example freeway segment is State Route 91 between Central Avenue and 14th Street. Assuming that the existing improvements under construction will be the only improvements in place by 2015, the projected traffic conditions in year 2030 have 117 out of 119 segments (99%) of the Western Riverside County freeway system operating at a LOS "F" or worse. The assumption on what would be in place by 2015 was limited to existing delivery because the Commission has not established priorities for the 2009 Measure A extension program of freeway projects under its 2009-19 Delivery Plan development effort. Agenda Item 11 The study also projects that 652 lane miles of new freeway capacity is needed in Western Riverside County in year 2030. The cost estimate range to improve the Western Riverside County freeway system to operate at a LOS "E" is currently projected to be in the range of $8.234 billion to $13.346 billion and the cost range does not fully take into account how specific capacity needs may be addressed (e.g. Santa Ana Canyon/SR-91 / Orange County/Riverside County Major Investment Study (MIS); I-215/SR-60 Box Springs Grade; nor does the report take into account a full consideration of the seven freeway to freeway interchange improvements). It is important to note freeway to freeway interchanges also require improvement to accommodate the forecasted traffic flows. Attempting to determine what those improvements may be, as well as costs, can be vexing. As an example, if the Commission looks at what the study projects as future lane needs for 2030 on the 60/215 at Central Avenue/Watkins Drive (Box Springs Road), it identifies 10 additional lanes (five lanes in each direction) are required to meet an assumed LOS "E" operating standard. The 60/215 Box Springs grade is a very narrow canyon. It is comparable to the issue of how to add capacity to SR-91 through the Santa Ana Canyon. The SR-91 discussion under CETAP and the MIS includes discussion of meeting future traffic demand through a combination of horizontal widening + considering the addition of lanes vertically (viaduct) + implementing a new corridor on a new alignment. The 60/215 is similarly constrained like the Santa Ana Canyon. It will be impossible to fit 10 new lanes horizontally on the 60/215 so review of vertical capacity improvement alternativels), as well as, the CETAP Moreno Valley to San Bernardino corridor would likely be considered in a yet to be determined combination. In this example, all of these possible improvements and combinations of improvements will have an impact on what type of freeway to freeway interchange facility is ultimately implemented at the 60/215 East Junction as well as the 60/91 /215 Interchange, which is under construction. The above example can be generally expected to occur at every freeway to freeway interchange location with regard to the lane capacity improvements. As a result, staff working with Caltrans District 8 staff only included "existing need" level of improvement cost projections for the freeway to freeway interchanges in Western Riverside County: As the Commission has become increasingly aware of how difficult it is to predict what projects may cost five years from now, it is likely close to impossible to accurately predict what projects will cost 24 years into the future. Based on the increase in traffic projected in year 2030 the study estimates that roughly 41 % to 44% of future freeway capacity needs can be attributed to new development. Agenda Item 11 In discussions with the technical committee that participated in the study effort, the primary recommendation is that the Commission should develop a comprehensive strategy to address future freeway capacity needs. At this time, the Commission is working on a Delivery Plan for the 2009 Measure A extension, a Public/Private/Partnership (PPP) program, updating the Measure A revenue forecast and the state has placed a $19.9 billion infrastructure bond on the November 2006 ballot. As to the status of the noted efforts, staff is involved in the development of project selection criteria for the bond program(s), the Measure A revenue forecast is almost complete, the criteria for prioritizing the 2009 Measure A projects have been generally identified and Bechtel along with staff is developing/collecting project level data for each of the Measure A projects. Lastly, Caltrans is working on four project study reports (PSR) that support the Commission's delivery plan development efforts and the anticipated completion of the PSRs is early September 2006. While the Phase I effort of the Freeway Strategic Plan was fully funded by the City and the County, the recommendation of the Technical Advisory Committee involves adding another element of performing a more detailed review of the Western County freeway system including modeling the TUMF regional arterial network with the freeway system and perhaps also take into account refinements which may be necessary to better delineate the freeway to freeway interchange improvement requirements as well as CETAP corridors. While it will likely be politically challenging to determine what the solution to the Box Springs grade by including consideration of the Moreno Valley to San Bernardino CETAP corridor, those specific challenges would be addressed at a later date. Staff is in agreement with the Technical Advisory Committee recommendation that the Commission develop a comprehensive strategy to address future freeway needs. Staff also believes that this is the time to move forward with this effort given all of the other efforts previously identified that are currently underway or awaiting voter approval on the November ballot. If there is to be a Phase II effort, the questions are what should Phase II be and who should pay for it. Per the direction of the study effort, as generally delineated by the settlement agreement between the City and the County, the next step may be for the Commission to undertake a Phase II effort which develops documentation necessary to support a potential development fee. This is obviously a controversial subject but the forecasted range of cost to address year 2030 freeway capacity needs will result in a gap between forecasted available funding and future needs. The irony of this recommendation is that the Commission and Caltrans are the cognizant local agencies responsible for planning Agenda Item 11 and delivering freeway capacity improvements, but have no land use authority. While the cities and the County have been successful in creating TUMF programs in the Coachella Valley and Western County, there has been a direct incentive for participating in the TUMF programs due to the loss of Measure A local return funds from those agencies who do not participate. This potential freeway fee program has no such incentive/disincentive attached to it and it would be an independent decision by each of the 14 Western County cities and the County as to whether or not a fee should be assessed for this purpose. Irrespective of that condition, this study, apparently a first of its kind, delineates that growth has an impact on freeway capacity and the precedent setting Phase I study identifies a "fair share" percentage of future freeway capacity improvements attributable to the impact of growth. Staff also suggests that given recent cost trends for the delivery of freeway projects and the known universe of project funding sources, this study and the potential follow on work in developing a "comprehensive freeway funding strategy" will demonstrate that our needs far 'exceed our means and the cost of not considering the potential of a fee on new 'development will only place the Commission "further behind the curve" in its efforts to address freeway capacity needs in Western Riverside County. Attachment*: Western Riverside County Freeway Strategic Study, Phase I, Feasibility Study, Technical Memorandum * Due to the size of the attachment, a copy will be provided with Commissioner Agendas only. The document is available for review at the RCTC offices. Agenda Item 11 I. ii014113M3N121967 _ z II asIDyd ao) suoNDpuatuuuo3011 suogdo Buupund spaaN gpuoRIPPV suompuo3 Aomeem • I aso4d jo &wised p asoyd jo asodind ApniS jo asodhnd puotuep 19.A0.14 )(MIAOW" UO LIIIV10.16 uogoindod MOU 13DdLUI animal wit eiou.ijxwddy tuo1Boid uottoBmw lanais J101, o Bumf's:lope jo Athigpoej eye' Bupsnosfp .101 SPOCI SD /Awe.' Jena' LiBILII, o eieldwoo Future Daily Level of Service (SCAG 2030 Model) • r 2030 Daily LOS F (Pos essed Forecasts r LOS E �rbetter (V/C 1'f" It LOS F /C>1.000) r i •+�-Otter. ajor,RoaCs ` . - [;1County? `, DAILY VEHICLE MILES OF TRAVEL ON FREEWAY SEGMENTS IN WESTERN RIVERSIDE COUNTY 13,672,444 31,113,875 17,441,437 128% 5 RCTC Freeway Strategic Study - Phase 1 Year 2030 Additional Lanes Needed by Direction to Achieve LOS E 6 TOTAL WEIGHTED PASS -THROUGH PORTION (Pass -Through Portion Plus Half of Partial Pass -Through Portion) 7 New Development Shore SHARE ATTRIBUTABLE TO NEW DEVELOPMENT 8 6 14» wtr #r 17# r 4 /43 '"4 ' ' 1 • (sdp; q6nomp-ssed pus peed upspcs q pampas sdp; ;4) ohoo;) H11110110 0J. alevi.nelau.v 3111/HS 1111rd 01, no Afuna speoLl 1^1-194u pue6e otel.s saBuetionnui f pa;ou ssaluro saepop suom u+) 0£0Z211/3A NI 3 3O1 3A3111011 Ol 3311/W1133 1303 301111NOVW-dO11131:121O 6� puowep AcN►aall aaninj pew of papaau uo1111q £'£ L$ o4 u01111q ret ARIawixoiddd z� puowap d©Maaq ainwnl pew o; papaau uollllq Lt o; uolinq ret Amowpcoaddd • EL II amid ui passaappo aq paau wit sanssi /Wow spaau Romee4 pew spolla Bu!au° aayllaBoi aid o anuguoo o} spaau polls ayl sonnaaaj ano ao paau am }oyNto asuas pooh o sapinoad asoyd Nsuoit puo pimp° Japisuo0 quewemndiuul JOP11100 dyin Japisuop SISO3 PerOild logue4od aupp seBuoLpiewi Buipnpui queweAcudwl Bugaidwoo jo Ancilsoal aulumelea speeu aan n Jo wewssesso penolep 0.110U1 o eleidwoo 94 `"_ = volsslrwumol uolromodsrasZ — — .iruncamijsaala spaau ADAkeaa} ssaappo GI Malmo pegmBatui up doIanaa • sdiysaaupod alpniad oiignd . suoparoad Buipuni d aansoew pasiAad . emoigui puog aaquianoN • semunpoddo Buipuni ionualod 110 Nonpn3 • suo, opuawwooes 11 esaqd 96 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Hideo Sugita, Deputy Executive Director THROUGH: Eric Haley, Executive Director SUBJECT: Western Riverside County Freeway Strategic Plan STAFF RECOMMENDATION_ This item is for the Commission to discuss with possible action/direction. BACKGROUND INFORMATION At the April 13, 2005 Commission meeting, the city of Temecula (City) and the county of Riverside (County) announced the settlement of a lawsuit which began on November 5, 2003 with the City challenging the legality and validity of the County General Plan. The settlement agreement has the City and the County committing to a "major cooperative effort" to provide the transportation infrastructure necessary to support new housing development in Western Riverside County before the creation of actuattraffic impacts. As part of the agreement, the City and the County requested the Commission manage a study that would look at future population growth in Western Riverside County and the impacts that may occur on the freeway system. The City and County committed to underwrite the costs of the study. At its May 1 1 , 2005 meeting, the Commission accepted the role of managing the study and at its June 2, 2005 meeting, the Commission awarded a contract for $115,000 to Parsons Brinkerhoff, Quade and Douglas to perform Phase I of the study. The purpose of the Phase l Study was to 'review the transportation impacts of growth on the Western County freeway system, identify the freeway capacity improvements needed to meet a Level of Service (LOS) "'E" operating standard, estimate what amount (percentage of impact) may be attributable to growth and provide a range of cost for the identified capacity improvements. DISCUSSION: The study was conducted with a Technical' Advisory Committee that included the Western County cities, the County, Building Industry Association, Property Owners Association; etc. The Phase I Study evaluated the projected impact of population growth (2030) and its impact on the freeway system. Based on vehicle trips Agenda item 11 277 generated that can be attributed to growth in Western Riverside County, the study projects both a dollar range of the forecasted capacity improvements and establishes a percentage estimate of future highway improvement costs that could potentially be attributed to new development (based on the number of trips generated). It is also important to note that this is a very high level feasibility assessment and only provides information which concludes that future population growth has a quantifiable impact on freeway capacity. Study Findings The study identified the entire Western Riverside Countyfreeway system as comprised of 119 segments. An example freeway segment is State Route 91 between Central Avenue and 14`h Street. Assuming that the existing improvements under construction will be the only improvements in place by 2015, the projected traffic conditions in year 2030 have 117 out of 119 segments (99%) of the Western Riverside County freeway system operating at a LOS "F" or worse. The assumption on what would be in place by 2015 was limited to existing delivery because the Commission has not established priorities for the 2009 Measure A extension program of freeway projects under its 2009-19 Delivery Plan' development effort. The study also projects that 652 lane miles of new freeway capacity is needed in Western Riverside County in year 2V30. The cost estimaterange to improve the Western Riverside County freeway system to operate at a LOS "E" is currently projected to be in the range of $8.234 billion to $13.346 billion and the cost range does not fully take into account how specific capacity needs may be addressed (e.g. Santa Ana Canyon/SR-91/ Orange County/Riverside. County Major Investment Study (MIS); 1-215/SR-60 Box Springs Grade; nor does the report take into account a full consideration of the seven freeway to freeway interchange improvements). It is important to note freeway to freeway, interchanges also require improvement to accommodate the forecasted traffic flows. Attempting to determine what those improvements may be, as well as costs, can be vexing. As an example„ if the Commission looks at what the study projects as future lane. needs for 2030 on the 60/215 at Central Avenue/Watkins Drive (Box Springs Road),it identifies 10 additional lanes (five lanes in each direction) are required to meet an assumed LOS "E" operating standard: The 60/215 Box Springs grade is a very narrow canyon. It is comparable to the issue of how to add capacity to SR-91 through the Santa Ana Canyon. The SR-91 discussion under CETAP and the MIS includes discussion of meeting future traffic demand through a combination of horizontal widening + considering the addition of lanes vertically (viaduct) + implementing a new corridor on a new. alignment. The 60/215, is similarly constrained like the Santa Ana Canyon. It will be Agenda Item 11 278 impossible to fit 10 new lanes horizontally on the 60/215 so review of vertical capacity improvement alternative(s), as well as, the CETAP Moreno Valley to San Bernardino corridor would likely be considered in a yet to be determined combination. In this example, all of these possible improvements and combinations of improvements will have an impact on what type of freeway to freeway interchange facility is ultimately implemented at the 60/215 East Junction as well as the 60/91 /215 Interchange, which is under construction. The above example can be generally expected to occur at every freeway to freeway interchange location with regard to the lane capacity improvements. As a result, staff working with Caltrans District 8 staff only included "existing need" level of improvement cost projections for the freeway to freeway interchanges in Western Riverside County: As the Commission has become increasingly aware of how difficult it is to predict what projects may cost five years from now, it is likely close to impossible to accurately predict what projects will cost 24 years into the future. Based on the increase in traffic projected in year 2030 the study estimates that roughly 41 % to 44% of future freeway capacity needs ,can be attributed to new development. In discussions with the technical committee that participated in the study effort, theprimary recommendation is that the Commission should develop a comprehensive strategy to address future freeway capacity needs. At this time, the Commission is working on a DeliVery Plan for the 2009 Measure A extension, a Public/Private/Partnership (PPP) program, updating the Measure A revenue forecast and the state has placed a $19.9 billion infrastructure bond on the November 2006 ballot. As to the status of the noted efforts, staff is involved in the development of project selection criteria for the bond program(s), the Measure A revenue forecast is almost complete, the criteria for prioritizing the 2009 Measure A projects have; been generally identified and Bechtel along with staff is developing/collecting project level data for each of the Measure A projects. Lastly, Ca!trans is working on four project study ;reports (PSR) that support the Commission's delivery, plan development efforts and the anticipated completion of the PSRs is early September 2006. While the Phase f effort of the Freeway Strategic Plan, was fully funded by the City and the County, the recommendation of the. Technical Advisory Committee involves adding another element of performing a more detailed review of the Western County freeway system including modeling the TUMF regional arterial network with the freeway system and perhaps also take into account refinements which may be necessary to better delineate the freeway to freeway interchange improvement requirements as well as CETAP corridors. While it will likely be Agenda Item 11 279 politically challenging to determine what the solution to the Box Springs grade by including consideration of the Moreno Valley to San Bernardino CETAP corridor, those specific challenges would be addressed at a later date. Staff is in agreement with the Technical Advisory Committee recommendation that the Commission develop a comprehensive strategy to address future freeway needs. Staff also believes that this is the time to move forward with this effort given all of the other efforts previously identified that are currently underway or awaiting voter approval on the November ballot. If there is to be a Phase ll effort, the questions are what should Phase II be and who should pay for it. Per the direction of the study effort, as generally delineated - by the settlement agreement between the City and the County, the next step may be for the Commission to undertake a Phase II effort which develops documentation necessary to support a potential development fee_ This is obviously a controversial subject but the forecasted range of cost to address year 2030 freeway capacity needs will result in a gap between forecasted available funding and future needs. The irony of this recommendation is that the Commission and Caltrans are the cognizant local agencies responsible for planning and delivering freeway capacity improvements, but have no land use ,authority. While the cities and the County have been successful in creating TUMF programs in the Coachella Valley and Western ounty, there has been a direct incentive for participating in the TUMF programs d e to the loss of Measure A local return funds from those agencies who do not participate. This potential freeway fee program has no such incentive/disincentive attached to it and it would be an independent decision by each, of the 14 Western County cities and the County as to whether or not a fee should be assessed for this purpose. Irrespective of that condition, this study, apparently a first of its kind, delineates that growth has an impact on freeway capacity and the precedent setting Phase study identifies a "fair share" percentage of future freeway capacity improvements attributableto the impact of growth. Staff also suggests that given' recent cost trends for the delivery of freeway projects and the known universe of project funding sources, this study , and the potential follow on work in developing a "comprehensive freeway funding strategy" will demonstrate that our needs far exceed our means and the cost of not considering the potential of a fee on new development will only place the Commission "further behind the curve" in its efforts to address freeway capacity needs in Western Riverside County. Attachment: Western Riverside County Freeway Strategic Study, Phase Feasibility Study, Technical 'Memorandum * Due to the size of the attachment, a copy will be provided' with Commissioner Agendas only: The document is available for review at the RCTC offices. Agenda Item 11 280 r is •s-'^ 6 WESTERN RIVERSIDE COUNTY FREEWAY STRATEGIC PLAN PHASE I - FEASIBILITY STUDY TECHNICAL MEMORANDUM Prepared for Riverside County Transportation Commission In Cooperation with City of Temecula County of Riverside Prepared by Parsons Brinckerhoff Quade & Douglas, Inc. Draft: May 10, 2006 TABLE OF CONTENTS 1.0 INTRODUCTION AND PURPOSE OF THE FREEWAY STRATEGIC PLAN 1 2.0 EXISTING FREEWAY CAPACITIES AND DEFICIENCIES 3 2.1. Existing Freeway Characteristics 3 2.1.1. Western Riverside County Freeway System 3 2.1.2. Existing Freeway Capacities 3 2.1.3. Existing Freeway Traffic 6 2.2. Existing Freeway Levels of Service 9 3.0 FORECAST FUTURE FREEWAY TRAFFIC GROWTH 16 3.1. Demographic Change for Western Riverside County 16 3.2. Future Freeway Traffic Conditions 17 3.2.1. Future Freeway Volumes 18 3.2.2. Future Freeway Capacities 22 3.2.3. Future Freeway Level of Service 25 3.2.4. Portion of Deficiency Attributable to Growth versus Existing Need 28 3.2.5. Portion of Deficiency Attributable to Growth Inside versus Outside Western Riverside 33 3.3. Future Freeway Improvement Needs 37 3.4. Order of Magnitude Improvement Costs 43 4.0 GROWTH SHARE ATTRIBUTABLE TO NEW DEVELOPMENT 47 4.1. Quantifying Future Freeway Deficiency 47 4.2. "Fair Share" Methodology 47 4.2.1. Subtract Existing Need 48 4.2.2. Subtract Portion Attributable to Development Outside Western Riverside 48 4.2.3. Fair Share 52 4.3. "Fair Share" Attributable to New Development Inside Western Riverside 54 5.0 FINDINGS AND RECOMMENDATIONS 62 5.1. Available Funding Sources and Funding Shortfall 62 5.2. Freeway Strategic Plan Feasibility 64 5.3. Recommendations for Next Steps 65 APPENDICES Appendix A Existing Conditions Data Table Appendix B Future Year 2030 Conditions Data Table Appendix C Model Validation Analysis RCTC i Draff: Mav 10. 2006 LIST OF TABLES Table 2-1 Freeway Capacity Values 4 Table 2-2 LOS Thresholds 11 Table 2-3 Passenger Car Equivalent Factors 12 Table 2-4 VMT on Freeway Segments 13 Table 3-1 Population, Household, and Employment Growth in Western Riverside 16 Table 3-2 Existing versus Future VMT 28 Table 4-1 Fair Share of Deficiency (PCE) 56 Table 4-2 Fair Share of Deficiency (Lanes) 58 Table 4-3 Fair Share of Deficiency (Lane -Miles) 60 LIST OF FIGURES Figure 2-1 Existing Number of Lanes 5 Figure 2-2 Existing Volumes 7 Figure 2-3 Existing Truck Percents 8 Figure 2-4 Freeway Level of Service Illustrations 10 Figure 2-5 Existing Daily LOS 14 Figure 2-6 Existing Daily LOS F 15 Figure 3-1 Population, Household, and Employment Growth in Western Riverside 17 Figure 3-2 Year 2030 Daily Volumes 19 Figure 3-3 Daily Volume Growth 20 Figure 3-4 Year 2030 Truck Percents 21 Figure 3-4 Year 2030 Lanes 23 Figure 3-5 Future versus Existing Lanes 24 Figure 3-6 Year 2030 LOS 26 Figure 3-7 Year 2030 LOS F 27 Figure 3-8 Existing Need Percent 31 Figure 3-9 Percent Attributable to Growth 32 Figure 3-10 Pass -Through Portion 35 Figure 3-11 Partial Pass -Through Portion 36 Figure 3-12 Existing Number of Lanes 38 Figure 3-13 Future versus Existing Lanes 39 Figure 3-14 Future Lanes 40 Figure 3-15 Improvement Needs 41 Figure 3-16 Future Lanes Plus Improvement Needs 42 Figure 3-17 Order -of -Magnitude Cost Estimates 46 Figure 4-1 Existing Need Percent 50 Figure 4-2 Total Weighted Pass -Through Portion 51 Figure 4-3 Fair Share Percentage 53 RCM ii Draft: Mav 10, 2006 1.0 INTRODUCTION AND PURPOSE OF THE FREEWAY STRATEGIC PLAN Western Riverside County is growing at a pace exceeding the capacity of existing financial resources to meet demand for transportation infrastructure. Despite recent accomplishments with the passage of the Measure A Reauthorization in November 2002 and the implementation of the Transportation Uniform Mitigation Fee program starting in 2003, it is recognized that sufficient funding to address all of the area's transportation funding needs into the future does not exist. This is particularly the case for the freeway system in Western Riverside County where existing needs, anticipated future growth and the continued increase in land and material costs exceed the capability of current local, state and federal programs to meet future funding needs. The projected growth in Western Riverside County (doubling the population in 30 years) can be expected to significantly increase congestion and degrade mobility if substantial investments are not made in the transportation infrastructure. This challenge is especially critical for the freeway system which represents an insufficient backbone for the area's transportation system and is recognized as an essential element of the regional economy. Further increases in congestion and degradation in mobility on the freeway system will have a considerable impact on the economy and overall quality of life in Western Riverside County. The primary purpose of the study is to assess the cumulative regional impact of new development on the freeway system in Western Riverside County as part of an overall approach to addressing the anticipated shortfall in freeway funding needs. This technical memorandum represents a first step in the process of considering the implementation of an unprecedented approach to addressing development impacts on the regional freeway system. This Phase I effort involves using the Southern California Association of Governments' (SCAG) regional transportation model to differentiate the impact of existing transportation deficiencies on the western county freeway system and approximate the relative impact of new population growth and its projected future travel demand on the freeway system. This Phase I effort is a "high level" review resulting in data upon which a discussion on the feasibility of establishing a 'fair share' mitigation fee program to support the implementation of freeway improvements necessary to mitigate the traffic impacts of new development can take place. Key tasks associated with Phase I of the Freeway Strategic Plan include: 1. An examination of current freeway capacities and deficiencies 2. Forecasting projected freeway traffic growth for the year 2030 3. Identifying future freeway deficiencies and order of magnitude improvement costs 4. Reviewing available funding sources to determine the approximate freeway improvement funding shortfall 5. Determining the percentage of freeway traffic growth that could be attributable to new development The results of this phase I effort will determine the feasibility of establishing a traffic impact mitigation fee to address the freeway impacts of new development. If RCTC 1 Draff: Mav 10. 2006 determined to be feasible, subsequent phases would be required to quantify in detail the freeway improvement needs and associated costs to mitigate the impacts of new development, more accurately identify current funding sources and funding shortfall, prioritize the implementation of freeway improvements and, if appropriate, establish the nexus for a new freeway traffic impact mitigation fee consistent with the requirements of the State of California Mitigation Fee Act. RCTC 2 Draft: May 10, 2006 2.0 EXISTING FREEWAY CAPACITIES AND DEFICIENCIES The purpose of this section is to provide an inventory of existing conditions data leading to the identification of existing freeway system deficiencies. The development of a detailed inventory of existing freeway characteristics and traffic conditions data is essential to understand the nature of traffic operations on the existing freeway system and will serve as the basis for reviewing the impacts of future traffic growth. Appendix A contains a detailed table of the data and analysis described in this section. 2.1. Existing Freeway Characteristics 2.1.1. Western Riverside County Freeway System The Western Riverside County freeway system consists of about 170 miles of roadway spanning the length and width of the region. It contains three north -south corridors (I- 15, SR71, and 1-215), as well as three primarily east -west corridors (1-10, SR60, and SR91). These freeways intersect one another in seven freeway -to -freeway interchanges. The freeways also intersect the arterial network at approximately 106 freeway -to -arterial interchanges. To aid in the analysis, the freeway system was broken down into study segments defined by the freeway -to -freeway and freeway -to -arterial interchange locations. This resulted in a total of 119 study segments. The length of each study segment depended on the proximity of the two interchanges defining it. Lengths ranged from about one- third of a mile to six miles, with the longest study segment being on SR60 between the Gilman Springs and Jack Rabbit interchanges. The figures in the upcoming sections illustrate the Western Riverside County freeway system, the interchange locations, and the resulting 119 study segments. 2.1.2. Existing Freeway Capacities Capacity analysis is a set of procedures for estimating the traffic -carrying ability of facilities. It is a tool for assessing existing facilities, as well as planning and designing improved facilities. One of the first steps in the Freeway Strategic Study was to assess the capacity of the existing Western Riverside County freeway system. Capacity is defined as the maximum number of vehicles that a facility can accommodate with reasonable safety during a specified time period. The capacity of a certain freeway section is the product of the number of lanes on that section and a standard capacity -per -lane factor. A field survey of the number of lanes on the existing freeway system was conducted in September, 2005. The number of through lanes between interchanges was noted for each segment. In order to identify capacity choke -points, the minimum number of lanes between interchanges was identified. For example, if a segment between A RCTC 3 Draft: Mav 10. 2006 Street and B Street started with 5 lanes, tapered to 4 lanes, and then widened again to 6 lanes, 4 lanes were recorded for this segment since 4 lanes would represent the limiting capacity for the segment, defining the maximum through -put possible. Figure 2-1 illustrates the number of lanes data collected during the September, 2005 field survey. As seen in the figure, the number of lanes per direction ranges from 2 to 6. This lane count includes high occupancy vehicle (HOV) lanes and auxiliary lanes provided they are continuous from one end of the study segment to the other. HOV lanes are the exclusive bus and carpool lanes commonly located closest to the freeway median. Sections of the SR60 and SR91 currently contain HOV lanes. Auxiliary lanes extend between interchanges providing on -ramp to off -ramp traffic additional time and space to merge and diverge with the mainline traffic. Auxiliary lanes are present at various locations throughout the freeway system and are generally the cause of the jumps in lane count shown in Figure 2-1. Next, the lane count per segment was combined with a standard capacity -per -lane factor in order to develop a capacity estimate for each study segment. The Riverside County General Plan, Circulation Element contains capacity -per -lane factors that are standard for Riverside County freeways. Table 2-1 lists these capacity values. They are in units of daily vehicles per lane and range from 19,125 to 20,060 depending on the total number of lanes on a given cross-section. For example, a freeway segment with three lanes per direction would have a capacity of 19,583 vehicles per lane per day. Table 2-1 Freeway Capacity Values Freeway Capacity Values Number of lanes (per direction) Per Lane Capacity Value (daily) 1 19,125 2 19,125 3 19,583 4 20,060 5+ 20,060 source: Riverside County General Plan Circulation Element RCTC 4 Draft: Mav 10. 2006 Figure 2-1 Existing Number of lanes RCTC Freeway Strategic Plan Existin Number of Lanes b Direction RCTC Freeway Strategic Plan - Phase I 5 Draff: May 10, 2006 2.1.3. Existing Freeway Traffic Traffic volumes are a key piece of data used in combination with the capacity analysis to analyze the existing performance of the freeway system. Loop detectors embedded in the freeway pavement and maintained by Caltrans collect volume data 24-hours, every day. Analysis of this data shows that daily volumes fluctuate from day to day and season to season due to factors such as accidents, weather, school schedules, and tourist seasons. Averaging the daily volumes over a one year period provides a generalized value for daily traffic. Caltrans prepares a summary of annual average daily volumes on freeway segments each year. At the time this analysis was conducted, 2004 was the most recent year available. Figure 2-2 shows the annual average daily volumes on the study segments as provided in "Caltrans Annual Average Daily Traffic on the California State Highway System, 2004". Annual average traffic volumes ranged from about 45,000 to 270,000 across the 119 study segments. As can be seen in the figure, the lowest volumes occur on the southern portion of 1-215 and the eastern portion of SR60. The highest volumes can be seen on the western portion of SR91. In addition to total daily volume, truck volumes and percents are also of interest when examining the performance of the existing freeway system. Since trucks are generally slower and require more capacity than standard passenger vehicles, special adjustments are made to account for the effect of trucks when analyzing existing freeway performance. Caltrans collects truck volumes and calculates the percentage of trucks annually on a limited set of freeway segments. At the time this analysis was conducted, 2004 was the most recent set available as in the case of total daily volumes. Figure 2-3 shows the annual average percent of total daily vehicles that are trucks, as provided in "Caltrans Annual Average Daily Truck Traffic on the California State Highway System, 2004". Since Caltrans collects truck data for a limited set of freeway segments, for some study segments truck percents were approximated based on data from the nearest and most similar segment for which data was available. The percent of total daily vehicles that are trucks ranges from 5% to 19% across the 119 segments. The highest truck percentages occur on the eastern 1-10 freeway segments. Applying the percent trucks in Figure 2-3 to the total daily vehicles in Figure 2-2 produces the daily number of trucks. This value ranges from about 4,000 to about 26,000 trucks. RCTC 6 Draft: May 10. 2006 Figure 2-2 Existing Volumes RCTC Freeway Strategic Plan Existing Volumes Ca!trans 2004) F�clstingNolumes on StudylOgments (CaItrari81004i _e. BOKvehid s 4 A4 �80K+ 80{ velvdes . 91 16UK io 240K`ehiGes' Aid: 112491Ct-320K vehicles"' — Otf erg ato,Rind rrs . RCTC Freeway Strategic Plan - Phase 1 7 Draft: May 10, 2006 '< nyna in asangaPercem�Trucks on S't_, s clyiS ti'm (Galtrans,2004) 0%,to 5%. • " 5Wt 0% o- = ito415%; }= 15,% to*204°k.# ®20 to;25% , O� th rMa rRosy m Figure 2-3 Existing Truck Percents RCTC Freeway Strategic Plan Existing Truck Percents (Caltrans 2004) Wen -We r�:wMnmra, c� RCTC Freeway Strategic Plan - Phase 1 8 Draft: May 10, 2006 2.2. Existing Freeway Levels of Service Freeway performance is commonly described by planners and engineers in terms of a measure called Level of Service (LOS). LOS is a letter grade ranking that describes how well a roadway operates. LOS ranges from A to F with LOS A being the best operating condition possible and LOS F being the worst, as described in more detail below. Figure 2-4 illustrates a typical freeway under each of the six LOS grades A through F. • LOS A on freeways describes primarily free -flow operations. Average operating speeds at the free -flow speed generally prevail. Vehicles can maneuver within the traffic stream unimpeded. • LOS B represents almost free -flow conditions and free -flow speeds. The ability to maneuver within the traffic stream is only slightly restricted, and the general level of physical and psychological comfort provided to drivers is still high. • LOS C provides for flow with speeds still at or near the free -flow speed of the freeway. Freedom to maneuver within the traffic stream is noticeably restricted at LOS C, and lane changes require more vigilance on the part of the driver. • LOS D is the level at which speeds begin to decline slightly with increasing flows. In this range, increased traffic volume begins to have a noticeable effect on speed. Freedom to maneuver within the traffic stream is further limited, and the driver experiences reduced physical and psychological comfort levels. Even minor incidents can be expected to create queuing, because the traffic stream has little space to absorb disruptions. • LOS E on freeways is the value that corresponds to the maximum flow rate, or capacity, on the facility. Operations in this level are volatile, because there are virtually no usable gaps in the traffic stream. • LOS F on freeways represents a stop and go, low speed conditions with little or poor maneuverability. Speed and traffic flow may drop to zero and considerable delays occur. LOS F is further sub -classified with respect to the relative duration of delay. RCTC 9 Draft: May 10, 2006 Freeway Sirateaic Plan - Phase I Figure 2-4 Freeway Level of Service Illustrations LOS A LOS C LOS E M. LOS B LOS D LOS F Source: Highway Capacity Manual2000, Illustrations 13-5 through 13-10 RCTC Freeway Strateaic Plan - Phase 1 10 Draft: May 10, 2006 The LOS grade for a given freeway segment is assigned based on a mathematical estimate of operating conditions. There are various methodologies for developing this mathematical estimate depending on the level of detail desired (operational, design, or planning analysis), the quality of information available, local standards, preferences, as well as various other factors. For the planning level analysis supporting this study, a volume -to -capacity (V/C) analysis was performed. The ratio of daily volume to daily capacity was computed for each of the 119 study segments using the volumes and capacities described in the previous sections. These V/C ratios were then converted into LOS grades using the correspondence outlined in Table 2-2. The correspondence shown in Table 2-2 is consistent with the Highway Capacity Manual - 2000 edition (HCM 2000) which sets the standard for highway capacity analysis. Table 2-2 LOS Thresholds Freeway Segment Level of Service Thresholds Level of Service Volume to capacity range (at 65 mph FFS) A < 0.301 B 0.301 - 0.500 C 0.501 -0.710 D 0.711 - 0.890 E 0.891 - 1.000 F D 1.000 source: HCM 2000, Exhibit 23-2 LOS F is often broken down into four sub -categories: F0, F1, F2, and F3 in order to better distinguish between degrees of congestion. They are defined as follows: • LOS FO (V/C range: 1.001-1.250) Heavy congestion, long queues form behind breakdown points, stop and go. • LOS Fl (V/C range: 1.251-1.350) Very heavy congestion, very long queues. • LOS F2 (V/C range: 1.351-1.450) Extremely heavy congestion, longer queues, more numerous breakdown points, longer stopped periods. • LOS F3 (V/C range: >1.4501 Gridlock As alluded to earlier, special adjustments were made for trucks during the V/C analysis since trucks consume more capacity than a typical automobile. In particular, trucks, compared to a typical passenger car, create longer and more frequent gaps of excessive length both in front of and behind them due to slower acceleration and deceleration ability and reduced overall performance when compared to RCTC 11 Draft: May 10. 2006 automobiles. The speeds and spacing of vehicles in lanes adjacent to trucks are affected by their presence. Finally, the physical space taken up by a truck is typically two to three times greater in terms of length than that taken up by a typical passenger car. In order to account for these effects in the V/C analysis, trucks were converted into passenger -car -equivalents (PCE). This was done by multiplying the number of trucks by a PCE factor, and thus converting the daily volume into passenger -car -equivalents before dividing by the capacity. The PCE factor depends on the proportion of heavy vehicles in the traffic stream as well as the length and severity of the upgrade and downgrade. Table 2-3 shows some typical PCE factors used in planning level analysis as prescribed in the HCM 2000. Most of the 119 study segments were classified as "level" terrain which corresponds to a PCE factor of 1.5 as shown in Table 2-3. In other words, every truck was considered to consume as much capacity as one and a half passenger cars. The seven study segments listed below were assumed to have "rolling" terrain with a corresponding PCE factor of 2.5. • 1-10 Main to Verbenia • 1-15 SR 79 (Indio) to County Line • 1-15 Ontario to Magnolia • SR 60 Gilman Springs to Jack Rabbit • 1-215 Box Springs to Central • 1-215 Central to El Cerrito • 1-215 El Cerrito to MLK Table 2-3 Passenger Car Equivalent Factors Passenger Car Equivalents on Freeway Segments Type of Terrain Factor Level Rolling Mountainous Et (trucks and buses) ', 1.5 23 , .:; 4.5 Er (Recreational Vehicles) 1.2 2.0 4.0 source: HCM 2000, Exhibit 23-8 Figure 2-5 illustrates the results of the LOS analysis for the 119 study segments. As can be seen in the figure, the majority of segments on the 1-15, SR91, and 1-215 are at LOS F, while most of the I-10, SR60, and SR71 segments are at LOS C or D. The distinction between segments at LOS F and segments at LOS E or better is of particular relevance, because LOS E is the minimum operating condition considered "acceptable" for a freeway segment in Riverside County, as defined by the Congestion Management Program (CMP) for Riverside County. In other words, segments operating at LOS F are considered to be at an "unacceptable" level of service and therefore are in imminent need of improvement. Figure 2-6 highlights the distinction between RCTC 12 Draft: Mav 10, 2006 segments at an "acceptable" and "unacceptable" level of service. Segments at an unacceptable LOS F are shown in red, while other segments are shown in green. Overall, 69 of the 119 study segments, or 58%, operate at LOS F under existing conditions. Of these 69 segments at LOS F there are 42 segments at LOS F0, 12 segments at LOS Fl, 8 segments at LOS F2, and 7 segments at LOS F3. Another system -wide perspective is to calculate the vehicle -miles of travel (VMT) on segments at LOS F. The number of vehicle -miles traveled on a particular segment is a measure of the cumulative distance traveled by all vehicles using that particular segment over 24 hours. VMT is calculated as the product of the length of that segment and the daily volume on that segment. As seen in Table 2-4, a total of about 21 million vehicle -miles are traveled on the 119 study segments. Isolating the VMT for the 69 segments at LOS F shows that about 14 million of the 21 million VMT, or 65%, are on segments operating at LOS F. Table 2-4 VMT on Freeway Segments Vehicle Miles of Travel on Freeway Segments Year VMT VMT at LOS F % VMT at LOS F 2004 20,960,532 13,672,444 illkylilli RCTC 13 Drab: May 10, 2006 Figure 2-5 Existing Daily LOS RCTC Freeway Strategic Place Existing Daily Level of Service Caltrans 2004 "rE Exist ngpaily L'OS s oar, ayuSiegin (C81'7: 2004) I L•� ;G or, better (V!C <— 0.7191 0710 V/C < Q 899), ? Eigo BL0.S F �ICs 1,:000 `+ r Cher ejor Roads ,rat. HG,c.. G RCTC Freeway Strategic Plan - Phase I 14 Draft: May 10, 2006 Figure 2-6 Existing Daily LOS F RCTC Freeway Strategic Plan Existing Dail LOS F (Ca!trans 2004) RCTC Freeway Strategic Plan - Phase 1 15 Draft: May 10, 2006 3.0 FORECAST FUTURE FREEWAY TRAFFIC GROWTH This section provides the basis for comparing existing traffic conditions to future traffic conditions for determining the relative share of freeway improvement needs that could be attributed to new development. The section presents future traffic forecasts for Western Riverside County Freeways as derived from the Southern California Association of Governments (SCAG) 2004 Regional Transportation Plan (RTP) model. The traffic forecasts were utilized to determine future freeway capacity deficiencies and improvements needs. An order of magnitude cost to implement the identified freeway improvements is also developed as part of this section. 3.1. Demographic Change for Western Riverside County Western Riverside is expected to double in population between the years 2000 and 2030 according to forecasts assembled by SCAG. Recent trends in the region show this level of growth to be imminent. Population forecasts, as well as other socio-economic forecasts supporting SCAG's 2004 RTP model, are shown in Table 3-1 and Figure 3-1. As can be seen in the table and figure, not only is population expected to double, but also households and employment are expected to more than double. Employment growth is forecast to be highest in the retail and service sectors. Table 3-1 Population, Household, and Employment Growth in Western Riverside - Sector Year2000 Year2030 Change % Change Population 1,193,862 2,400,017 1,206,155 101% Households Single -Family 262,904 496,005 233,101 89% Multi -Family 118,278 288,442 170,164 144% Total 381,182 784,447 403,265 106% Employees Industrial 140,284 278,152 137,868 98% Retail 74,356 197,494 123,138 166% Service 133,567 364,291 230,724 173% Government/Public Sector 39,556 75,729 36,173 91 % Total 387,763 915,666 527,903 136% Source: SCAG 2004 Regional Transportation Plan model data. RCTC 16 Draft: Mav 10. 2006 Figure 3-1 Population, Household, and Employment Growth in Western Riverside 0 0 0 0 CO N O N C 0 a o J J d o a Households- 20 Households- 203 Employees- 2000 Employees- 2030 Employment Sector: ❑ Industrial O Retail Service O Government Household Type Single -Family Multi -Family Source: SCAG 2004 Regional Transportation Plan model data. 3.2. Future Freeway Traffic Conditions The SCAG 2004 RTP model converts the population, household, and employment forecasts described in the previous section into volume forecasts for the freeways and other roadways in Western Riverside. The result is a large increase in freeway volumes. This section discusses these future freeway volume forecasts, and the resulting level of service expected on each of the 119 study segments. Appendix B contains detailed data tables summarizing the future Year 2030 traffic conditions described in this section. RCTC 17 Draft: Mav 10. 2006 3.2.1. Future Freeway Volumes Future freeway traffic volumes were forecast to range from about 80,000 to 319,000 vehicles per day. Figure 3-2 illustrates the daily year 2030 volumes forecast for each of the 119 freeway study segments. As a point of comparison, note that under existing conditions daily traffic volumes ranged from about 45,000 to 270,000 across the 119 study segments. Figure 3-3 highlights the amount of volume growth experienced on each segment. Volume growth from the year 2004 (existing conditions) to year 2030 (future year conditions) was forecast to range from 27,000 to 127,000 vehicles per day. Relative to existing, volume growth by segment ranged from 16% to 114%. Thus, the doubling of socio-economic variables such as population, households, and employment over the same period did not translate directly into a doubling of freeway volumes on most segments primarily because many freeways were already operating at or over capacity therefore forcing additional traffic to seek alternative routes. Figure 3-4 shows the percent of total daily vehicles that are trucks as forecast for Year 2030. The percent of total daily vehicles that are trucks ranges from 5% to 22% across the 119 segments in 2030. This is comparable to a range of 5% to 19% under existing conditions. The highest truck percentages occur on the 1-10 freeway segments in 2030. Applying the percent trucks in Figure 3-4 to the total daily vehicles in Figure 3-2 produces the daily number of trucks. This value ranges from about 8,000 to about 52,000 in year 2030. This is about double the existing conditions range of about 4,000 to about 26,000 trucks. Note, however, that the change in trucks between existing and year 2030 varies by segment, ranging from 29% to 271 % growth in truck volumes. The future year 2030 volume forecasts were developed from the Caltrans 2004 volume data used in the existing conditions analysis and the growth forecasted by SCAG in their 2004 RTP model. A common form of model post -processing, consistent with National Cooperative Highway Research Report (NCHRP) 255, was applied to develop the 2030 volume forecasts. The forecast methodology was presented to and endorsed by the project's Technical Advisory Committee based on a detailed analysis of the SCAG model data and other volume data sources. Appendix C further describes the model post -processing methodology, supporting model validation analysis, and resultant volume forecasts. RCTC 18 Draft: May 10. 2006 Figure 3-2 Year 2030 Daily Volumes RCTC Freeway Strategic Study - Phase I Year 2030 Daily Volumes (Post -Processed SCAG Model) Year 20300 ily,ydiumes > 4` on Study Segme� t-Proces`sed.SCAG 7 to de to-160K vehidee!se � 1 e K to 240K vet ®2 OKto320K,�vehi -tee er+Major Road RCTC Freeway Strategic Plan - Phase 1 19 Draft: May 10, 2006 Figure 33Di1 Volume Growth ROTC Freeway Strategic Study - Phase I Dail Volume Growth (YFt2030 Post -Processed vs YFt2004) ROC Freeway Strategic P�n-Phase n £ Draft: May toe06 Figure 3-4 Year 2030 Truck Percents RCTC Freeway Strategic Study - Please 1 Year 2030 Truck Percents Post -Processed) e6a 204304p:10 Percents 1 * (Post Processed) 0%.*540�.. % to 10%, a Ito 15%1 50 . ®2to 25%„ �€ e' -� e�r�Ma�ti or�-Roads �.• RCTC Freeway Strategic Plan - Phase I 21 Draft: May 10, 2006 3.2.2. Future Freeway Capacities As discussed under the existing conditions analysis, capacity is defined as the maximum number of vehicles that a facility can accommodate with reasonable safety during a specified time period. The capacity of a certain freeway section is the product of the number of lanes on that section and a standard capacity -per -lane factor. A field survey of the number of lanes on the existing freeway system was conducted in September, 2005. Future freeway capacities were assumed to be the same as these existing conditions, except in a few instances. In order to be consistent with the SCAG 2004 RTP model on which the volume forecasts were based, improvements identified in the 2030 Baseline scenario were included. By definition, the 2030 Baseline scenario only includes improvements currently under construction or committed with appropriate approvals and funding to be constructed by year 2030. This limited list of improvements is as follows: • SR 60 between 1-15 and Etiwanda Ave: 1 general purpose in each direction and 1 eastbound HOV lane • SR60 between Etiwanda Ave and Valley Way: 1 general purpose and 1 HOV lane in each direction • SR60 between Auto Mall Pkwy and Redlands Blvd: 1 NOV lane in each direction • 1-215 between SR60/SR91 /1-215 Junction and University Ave: 1 HOV lane in each direction • 1-215 between University Ave and Martin Luther King Blvd: 1 HOV lane in the northbound (or westbound) direction • 1-215 between Martin Luther King Blvd and 1-215/SR60 East Junction: 1 HOV lane in each direction Once completed, these improvements will result in one continuous HOV lane in each direction on SR60 between 1-15 and Redlands Blvd and on 1-215 between the SR60/SR91 /1-215 Junction and 1-215/SR60 East Junction. Figure 3-4 illustrates the future year 2030 number of lanes assumed in the analysis. Figure 3-5 shows the differences between the year 2030 lane assumptions and the existing September 2005 lane count. As under existing conditions, the number of lanes per direction ranged from 2 to 6 under future year 2030 forecast conditions. As discussed in the existing conditions section, the next step in the capacity analysis was to convert the lane count per segment into a capacity value based on a capacity -per - lane factor. The Riverside County General Plan, Circulation Element contains capacity -per -lane factors that are standard for Riverside County freeways. Table 2-1 lists these capacity values. RCTC 22 Draft: May la 2006 Figure 3-4 Year 2030 Lanes RCTC Freeway Strategic Study - Phase 8 Year 2030 Ad'usted Lanes b Direction Number of Lanes by;�hlrecE (SLAG mosolmodi I with Adju`sbnents) x 2lanes • 3 lanes/ anes ® e nes G -,! er MaibrRoaas, RCTC Freeway Strategic Plan - Phase 1 23 Draft: May 10, 2006 i mber of Lanes 6y Di . G YR2030 Adjusted -Mode us 20051Fiela`Data 0. o as,existing! ' 1 la H"Aibrelthan e)istiA 24ia s morajthaii - T g e MajRoads T q.0., Figure 3-5 Future versus Existing Lanes RCTC Freeway Strategic Study - Phase 0 Year 2.9. justed versus Existing Lanes Cow*, Gwent. RCTC Freeway Strategic Plan - Phase I 24 Draft: May 10, 2006 3.2.3. Future Freeway Level of Service The future freeway volume and capacity forecasts described in the previous sections enabled the analysis of future freeway performance. Section 2.2 of this report defines LOS in detail and describes the methodology used. The future 2030 LOS analysis employed the same methodology as described for the existing conditions analysis. Figure 3-6 illustrates the results of the future 2030 LOS analysis for the 119 study segments. As can be seen in the figure, all but two of the segments are at LOS F. This is a large increase over existing conditions under which only 69 of the 119 segments were at LOS F. The severity of LOS F also increased from existing to future conditions as can be seen from the breakdown into the sub -categories F0, Fl, F2, and F3, F3 being the highest degree of deficiency: Existing Future FO 42 segments 24 segments Fl 12 segments 13 segments F2 8 segments 12 segments 68 segments 117 segments F3 7 segments 69 segments SUM As described in previously, the distinction between segments at LOS F and segments at LOS E or better is of particular relevance, since LOS E is the minimum operating condition considered "acceptable" for a freeway segment in Riverside County. Figure 3-7 highlights the distinction between segments at an "acceptable" and "unacceptable" level of service. Segments at an unacceptable LOS F are shown in red, while other segments are shown in green. As can be seen in the figure, 117 of the 119 segments were forecast to perform "unacceptably", or at LOS F. RCTC 25 Draft: Mav 10. 2006 Figure 3-6 Year 2030 LOS RCTC Freeway Strategic Study - Phase 1 Year 2030 Daily Level of Service Year 20300Level ofS'�e 'nisi PosttPOcesseH(Forecas S"E'(01.89AY< 1:00) LO jF1 �2i(1 OD< �J_45) LOS F3 (y/C>1.45) BLOS- , and V/G>2.001( ajo"rrpoag v RCTC Freeway Strategic Plan - Phase f 26 Draft: May 10, 2006 Figure 3-7 Year 2030 LOS F RCTC Freeway Strategic Study - Phase I Study Segments with Daily Level of Service F in YR2030 ' • • 111LDSIF 2°3P.40, •isitsr s stifersc MperpfiC<-7-..1 Ottie 0:14RoacIr (County oks4 RCTC Freeway Strategic Plan - Phase 1 27 Draft: May 10, 2006 The vehicle -miles -of -travel (VMT) on segments at LOS F provides a system -wide perspective on freeway performance. The number of vehicle -miles traveled on a particular segment is the product of the length of that segment and the daily volume on that segment. VMT for the entire system is the sum of the VMT for all 119 study segments. As seen in Table 3-2, total VMT on all 119 study segments grew by about 50% from about 21 million to 31 million. Isolating the VMT for the 69 segments at LOS F under existing conditions and 117 segments at LOS F under future 2030 conditions shows that VMT at LOS F grows by about 128%from about 14 million to about 31 million. In other words, the percentage of total VMT that is on segments at LOS F grows from 65% to 99%, an increase of 34 percentage points. The portion of future 2030 VMT on segments at LOS F that can be attributed to growth, i.e. is not present under existing conditions, is 56% (17 million over 31 million). The portion of future deficiencies attributable to growth will be developed in more detail in the next section. Table 3-2 Existing versus Future VMT DAILY VEHICLE MILES OF TRAVEL ON FREEWAY SEGMENTS IN WESTERN RIVERSIDE COUNTY Existing versus Future VMT VMT at LOS F % VMT at LOS F Existing: Caltrans Year 2004 20,960,532 13,672,444 65% Future: Year 2030 Post -Processed 31,469,853 31,113,875 99% Growth (2004 to 2030) 10, 509, 321 50% 17, 441, 431 128% 34% Percent of 2030 VMT at LOS f Attributable to Growth 56% 3.2.4. Portion of Deficiency Attributable to Growth versus Existing Need As noted above, there is a marked deterioration in freeway performance from existing to future 2030 conditions. A methodology was developed to breakdown the future deficiency into two portions: • The portion attributable to existing conditions (i.e. existing need) • The portion attributable to growth Deficiency was quantified in terms of the volume -to -capacity (V/C) ratios for both existing and future conditions. Since the Riverside County CMP defines a deficient freeway as one at LOS F (i.e. V/C>1.000), the V/C for a given segment minus 1.000 was the estimated magnitude of that segment's deficiency. RCTC 28 Draft: Mav 10, 2006 For example, a segment with a V/C of 1.200 under existing conditions would have an existing deficiency of 0.200. A segment with a future V/C of 1.500 would have a future deficiency of 0.500. This segment's deficiency grew by 0.300 between existing and future conditions. Next, the future deficiency was broken down into the two portions described above: • The portion attributable to existing conditions (i.e. existing need) • The portion attributable to growth The portion of future deficiency attributable to existing conditions (i.e. existing need) was estimated by the following relationship: Existing Existing Deficiency Existing V/C —1 Need m Future Deficiency Future V/C —1 The portion of future deficiency attributable to growth is the remaining portion, or 100% less the existing need. Alternatively, the growth share can be calculated as follows: Growth e Share - Growth in Deficiency Future V/C — Existing V/C 619 EMU Future Deficiency Future V/C — 1 It should be noted that where the existing V/C is less than or equal to 1.000, there is no existing deficiency and therefore existing need is 0% making any future deficiency 100% attributable to growth. In terms of the example, the existing deficiency was 0.200 while the future deficiency was 0.500. Thus, the portion of the future deficiency attributable to existing conditions (existing need) was 0.200/0.500 or 40%. The portion attributable to growth was 100%- 40%, or 60%. This can alternatively be calculated as the growth in deficiency (1.500- 1.200 = 0.300) divided by the future deficiency (0.300/0.500 = 60%). This is the same methodology as was applied to determine existing need for the Transportation Uniform Mitigation Fee (TUMF) program administered by the Western Riverside Council of Governments (WRCOG). This methodology was applied to all of the 119 study segments. Figures 3-8 and 3-9 illustrate the results. The portion of future deficiency attributable to existing need versus growth for the 119 study segments breaks down as follows: RCTC 29 Draf: Mav 10. 2006 Number of Segments Existing Need Growth 48 segments 0% 100% 29 segments 1 % to 25% 75% to 99% 24 segments 25% to 50% 50% to 75% 11 segments 50% to 75% 25% to 50% 2 segments 75% to 99% 1 % to 25% 5 segments 100% 0% 119 total .' As would be expected given the increase from 69 segments at LOS F under existing conditions to 117 under future conditions, 100% of the future deficiency can be attributed to growth on 48 segments. Only 5 segments can attribute 0% of their future deficiency to growth: the 2 segments at LOS E under future conditions and 3 segments on the SR60 for which the future baseline scenario included capacity improvements that sufficiently accommodated the volume growth on those segments. The portions of future deficiency attributable to growth are used to compute the "fair share" of needed improvement costs attributable to new development in Western Riverside in Section 4.0. RCTC 30 Draft: Mav 10, 2006 Figure 3-8 Existing Need Percent EXISTING NEED Portion of Year 2030 LOS F Attributable to Existing Development Legend isting,;Needi) s. 1 %,to 2 061%"to 5o i7,6Sfrto-1 heF Majo (�Powisoris limairaCaany RCTC Freeway Strategic Plan - Phase 1 31 Draft: May 10, 2006 Figure 3-9 Percent Attributable to Growth RCTC Freeway Strategic Study = Phase I Percent of YR2030 Deficiency Attributable to Growth meet ofYear'2030 p,Ef`iaieeoo Attributable to;Growfh' =0%10,255% \- 5%to'50%, f % fo 75 5% to 100,„% Other Maior R r } RCTC Freeway Strategic Plan - Phase 1 32 Draft: May 10, 2006 3.2.5. Portion of Deficiency Aflributable to Growth Inside versus Outside Western Riverside Having distinguished between the portions of future deficiency attributable to growth versus existing need in the previous section, the analysis next turned to further breaking down the portion attributable to growth. With 117 of the 119 study segments at LOS F, there is clearly a deficiency in future freeway performance. It is intuitive that the deteriorating freeway performance is due to growing freeway volumes. However, how much of the volume growth is generated by new development in Western Riverside and how much is attributable to development in surrounding areas? The analysis of pass -through trips addressed this question. Segment volumes were subdivided into three groups: ® Pass -Through Trips = Trips starting outside and ending outside of Western Riverside County. a Partial Pass -Through Trips = o Trips starting inside and ending outside of Western Riverside County. o Trips starting outside and ending inside of Western Riverside County. ® Internal Trips = Trips starting inside and ending inside of Western Riverside County. Internal trips are easily attributed to development inside Western Riverside County, while pass -through trips are easily attributed to development outside of Western Riverside County. Partial pass -through trips fall in a grey area, however, because they are generated by development both inside and outside of Western Riverside. For example, a trip made from a new house in Western Riverside to a job in Orange County would be categorized as a partial pass -through trip and could be attributed to both the new house in Western Riverside and to new employment in Orange County. Using a feature of the SCAG 2004 RTP model called "select link analysis" the volume on specific road segments can be subdivided into pass -through, partial pass -through, and internal trips. Select link analysis was performed on the 2030 baseline network for 17 representative segments. The freeway system was broken down into sections at every freeway -to -freeway interchange, as well as certain freeway -to -arterial interchanges. This resulted in 17 freeway sections. One segment located towards the center of each segment was selected and analyzed. These 17 representative segments were as follows: Freeway Section • 1-15 between SR 60 and SR 91 • 1-15 between SR 91 and SR 74 • 1-15 between SR74 and 1-15/1-215 Junction • 1-15 between 1-15/1-215 Junction and County Line • 1-215 between 1-15/1-215 Junction and SR 74 • 1-215 between SR 74 and I-215/SR 60 Junction • 1-215 between I-215/SR 60 Junction and SR91/SR 60/1-215 Junction Representative Location 2nd St - 6thSt Temescal Cyn - Weirick Baxter - Clinton Keith Rancho California - SR 79 (Indio) Scott - Newport Cactus - Van Buren Central - El Cerrito RCTC 33 Draft: May 10, 2006 • 1-215 between SR 91/SR 60/1-215 Junction and County Line • SR 71 between SR 91 and County Line • SR 91 between County Line and 1-15 • SR 91 between 1-15 and I-215/SR 60/SR 91 Junction • SR 60 between County Line and I-215/SR 60/SR 91 Junction • SR 60 between SR60/1-215 Junction and Redlands • SR 60 between Redlands and I-10/SR 60 Junction • I-10 between County Line and I-10/SR 60 Junction • 1-10 between I-10/SR 60 Junction and SR 243 • 1-10 between SR 243 and Verbenia Columbia - Center SR 91 - Pomona Rincon Maple - Lincoln Van Buren - Adams Pedley -Pyrite Perris - Nason Gilman Springs - Jack Rabbit Singleton - Cherry Valley Highland Springs - Sunset Fields - Apache Trail Figures 3-10 and 3-11 illustrate the percentage of the total volume attributable to pass - through and partial pass -through trips, respectively. As can be seen in the first figure, the percentage attributable to pass -through trips ranges from 8% to 55%. The percentage attributable to partial pass -through trips ranges from 32% to 85%. The pass -through and partial pass -through percentages make logical sense based on current knowledge of the region. For example, the highest pass -through portions of 47% and 55% are seen on the eastern I-10. This level of pass -through trips is logical considering that many trips on this portion of the 1-10 likely originate in Los Angeles or San Bernardino counties and end in the Coachella Valley or beyond, or vice versa. The select link analysis feature can also be used to determine a system -wide estimate of pass -through and partial pass -through trips. The model can determine the total number of trips using one or more of a set of segments. Note that this would not be equal to the sum of the volumes of these segments since most trips use several freeway segments and thus summing the segment volumes would count the same trip multiple times. As noted on Figures 3-10 and 3-11, the pass -through and partial pass -through portions for "all freeways" was estimated to be 1 1 % and 59%, respectively. In other words, the portion of trips using any one of the 17 representative locations and passing entirely through Western Riverside was estimated to be 11 %. The pass -through and partial pass -through portions described here are used to compute the "fair share" of needed improvement costs attributable to new development in Western Riverside in Section 4.0. For the partial pass -through trips, since one of the trip ends was generated by development in Western Riverside County and the other trip end by development outside of Western Riverside County, only one half (50%) of the pass -through trips was assumed to be attributable to development within Western Riverside County. RCTC 34 Draft: May 10, 2006 Figure 3-10 Pass -Through Portion PASS -THROUGH PORTION Year 2030 Trips Starting Outside & Ending Outside West Riverside) RCTC Freeway Strategic Plan - Phase 1 35 Draft: May 10, 2006 Figure 3-11 Partial Pass -Through Portion PARTIAL PASS -THROUGH PORTION Year 2030 Freeway Trips between West Riverside 8 Other Areas RCTC Freeway Strategic Plan - Phase 1 36 Draft: May 10, 2006 3.3. Future Freeway Improvement Needs After completing the analysis of existing and future freeway conditions, comparing the two, and determining that future freeway performance would deteriorate to unacceptable levels due to growth in the region, the study moved on to estimate the improvements needed to remedy the future freeway deficiencies and obtain an acceptable performance level. The Riverside County Congestion Management Program (CMP) establishes level of service (LOS) E as the minimum "acceptable" LOS for freeway segments. This standard is a matter of policy and varies from region to region. For example, some regions have established LOS C or D as their minimum standard of "acceptable" freeway performance. In order to obtain a freeway system in year 2030 that operates at this minimum standard of acceptability, LOS E, numerous capacity improvements are needed. A detailed operational level analysis was not appropriate for the scope of this preliminary study so order of magnitude planning level capacity improvement needs were estimated on a freeway segment by segment basis. For each segment, the number of lanes needed to accommodate the future 2030 volume at LOS E has been estimated. The difference between the number of lanes needed to obtain LOS E and the number of lanes under year 2030 baseline conditions determined the "improvement needs", or additional lanes needed to obtain LOS E. For most segments the 2030 baseline lane count was equal to the existing lane count, but for several segments on the SR60 and I- 215 one to two lanes per direction were added between existing and future baseline conditions as described in more detail earlier in this section. Figures 3-12, 3-14, and 3-16 show the progression from existing lanes to future 2030 lanes to future lanes needed to obtain LOS E, respectively. Figure 3-13 highlights the difference between the existing and 2030 baseline lane count. These are the committed improvements on the SR60 and 1-215 included in the SCAG model's 2030 baseline scenario. Figure 3-15 highlights the difference between the 2030 baseline lane count and the number of lanes needed to obtain LOSE. In other words, Figure 3-15 shows the additional lanes needed above 2030 baseline conditions in order to obtain LOS E. As can be seen in Figure 3-15, between 0 and 6 additional lanes per direction are needed on the study segments to achieve LOS E. Only 2 segments require no additional lanes, the 2 segments already operating at LOS E. Eight segments require the addition of one lane in one direction and no lanes in the corresponding reverse direction. Only a few segments on 1-215 require 5 to 6 lanes per direction. The majority of segments require 1-4 additional lanes per direction. RCTC 37 Draff: May 10, 2006 Figure 3-12 Existing Number of Lanes RCTC Freeway Strategic Plan Existinellimber of Lanes by Direction ExisGng'A1umbbe ;K by Direetion, \on Study Seg�tis 2 lane; , — lanesfi' RCTC Freeway Strategic Plan - Phase 1 38 Draff: May 10, 2006 Figure 3-13 Future versus Existing Lanes RC`i•C Freeway Strategic Study - Phase 0 Year 2030 Adjusted versus Existing Lanes mber of Lanes try Direr 3 (S G YR2030 Adjusted,Mod l us 200)Fieli Data) a of asamewster t 1` la fmoreathan risdn ; 2 la es recreation max g "otn r Major" Roads RCTC Freeway Strategic Plan - Phase 1 39 Draft: May 10, 2006 Figure 3-14 Future Lanes RCTC Freeway Strategic Study - Phase i Year 2030 Ad'usted Lanes b Direction Number often, byyi (9CAC, YR20301Mode with Adjustments) 2lanes. - 3 lanes/ 4 . t rues ) 5 nes ®8lenes — e , er Meja Roia RCTC Freeway Strategic Plan - Phase I 40 Draft: May 10, 2006 Figure 3-15 Improvement Needs RCTC Freeway Strategic Study e Phase O Year 2030 Additional Lanes Needed by Direction to Achieve LOS E Year 2030IMpror'eomnt' NAPO Number of Lanes Added by ono Vine aama ,. 0 "tom 2lates added perdu :. _ 41anes added perms' ' .. �1- eW s,added4perj, <Rem Major Roads s ' � Riversida`CauNty 46; RCTC Freeway Strategic Plan - Phase 1 41 Draft: May 10, 2006 Figure 3-16 Future Lanes Plus Improvement Needs RCTC Freeway Strategic Study - Phase 1 Year 2030 Total Lanes Needed to Achieve LOS E (by direction) RCTC Freeway Strategic Plan - Phase 1 42 Draft: May 10, 2006 There were two exceptions to the methodology described above that developed estimated freeway improvement needs on a segment by segment basis: • The seven freeway -to freeway interchanges • SR91 between 1-15 and the Orange County Line In addition to lane capacity needs, the seven freeway -to -freeway interchanges require improvement in order to be physically compatible with the widened freeway cross - sections and to accommodate future volume growth. A lump sum range of estimated costs for the freeway -to -freeway interchange improvements was determined based on information developed by Caltrans District 8 staff to provide a general order of magnitude approximation for these complex but necessary improvements. The second exception was the SR91 between 1-15 and the Orange County Line. Since a Major Investment Study (MIS) including these segments of the SR91 is currently ongoing, the order of magnitude improvement needs estimated by this study were compared to the improvements outlined in the MIS. It was concluded that the needs estimated by this study were comparable, but that the MIS provided a superior level of detail. The improvements identified in the MIS were therefore assumed for the SR91 study segments between 1-15 and the Orange County Line. These improvements are as follows: • Two additional lanes per direction on SR91 • Two to three additional lanes per direction on "Corridor A" on or near the SR91 alignment • None, two, or three lanes per direction on "Corridor B" parallel to SR91 but located between the SR91 and SR71 alignments. The approach described above for determining freeway improvement needs was considered sufficient for this study's order of magnitude level of detail to determine feasibility for further detailed evaluation. The approach does not capture the many nuances of freeway operations and design that would affect the feasibility and applicability of these improvements. Nor does it capture the interaction of the freeway system with the remainder of the roadway system or with other modal systems such as commuter rail. If this study progresses to Phase II, an increasing level of detail would be necessary to accurately quantify the cumulative regional impact of new development on the freeway system as the basis for establishing a nexus for any potential mitigation program. 3.4. Order of Magnitude Improvement Costs Order of magnitude cost estimates were developed for improvement needs identified in the last section and shown in Figure 3-15. A simple methodology was employed based on the number of lanes added to a given segment, the length of the segment, and generic cost per lane -mile factors. The estimated cost for improvements was calculated as follows for each segment: RCTC 43 Draft: Mav 10. 2006 New Lanes Length Needed of vGast per to Segment - Lane -Mile Obtain LOS E The cost per lane -mile factors were obtained from the SCAG 2004 RTP financial methodology [Final 2004 RTP - Technical Appendix B, SCAG, pages B-56 to B-59]. The SCAG financial methodology breaks down freeway widening projects into three grades: • $5-$5.3 million per lane -mile: General lane addition (median reconstruction, some right of way acquisition and minimal bridgework. • $13.1 million per lane -mile: Intermediate general reconstruction. • $40.6 million per lane -mile: Major reconstruction efforts (e.g. segments of 1-5). The order of magnitude cost estimate for each segment employed these factors as follows: • Basic: $5.3 million (1st & 2nd new lanes per direction) • Intermediate: $13.1 million (3rd & 4th new lanes per direction) • Major: $40.6 million (5th & 6th new lanes per direction) In other words, if a given 1-mile long segment required 5 new lanes per direction, the estimated cost would be: • Direction 1: $5.3 (lane 1) + $5.3 (lane2) + $13.1 (lane3) + $13.1 (lane4) + $40.6 (lane5) = $77.4 million • Direction 2: $5.3 (lane 1) + $5.3 (lane2) + $13.1 (lane3) + $13.1 (lane4) + $40.6 (lane5) = $77.4 million • Total: $77.4 (direction 1) + $77.4 (direction 2) = $154.8 million The SCAG cost per lane -mile factors were based on data assembled in 2002. To reflect the influence of inflation, the resultant cost values were escalated by 50%. Fact Sheets developed by Caltrans in support of the Measure A ballot projects provided more detailed cost estimates for some of the study segments. In such cases, cost per lane - mile factors were developed from the Fact Sheets and applied instead of the SCAG 2004 RTP factors listed above. Caltrans Fact Sheets supplemented the cost estimates for the following freeway segments: • 1-15: all segments lanes 1 and 2 per direction • SR71: all segments lane 1 per direction RCTC 44 Draft: Mav 10. 2006 • SR91: 1-15 to SR91 /SR60/1-215 lanes 1 and 2 per direction • 1-215: 1-15 to Eucalyptus Ave lane 1 per direction • 1-215: SR91 /SR60/1-215 to S La Cadena Dr lanes 1 and 2 per direction Cost estimates were developed in this same manner for all of the study segments and added together to obtain a system total. This estimate was further revised based on interchange improvement estimates assembled by Caltrans staff and data available from the Riverside County -Orange County MIS. For the SR91 study segments between 1-15 and the Orange County Line, cost estimates from the Riverside County -Orange County MIS were used, as they provided a superior level of detail. The MIS identified several Strategic Alternatives including various numbers of lanes added along the SR-91 and additional parallel corridors, as discussed earlier. The portion of the MIS improvements within Riverside County was estimated to range from $2.0 to $4.8 billion. RCTC staff also provided supplemental cost ranges for I- 215/SR-60 through the Box Springs area and SR-60 through the Badlands area to reflect the increased complexity of construction in these areas. Order of magnitude costs for the seven freeway -to -freeway interchanges critical to the performance of the freeway system were assembled by Caltrans staff. These improvements were estimated to cost between $1.210 billion. The final system cost of $8.234 billion to $13.346 billion is an order of magnitude estimate for improvements needed in order to provide a minimum of LOS E on the Western Riverside freeway system in future year 2030. Cost estimates were aggregated to the 17 freeway sections described previously under the pass -through discussion. Figure 3-17 illustrates the order of magnitude costs by freeway section. They are also listed below: Freeway Section • 1-15 between SR 60 and SR 91 • 1-15 between SR 91 and SR 74 • 1-15 between SR74 and 1-15/1-215 Junction • 1-15 between 1-15/1-215 Junction and County Line • 1-215 between 1-15/1-215 Junction and SR 74 • 1-215 between SR 74 and I-215/SR 60 Junction • 1-215 between I-215/SR 60 Junction and SR91/SR 60/1-215 Junction • 1-215 between SR 91 /SR 60/1-215 Junction and County Line • SR 71 between SR 91 and County Line • SR 91 between County Line and 1-15 • SR 91 between 1-15 and I-215/SR 60/SR 91 Junction • SR 60 between County Line and I-215/SR 60/SR 91 Junction • SR 60 between SR60/1-215 Junction and Redlands • SR 60 between Redlands and I-10/SR 60 Junction • 1-10 between County Line and 1-10/SR 60 Junction • 1-10 between I-10/SR 60 Junction and SR 243 • I-10 between SR 243 and Verbenia Estimated Cost $311 million $748 million $522 million $538 million $384 million $345 million $1,500 million to $2,000 million $331 million $27 million $2.000 to $4,800 million $723 million $432 million $137 million $300 million to $500 million $107 million $117 million $117 million RCTC 45 Draft: May 10, 2006 Figure 3-17 Order -of -Magnitude Cost Estimates ORDER -OF -MAGNITUDE COST ESTIMATES TO ACHIEVE LOS E IN XEAR2030 (millions of dollars unless noted RCTC Freeway Strategic Plan - Phase 1 46 Draft: May 10, 2006 4.0 GROWTH SHARE ATTRIBUTABLE TO NEW DEVELOPMENT This section consolidates the various data developed as part of Phase I of the Freeway Strategic Plan to determine the "fair share" of future freeway deficiencies that could potentially be attributed to new development inside Western Riverside. The section begins by describing alternative approaches to quantifying the future freeway deficiency: passenger car equivalents, lanes, and lane -miles. It then describes the methodology for computing the "fair share" percent of future freeway deficiency in Section 4.2. In Section 4.3, the "fair share" percentages are applied to the three measures of future deficiency: passenger car equivalents, lanes, and lane -miles 4.1. Quantifying Future Freeway Deficiency A deficient freeway is one performing "unacceptably". As described earlier, the Riverside County CMP defines "unacceptable" as LOS F, or a situation in which volume exceeds capacity leading to a volume -to -capacity ratio greater than 1.000. There are a variety of measures that can be used to quantify future freeway deficiency. For the purposes of the "fair share" analysis, the following three measures were used: 1. PCE: Volume (converted to passenger car equivalents) in excess of capacity 2. Lanes: Additional lanes needed to improve a given segment from LOS F to a minimum level of acceptability, LOS E. 3. Lane -miles: Additional lanes needed per segment converted to lane -miles by multiplying by the length of the segment 4.2. "Fair Share" Methodology With 117 of the 119 freeway study segments at LOS F under future 2030 conditions, there is a clear deficiency in future freeway performance. However, not all of this deficiency is attributable to new development inside Western Riverside. Some of the improvements would provide capacity needed for existing development, rather than new development. Likewise, some of the improvements would provide capacity needed to serve development outside Western Riverside, rather than inside. The following methodology was used to estimate the portion or "fair share" attributable to new development inside Western Riverside. 1. Subtract Existing Need from Total Deficiency to qet Deficiency Attributable to Growth: Future deficiency was broken down into the portion attributable to new versus existing development. The portion attributable to existing development (i.e. existing need) was subtracted from the total deficiency. 2. Next Subtract the Portion of Deficiency Attributable to Development Outside Western Riverside: Future deficiency was broken down into the portion RCTC 47 Draft: May la 2006 attributable to development inside versus outside of Western Riverside. (i.e. Total Weighted Pass Through Portion) 3. The Remaining Deficiency is the Fair Share Attributable to Growth Inside Western Riverside: The "fair share" of future deficiency attributable to new development inside Western Riverside thus resulted from the combination of the first two steps. Each of the three steps is described in more detail below. 4.2.1. Subtract Existing Need The first step in calculating the 'fair share' attributable to growth inside Western Riverside is to subtract existing need from the total deficiency in order to isolate the portion of deficiency attributable to growth. This is because the portion of future deficiency which is already present under existing conditions could not fairly be attributed to new development inside Western Riverside. A methodology was developed to breakdown the future deficiency into two portions: • The portion attributable to existing conditions (existing need) • The portion attributable to growth, or new development The methodology and results were discussed in detail in Section 3.2.4. Figure 4-1 (same as Figure 3-8) illustrates the "existing need", for each of the 119 study segments. The inverse of this would be the "portion of future deficiency attributable to growth", or new development. To estimate the portion attributable to growth for the various freeway -to -freeway interchange locations, the average of the future deficiency attributable to growth for each of the 119 freeway segments was utilized. Since each interchange location and directional movement will potentially be impacted differently by traffic increases related to new growth, it would be most appropriate to analyze each interchange movement to determine the relative impact of new growth as the basis for establishing a program nexus. However, the application of the average of the segments was considered to be indicative of the overall impact of growth on freeway -to -freeway interchanges and is reasonable as an indicator for assessing a generalized impact of growth on the freeway -to -freeway interchange facilities. 4.2.2. Subtract Portion Attributable to Development Outside Western Riverside The second step in estimating the "fair share" attributable to growth inside Western Riverside is to subtract the portion attributable to development outside Western Riverside. This is because the portion of future deficiency attributable to development outside of Western Riverside could not fairly be attributed to development within Western Riverside. RCTC 48 Draft: May 10, 2006 A methodology was developed to breakdown the future deficiency into two portions: • The portion attributable to development inside Western Riverside • The portion attributable to development outside Western Riverside The methodology uses the SCAG model to make this distinction. Based on the start and end location of a given trip as determined by the model, the trip is categorized as attributable to development inside or to development outside of Western Riverside. Segment volumes were subdivided into three groups: pass -through, partial pass - through, and internal trips, as described in Section 3.2.5. While pass -through trips clearly are attributable to development outside of Western Riverside and internal trips clearly are attributable to development inside of Western Riverside, partial pass -through trips fall in a grey area being both attributable to development inside and outside of Western Riverside. These portions were combined into a 'total weighted pass -through' percentage as shown in the formula below. This is the portion attributable to growth outside of Western Riverside. Total Weighted Pass -Through Portion Pass -Through + 0.5 " Partial Pass -Through Trips Total Trips As can be seen in the formula above, partial pass -through trips (trips starting in Western Riverside and ending outside Western Riverside, or vice versa) were categorized as 50% attributable to development inside Western Riverside and 50% attributable to development outside Western Riverside. This simplistic assumption was based on the premise that only one of the two trip ends (50%) can be attributed to development within Western Riverside County and was considered appropriate for this initial feasibility phase of the Freeway Strategic Study. However, the issue of partial pass -through trips and the interaction and relative impact of development activity inside and outside Western Riverside County represents a significant policy decision that should be carefully deliberated should this study proceed to Phase II. Figure 4-2 illustrates the total weighted pass -through portion, as calculated for 17 representative locations on the freeway system. The 17 location were described in Section 3.2.5. As can be seen in the figure, the total weighted pass -through portion ranges from 29% on the southern portion of 1-215 to 75% on the eastern portion of I-10. For "all freeways" in the system combined, the portion is 40%. Section 3.2.5 explained that "all freeways" does not represent a simple average of the 17 representative locations, but rather a more accurate regional level estimate available from the model data. RCTC 49 Draft: Mav 10, 2006 Figure 4-1 Existing Need Percent EXISTING NEED Portion of Year 2030 LOS P Attributable to Existing Development) RCTC Freeway Strategic Plan - Phase 1 50 Draff: May 10, 2006 Figure 4-2 Total Weighted Pass -Through Portion TOTAL WEIGHTED PASS -THROUGH PORTION Pass -Through Portion Plus Half of Partial Pass -Through Portion ROTC Freeway Strategic Plan - Phase 1 51 Draft. May 10, 2006 To estimate the share of pass -through trips for the freeway -to -freeway interchange locations, the total weighted pass -through trips for "all freeways" was utilized. The use of the total weighted pass -through trips for "all freeways" reflects the regional share of pass through trips and therefore was considered appropriate for determining the feasibility of continuing the Freeway Strategic Study effort. Should there be subsequent phases of the Freeway Strategic Plan, it would be appropriate to evaluate the share of pass -through trips for each of the interchange locations and directional movements. 4.2.3. Fair Share The result of the first two steps is the "fair share" attributable to new development inside Western Riverside: e Subtracting the existing need portion, and ® Subtracting the portion attributable to development outside of Western Riverside. The "fair share" percentage is computed using the formula below: Fair Share Existing Total Weighted 10070 Need X (100% - Pass -Through Percent Percent For example, the "fair share" for the segment of 1-15 between Cajalco Rd and El Cerrito Rd was calculated as follows. About 36% of this segments deficiency could be attributed to growth, as shown in Figure 4-1. This segment had a "total weighted pass - through" of 47%, as seen in Figure 4-2. Thus, the fair share of this cost attributable to new development inside Western Riverside was computed as follows: Farr = (i 00% - 36%) X (10010 - 47%) = 34 Share - This calculation was done for each of the 119 study segments. Figure 4-3 illustrates the results. As can be seen in the figure the "fair share" attributable to new development inside Western Riverside ranged from 0% to 71 %: RCTC 52 Draft: May 10, 2006 Figure 4-3 Fair Share Percentage FAIR SHARE ATTRIBUTABLE TO GROWTH (100% of all trips reduced b existing need and pass -through trips RCTC Freeway Strategic Plan - Phase 1 53 Draft: May 10, 2006 Only 5 segments attribute 0% of their future deficiency to new development inside Riverside County: the 2 segments projected to be at LOS E under future conditions and 3 segments on the SR60 for which the future baseline scenario included capacity improvements which outweighed the projected traffic volume growth on those segments. 4.3. "Fair Share" Attributable to New Development Inside Western Riverside The "fair share" methodology described in the previous section was applied to three alternate measures of "deficiency": 1. PCE: Volume (converted to passenger car equivalents) in excess of capacity 2. Lanes: Additional lanes needed to improve a given segment from LOS F to a minimum level of acceptability, LOS E. 3. Lane -miles: Additional lanes needed per segment converted to lane -miles by multiplying by the length of the segment This produces the "fair share" portion of future freeway deficiency attributable to new development inside Western Riverside for each of the 119 study segments. The three steps in the methodology including the resultant "fair share" are shown in Tables 4-1, 4- 2, and 4-3 for PCE, lanes, and lane -miles, respectively. The following example illustrates how the "fair share" was calculated for a sample segment. The "fair share" for the segment of 1-15 between Cajalco Rd and El Cerrito Rd was estimated as follows in terms of PCE, lanes and lane -miles. Fair Share Based on PCE: Total Deficiency (PCE) Existing Need Portion (PCE) = Year 2030 Volumes (PCE) - Year 2030 Capacity (PCE) = 245,244 - 117,498 =127,746 PCE = Total Deficiency X Existing Need % = 127,746 X 36% = 46,151 PCE (Deduction for "existing need") Portion "Outside" Western Riverside (PCE) = (Total Deficiency - Existing Need Portion) X Total Weighted Pass -Through % = (127,746 - 46,151) X 47% = 38,350 PCE (Deduction for "pass through") Fair Share OR = Total Deficiency - Existing Need Portion - Portion "Outside" Western Riverside = 127,746 - 46,151 - 38,350 = 43,246 PCE (Attributable to "new" development in Western Riverside) Fair Share = Total Deficiency X Fair Share % = 127,746 X 34% RCTC s4 Draff: Mav 10. 2006 = 43,246 PCE (Attributable to "new" development in Western Riverside) Fair Share Based on Lanes: Total Deficiency (Lanes) = Improvement Needs (Lanes) =7 Lanes (New capacity needed to meet future LOS E) Existing Need Portion (Lanes) = Total Deficiency X Existing Need % =7X36% = 2.53 Lanes (New capacity to meet "existing need") Portion "Outside" Western Riverside (Lanes) _ (Total Deficiency - Existing Need Portion) X Total Weighted Pass -Through % _ (7 - 2.53) X 47% = 2.10 Lanes (New capacity to meet "pass through") Fair Share OR Fair Share = Total Deficiency - Existing Need Portion - Portion "Outside" Western Riverside =7 - 2.53 - 2.10 = 2.37 Lanes (New capacity attributable to "growth") = Total Deficiency X Fair Share % =7X34% = 2.37 Lanes Fair Share Based on Lane -miles: Total Deficiency (Lane -miles) = Improvement Needs (Lanes) X Segment Length (Miles) = 7 X 1.19 = 8.30 Existing Need Portion (Lane -miles) = Total Deficiency X Existing Need % = 8.30 X 36% = 3.00 Lane -miles Portion "Outside" Western Riverside (Lane -miles) _ (Total Deficiency - Existing Need Portion) X Total Weighted Pass -Through % _ (8.30 - 3.00) X 47% = 2.49 Lane -miles Fair Share OR Fair Share = Total Deficiency - Existing Need Portion - Portion "Outside" Western Riverside = 8.30 - 3.00 - 2.49 = 2.81 Lane -miles = Total Deficiency X Fair Share % = 8.30 X 34% = 2.81 Lane -miles RCTC 55 Draft: May 10, 2006 Table 4-1 Fair Share of Deficiency (PCE) Fair Share of Future Freeway Deficiency BASED ON PASSENGER CAR EQUIVALENTS (PCE) From To Year 2040 Passenger Car Equivalents (PCE) Year 2030 Capacity (PCE) Year 2030 Deficiency (PCE) Deficiency Attributable to Existing Need (percentage & PCE) Pendency Attributable to Total Weighted Pass- Through Growth (percentage& PCE) Fair Share of Deficiency Attributable to Growth in Western Riverside (percentage & PCE) +; ,j ' f - ' County Line :Rd.' `:: Sands Mdod Dr/51h St" ' 153,634.. 117,498 :. . 36,136 0% °.0 63% 22,768 37% -. 13,370=-. - Sandafviood th/5th St " singleton Rd .... ... 157,675 . : _117,498 ` 40,177 0% ..... 0 " 63% 25;311 r 37% -` 14;885" ' "-. Singleton ad.. Cheny Valley Blvd "' 158,481' . :..117,498' .:. 40983 "' 0% - I 0 ..: 83% 25;820: ' 37% : 15;184 .- ChsnyValley : - Rest Area WBl-10 _ ":145,958: ...117498 :- 28,460 '. 0%. -... _0 • ' 63% '.17,930. 37%-': "10,530.. " .Blvd ... Rest Area WB 10 14th SUSen Timoteo Cyn Rd :.`145,958 '. 117 498 '.. 28,460 - 0% ... D ` 63% _.-17;930 `. 37%' ' 10,630'. 14th St/San Timoteo Cyn Rd' 6th SUSR 60 144,096 ' 117,498 26,598 ".: 0% - 0 63% 16,756 37% "; . 9,841:" - q' Beaumont Ave/SR 79 210,486 160,480 ' 49,986 0% `0 .65% 32,491. 35%`.'.` 17;496.:. Beaumont Aire/SR 79 ' Pennsylvania Ave _ '. 195,910 `" 180;480 -."35,430 . 0°%, 0 ' '=65% = 23,029 36% `" 12;400ire ; " i RennrilvenleAve ' +' Highland Springs Aver 202,191 160,480 ". 41711: � �:. 0%' ."-0 - ' '!65% 27112' . 36% . 14,699 - , , _11"I'. HighlandspnngsAve . :- sunset Ave , 194,384 1 160,480 33,904 :. 0% "-'-0 '35% 22;038' 35%'. 11,867'" Sunset Ave I_. .22nd Ave (7196,623 ' -: 160480 : 1 36,143 0% r..-'" 0 65% -23,493 36°/a .. 12,650..'.: . 22iW Ave 6th.BUSR 243 (to ldylhvild) 186,262 160,480' : 25,782 0% 0 65% 16,758 • 36% '- 9,024' 1': ' ' '.. 1I - 1.. +. .. .. eth SUSR 243(toldylhNld) - ' Hargrave St 178,465 160,480 17,985 _ 0% -.0 , 75% 13A89 26% '4(498 r Ramsey St 170,528 .: 160,480.` 10,048 . 0% :. 0 - 75% ,7;536.'` 26%7' .2;512' Ramsey St f. Fields RdrJohneon Ln. 175;359'. 160,480` ' 14,879 0% O. 75% 11059. 26%[ 3,720'".. ". Fields Rd/Johnson Ln. ApecheYr ;-186,476 : 160,480 ::' 5,996 - 0% . 1 0 ' 75% . 4,497' -. ` 26% :i. 1;499. i I Apache Tr : : Main St ` 155,394 160,480 0 100% 0 ' II..75% 0 0%'. 0 '' . MainSI'. verbena Ave 184,398 '::160,480 : 23,918 ". 0%_._. ..0 -75% 17,938 . 25%.-" = .61979,,' 1 s _ �7 I Rainbow valley Blvd Front SUSR 79(to Indio) 248,314 160480 87,834 0% 0 52%. 45,674 48%_ 42,180,,_ Front SUSR 79(to Indio) Rancho Califomia Rd 265,518 160480._ 105,038 0% 0 __52%_ 54,620 _._48°%__ 50,418__ Rancho California Rd Winchester Rd/SR 79(to Hemet) 283,929 _ 160,480 _.. 123,449 6% 6,842. _52% 60,636_ __45%._ .55,972- Winchester 79(to Hemel) 1-215 326,915 180,540'.. 146,375 10% 14,733_. - 52% 68,454 43%_ __63189__ .Rd/SR 1-215 Muniea Hot Springs Rd 198,980 _ _. 117,498- _ 81,482 3%. _ 2,332 41°% 32,452 _ __57% _ 46,699 _ _ Murrieta Hot Springs Rd Califomia Oaks RdlKalmia St 229,255_ 117,498_ -1.11,757 _ 19% - 21,088 41% 37,174 48% 53,494 California Oaks RdlKalmia SI Clinton Keith Rd 214,092 117,498 _. 96,594. - 16% _ 15,878 41% _ 33,093 49% 47,622 Clinton Keith Rd Baxter Rd 217,983.. __1.17,498.. 100,485 _15% 14,836 41% 35,116_ 50% 60,533 Baxter Rd Bundy Cyn Rd 209,316 117,498__ 91,818 - 8%. _ 7,781 - 41% 34,463 _ 54%_ 49,594 _ Bundy Cyn Rd Railroad Cyn Rd 202,598 117,498 85,100 4% 3,686 41%_ _ 33,421 - 57% _ 48,093. _ Railroad Cyn Rd Sl 209,265. _117,498J,, 91,767 13% 12,163" -41°% _32,638_._ 61% 46,967_ NMain st, .NMain Central Ave/SR 74 198,711 117,498... 81,213_ - 11% _ 8,688 41% _.29,735 63%42,790- Cenral Ave/SR 79_ Nichols Rd 186,037_. - 117,498_ 68,539_ _ 0%0 47% 32,213. 63% 3fy326__ Nichols Rd Lake St 188,634_. 117,498.. 71,136 0% 0 47% 33,434 53% 37,702 1 ele Lake St Indian Truck Tr 192,627 117,498'. 75,129 6°% 4,525 47% 33,184 60% 37,421. Indian Truck Tr Temesral Cyn Rd 205,790 117,498. _88,292_. 13% 11,557 _47%_ 36,066 46% 40,670 Temescal Cyn Rd Weirick Rd 210,884 _ 117,498- 93386. - _.22% 20,542 47% _ _34,237 41°% _ 38,607_. _ Weinck Rd Geode°Rd 229,497 117,498... _ 111,999-.. 32% 36,363. . 47%_ _ 35,549 36% 40,087_ _ Cajalco Rd El Cerrito Rd 245,244 117,498. 127,746 36% 46,151 _47% 38,350. 34% 43,246. _. _ El Cerra Rd Ontario Ave 248,485 138,989_ _ 109 496- 2754. 29,524 47% 37,586. -.._ 39% 42,385. Ontario Ave Magnolia Ave 281,214. _160480_ _ 120,734 17%_ 19,972. 47% 47,358__ 44% . 53,403 Magnolia Ave SR 91 263,088 180540_ 82,548 3% 2,453 47% 37,645 51% 42,460 SR 91 Yuma Dr/Hidden Valley Pkwy 217,196 160 480 56,716 15% 8,688 52% 24,974 _ 41%- 23,053 Yuma Dr/Hidden Valley Play 2nd St 205,375 200,600. 4,775 0% 0 52% 2,483 48% 2,292 2nd St 6th St 200,959_. _117,498___ 83,461. 53%. _ 44,269 52%_ 20,380 ___23°% 18,812 6th St LmoniteAve 210,314_. 117,498_.. 92,816_ - 49%_ 45,326 52% 24,695 __ _.25°% _._22,795 Limonite Ave SR 60 198,591.. _117,498_. 81,093__.-49%. _ 40,040. 52% 21,348 _24°% 19,706_. SR 60 Juana St 281,594 160,480 121,114 56°% 67,499 52% 27,880 21% 25,735 - ` e at $ o' r• h a --"" -..': Mande AvelVaieBurea'Bivdl.' I;-.266;084;.1 200;800P,1_65,484:-781%"---53;122'_. C5056-6181 t9%�, :` .8,181:; IA ' Etrxa'nda`AwiNen BureniBlvd '' Mlsslon BNdrCount yiVillege Rd . 254 789, '1 200;600LI _ 54089`7 1.,100% ` 54,189 ' l 50% '0',- '. 'OW _d 7.0,misik IvNCounay ��� . " - 11200 600 :: 31,455 r! '_ 100% : 31,455 I , -50% 0 ' 0%r 01:..; Pialey.R y _- i- Pynte Rd 236 3981 �' '" 200 600,' s 35 798 ,.' : 100% -35 77' t_50% . 14 ` 0%,' r 14. i.- 1 Pyrite Rd = . e.. Valley.WyL . 1 234,879...: i 2001600F, t 34 279 :. 38% -30 316 50% 1,982 8%: C 119821. v alley Rabidoux Blve ^( 7252959 . i 180;480i. 92478 0% 0 '50% :46;2401 ,60%': " A8,240 "" tni Bl Rubidoux Blvd Market Bl ' ,' l 283,108 I180 4801 _ i 702 626 ' 0% : 0 �. i -50% 51'.313 r 60%" s 181,3.131.i I Marketet ...7. MainsUOrerpe 04r ' 268187' i- 180'4801 i 107707 10% `, 0 .'::50% 153;853 '50%. 153;863e Main suorange st Vueetl 215rSR 91Wundim 267,716 i L 180 5401,1 187 176 0% 0 50% 43,588 -150% 1 43;588 . Eeat1-215 Junction ' Dry St 211'118 117'4981: 93720 : 23% 111432 39% 'l 28,192 - "47% H� 4;096 ? .- Day St ':' ' "' Pigao`n Pass RdlFradmkk Si:_. 195,445 , . 138 969; ' 56 456 _ 0% ! D - . " 39% 22,018 - 81%( ; 34,438 2). _. Pigeon Peas RNFrededdt,Si ,i HeamGc St ` , i 167,644'' 1174981/1 50146 -.'0% '`. 0 "-39% '19;557 .81%i. 30,5891.2 ift,' 4%190 `. ...° _:_" He9codtst1. - - Rids ;Blvd 150;659,; 1 1174981-Ii 33',161'-,'' 0% _ 10 1 .`..39% - _12;933 I. 81% .20,228a4, Perris Blvd:, _ , Neaon el •' " _ fa :'.I 1128,418'11 117498T I 10;920' r 0% .: 0 I C39%i-'4,259 I : 81% 8;861- 1 ..-.. Nasonst `_ �°3' Auto MalllPkvljlMorena Bead, of- J i°1251645 -:I1 1,17;4981_, 8,147:°. '049. -:' 0• I :,39% 3,i177 1 81%: 4,969":.i: Auto ien Mani9kw0Moo.BeacDi- Riddles eh/a "-v .,_. "h 11041,Y,; 1,17;498, �, 0''_ , 100% � .`. 'OI C39% ,`. 0':- 1 11%. Oi Ea: Redlend'eiBlve 'Theodore st _ 105196i,i: 765007 28896C'. 0% _-_ 0 42% 12;052 ;66% 18;644.ii _ Theodore & Gllnien Spdngi Rd, 110 058., 78 500i . 33,559i ". 0% 0 '42% 14',095 - -,48%. _ 19,484,:-' a-; Je0/8111IRe 76500E: 38,376 1 "0%•"- 0 �'42% 18 118' �_"'88% 22;268=:! 1�:l�dtRabbItYrinan ., ' s, .. [teem St s.. t . r,98:1876w., ;, C:�98,946u':1.78'SOOr_' _ �22,448__ 0%... 0....'•' 42% _-9,427 I.i_68%: .12,01801 RCTC 56 Draft: May 10, 2006 Fair Share of Future Freeway Deficiency BASED ON PASSENGER CAR EQUIVALENTS (PCE) (Continued - Page 2 of 2) From To Year 2030 Passenger Car Equivalents (PCE) Year 2030 Capacity (PCE) Year 2030 Deficiency (PCE) Deficiency Attributable to Existing Need (percentage & PCE) Dehmency Attributable to Total Weighted Pass. Through Growth (percentage & PCE) Fair Share of Deficiency Attributable to Growth in Western Riverside (percentage & PCE) SR at Pomona Rinwn Rd • .84,908 ' . 78,500 ° 'i-- 6,408 '0% .'. `0" ,67%,• °. 5,633 s , ' 33%. ,: 2 776' ; . ;llti ;.,,, Pomona Rincon Rd - eld Ran,Rd SR 83iButtemRanch 1 84,666 I^ 76 500 . =6,408 . -0% " - 0 67%6 633, r ` 33% 2,776 b.�. ,, ';i - ;,•; - Coumy'Line ''07,.r Green River Rd. . ". _ .327.930 -240:720 '1 97,210' 77 35280 . , 55%' 18;562I , a27%_ 23,369Z4 Green Rh®r_Rq,.T' -_:�. SR 71' �,_r_' %' _: `^ `" "!' ';308;167' "240,720 7..67;447: `_:31% °_,_. 20,862 55%'_n_,25,622a �'31°/; :-3' 20,963 tii. ss 71 d+- "A:' '. '.(. •_ ' Auto Center Dr/Sagas Club Or ':d. _.329,408_ ' 200,600_` s 128,808..2 . 50 %.=_ .._64,765 _55%;. i• 35;223.._' ." "22% ..•f �F..,28:819.'S) ca ` as' r.- y,,' ._M-p .: •. ` ' Axle ce5tenonsertas club'tir. Maple St N Bth Si .. -i_. w : _ 330.434" 240,720' ^ `89.714.. . 29% 3'25,678 • .55%; - 35,220 ' 32%_-- .,.' 28,816 a, le,S- -si- -St_ .._- LnootnAve -- . .:318.093 � 200.600_.-:117,493 .47% _:-„55,472_ 55%1' 34,111_ 4 `.24%."sa-- 27` 908°= unceln Ave' -• _ . N Merrill MAN hand BNe .' , ' 325,777 - '.200.800 -'.125;177 50%= _62,700 '55%_ 34,362': � 22%, x' 28114< : N Mania duW Grand Siva • -_ _ N MetnSt . •,.312,488 ' ` 200,600 :x :111,888 - .150%' - 55,472 55%1 . 31,029." t_ 23% t- 26,387•:, N Maln at ,. i-15 ` :, ' " 308 7 240,720 .: °..73,588 •24% rr .. 17r418s '55%X. 30.894" r. 34%'_' • 26;277t `' t� t ` ... CeMagnolia . 115 . ` McwnNySt ' - .'314 ':265,945 ° 200,600 X 65,345 ' 25% ; 16,498 ' -34%. 16,608-_. 49%i : 32,239 I: " Pierce 64 _ • 257,670 ..160 480 :. 17,490 .: -' 45% ' 44;095 " 34%'_ '18.052'. ^ _ 36% 36s043 _ Pierce Strl " _. Magnella:Ave 9228;844 " ' 160 480 k.:68,364' . 339C 22,635 34%.:. 15.548.. 44% ..- 30081 awe.. La Sierra.Ave ' _ 229,885:. 160,480 69,405 36% 25;087 ' 94%'. 15 Olb _. 42%.._._ 29 263 5:' VSiemAva"1 ;Tyler-at_'-_� '•:228,416 160,480 P.67,936_.-35% t 23,519 34%' .15,102_:' 43% i_j29,316.-1 ' : • i i- :Adams " , a e ° ° , r °� a '. '. I_._�-.Popler Tyler al ., :... Van Buren[Bhd a -.. ..231,84D -..200,600 . _ ..31,240 _"0%_ . `�0 . 34%__ 10,621 _ a 66%' '. 20 818:4' Van Buren Bivd ,. i . ^., Adams St : , '224,299 ' ' 200A00 • : 23,699. -__ 0% ^ - 0 ."" _34%- _ _8;058 c' 55%_ _ 16,641__ St: e+._ _: Midi soriSr_ ,y '.a'.-.- .. ' �-222.204 180;540, Y_: 41,864 % .:.-"0 ' 34%,.` 14,166 •.. 85%_'__ .27,498'-° Madison St '•�_ , : : Arlington Ave :..v •'. `: 222.999 - 138,989 _._84;010 '_49%`''41,411 .34% 14,484"` t . - 33%_ °� 28,145=3 Arlington: Ave -" •+ �. -•` '-. Cental Ave •. _�--: _ '.'228.900:.. 180,480 °_66,420 -:32% 20?945, -34%: . 15,461._ - _' 46%_' " 30,013%; Genital Ave -.; _ "- -. 1411r61/Sen TiMiiteo Cyn Rd _ ' 219,352 117,498 ..--.101,854 _ 58%;-58.802 _ 34%` • ' 14;6313 _ . 28% 28,41C, 74th 51/Sen-imms°CynlRd'.5 ' '.University Avet9lh StlMisslonlinn' ,218,553 : -_160,480..r.. 56;073 ..:. 26% °_..: 14;795` ,- 34%i . 14,035_1`- 49%-....t 27,244'1 University Ave/9th SUMtssionInn . 1 P.Apldr staff Cedenea r/Mulberry- : 208,899 ' -.. 117,498 r. '91,401 __ _.53% - :.48;552 . 34%.- 14;569. -. i 31%: ' X �'28 280"s St/La ca"aenaDneluloeny' eR6oli-2'15 " ,�'.._ _ _ 208,003.. _117,498 88.605 _53°h •_- 46;502. 1..34% 14,28V__ 31%_a. :27,722' -- - i -• a • -`' •... ' ^'. " s./% Y OF 1-15 ...: - - - Muniela Hot Springs: Rd: _ 133.132. .76,500 -: 56.632` 7:%'. 4,144 29%', *`•15,221 - . 66%--' 37,266--:: Mumeta Hot Springs. Rd - Los Alamos Rd - 147,479 - 76,500-. 1 70,979, 18% 12,448 29%t . 16,974 -69%. 41,667 €1 Los Alamos Rd _ _ _ Clinton.. Keith. Rd . - - -. 148,878 76,500 i . 72,378 - 17% _ -12;448 : 29%.., ° 17,380 e 69%. 42,660° Clinton Keith Rd Scott Rd -- 143,938 : 76,500 - .- 67,438 -17% `. 11,402 :29%,, -. 16,251. 6'3% 39,786'.`. scan Rd . _' . - . Retyped Rd' " .. -135,079 .76,500 - : - :513,579 . 9% . -5,123 29%... _ .15 502 ° 65% . - '..37,964 . Newport Rd- : McCall Blvd .128,992, 76,500 ' '52492 • _ 2% __.. -937 ';:29% 14,951__ 70% ,•"", 36,604 '_', McCall Blvd: '- Ethelred Rd :. : -123,047°. "-76,500 ¢_:46,547.. `-`0% -. _. .0 -29% 113.499_r 71% ' 33,049','. Ethanad Rd _• -. Matthews Rel/SR.74'(to ldyliwed) 125,776 --. 76,500" .. 49,276 :0%.- 0 29%.: .14,290- 71% °. 34,986, Matthews Rd/SR 74:go IdyOMld), . Redlands Ave/4th SUER 74 . - 147,983 `, 76,500 ':' . 71,463 -.. 14% . 10.338,:. 29% _ 17,726 , 61%' - ' 43,399 ,' Redlands Avei4th St/SR.74 - . OSt - - ... _. 135,869 • - 76,500 - 59,389 -- 8% __ 4,516 32%:. _ 17,559 -' 63%.. -- 37,314- . DSt - -_ _ Nuevo Rd - . _ 184,916 _117,498 , 47,418 . 0% - 0. -. 32%r 15,174 68%- 32,244-' Nuevo Rd -. - Ramoria.Eswy/Cejeloo Eawy 170,580 .'. 117,498 ... 53;082 • 0% . -0 . -: - 32% _ 16,986 68%-. 36,096 -, Ramona EaxylCalalin EiiJy atmlla Rd101eander Ave 190,240 117,498 . - 72,742 . 0% 0 321V 23,277 68% - 49,464 . 6tratta Rd/Oleander Ave _ _.. Van Bureri Blvd _. 201,827 '.. 117.498 i- 84,329 0%''' - 0 . °32% 26,985 68%57,344 i FliM .. _ ■ ' `V ," Van Buren Blvd - Cactus Ave - ` 200,985 117.498 ' _83,487 - 0% • " 0 ' 32%. 26,716 . 88%• 58,771 Cactus Ave'- _ _ , Alessandro Blvd •. .194.631 .: 160,480 : ,.34,151. 0%- 0 -32%' 10,928_ 88%:. 23,223" Alessandro Blvd, ' Eucalyptus Ave - '198,148: -. 117,498 '. 80,650,' 3% ; -2,141 '.32%-:25,123 ' 66%. • -. " 63,386x Eocelyeing Ave.. . East SR 60 Junction. •_ .194,262 117.498 : 78;764.' : - 2% - :1 550 ... 32%-.::-24;069 67%_-. _11,1413 :'- - -East ( ' I '� ,.. `" • - sR60Junction - - - Box Springs Rd/Sycamore Cyn V-326,158' 180,540: '.145618: :'•50% =.72,863- 41%.._:29,830 '29%.. - 42,926:, Sox Springs :Rd/Sycamore Cyn ".. Central AveANatklnsDr. _ , .. • 395,785. - 1130,540 -215245. _ 48%'c 102,902 41% :46,061 - _ 31%. °, ' 66,282':,. Central AvelWattins.Dr - - El Cando Dr/sycamore-Gyn--- . - --378,680 1130,540 - . 198,140- . 47%.' 92,568-. 41%. - 43,285 31% .... 62,288' El Cenito Dr/Sycamore Cyn' Merlin Luther Kirg Blvd , 362,569 180,540 ..182,029 48%- '88,863' - :: 41%. 39;100.. 11%.-J, 56,266 _`. Martin Luther King Blvd . Universiy Ave -- `-. $17,269 160480. 156,789 - .:37% 58,016 -' 4155-1' . 40;497 37% • 58;276= University Ave - , 3rd St/Blaine Sl. 304,505-. 160,480 ;. 144,025 :61% 87.984 '.41%'. _:22,977 .. 23% _ _ 33,064=. 3rd SIBlaine:St ... Spruce et _ - 300,033 , 160,480 139,553.... 60% '.-- : 84430 . `4195" .:22;601' . 23% 32,623 - Spree Sl -.- -' West BR 60/SR 91 Junction' 321,898. '160,480 161,418... -63%. - 101,817 41%.-24.436:. -22%-.. 35,164_ West SR 601SR 91 Junction .- I Columbia Ave - -'-- - ' •' 202,613 '.. 138,989 - __ 63,624' -. 2314.- 14,556 ' 56%' 27,479 - '- 34% -,_"' '.21,590_' Columbia Ave `,._ ICentar St_ __.... ', r'202,338 a.:-1.17,498. 84,840_ -_40%.. 34,280_ 56% ..28,314'_ 28%_°. 22,247:_`_ Center St • -'• S La Cadena Dr 200,084 117 498 r 82,586 38% 31,470 56%" 28,625 27% 22,491 �, s 'lair %,�'sT�nt`T�ML IPCEe1,' , X 1'v �,. ti. r :./Y J.., y,1 t R sF •„, ,°ti {j 11651012 F.a'_ s.n .'..fl +;, zm A.n r E224081 �y� x.. `a . F rna w c ..y ,r2804;706 ...,. .. .Fi.cta`., r �_ +. �-a 'y.', i3S609343e` r..ry: �.Y RCTC 57 Draft: Mav 10, 2006 Table 4-2 Fair Share of Deficiency (Lanes) Fair Share of Future Freeway Deficiency BASED ON LANES From To Improvements Needed to Obtain LOS E in YR2030 ( # of Lanes) Improvement Needs Attributable to Existing Need (percentage & lanes) Improvement Needs Attributable to Total Weighted Pass -Through Growth (percentage & lanes) Fatr Snare m Improvement Needs Attributable to Growth in Western Riverside (percentage & lanes) '.°SandeMood ". '3 1 .® g.�'. County um Rd' i. - SandeMood Dr/5th 61 '0%, :... - 0.00 -".. -.63% 1.26 _. '37% : 174 .: Dr/5ih St r SinglelonRo. -. ' _:-_:2` :'[ - 0% _.. 0.00 :, '63% . 1.26 :37% '.014 ,'; Sinileton Rd : -^,- Cherry Valley Blvd - - .-.. , 2 .-a0°% 0.00 - - ' - 63%. '. ' -1 26 .,:"37%` "`.: 0.74. :"'.. CherryValley.Blvd ' - Rest Area we 1-10 ,2. . 0%.. . 0.00 . ! 63% : _ 1.26 ' 37% "'70.74 ' Rest Area,W81-10 - .. 14th SVSan Ti1110le0 Cyr( Rd:; ,: 2 "' 0% 0.00 - '63% 1.26 37% ' +0.74 ., 14th SVBanllmoteo Cr Rd . :' 6111 sUSRSO:,,- -. 2 i 0%:'- '. 0:00 1 ''63% ..._ 1.26 ": '37% ..-'014 BeaumontAve/SR 79 : 3 -: 0% `--000 65% --1.95 ' 35% r- '--115" ' Beaumont Ave/SR79 Pennsylvania Ave --2 '`0% '000- r_65°% ' 1.30 35%.' ` '0.70. .: Pennsylvania Ave.. " Highland springs Ave 3 .A'. ": i _® .Sunset Highland springs Ave . .._ sunset Ave: ' .. 2 0% ' 0.00 ` ::65% 1.30' .: 35%' :*0.70. :. Ave" ::;: �.`-. 22rM Ave. . ,2 �.'0% '..'.000 _ 65% ' -.. 1.30 35%' . '0.70 s ®: 22nd Ave i - ' 8th St/SR 243 (to ldylkV6d)." , . ..2 . - 0% : '. 0 00 - -,65% :.. 1.30 36% . .' `:0.70 '. }.. " ethSt/SR 243 (to Idyl 'Id) Hargrave St_, - :.. 1 - ;:. 0% ..' '000:-' -75% '. `. 075 26% -016' :. Hergrave st '.' Ramsey St' ' 0%-'-'... 0.00" '- ":75% 0,75 '. .25%r ' 0.26.- _ ;. Fields RNJohnaon Ln 1 ' _ 0% 0.00 75% ' 0.75 - .26°% :0.26 I . _.. Fields Rd/JohnsenLn' , '.` .r Apache Tr ". _.:1 `.': 0°%:- 0.00 '.:1 :75% .. 0:75 _,_ 26% +0:26 .' Apache Tr _ `. MainSI.:. `. - _ ..0 1!-..100%. 0.00 .. l 75% .,., 0.00 0%' .0.00 - Main St' ,:'. ..: -. Verbenie Ave -' - 2 ' `.: , 0% ` ., _ .0.00. ` i' "- 75%' `. 1.50 [ 25% ' 0.50 .;. I I ! I Rainbow Valley. Blvd Frond SUSR 79 (to Indio) 5 - 0%_ 0.00 - - -52°%. - 2:60 _ _ _ 48%_ _ - 2.40._._ Front St/SR 79 (to Indio) Rancho California Rd _ 6. __ 0% 0.00 52% _3.12 48% -. -_ -2.88- -. Rancho California Rd Winchester Rd/SR 79 (to Hemet) 7 6% 0.39 52% _ - 3.44 -. _ - 45%_ - -3.17_ Winchester Rd/SR 79 go Hemet) __ 1-215 _. _.. 8 10% 0.81. 52°% _3.74_ 43% _ -3A5 1-215 Murriere Hot Springs Rd 4 - 3% 0.11 - 41%_ 1.59 67% __ _ 2.29 _ _ Murrieta Hot Springs Rd California Oaks Rd/Kalmia St _ 6 _ _ 19% 1.13. - 41% 2.00 - - _- 48%_ _ -2.87 California Oaks Rd/Kalmia St _ Clinton Keith Rd _ _ - 5 16% 0.82 . _41% 1.71_ -_ _ _49% -_ 2.47 Clinton Keith Rd _ Bader Rd. _ . __ -5- . 15% _ 0.74._ _ ._ _ l%_ 1.75 .. ----50% 2.51._ Baxter Rd _ -- _. Bundy Cyn. Rd. _ - _ - 5 -. - 8°% 0.42 __41%_ - 1.88_ - 54% _._2.70_ Bundy Cyn Rd_ - - Railroad Cyn Rd 5 4% 0.21. _ 41% 1.96 _67% - _2.83_ Railroad Cyn Rd - NMain 61 5 13%. _0.66_. 41% 1.78 _ 51%__.__2.56to . NMain sL _Central Ave/SR 74 4 - 11% 0.43 41% 1.46-.___53% 2.11_ Ceniral Ave/SR 70 Nichols Rd 4 0%. 0.00_ 47% 1.88_.- 53% _ 2.12 _. Rd Lake Si 4 0% _ 0.00- 47% 1.88. 53% _ 2.12. _: RV. 1 Lake Lake St _ Indian Truck Tr 4 - 6% 0.24. 47% - 1.77 - 50°% _1.99__ Indian Truck Tr Temesral Cyn Rd 5 13% 0.65 47% 2.04 46°% 2.30 _ Temescal Cyn Rd Weirick Rd 5 22% - 1.10 47% 1.83 41°% 2.07 Weinck Rd Cajalco Rd 6 32% 1.95 47% 1.90 36°% 2.16 Cajalco Rd El Cemto Rd 7 36°% 2.53 - 47% 2.10 34% 2.37 El Cemto Rd Ontario Ave 6 27°% 1.62 _ 47%. 2.06 39% 2.32 Ontario Ave Magnolia AVe 7 17°% 1.16 _ 47% _ 2.75 44% 3.10. Magnolia Ave SR 91 5 3% 0.15 47% 2.28 61 °% 2.57_ SR 91 Yuma Dr/Hidden Valley Pkv.y 3 15% 0.46. _52% 1.32 _ 41% 1.22 . Yuma Dr/Hidden Valley Pkwy 2nd St 1 0°% 0.00 52°% 0.52 48%_ 0.48 _ 2nd St 6th St 5 53% 2.65- 52% 1.22_ 23% 1.13.. 61h St Limonite Ave 5. 49% 2.44 52°% _ 1.33 25% 1.23_ Limonite Ave SR 60 _4 49% 1.97 52°% - 1.05 24% - 0.97 SR 60 Jurupa Si 7 56°% 3.90 52% 1.61 21% 1.49 '. - • "%I - '-1 i`15- ' '_ ` ° ' :":-' EtAv'anili AverVaira`renielvd 4 I .:. 81% ... ' 324 ` :: - 50%- . '--'0:38 .:I r-::. ,9%-'' i::.. 0.361'" &WandaAve/lianiBuren Blvd ,--° ' Mission BlvdCountry.Village:Rd " s-=-:.... 3.'. ' I 100% :---3'.00, _ I - 50%:: • .: 0:00 . 0%-', '-.O.00rf ! Mission Blvd/Cdunli ,Village Rdl_-- Pedley Rd'`, - 2 `'" r .100% _. 2 00 : - 50% ° :00 '.. 0% ... -.. 0 00 " ,'i b y •` PedleyiRd - %me Rd - =- 2 ". I:._ 100%L :€__ 2 0 -:509C '. 000 . -. 0% -., 0A01 :.3 Pynte Rd -_ -, ; . - Valley,WV %,. "' s_ .' 2 ; t..88% _ '- 17,7 I..' 50% _ -`. D 12 = '6%!..-',-',-. r0 12 ,. f° r .�' - + ;O - ! = " ' i.. Vevey Wy" •' Rubldoux Slvdl '.. 5 I IT OWD 00 '°' 50% - 2 50 60% _ 2 80 ' Rubkloux Blvd • . ' Market St ; ' °.., �6 I .. 0 D 00 %t I - 50% - -- 3 00 ° 60% ' 3 00 7 Market St , : - - ' Mein &Mirange et -._ IS . • --6 r - 0% •: •0 00 50% - 3 00 1 .:•: 0% & _ -3 00 Meln BVOrange Si ` _ West 1215/13R 91 Jundion, i. -. 5 095i 0 00 = 50%L •'_ 2 501 I = 50X . 2 60 ' Eastil215Junition - �.i Day St r2 I ' 5 '.: 23% '- 114 -::39% , 150 ":47X . -.236 D' St - - Pigeon PeeeRd/FredenrR'St 3 ' - '09&1. 10100 ''.39%. ' •--VW.. .' 61% .' 112 Pigeon Pees Ril/F.rederkk SU ._'Heecock St.- 5 3 I .. 0% •' 100 ...-39% 117 '-'61% ".163 ` -.. .. - -.t ' ..._._ .. Heaoeck & Perna Blvd t 1 .r 2 I 0% = 0.001 7.-39% _ .' 0 78 81% ._7 22 ' Perna Blvd _ Nason SU i " .. 1 I -. 0% . CM •a 39% '1 .019 .. 61% 1. 0 61 r - - Nmon .. •e : Auto MalliphwylMoreno Beach Q _`�1 I n- 0%. . o, O.OD -39% , 0.39. -' 61% 1.61'• ' -� , Aura Mali Pkwy/Mereno BeecMOrm Re"dlendaBlvd Redddnfle Blvd --' - -.� T6sodere tit- _; 11"...":12nz ..''• .0% ,''0.00 I' 42%" _ 084'' .' 18% __:_1A 6...'d TI1e6dere St. --- ..; oilman Springs Rd =_.. _, I,-aF'-v2 C_.D% _ _. 0:00 __ I.-�42%,._ am4` L._ _ 68%;'`=-1.16°'; ingandl Gilman 6pr, Jack Rabblt Tr _ � l r '; 2 " 0% - O 00E. I_- 42% 0 84 _ 56%` • -.. - 1 16 4: . :.1- RabbitTr,'--_ _ _.._-_::.a1.70/6818C.:. �.."._.�._::__> .':-__ "2u7Y:1 r-':046-'i..: 0.00L' I .142%., _. 13184. .,I._58%' _:.1.16r`2,.j RCTC 58 Draft: May 10, 2006 Fair Share of Future Freeway Deficiency BASED ON LANES (Continued - Page 2 of 2) From To Improvements Needed to Obtain LOS E in YR2030 ( # of Lanes) Improvement Needs Attributable to Existing Need (percentage & lanes) Improvement Needs Attributable to Total Weighted Pass -Through Growth (percentage & lanes) Fair Share of Improvement Needs Attributable to Growth in Western Riverside (percentage & lanes) c SR 91 POmonaRinonRd 1. :-'. `. .000 '`'67% 0.67 �33%. 13 ,-: '.:r Pomona Mixon Rd �. SR 63/Butler9eld Ranih Rd v 1 �.A% D.Oo 67%, 0.67 = �*1.97", -33% `,":0.33 ! County Line Green Mier Rd � : -:8 . , `_ _'40% 2A3 . -.'55% 27% r_ 111 ...":A....":A. " ' I Green RWarRd _ : , _.:. SS 71.....:.. -.. , " ..__. 6: _j.31% " �-1.86� • ... -' 55% . ' 2.28 . .:. 31%_ a .•._-186.::'' SR'71,. ,:°:: ..' " -_. Auto tenter.Dr/Sertas Cub: Dr ,. -:8 ...:. 50% '=...- :-3.02.-.•: .55% - _1.64'_ "=" 22%.__.: 1.34�' Auto Center DdBerfesClub Di ' ".MaPIesUWBth61 -.-- .• _.__..6 I'",-29%•. 1.72 . ".55%-•_.2.36 ,'a _.. %� .*12L.'_.' „I.931o2 I.'; .• „. +sic,,, " Mapte'sVWethst:_"' _, _ _.UnoalnAye; . .-._•:. "-.8. Ir.47% 2.83 :.55% 1.74` ;'_24%"<'.1A3 LbTaoin Ave ...., ' .., N -Merrill stew Gran41113W ::..:. ' " ', 8 '_ .'. '' _ .50%. .' " _ 3.01' : _ -55% - L'115 . _._ 22%r ° ..:1.36 u-i N Mani StIW GmndiBlvd : b ,` N Mein St'..' _ ' >` _ ' " .'_ . 0, ' `. -50% s 2.97 --. 55%' . ' _1 86 "- 23% `, . `1 36 ':'_".. . - ...,' o _.- 1-1s"'d •",_ ....,6 ......24%'. _ _ 1A2 ' : 55%• ..;.2.62 ' `.. i. �.34% `, -__2A6„<: 7 ' i 14-_ '-+ ; McKinley SL- t ' - ' ` :.4 .25%-. • 1.01 ' 34% :-1 02 i :49% ,, t1 97 -r. % "a•.� yx } MdOruey Sf _'...- r - Pierce St ` .. _ ' . 5 _ _ _45% '2 27 '34% ' :0 93 :36% . _1 80 :`i Pier-da 9t . - 1' - Magnolia Ave , . _ `: '. �4 _. :33%' ' 1.32 • _ -_'34% 0 ` ".91 ` 44%f _=1 7•� 7 " Magnolia Ave' , -..:_- Le6lmia Ave,. '_._ -¢..- 4 :.36% '_.:1.44 :__34%=. - 0.87 42% •".;... 1:69'-:. : ES Sierra Ave �.' Tyler ° �` 4 a .35% '.'.1 38 34% _-089 .'43% _173 .� , • _ Ty`Im,d + '' Van Buren Blvd / �` '2 .. " 30%' OOOt =.34% *'O 66 1:88% 1 32 _ ' bQ 'pb, ;,; e ` : f `3 � . G Van Buren Blvd . Adams St '- ' '2 1:. 0°% - 0.00* 34% :..0.68 :66% s _ =1 32 Mantels ' :. '- Madison St.* "` !1 �.°..3 4 , 0% - _ 300 . _.34% a = a_A 02 _'66% 1 96 " 1 Meoison 81 "-__ __ _-.° _ •. ... '', AdingtonMe: - ,-:. _',.. -.,,. -' - 5 '. ', 49% ..: _ _:2.46• .., :.:.34% .- ._-_ 0.88 °=.-33% .�_� '1 87..'n Arlington Ave ^..... - " .. < Central Ais ` ' _:4 • 32% .• -. 1.26 '.-. ,34% ' `.:0.93 . , y .:46% ' 1 811t cenual Ave .< _ - 14thsiisaoTimoteu.Cyn Rd:, ° "- 5 ," f::58% ; 2.89 ° ' - .34% ` .•0.72 ` `28% " 1.39,E i 6';.i'.w,.: - -..- Univ Avel9th StM Issionlnn," _.:3 --'26% _ -.. ''0.79 :`34% "'Sa0.75 ' -.;.34%•. . �'. - tlniveraily.Ave./9th StAtisaion Inn(,.. Poplar:SVLa Cadena Dr/Mulberry "5 r' �__53% :..:2.66 _.:1_:0.80".-_31% _.-.166=•- Poplar St/La Goan& 00Mulbeny, _:, SR 60/11215 .. . ' -:. .." -5 '...53% .. _.2.63 _ _34%`.-.0.81°- "31%_ r .-1.67 .,_ •.;%.'. _.°i 4..a 4" : .:a n ' .`_ L ,=r ". ` `N II I-15'. ':.. -.` Muineta:Hot Springs Rd ' `. : -."3 '.. - _i . 7%.. 0.22 ` f 29%--"' `, :0:81.. ' 66%- : .. 1.97T=' Mudete Het Springs Rd' -- ., Los Alamos Rd - - .` 4 ..i 18% .. ".0.70- -29%'„ ". 0.96* --:: 59%' . _.2.34 L. Los Alarms Rd'" J ` '- Clinton KeithiRd - _ '._ 4 ."- 17% : 089 ' 29% : 0.96 69%' 2.36 , ". Clinton Keith Rd _ - > > - scum Rd -":..'.. - `-.: `` ..4 .. .`. 17% 0.68. . 1.29% ,.:0.96 a`-59% 2.36. .;. Bcod Rd ... ".. � .'Newport .Rd-. .- _.-.' 3 .. ;., .9% 0.26 -29%'... :,0.79 '' $6% •'_--.1.94":`i: Newport Pod•_ _ ` . Mccanelvd - :. _ -- - 3 : 2% ` 0.05. <29% - 0.85 ""_ 70% ....2.09 ,t,: McCall Blvd.. -- Eth ane Rd.'. '. - 3 ; - i -0% --.0.00 • 29% 0.87 - : • 71% '-.2.13.2= Ethan= Rd __. - Matthews RdISR 74 (to IdylNNd) - - -3 ' 0% 0.00 .29% - - 0.87 !: 71 % . " 2.13. ' '. Matthews Rd/SR 74:(to Idyliwitd) Redlands Avemth SUSR.74.. 4 ' ° :14% 0.58 ' ' _ 29% • ''•0.99 ':: 61 % .. -2.43 7... Redlands Ave/4th.SUSR 74: _ D St 3 : , ". ' 6% . 0 23 '32% " " .0.89 _. 63% .1.88 ;''. DSt. - ,.. Nuevo Rd i .. 3 ;;'--0% ,. 0.00 _ ',_. 32% '`0.96 ._-`68% :2.04:4% Nuevo Rd ' .. Ramona Exwy/Caleko.Dow 3 ' . .". 0% 0.00 ' 32% • 0.96 ;:.:68% 2.04 Ramona Dow/Nalco Every &Irene Rd/Oleander Ave _ 4 ' - - 0% : ' 0.00 ' 32% : 1.28 66% 2.72 ,-' Stride Rd/Oleander Ave -- - Van Buren Blvd - - -5 - 0% . -' 0.00 " . 32% ` _1.60 . 68%. .. -:.:3M a . van Buren Blvd ` ' . cactus Ave 5 - 0% ,. 0.00 - .32% - 'r 1.60 '. 68% 3.40 ? Cactus Ave Alessandro lllud : 2 - ":: 0% 0.00 32% -_0.64 - $8% _ " 1.38 .:. Alessandro Blvd Eucalyptus Ave . ' 4 3% : -' 0.11 -.. 32% r:1.25. 66% - 2.65: ' Eurayplus Ave ;- _., East SR 60 Junction -.. -4 s:_ 2% 0.08. .32% ': .1.25 _ = 67% _."2.67.-:.` :�. - ` '•i.. J. ,' :. " . • c°:;`. •- , . East SR 60 Junction -' : .. Box Springs Rd/Sycamore Cyn " ..B _ . 50%.-. ..4.00.. - - 41% 1.64.. . 29%. ` 2.36 Box Springs Rd/Sycamore Cyn ...T Central Ave/Watkins Dr -_ 11' -:. 48%- - 5.28 41.%.'. .- 2.35 - 31% '....-,3.39''' Central Ave/Wauins Dr • a°: ''. El Cerrito Dr/Sycamore Cyn .. 10 . - 7,..47% .'. 4.67 -..41% :.216 '_ 31% .: .`3.14; '" ElCerrito .Dr/SycemoleCyn .> Marlin Luther King Blvd • '10 +..48%-......: 4:76 - 41%.-,:_2.15 __:31% ' _3.09'd7, Martin'tuther K'mg Blvd '. ', university Ave --, .' _. 6 , ... -37% - -`.. 2.96• '41% ,-2.07 = • 37% • 2.97.'^ UnlvemtyAve,_..`. :__'.'..3rd St/Blaine St .._ ... :8 : _ '61%- ;. "4.89 : ..41% = • _- 1''28 '.` 23% ..`.1.841?9. anisuStein° St . - ' Spruce SI :. ', ... _ 7 ... 60%.. . 4.23' " - '41% - .. 1.13 `... 23% - S -1.63 'a Spruce st__ ,.. .. .. west SR 60/SR 91 Junction. - 9 ,:.1 63%.. - .5.68. • 41%-.'1.36 _.. 22% •..:.-1.96r,mJ west SR 60/SR 91.Junction :" .. Columbia Ave .` 4 1 .23%.- .... 0.92 '.'56% '' ..1.73 ' ':. 34%-.. - 1.36 . . Columbia Ave Center St--. __ _ .. _.. 5 ° i.: 40%-:2.02' ' . 56% 1.67 '... 26% _. .131 :; Center st _: .. ; 6.La Carlene Dr :: - _4 s : 38% 1.52 - 56% " -f1.39 -'. 27%. .1.09 L(��aalaes).e_ S L t1 {' SY t t 1} l' Li i 'R x' 5 _. ,' eve 1 {` .i9 f 1 +���i IF} _ VV M . f 4u �.,'i+_... �1 u.1 •. 1� ni tD ' SR 97 between County Line and 1-15 based on improvements identified in Riverside County -Orange County MIS: a total of 5-6 lanes per direction added on SR 91 and parallel corridors. This table includes the 6lanes per direction high end. RCTC 59 Draft: May 10, 2006 Table 4-3 Fair Share of Deficiency (Lane -Miles) Fair Share of Future Freeway Deficiency BASED ON LANE -MILES From To Improvements Needed to Obtain LOS E In YR2030 (#of Lanes) Segment Length (miles) Improvemen t Needs (lane -miles) Improvement Needs Attributable to Existing Need (percent Slane -miles) Improvement Needs Attributable to Total Weighted Pass -Through Growth (percent & lane -miles) Pair bnare or Improvement Needs Attributable to Growth in Weatem Riverside (percent &lane -miles) Fair Share Converted Back to Lanes County Una Rd ::: sanaaptidd Dr/sth St. 2"- .: 1.05-: ' 2.11 . '. 0%: . 0.00 . '' -63% 1.33: ' - :- 37% . '- 0.78. .. 43.74' . '. .' .. SandaNvodd 0051h. St .• ' _. singleton Rd .":,' 2 ". :.'1.04 2.08. i,.' 0% :..:: :.0.00 , -'63%.._. :1.31 .''. : 37% ,: '0:77. - 0:74 ::: singleton Rd Chant' ValleyBNd . : _ 2 - .. ' 1.07 ..2:13 `(. 0% 0.00 : -: 63% - : 1.34 :. , 37°% - 0.79.7, -' :0.74..: Chem valley ma. Rest Area YOB`I-10 .. _.-2... r1:15. 2.29; - 0%. :.. .:: 0.00, . 6396 .1.44 i.: 37% : ..0.85- ' ,0:74 r Rest Area. WB 1.10' - ' ` .. ' 141h Su8en nmoteo Cyn Rd' " " " ' ,.2... 1.34.. 2.67 • ' 0% "..: 0.00 ' :03%' -. -. 1.68 .37% -'0.99, i 0.74 - . 141h SUSamnmoteo Cyn Rd _ sm St/SR 00 :_. .' -.2 .. ,.1.07 :: 2.14-.. 0%:..:. 0.00. ::63%-_:..1.35 .37% ' 0.79: Ii-.-..0:74: 7. '.. Nh SuSR60 Beaumont Ave/SR 79 3:. .0.84 251.' 0% 0.00 'I65% 1.63 35% 0.88- 1.05 ®- Beaumonl AW/SR 78 ' . Penns yNanla Ave 2 0.75 `1.49' - 0% ': 0.00 ..4135% 0.97 '"35% • :0.62. 0:70 Ave' -'..i Highland Spdnss Ave tPennsyNanle .. ' 0 .. Hghland sprirge Ave Su 'A 2 -. '2.05'.: 4.09' 0% `-_-. 0.00 .65% 2.66 ..`35% 143' (0:70 Sullen Ave '..:' 22nd Ave am `... 2zna Aw ah St/SR:243(to layikdu) -. .. 2 .: ' :0.92- 1`.84" -' .0% ". 000 ,-: 65% 1:19 ', -, 35% .r 0.64 . .. '0.70.;.. an SUSR 2430o Idyl FxOdj". ':-. Hai-94w St Hergiaw 5t -;• "..' .-' _' Ramsey sf - '. . .' Ramsay 5t - •. Fields RdlJohnaen Ln- FNIdsRd/Jo hnsonLn ' , Apache Tr Apache Tr .... ":: 7. Main St ` .: O...: 1.60' 0.00'".-. 100% 1- .000 .- 75% J(: 0.00 -. `0% - -0.00 . 5.0:00 ;" Main St Verbenle Aye '. __. .. 2_.... .. 5.00. .10.01'_. . 0%_ ,... 000 .:75% -7.51 i+.26%"" "2.50 . '::._10:50. i._:' Rainbow valley Blvd. _ _ _ Front St/SR 79 (to Indio). _ _5 3.55 17.77 0% - 0.00_ __52°%____9.24. - 48% 8.63- 2.40. Front St/SR 79 (to meta) Rancho California Rd 6 1.58 9.47 0% 0.00 52% 4.92 48% 4.54 2.88_ Rancho California Rd. _ Winchester.RdISR 79 (to Hemet) 7 1.52 10.67- _6% __ _ 52°%_-__5.24 45% 4.84. -3.17. Winchester Rd/SR 79 (to Hemet) T215 8 1.87 14.97. 10% 1.51 - 52% _ 7.00 _ 43% 6.46 - 345 F215 _ Mumeta Hot Springs Rd 4. 1.16 4.64 '.. 3%_.___. 0.13 __. 41% _ 1.85 67°% _2.66._ _2.29_ - Mumeta Hot Springs Rd California Oaks Rd/Keine St 6 1.24 7.46_ 19%. 1.41 41% - 2.48 48% 3.57 2.87 California Oaks Rancalmia St Giaon Keith Rd 5 2.89 14.43. _ 16%_ _.. 2.37 __ - 41% _ 4.94 49%_ _ _ 7.11 _ _. _ 2.47. - ClintonKeilhRd. _ Bader Rd 5 1.45 7.26- 15°% 1.07 _ 41% 2.54 _-50% 3.65 _2.51 Baxter Rd Bundy Cvn Rd 5 _. 1.17. _5.87_ __8% _0.50 41°% 2.20 _54% _3.17__ ___2.70 _ Bundy Cyn Rd _ Railroad Cyn Rd - 5. _ 2.94. - 14.70 4% _0.62 _ 41%. _ 5.77 - --57°% 8.31 : - 2.83 Railroad Cyn Rd NMain St _ __ 5 _ 175 8.74:1. _ 13% _ 1,16 - 41% _ 3.11 . _ __ 51%_ _ .4.47 2.56in _ N Main St Central Ave/SR.74 4 1.18 4.72. 11 °% _ 0.50 _.. 41 % _ 1.73 53°% 2.49 _ 2.11. CenUelAw15R 74 Nichols Rd 4 1.73 6.93.. -0% -- _ 0.00 47°% 3.26__ _53% 3.6Z_ _. 2.12_ Rd _ Lake St 4 2.88 11.54 0% - 0.00 _ _47°% 5.42 _63°% 6.11 2.12_ wing-Nichos 8 Lake St Indian Truck Tr 4 3.66 14.62 - 6% 0.88 47°% 6.46 _ _ 50%. 7.28 1.99 Inman Truck Tr _ Temesmi Cyn Rd 5 2.91 14.56 _ 13%. _ 1.91.. _47°% 5.95 _46°%. 6.71_ -2.30__... - Temescal Con Rd Weidck Rd 5 2.31 11.54. _ 22°% 2.54 _ _-47%_ 4.23 41%. 4.77 2.07 Weinck Rd Gelato Rd 6 1.04 6.23_ 32°% ___2.02 47°% 1.98_ _36°% 2.23 _2.15_ Cajelco Rd Et Cemto Rd 7 1.19 8.30 36% 3.00 47°% -2.49 34°% 2.81 2.37 El Cerrito Rd. - Ontario Ave 6 _0.95 5.68_ _. 27%. _ . -1.53 47% 1.95__ __39°%_ -- 220 _ _ 2.32_ Ordano Ave _ . Magnolia Ave 7 1.87 11.70 - 17%-. _ 1.94_ _ 47%_ _.. 4.59 44°% 5.17 _ 3.10. Magnolia Ave SR 91 5 _ 0.91 _ _4.53: 3% 0.13 47%- _2.06 _ 51%. 2.33 2.57_ SR 91 _ _ Yuma Or/Hidden Valley Pkwy 3 2.15 6.45_ _ 15°% 0.99 - _ 52% . 2.84 41%_ _ _2.62._ _ _ _ 1.22- Yuma Dr/Hidden Valley Pkwy 2nd.St _ 1 1.00. 1.00___ ..0% 0.00 __52%__ _ _. 0.52. 48%._- 0.48 _ 0.48. 2nd St. - 8th St. 5 1.00 4.98, 53%_ _ _ 2.64 _ - 52% 1.22 - _.23%. _ _ 1.12 1.13 Bth St Limonite Ave 5 2.77 13.83 49% 6.75 52% _ 3.68 _ .. 25% 3.40 1:23 Limonite Ave - _ SR 50 4 - 3.04. _ _ 12.16 _49%_ __ -6.00 - 52% -3.20- __24% 2.95 _. _ 0.97 _ SR 80 Jumps St 7 0.83 5.78 56% 3.22 52% 1.33 21% 1.23 1.49 `.. , ""%' : - -� ` • .. 1+15 •.� " -' - --."� EtkveMe AveAtad Buren Blvd(.."..1 Enron Me AvelVenlStiien Blvd&r_._ I Mission BIMlCotintry.V&IagiiRd..' .'.-.3'.. '..`0.98t_ 2.88:-:'100% 2.88.E IJ.50% _.':0.00 ...10%"___ 0:001•'.>r'.0:001J1 Miss -ion Blvd/Cauntiy Village Rd_: I Pedley Ref:- ' 2-- 1.45". 2.91i"''100%" _. 291 C=50% ':000 13% .OAO _-0:00 '`i. Feeley lm _'.:' -_ qme Rd . -", .-- .4.17, 2.34E _ 100% :• 234'.'"' I -:50% 000 ..:i0%` 10.00 0:00' :i,, valley wy -_` '. "' . _` '7 `. ' 1. _.1.57 I.. ;3A4r-_. ' _88%_.._-:. 218i--- I' ,50%... -.--'0.18 6316... �._-.0:18t ,7 :0:12 . 7 valley wy Rubidouz BlM. _ _ 5 -' 2i19.': 10 91 0% _" 00 0000 .50% � _ :5 48 " ::80% 5:46 a -. ":2:50 - - .Eastl-215 +. Rubldova Blvd �_ `. Marketst ' .J6 1.24? 7431I:,0% " _ ."50% 372 I .50% 372 3,00 Market St `. Main SUOFenge st -, 6 " 0.65. I 3 93 0% : 0 00 1. i50% `1 961 I :50% 1.981 i I .:3:00 Main suorange et'. s : want-215ysR.9t Junction ' 5 - DAB_ 240E- 0% 000 r50% -.120 ' 180% -1:20 r c 2:50 ._ Junction;._ _ `10ay St_._.-,_ y 5. ':1103S i-. 5.17,.,::, _. 23% 1.18_ -39%. '_1^.55 .-.._47% _:-2:4 ` f "x.2-:38.=.' S1 _.. _ `.. ...'J Pitmen Pesa Rd/FNdeddf St .- 3' k .. _0.78' 2 33 .:. 096 0.00..:-1 (--39% : ` =0 91 ".: 61% S.42 L ar1'i83 Plgeon Pass RmFrederick'8l _: HeeMaiSt N. . 3.'. . 1:34) 401tk7 0% '-:_000 i._3g46-::.1513 . ::81% -2:46 F.`1°.83 .,'�Day • �,�_ : � ."• ,.. ?,y; Pam &M' . _ :p 2:.::. 0.69, & 1 381' -' ' 0% ^ _. 0.00 I -'39% i.. , '.054 . `_01% '0.84 -1'.22 Penh 866 - ° n . _: Hason SP' ' . - tI ' , (- :2.08> 2.08. t .0%- --- 0.00- I 3996 _ ` - 0180 ^ `,811 .."11251 ' 0:81t c': Naarn t T - ---'. Milo-Ma9Pk7vtNMwen° BeachOi_ ' -df_- _,:11781_ :.-°'0178I_:.'+.0% 0.00 1 .3996a'__...0.30 _181%._ •., `0:47 ''t L'.. F0:61t Auto Mal Pkwy/Mnkino BeednDE: Redlands Blvd,'.. .; ,.:_ - r :'0':. ,,. I--128 `" OOOi: l.'....AGM.._-'-0.00 _I.:-39% ' -COO ,.t-;0%'.:,-_ (1100 'r-0:00--d Ridlande B64 _. _: TheodoreSt"-: `..' 2:... 11 3190' 1:81P.c - o% _.- 000 :_42% _ ,0713 "'58% 105 1 i1:18 '. - - ` `: Theodore et . _- Gilman 8p11ngs Rd .'.: - _ 2'...._ � I 0:73C la 146 -.:: 0% �: 0.00 I`42% ' ".70.61 ..: - 48% '0.85 .5t316 }a;" Giboan Spdsoa'Rd_: Jaak Rebbll Tr _ .""`:.: f " "3.2' -.- 11 5:90' ' . 11.80` .. c 0% - :--. 0:00 I _ 42% . '_.4.95.-. - I :=_-,5816: T13:84 : .. _1:18 . :leek Rao80Y, 'n _ [e.- 140re111St'__- -'S r `«__.2'.L.�s-1 f 2'.51. . 5:02i_z`.:. 0%"_ J0.00 _ C:42%2.-. 2.11L._1 I_i58% 1i.. 2.911_, '_118.: RCTC 60 Draft: May 10, 2006 Fair Share of Future Freeway Deficiency BASED ON LANE -MILES (Continued - Page 2 of 2) Fr])om To Improvements Needed to Obtain LOS E In YR2030 (#of Lanes) Segment Length (miles) Improvemen t Needs (lane -miles) Improvement Needs Attributable to Existing Need (percent & lane -miles) improvement Needs Attributable to Total Weighted Pass -Through Growth (percent & lane -miles) Fair Share of Improvement Needs Adributable to Growth in Westem Riverside (percent & lane -miles) Fair Share Converted Back to Lanes �.� r' ,( sR,B1 Pomona Mown. Rd , 1 ;. • 1,48.. 1 48! , 0% - - 0.00 - •`' 67% 0.98 � 3.3% 0.48 .0.33: ' Pomona Raman Rdl.. °tiRe3Sutterlbld FY . �' Ranch Re 3 _ _ 1 1.84`- _ 1.84 0%, 0.00 1 _ '.67% °'110 -,, J2,24 33% '+0.54 ,., 0`33 - r l'i. c'oAAAAuntyLinea '0'' . -` `.Given RNeiRd, 6 a' - 1.14 8.83 :- . 40% - 2.78 5.55%. Z. . 27% t „ 'tea -4-14 `7"1":e1 4 `* Green River Rd 6R71 . t, ;.1,:e -' a0.95 „5.68:. 31% . - 178 ,, c. 55% ,_218 1-`:31% -117 !,., 148-"%. sRF7a °`w° _ 4• • ' °• ;i ; Auto ceder Dneledas cmo or''=- , a f ; 6 Y " 1.62. _y 9.73 ... 50°.b ` 4.89. `.v • 55% s:.;*.'. 2.68 '.-22% a. .2:15.', 2' .1':34 �.:.� Aura came`nor/t3drfessobor,•._: maple soy sib at =.^'." -0 _. 'c'-0.73". "4:41,1:r 29% -, A.28 ` ',55% _''•-1.73• :::37%_.;.e'°.:.:.✓,42 _ :97ii93`.P? Maple 8vW Bth St _ ° n S. ' t5rwoin Ave -. _ __ S „ ..' IL -` " 2 D 98:_' 5 89_-. 1, 47%' ; _ 2.78 7 55%h 1 71 • _e 24% '" '1:40°' i s _1 A9 ^, ., Lhiidin Ave ,, a -z" f -° r'b�_ N McMll`sVW.Grand Slid •'3 :- L6 :a_ >_ 0.39 - 2.35 - 50% ' - 1 18 • :. .. 55% v 4564 '1 `-" 22%, ', 0 53.„> ° 1:35 :IT •° N.Momn strwoiard:ewai� a � , -__ N Mein s " .: 8 ° t. 0:87- '4.05 50°k 2 D1 Y .. 55% 1 12 , ' 23%r c'0:82r4J; s4''1:361: Ai t.Y +:- e1:97P.,i f`"•'"Sai..ff / d } ,♦r^w _^ry/ ° ;�;.-, ^"„ci °.R .° .tl s i 1'er L.'•:,^^'.=: i F1�. Mdtln vStr::e" to "` 4''-a, .1,3 7 . ''6.92�_ .25%' 1.75. ' -34%,e 1.78" M1aC :49%'. • 3.42.. MnwniiiSt ., .• _ :i Pleree st t. L I -_ a •' , . 5..' ,' 1.32_� 4h, 6:60 45% _ 3 00 ..::: 34% :'1 23 ..36% a _. 2:38 � _1t80fe725.I Pleiue 6t t ° 6 ;. Magnolia Ave -_ J .i: 5* 4 " '". 0!80 : '..' •2.42 -t 33%" 0 80 •.' 34%.". . 0.55 - it s 1:07 % 1.77; Y1 i agnol,a Avail_ (t . .` Ls Sam Ave _- .... d 4 :" •0.88. '3.531-_ 38% .�. 128 ' 34% r-077 4142% 1.4 7:691...,..!* " :; Le Bbna"Ava . ' Tyler 81 _ .' _ �._ -..r' +,.a _4''.. ' 1.08:: 4.22 __ 35% 1.46 "34%._ _.."0.94 .'43% °..>1162 _._.1:73:II TylesSl _ ' Van BuremBbdf '"- 2 :. 1.03 _ 205 _ ". . 0% - r'.' 0 00 . - 34% :,:0.70" .: 86% . 1'i36 ° .m .1.32.«€5 Vae:BuremBlvd • -- ..(Adams 611 b'.•7 In '" 2 1.55.= 3.09... 0%. : 000 ° ° 34% ea105. ":,86% '.2:04'.a.' 17:32srn' Adams St -s ", Mnds.99t -".. a `, , ,'•3` . 1:03," 3.1011. 0% 0 - .00 ':_34%. .-:1.05 _'•.-66% _ �205 7 :h 1.98iNv Midiidn st t ..^- w:.:. Minolon Ave {... '_.. ", <.:6-. .. 1'._19'.. ..:5.98'_. -49%• -: 2.94', -34% "_ _1.03 J -33%' '.a2.00 4 :,a1:7:An,- , Adingka A4e - r r -' Cenbal Ave' . - •4 -;. : 0160" 2 38:° - 32% - 0 75 '234%, • 0.55 ': 45% 7r1.08 c "" '1:81C.4•. ,q "" • tibia Ave - r •: 14m 6t1So Tlmaroo C>n Re "- i" ;-5 ', ' ' 1.57.. i _ . 7:84 ". 58% -_ 4.53 .:x 34% �i,1.13 ° - 28% 2111 r A 1 39�..1 .dr*", 14th Sdsan,Tlmoteo cm Rd -.'- University AveRIn SUMinbn Inn . ^ 3. t..0i38%.., 1,15 -1. 26%_•.... 0.30 , 34%_ _;0.29_' :49%b:_-:`A:66 ..', ...0146.e,i, Widversiry AveNtoSl/Mlssbninn Poplar suLedetleneDr/Mulberry _ ':5".= "0:76`.26'.'3.92. i.-, 53%:7_::. 2.08.._-,'. 34%.. 0.63,.-.. -.: ':T31 ._: �16541: Bopar 8bia CadensDrRaulberry: _'-'. 8R 90I9216' •': e ' . ; ." `: . ; 5-'`:. °" --:0:48.• . 2.39 '• 53%; 1 - 1.28 ' ..` -_ 34% _ 0.39 z.. ;..-31% _ .-.:0.76 ^ '.-,:.:1.57:lt ' .. - • : conk me I-15,. •• .. ... Munlem'Hot SpMps Rd' .. ' -3. ..• 0.87' 2.62" ' _7% ' 019 ` . -29% .. 0.70 - - 88% .` '112 : ;. 1.97. "a..'' Mandate Hot springs Rd , ...: Los Alamos Rd : 4. -- . 1.16 . 4.63. 18% -. 0.81 • '. 29% s'", 811 .- 59% . 2.71 . '..:2.34 ,' t Las Atemoa Rd' .'- -: Clinton Keith Rd.. . 4 _- t 1.83 _7.32' h'17% : 128•.- - ..,29%.. ,:_'1:78 :. :,. 50% 431 `-:'. 2.35 -:_". Canton Keith Rd. `-' .• -.: Scud Rd' _.: '.. .. 4::-• -'3.03:.. ::12:12-.. 17%-... ' 2.05 " ' 29%`.--'-2.92_• - -_ 59% ,.. .. 715 , --2.38 °.' Scott Re _:. :.: - NewporiRci , :. .. _ 3 .'• : , 2.94 - . 8.81- 9%.:: - 0.77`- --'29% -.-`2.33' %i 66% :: -' 5.71 ', , 11.94. _S1 Newport Rd - `.•. ; -: McCall Blvd -... _ F _3 : •: 2.43- -. 7.29... _ .2% :- 0.13. r .,. 29% '.' r2.08 2'70% ..: _5.08 °";'+,._2:09 ..._1 . ' Or McCall Wad, . -.- •'. Ethane° Rdi " - - : ; :' 3 - ':. 1139 - 5.08 0% _:. 0.00' ' . " 29% ' '.']1.47 _ : f..7.1% •--'3.60 , '. 2.13 ",. ;..2.13'.e Ethenec Rd. -'` :' Matthews Rd/SR 74 PO kNIMIld). , s _3.: -. 0:78, 2.33'.-.:- 0%' 0.00-.." ', 29%' '.t-0.87 :: 71% • "-..: 1.65 -'. Matthews Rd/SR 741po idrawild) ` Redlands AireSIM St/SR 74 : - 4: _" , 285. 10.60 14%5.-,- '1.53 '_-: 29%'- :- 2.63, -, 61%° :.`.f 6.44' :.. 2.43.';`" Redlands AveAlli:St/SR 74' ' - D st ' ,..;... - - 3,-' - 1.18 3.53': - 8% ..^ 0.27' :... 32% -- `1`04 r 63% : 2:21 ,.-1188•, Nuevo Rd --: 7Q - .'�3- _ ,--0.62"-.: -1.86- 0%"-• 0.00 ^ ` 32% °0.59;. - `-68% . 1.26. -,:12.047.." Nuevo Rd - :.. - -..- Romans Exisy/Cateko Emory - t _-3 ' 3.20 ' '_ 9.80. 0% ' 0.00 .' ,`: 32% 3.07. ` ".i 68% . : 6.53 . `2.04' „4- Raman Savoy/Catalan Eewy " strata Rd/Oleander Ave- 4 _ 1.23 ' 4.93`. . D% 0.00 :- 32% ` . '.1:58 - "- 68% ' _ 3.35 i. s - 2!72' ' stiane RMOleanderAve Van Buren Bad :. "" - .'5 - 2.06. 10.29 0% - 0.00 _ :.-32% • _ -329 - 68% 6.99 `3.40, e� -- _ p `V 'I vmr Buren Bad - Camus Ave _. - - 5. - 1:45 . 7.23' D% _ 0.00 - ' 32% .2.31 5:88% : 4.92 -; 3.40 '_ ceaus Ava. AkssenErb Blvd. _ __ 2 :- 0.60. 1.20:. 0% 0.00' 32% .'0.38': ' 88% 0.82' . '1.38 .'. Alessandro BlW - -: Eucalyptus Ave _.. _ 4 .. � '- 1:01- . 4.04`... 3%- D.11 ' .32%, _' ' " 1.26' 66% .. - - - 2.67 255 '. "'. Eucalyptus Ave- ` ' ° :. East SR'.SP'Jundion "_ _ . •4 ':. D.91:. ".•.3.68, 2%. - 0.07 n 32% :. •.'.. 1.15'" : --67% 2.44 -...2.67?„' .' . '.. ' . ••. P. - Esst'SR 80 Junction. -. Boa Spdripe Rd/Syoamore Cm'- :..8" ' ' 1-. 0.58. :4.63.- -50% --- .2.32' i 41%. ' '-. 0.95 -' --=.29% 1'- 1.38 . -- 2.36,, •, Box Springss Rd/Swemore Cyn,.,: CenralAveMaiklna Cr *' 1.1_` _0.91,= ::. 9.96' ^ 48%-.- 4.76 '`.:: 41%°<_,-: 2.13- -.31%• t:-3.07 -.'r3.39�-i Cenbal AverWatklns Dr v ` -.:. El Cerro D8Syoemore Cyn -' • :10.. ^-_-0.85 ' 8.45' . -47%' _ 3.02 ."'- 41%-•..r_. 1.41i : 31%-.-..:2.03 '" T:3.14, -': El Cermo urSyceinoie CO.".-.'. Martin Luther Kira Mad,' .., • 7"10 1(-,0185- 8.52. .' 48%, '4.05 )', ` 41% - 1:1.83=:-. ...,31%. 2.63..'; ;3.09, r:-0 Martin Luther MIN Blvd'... _._ Universal( Ave . ' ° .. _ 8. _. i 4'0.50.. :, 4.02 37%' : ' 1.49 -, ' 41% .- _i :.1.04 :'.:.37% ': _ -" 1.501 - ' : _.. 2.97",..T OniveisW Ave: _.'.' . .:- am&Blaine St '_ _.:. .. _ ._ 8::". 0.88. - 5:30•:. :. 61% - "3.24- _ '• 41% -, 0.85 : -.::'23%. _ . ..122'_ -..,.:-1.84''.. 3idst/Baine'6i :_' -...: Stevie St-°- . - _ .-7: :. --._0.88. '_: 4.78' 60%-.- 2.89=. -.; 41%-'__'-.:0.77`. -23%.'... 1:11 '. 1.83 "�'': spruce St .. ''.. West 6R60/SR 91 Jundbn -:'_ l 9 0.42 :.3.78' 63%` 2.38 .. ': 41% -. .0.57 !.•22% ' -. 0.82: .°--1:98.:', West SR 60/SR 91, Junction _ Columba Ave.. • • ' -4 - 0.64': .. 2,58 23%.'. .. 0.59 58%'. °'•1.11 34% 0.87 '1 _1.36 . ColumNe Ave Canter St' : 5' 1:12: - 5:81- . 40%- . � _ 2.27 - --''. _ 56°h .:1.87 ` :"26% - � 1:47 :.1131 ::�' Center SI :. ; _. 6 Le Cadens D , f = .' .: 4 ,. • - .0.31 - .1.23 - 38% '_" :" 0.47 . ! - 56% .. _ 100.43; . . '. -:27% • " - 0.33 :. . - , 1.09 . .., Yt4 7 a s ,.,, 'i • 'E l �►it (lane-m i'les)�' Y 1, ),wq IR _1'ii/iF - 'ii.a .fi'. 4 t r t r �� #, r.,+ ,t . A r .it +652, x-'.e. $ ( ! 1 k...... �"rrV �2 't !' a. S Y r 136�a i!r- �.:I i 2Sr1f , _�....- i ,.,. .it ,e 'S )•'}°� W Y s K 1 �285)� t ¢hr'.. i. 6aa U2�p00 `SR 91 between County Line and 1-15 based on improvements identified in Riverside County -Orange County MIS: a total of 5-6 lanes per direction added on SR 91 and parallel corridors. This table includes the 6lanes per direction high end. RCTC 61 Draft: Mav 10. 2006 5.0 FINDINGS AND RECOMMENDATIONS This section summarizes the findings of phase I of the Freeway Strategic Plan. In particular, this section outlines the relative technical feasibility of establishing a program for new development to mitigate its fair share of the impact of new development on the freeway system in Western Riverside County. This section also provides recommendations for specific issues that need to be addressed in more detail, should there be subsequent phases of this study. The additional detail would be directed towards establishing a defensible nexus should instituting any type of freeway mitigation fee be the direction. 5.1. Available Funding Sources and Funding Shortfall Riverside County Transportation Commission Ordinance No. 02-001 (November 5, 2002) establishes the basis for expenditure of revenues derived from the reauthorized Riverside County one half percent retail transaction and use tax (commonly referred to as Measure A). The Transportation Improvement Plan that accompanies the ordinance outlines the expenditure plan for Western Riverside County including an estimate of funding anticipated to be available and the share of revenues that are expected to be dedicated to projects on the State Highway system. The Transportation Improvement Plan states the following with regard to revenues and expenditures on State Highways (primarily reflecting the area freeway system): Many more state highway improvement projects are needed to deal with congestion and safety problems than existing state and federal revenues can fund. Projected formula funds from these sources over the 30 years (of the reauthorized Measure A) is estimated to be $640 million and will fund less than %2 of the improvements needed and identified in the Expenditure Plan, which are estimated to cost $1.66 billion in current dollars. Measure A funds will supplement those funding sources by an estimated $1.02 billion and will cover the remaining costs estimated to accomplish these improvements. The Highway projects to be implemented with funding returned to the Western County Area by extending the Measure A program are as follows: ROUTE LIMITS PROJECT EST. COST 91, 60, 1-15, & Reducing congestion on these routes will require that new transportation corridors are constructed See Section 2 1-215 Rte 91 Pierce Street to Orange County Line Add 1 lane each direction $ 161 million 91 /I-1 S Interchange Add new Connector from I-15 North to 91 West $ 243 million 91/71 Interchange Improve Interchange $ 26 million RCTC 62 Draft: May 10, 2006 Rte 71 Rte 91 to San Bernardino County Line Widen to 3 lanes each direction $ 68 million 1215 60/91 /215 to San Bernardino County Line Add 2 lanes each direction $ 231 million 1-215 Eucalyptus Ave to 1-15 Add 1 lane each direction $ 210 million 115 Rte 60 to San Diego County Line Add 1 lane each direction $ 359 million I-10 San Bernardino County Line to Banning Add eastbound truck climbing lane $ 75 million 1-10/60 Interchange Construct new interchange $ 129 million Rte 60 Badlands area, east of Moreno Valley Add truck climbing lane $ 26 million Rte 79 Ramona Expressway to Domenigoni Parkway Realign highway $ 132 million SUBTOTAL Measure "A" Funding State 8 Federal Formula Funds $1.02 Billion $0.64 Billion TOTAL $1.66 Billion With the exception of the Rte 79 project, all of these identified projects would provide additional capacity to area freeways analyzed as part of the Freeway Strategic Plan. As a result, it is estimated (based on the 2002 Measure A Transportation Improvement Plan) that approximately $1.53 billion in Measure A and State and Federal Formula Funds would be available for area freeway improvements. It is important to also note that both Routes 74 and 79 are included as arterial highways in the WRCOG TUMF program. The Transportation Improvement Plan additionally identifies four freeway corridors as candidates for the development of new related transportation corridors. The plan states: State Routes 91 and 60 and Interstate Routes 15 and 215 cannot cost effectively be widened enough to provide for the traffic expected as Riverside County continues to grow. In addition to the specific highway improvements listed in Section 1 above, congestion relief for these highways will require that new north - south and east -west transportation corridors will have to be developed to provide mobility within Riverside County and between Riverside County and its neighboring Orange and San Bernardino Counties. Four new Transportation Corridors have been identified as necessary through the Community Environmental Transportation Approval Process (CETAP) currently underway. An estimated $370 million in Measure "A" matching funds to leverage local, state and federal funding will be made available for environmental clearance, right of way, and construction of these new corridors. RCTC 63 Draft: Mav 10. 2006 This provision of the Transportation Improvement Plan potentially makes available $370 million in revenues that could be used toward the cost of new freeway corridors. The completion of these new corridors would provide additional freeway capacity to supplement existing freeway capacity thereby providing a possible alternative to adding lanes to the existing freeways. Although further detailed analysis would be necessary to determine the applicability of new corridors to meet future demand on existing freeways, this provision offers the potential for up to an additional $370 million to be used for future freeway needs. By comparison, the Freeway Strategic Plan estimates the cost of future freeway capacity improvement needs to range between $8.234 billion and $13,346 billion. Clearly, the allocation of Measure A funding and State and Federal Formula Funds will not be sufficient to meet the future demand for regional freeways in Western Riverside County based on the anticipated rate of growth. The potential funding shortfall will need to be met by identifying and developing an integrated strategy to address future freeway funding needs. Alternative funding sources could include public -private partnerships, the application of development impact fees and participation in regional programs to address the impact of pass through trips on Western Riverside County At the time this Technical Memorandum is being prepared, RCTC is undertaking a detailed analysis of Measure A related future freeway improvement costs and updating the forecast of sales tax revenues. In addition, RCTC is evaluating opportunities for public -private partnerships to fund transportation system improvements. Any subsequent phases of the Freeway Strategic Plan should utilize refined and updated cost and revenue information as the basis for better evaluating available funding sources and any potential funding shortfall. 5.2. Freeway Strategic Plan Feasibility Although Phase I of the Freeway Strategic Plan utilizes order of magnitude planning level cost estimates to quantify anticipated future improvement needs, it is clear that traditional funding sources will not be sufficient to complete all freeway system improvements to meet future demand. Based on the Measure A Transportation Improvement Plan, between $1.53 and $1.90 billion in Measure A and State and Federal Formula Funds Revenues will potentially be available for delivering freeway system improvements in Western Riverside County. By comparison, the estimated cost to complete future freeway capacity improvement needs is between $8.234 billion and $13.346 billion. Section 3.1 of the Freeway Strategic Plan indicates that population and employment in Western Riverside County is anticipated to more than double in the period between 2000 and 2030. The population of the area is expected to grow from 1.2 million to 2.4 million while employment is expected to grow from 388,000 to 916,000. This substantial rate of growth in the area will result in a significant increase in traffic demand, particularly on the freeway system. Section 3.2 demonstrates that under this growth scenario, total daily vehicle miles (VMT) of travel on area freeways will grow from 21.0 million in 2004 to 31.5 million by 2030. In the absence of further investments on the RCTC 64 Draff: May 10, 2006 freeway system to meet the additional demand that will result from new growth, the portion of total daily VMT that will experience LOS F will increase from 13.7 million to 31.1 million. In other words, without sufficient investment to mitigate the cumulative regional impacts of new growth on the freeway system, approximately 99% of all freeway travel will be under congested conditions. The results of the analysis in Section 4.3 indicates that between 41 % and 44% of the cost to improve freeways in Western Riverside County could be attributed to the cumulative regional impact on new growth. Although the three separate analyses in Section 4.3 utilize different parameters to assess the share of traffic growth that could be attributed to new development (in this case, future passenger car equivalent volumes, future lane requirement and future lane -mile requirement, respectively) within Western Riverside County, the results consistently indicate that between 41 % and 44% of the improvement needs could be attributed to growth. These results demonstrate that there is a strong basis for assessing new development for the impact it will have on the freeway system in the future. The analysis results indicate that it would be feasible to continue to develop a program to assess new development for the cost to mitigate growth impacts on the freeway system in Western Riverside County. While such a program could potentially generate significant revenues to address the cumulative regional impacts of new growth, it should be noted that a funding shortfall would still exist. This shortfall is consistent with the findings of this study that indicates a portion of the freeway needs are attributable to existing development and pass through trips that are related (at least in part) to development activity outside Western Riverside County. The remaining funding shortfall highlights the relevance of a freeway impact fee as part of a package of funding solutions to address future improvement needs and the vital importance of continuing to seek innovative alternative funding options to supplement traditional funding sources. 5.3. Recommendations for Next Steps The results of this initial phase of the Freeway Strategic Plan indicate that it would be feasible to continue to advance the plan toward establishing a freeway impact fee program. The phase I study effort has also helped to highlight a number of technical issues that would need to be addressed during subsequent phases. These issues are summarized in the following series of bullet points (in no particular order of importance): • Pass Through Trips need to be calculated for each of the analysis segments. For the purposes of the phase I evaluation, pass through trips were determined for representative study segments within each freeway corridor. Analysis for each individual study segment is appropriate to provide a more refined result to reflect the variation in the share of pass through trips for each segment. • Partial Pass -Through Trips need to be adjusted appropriately to reflect the relative impact of these trips on the freeway system in Western Riverside County. The phase I analysis used an adjustment of 50% to reflect the impact of one of two trip ends on the freeway system in Western Riverside County. RCTC 65 Draft: Mav 10. 2006 However, the nature of partial pass -through trips may mean that the trips have a lesser or greater impact on the area freeway system, particular as they relate to commuter trips from Riverside County to surrounding areas. This matter will need further evaluation as part of subsequent phases to better quantify the significance of differing partial pass -through trip types. • Future Needs Assessment will need to determine the feasibility of implementing capacity improvements within each of the study corridors. While the analysis result may indicate demand for improvement in a given corridor, physical limitations may limit the extent that improvement can be provided. Subsequent phases will need to evaluate each study corridor to determine if future demand can feasibly be met with additional freeway capacity. • CETAP Corridor Improvements may be appropriate to meet demand in several of the existing freeway corridors. SR 91, SR 60, 1-15 and 1-215 each represent existing corridors that may benefit from new CETAP corridors providing supplemental freeway capacity. The feasibility and benefits of CETAP corridors to meet future freeway demand in lieu of improvements to existing freeway corridors may need to be assessed during subsequent phases of the Freeway Strategic Plan. • Interaction of Arterial Street and Transit Improvements will be necessary to study in order to determine the relative benefits of these improvements to the freeway system. The TUMF program (administered by WRCOG) is estimated to provide approximately $5.1 billion in funding for improvements to the arterial street and bus transit systems to mitigate the impacts of new development. In addition, Measure A provides funding for regional transit service improvements including Metrolink. Future demand for the freeway system should be evaluated in the context of these related system improvements as part of subsequent study efforts. • Cost Estimates for future freeway improvements need to be developed to more accurately reflect the expected cost of implementation. Based on the more detailed analysis and identification of future freeway needs, project cost estimates for each segment should be developed taking into account the specific needs of each segment and potential limitations on implementation. The development of more detailed cost estimates in subsequent study phases will support the ability to better quantify the cost of future system needs, identify any potential funding shortfall and establish the basis of a freeway impact fee. • Other Revenue Source Estimation should be improved in conjunction with better cost estimation to more accurately identify future funding needs. RCTC is currently developing an updated revenue forecast for Measure A project planning and financing purposes, and this information should be used in future study phases. • Interchange Evaluation Methodology should be enhanced to better quantify the potential impact of new development on freeway -to -freeway interchanges. In particular, existing needs and pass -through trips need to be identified in more detail for interchange location. Specific movements at each interchange may be impacted differently by the impacts of new RCTC 66 Draft: May 10, 2006 growth and these variations should be quantified as part of subsequent phase of the Freeway Strategic Plan. RCTC 67 Draft: May 10. 2006 APPENDIX A EXISTING CONDITIONS DATA TABLE RCTC 68 Draft: Mav 10. 2006 Existing Conditions Data Table From To Volume (CT 2004) Truck % (CT 2004) PC Factor (11CM 2000) PCE Volume NB or EB Lanes (Sept 05) SB or WB Lanes (Sept'05) Capacity (Both Directions) volume -to- Capacity Ratio (V/C) Level of Service (LOS) ' '.....: " - • : .. County" Line Rc " ..: SandalWood Dr/5th S1 :...:. - `85;000 - 13%. 1.5 :. 90,568 :. - 3 Sandalwood Dr/Mh St - , _ .. '. Singleton Rd .. " .- 89,000.:-:. 13% - 1.5 ' _ -. ,.. '.'- 94,830 _ : 3 ' . f ... 3 117,498 .:0.81 ' D,z::::' Singleton Rd .. _. - - Cheny Valley. Blvd.. .: -. • 89,000.. ' 13%; " 1.5 1 '`- '. 94,830'' ... - _ 3 ,:.: - .3 - 117,498; :.:0.81 .. D -:'. Cherry Valley Blvd . - Rest Pvea WB I-10 :: 85,000 13%- ' - -1.5 -- 190;568 - : 3 I.3 117,498 ' - 0.77 D Rest Area WB 110 ' . 14th St/San nmoteo Cyn Rd 85,000 13% '. `. 1:5 . ; 90,568 : 3 3 .. 117,498 ' - , 0.77 • -D-; 14th St/San Tirnoteo CO Rd :.. BOI S /SR 60 83;000 14% :' '. 1.5 :- : 88,603 ' ": 3 3 4 117;498 1-- ; 0.75 'D. '_ :. .FleldsRrDJehrtsonLii Sth St/SR'80 ", Beaum6nl Ave/SR 78 " 117,000-. 14% ' -._ 1.5 - ;124,898 - 4 - .4 160,480 . -0.78 '. -.OH Beaumont AvetSR78 Penneylvaraa Ave.. _ 122,000:'. 15% 1.5 '130,845 i 4 4 160;480 0.82 .0 :-: Pennsylvania Ave`• ;. .. Highland Springs; Ave 126,000' - 14% 1.5 '135,072.. ' 4 - ..: 4 -:160;480 -0.84 t0 ":- 0 Wghiand Springs AJe .' '' •' Sunset Ave' 122;000 ` 14% -15 130,723 4 ' 4 160,480 ',0.81T D :-.' Sunset Ave .. 22ndAVe - 120,000 15% . 1.5 '129,090 ,-' 4 4 160;480 0.80 D -. ..: 22nd Ave. �:.. 0111'51/SR 243(to ldylhMid) _115;000' - 15%_. ,. 1.5 -124,787 4 Bth SVST243(toldyltwild) - • Hargrave St _ .: 110,000. • 15% .. ". 1.5' I 118,333 -.;_ 4' Hargrave 'Si'. `_. '.- RameeYSC -_ _''105,000 -16% '.' 1.5 , -. =113;400:._.. 4 ._-`.4 :: 160;480 1-,, 0.71"., C`."' Finks RWJohreBnin' ' : '._ _107,000. 18% 1.5 ' -..116,791,..:- 4 :...,..._4 '160;480i' '.0.73 - `D:::" ".. Apache Tr .101,000.. 19% - 1.5 :1.110,418 '.. 4 '.4 -:160;480' .:,Oi68---- ':'C'd, AphhheTr.:. -.' '..- Main St ' -. .. :91;000.'. 19% " 1.5'.:" 99,486 ':.: 4, l _4 1 160,480' '".062 , C'::: Main St` ,; vedtenieave..'.: :: .90,000:.. .19%' ::. 2.5 ';115,650 .. 4 :'.4` ':160;480. .]:0:72 `, ,,D': Rainbow valley Blvd Front St/SR 79 (lo Indio) 128,000 7% ' 2.5 140,960 _ 4 4 160,480_ _ - .0.88- _ . _D.. _. From St/SR 79 (to Indio) Rancho California Rd 149,000 7% : 1.5 154,252- 4 - 4.. 160,480 _ _ 0,96_- -_ _ E_ _. Rancho California Rd Winchester Rd/SR 79 (to Hemet) 162,000` 7% :: 1.5 _167,322 4 4 160,480 1.04 FO Winchester Rd/SR 79 (to Hemet) 1-215 190,000 6% :.. 1.5. -195,273- _ 4 5 180,540: 1.08 FO_. - 1-215 Munieta Hot Springs Rd 115,000. 8% . 1.5 119,830_ 3 _ 3 _ 117,498_ _ - 1.02__. _ _FO _ Munieta Hot Springs Rd California Oaks Rd/Kalmia St 133,000 8% _ 1.5 138,586 3 - 3 117,498 _. 1.18 . FO _. California Oaks RWKalmia St Clinton Keith Rd 128,000. 8%- 1.5 133,376. 3 _ 3 _ 117,498. _ _1.14.- _ _FO. Clinton Keith Rd Baxter Rd 127,000. 8% _ 1.5 132,334 3 3 -. 117,498__ 1.13- __._FO__. Baxter Rd Bun* Cyn Rd 120,000. 9%_ _. 1.5 125,259 3 3 117,498_. 1.07 FO Bundy Cyn Rd Railroad Cyn Rd 116,000. - 9%.. _ 1.5 . 121,084- __- 3 3 117,498. 1.03 FO _ Railroad Gym Rd N Main St 124,000 9% 1.5 _129,661 3. 3 117,498 _ _ 1.10 FO_ NMain St Central Ave/SR 74 120,000 10% _ 1.5 126,186 3_ 3 117,498.....1.07 _. FO_ _ Central Ave/SR 74 Nicho6 Rd 108,000 11% 1.5 113,940- _ 3 3 - _ _.117,498_ __ 0.9Z__ __E_ _ Nichols Rd lake St 110000_ 11% 1.5 115,965. 3 _ _. 3 117,498_ _ 0.99 E__- `- Lake St. Indian Truck Tr 116,000 _10%.:: 1.5 122,023 3 3 117,498_. 1.04 E0. Indian Truck Tr Temescal Cyr, Rd 123,000. 10% -_ 1.5 .129,055.. _.3 3 117,498. _ 1.10 FO ® ' iLimonite Temescal Cyn Rd Minsk Rd 132,000 9% 1.5 138,040 3 _ 3 1.17,498 _ _ _1.17 _ FO Weinck Rd _ Cajalco Rd 148,000 8% '. 1.5 153,861 3 - 3 117,498 1.31. F1 Cajalco Rd El Cemto Rd 158,000 . 7%. 1.5 -163,849- 3 3 _ 1.17,498 _ _ _ _ 1.39_ .. _ F2 Et Cemto Rd Ontano Ave 163,000 7% - 1.5 168,513 3 4 - 138,989 - 1.21 _ - FO Ontario Ave- Magnolia Ave 164,000 7% 2.5 180,452 4 4 _. 160,480. 1.12. _FO.- Magnolia Ave_ SR91 - 178,000 6% . 1.5 182,993. 4 5 180,540 1.01 FO SR91 Yuma Dr/Hidden Valley Pkwy 160000 11% _ 1.5 169,168. 4 4 160,480 _ 1.05 _ FO Yuma Dr/Hidden Valley Pkwy 2nd St 161,000 11% _ . 1.5 170,225. 5 5 200,600 - _ 0.85 _ . _D_ 2nd St 5th St. 153,000 11% - . 1.5._. 161,767 3 3 _ . _ 1.17,498. _ _1.38. _ . F2 6th St Limonite Ave 154,000 11% 1.5 - 162,824_ 3 - 3 117,498_ _ - 1.39_ _ . F2_ . Ave SR 60 149,000 11% - 1.5 157,538... 3 3 117,498- 1.34 - _ F1_ SR 60 Jurupa 51 219,000 8% 1.5 227,979 4 4 160,480 1.42 F2 .,' -ORutiidwz W. "_; EtiwandaAveNen,BurenBvd _... i_163;000.1 ..16%:. ,.. 1.5- - 175;796" I `.: 3 `, i 'T4 _ ':138;989 tit;26 < 1,1F1t_J i. � - : Ethvanda AveNanButenlBlvd;::: 5Ession:BRd/Countrry,Vlllage:Rtl,_:.:,'.1.45;000, IT T13% :i - ..1 5 .: _154;425, t_'=_ 3 i_ '3:1 1.117;498 ^;=_1.31I IFf--1 Mission i,BlvN-CountryVlllage Ad • . PeEley R_ -. i'i128,0007 _13%. 5__ ..136,320.'-_3_:.. L_3 117,499= :1:18."...`'IR'% PedevRidc--=IPVrit Rd -- i130(00W �_-I .13% 1.6 :'1.138,450"-_'.31-_:I •: 3 L-1.17,498 ;.: TAB:..: E.°-:'. PydtelRF1 .- - _ .. _ s" ' . _ Valley'Wy = - . - --" 127)000`I. • 13% :' .. . 1.5 ..<535,255s' a= 3_ 'r - 31 11;7.,498 -'1:15 _.:°IFO'I Valley wy: --->. _ .':RubidbxBlvtl,�. '" .`,`! -134,000'. 12%,';_.:1.5 ';1429406;:_`4 i=-::^.4 ,.i160480I-:--0.89 .'.Dr`�I Blvd `c':- = Madiet Se `, `' 135;000f 11% 1 5 ° ' 142 425 .. 4 '4 1160 480 i' t-0:89 >.D Market St: - - *' Main St/Orange St: 143,009= 11% s 15" "150;865 °-4 I :4 160480 ' --994 1 E ; Main St/Ordnge SI - - ' �.-..., Well 1215/SR PI Junction: -� 146;000" . 11%....' : 1.5 ' ' 154;030S _.: 5 .. . 3 _' L 1159;049i ," 0:97 ..� . ES EastI-215Junctiona �-.: Day:St ._:._-_:. , _, ::_; 132;0007 ` , 11%.--:i!;- 1.5 •::'._138;930' : 31 • i:3 -' 1 L-147;498 ::.'118 ,:: FO. Pigeon Pass Rd/Frederick St " _.:122;000: 11% + `.. 1:5 '. 128 495 4 1 1 :.3 11.138;9891 '-_0'.92 . E:, '. Pigeon Pass Rd/FredarlOk Si '"• 1 Heacock St'« -7 ` 98,000 ' :13% rib `. 1151 :.-104,493 _ _, '3 " 1 ` : _ 3 , 117;498 ' 'T 0;89; I Cr..`";, " 4, t; « . _._ HeaOodi St- _ Reins alw r t 84;000 : 13% 1:: - 1 5 _- - 89,566 + - 3 I L. ��3 117,498 : _ 0!78 I i Ell _ Perils Blvd ' ' NaednSt .: _ , 67,000F. 13%• .Ir : 1.5 _ 71,439 ° 3 =' 3 a 117,498. ' 0.61Z I' 'C _; AtdoMaIlP.kwylMarandBeach,Dr_' 04;000- "'13%' : 5t"'•J 88;240.'r:--.2 3. , I''. 3 417,488 ._9158 i .: C;.`., Auto'Mall.Pkwir/Mo enoBeachDr _ _ Redlande&vd -., 56;000: i 13% c I - - 1.5 ' .; - ,1 : 59;T.10. . -� 2 ' : .. _ 2" . f - ' , .=_76;500 0.76:. r : ' I dD`. '` ReelandiBlvd l h ' ThedeoreSt r :' 50000:". 16%.4 :; 1 5 ' ` 54000. 2 '2 =."'2- '.«76;500 I " 0:71 1 C`: C , " '. Theodoie9l �: Gumen'SpringelRd_` --` r 50100V L 16%.-7:-c ' 1.5 54,000. 1. 2 ' " _76,500 • 1 0.71, I h C,'.' Gilman 8pdngs Rd - :7:- Ilaak Raobtt Tr:: - "< . - : _' ::44;000J t 16%.:"? 2.5 , : i_54,756': ; _ - 2.. L. :2 ; L76,500 "' I:. _0.72 .:.. SD JackAabbliTr - -.. .. 1 II=10/8tliStw -•-:- '::''%A:k0001)1 -16%. +`^ "1.5 ':l 47;5881; :- 2: :.1712 i.i76;500 -0.62. Cl�. RCTC 69 Draft: May 10, 2006 Existing Conditions Data Table (Continued - Page 2 of 2) Volume -to - From To (CT Volume 2004) (CT Truck% 2004) (HCM PCE Factor 2000) PCE Volume (SepC05) NB or EB SB Lanes or WB Lanes (Sept'05) `8: Capacity (Both Directions) Capacity Level Ratio (V/C) of Service (LOS) - "' ."�....- "GreenieverRd. °' -. -',-'' _268;000- = 8%`.',e '15 ••276;000 --_6° v 240720 :1:15 _`FO Cduntyune-' s..Green ., :SR71[ Rd ' `.. '. ` 254,000..- 6% ' _ 1.5 .- 261,582 - .6°. 6 .240;720 .5. _ 1'::09-. FO_: River , _" ' 3 '.. ¢ Auld . _;- - _ 1 Center DrlSeda.4 Club a � 267;000 7% ''r. 1:5`; 265,365 ° ;5-" ! ' 200600 ` ' 1:32- _F1e TO:: - SR '. - " 71 .�_ , d `: Msple S11 lath St r.. 258A00 - 7.% , 1.5 L . t 266,398' . �_6 •8_ 240,720 1.11 « ! ‘Auto .. +' Ceram Dr/Serfae Olub;D` - _' -. �. ` . ri - UndolnAve '`._:' - '' ,._. 248,000''_.n7°Gi ''•1.5 :...,256,D72 _.::6 .' .5 y.5 -200;800 1.28 F1� ° + -- ' Msple StN0 61r St •._ , Uitadn Ave.: ',' Y N Memll St1W Grand ' "255,000 '" .7% - -,. 1.5 .: f:263;300. , s5 � 5 200;600 200,600 • 1.31 ',1:.28 F1 FL t .' ' . --- -. .; Grarb Btvd__ N Main 5l" .: 248,000_ - 7% : _.-. 1.5 , 256072 _. •--, . :. L. -6 ' _ 1 .07 FO N MerrillSVW ) t6_,b ' "_, . .. " :250;000... 7% -` 1.5 _ *258,138, .. _ 8 240,720 't- 115 ° . •, :, • •' N MainSt..Z . :.;_. -e '_ Mold--... - 210,000 75‘' _ 1:5 217098 . 5 - 5 -200,600 ' 1'.06 . FO -. F1 °, :_" _ - Rene St -- " 197,000 ' 8% . 1.5 °` _204 575 4 4 160;480 1.27 McKinley St', • Magnolia Ave . 176;000 ''._ 8% 1 5 ". .183.115 , _ s4 ` 4 _160,480 1:14 FO �._,' P.Terce81 .' �, _ ° . Magnolia Ave .° i - La Sierra Ave 178,000 ,. ' 8% • - ° '1.5 . .1185,547, :" 4 -` _4 , 4 :160,. 160,480 1.18 1115 ,r FD . . FO ' �i taSien'a Avea. ".. Tyler`St • '- 178,000. 7%. . 15 :183,999 4: 92 0;92 f E F z .1 ", ' •� , v a ;ri,°;,t � F' ` a .. - °. L k V ° t._m , .' .. n, a '" Van Buten Blvd ` 180,000' S% 1.5 ' e:184,500 6 5 200-800 - Tyler St �.:� ,^ .. ,*A - Adams SrSI' r 174,000 " 5%• - 1.5 . i 178;350 - - 5 • . • 1- 5 ' , 200,600 0 ' D 'E. Van Suren'Blvd o- ,'.... - -- G _ • . . nfadl�ong ` .176,OD0 5%. 1.5 ° '.180400 :.4 b 180;540 1:00 .30 F1 FO_°' ����'--� • Attln91mAue - •-•.. •• 178,0001, 6% _i _.'- 1.5 ,180,400 %'4 • ' 3 •138;989 .:,, ,_: "^v° -." °.: Central Ave. •177,000 5% ., - ` 1.5 . 181,425 .' 4 4 1 160;480 11.;13 "T1'.5D1 Miintitonkm ,,..- _ C°nimlAve.. _`.. �� ., - 14iM1;S0SenTiinateoOynRd,_ 172,OD0'.f 5% :':. •15 •.'; 176,300 - 3. �. _3 ,`117,498 160,480 1:09 t F3,._" °FOn? 1411i9J5antfinoteoCynRd' ..:UnlversliyAVe/91nSUMssion1bn" 171y000 5% ` 1.5' -175,275 '186,050 4 _•4 , 1-17;498 e1:41 F2:: 4ij/9di,SUMissiorllrtn '' PopierStA Dedmorimulbeny' _ 182;000..': 5% '1.5.: 3 -:3 � a,1.40 na '1 '`t'F21. F0:'.`�, Unhrereo , . ». -- - =- 160,000: 5% _ �•." 1.5 -164,000 -^.. 3 , - 3 .11,7,49$ . .,' ;,. •' $ r .>. .•_ _. ,. .. .' ` .. ' • • t • ,,:J • .Irk ' ` NI ` � �t SUlaCStlenaDrlfulultteriy ,_. �... _� Marneta Floc Spdn9s lid Muniet Hot 000 75, 7% 1 15 80644 2 2 . �2 76,500 ' 05 i-i5," MOkI • .. Spnng' - •. Lae Mamas .. 1.5 - - 88,948 _ 2 ' - - 78;500 Z8, 500 r 118 ` a 1.,18 •F0•`_u'. . ,F04:1 Los Alamos Rd ' Lee Alamos Clinton Keith Rd .. 85ADD 8°k "' ' -. ` 1.5 • -°., � 88;948 2 ... 2 '. ' 76,500 '-"1:.15 ' _ "sF.0 """- Clinton Rd . Scott Rd .... _ .84,000 9% ` .1.5 - 87,902 2 2.. "..2� :: 78,500 1.07' •. FOE A """ Swath ' ... Scott NevRortRd -.._ ° 76;000. . 9% ". :' 1.5 '. 81,023 - 2` -,2 - 76,500 11.01 p FO:a',. Newport Rd 1, f. McCall Blvd - - - ' 74,000 .9% ,'., 1.5... 77,437-" 2 ,. ..-1 ", 76,500 0.94 E.,. Blvd Emanactm _ '. ' . 89,000-- 9% a..:.. 1.5 • .72,205 2 - .., Oi89 , -,1.14 . ; E,..i ''' McCall •- ._ .. '- -. Matthews 68;000 -7°� '' ` 1.5 _. 66,336 2 2 ' :78,500 Rd 74 IOtANaltl) Redlands Ave/41h'SVSR.74 82.000 .12% r1 5 '. 66,838 2 `. a2 '76,500 - _. •-.08 - .1_. _ FO. . FD " .. Maahexe.Rd5R (to Matthew - 7a - - "- - OSt 76,000 - 13% ` .. 1.5 '" 81,016 2 2 .. 76,500 '117;498. Redlands Avd4ih SVSR . _ - � Rd :-90,000 12%=.' ' - 1.5 . 95,400.' 3 -. .3 � 0.81 ' D. ;.. Ore _ -. - . -s RamanaExWylCalalCOFxwy Ramona 91,000. 11% 1.5 . 98A51 3 :.3 . 117,498, 1:0.82 . D NuewRd, Ssatta Rd/OleanderAye 104,000 _: 11%.'_ . .1.5 109,772 3 '. x3 '.3 117,498 r. 0.93 -0:98 .E . E` , . '" E ,`: Pamone.Ex .: _ - VantlurenBlJtl :` 109,000. :11% 1.5 _ 115,050. - 3 - 117;498 Ave StredaRNOleanderAve Rd/Oleander _ Cactus Ave 108,000' • 10% 1.5 '_: 113,508. 3 .. 3 - 117,498 " 0:97 ' Van BuredBlvd - Messandro.Blvd. - 108,000 9% ., . 1.5 .: 112,860 . _ 4 . _.. 4 160,480 :.0.70 _C- FO- Cesuadro ..... Eucalyptus Ave' ,..: - 113,000.. ' 12% ':... 1.5 � 119,839 -. 3 3 117,498 1.02 - F0:..' Alessandro Blvd . _ -US Fast SR 111,000 15% €.:- 1.5-..119,048. '3 '._3 117,498 1.01" -. �� .. ` -• ` ' Ave EastSRO°Jun East Box Springs RaByca rmreCyn. 185,000 _11%;: '_ 1.5 - 195;083: 3 _. 4 ! 138,989 138,989 •'1.40 .F2.... :. F3 `: Rd/Sycamore Rd/SYramore Cyn CentmtAveMlatkins a. rat ' 192,000' 9% ' 2.5 : 218 208_ , 3- _ 4 ' - .1.57 - 1.51 '.F3 , ' -F3 Box Spnrsls - El Cerrito.Ddsycamore cm 185,000 . '9% - 2.5 - 210,253. 3 . 4 . 138;989 CentralAye/Watkins Dr Dr/Syrarmm-Cln - Marlin Luther long Blvd -.: 181,000 9%.',. '.: 2.5. 205;707 ' _ 3 ^. _ 4 138,989 ' 1:48 . 1.36 _. F2 8 Cehlto University Ave. r 9% ' 1.5 -...: 189,236-' 3 4 -'3 138,9139 Martin,.. Luther lGngBlvd - - 3rd'S11BIeineSt. _181,000 174,000 9% - ` 1.5.... 181,917. 3 - •117,498 --117,498 1.55 :F3.." F3 University - - _ Spruce S( 7% :° 1.5. 179,315. '. 3 3 ' 1.53 . - :.: - 3m'Svelaina St - - West SR 80/SR 91 Junction - -1,73,000. - 188,000 7% ". 1.5. 192,045' _ 3 3 117,498 1.83 :.1"10 f3.'- . FO F1- SpliceSI - Columbia Ave -149,000 6% s 1.5 _ . 153;545- 3 : 4 138,989 west Junction --- _ - St_ ,+ -147,000 7%.'�" �--� 1.5 151,778.. - 3 3 .• , 117,498 , ,-1.29 F1.,_: Columbia AveR9i trSt Ave Center St .Center S to Caderla Or 144,000 7% 1.5 148,968 3 '- 3 117 498 ..1.27 Mllnrnurrl hs m 644r000 3;5% 15 l '47r586). 2 2"` (76r50'0 _, ; <0 f C t', 4 a Y MazemumF.... _ `" _ .,. r - �� 266r000 18%, 2 8 ` `278-- i 6w . 6' ' 3 ,.18t.240:720 1 83 F3' _. a , RC7C 70 Draft: Mav 10, 2006 APPENDIX B FUTURE YEAR 2030 CONDITIONS DATA TABLE RCTC 71 Draft: May 10, 2006 Future Year 2030 Conditions Data Table From To 2030 Volume 2030 Truck % PCE Factor (HCM 2000) PCE Volume 2030 NB or EB Lanes 2030 SB or WB Lanes Capacity (Both Directions) Volume-to- Capacity Ratio (V/C) Level of Service (LOS) ' •,0�. .... " County:Une Rd -'- Sandahvuod Dr151h St :'.' 138,758. ' 21% - : f' 1.5.. 153,634. '..' 3 - _. 3 :. 117,498 .'1':31 F1 °' .. ' - Sanaahvoda Draft St. .'_ Sigletan Rd _. -.. 142,427 .21%'.'': 1.5 .157,675: _-:.3 -.3 •'117,498 :_'1.34 '..F1'.`. Sngleton'Rd .-.. - ChenyValley Blvd :143,234. 21% . 1.5 _158,481:.':. 3 --.3 .1.17,498 - '1.35 • •F,1:::. CheniValieyBlvd :• - J. Rest Area Wet-io• ' -. --.. :13'1,660:: : 22%,,, 1.5 _ ",:145,958 '." 3- r.3 .' 117,498' • `':1'.24 • 1F0': Rest Area wB l 10 - ' 1401 St/SanTiinoteo Cyn Rd ,131,660 - 22% _. - -. 1.5. 145,958 ' 3 :' 3 ' -117,498 • 124' 14th St/Sari Timoteo Cyn Rd -' 6thSVSR60.. - 130;238 21% •':. 15 :;'-144,098. . 3 : 3 - -:117,498 "1.23 ' - 1FO:..., •6thSUSR80 .. BesumonlAve/SR 73 192,095' • 19% - 1.5 210,466 _-'4 -_4 . :180;480 '1.31 - :F11. Beaumont AvelSR79 , -•. Pennsylvania Ave- . r 179712 • 18% : 1.5 .:195,910• _ 4 4 leo,480 1.22 FO PennsytianiaAve' Highland3pnngsAve, _ 185,750.. - 18% 1.5 - ''.202,191: - 4 4 -• 160,480 1.28 F1::c 'M , ,8tiSUSR243(161dyuwild): •, 'ApactleTr, Highland Spnngs Ave Sunset Ave. i, 178,612'. 18% ' 1.5 194;384 4 ' •:.4 ' 160,480 ' 1:21' ' FO,.`- SunselA-ve.' 22ndAve - _180,547 18%. 1.5 190,023 '' 4 -''.4 160,460 1.23 ' FO``:. 22nd Ave, ": ' . ".: ,, 8th St/SR 243 (to IdylNnld) - 170,786i. 18% 1:5 � �.7 ::486,262. ':.; 4 " _ :;4 .:160,480 ' 1,16 ' ,FO ` Hargrave St ,. .. .... '183,468`: 18% 1.5. - `178,465 :. 4 "..:_-4 ''180,480 ".-1.11 £0:: Hag"rave St ". -: Ramsay St ' ... 155,544'.. 19% : 1.5 :' -170,528. ' 4 ' • ` t4 ' '.. 160;480 : _:1:013 ' . FO.-t : RamseyS ' FieldsRd/Jonnaomtn . - .". 158,974t 21% 1.5 .175;359' . '' 4 • ,4 • -160480 '1.09 : "`.FD'. Fields Rd/Johnson Ln ' :: `: Apache Tr : -. 150,602` -21% 15 ' . ,.186476 J' 4 ..' "" Main St ` :. 140,488. 21% '` •15 ;155,394. - -.4 4" ' 160,480 -';0.97 :E ' Main St r1---. r Verbenie Ave :. .. '.139,628 21%:": 25 184,398': 4 •_._.4 '160;480 "11.15:_ - F0:':' toN _ Rambraa Valley Blvd From St/SR 79 (to Indio) 231,597 5% - 2.5 248,314 4 4. _ 1130,480. _ 1.55- - - - F3 Front St/SR 79(to Indio) Rancho California Rd - 258,265 _8% 1.5 265,518. 4 4 _160,480-- 1.65___-F3i Rancho California Rd Winchester Rd/SR 79 (to Hemet) 275,426 6% ; 1.5 283,929. - 4 - 4 160,480 1.77 F3 Winchester Rd/SR 79 (to Hemet) 1-215 316,757 6% ' 1.5 - 326,915 _ 4 _5 - 180,540 1.81 F3 1-216 Mumeta Hol Springs Rd 190,744 9% 1.5 198,980 3 3 117,498_ _ _ 1.69 F3 Murdeta Hot Springs Rd Califomia Oaks Rd/Kalrnia S 219,064 9% 1.5 229,255 3 3 117,498 _ 1.95 - F3 _ Califomia Oaks RdiKalmia St Clinton Keith. Rd - 203,461 10% .. 1.5 214,092 3 3 _ 1.17,498 - 1.82_ _ _ _F3 _ anion Keith Rd Baxter Rd 206782 11% _ _ 1.5 217,983 3 3 117,498__ _1.86___ .F3. _ Barter Rd Bundy Cyn Rd 197,842 12% , 1.5 209,316 3 3 117,498 - - 1.78.._ _. F3_ _ Bundy Gyn Rd Railroad Cyn Rd 190,980 12% 1.5 -.. 202,598 _. 3 _ 3 117,498 1.72 F3 Railroad CO Rd N Main St 196,700 13% 1.5 209,265 3 3 117,498. __ 1.78 F3_ Main St Central 74 185,471 14% 1.5 198,711 3 3 117,498_ _ 1.89 - _ _ F3 Central Ave/SR 74 Maids Rd _ 172,1340 15% -1.5 186,037 3 _3 _ - 117,498 1.58_ _ _ - F3 Nichols Rd Lake St 175,090_ 15% 1.5 188,634 3 3 _ 117,498 - 1.61_ F3_ t� Lake St Indian Truck Tr 178,798 15% 1.5 192,627 _ 3. 3 117,498 1.64. _ _ - _F3_ Indan Truck Tr Temescat Cyn Rd 191,722 15% - 1.5. 205,790_ 3 _ _3 _. 117,498 1.75 F3 Temescal Cm Rd weinck Rd 196,995 14% 1.5 210,884 3 3 117,496 1.79 F3 weidckRd CajalcoRd 215,572 13% 1.5 229,497 3 3 1.17,498-. 1.95_ F3 CatalcoRd ElCemtoRd: 231,318. 12% -. 1.5 245,244 3 _ 3_ _.. 117,498. _. 2.09. _F3 El Comm Rd Ontanc Ave 234 689 _12% _ 1.5 248,485 3 4 138,989 1.79 _ F3_-_ Ontario Ave Magnolia Ave 238,192 12% . 2.5 281,214 4 4 160,480 1.75 _..F3_ Magnolia Ave SR el 248,831 11% 1.5 263,088_ 4. --. _5_ 180,540_. 1.46 E3 SR 91 Yuma Dr/Hidden Valley Pkwy 200,098 17% 1.5 217,196 4 4 160,480__ 1.35 F2 Yuma Dr/Hidden Valley Pkwy 2nd St 188,361 18% 1.5 205,375 5 5 200,600_ _ _ 1.02 FO 2nd St - 6thS 183,528.. 19% 1.5 200,959 3 3 _ 1.17,498.. .. 1.71. __ __F3_ 6th St Limonite Ave 192,347 19% 1.5 - _210,314.. 3 3 117,498 _ 1.79 _ __.F3 Limonite Ave SR 60 181,393 19% 1.5 198,591- _ 3 3 117,498_ _ 1.69.__ F3.__ SR 60 JurupaSt 263,482 14% 1.5 281,594 4. 4 160,480 1.75 F3 : L _" - ` �• ` ' „•: ' I �' d ,t• �-;+_ % ` `'.-, .:. I.15 :':.' Rwanda MaNanSuren-Blvd:-- r'242;8051 :19%;„:"..._; -1.5. -,....288084: - _5. ' 1. . °'5. 200;600 :_ 1.33 : (:F1[__. ;. •, I ,. s `I ir EtWsiMaAveNan'Buren;BNd - MssiometvdrCuunlbyVillage Rd.. i- 1-234;2371' - 18%. ` - 1.5 .i: ,254i789,::-", 6 - 1 J.15' ' .200;600_. 1.4 1;27 _ ` 1- F:1': . Missionu3NNCdunky Village Rd . -�: Pealay R6 - . -.:. - , .::...,, .:.: i. 212,523, t ' 18%, :"' :. 1'5 : ' ' 232;055,:.-_ ..5-... t : - '''5_."'. ;-.2001800 ` .:1.18 - 1 1.'.1Fa ;' P.adleyRd'= _`-:::-- _ : Pyrite Rd...-_-:.. .. _. _-:.' 1216;908:' •,m, ri.: 1.5, '236,3981 :. 5 1 -:_-15 .;::200;600 , _..,,11i18 1 "-- ..;F0;_ - �- Valley Wy' z: __ r-'� 215;87,7_, , '18% _1'.5 - - ! ' 1234,879E - : 5 •�C- _-='.5 . :e200;800 1[17 1! SO' 3 valley wy %Wow( Blvd ` : ' 233;38511 17% '. ;M 1.5 ` , 252 959 .r 4 1 -.!4 5160;480 1:58' 1 1F3"..- Rubidous slvd(_ ,. ` , a Mahal S `' 243,4711-. 16% P 1:5 •• 263108 ..: 4 : 4 160;480 : i84 F3;1 MadietSt.- MainSVOr'angiSt- 248,017_1 16% : ;- to _ 288,187t, 4 -4180;480 • -1[87 , "'Fa ,! Mara Suorange St _ West 1,2161SR 911Jundlan ._ : 1 247,385,: 16% .J' 1' '1.5 .: t 267)718 '. -' 5 ' _ ` _4 _180;540 1 ,1,48 ; 'Fa .." East .1,215Junabon . ".._ .�..' Days ... ,. '_ ._ 1'.198;579i .13%:5I 1 1.5 ..... 11'211,218; _:":1-..3, _.....- ! _ .__ al; _ -1:17,4981; i _R80 .: F9':_1 Day St _.1, "- PigeonPassRdlEmeatickSt 183,435;: 13%: `11 V5 .:', 195;445.:." 4 :r_:3 1381,989 1.41 iF21:^ n + • -� .. Pigeon Pass'RNEredertckS,. ` 18eacockSt _- _ __ 155;808,' 1559iii `, 1.5_ @ 1167,6441' 1 311-, - _3 -117,498 , ": 1.43 '1F.2.1 HeacockSt Sea%Shi --.‘ 140,279'J 15% '.' ? 1 5 _, 1.150659! r.- 3 1 n3 117,496 126 Ft�,,» Perch Svd1, - r _. t Nason St . _:. • o ' ,119,612_i 15% "' _ 1 6 .., 128;418j 3. - "3 117;498 1c09 FOIx ` Naeah:SL" .. _ , - - ` AtitolMaPlow/MMaeno Beach ot,; "117;,140[ 15%-'1 . 1:5" :� 1 1125,645 r r 3 , _ `- ' 3` • S19i7d498 ` - 1`i07 R2F0 Auto-:Mall:Pkvipilaenu BeachIDa..: Radiande18W:sl',-' ,... _d :102;8481 B15%`ri[ 1.5 -! _1110;4t1�1 r- 3 "� I 3 t 3117,498 -"'0194 , � "iE:°'i Redands'eNd - . _.: .' -1 lmeodareS`.-' _ _1_`.<i 1..97;395,.1 11,18%;1'' t 1.5, 1 t105,196.I'_),2' 1 ::>2 .1" 78)500' z• 1.38 -.I . ' 1F2.' - --' -_ 7heodore5�__ _ '"1 _ _ _ ¢4'r Oilfoan 92d1 � 1; 102;229<Ii �94,230 e - 15% ..` . 1'5 159',1_..�� 110 076 1_: 2 L%, .2 i t 78;500 ,1,94 L aIF2'°' {..1F3,:'S Glman Rd'_ -7 : _-- Jack Ratiairrrrr •'- -. d15°k r`.r- 2.6 '11,14.878+ ' 2''_I_:`2 1�'. 78500. ,1i501,. I-10IBai et__" _;:. - `,.: =s. L 91,92131 r .115% L. 1. 11.5 ; , I '' 98,946 t ::. 2 . .:.:2 I c-:78;500 •_-31.29J _:1F1 :t! RCTC 72 Draft: May 10, 2006 Future Year 2030 Conditions Data Table (Continued - Page 2 of 2) From To 2030 Volume 2030 Truck % PCE Factor (HCM 2000) PCE Volume 2030 NB or EB Lanes 2030 SB or WB Lanes Capacity (Both Directions) volume-to- Capacity Ratio (VIC) Level of Service (LOS) S " _.,'_ County Line ' _ , x ' ;: Green River .� __..' 315,089.- .: 8%'` ,: l 115 -. 327,930 �.., �:8 8' " _:240,720 - •, _. Y:38 " a :F2 : " ° Green River `'aw SR71; .. ` -295,788 =8% ' - 1.5 _.;.308,167 ^.8 6..240,720 1 1.28 F1 _, 4 s r SR 71 • , _ _ . 7s ° , . '" "Auto Center Dr/Safes Cub Dr: '_:.:313,682 ',°10%a.,.._. 1.5 '.329,408_5 " 5:. Y200,800 1434 F31. Auto Center :DUSerfasClub Dr 1. Mania SUW81htt.__ .. =.' 314,870 `._:10% '-_ 1.5 :''-330,434' "8 .'__..'8 240,720 -' 1:37 F2s1'; Maple SI M:ein i Lincoln Ave . -. ' :303,026 10%. ` .1.5 - :318,093 " 5- -, : 5 , 200,600_ 1 '.'1 59 i F3' ." .,'v 4 LlnmN�Ave.r: Uyy Grand'&W - NMotill S^ �310,507 :. 10% - _ L5 - 325,777_ '_5. • 5 ' 200600' .11.82 ,F3 ,r . - NMenBStAhrGraidBlvdi`s. NMein-SP -, 9 ' !'297,652''.. 10%';:_ 1:5. °.`. 312,488', .-..."5 5_� ._200,600 '.':1:58 . �.E3 _' NMain SP�;.'i,"_' __ :.1-1@_._" n � '_ 299;493. 10%. -_ 1.5 _ B_'° 240720 ..1,31'.. `F1'41 a • PS `, McKinley St' " ' . _ _t. ' 254,587'. _::9%, : ..:_314308�...1:6 i _-• 1.5- ` 265,945 • `' 5 5.." ' _.. �. . 201600:. ,.-1.33_ -. F1.•nI McKinley St1 . v ; ® Pierce St ^ <. • .. ' -_ . 245;949 ! -. 10% 1.5 •,• • .:257 870 _ _4 = 4_ :160;480 ti61'. 't F,3,.., " ..,,� ."••. , . Flame St . _ ' „ _. , Mond Ave ; _ _ ". ' , 217,7,83 ". 10%• '. 1.5 .228,844 '.:_'4 - 4 . 160;480 1.43 . F2.'`; Magnolia Ave 'n , .r:• -. - La Sierra Ave, _ 218,497 :. 10% _-� .. 1.5. . 229 885 ` 4 .4: ' 160;480 "•;1:43 x E2 a CSrema-We ''"_.'_'F •Tyler: Ca' St "``'218,723.._.9% '_ 1.5_ .228,416"-.4 �,4 i•.180,480 1.42 F2.=_: tF> 0. ,f '.; TylerSl ';7 .-..-... Van .BurenMO : 223,500 ,' 7%. 15 . '.,231,840 _-:5 ''95. c200,800 1.18 Van Buren -:. • . Adams St ° ° = - 216,271 ": 7% _.. - 1.5 _ . , i224,299 -- :5' ' 200,60( 1 S12 < FO S•i ., e„ ' ; ' ` - •4 '1 t ' t.d_ `.-,e�.� Atlarne St F : '^3 = °._ .• Madam Si' _ '. 213,975>: _. 6% -" 1.5 ` '222,204 4 -5: .180;540 1':23 4 ti < _11 FO ` MadisonSt _... , ^_ , :. Arlington Ave "='�r.: 214,477' i 8% 1.5.. ' 222,999. 4 , ' 3 138,989 1`.6D 4 F3 Central Ave '..218,041-'.. 8% 1.5 .226900-, -_4 _"`4'. _ ',160,480, ,. 1.41. _,.F2.,`i Central Ave. '• 5-'4 14thSU5anInnate°CORd._° :I 211,013: 8%-' .1.5 :.219,352 _,3' '3. .,1117,498 r- 1`.87 F3d} 14th StlSan 11moteo Cyn Rd. - a University AvenIth StfMsslon Inn . '-, 208,101 8% '-' 1.5 "216,553 - - - 4 "4` 160,480 ,•t."1.35 F1411< University Ava'flth StMYssldn inn " Poplar SULa Csdene Dr/Mulbeny= 200,523, „ _2 8%i,I `1.5 308,899 _.3 `3 -117;498 .1,73 r F3 -' PoplarSin:aCadena:Dr/Mulberry. SR80/I.215 -... 6. , . -' "^ .197,591 l 9%-1-. '''' - 1.5 __' 208;003 ' - 3 . . .. 3 71 :11,7,498 _ 1:75 ,.., 01.`e; . ' ^ ,�- 115 '" '_ •' Murdeta Hal Springs Rd 129,009 - 6% 1.5 _.133,132 2 ' =' .°2 '76,500' : > 1.74 F3, . Munieta Hot Sponge Rd:. _ -1 ` Los. Alamos Rd `. - 141,376 , . 9% _- 1.5 .147,479 - 2 -. 2 `. 76,500', . 1..93 ° F3.71, Los Alamos Rd' anion Keith Rd. 142,277 9%... _- 1.51' 148,878 2 __.2.°`.:Z6;500- ._1.95 b'F3a? Clinton Keith . - Scott Rd ,... • ., �137,2821 -10%s". ' 1.5 '. 143,938` `-, 2, : --2 ^ '_"76;500 ` -..1.88''' '1' F3"'1 ' `":P"" -' ' ^ '.. '� ...' '.: Y / � r / s1 Scdf Rd .. ' . . Newport Rd . •`- 128,251 , . 11% : -. 1.5 -.; 135,079 2 .. -2 : 76,500 , .' 1.77 '- ,, E3_ ' Newport Re... -:_.. :>. :McCall Blvd '...- . 122263 11% 1.5 :-:128,992 2. - 2=..-.: 76,500 .1.69. F3-. McCa1r-Bbd_' _ � _ ' Ethanac Rd' .I 118 331 ... 12%: ' 1.5 123,047 _:.. ,. 2 ,_2 76;500 . "' 1.81 [. F3 '.- Ethanac:Rd _.. - 5 Matthews M(5974holeyMnlcly: 119,159' ` 11% -: ' ` 1.5 ..,. 125,778 - ' 2 '.-.2 . 76,500 . t:'.64 -,F3::3---:, MetthevsRdV$R74(to layIM+id) RedlandeAve/4th'SUSR74 '.- -137,435 _`:15%. -, - ` 1.5 ° -'. 147,963 2 "-_2 -, . 76,500 ..1.93 . F3:° ',' Redlands Ave/4th5USR74 DSU°,," - ._� 125,163 17% " _.. 1.5. ' ' 135,889...._2 2 _... -76;500. - -1.78 •.F3...". D St ' -. _ .: ::. Nuevo Rd - _ :..: _i 152,997`. - 16% ,.. 1.5 . - .: 164,916 .'. - 3. _: . 3 .- 117,498 - , . 11.40 ' : ' ' F2 _ -. Nuevo Rd Ramona Fxey/Calalca Bow .. 158,501 15% :; . 1.5 170,580 3 - -.3 1117,498; ' 1.45 . "F3 . ` Ramona Fxuy/ta)alcc Envy SUatta Rd/Oleander Ave ' _' 176,641 15% 1.5 190,240 ° 3. _.3 - 117,498 ,1.62 .F3 1 Shane Rd/Oleander Ave Van,BurenBlvd '-' --_.. 187.347 15%- -- 1.5 •. 201827' 3 °3 _,. 117,498 - F3'3` mks II N. 111. . Van Buren .Blvd Cactus Ave __._. 185852 16% 15 -200,985 '- 3 .3.-. 117,498 .-.1.72 `1.71 1 F3:-. CedunAve •.-.,.. .:. Alessandro KW ' '.. • 179,659 . 17% 15 194,631 ..4. _ .4 160,4801 :_1.21 -FO.:-''. Alessandro Blvd ' - ' Eucalyptus Ave -"_- 181 183 ':- 19% : - 1.5 .198,148 - 3 .:.3 117,498, "_<_ 1.69 . ".F3' 1 Eucalyptus Ave : East SR80Juncticn - 175769 21% - .: 1.5 - 194,262- `'.3 i.3 1,17,498 ....1.65 -_F3-.' " ' •, .. ! . ' , - - - • , _ ' "... East SR80Uunder' -.. Box SpringsRd/SycamareCyn'-- 300,235 17%.... 1.5. .. 326,158 4.-' -5• ..:._18D,540 _.'1.89 `.F3 '. Box Springs .Ra/SyramoreCyn Central Ave'WaddnsDr- 318,546 16% - 2.5•:-_'.395,785.' 4 : 5. ...:180,540 1...2.19 F3: Central Ave/Watkins Dr El Cerdto or/Sycamore Cyn . - 304,133 16% 2.5 - . 378,680 - 4 : - -::5 • :1 ..180,540 :.. 2.10'- . .' F3 ::. El Cerrito or/Sycamore Cyn Martin Luther King Blvd , :. 289,349 17% - ,. 2.5 ' 362,569. -_-. 4 ...... _ 5 ' - 180,540 . F3._.. Martin .Luther Inns Blvd' ., University Ave.... ' _.. 292,641 17% : 1.5 '317,269 :.. 4 ''4 ..; 160,480 ....1.98 • University Ave _ 3rdSUBIaineSt - 280,954 17%--- 15 ;:304,505. 4 - 4 180,480 -'1.90 ... F3 :. 3rd,St/Blaine St . ... Spike St ' '- '. ,. .. 277,848.... 18% - .1.5 ° 300,033 4 ,4 `' 160,480 ' -.1.87 .. _ F3 . Spruce. St . - - - West SR 80/SR 91 Junction '" . -' :'299;500 " 15% 1.5 - -321,898 4 - 4 - 180,480 - 2.01 3F3.. west SR 80ISR 91 Junction - _. Columba Ave" _. - " _ - ,'.. 190,910 .. 12% -• 1.5 _ 1.202,013. ' 3 -- • 4 :_ 136,989 ` 3, 1.48 'F3 " _. Columbia Ave• �'-� ,'Garner St .. _': - '. t89,996- 13°h. -_ l.5 - 1202,338' -.. 3- .... 3 . 117,498 .. • -1.72 _, F3 -- Center s( :- - '..:. S La Cadena Dr 187,482 : 13% - ' 1.5. 'I -200,084 3 '... `.3 . _.117,498 - 1' 1.70 .' F3 Mlnlmum� u... _• .,... ,�..: ,.�_. s_ .. �._. '_ x, 90,078 5%r { 75 ,e4e0e�? - v t 7esoo osg� sae" Maxamum ..9,a ° .. s 318548 ` 22% ' *25 I395785 �B8 ' I 3A` ,240,720�d ' 219 (` F3� mr. RCTC 73 Draft: May 10, 2006 APPENDIX C Model Validation Analysis The SCAG 2004 RTP model presented the best available traffic forecasts for this study. Similarly, the Caltrans 2004 Annual Average Daily Traffic (AADT) count data provided the most comprehensive, recently available source of existing volume data. In order to determine how to best marry these two data sources, a model validation analysis was performed. As part of this analysis, volumes from the SCAG RTP 2004 model (2000 Base Year and 2030 Baseline scenarios) were compared to Caltrans AADT count data (Years 2000 and 2004). Figures Figure C-1 and Figure C-2 illustrate some of the comparisons made. During the analysis three major conclusions led to the forecast methodology adopted: o Caltrans 2004 AADT count data were the most recent, comprehensive source for existing volume data. It was the preferred data source for evaluating existing conditions. ® Inconsistencies exist between Caltrans 2000 AADT counts and SCAG model year 2000 volumes. See Figure C-1 for details. ® Adjustments to the SCAG model 2030 baseline forecasts would be necessary. As the last bullet point states, the model validation analysis showed that in order to maintain a meaningful relationship between existing and future conditions, some model post -processing was needed. The future year 2030 volume forecasts were developed from the Caltrans 2004 volume data used in the existing conditions analysis and the growth forecasted by SCAG in their 2004 RTP model. Specifically, volume growth from the year 2000 model base year to the year 2030 model baseline scenario was first isolated. Next, 26/30th of the growth was added to the year 2004 Caltrans count data to obtain the 2030 volume forecasts. The 26/30th factor was applied to the model growth in order to account for the four year difference between the year 2000 model base year and the year 2004 Caltrans data being used to represent existing conditions. It implies a linear growth rate, which was assumed as a simplifying assumption. This assumption was made based on a tabulation of various model inputs and outputs over time such as population, households, employment, vehicle -miles -traveled (VMT), vehicle -hours -of -travel (VHT), and vehicle -hours -of -delay (VHD). Figures C-3 through C-6 illustrates these growth rates. This type of model post -processing is commonly applied and is consistent with National Cooperative Highway Research Report (NCHRP) 255 which establishes the industry standard. The methodology was presented to and endorsed by the project's Technical Advisory Committee based on a detailed analysis of the SCAG model data and other volume data sources. RC7C 74 Draft: Mav 10. 2006 Figure C-1 ROTC Freeway Strategic Plan Dail Volume Com arison (Calms 2000 minus SLAG 2000) <_-"...mt: Volume'Companson #( Study 'segn eats (CT2000.SCAG 2000 p -75 50K vehicles - to -25K vehides -25 13,K Oehides - 01<� 25K u hi 13 g- r MatertRoatls RCTC Freeway Strategic Plan - Phase I 75 Draft: May 10, 2006 Figure C-2 ROTC Freeway Strategic Plan Dail Volume Comparison (Caltrans 2004 minus SCAC 2000) 4bail Ng` in ' Com ris i oStudSegmt" (C�T2004Lt,SCY►G 2000aw `50Ktt -25Kirtiktle ;25Kto OK v<1;' s .7..4aF� 125K vehudes —25K o 50K vehides a` B'SOi.0 •180K yeh4desr A RCTC Freeway Strategic Plan - Phase 1 76 Draft: May 10, 2006 Figure C-3 RCTC Freeway Strategic Study - Phase I Population, Households, & Employment Over Time in Western Riverside (Based on SCAG 2004 RTP Model Forecasts) 2000 2010 2015 Forecast Year O Population 0 Households ❑ Employment RCTC Freeway Strategic Plan - Phase 1 77 Draft: May 10, 2006 Figure C-4 100% 90% 80% 70°% 60% 50% 40% 30% 20% 10% 0% RCTC Freeway Strategic Study - Phase I SCAG 2004 RTP Model SED Growth Rate Characteristics for Western Riverside County Freeways eesssuu asks• _ ease.:a. m as wr—nomri omy sm -FREEWAYS omy V1W-FFMA AYS OMY 67% Line 02020-2030 Proportion 112000-2020 Proportion RCTC 78 Draft: May 10, 2006 a 1,200000 1,ow, 000 800,000 Figure C-5 RCTC FREEWAY STRATEGIC STUDY- PHASE I SCAG 2004 RTP Model Growth Rate Characteristics Vehicle Mlles of Travel In Western Riverside County --0--VMT -TOTAL ALL FACILITIES •"0'"VMT - FREEWAYS ONLY Figure C-6 RCTC FREEWAY STRATEGIC STUDY • PHASE I SCAG 2004 RTP Model Growth Rate Characteristics Vehicle Hours of Travel and Vehicle Hours of Delay In Westem Riverside County • 1. s ems. � s ic 5+ f �' 1 i r r`� t �,, " �' -3 .29%Per y�er j-•- P $ �i�ra.yAar �x< p x � , -' coy* p r"i.:_ x *t g Ax tr . "4 i g Tt60%,peryBera a C 3i x r Gr S i' -0-VHT - TOTAL ALL FACILITIES �•VHT-FREEWAYS ONLY -0-VHD - TOTAL ALL FACILITIES •=0VHD - FREEWAYS ONLY RC7C 79 Draff: Mav 10. 2006 AGENDA ITEM 12 COMMISSIONERS REPORT • • i i • RIVERS/DE COUNTY TRANSPORTATION COMM/SS/ON DATE: July 12, 2006 TO: Riverside County Transportation Commission FROM: Commissioners Ron Roberts and Frank West ' SUBJECT: APTA 2006 Rail Conference BACKGROUND INFORMATION: The recent passage of Assembly Bill 1234 requires a report on trips that are made - by an elected official on behalf of a public agency. The purpose of this report is to provide the Commission with information on the recently -completed American Public Transportation Association (APTA) 2006 Rail Conference in New York, NY during July 11 through July 14, 2006. On an annual basis the APTA Rail Conference is held to address the challenges facing today's rail professionals and officials by exploring real -world strategies and solutions. This year's conference offered a mix of technical sessions developed for rail industry leaders, technical tours of New York rail operations, and networking opportunities. Some of the highlights of the conference included sessions titled "Investing Today for a Brighter ,Tomorrow", "Transit Means Business", and "Today's Realities for Rail Security ATTENDEES: Commissioners Ron Roberts and Frank West attended on behalf of the Commission. Stephanie Wiggins, Regional Programs Director, and Sheldon Peterson, Program Manager, also attended. TECHNICAL SESSIONS: There was a full assortment of technical sessions that directly related to Metrolink Commuter Rail operations or the development of the Perris Valley Line. The following list provides some examples; • Commuter Rail New Starts Round Table. • Vehicle Crashworthiness, Crash Energy Management, and Standards: • Rail Noise Mitigation: Management and Understanding. •- U.S. High Performance Passenger Rail: How and When Will We Get There? • Linking NEPA and New Starts. • Small Starts Criteria and Process. • Level Boarding for Commuter Rail. 281 SUMMARY: This year's conference 'did a 'terrific job of presenting very useful and timely information related to Metrolink and RCTC commuter rail operations. The session on vehicle crashworthiness was particularly helpful since it presented the latest technology of crash energy ,management that will be incorporated into the :next order of Metrolink rail cars. Metrolink will be the first operator in the nation with, this technology and this was the first glance at the new equipment. The designer of the new Metrolink cars presented the early proposed designs and demonstrated how the new technology could reduce injuries in the event of a collision. The session also discussed how the Federal Railroad Administration has cooperated with the industry to develop these new standards and a process for implementing - this enhanced safety technology. The session on level boarding for commuter rail systems was interesting as well. The proposed Federal Transit Administration (FTA) rulemaking would requite that all commuter rail systems to provide for level boarding at each car. The current Metrolink system_ provides for ADA compliant "Mini High" ramps located on the platforms so that each train can load an ADA passenger in the rear car of the train. During the session the FTA Civil Rights administrator explained his position that the ADA riders should be able to board any car of the train, not just the rear car. Members of the panel included representative from the new Nashville Commuter Rail Service and the American AsOciation of Railroads. Both explained the challenges of meeting the proposed rule. The first issue of raising the platforms from 8 inches above top of rail to 15 inches would violate the freight railroads clearance requirements and impact freight operations on railroads shared with commuter rail. This would further limit the ability to establish new commuter rail lines that would share tracks with the freight trains. For the Commission, in addition to the operational issues, there, would be the huge capital' ;expense required to retrofit all of the existing Metrolink stations including the five owned by the Commission. This significant expense seems unnecessary since Metrolink has not received complaints from their ADA riders about the existing "Mini High" system. ROTC has submitted comments to the Notice of Proposed Rulemaking regarding this issue. In addition to these sessions, the conference provided a unique opportunity to discuss the issues relating to rail service with others throughout the country. It was helpful to hear that many other agencies are working through their own challenges with the FTA New Starts Program that has slowed the progress of the Perris Valley Line. Also, it was encouraging to talk to others regarding service expansions and trying to meet the growing ridership demands caused by increasing gas prices. Overall the conference was a success and we appreciate the opportunity to participate on the Commission's behalf. 282 HIS MAY ,AFFECT4YC Caltrans District 8 K Berna dmo'Cauntie's rovrtle a smoother, guieter ride;for motorists When? u Work,hegnnsstl ttglu mer2006, ? I •". • Most work on weeknights (Monday • Thursday)" •• RapidRehab_eeW kend;_Gloures weekend closures1(full'directionalgtto be planned roverthea5ummers of 2006and 2s007 (details to,be,forthconiing • Completed Winter 2007 w= Where? '� 3 - On Interstate.15 from §ierraAve:in Foritana through Devore to south of Cleghorn Road in•the,Cajon Pass (map on,reverse side) _ s Why? The above photographs sho How Can You Av - Plan a - Avoid travel duri -U - Carpool, fly o - Look for - Sign up to have - View real time tra Constructio be p he deteriorated pavement on 1-15 Construction Delays? t before qou travel pld Rehab weekend closures nIternate route a-bUs hi -resort destinations re 2 updates on our website ekly constructton updates emailed rrK .: dfrectly to _you ;: atlon,on our Wab ite before you travel tli les and more information will g the District 8 we''' in 1401260 District 8 -' 464 W. 4th St San Bemardino, CA 866.383.4631 (toll free) 909.383.4631 (local) DE _ATRASH CALIFORNIA PROJECT DESCRIPTION Who? - Caltrans District 8 - Serving Riverside and San Bernardino Counties What? - Replace deteriorated pavement - Add an additional lane for slow vehicles (truck climbing lane) to improve traffic flow - Provide a smoother, quieter ride for motorists When? Bid opening June 29, 2006 - Work to begin late August 2006 - Most work on weeknights (Monday - Thursday) - Rapid Rehab Weekend Closures 9 weekend closures (full directional) to be planned over the Summers of 2006 and 2007 (Closure Details on Reverse Side) - Completed Winter 2007 Where? - On Interstate 15 from Sierra Ave in Fontana through Devore to south of Cleghorn Road in the Cajon Pass PROJECT AREA MAP RAPID REHAB WEEKEND CLOSURE DETAILS CLOSURE DATES WILL BE DETERMINED AFTER A CONTRACTOR HAS BEEN SELECTED CLOSURE A o Southbound 1-15 Kenwood Ave. on ez off ramps closed o Detour — Use Southbound 1-15 Cleghom exit ramps, turn right to Old Cajon Blvd to Kenwood Ave o Southbound 1-15 reduced to two lanes at Kenwood Ave. o Southbound 1-15 #5 8t #6 lanes closed for 10 days CLOSURE B (ANTICIPATE SUBSTANTIAL DELAYS TO SOUTHBOUND 1-15 TRAFFIC o Southbound 1-15 Kenwood Ave. on at off ramps closed o Southbound 1-15 connector closed to southbound 1-15 o Detour - Southbound 1-15 - Continue South on 1-215 through the City of San Bemardino to westbound 1-10 towards Ontario to the I-15 o Northbound 1-215 connector closed to southbound I-15 o Detour — Use westbound 1-10 to 1-15 CLOSURE C (ANTICIPATE SUBSTANTIAL DELAYS TO NOUTHBOUND 1-15 TRAFFIC) o Southbound I-15 connector closed to southbound 1-15 o Detour - Southbound 1-15 — Continue on 1-215 south, exit at Kendall/Palm Ave. Turn right off the freeway to northbound 1-215 onramp, to southbound 1-15 connector o Kenwood Ave. on 8t off ramps closed o Detour - Kenwood Ave. - Use Cleghom interchange CLOSURE D o Southbound 1-15 connector closed to southbound 1-215 o Detour - Southbound 1-215 - Southbound 1-15, exit at Glen Helen Parkway, tum left, retum to northbound 1-15, to southbound 1-215 connector CLOSURE E (ANTICIPATE SUBSTANTIAL DELAYS TO NORTHBOUND 1-215 TRAFFIC) o Northbound 1-215 connector closed to northbound 1-15 o Detour - Northbound 1-215 — Take southbound 1-15, exit at Glen Helen Parkway, tum left, return to northbound 1-15 CLOSURE F (ANTICIPATE SUBSTANTIAL DELAYS TO NORTHBOUND 1-15 TRAFFIC o Northbound I-15 connector closed to northbound 1.15 o Detour — Northbound 1-15 — Continue on southbound 1-215, exit at Kendall/Palm Ave. Tum right off the freeway, to northbound 1-215 onramp, to northbound 1-15 o Northbound 1-15 Kenwood Ave. off ramp closed o Detour - Northbound Kenwood Ave. offramp — Exit at Cleghorn, tum left, to southbound 1-15 entrance, continue on southbound I-15 to Kenwood Ave exit. CLOSURE G o Northbound 1-15 connector closed to southbound 1-215 o Detour — Take northbound I-15, exit at Kenwood Ave., return to southbound 1-15, then to southbound 1-215 air District 8 Public Affairs 909.383.4631 464 W. 4th Street 866.383.4631 &Nang San Bernardino, CA 92401 www.dot.ca.gov/dist8 Printed from pe.com Page l.of 1 Inviting gridlock 10:00 PM PDT on Tuesday, July 11, 2006 San Diego County cannot bus its way out of traffic congestion nor ship gridlock out of town by rail. While mass transit has a role in easing traffic woes, the county will still need more freeway lanes, no matter what planners suggest. The Independent Transit Planning Review Board last month told San Diego County's transportation planners that they should stop investing in freeway projects and pour their money into buses and commuter railways. j Building more freeway lanes, the report said, is no "panacea" and only encourages Inland commuters to use their cars. And, the board said, more freeway lanes only create more urban sprawl. But officials who embrace the "don't build it and they won't come" ethos are doing so in contravention of history. As the past 20 years have shown, Southern California will continue to grow, whether public officials invest in expanded roads or not. The resulting gridlock erodes quality of life, aggravates air pollution, and impedes business and commerce. Transportation planners are wise to seek other modes of transportation, including trains and buses, to help ease the highway crunch. But the sprawling geography of Southern California makes it unrealistic to promote mass transit as a replacement for freeway expansion. How does a Riverside County commuter efficiently travel from a train station in, say, Escondido, to an office 10 miles to the east? Southern California governments should reject insular thinking and cooperate on a regional traffic -relief plan that includes more freeway capacity. Trying to slow growth by refusing to expand roads is not smart planning; it is an invitation to ever -thicker gridlock. Online at: http://www.pe.com/localnews/opinion/editorials/stories/PE Opal Opinion R op 12 ed traffic2.1dc4e86.html httn://www.ne.cnm/cni-hin/hi/onlrl nrint no; 7/.11 i1nnti