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$19 billion. Troy added that they are seeking cities' support and possibly <br />have them join their authority. Agency's dues, if it's a member of the <br />authority, are based on population and the miles of rail. Santa Ana's <br />share would be $52,000. Private partners will be the contributors of the <br />project. Agencies will have to provide the right-of-way and approvals. <br />The Committee expressed interest on this transportation system. <br />Information on the Orange Line Maglev will be taken to City Council for <br />consideration. <br />4. UPDATE ON QUIET ZONE <br />Dave Biondolillo provided cost summary handouts on the OCTA Grade <br />Crossing Safety Enhancement Program. The cost for Tier 1 will be <br />approximately $7.5 million. Funding provided by OCTA is 88% and the <br />City will pay 12%. OCTA has proposed that the ratios would be the same <br />for the Quiet Zone improvements. He added that OCTA wants the City to <br />pay an annual maintenance fee for each railroad crossings of $5,000- <br />10,000. Staff will seek Renewed Measure M funding to pay 100% of the <br />Quiet Zone improvement costs and request that OCTA pay the annual <br />maintenance fee for each crossings. <br />5. LOCAL STREET STRATEGY UPDATE <br />George Alvarez informed the Committee that staff conducted interviews <br />for Underwriter Services. A recommendation for the financing team will be <br />made to City Council on Monday, July 16, 2007. Interviews were <br />conducted with De La Rosa Company and Lehman Brothers. If approved, <br />City bond proceeds should be received in November or December 2007. <br />6. TRANSIT UPDATE <br />Jim Ross went over the Initial Project Concepts of the Go Local Program. <br />The concepts are as follows: <br />• Connect the Civic Center/Downtown to the SARTC by Modern <br />Streetcars or People Movers, with future expansion to the Main <br />Place/City Place and Metro East; <br />• Capitalize on the availability of the PE Right-of--way; and <br />• Create a major regional transportation hub and transit village. <br />7. PUBLIC COMMENTS ON NON-AGENDA ITEMS -None <br />8. COMMITTEE MEMBER COMMENTS -None <br />TRANSPORTATION COUNCIL COMMITTEE MINUTES <br />JULY 10, 2007 <br />2 <br />