Agenda Item Wording:
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Measure R Trails Reallocation of Funds - Authorization to reallocate Measure R Trail Funds between project categories within the City of Visalia's Measure R Trail funding allocation of $30,390,000 as outlined in this report.
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Prepared by:
Dolores Verduzco, Financial Analyst, Dolores.Verduzco@visalia.city, (559) 713-4540
Chris Crawford, City Engineer, Chris.Crawford@visalia.ctiy, (559) 713-4331
Jason Huckleberry, Engineering & Building Director, Jason.Hucklebery@visalia.city, (559) 713-4495
Department Recommendation:
Staff recommends City Council authorize the reallocation of Measure R Trail Funds between project categories within the city's Measure R funding allocation of $30,390,000 for trails, bike, and/or pedestrian projects as outlined in this report.
Summary:
Measure R funding in the amount of $30,390,000 is identified in the Measure R Expenditure Plan for the City of Visalia to utilize towards trail, bike and/or pedestrian projects. The total Measure R funding allocation of $30,390,000 is separated into different project categories to identify projects along specific trails within the city. Measure R funds can be reallocated between project categories based on funding needs and contingent upon City Council approval. The proposed reallocation of Measure R Trail funding will move budget between project categories listed in the Measure R Expenditure Plan. This is a revenue neutral action, and the recommended action is not increasing the budget.
Background Discussion:
In November 2006 voters approved a 30 year 1/2 cent sales tax measure to fund transportation projects countywide. The Measure R Expenditure Plan was prepared with input from member agencies and voters as a guide to fund transportation needs in Tulare County through the year 2037. The Measure R Expenditure Plan identifies funding categories to outline the projects that will be funded to include Regional Projects, Local Projects, and Transit/Bicycle/Envir...
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