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OC Streetcar Project Revised Capital Funding Plan <br />Page 4 <br />The Capital Funding Plan, which provides funding information for OCTA -funded <br />commuter rail capital projects and also highlights the recommended changes <br />included in this item is provided as Attachment A. A resolution that would <br />authorize OCTA to accept the TIRCP grant is provided as Attachment B. <br />Next Steps <br />The project team will continue to prepare the annual New Starts application <br />update and submit the application to FTA by September 2, 2016. Additionally, <br />the project team will continue to develop the application to enter engineering, <br />and, upon resolution of FTA comments, will submit a letter formally requesting <br />entry into engineering. This request is anticipated to be made in fall 2016 <br />following FTA's acceptance of the New Starts application annual update <br />submittal. <br />Summary <br />A revised funding plan for the OC Streetcar Project that reflects the award of <br />$25.52 million in TIRCP funding is presented. Staff is seeking Board approval <br />OC Streetcar Project will use a total of $240.76 million in state and federal <br />funding to support approximately 80.8 percent of the overall project cost matched <br />with 19.2 percent in Measure M2 funds. <br />Attachments <br />A. Capital Funding Program Report <br />B. Resolution No. 2016-070 - Orange County Transportation Authority <br />2016 Transit and Intercity Rail Capital Grant Program Authorization <br />Prepared by: <br />r <br />str <br />Adriann Cardoso <br />Capital Programming Manager <br />(714)560-5915 <br />pqpljiwo <br />Approved by: <br />Kia Mortazavi <br />Executive Director, Planning <br />(714) 560-5741 <br />