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City Council Meeting Minutes February 20, 2018 Page 14 of 16 RESOLUTION NO. 14, SERIES 2018 — A RESOLUTION APPROVING A TRANSPORTATION IMPROVEMENT PROGRAM FORUM AGREEMENT WITH BOULDER COUNTY AND MUNICIPALITIES WITHIN BOULDER COUNTY Director Davis stated the Denver Regional Council of Governments (DRCOG) is considering nine legislative bills related to a variety of areas. She noted SB18-001 transportation infrastructure bill incorporates a ballot issue and rolls back last year's hospital provider fee bill. Council took a positon on this on their legislative agenda stating the City supports one or more new State funding resources for transportation that are not reliant on the State General Fund. SB -001 does include a general fund component and bonding general fund into the future so is likely a concern for the City Additionally, there are issues with the amount of money going to multi -modal transportation as well as directly to locals This bill has passed out of the Transportation Committee and is now in the Finance Committee. Councilmember Stolzmann stated DRCOG is currently monitoring this bill. Davis mentioned SB -007 Affordable Housing Tax Credit Bill. The City has taken a position in our own legislative agenda to support creation and financing of statewide affordable housing mechanisms to bolster regional and local affordable housing. DRCOG is recommending support for this bill. It extends the affordable housing tax credit to 2024. This is a critical tool for developers in making affordable housing projects viable. Councilmember Stolzmann noted she tries to compare the City's legislative agenda to any topics brought up at DRCOG and bring back to Council items of particular interest Mayor Muckle stated these bills are consistent with our legislative policy and these positions are appropriate. Davis stated Resolution 14 is approving a transportation improvement program forum agreement with Boulder County and municipalities within Boulder County. This is a new mechanism for distributing Federal Transportation Improvement Program (TIP) funding. This will be an 80% for sub -regional projects and 20% for regional projects This will require forming a sub -regional forum to serve as the body to review recommended projects to be advanced to DRCOG for regional federal funding and sub -regional projects to be advanced to DRCOG. The sub -regional pool coming to Boulder County is estimated at $18.4 million with the regional pool being estimated at $46 million. The IGA establishes the agreements around the framework for this process and forum. Staff recommends approval of the Resolution and the IGA.