City Council Study Session Agenda and Packet 2018 01 09

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SUBJECT: DATE: TRANSPORTATION FUNDING UPDATE JANUARY 9, 2018 PAGE 3 OF 5 staff support and staff/technical team assistance. The communities are currently developing an IGA which will come to Council for approval once finalized. Mayors and Commissioners Coalition (MCC) Project List: In conjunction with the MCC and Commuting Solutions Business Initiative effort, the MCC has been developing a regional project list that reflects our regional needs for transportation and transit improvements in the northwest corridor. The draft list (Attachment 2) is not final and has not been formally approved by the MCC, but is rather a working document that helps reflect our region's need, which can be compared to the anticipated funding and investments in the near future. The list is the region's first attempt to illustrate in a comprehensive manner the high level of need within our region. The list may or may not be used as a starting point for discussions around TIP Regional and Subregional funding, as well as in discussions regarding statewide or regional funding sources. The draft list includes projects that were identified in the Northwest Area Mobility Study (NAMS) and reflect the key corridors for transportation and transit within our region, including Northwest Rail Peak Hour Service, which is currently under exploration by RTD and the regional partners. It also includes other key corridors and regional transit plans beyond NAMS. In addition, the local government partners have included regional roadway reconstruction, major intersection improvements, bike/ped improvements and regional trails, and transit and shuttles. Staff welcome input from Council on the draft list, including suggested changes or additions. SB17-267 Funding and State Ballot Measure: During the 2017 Legislative Session, the Colorado General Assembly approved SB17- 267, authorizing lease -purchase agreements on state facilities totaling $2 billion over four years, of which CDOT receives $1.8 billion of those proceeds. At least 10% of CDOT's proceeds will be dedicated to transit projects, funding must be used on Tier 1 projects that come from the CDOT 10 -year development plan and are on state highways (not local projects), and 25% of the projects must be spent in rural areas (counties with populations 50,000 or less). A few months after the Legislative Session concluded, the Denver Metro Chamber of Commerce announced that they would seek a statewide ballot measure to generate funding for transportation improvements across the state. Since that time other transportation advocates have been discussing similar ballot proposals. The Denver Chamber of Commerce is currently conducting polling and stakeholder groups to determine the public interest in such a measure, and the details of any potential ballot initiative. CITY COUNCIL COMMUNICATION 4