Subj: Request for Proposals for Financial Advisory Services Related to the Sacramento County Measure A Transportation Sales Tax Program

Transcription

1 February 11, 2011 To: Interested Consulting Firms From: Brian A. Williams Executive Director Subj: Request for Proposals for Financial Advisory Services Related to the Sacramento County Measure A Transportation Sales Tax Program The Sacramento Transportation Authority (STA) is distributing the attached Request for Proposals (RFP) to consulting firms that may have an interest in providing financial advisory services related to the Sacramento County Measure A transportation sales tax program. The proposed work scope calls for three key services: Update the Measure A Capital Allocation Plan that sets forth the anticipated schedule of Measure A revenues, cash flow, and distributions to eligible capital projects. Evaluate alternative financing mechanisms, and prepare a preferred financing strategy to accelerate the delivery of Measure A capital projects. Provide on-going advice, facilitation, management, and reporting as needed to implement the preferred financing strategy. As directed by the RFP, interested consulting firms should submit proposals by 5:00 pm on March 23, 2011, to: Sacramento Transportation Authority 431 I Street, Suite 106 Sacramento, CA ATTN: Gloria Busby Office Manager The preferred consultant(s) will be selected by the STA Governing Board at its meeting of April 14, Contracted services will begin July 1, It is anticipated that the contract term will last five years. Enclosures

2 SACRAMENTO TRANSPORTATION AUTHORITY REQUEST FOR PROPOSALS FINANCIAL ADVISORY SERVICES RELATED TO THE SACRAMENTO COUNTY MEASURE A TRANSPORTATION SALES TAX PROGRAM PURPOSE The Sacramento Transportation Authority (STA) is soliciting proposals from consulting municipal financial advisory firms qualified and interested in: Preparing an updated and amended Measure A Capital Allocation Plan (CAP) that sets forth an anticipated schedule of Measure A revenues, cash flow, and distributions to eligible capital projects Evaluating alternative financing mechanisms, and preparing a preferred financing strategy to accelerate the delivery of Measure A capital projects Providing on-going advice, facilitation, management, and reporting as needed to implement the preferred financing strategy It is anticipated that--subject to successful negotiation with a qualified consultant(s)--the associated services would commence in July 2011 with an engagement period of four years. The project budget has not been determined. BACKGROUND The Measure A transportation sales tax program was first approved by Sacramento County voters in It imposed a ½-percent Countywide sales tax for 20 years ( ) to fund a comprehensive program of roadway and transit improvements and services. On November 2, 2004, Sacramento County voters approved an Ordinance to extend and amend the ½-percent transportation sales tax program for 30 years ( ). Eligible expenditures are set forth in the Sacramento County Transportation Expenditure Plan. Measure A is administered by the Sacramento Transportation Authority (STA), a 15-member panel of elected representatives of the County and the incorporated cities therein. The Board consists of all five members of the County Board of Supervisors, 5 members of the Sacramento City Council, 1 member each from the city councils of Citrus Heights, Elk Grove, Folsom, and Rancho Cordova, and one member appointed concurrently by the city councils of Galt and Isleton. The STA is a Local Transportation Authority as set forth in the California Public Utilities Code, Sec

3 February 14, 2011 Page 2 Cumulative revenues during the 30-year New Measure A term are anticipated to be about $7 billion. Approximately $6 billion is anticipated from the ½-percent sales tax and $850 million will be generated from a new uniform Countywide development impact fee. The cumulative revenue estimate is about 30% lower than the forecasted revenues assumed in the original New Measure A Plan of Finance (2006). Measure A revenues will represent approximately ¼ to ½ of the total cost of each of the capital improvements listed in the Expenditure Plan. To the maximum extent possible, the STA intends that Measure A revenues be used to leverage and match other local, state, federal, and private transportation funds that may become available during the 30-year term. Measure A revenues are also used to service bond debt. The STA issued Bond Anticipation Notes (BANs) in 2006 and In 2009, the STA issued long-term sales tax revenue bonds (variable rate demand bonds backed by three standby bond purchase agreements). At that time, the BANs were refunded. Future interest rates on the 2009 bonds are hedged with three interest rate swap agreements. This Request for Proposals (RFP) is being distributed by the STA in its capacity as the administering agency for the Measure A transportation sales tax program. The RFP is intended solely to solicit competitive proposals from consulting Financial Advisory firm(s) qualified to: Update and amend the STA s comprehensive financing and project delivery strategy as represented by the Measure A Capital Allocation Plan; Identify, facilitate, and manage appropriate financing mechanisms; Provide on-going financial advice tailored to the unique circumstances of the Measure A program and the current state of the financial markets. It is not intended to solicit financial advisory services related to other work elements for which STA is responsible. The Capital Allocation Plan serves as a blueprint for the allocation of resources to capital projects that will be funded wholly or in part with Measure A revenues. The Plan guides the STA Governing Board and staff along with the policy boards and staffs of the participating local transportation agencies in making programming and financing decisions that facilitate efficient and equitable delivery of the Measure A capital program. The Plan supplements the project delivery expertise of the sponsoring public agencies. As such, the preferred consultant may be required to coordinate with transportation and financial management staff from the County of Sacramento, incorporated cities, Sacramento Regional Transit District, and Caltrans during the Plan update. SCOPE OF SERVICES The associated Scope of Services will include, but may not be limited to, the following key tasks: 1. Refine Measure A Revenue Projections and Assumptions: The selected Consultant will develop a methodology for estimating Measure A sales tax and development fee revenues for each year of the sales tax term. It will be designed so that STA staff can update it as needed to reflect changing assumptions. 2. Update Project Scopes and Cost Estimates: The selected Consultant in coordination with STA staff will confer with transportation and/or finance staff from the sponsoring

4 February 14, 2011 Page 3 transportation entities as needed to update the scope, estimated cost, and delivery schedule of the projects set forth in the Measure A Capital Allocation Plan. 3. Determine Cash Flow Requirements: The selected Consultant will determine the amount of cash that must be available at specified intervals to maintain the project delivery schedules prepared per Task #3. The revenue forecasting tool developed per Task #2 will be used to re-evaluate cash flow requirements as revenue and other assumptions change over time. The Consultant will perform a financial capacity analysis of the capital improvement categories set forth in the Expenditure Plan. 4. Identify Types and Scheduling of Financing Mechanisms: Based on the cash flow requirements and on the revenue projections and assumptions developed per Task #2, the selected Consultant will prepare a matrix of alternate financing mechanisms for accelerating Measure A and other revenues. The matrix will include the costs and benefits of each alternative approach. Consultant will prepare a financing strategy that sets forth the most appropriate financing mechanism(s) and schedules relative to the cash flow requirements and the STA s financial outlook, credit quality, and other relevant circumstances. The Consultant will also identify those projects that should be funded pay-as-you-go. 5. Prepare Draft Update of the Measure A Capital Allocation Plan: The selected Consultant will present updated policy recommendations and creative funding, financing, and cash flow strategies to facilitate effective and equitable delivery of the Measure A capital program. The product will be an updated Capital Allocation Plan that includes, but is not limited to, the following elements: Executive Summary Policies for Effective and Equitable Project Delivery Proposed Schedule of Measure A Distributions for Each Capital Project during Each Year of the Program Term Schedule and Recommended Type(s) of Financing Mechanism(s) Other Funding Issues and Recommendations The Consultant will review the Draft Capital Allocation Plan with the STA staff, Measure A Independent Taxpayers Oversight Committee (ITOC), and STA Governing Board. 6. Prepare Final Measure A Capital Allocation Plan: The Consultant will use technical and policy comments received on the draft (Task #6) to prepare a Final Measure A Capital Allocation Plan. The Plan will be presented to the STA Governing Board for adoption at a regular meeting thereof. Additional Services In addition to updating the Capital Allocation Plan, the Consultant will be requested to provide additional services related to implementing the recommended financing mechanisms and providing on-going financial management advice. The selected Financial Advisory consultant will not subsequently be selected to underwrite any recommended financing instrument(s).

5 February 14, 2011 Page 4 PROPOSAL CONTENTS The Authority prefers to contract with a single firm and not with multiple firms organized as a joint venture. Where two or more Responders desire to submit a single Proposal in response to this RFP, they should do so as prime-subcontractor rather than as a joint venture. Consultants interested in providing the services described above should submit a Proposal that includes the following elements. The Proposal should contain only information pertinent to the information solicited herein. As such, the STA anticipates that responses will not exceed about 20 pages in length: 1. Introduction to Firm(s) A. Transmittal Letter that summarizes the firm(s) interest and approach to performing the Scope of Services outlined above. The letter should be signed by an individual authorized to submit a bid proposal and negotiate a contract. B. Background Information on the firm and any proposed subconsultants, including: legal name of firm; year established; address, telephone number, and fax number; type of organization (partnership, corporation, etc.). C. A statement that the consultant(s) is not in default to the State of California or any public agency in Sacramento County for taxes, licenses, or previous agreements. The statement should include a summary of legal or regulatory violations, pending or actual investigations by regulatory agencies, or other legal matters involving the firm during the prior 3 years. D. A statement that the Consultant(s) is an Equal Opportunity Employer as defined by federal and state statutes. E. Identification of any Disadvantaged Business Enterprises (DBEs) included in the consulting team. It is the intent of the STA that DBEs be informed of and have an opportunity to participate in the procurement activities that may be associated with this RFP. 2. Recommended Approach A. A narrative summary of the services to be provided and how they will be performed, including an itemization of the interim products (i.e. working papers, reports), if any, that will be delivered as part of the scope of services set forth above. B. A Work Plan that itemizes the tasks to be completed and the estimated length of time for completing them. The work plan should include an estimate of the length of time (i.e. number of weeks/months from commencement of project) for the delivery of all interim, draft, and final products. C. An Organization Chart that clearly identifies key persons (including subcontractors) who would be responsible for performing the tasks set forth in the scope of services, along with a description of proposed relationships among key personnel and support staff. The

6 February 14, 2011 Page 5 Work Plan should include a spreadsheet depicting the estimated number of person-hours by job class for each task. 3. Consultant(s) Qualifications A. Experience & Expertise: The Proposal should describe the firms(s) experience and expertise relative to the scope of services outlined above. This should include a listing of projects for which the firm has provided similar services, including: Project description and location Client name and key contact Key consulting personnel involved Fee arrangement and total value of services Budget and schedule performance B. Personnel: Resumes for all technical, professional, and management personnel (including subcontractors) expected to be assigned to the project. The Proposal should demonstrate the qualifications of all assigned personnel and a clear commitment that each will actually perform the tasks assigned to them in the Organization Chart. The project leader and principal contact for all matters associated with this project should be clearly identified. The Proposal should also demonstrate that the project leader will attend meetings as requested by Authority staff and will be fully engaged in the day-to-day management of the contracted activities. C. Conflict of Interest: A statement that the consultant is not committed to another project or client that would constitute a conflicting interest with the project described herein. Conflicts of interest may include but are not limited to: contracts for work related to the implementation of specific projects in the Measure A Expenditure Plan contracts with public agency sponsors of projects listed in the Measure A Expenditure Plan contracts with local property development companies D. Insurance: The preferred Contractor will be required to maintain General Liability insurance including contractual liability and automobile liability with a combined single limit of at least one million dollars ($1,000,000). The policy will name the Authority as an additional insured. 4. Fee Proposal Based on the proposed scope of services and work products, the Proposer should set forth its recommended fee arrangement and cost estimate for performing the tasks in the scope of services. The cost estimate should reflect the person-hours depicted in the Recommended Approach (#2 above). Costs should be presented for each task outlined in the scope of services. The cost estimate should include all items for compensation, including:

7 February 14, 2011 Page 6 Personnel: List name, position, hourly rate, and cumulative costs for all consultant personnel. Hourly rates should include total employee costs, including overhead. Other Direct Costs Subcontractor Costs: State the cumulative proportion of the total contract cost attributable to each subcontractor. Contingencies: The fee proposal should incorporate a prudent reserve for possible additional costs. Such contingency funds may be required for additional tasks identified during refinement of the scope of services, additional meetings and presentations, or other possible variations from the scope of services herein. The Fee Proposal shall be enclosed in a separately sealed envelope and submitted with the Proposer s response to this RFP (see SUBMITTAL below). 5. Exceptions/Deviations Information that a proposer determines to be pertinent to this project and which has not been specifically solicited in this RFP may be placed in a separate technical appendix to the Proposal. This section should include any variations of the RFP s technical requirements that the proposer desires to offer. PUBLIC DISCLOSURE The California Fair Political Practices Act prohibits a member of an appointed public board such as the STA from participating in or influencing a decision on whether to award a contract to an organization if he/she has received a contribution of $250 or more from that organization within the previous 12 months. The Act further requires that an STA member who has received such a contribution disclose the contribution on the record of any applicable proceeding. In addition, Board members are prohibited from soliciting or accepting a contribution from any party vying for a contract while the matter is pending before the agency or for three months following the date on which a final decision on contract award has been made. As set forth above, respondents must disclose all contributions of $250 or more made to any STA Board member during the past 12 months by completing the Contribution Disclosure Form attached hereto. SUBMITTAL Interested consultants should submit five (5) copies of their Proposal by 5:00 p.m. on March 23, 2011, to: Sacramento Transportation Authority 431 I Street, Suite 106 Sacramento, CA ATTN: Gloria Busby Office Manager

8 February 14, 2011 Page 7 The Proposal should be submitted in a sealed envelope or container labeled: PROPOSAL FOR MEASURE A FINANCIAL ADVISORY SERVICES. The Fee Proposal shall be enclosed therein in a separately sealed envelope. All proposals shall be firm offers, valid for 90 days following the deadline for submittal to the STA. Proposals submitted after the deadline will not be considered. No electronic or facsimile copies will be accepted. All proposals become the property of STA, and will be considered public records after an associated contract is executed. Addenda/Questions Any adjustments made by the STA to the provisions set forth in this RFP after it has been distributed will be made by written addendum distributed to all parties that have received an RFP packet. Responders should acknowledge receipt of any such addenda in the transmittal letter enclosed with the Proposal. STA is not bound to any modifications or variations from the requirements set forth herein as the result of any oral communication. All questions from Responders regarding the provisions set forth in this RFP must be submitted to the STA in writing no later than close of business on March 9, Questions submitted after this date will not be acknowledged. Questions may be submitted (Attn: GLORIA BUSBY) via the following methods: US Mail: Sacramento Transportation Authority 431 I Street, Suite 106, Sacramento, CA Private Courier: Sacramento Transportation Authority 431 I Street, Suite 106, Sacramento, CA Facsimile: Attn: Gloria Busby gloria@sacta.org EVALUATION STA will convene a panel of local public agency finance and transportation managers to review the proposals and develop a recommendation on the preferred consulting firm(s). The proposals will be evaluated on the thoroughness, clarity, quality, and completeness of the material presented with emphasis on understanding of the project and relevant experience with assignments of this type. The following criteria will be of particular significance in the evaluation: Proposed cost to perform the tasks set forth in the Scope of Services Experience and expertise of the consulting firm(s) relative to the proposed Scope of Services Relevant experience of consulting personnel to be assigned to the project Recommended Approach Demonstrated understanding of the STA s needs and of the financial challenges facing transportation agencies in Sacramento County Interviews may be conducted. The STA Governing Board will select a preferred consultant with which to negotiate a formal agreement. The preliminary evaluation schedule is as follows:

9 February 14, 2011 Page 8 Feb 10: Feb 14: Mar 9: Mar 11: Mar 23: Mar 24-31: Apr 14: STA Governing Board authorizes distribution of RFP RFPs distributed to consultant list and posted on STA website Deadline for submitting questions on the RFP Answers to questions posted on STA website Proposals due to Authority Panel reviews proposals and recommends a preferred consulting firm(s); panel conducts consultant interviews (if necessary) STA Governing Board selects a preferred consulting firm The STA reserves the right to award a contract to the consultant(s) whose qualifications and bid proposal in the sole judgment of the STA most closely match the needs of the project. The STA also reserves the right to reject any or all of the submittals and/or to waive minor irregularities. Solicitation of bid proposals in no way obligates the STA to contract with any firm. Selection of a preferred consultant may be made without subsequent discussion with any Proposer. As such, the Proposal should emphasize qualifications and experience directly relevant to the advisory needs of the STA and it should contain the Proposer s most favorable terms and conditions. Thank you for your interest in this important project

10 Measure A Capital Allocation Plan WORKSHEET Updated: Measure A Allocation by Project SAC CO. - ANTELOPE ROAD (Watt Ave Roseville Rd) , ,000 SAC CO. - ARDEN WAY ITS IMPROVEMENTS (Ethan Way Fair Oaks Blvd) Phase SAC CO. - BRADSHAW ROAD - Phase 1 (Calvine Rd Florin Rd) - - 2,271,000 1,685,000 4,569, SAC CO. - BRADSHAW ROAD - Phase 2 (Calvine Road Old Placerville Road) SAC CO. - FOLSOM BOULEVARD (Watt Ave Bradshaw Rd) SAC CO. - GREENBACK LANE (Fair Oaks Blvd Main Ave) Phase , SAC CO. - GREENBACK LANE (Fair Oaks Blvd Main Ave) Phase m - SLPP SAC CO. - GREENBACK LANE (I-80 Manzanita Ave) SAC CO. - HAZEL AVENUE - Phase 1 (US 50 Curragh Downs) - - 3,552,000 3,487,000 11,243,000 4,000,000 4,000, SAC CO. - HAZEL AVENUE - Phase 2 (Curragh Downs - Placer Co. Line) SAC CO. - HAZEL AVENUE - (US Highway 50 Folsom Blvd) , , ,000 8,870,000 5,537,000 SAC CO. - MADISON AVENUE - Phase 1 (Sunrise Blvd Hazel Ave) , , , , SAC CO. - MADISON AVENUE - Phase 2 (Hazel Ave Greenback Lane) k SLPP SAC CO. - MADISON AVENUE - Phase 3 (Watt Ave Sunrise Blvd) SAC CO. - SOUTH WATT/ELK GROVE-FLORIN ROAD - Phase 1 (Kiefer Blvd Jackson Rd) , , , , SAC CO. - SOUTH WATT / ELK GROVE-FLORIN ROAD - Phase 2 (Jackson Rd Florin Rd) SAC CO. - SUNRISE BOULEVARD (Jackson Rd Grant Line Rd) ,128,000 8,155,000 SAC CO. - SUNRISE BOULEVARD (Madison Ave Gold Country Blvd) m - SLPP m SLPP m SLPP SAC CO. - WATT AVENUE (Antelope Rd Capital City Freeway) SAC CO. - WATT AVENUE / SR50 INTERCHANGE UPGRADE ,000 21,000 1,577,000 1,000,000-2,014,000 2,802,000 1,450, TOTAL SAC CO ,248,000 6,093,000 17,808,000 5,246,000 4,000,000 2,383,000 3,832,000 2,233,000 12,114,000 14,050,000 CALTRANS - 5/50 Interchange Improvements CALTRANS - 5/80 Interchange Upgrade, HOV Connector, and Int 5 HOV Lanes - - 1,500, CALTRANS - Oak Park (SR99/50) Interchange Improvements m - SLPP CALTRANS - I-5 Bus/Carpool Lanes - - 1,500,000 1,685, CALTRANS - I-80 Bus/Carpool Lanes , , CALTRANS - Highway 50 Bus/Carpool Lanes - - 4,330,000 2,155,000 5,508,000 13,000,000 12,000, ,096, TOTAL CALTRANS - - 7,570,000 3,840,000 6,008,000 13,000,000 12,000, ,096, CITY OF SAC. - Arden Way ITS Improvements (Del Paso Ethan) m CITY OF SAC. - Bruceville Road Widening: Sheldon Road to Cosumnes River Blvd CITY OF SAC. - COSUMNES RIVER BOULEVARD (I-5 Franklin Blvd.) REIMBURSEMENT ,989,000 2,026,000 2,110,000 2,173,000 CITY OF SAC. - COSUMNES RIVER BOULEVARD/I-5 INTERCHANGE UPGRADE REIMBURSEMENT m - SLPP- 1,393,000 1,435,000 1,478,000 1,525,000 CITY OF SAC. - FOLSOM BOULEVARD (65th St. Watt Ave.) CITY OF SAC. - RICHARDS BOULEVARD / INTERSTATE 5 Interchange Improvements m OMA - - 3,729,000-4,250,000 5,000,000 - CITY OF SAC. - DOWNTOWN INTERMODAL STATION - 15,914,000 16,890,000-10,820,000 17,389, ,203,000 4,690,000 TOTAL CITY OF SAC. - 15,914,000 16,890,000-10,820,000 17,389,000-3,729,000 3,382,000 7,711,000 28,791,000 8,388, m SLPP RANCHO CORDOVA - FOLSOM BOULEVARD Streetscape Phase 1 (Bradshaw to Sunrise) , RANCHO CORDOVA - FOLSOM BOULEVARD Streetscape Phase 2 (Bradshaw to Sunrise) , ,059, ,215, RANCHO CORDOVA - SUNRISE BOULEVARD (Gold Country Road-Jackson Rd)** - 318,000 8,000, ,195,000-1,021,000-3,233, TOTAL RANCHO CORDOVA - 318,000 8,849, ,254,000-1,021,000-5,448, CITRUS HEIGHTS - ANTELOPE ROAD - Phase 1 (Roseville Rd - I-80) - 106, , , CITRUS HEIGHTS - ANTELOPE ROAD - Phase 2 (I-80 - Auburn Blvd) CITRUS HEIGHTS - GREENBACK LANE (West City Limit to Fair Oaks Blvd) - 2,225, CITRUS HEIGHTS - SUNRISE BOULEVARD - Phase 1 (Oak Ave - Antelope Rd) ,614,000 2,486, , CITRUS HEIGHTS - SUNRISE BOULEVARD - Phase 2 (Greenback Lane Oak Ave) CITRUS HEIGHTS - SUNRISE BOULEVARD - Phase 3 (Antelope Rd City Limit) TOTAL CITRUS HEIGHTS - 106,000 2,727, ,094,000 2,486, , ELK GROVE - Grantline Rd. /SR99 Interchange Upgrade - 37,229, ELK GROVE - Sheldon Rd. / SR99 INTERCHANGE UPGRADE - 8,291, ELK GROVE - BRADSHAW ROAD - (Grantline Road - Calvine Road) ELK GROVE - SHELDON ROAD. (Bruceville Rd - Bradshaw Rd) ELK GROVE - ELK GROVE-FLORIN ROAD (Calvine Rd - Elk Grove Blvd) ELK GROVE - ELK GROVE BOULEVARD (Big Horn Blvd - Waterman Rd) TOTAL ELK GROVE - 45,520, FOLSOM - Folsom Bridge Crossing - 22,279,000 15,298, k OMA TOTAL FOLSOM - 22,279,000 15,298, GALT - Central Galt Interchange ,000-6,161,000 3,805, TOTAL GALT ,000-6,161,000 3,805, REGIONAL TRANSIT - Downtown Natomas Airport LRT Extension (SVS - Richards Blvd) ,000 1,572,000 10,857,000 24,871, REGIONAL TRANSIT - South Sacramento LRT Corridor - Phase 2 (Meadowview - CRC) ,000 8,741,000 3,890,000 9,077,000 3,462, REGIONAL TRANSIT REGIONAL TRANSIT - Regional Rail m SLPP REGIONAL TRANSIT - 'Northeast Corridor (NEC) , TOTAL REGIONAL TRANSIT ,000 10,313,000 14,747,000 33,948,000 3,462, CSCA - I-5 / SR 99 / US 50 CONNECTOR - - 1,848,000-2,558,000 2,558, , , ,000 1,000,000 1,000,000 CSCA - Corridor Environmental Mitigation & Open Space Preservation 1,550,000 1,550, ,000 TOTAL CSCA - - 1,848,000-2,558,000 2,558,000 1,750,000 1,750,000-1,415,000 1,000,000 1,000,000 RESTORE "LOANED" FUNDS 10,000,000 TOTAL MEASURE A ALLOCATIONS - 84,137,743 59,783,000 20,746,000 51,941,000 84,650,000 27,503,000 9,311,000 7,214,000 29,903,000 41,905,000 23,438,000 ANNUAL MEASURE A CIP CAPACITY 128,129,000 8,424,000 27,815,000 9,231,000 7,181,000 31,305,000 8,150,000 9,804,000 Net Measure A Capital Funds (38,000) 312,000 (80,000) (33,000) 1,402,000 (33,755,000) (13,634,000) +700k SLPP

11 Measure A Capital Allocation Plan WORKSHEET Updated: Measure A Allocation by Project SAC CO. - ANTELOPE ROAD (Watt Ave Roseville Rd) SAC CO. - ARDEN WAY ITS IMPROVEMENTS (Ethan Way Fair Oaks Blvd) Phase 2 SAC CO. - BRADSHAW ROAD - Phase 1 (Calvine Rd Florin Rd) SAC CO. - BRADSHAW ROAD - Phase 2 (Calvine Road Old Placerville Road) SAC CO. - FOLSOM BOULEVARD (Watt Ave Bradshaw Rd) SAC CO. - GREENBACK LANE (Fair Oaks Blvd Main Ave) Phase 1 SAC CO. - GREENBACK LANE (Fair Oaks Blvd Main Ave) Phase 2 SAC CO. - GREENBACK LANE (I-80 Manzanita Ave) SAC CO. - HAZEL AVENUE - Phase 1 (US 50 Curragh Downs) SAC CO. - HAZEL AVENUE - Phase 2 (Curragh Downs - Placer Co. Line) SAC CO. - HAZEL AVENUE - (US Highway 50 Folsom Blvd) SAC CO. - MADISON AVENUE - Phase 1 (Sunrise Blvd Hazel Ave) SAC CO. - MADISON AVENUE - Phase 2 (Hazel Ave Greenback Lane) SAC CO. - MADISON AVENUE - Phase 3 (Watt Ave Sunrise Blvd) SAC CO. - SOUTH WATT/ELK GROVE-FLORIN ROAD - Phase 1 (Kiefer Blvd Jackson Rd) SAC CO. - SOUTH WATT / ELK GROVE-FLORIN ROAD - Phase 2 (Jackson Rd Florin Rd) SAC CO. - SUNRISE BOULEVARD (Jackson Rd Grant Line Rd) SAC CO. - SUNRISE BOULEVARD (Madison Ave Gold Country Blvd) SAC CO. - WATT AVENUE (Antelope Rd Capital City Freeway) SAC CO. - WATT AVENUE / SR50 INTERCHANGE UPGRADE TOTAL SAC CO. CALTRANS - 5/50 Interchange Improvements CALTRANS - 5/80 Interchange Upgrade, HOV Connector, and Int 5 HOV Lanes CALTRANS - Oak Park (SR99/50) Interchange Improvements CALTRANS - I-5 Bus/Carpool Lanes CALTRANS - I-80 Bus/Carpool Lanes CALTRANS - Highway 50 Bus/Carpool Lanes TOTAL CALTRANS CITY OF SAC. - Arden Way ITS Improvements (Del Paso Ethan) CITY OF SAC. - Bruceville Road Widening: Sheldon Road to Cosumnes River Blvd. CITY OF SAC. - COSUMNES RIVER BOULEVARD (I-5 Franklin Blvd.) REIMBURSEMENT CITY OF SAC. - COSUMNES RIVER BOULEVARD/I-5 INTERCHANGE UPGRADE REIMBURSEMEN CITY OF SAC. - FOLSOM BOULEVARD (65th St. Watt Ave.) CITY OF SAC. - RICHARDS BOULEVARD / INTERSTATE 5 Interchange Improvements CITY OF SAC. - DOWNTOWN INTERMODAL STATION TOTAL CITY OF SAC. RANCHO CORDOVA - FOLSOM BOULEVARD Streetscape Phase 1 (Bradshaw to Sunrise) RANCHO CORDOVA - FOLSOM BOULEVARD Streetscape Phase 2 (Bradshaw to Sunrise) RANCHO CORDOVA - SUNRISE BOULEVARD (Gold Country Road-Jackson Rd)** TOTAL RANCHO CORDOVA CITRUS HEIGHTS - ANTELOPE ROAD - Phase 1 (Roseville Rd - I-80) CITRUS HEIGHTS - ANTELOPE ROAD - Phase 2 (I-80 - Auburn Blvd) CITRUS HEIGHTS - GREENBACK LANE (West City Limit to Fair Oaks Blvd) CITRUS HEIGHTS - SUNRISE BOULEVARD - Phase 1 (Oak Ave - Antelope Rd) CITRUS HEIGHTS - SUNRISE BOULEVARD - Phase 2 (Greenback Lane Oak Ave) CITRUS HEIGHTS - SUNRISE BOULEVARD - Phase 3 (Antelope Rd City Limit) TOTAL CITRUS HEIGHTS ELK GROVE - Grantline Rd. /SR99 Interchange Upgrade ELK GROVE - Sheldon Rd. / SR99 INTERCHANGE UPGRADE ELK GROVE - BRADSHAW ROAD - (Grantline Road - Calvine Road) ELK GROVE - SHELDON ROAD. (Bruceville Rd - Bradshaw Rd) ELK GROVE - ELK GROVE-FLORIN ROAD (Calvine Rd - Elk Grove Blvd) ELK GROVE - ELK GROVE BOULEVARD (Big Horn Blvd - Waterman Rd) TOTAL ELK GROVE FOLSOM - Folsom Bridge Crossing TOTAL FOLSOM GALT - Central Galt Interchange TOTAL GALT REGIONAL TRANSIT - Downtown Natomas Airport LRT Extension (SVS - Richards Blvd) REGIONAL TRANSIT - South Sacramento LRT Corridor - Phase 2 (Meadowview - CRC) REGIONAL TRANSIT REGIONAL TRANSIT - Regional Rail REGIONAL TRANSIT - 'Northeast Corridor (NEC) TOTAL REGIONAL TRANSIT CSCA - I-5 / SR 99 / US 50 CONNECTOR CSCA - Corridor Environmental Mitigation & Open Space Preservation TOTAL CSCA 861,000 1,773, ,000 1,565, ,353,000 5,061,000 13,158,000 16,487,000 16,982,000 11,723, ,000 2,026,000 2,898,000 4,418, , m -SLPP ,000 1,230,000 4,054, , , ,000 1,426,000 2,056, ,230,000 1,773,000 5,219,000 10,617,000 9,136,000 6,844, ,707, ,000 1,120,000 3,279, , , ,000 1,722,000 2,280,000 2,349, k SLPP 7,743,000 7,563, m - SLPP - 385, ,000 1,664, m SLPP m SLPP - - 4,117,000 7,379,000 2,154, ,191,000 10,456,000 7,396,000 7,548,000 4,440,000 5,957,000 10,568,000 24,647,000 29,941,000 28,882,000 20,975,000 3,873,000 5,718, ,000,000 1,082, , m SLPP ,716,000 13,358,000 13,358,000 10,702,000 10,702,000 10,702, ,716,000 13,358,000 13,358,000 10,702,000 10,702,000 15,702,000 1,082, , m ,238,000 2,305,000 2,375,000 2,446,000 2,519,000 2,595, ,568,000 1,615,000 1,664,000 1,714,000 1,765,000 2,595, m - SLPP ,786,000-2,446,000 2,446,000-4,893, m - OMA ,690,000 11,000,000 2,344, ,496,000 24,706,000 6,383,000 6,606,000 6,730,000 5,190,000 4,893, m SLPP +700k SLPP - 798,000-7,650, ,000 1,384,000 2,421, ,000 1,223,000-3,156, ,298,000 1,384,000 10,071, ,000 1,223,000-3,156, ,330,000 1,330,000 1,330, ,330,000 1,330,000 1,330, k OMA m - SLPP ,000,000 3,940,000 3,940,000 3,940,000 3,940,000 3,940, ,945,000 7,945, ,750,000 1,500,000 1,500,000 1,675,000 1,000,000 3,940,000 3,940,000 3,940,000 5,690,000 3,940,000 1,500,000 1,500,000 1,675, ,945,000 7,945,000 RESTORE "LOANED" FUNDS TOTAL MEASURE A ALLOCATIONS ANNUAL MEASURE A CIP CAPACITY Net Measure A Capital Funds 22,687,000 40,400,000 19,103,000 28,165,000 16,860,000 43,133,000 32,272,000 42,058,000 42,318,000 42,740,000 36,677,000 12,900,000 14,315,000 24,447,000 42,806,000 10,933,000 11,087,000 13,385,000 15,845,000 18,472,000 21,307,000 24,336,000 27,589,000 31,073,000 23,067,000 26,119,000 1,760,000 2,406,000 (8,170,000) (17,078,000) (3,475,000) (27,288,000) (13,800,000) (20,751,000) (17,982,000) (15,151,000) (5,604,000) 10,167,000 11,804,000

12 Measure A Capital Allocation Plan WORKSHEET Updated: Measure A Allocation by Project TOTAL SAC CO. - ANTELOPE ROAD (Watt Ave Roseville Rd) SAC CO. - ARDEN WAY ITS IMPROVEMENTS (Ethan Way Fair Oaks Blvd) Phase 2 SAC CO. - BRADSHAW ROAD - Phase 1 (Calvine Rd Florin Rd) SAC CO. - BRADSHAW ROAD - Phase 2 (Calvine Road Old Placerville Road) SAC CO. - FOLSOM BOULEVARD (Watt Ave Bradshaw Rd) SAC CO. - GREENBACK LANE (Fair Oaks Blvd Main Ave) Phase 1 SAC CO. - GREENBACK LANE (Fair Oaks Blvd Main Ave) Phase 2 SAC CO. - GREENBACK LANE (I-80 Manzanita Ave) SAC CO. - HAZEL AVENUE - Phase 1 (US 50 Curragh Downs) SAC CO. - HAZEL AVENUE - Phase 2 (Curragh Downs - Placer Co. Line) SAC CO. - HAZEL AVENUE - (US Highway 50 Folsom Blvd) SAC CO. - MADISON AVENUE - Phase 1 (Sunrise Blvd Hazel Ave) SAC CO. - MADISON AVENUE - Phase 2 (Hazel Ave Greenback Lane) SAC CO. - MADISON AVENUE - Phase 3 (Watt Ave Sunrise Blvd) SAC CO. - SOUTH WATT/ELK GROVE-FLORIN ROAD - Phase 1 (Kiefer Blvd Jackson Rd) SAC CO. - SOUTH WATT / ELK GROVE-FLORIN ROAD - Phase 2 (Jackson Rd Florin Rd) SAC CO. - SUNRISE BOULEVARD (Jackson Rd Grant Line Rd) SAC CO. - SUNRISE BOULEVARD (Madison Ave Gold Country Blvd) SAC CO. - WATT AVENUE (Antelope Rd Capital City Freeway) SAC CO. - WATT AVENUE / SR50 INTERCHANGE UPGRADE TOTAL SAC CO. CALTRANS - 5/50 Interchange Improvements CALTRANS - 5/80 Interchange Upgrade, HOV Connector, and Int 5 HOV Lanes CALTRANS - Oak Park (SR99/50) Interchange Improvements CALTRANS - I-5 Bus/Carpool Lanes CALTRANS - I-80 Bus/Carpool Lanes CALTRANS - Highway 50 Bus/Carpool Lanes TOTAL CALTRANS ,108, ,734, ,525, ,764,000 1,091,000 4,814,000 7,768, ,673, ,912,000 2,218, m -SLPP - 8,099, ,242, ,282, ,819, ,026, ,352, ,097, k SLPP - 450,000 1,319, ,000 4,008,000 10,750,000 3,209, ,397, ,056, ,913,000 4,285,000 15,917,000 18,737,000 19,113,000 13,185,000 74,150, ,589,000 3,739,000 1,284, m - SLPP 7,659, m SLPP ,650, ,926,000 7,048,000 6,548,000 9,087,000 3,574,000 8,293,000 26,667,000 21,946,000 19,113,000 13,185, ,060,000 1,230,000 2,000,000 1,267,000 1,344,000 2,768,000 2,852,000-30,252,000 33,287,000 75,000,000-25,606,000 36,804,000 29,356, ,000,000 1,500,000 2,000,000 2,000, ,000 3,171, m 3,116,000 SLPP 3,209,000 33,057,000 26,447,000 75,000,000-17,512,000 17,512,000 17,512,000 15,740,000 15,740,000 15,740, ,479, , ,089,000 2,730,000 47,118,000 57,583,000 48,712,000 21,679,000 21,708,000 18,949,000 63,309,000 59,734, ,308, m SLPP CITY OF SAC. - Arden Way ITS Improvements (Del Paso Ethan) CITY OF SAC. - Bruceville Road Widening: Sheldon Road to Cosumnes River Blvd. CITY OF SAC. - COSUMNES RIVER BOULEVARD (I-5 Franklin Blvd.) REIMBURSEMENT CITY OF SAC. - COSUMNES RIVER BOULEVARD/I-5 INTERCHANGE UPGRADE REIMBURSEMEN CITY OF SAC. - FOLSOM BOULEVARD (65th St. Watt Ave.) CITY OF SAC. - RICHARDS BOULEVARD / INTERSTATE 5 Interchange Improvements CITY OF SAC. - DOWNTOWN INTERMODAL STATION TOTAL CITY OF SAC. RANCHO CORDOVA - FOLSOM BOULEVARD Streetscape Phase 1 (Bradshaw to Sunrise) RANCHO CORDOVA - FOLSOM BOULEVARD Streetscape Phase 2 (Bradshaw to Sunrise) RANCHO CORDOVA - SUNRISE BOULEVARD (Gold Country Road-Jackson Rd)** TOTAL RANCHO CORDOVA CITRUS HEIGHTS - ANTELOPE ROAD - Phase 1 (Roseville Rd - I-80) CITRUS HEIGHTS - ANTELOPE ROAD - Phase 2 (I-80 - Auburn Blvd) CITRUS HEIGHTS - GREENBACK LANE (West City Limit to Fair Oaks Blvd) CITRUS HEIGHTS - SUNRISE BOULEVARD - Phase 1 (Oak Ave - Antelope Rd) CITRUS HEIGHTS - SUNRISE BOULEVARD - Phase 2 (Greenback Lane Oak Ave) CITRUS HEIGHTS - SUNRISE BOULEVARD - Phase 3 (Antelope Rd City Limit) TOTAL CITRUS HEIGHTS ELK GROVE - Grantline Rd. /SR99 Interchange Upgrade ELK GROVE - Sheldon Rd. / SR99 INTERCHANGE UPGRADE ELK GROVE - BRADSHAW ROAD - (Grantline Road - Calvine Road) ELK GROVE - SHELDON ROAD. (Bruceville Rd - Bradshaw Rd) ELK GROVE - ELK GROVE-FLORIN ROAD (Calvine Rd - Elk Grove Blvd) ELK GROVE - ELK GROVE BOULEVARD (Big Horn Blvd - Waterman Rd) TOTAL ELK GROVE FOLSOM - Folsom Bridge Crossing TOTAL FOLSOM GALT - Central Galt Interchange TOTAL GALT REGIONAL TRANSIT - Downtown Natomas Airport LRT Extension (SVS - Richards Blvd) REGIONAL TRANSIT - South Sacramento LRT Corridor - Phase 2 (Meadowview - CRC) REGIONAL TRANSIT REGIONAL TRANSIT - Regional Rail REGIONAL TRANSIT - 'Northeast Corridor (NEC) TOTAL REGIONAL TRANSIT CSCA - I-5 / SR 99 / US 50 CONNECTOR CSCA - Corridor Environmental Mitigation & Open Space Preservation TOTAL CSCA RESTORE "LOANED" FUNDS TOTAL MEASURE A ALLOCATIONS ANNUAL MEASURE A CIP CAPACITY Net Measure A Capital Funds ,776, m - SLPP - 16,752, ,571, m - OMA ,979, ,940, ,018, m SLPP m , ,687, ,767, ,890, ,088, ,448, ,225, ,528, ,305, ,002, ,596, ,229, ,291, ,187, ,187, ,893,000 9,630,000 11,523, ,625, ,625, ,990, ,812,000 1,893,000 9,630,000 72,845, ,577, k OMA ,577, ,466, ,466, ,311, ,265, m - 31,798,000 SLPP ,798, , ,798, ,621,000 7,945, ,000,000 16,550,000 25,286, ,675,000 7,945, ,000,000 16,550,000 25,286, ,675,000 17,723,000 53,666,000 66,670,000 52,286,000 29,972,000 48,375,000 92,505, ,865, ,835,000 1,404,056,743 30,650,000 35,456,000 40,686,000 46,252,000 52,297,000 58,758,000 65,784,000 73,313,000 81,496,000 1,005,197,000 12,927,000 (18,210,000) (25,984,000) (6,034,000) 22,325,000 10,383,000 (26,721,000) (27,552,000) (26,339,000) (398,859,743) +700k SLPP