HomeMy Public PortalAbout06 June 09, 2010 Executive89514
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
EXECUTIVE COMMITTEE
(COMMISSIONERS STEVE ADAMS, MARION ASHLEY, JOHN BENOIT,
BOB BUSTER, MARY CRATON, TERRY HENDERSON, BOB MAGEE
GREG PETTIS, KAREN SPIEGEL, JEFF STONE, JOHN TAVAGLIONE)
PLEASE NOTE TIME CHANGE
8:30 A.M.
WEDNESDAY, JUNE 9, 2010
County of Riverside Administrative Center
Conference Room A
4080 Lemon Street, Third Floor, Riverside
In compliance with the Brown Act and Government Code Section 54957.5, agenda
materials distributed 72 hours prior to the meeting, which are public records relating to
open session agenda items, will be available for inspection by members of the public prior
to the meeting at the Commission office, 4080 Lemon Street, Third Floor, Riverside, CA,
and on the Commission's website, www.rctc.org.
In compliance with the Americans with Disabilities Act and Government Code Section
54954.2, if you need special assistance to participate in an Executive Committee meeting,
please contact the Clerk of the Board at (951) 787-7141. Notification of at least 48 hours
prior to meeting will assist staff in assuring that reasonable arrangements can be made to
provide accessibility at the meeting.
1. CALL TO ORDER
2. PUBUC COMMENTS
3. APPROVAL OF MINUTES - JANUARY 13 AND FEBRUARY 10, 2010
4. ADDITIONS/REVISIONS - The Committee 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 Committee subsequent to the
posting of the agenda. An action adding an item to the agenda requires 2/3
vote of the Committee. If there are less than 2/3 of the Committee 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.
11.36.21
RCTC Executive Committee Agenda
June 9, 2010
Page 2
5. CONSIDERATION OF INCREASING THE MEASURE A BOND DEBT LIMIT
Overview
This item is for the Committee to:
1) Consider options for increasing the $500 million Measure A bond debt
limit;
2) Review the discussion and comments on the topic from the Western
Riverside County Delivery Plan Ad Hoc Committee;
3) Direct staff to develop a draft ordinance amendment to increase the debt
limit; and
4) Forward to the Commission for final action.
6. ADJOURNMENT
The next Executive Committee meeting is scheduled to be held at 9:00 a.m.,
Wednesday, July 14, 2010, 4080 Lemon Street, Third Floor, Conference
Room A, Riverside.
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
EXECUTIVE COMMITTEE
ROLL CALL
JUNE 9, 2010
Present
County of Riverside, District I
County -of Riv'erside L t icty
County of Riverside, District III
County of Rt ersi er .District I\
County of Riverside, District V
City of
City of Cathedral City
City of Curt
City of Lake Elsinore
City o Riverst
City of La Quinta
Absent
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
EXECUTIVE COMMITTEE SIGN -IN SHEET
JUNE 9, 2010
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RIVERS/DE COUNTY TRANSPORTATION COMMISSION
EXECUTIVE COMMITTEE
January 13, 2010
Minutes
1. CALL TO ORDER
The meeting of the Executive Committee was called to order by
Chair Bob Buster at 8:30 a.m. in Conference Room A at the County of
Riverside Administrative Center, 4080 Lemon Street, Third Floor, Riverside,
California, 92501.
Commissioners Present
Steve Adams
Marion Ashley
John Benoit
Bob Buster
Mary Craton
Terry Henderson
Bob Magee
Greg Pettis
Karen Spiegel
John Tavaglione
Commissioners Absent
Jeff Stone
2. PUBLIC COMMENTS
There were no requests to speak from the public.
3. APPROVAL OF MINUTES
M/S/C (Adams/Henderson) to approve the minutes of
2009, as submitted.
4. ADDITIONS/REVISIONS
There were no additions or revisions to the agenda.
December 9,
RCTC Executive Committee Minutes
January 13, 2010
Page 2
5. PROPOSED COMMITTEE RESTRUCTURING
Anne Mayer, Executive Director, presented the proposed committee
restructuring, discussing the following areas:
• Disbanding the Plans and Programs Committee;
• Proposed structure of the Coachella Valley Programs and Projects
Committee; and
• Proposed structure of the Budget and Implementation Committee.
The committee discussed the proposed date of the Coachella Valley
Programs and Projects Committee.
Commissioner Marion Ashley requested the meeting be held in the morning
due to a schedule conflict. He also asked staff to look into a proxy vote
provision for committee meetings.
Tom Kirk, Executive Director of the Coachella Valley Association of
Governments (CVAG), stated he would discuss the concern with the CVAG
Executive Committee and Commission staff to determine the best time to
convene the meeting.
At Commissioner Ashley's request, Steve DeBaun, legal counsel, confirmed
that he will look into a proxy vote provision at a committee meeting for
Supervisors.
The committee also discussed the participation of the Chair in the proposed
committee restructure.
Commissioner Greg Pettis expressed support for the Chair's participation.
M/S/C (Henderson/Ashley) to:
1) Approve disbanding the Plans and Programs Committee;
2) Approve the formation of the Coachella Valley Programs and
Projects Committee and the Western Riverside County Programs
and Projects Committee;
3) Review and approve the restructuring of the Budget and
Implementation Committee; and
4) Forward to the Commission for discussion at its annual
workshop on January 29, 2010, and return for final action at
the February Executive Committee meeting.
RCTC Executive Committee Minutes
January 13, 2010
Page 3
6. UPDATE ON FEDERAL REQUIREMENTS FOR PROCUREMENT AND FUNDING
ELIGIBILITY
Anne Mayer briefed the committee on federal requirements involving federal
debarment of local officials who have been indicted on felony charges,
specifically involving a potential loss of federal funding.
7. ADJOURNMENT
There being no other items to be considered, the Executive Committee
meeting adjourned at 9:23 a.m.
Respectfully submitted,
Jennifer Harmon
Clerk of the Board
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
EXECUTIVE COMMITTEE
February 10, 2010
Minutes
1. CALL TO ORDER
The meeting of the Executive Committee was called to order by
Chair Bob Buster at 9:05 a.m. in Conference Room A at the County of
Riverside Administrative Center, 4080 Lemon Street, Third Floor, Riverside,
California, 92501.
Commissioners Present Commissioners Absent
Steve Adams
Marion Ashley
Bob Buster
Terry Henderson
Bob Magee
Greg Pettis
Karen Spiegel
Jeff Stone
John Tavaglione
John Benoit
Mary Craton
2. PUBLIC COMMENTS
There were no requests to speak from the public.
3. APPROVAL OF MINUTES — TO BE SUBMITTED AT THE NEXT MEETING
4. ADDITIONS/REVISIONS
There were no additions or revisions to the agenda.
5. PROPOSED COMMITTEE RESTRUCTURING
John Standiford, Deputy Executive Director, provided an update on the
proposed committee restructuring.
RCTC Executive Committee Minutes
February 10, 2010
Page 2
M/S/C (Henderson/Stone) to:
1) Approve disbanding the Plans and Programs Committee;
2) Approve the formation of the Coachella Valley Programs and
Projects Committee and the Western Riverside County Programs
and Projects Committee; and
3) Approve the restructuring of the Budget and Implementation
Committee.
6. UPDATE ON FEDERAL REQUIREMENTS FOR PROCUREMENT AND FUNDING
ELIGIBILITY
Anne Mayer briefed the committee on federal requirements involving federal
debarment of local officials who have been indicted on felony charges,
specifically involving a potential loss of federal funding.
7. ADJOURNMENT
There being no other items to be considered, the Executive Committee
meeting adjourned at 9:17 a.m.
Respectfully submitted;
WIALJcrgr---
Jennifer Harmon
Clerk of the Board
AGENDA ITEM: 5
RIVERSIDE COUNTY TRANSPORTATION COMMISSION
DATE:
June 9, 2010
TO:
Executive Committee
FROM:
Anne Mayer, Executive Director
SUBJECT:
Consideration of Increasing the Measure A Bond Debt Limit
STAFF RECOMMENDATION:
This item is for the Committee to:
1) Consider options for increasing the $500 million Measure A bond debt limit;
2) Review the discussion and comments on the topic from the Western
Riverside County Delivery Plan Ad Hoc Committee;
3) Direct staff to develop a draft ordinance amendment to increase the debt
limit; and
4) Forward to the Commission for final action.
BACKGROUND INFORMATION:
In November 2002, Riverside County voters approved a 30-year extension of the
Measure A half -cent, transportation sales tax program. State law that governs the
approval of these measures requires that the proposition include an authorization
for bonded indebtedness and the establishment of a limit on the amount that can
be borrowed from future sales tax proceeds.
Interestingly enough, the 2002 Measure A program actually established a debt limit
that was lower than the limit approved for the 1988 Measure A program. The
original 1988 Measure A program established a borrowing limit of $300 million.
Four years later, the Commission went back to the voters and received voter
approval to raise the limit to $525 million, which remained in place until the
culmination the original measure in 2009.
Economic conditions have changed drastically since 1992. The original Measure A
was projected to raise less than $2 billion during its 20-year duration, while the
current Measure A program is expected to generate up to $4.6 billion in the
remaining 29 years of its existence. In spite of the current economic downturn,
that number is likely to grow even higher, especially given some projections of high
inflation due to the federal deficit.
Agenda Item 5
Currently, the Commission is aggressively seeking to move construction projects
forward with the aim of taking advantage of a favorable bidding environment and
to complete a number of projects in the Measure A 30-Year Expenditure Plan as
quickly as possible.
With interest rates currently holding at low levels, the $500 million bonding limit
could constrain the Commission's ability to rapidly deliver a wide array of projects
including regional arterials, the Perris Valley Line extension and the State Route 91
Corridor Improvement Project in Corona.
In considering its options, the Commission could opt to take a wait and see
approach for a couple of years or it can act quickly by placing a measure on the
November 2010 ballot. If action is taken to place a measure on the November
ballot, it would require an action by the County Board of Supervisors by August 6,
2010 to call the election. Most importantly, the action to raise the debt limit would
not change current borrowing practices that require Commission approval and
oversight of all bonding transactions.
The purpose of this item is to allow the Executive Committee to discuss the issue
and to provide staff with direction.
Agenda Item 5
Modifying
Measure A's Borrowing Limit
June 9, 2010
Stimulating Conversation &
Construction
• Funding Needed for SR-91 CIP
• Urgent Arterial/Interchange Needs Remain
— Foothill Parkway
— I-215Nan Buren
— French Valley Parkway
— Coachella Valley Projects
• PVL Construction Starts in 2012
• Additional Freeway Projects on Tap
Measure A Legal Details
• State law requires a limit
• 1988 Measure — $300 Million Limit
— 79 Percent Approval
• 1992 Election Raised Limit to $525 million
— 52 percent Approval
• 2002 Measure A Established $500 million limit
— Needed 2/3rds Approval
Polling Results
• Engaged previous Measure A Team
• Initial numbers are encouraging
— 62% support
• Campaigning could be counterproductive
• Ballot language especially critical
• November ballot will be crowded
" R O T C m u s t r e i m b u r s e c o u n t y
" 2 0 0 2 c o s t w a s $ 3 7 2 , 0 0 0
" E l e c t i o n c o s t s a r e M e a s u r e A e l i g i b l e
" C a m p a i g n a c c o u n t s t i l l n e e d e d
Arguments in Support
• Precedent set in 1992
• Polling results are supportive
• Organized opposition is unknown
• Risk of delay on the SR-91 CIP
• Will be necessary at some time, if we can't
act now —When?
Recommendation
• Direct Legal Counsel to draft ordinance
• Present to Executive Committee in June
• Seek Commission approval in July
• Obtain vote from Supervisors -July 27
• Ask for Commissioner help for campaigning
• Obtain voter approval in November