TRANSPORTATION CORRIDORY AGENCY - PUBLIC HEARING NOTICE - EST 1986

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B. FOOTHILL /EASTERN TRANSPORTATION CORRIDORS (F /ETC) The cost for constructing the Foothill/Eastern Transportation Corridors was estimated from information obtained from the Weir Canyon Park Road Study dated October, 1982, the Foothill Transportation Corridor Route Location Study dated December, 1982, and projection of costs from the San Joaquin Hills Transportation Corridor. Unit prices used in the cost estimates are considered to adequately estimate the cost in 1984 dollars. The estimated costs are as follows: W TABLE IV -2 In order to qualify for state and federal funding, the corridor routes must be incorporated into the state highway system and placed in one of the federal aid systems. State Route 73 (Corona Del Mar Freeway) has been legislatively redescribed to correspond with the route of San Joaquin Hills Transportation Corridor. It is intended that at an. appropriate time similar legislation will ultimately be introduced to place the Foothill/Eastern Corridors in the state highway system. This Major Thoroughfare s Bridge Fee report focuses only on the portion of the corridor implementation costs which may be attributable to new growth and for which development fees are proposed. -7- FOOTHILL /EASTERN TRANSPORTATION CORRIDORS COST Foothill Eastern Total Construction: $233,557,000 $143,526,000 $377,083,000 -x Eng. s Admin.: 35,033,000 21,528,500 56,561,500 Contingencies: 35,033,000 21,528,500 56,561,500 Right Of Way (in excess of Major Art. Hwy.): 14,151,000 11,790,000 25,941,000 r Total (for purposes of Fee Program): $317,774,000 $198,373,000 $516,147,000 ... V. OVERALL FINANCING The Board of Supervisors has established a transportation corridor development policy (Exhibit II) which defines the corridor implementation obligations of land development projects, and as noted in Section I of this report has indicated its general intent to require all new w development to bear a portion of the cost of the corridors by payment of development fees (Major Thoroughfare Fee). Funds from other more traditional sources (e.g., existing state and federal taxes on motor vehicle fuel) will be sought for the portion of the cost not funded by development fees. These other funds would be allocated through processes Involving the California Transportation Commission and the Orange County .- Transportation Commission (OCTC). In order to qualify for state and federal funding, the corridor routes must be incorporated into the state highway system and placed in one of the federal aid systems. State Route 73 (Corona Del Mar Freeway) has been legislatively redescribed to correspond with the route of San Joaquin Hills Transportation Corridor. It is intended that at an. appropriate time similar legislation will ultimately be introduced to place the Foothill/Eastern Corridors in the state highway system. This Major Thoroughfare s Bridge Fee report focuses only on the portion of the corridor implementation costs which may be attributable to new growth and for which development fees are proposed. -7-