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TO: |
Local Advisory Council |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Mary DeLoretto, Chief Service Development Officer |
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PRESENTER(S): |
Bill Greene, Chief Financial Officer |
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Daniel Hofer, Manager, Capital Assets and Project Controls |
TITLE:
title
AR2022-06-01 - Resolution Approving the Proposed Amendment 1 to the Authority’s 2022-2026 Capital Plan and Recommending Approval by the Authority’s Board of Trustees
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AGENDA ITEM TYPE:
LAC - Resolution
RECOMMENDATION:
The Local Advisory Council approve the modified Five-Year Capital Plan as presented and forward it to the Board of Trustees with a recommendation for approval.
BACKGROUND:
The Utah Public District Transit Act (UCA17B-2a-808.2) gives the Local Advisory Council the responsibility to review, approve, and recommend for adoption by the Board of Trustees “project development plans, including funding, of all new capital development projects.”
A Five-Year Capital Plan for the years 2022 through 2026 (the “Plan”) was previously adopted in Resolution R2021-12-06. That plan contains a prioritized list of planned capital projects, a description of the annual prioritization process, and projected funding on an annual, cumulative and project basis.
The Authority has prepared an amendment to the approved Five-Year Capital Plan and is submitting its proposed Amendment No. 1 to the Local Advisory Council seeking its review, approval, and recommendation for adoption by the Board of Trustees.
DISCUSSION:
Amendment
The proposed amendment to the 2022-2026 Capital Plan recognizes new CMAQ funding for the Utah County Bus Stop Improvements Project and adds three (3) new projects to the capital program. It also incorporates the proposed Budget Amendment #1 being considered by the Board (which is presented as a separate item on the LAC’s June 1, 2022 agenda).
MSP224- UTA ADA Bus Stop Improvements- Utah County
Adding a new project #1. This project is an existing 2021 project that was not funded in 2022. Subsequently, UTA was awarded CMAQ funding and would like to recognize authority for construction activities in 2022. If approved, this request would restore the project to the 2022 Capital Plan and recognize the CMAQ funding that has been programmed for this project and the necessary match. CMAQ Funding amount is $268,500 and UTA’s match is $19,500 for a total of $288,000.
MSPXX1- Station Area Planning
Adding a new project #2. In an effort to catalyze real estate development around UTA stations, the Utah Legislature recently passed a bill (HB462) requiring every municipality with a fixed guideway transit station to complete a Station Area Plan (SAP) by 2026. As the principal organization in the state specializing in Station Area Planning, UTA has assured the Legislature, the Metropolitan Planning Organizations, and our city partners that the agency will meet this increased demand with additional technical assistance and expertise.
If approved, this request would allow UTA to initiate that effort in 2022, either through consultants, contractors, additional UTA staff, or a combination of the three. The TOD group, in close coordination with UTA’s Strategic Planning team, will determine how best to meet the legislative requirements to create development-focused plans that are responsive to the market realities surrounding transit stations.
The 2022 amount for this new project is $120,000.
SGRXX1- Fiber Rehab and Replacement Project
Adding a new project #3. UTA has an opportunity to realize economies of scale and accelerate fiber technology throughout the system by advancing material purchases to this year. These fiber purchases will support substation rehabilitation and other fiber installation projects throughout the system next year. By advancing this purchase, installation and project completion will be expedited on projects sharing the fiber network.
This request will cover design and material costs with anticipated fiber delivery this year. The installation and construction costs are anticipated to occur next year. This construction acceleration will be addressed in the 2023-2027 Capital Plan update later this year.
Materials currently have a six-month lead time. The 2022 capital cost is $750,000.
ALTERNATIVES:
The LAC may suggest revisions to the proposed amendment in their recommendation to the Board of Trustees.
FISCAL IMPACT:
This request will add $1,158,000 worth of new capital projects to UTA’s 2022-2026 Capital Plan. Once approved by the Board of Trustees, funding will be provided as follows - $268,500 from CMAQ funding (which will be recognized as revenue), and the remaining from UTA’s fund balance.
ATTACHMENTS:
Resolution AR2022-06-01