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HomeMy WebLinkAboutStaff Report 147-06TO: C ty Manager’s Rep 1 HONOtL~BLE CITY COUNCIL FROM: DATE: SUBJECT: CITY MANAGER DEPARTMENT: PLANNING AND COMMU2N’ITY ENVIRONMENT FEBRUARY 13, 2006 CMR:147:06 AUTHORIZATION FOR THE MAYOR TO SIGN A LETTER TO SANTA CLARA VALLEY TI~NSPORTATION AUTHORITY (VTA) RE POSITION ON PROPOSED QUARTER CENT SALES TA~X BALLOT MEASURE RECOMMENDATION Staff recommends that the City Council: 1. Endorse the position taken by Vice Mayor Kishimoto at the Santa Clara Valley Transportation Authority (VTA) Policy Advisory Committee (PAC) meeting to "endorse and recommend the Sales Tax Scenario to the VTA Board for approval with further direction that the Board move BART back to 2018 so that other projects can move forward in the next ten years including the Bus Rapid Transit (BRT) to Surmyvale/Cupertino and the Palo Alto Transit Center and that the Board seriously review the Caltrain East Metro ali~tment for the BART project." 2.Authorize the Mayor to send a letter to the VTA Board of Directors summarizing the Council’s action on the above recommendation. BACKGROUND The City Council has considered the VTA’s long term capital expenditure plans for comprehensive transportation improvements and the viability of various sales tax measures on several occasions during the past two ?:ears. In each case, the Council expressed serious concerns about the financial viabilky of the long term capital program, the lack of regional equity and questionable cost-effectiveness. Most recently, in March 2005, the Council reviewed the VTA 30-year Long-Term Capital Investment Program and ½ cent sales tax measure and unanimously voted to oppose the proposed new ½ cent County- sales tax intended to fund the proposed Valley Transportation Authority Long-Term Capital Investment Program The Council further recormnended that the Capital Investment Plan accelerate commencement of the Palo Alto Intermodal Transit Center Measure A funding from 2030 to 2015, remove the BART Extension Project from the proposed program until a cost effective, feasible, and financially sustainable alternative is developed and only then consider a suitable sales tax measure to f~md the prouam. CMR: !47:06 Page 1 of 3 DISCUSSION During the past two years, the VTA Board has considered several options for a revenue and expenditure plan for the implementation of the Measure A projects and other prioriD, transportation projects in the county. Previously, both ¼ cen~ and ½ cent sales tax measures had been considered, but no consensus had been reached to support them. In September 2005, the VTA Board reviewed three new proposed ¼ cent sales tax scenarios and endorsed a sales tax measure that would sunset in 30 years. The new sales tax would support Measure A projects as well as a number of new projects and programs, including funding for pavement maintenance and a people mover to the NO,Than Mineta Airport. The measure was expected to go before the Santa Clara County voters in No~;ember 2006. The plan has undergone additional revisions since September in response to concerns raised by representatives of north county cities and other constituencies about the list of projects and schedule for implementation. The Modified VTA Scenario (Attachment A) was presented to the Board on December 1. 2005. This plan has been reviewed by the VTA Advisory committees and the VTA Board is scheduled ~o take action on the proposal on March 2. The current proposal includes a total of 25 projects, including the compte~ion of the BART extension to San Jose by 2016, people mover to the San Jose airport by 2018, initial phase of Cattrain electrification by 2018, completion of the Dumbarton Rail by 2011, and completion of ~he Palo Alto Intemaodal Transit Center project in 2025. The modified VTA ¼-cent sales tax scenario was discussed by the VTA Policy Advisory Committee on January 12, 2006. (Excerpts from the minutes from this meeting are included as Attachment # B.) There was considerable debate aa~aong the commi~ee members. Ultima~ely, there was a majority in support of endorsing the measure. Counci! Member Kishimoto expressed reservations about the volatility of future revenues and the burden the BART extension project places on the counb~ for bonding costs, operating subsidies, and capital costs if the project is advanced to 20t6 as proposed. Therefore, she requested that the motion to endorse the VTA Scenario be amended to move the completion date of the BART extension back two years from 2016 to 2018 and use the excess revenues to fund additional projects in the next ten years, including the Pa!o Alto Intermodal Transit Center and the Bus Rapid Transit project in Surm?wale/Cupertino and that the Board seriously consider the Caltrain East metro alig-nment for the BART project. This motion was adopted by the PAC. The Board of Directors is scheduled to take action on this matter on March 2nd.Staff recommends that Council authorize the Mayor to info~Tn the Board of Council’s action. A separate sales tax measure is currently being considered by the Santa Clara County Board of Supervisors to fund count" services. Options include a ½ cent sales tax exclusively for county se~wices or a ½ cent sales tax for combined coun)- services and the VTA expenditure plan. As of this writing, a subcommittee of the Board has endorsed the ½ cent tax measure, but no firm decisions have been made on the content of the measure. The Board of Supervisors will consider the matter on February 28, the deadline for a decision if the t~x measure is to be placed on the June 2006 ballot. CMR: 147:06 Page 2 of 3 POLICY IMPLICATIONS This recommendation will amend Council’s previous stated policy with regard to the VTA sales tax measures and is consistent with Comprehensive Plan Policy T-5: support continue development and improvement of the University Avenue and California Avenue multi-modal stations; Policy T-7: support for a quiet, fast rail system that encircles the Bay, and for intra- county and transbay transit systems that link Palo Alto to the rest of Santa Clara County and adjoining counties; and Goal T-9: an Influential Role in Shaping and Implementing Regional Transportation Decisions. ENVIRONMENTAL ASSESSMENT This is not a project. No Palo Alto environmental review is needed for Council to take a policy position on the proposed new county, vide sales tax. ATTACHMENTS A. VTA memorandum on Recommended VTA Sales Tax Scenario B. Minutes of the VTA Policy Advisory Conm~ittee meeting of January 12, 2006 C. Draft Letter from Mayor Kleinberg to VTA Board Chairperson Cindy Chavez PREPARED BY: GA~kLLE LIKENS Acting Chief Transportation Official DEPARTMENT HEAD: EMSLIE Director of Planning and Community Enviromnent CITY MANAGER APPROVAL: EMILY Assistant City Manager CMR: 147:06 Page 3 of 3 ATTACHMENT A~S A N T A C L A ~ A Volley Transportation Authority B O.M~,_D MEMOR.~NDUM Date: Committee Meeting Date: Board Meeting Date: ACTION X DISCUSSION December 23, 2005 N/A February 2, 2006 ENFO TO: THROUGH: FROM: Santa Clara Valley Transportation Authority Board of Directors Michael T. Burns General Manager Jack J. Collins ,~.)----7. ~___~_ Chief Construction Officer SUBJECT:Recommended VTA Quarter Cent Sales Tax Scenario RECOMMENDATION: Adopt the VTA 2000 Measure A Transit Program with a Revenue and Expenditure Plan that assumes a new 30-year, quarter-cent sales tax supporting the construction and operation of the 2000 Measure A Projects and some new projects and programs. BACKGROUND: In considering the recommended new 30-year, quarter-cent sales tax, the Board will recall its adopted policy based upon the recommendation of the Ad Hoc Financial Stability Committee, and the Administration and Finance Committee. The VTA Financial Stability Strategy, presented by Ad-Hoc Committee co-chairs Don Gage and David Cortese, as approved on March 4, 2004, established (among others) the following as a Mid-Term to Long-Term Goal: Work in partnership with community leaders to identify the most viable new or expanded revenue source(s) for VTA. Continue public input and data gathering in parmership with community leaders and stakeholders to help define the revenue source(s) and timing most acceptable to the community. The Board of Directors has entertained a series of workshop meetings over the last two years considering options for an expenditure plan that will meet the financial needs of VTA and the 2000 Measure A program of projects. At the June 2, 2005, Board Meeting, staffreviewed four quarter-cent sales tax scenarios. Prior to the June 16th Board Meeting, Board Member Ron Gonzales outlined assumptions in a memorandum that resulted in direction to staff to develop 3331 Nor’~h First Slreel ¯ SQn Jose, CA 95134-1906 ¯ Administration 408.321.5555 ¯ Customer Service 408.321.2300 a Quarter-Cent Sales Tax Scenario based on those assumptions. Throughout the summer, the Board and community stakeholders provided input, and the North County City Group and the Silicon Valley Leadership Group (SVLG) both requested additional scenarios. The SVLG requested a run that better reflected its polling conducted in March 2005. The polling tested a new Pavement Management Program and increases to bus, rail and senior/disabled services. The Board, at its workshop meeting on September 16, 2005, reviewed three proposed Quarter-Cent Sales Tax Scenarios and concluded that VTA is ready to go forward with a Quarter-Cent sales tax that will sunset in 30 years. The Board further agreed that this quarter-cent sales tax should include a Pavement Management Program, a re-scheduling of the BART project for completion no later than 2018, completion of Dumbarton Rail by 2011, and flexibility in terms of capital balance amounts for the 2000 Measure A program. The VTA Scenario was originally scheduled for Board adoption at the November 3rd meeting. Based on comments from community interests and local jurisdictions, staff recognized the need for additional evaluation to allow for more analysis and open dialogue on this program of projects. Specifically, we evaluated potential ways to advance the airport people mover into the Initial Program by 2018, while keeping the Pavement Management Program in place. On December 1, 2005, VTA presented a Modified VTA Scenario to the Board of Directors that achieved the goa! of moving the airport people mover into the Initial Program. At that time, the City of San Jose also presented a series of recommended changes to the Modified VTA Scenario. The Board of Directors was concerned that the VTA staff and the City of San Jose recommendations had not been evaluated or reviewed through the committee process. As a result, the Board deferred action until February 2006, giving itself, the VTA Advisory Committees, and the County Board of Supervisors an opportunity to discuss and weig~h VTA’s modified plan and the recommendations submitted by the City of San Jose. DISCUSSION Annual Update to Sales Tax Forecast." As part of an annual process that started in 2002, the Center for Continuing Study of the California Economy (CCSCE) prepared updated projections of taxable sales for VTA, which staff has been reviewing since the December 1st Board meeting. The revised projections, which are independently derived, indicate an increase in projected sales tax revenues. These new projections are critical to the Board’s deliberations and appropriately, staff has prepared yet another scenario for the Board to consider. The immediate result of using the new sales tax data is that allMeasure A projects can be completed in the Initial Program, subject to a proposed quarter-cent sales tax passing in 2006. The fact that these annual updates show an upward cycle in Silicon Valley economic activity after a sustained downward cycle underscores the importance of an annua! review of the 2000 Measure A Revenue and Expenditure Plan, thereby allowing the Board to evaluate and revise priorities as conditions change. It also illustrates the dynamic nature of both the revenue and cost elements of the Expenditure Plan. An annual review" process has contributed to the Page 2 of 7 successful completion of projects in the 1996 Measure B Transportation Improvement Progam that, at one time, were not anticipated to be funded. To remain consistent with previous expenditure plans submitted for Board consideration, VTA has used the midpoint of CCSCE’s conservative and moderate levels of projections. The projections for the Recommended VTA Scenario include FY 2006 and FY 2007 adopted budgeted amounts for sales tax revenue, followed by annual gowth rates determined from CCSCE’s latest projections through 2015. Beyond 2015, VTA has continued to use a 4.8% annual gowth rate, which is consistent with VTA’s historical gowth, with adjustments for abnormally large increases and decreases. The projections of taxable sales are based on: Job ~owth Population ~owth Personal income ~owth Retail spending as a share of personal income Non-retail spending per job . The average annual ~owth rate for taxable sales in the current forecast has increased from an average annual growth rate of 4.8% to 5.8% between FY 2008 and FY 2015. The reason for the increase is due to several key factors. According to CCSCE: (a) commuting from outside the county has fallen, which increases the number of residents contributing to taxable sales within the counV; (b) average eamings per job continue to reflect increases; and (c) there is a slight increase in projections for the percentage of personal income that will be spent on taxable sales. The following tabIe illustrates the change in sales tax revenue ~owth rates using the midpoint of CCSCE’s previous 2004 projections (through 2010~) and CCSCE’s new 2005 projections (through 20151). Change in Midpoint Projected Growth Rates 200._...~4 2005 Chano~e 2008 4.9%5.7%0.8% 2009 5.0%5.7%0.7% 2010 5.0%5.8%0.8% 2011 4.8%5.8%1.0% 2012 4.8%5.8%1.0% 2013 4.8%5.9%1.1% 2014 4.8%5.9%1.1% 2015 4.8%6.0%1.2% 2016-2036~ 4.8%4.8%0% The updated forecast of sales tax revenues increases 2000 Measure A sales tax projections by $700 million over the life of the prog-ram. However, the updated projections also affect VTA’s ~ Beyond the end date of CCSCE’s projections (2010 in 2004 and 2015 in 2005), VTA utilized 4.8% as the annum growth rate, based on historical gro~vth, and adjusted for abnormally large increases and decreases. Page 3 of 7 existing half-cent sales tax, VTA’s Transportation Development Act (TDA) funds and the projections related to the proposed new quarter-cent sales tax. Taking into consideration these four sources of funds, there is an increase of over $ 2 billion, which has resulted in a significant change to the proposed expenditure plan. While these new projections are auspicious, it is important to note that the expenditure plan would have been revised downward if the new projections were below the previously assumed 2004 levels. SummaTy of the Projects and Timelines in the Recommended VTA Scenario." In using the new sales tax forecast from the CCSCE, many of the suggestions presented by the City of San Jose for the VTA Expenditure Plan on December l, 2005, can be accommodated. The following is a brief staff response to the seven recommendations presented by the City of San Jose. AcceIerate the construction schedule of BA_RT before 2018 but no sooner than 2015 by making it the first funding priority if and when: a) Me,asure A and/or revenues from any 2006 tax measure exceed projections; b) new revenue’sources are identified; or c) there are Measure A project cost savings. in the Recommended VTA Scenario, the BART to Silicon Valley project is assumed to be completed in December 2016, which is the current optimum schedule for final design and construction. 2. Move the people mover into the initial pro~am regardless of when it may be constructed. o In the Recommended VTA Scenario, the people mover is in the h~itial Prog-ram and is assumed to be completed by 2018 without City of San Jose assistance in financing. There is a signifcant amount of work that still needs to be done prior to afinal decision on the people mover technology and routing. This, too, will be considered during the annual reviews of the Expenditure Plan. After the public review processes have been completed, amend the expenditure plan to include the fully funded preferred transit mode for the Alum Rock-Santa Clara corridor in the initial program with a concurrent commitment to construct the project consistent with the construction schedule for BART. If Single Car Light Rail is selected as the preferred ~node and assuming a completion date of 2021, this project can now be accommodated in the Initial Prog-ram using the new revenue assumptions. Commit to complete the construction of the Capitol Light Rail to Eastridge project by 2012. Capitol Expressway Light Rail project to Eastridge can now be completed by December 2012 and Light Rail from Eastridge to Nieman by 2017. Page 4 of 7 Retain funding for the Caltrain electrification project and re-allocate funding to other Measure A projects throughout the region that are ready for construction --except BART - if San Francisco and San Mateo counties have not secured their shares by 20!6. Staff views this as a Board policy issue. However, with annual updates to the Revenue and Expenditure Plan, it appears unnecessary for the Board to adopt a 2016 deadline at this time. The Recommended VZ4 Scenario completes the initial phase of Caltrain fmproveme~zts/Electrification by 2018 and restores the 10% budget reduction contemplated in the previous scenario. The previously deferred Caltrain Electrification from Tamien to Gilro.v is also included in ~he ~nitial Program by 2018. 6.Support the VTA proposal for an annual review of the Expenditure Plan to ailow flexibility to strategically respond to chanNng circumstances, needs and priorities. This is consistent with staff’s recommendation. Develop a "reward policy" for local agencies tha~ use local and!or private development funds to implement regional transportation projects and thereby ganting priority for such agencies for other re~onal funding allocations. Staff is supportive of this idea in concept. It is recommended that VTA staff work with the Technical Advisory Committee to develop a policy for further consideration by the Board. A summary of the capital and operating pro~am elements of the Recommended VTA Scenario follows: A new 30-year, quarter-cent sales tax Maintains VTA’s operating reserves at 15% for 30 years All projects are included in the Initial Program and the ending balance is $ 537 million No deferred projects in the Completion Program Provides operating assistance at 18.457% on annual 2000 Measure A sales tax revenue to fund existing VTA bus, rail and paratransit service Estimates total net bond proceeds required for the program at $ 6.1 billion Completes BART by December 2016 Phases in BART revenue service and the purchase of BART vehicles in order to improve cash flow and funding requirements. This phased service would start with 15-minute peak headways from 2016 to 2025 at a 16% savings to the net operating subsidy. This operating plan is preliminary and will require the review of BART and may require adjustments for new ridership forecasts Provides for an initial car order of 119 BART vehicles, with a second procurement of 47 vehicles by 2030 when 6-minute peak headways would begin Includes $ 913 million ($ YOE or $ 450 million in $ 2005) in additional cost for BART vehicIes, parking impacts and escalation associated with the new ridership forecast for year 2030 Provides $ 2.7 billion in BA_RT to Silicon Valley operating subsidy through 2037 Completes Capitol Expressway Light Rail to Eastridge by December 2012 Page 5 of 7 Completes Capitol Expressway Light Rail to Nieman by 2021 Accommodates Single Car Light Rail on Santa Clara/Alum Rock by 2021, if that mode is eventually selected as the preferred alternative Completes the initial phase of Caltrain Improvements/Electrification by 2018 and restores the 10% budget reduction contemplated in the previous scenario Completes Caltrain Improvements/Electrification from Tamien to Gilroy by 2018 Provides for Caltrain Service Improvements in Santa Clara County Provides for South County Improvements, and 8.4 miles of doubte tracking by 2010 Completes Dumbarton Rail by 2011 Provides for ACE Upgrades between 2014 and 2025 Extends ii~t rail to Vasona Junction by June 2012 Initiates Bus Rapid Transit Projects on Line 22, Monterey Road and Stevens Creek Boulevard by 201 ! Initiates a Bus Rapid Transit Project in Sunnyvale/Cupertino by 2021 Completes the Mineta San Jose Airport People Mover as a direct connection from the Santa Clara BA_RT station to a central point in the Airport Terminal by 2018. City of San Jose financing is not required. However, the City will need to accommodate the future people mover connection in its current airport expansion plans Zero Emission Bus Program includes 80% federal funding and 20% VTA other funding Adds $ 717 million for a program of local streets, county expressways, and bicycle and pedestrian path improvement projects over 30 years Provides for Senior/Disabled Programs from 2008 to 2036 at an estimated cost of $ 98 million Provides for a gradual VTA service increase of 12.4 % by 2015, then gradual increases to 24% by 2020 for an estimated cost of $ 731 million over 30 years Estimates an annual operating deficit of $ 75 million in 2038, with Measure A expiring in 2036 and a potential 30-year, quarter-cent sales tax expiring in 2037. This scenario will require a renewal of a tax during the 2036 -2038 timeframe. The previous VTA scenario for the Measure A Capital Program is shown in Table 1 and is compared to the recommended scenario. A more detailed analysis of revenues and expenditures for the recommended 2000 Measure A Capital Investment Program is included in Attachment 1. A comparison of VTA’s Operating Budget in FY 2038 is shown in Table 2. Table 1. Comparison of VTA Scenarios for 2000 Measure A Capital Program R~venues Expenditures .... Initial ~rogram Ending Balan,ce, iCompletign’ Program Estimates Previous Scenario (Year of Expenditure $ in millions) $ 2016~S 20,564 $ 94 $ . 1,279 Recommendation (Year of Expenditure $ in millions) $22,051 21,5!3 $ 538 N/A Page 6 of 7 Table 2. Comparison of VTA Scenarios on VTA’s FY 2038 Operating Budget Fiscal Year 2038 ....... (S inMillions) Operating Revenues Operat!ng Expenses ......................... Surplus (Deficit) Beginning Reserve Ending Reserve Previous Scenario Recommendation $1,206 $1,285 1,355 1,360 ($ 149)75)($ S 352 $ 241 263 79 AL TE R~NATIVE S: The Board can modify the Recommended VTA Scenario or choose to take no action on this recommendation. FISCAL IMPACT: The Recommended VTA Scenario maintains Operating Reserves at the Board adopted policy of 15%. This scenario has a positive ending balance of $ 538 million subject to a new quarter-cent sales tax being passed in November 2006. If a new" sales tax is not placed on the November 2006 ballot, or if it were to fai! to pass by a supermajority of voters in Santa Clara County, it will be necessary to prepare a revised 2000 Measure A Revenue and Expenditure Plan that would have substantially less funding available for projects. ATTACI-LMENT 1: Recommended VTA Scenario-December 2005 in Year of Expenditure $ ATTACHMENT 2: Recommended VTA Scenario-December 2005 in 2003 $ ATTACHMENT 3: Revenue Sources ATTACHMENT 4: Recommended VTA Scenario-Detailed 30-Year Capital & Operating Spreadsheets Page 7 of 7 ~E O~ U O~0 Attachment # 3 - Revenue Sources Revenue Sources For Measure A Program I~State .... Federal New Starts Net Bond Proceeds [] Potential New 1/4 Cent Sales Tax [] Other VTA Revenue Sources 2000 Measure A 1/2-cent Sales Tax Other Project[]Partners "-[] Other Revenue Sources for Measure A Pro.qrarn 2000 Measure A 1/2-cent Sales Tax Federal New Stads State Net Bond Proceeds Potential New 1/4 Cent Sales Tax Allocated to Projects Other VTA Revenue Sources Other Project Partners Other 0,582,278 750,000 795,852 6,117,048 1,713,720 311,089 1,746,422 34,438 Total Revenues $22,050,847 Proiected Allocation of Potential New 1/4 Cent Sales Tax BART Subsidy $ Interest Expense/Cost of Issue - VTA Bonds For Measure A $ Operating Portion - 1/4 Cent Sales Tax Potential New Proiects Pavement Mangement, County Expressways, Bike/Ped Paths $ Increase Service From 12% to 24%$ Senior/Disabled Programs $ BRT: Sunnyvale/Cupertino $ Funding For Measure A Projects $ Measure A Portion - 1/4 Cent Sales "Fax 2,665,145 1,171,903 717,579 731,317 97,652 130,100 37,073 $ 3,837,048 $ 1,713,720 $ 5,550,769 o Recommended VTA Scenario ATTACHMENT B Excerpt from VTA Policy Advisory Committee meeting of January 12, 2006 Chairperson Glickman Gave a brief update on the VTA Scenario, and noted there is a great deal of active discussion about the source of revenue for those expenditures. He reminded PAC the task at hand is to assume the revenue is available ~hen considering this scenario. Mr. Lawson reported in 2000 Measure A was endorsed by the voters of Santa Clara County. It was an all transit measure with a ½ cent sales tax, building upon the success of prior measures. This measure was specifically presumed to address transportation issues and did not include highway expenditures. This measure achieved over 66.66 percent voter approval. Looking back on 2000 Measure A the major projects listed on the ballot initiative are: 1) BART, 2) Airport Comaector, 3) Vehicles for disabled and seniors, 4) Light Rail throughout the County, 5) Expansion and electrification of Caltrain, and 6) Increase Caltrain service. Noting the VTA Scenario document, Mr. Lawson reminded PAC of the severe economic downturn and the negative impact on VTA, noting sales tax revenue totals had dropped from $183.5. million in 2001 to $145 million in 2005 reflecting a loss of 21% in sales tax revenues. An Ad-Hoc Financial Stability was formed in partnership with community leaders to identi~, the most viable new or expanded revenue sources for VTA, and to meet the commitments of 2000 Measure A. The Committee ageed to work in partnership with the community leaders and stakeholders to help define the revenue sources and timing most acceptable to the community. The Expenditure Plan, now known as the VTA Scenario, was developed in VTA Board of Directors Workshops over the last two years. At the June 2, 2005 Board Meeting the Board of Directors reviewed four scenarios for consideration to raise the needed revenue to complete Measure A Projects. Additional scenarios were requested by the North Counties City Group, City of San Jose, and the Silicon Valley Leadership Group. VTA employed the independent firm of Center for the Continuing Study of the California Economy (CCSCE) to provide a neutral unbiased opinion of the sales tax ~owth over the next ten years, utilizing the midpoint between conservative and moderate in their estimates. The sole adjustments occur in 2008 through 2015, a window of eight years out of the 30-year run. The cm-rent years are projected at the budgeted amounts because of the slight increases was done to these projections impacts three different sources of revenue. Those sources of revenue are: 1) The existing VTA ½ cent sales tax, 2) The !A cent Transportation Demand Act monies, and 3) The 2000 Measure A ½ cent sales tax that will begin distribution April 1, 2006 as well as the potential ~A sales tax that is proposed. The net result at the conclusion of the 30 years is a $2 billion increase. Jack Collins, Chief Construction Officer, presented an overview of the VTA Scenario. Mr. Collins noted the Scenario presented to the Pac December 8, 2005 represented a financially restrained plan with projects divided into Initial and Completion Procures. He noted $1.3 million of projects relnained in the Completion Pro~am without revenue sources to fund. With the new projections all projects in the Initial Pro~am and the Completion Pro~am will be constructed and completed. There is no longer a need for a PAC Minutes Page 5 of 17 January 12, 2006 Completion Program. The ending balance of the last proposal for the Initial Progam previously rest at $94 million. The ending balance is now a positive $537 million for the duration of the 30-years for all the projects. VTA continues to maintain reserves at the Board adopted policy of 15 percent. Mr. Collins. reported that BART had been advanced from 2018 to 2016 in the previous scenario. Ti’~e Light Rail to Eastridge has been advanced by 6 years to 2012. Light Rail to Neiman has been advanced to 2017,and to Los Gatos by 2012 whereas previously that was projected to 2035. The Scenario accommodates single car Light Rail on Santa Clara/Alum Rock by 2021which previously was in the Completion Pro~am. The VTA Scenario with these new projections accomplishes: 1) Restores prior 10 percent funding cut for Caltrain, 2) Completes Caltrain Electrification by 2018, 3) Provides for Caltrain ser¥ice improvements, 4) Provides for 8.4 miles of Caltrain double tracking in the South County by 2010, 5) Completes Dumbarton Rail by 2011, 6) Provides for ACE upgrades between 20!4 and 2025, 7) Completes the People Mover by 2018, 8) Initiates Bus Rapid Transit projects on Monterey Road, Stevens Creek, and Line 22 by 2011. Mr. Collins gave a brief overview of new projects included in the Scenario. The new projects are: 1) Provide $718 million for local streets and roads, county roads and bicycle and pedestrian path improvement progam, 2) Provide $130 million for Bus Rapid Transit projects in Cupertino/Smm?~,’ale, 3) VTA service increase by 24 percent by 2020, 4) Provide new Senior and Disabled pro~ams, and 5) Provide $2.7 billion in BART operating subsidy to 2038. Mr.Collins noted the Expenditure Plan was reviewed by the Santa Clara County Board of Supervisors, VTA Advisory Committees, VTA Board of Directors, and VTA Board of Directors Workshops. Mr. Collins added that several cities in Santa Clara County requested VTA to provide a presentation on the Expenditure Plan. Steven Levy representing CCSCE provided economic projections for VTA encompassing the next ten years. Mr. Levy indicated CCSCE has provided forecasting projections to VTA for the last four years. Mr. Levy reported that VTA has consistently selected a midpoint betaYeen the moderate and conservative forecast. The analysis represents a forecast projection of taxable sales. Factors considered in the projection are: 1) Job ~’owth, 2) Population ~owth, 3) Wage and income ~owth, 4) retail spending as a share of personal income, and 5) Non-retail spending per job. Mr. Levy noted the major changes from last year projections are slightly lower job ~m’owth, conservative wage ~owth assumptions, larger share of workers will live in Santa Clara County, the share of income spent on taxable items will rise slightly, and business-to-business spending per job will be slightly higher. Mr. Levy noted Santa Clara County in comparison to other regions in California spends approximately five percent less in retail sales as share of income. Member Ke~medy inquired if the drop in retail sales could be attributed to a rise with internet sales. Mr. Levy responded that internet sales would be a small factor but automobile sales, building materials and household furniture are areas that indicate a difference of spending between Santa Clara County and the remainder of California. PAC Minutes Page 6 of 17 January 12, 2006 Chairperson Glickman introduced and welcomed the newly appointed PAC Members representing the City of Los Altos Mayor David Casas and council Member I~’is Wang representing the City of Cupertino. Member Casas queried as to the data source information used to justify the: 1) Conservative wage ~-owth assmnption being raised, 2) Larger share of workers to live in the county, 3) Share of income spent on taxable items will rise slightly, and 4) Justification for business-to-business spending per jobs. Member Casas stated he is seeking data for collaboration. Mr. Levy reminded his function is to interpret past data and provide analysis for the future. Member Casas asked to obtain the data that was the source of the historical data used by CCSCE to formulate the forecast assumptions. Roger Contreras, Chief Financial Officer, said the support data and infom~ation was provided to the Board and is available to PAC. Member Casas queried as to definition of wage. Mr. Levy infon~ned PAC the reference source for wage compilation data is average wage data published by United States Bureau of Labor and Statistics. Member Kishimoto queried as to inflation-assumptions. Mr. Levy advised the average inflation over the fourteen years used as a base in the data was indicated in the 2 to 2.5 percent range. Member Spitileri asked if an assumption could be made that due to higher housing in Santa Clara County less of the income share is spent in retail sales. Member Kline noted the Board reflected their a~eement to a more conservative midpoint ~owth rate for taxable sales at 4.7 percent. Mr. Levy reflected that annual review process that allows for the normal mid-term corrections is crucia! in forecasting assmnptions. Mr. Lawson noted that Mr. Levy’s contractual purpose is to provide figures that can be interpolated to assist in formulating a reasonable approach. The message relates that this is the precise methodology used in the past. Member Kline noted that Mr. Levy was not hired to justify the new numbers. Mr. Contreras clarified when the Scenario was presented to the Board of Supervisors a misconception derived from Mr. Levy’s number of 5.8 percent for the years 2008 - 2015. Mr. Contreras noted for the next 30 years the average ~owth projected number reflected should be 5 percent. Member Kem~edy queried if VTA has historically chosen the midpoint projection. Mr. Lawson indicated in the affirmative. Member Kelmedy suggested a more conservative position is prudent. Mr. Contreras noted the midpoint projection was not utilized until 2002. Member Kennedy queried as to what projections were used prior to 2002. Mr. Contreras indicated in - house projections were utilized. PAC Minutes Page 7 of 17 January 12, 2006 Margaret Okuzumi, expressed concern in the Scenario that $1 billion that was indicated in 2000 Measure A to build additional Light Rail lines has disappeared. Ms. Okuzumi suggested a scenario with no new tax be formulated. Ms. Okuzumi noted that 2000 Measure A was not specific concerning projects and not rigid in the infrastructure. Ms. Okuzumi noted many projects were unfinished. Mr. Lawson noted that as Ms. Okuzumi provides informative data, an alternative to BART is not possible with 2000 Measure A funds. Mr. Lawson assured Ms. Okuzmni her recommendation will be folaYarded to the Board for consideration. The Board will receive recommendations fiom PAC on the Expenditure Plan, following that they will decide on a sales tax measure and that measure may occur this year or next or may never occur. At that point we will again re-visit the Expenditure Plan. Member Kishimoto recommended moving BART back to 2018 utilizing the excess revenues to advance addition county projects such as Smm?~-ale/Cupertino BRT, and the Palo Alto Transit Center, noting earlier completion of these projects is cost effective. Member Kishimoto noted commitment to BART incurs elevated capita! costs, high fixed bonding costs, and operating subsidies. Member Kishimoto expressed concern regarding the volatility of the revenues particularly if VTA builds BART. Noting the VTP 2030 Plan Member Kishimoto referenced the outcome of the Measure A Expenditures as related in the VTA model. Member Kishimoto noted by 2030 an increase of HOV trips by 130,000, single occupancy vehicles by 500,000, and transit increase by 100,000. Member Kishimoto expressed concern the current Expenditure Plan is not satisfactory to meet those transit needs, and noted the base projections in the VTA analysis of expected transit demand in all regions of Santa Clara County and gateways. Member Kishimoto emphasized prudence must be utilized with the $20 billion expenditure plan assuring sig-nificant funds are available for completion of all projects. Member Kishimoto suggested staff and the VTA Board of Directors reconsider criteria in project selection, overall system desiN~, fit with system demand, leveraging the investment with benefit assessment district, tax increments, joint development, so that San Jose can help pay for some of the big project costs; and to re-assess advantages of standard gauge rail for the East Bay co~mection. Member Brodsky stated the Quarter Cent Sales Tax Scenario is an "albatross around everyone’s neck," for the next 20 years incurring additional tax now and a risky funding plan, looking for additional tax in the future when we begin digging the tmmel under San Jose. Mr. Brodsky explained the Scenario is bad transit for the valley, like an old idea inappropriate to our job layout, liking it to Rip Van Wimkle taking BART 30 years ago and waking up in San Jose now saying, "Let’s build a city here like in Oakland, building a subway here being totally oblivious to what happened in the Golden Triangle to all the commute patterns and what VTP 2030 says is where 80 percent of where the other commuters are going. PAC Minutes Page 8 of 17 January 12, 2006 Mr. Brodsky noted that his commute everyday in Silicon Valley is tedious and fln.~strating and the backup on Highway 880/237 South is backed up to 280. Highway 85 is also backed up, as is 10 North. Member Brodsky stated traffic is currently very congested, and if the Expenditure Plan is approved and $20 billion we will have mm~itigated traffic congestion for the key work areas. Mr. Brodsky expressed concern this plan is based on ridership into new buildings that do not exist, and, what will happen when those 70 million square feet of office with Research and Development are filled? Member Brodsky suggests the reason the tax measure dropped, because no one is occupying those buildings at the present time but when those buildings do become filled those comrnuters will be in areas not covered by BART? There will be far more transfers to the key ~oups in the County who make the money and pay taxes. Member Brodsky noted it is better to go back to the drav,;ing board rather than si~9: the entire valley with something that is not good. Member Caserta noted the passage of 2000 Measure A reflects the will of the voters and infol-med PAC the City of Santa Clara City Council unanimously to support the Quarter Cent Sales Tax Scenario. Member Caserta.reported the City of Santa Clara has a vested interest and has purchased real estate to re-locate the Animal Control Center due to the location of the BART testing track. Member Caserta recommends supporting the Scenario noting the .~0-3 ear sunset and the Pavement Management Pro~am. Member Oomez reported the Milpitas City Council xvill take action on the Scenario next week, and anticipated that the Council will vote to support the VTA Scenario. Member Gomez advised that city residents strongly support the BART project and oppose any; heavy rail project that would be proposed though the City. Member Gomez informed PAC that BART is the preferred transit mode in his region and the Scenario meets the needs of that region. Member Hernandez expressed support for the proposed Expenditure Plan because it adequately accommodated the transportation needs in the region. Member Kline expressed his appreciation to PAC members for their hard work over the past two years in helping to develop the proposed Expenditure Plan, noting PAC Members have labored extensively in meetings and workshops to provide suggestions and recommendations to the Board. Suggestions and recommendations originated in PAC have been reflected by the Board and incorporated into the Scenario. Member Kline reported 2000 Measure A reflected a half cent sales tax to connect BART to Milpitas, San Jose, and Santa Clara, to build rail com~ection from San Jose Airport to BART, Caltrain, and light rail, purchase vehicles for disabled access, senior safety, clean air buses, provide light rail ttv’oughout Santa Clara County. Expand and electri~, Caltrain, and increase rail, bus service. He noted the focus of 2000 Measure A was BART. Light Rail from downtown San Jose was fifth and sixth was Caltrain. Very little of 2000 Measure A focused on Caltrain. Mr. Kline noted he used Caltrain service for two years and it provides incredible value for the 280/101 Comdor, whereas BART pertains to the 880/680/280 Corridor. This issue involves bringing mass transit to sections of the community where it was not available before. Caltrain can’ies 34,000 riders a day, PAC Minutes Page 9 of 17 January 12, 2006 BART ridership numbers 345,000 a day. Using the best-case scenario it may be possible to double Caltrain ridership, whereas the BART Extension will increase BART ridership to over 800,000 riders. The Bart Extension represents a significant amount of mass transit dollars bringing riders to the system. The transit business focuses on riders and how many dollars are needed to bring a rider onboard. BART, by far is the most cost- effective method of doing that. Mr. Kline advised the Scenario reflects the work of PAC and the will of the voters, and stated 2000 Measure A is law and cam~ot be thrown out and re-thought from scratch again. Member Kline noted if policy makers wish to change the law, funds must be raised and a new measure must be introduced to the voters. He expressed concern and cautioned over turning the will of the people. Mr. Kline re-affirmed his support to VTA Scenario aligning support with the will of the voters and transit needs of Santa Clara County. Alternate Member Spitileri conm~ented that the City of SulmD~-ale anticipates BRT along Mathilda Avenue as the preferred mass .transit mode. He requested the project be retained in the plan. He is in the process of obtaining direction fiom the Mayor of the City of Smmyvale on the direction to vote on the proposed VTA Scenario. Alternate Member Kennedy indicated the City of Morgan Hill City Council has not taken a forn~a! position on the proposed Expenditure Plan; they have discussed the alternatives " at length and met with VTA General Manager Michael Burns and his staff. Member Kennedy noted the importance for PAC to reach a unified, and meaningful decision to present to the Board. The Cities of Morgan Hill, Gilroy and Milpitas have sent a letter to the Board concentrating on expanded Caltrain service, additional major arterial funding in South County, and restoring services and community busing. Member Kem~edy noted his support of a qualified motion of the proposal, qualifying it conditionally with South County projects addressed in the motion. Member Kennedy encouraged PAC Members with reser~’ations and concerns to consider a qualified motion. Member Pinheiro noted the City of Gilroy meets January 28, 2006 to discuss the VTA Scenario. Member Pinheiro noted that he gave consideration to matters Member Kline noted at the December 8, 2006 PAC. Noting those comments concerning each of us wants our "bacon," adding the City of Gilroy strives to play a part in the regional approach, but South County’s transit needs are dissimilar than the transit needs of North County. Member Pinheiro advised PAC that South County needs should be recognized and given consideration. Member Pinheiro stated he cannot support the VTA Scenario, unless he receives that direction from the Gilroy City Council. Member Pinheiro noted additional time is needed to consider the issues at hand and supports conservative rather than moderate financial projections. Member Wang commented that the City of Cupertino meets January 30, 2006 to discuss the VTA Scenario. Member Wang recommends the City of Cupertino take a conservative approach to mass transit and noted BART will not benefit Cupertino transit PAC Minutes Page 10 of 17 January 12, 2006 needs. Member \Vang stated she aggress with Member Kishimoto’s comments and urged the Scenario be sent back to the Board for consideration to allow more time to conduct a better benefit assessment of the proposed proj ects. Member Casas stated that he could not support the VTA Scenario. Member Casas suggested the Scenario must include additional long-range planning to ensure the well- being of the services provided. The plan sends the wrong message to the broader community, which is "don’t live within ?.’our means" or "spend like you hope to have money, that is the path to bankruptcy." He added the proposed plan is based on a revenue stream that is faulty in its assumptions and believes it is convenient in its revision. Member Casas referenced the 2000 Measure A and drew the Committee’s attention to that ali~m~ent and noted the Initial Pro~am expenditures are exactly aligned with 2000 Measure A. Member Casas advised he could not support something that is predicated on faulty thi~ing and added the plan continues the logic in the wrong direction. Member Casas reported that City of..Los Altos votes on the VTA Scenario January 24, 2006. Member Casas noted the City of Los Altos is a conservative community from a fiscal, prudence standpoint. Many valley leaders reside in Los Altos and those residents expect VTA to provide a govermnent service that is not only well thought out but measured with logic and reason. Chairperson Glicl, nnan recommended supporting the Scenario, advising to approach the Scenario from a regional not city standpoint. Member Glic "krnan noted in this case there is a convergence. The question is not" Does this particular transit system serve Los Gatos directly." The question continues to expand to, "does it create the jobs that employ the people who live in my town." The question remains can Silicon Valley become more successful with or without the transportation options as outlined in the Scenario. Chairperson Glickman responded in the affirmative, and noted additional PAC Members spoke eloquently expressing the opinion the Scenario does not fulfill their regional transit needs. Chairperson Glic~kman noted to that extent he is cognizant, understanding, and appreciative of those concerns, and if those convnunities were not directly served by BART would they not benefit by BART. Chairperson Glickman advised the revenue projections are presented as assumptions and represent forecasts of revenue. He concluded his remarks stating the Scenario provides for the regional transit needs of Santa Clara County. Noel Tebo, a concerned citizen, representing The Modem Transit Society strongly supports BART and light rail to the South Bay. Mr. Tebo expressed concern regarding BART’s proposed route to San Jose. Mr. Tebo suggests alternate modes of transit and reali~m~ent of routes be considered. Member Brodsky noted the financing of this plan is tenuous, and described the sales tax as dangerous. Member Brodsky noted the 300 thousand daily BART riders mentioned by Member Kline reflect 150 thousand riders tltrough the trans-bay tube. Member Brodsky advised PAC the financing of the Scenario is based on the San Jose portion being three PAC Minutes Page 11 of 17 January," 12. 2006 quarters the carrying capacity of the trans bay tube line, and noting that particular line has no fi’eeways nearby except the San Francisco Bay Bridge with a bridge toll of $3.00. Member Brodsky expressed concern VTA is attempting to transport three quarters the amount of people through that Fremont Conidor with twelve available freeways lanes, boulevard lanes and no toll roads. Mr. Brodsky said it seems absurd to project the amount of dollars received in farebox recovery using that type of projection. Member Brodsky noted the Scenario does not keep faith with the will of the voters. There has been a geat of discussion about 2000 Measure A, but referencing the 1982 Measure A passed by 82.9 percent of the voters, noting a balance mix of projects stated in Jane Ke~medy’s ballot argument. Member Brodsky noted the recovery of high fixed capital and bonding costs is dependent upon a volatile sales tax base, and noted operating subsidies will rise as tax base drops endangering basic VTA services, and a 1 percent difference in sales tax projection results in swings of billions of dollars. Member Brodsky noted he read that BART had to spend millions of dollars for a rail grinder custom made in Germany due tothe specialized rail width. Member Brodsky indicated in Hong Kong the train at the airport is the same gauge as the subway train and regional rail. Member Brodsky opposes the project selection criteria stating a 5 percent weighting for funding and thus biased project selection. Mr. Brodsky noted, "Don’t won’y about money, BART will be fine, and added we have also gone into such a political mode you can’t talk about phasing with BART; you can’t talk about alternatives with BART." Member Brodsky suggested the Scenario focuses 80 percent of funding into a single line that will only one of the four commute patterns. Member Brodsky reported the Antioch eBART co~mection to standard gauge rail co~mection was chosen for Contra County BART, CalTrain Metro East option utilizes standard parts, costs less with ~eater utility, better commute patterns, and the standard gauge solution for East!South Bay funds more projects in Valley Transportation Plan 2030 (VTP 2030) and increases ridership. Member Kishimoto noted she does not agree with all the whereas’ in the motion per se, a~d appreciated the comments of Mr. Tebo. Member Kishimoto added she is more inclined to believe a compromise from this group might suggest a review and re-examination of BART along the Caltrain East Metro aligmnent by the Board of Directors. Member Kishimoto expressed her inclination support BART if it came along a more direct line to San Jose, and with the intent to re-open the discussion without rejecting any project but to improve the overall performance of the system. Member Kem~edy added that after weighing the pros and cons of heavy rail, as an alternative to Bart his conclusion is that BART is the best solution. PAC Minutes Page 12 of 1"7 Januar~ 12, 2006 M/S/F (Brodsky/Casas) on a vote of 5 Ayes to 6 Noes, to 1 Abstention Aye: Kishimoto Brodsky Wang, Pinheiro, and Casas Opposed: Caserta, Gomez, Hemandez, Kem~edy, Kline, and Glicl~nan Abstention: Spitileri Whereas financing of this scenario is tenuous because: Recovery of high fixed capital and bonding costs is dependent upon an il~herently volatile sales tax base. Operating subsidies will go up just as tax base drops, endangering a basic VTA ser~dces. A one percent difference in sales tax projections results in swings of billions of dollars. The forecast farebox recovery is dependent upon new Santa Clara se~nents carrying 75% of Oakland to San Francisco Transbay volume once completed. Whereas the scenario does not keep faith with the ~’will of the voters" because: 82 % of voters approved Measure A in 2000 for valley wide transit improvement. Jane Kem~edy’s ballot argument is for" balanced mix of projects". This scenario focuses 80% of funding onto a single line that will service only one of the four commute patterns, and much of the funds are for a San Jose Subway Tmmel. Whereas transit advocates and BART expansion itself suggest a better rail plan: Antioch eBART connection to standard gage rail extension was chosen for Contra Costa County BART. Caltrain Metro East-uses standard par~s, costs less, with ~eater utility, and no new tax and better services commute patterns. Standard gauge solution for East/South Bay funds more projects in VTP2030 and brings in more riders for VTA using continuously evolving transit teclmology. Whereas analysis of VTA Scenarios has been flawed because: Project selection criteria used 5% weighting for funding and thus biased project selection. Be it resolved that the PAC rejects the current scenario and recommends the Board reopen the Measure A project selection process using a new and financial realistic criteria appropriate for a volatile sales tax revenue base, Member Kline noted the voters in 2000 overwhehningly supported Measure A specifically identi~dng the extension of BART to Milpitas, San Jose and Santa Clara, as the major transit project. Member Kline expressed that the primary PAC Minutes Page 13 of!7 January 12, 2006 responsibility of elected officials is to endeavor to the best of their ability to fulfill the voters expressed desires. Member Kline advised that the reduction in projected sales tax revenues has resulted in VTA staff and policy makers struggling for over two years to assure that projects and programs keep faith with the intent of the voters. Member Kline reminded PAC the VTA Scenario assumes a 30-year quarter cent sales tax, and without that tax or.equivalent revenue the plan would need to be reviewed and modified. He noted the VTA Scenario is consistent with the Measure A ballot language and arguments that the voters overwhelmingly supported in 2000. Member Kline advised PAC all polls to date show continued support for projects in Measure A therefore the PAC recommends the VTA Scenario for Board approval. Member Kline proposed the following motion that was seconded by Caserta. Member Kline advised he would modify the rnotion to obtain a majority vote. Whereas the voters in 2000 overwhelmingly supported Measure A that specifically funded the extension of Bart to Milpitas, San Jose and Santa Clara, and included additional transportation project which are also important and should be completed, and Whereas, elected officials primary responsibility is to try, to the best of their ability, to fulfill the voters expressed desires, and Whereas, reduction in sales tax projected revenues has meant staff and policy makers have spent over tow years struggling to make sure that the pro~am keeps faith with the intent of the voters, and Whereas, we understand that the prod’am will need to continue to be adjusted based on changes in costs a~d revenues Whereas, we understand that the plan we are viewing today assumes a 30 year additional quarter cent sales tax and without that tax, or equivalent revenues, Whereas, the plan under discussion in general and most details is consistent with the Measure A ballot language and argmnents that the voters ove~avhelming supported in 2000, and Whereas, all polls to date shows continued support for projects in Measure A. Therefore, the VTA PAC endorses and recon~nnends this plan to the VTA Board for approval. Member Ke~cnedy requested an amendment to the motion under the fourth whereas adding: ~*in some cases programmatic changes address issues that are raised by different city groupings." PAC Minutes Page 14 of 17 Januar? 12, 2006 Member Kline and Caserta agreed to Member Kennedy’s requested amendment to the motion. Member Kishimoto requested an amendment to add to the motion that the Board be given direction to: " move BART back to 2018 to move other projects fo~avard in the next ten ?;ears including the BRT to Sunny~..aleiCupertino and the Palo Alto Transit Center; and recommend that the Board seriously review the Caltrain East metro alignment for the BART Project. Members Kline and Caserta agreed to Members Kisihimoto’s proposed amendment. Member Casas noted he does not assume the quarter cent sales tax will prevail. The previous opposition to 2000 Measure A was light in nature, whereas organized activity currently in pro~ess is robust with various city council’s taking positions in opposition a to the sales tax. Member Casas indicated that his decision must consist of prudent, financial decision making and this isn’t it. Mr. Lawson stated that, the voters passed 2000 Measure A, and at the present VTA does not possess an approved Expenditure Plan. The goal is to obtain an approved plan at the Februa-y 2006 Board of Directors Meeting. One of the assumptions of the plan assumes certain revenue sources and that is what PAC is asked to convnent on. Member Kline noted the importance of providing to the Board input on the VTA Scenario as was requested. Member Kline implored PAC to come together to obtain a majority of votes of a~-eement to present to the Board and willingly agreed to compromise and amend the motion. Member Casas suggested if a majority vote is not received then each member will have the opportunity to individually present their opinions to the Board. Member Casas advised that the premise is not to ~ cobble together something for the Board." Chairperson Glicl~nan reminded the Committee that the Board is seeking a consensus opinion from PAC regarding the VTA Scenario. Mr. Lawson noted that comments from PAC would be forwarded to the Board of Directors. Member Brodsky closed with a quote from Ivana Trmnp, "I rant a better deal." M/S/F (Kline/Caserta) on a vote of 7 Ayes to 4 Noes, to 1 Abstention Aye: Caserta, Glicl~nan, Gomez, Hernandez, Kennedy, Kishimoto, Kline Opposed: Brodsky, Casas, Pinheiro, Wang Abstention: Spitileri PAC Mhmtes Page 15 of 17 January 12, 2006 Whereas the voters in 2000 overwhelmingly supported Measure A that specifically funded the extension of Bart to Milpitas, San Jose and Santa Clara, and included additional transportation project which are also important and should be completed, and Whereas, elected officials primary responsibility is to try, to the best of their ability, to fulfill the voters expressed desires, and Whereas, reduction in sales tax projected revenues has meant staff and policy makers have spent over tow years struggling to make sure that the prodam keeps faith with the intent of the voters, and Whereas, we understand that the pro~’am will need to continue to be adjusted based on changes in costs and revenues and in some cases progan’Lmatic changes suggested by city groupings. Whereas, we understand that the plan we are viewing today assumes a 30 year additional quarter cent sales tax and without that tax, or equivalent revenue, the plan xvould need to be reviewed and modified, and Whereas, the plan under discussion in general and most details is consistent with the Measure A ballot language and arguments that the voters overwhelming supported in 2000, and Whereas, all polls to date shows continued support for projects in Measure A. Therefore, the VTA PAC endorses and recommends this plan to the VTA for approval; with further direction that BART be moved back to 2018 so other projects can move forward in the next ten years including the BRT to SunnyYale!Cupertino and the Palo Alto Transit Center; and recommend that the Board seriously review the Caltrain Metro East alignment for the BART Project. 10.2006 State Legislative Program 11. On order of Chairperson Glickman, there being no objection, the Conm~ittee reviewed the 2006 State Legislative Program. Freeway Litter Control and Landscape Maintenance Program-Final Report On order of Chairperson Glickman, there being no objection, the Freeway Litter Control and Landscape Maintenance Program-Final Report was deferred. PAC Minutes Page 16 of 17 January 12, 2006 ATTACHMENT C Cityof Palo Alto Department qt Plam~ing and Communi~f Enviromnent March 13, 2006 DRAFT Transportation Division Ms. Cindy Chavez, Chairperson Board of Directors Santa Clara Valley Transportation Authority 3331 North First Street San Jose, CA 95134-1906 Re: VTA Quarter Cent Sales Tax Scenario Dear Ms. Chavez: On Feb~n.~ary 13, 2006, the City Council discussed the VTA Quarter Cent Sales Tax Scenario and confirmed the position of the City as reflected by Vice Mayor Kishimoto’s vote at the Policy Advisory Committee on January 12, 2006. The City Council supports the revenue and expenditure pro~am with lnodifications to December 2005 scenario to move completion of the B’ART extension back to 2018 so that other projects can move forward in the next ten years, including the Palo Alto h~termodal Transit Center project and Bus Rapid Transit (BRT) to Smmyvale/Cupertino. The Council fln-ther recommends that the VTA Board seriously review the Caltrain Metro East alignment for the BART project. Palo Alto looks for~ ard to working with the VTA as this matter moves ahead. Sincerely, JUDY KLEENBERG Mayor cc: City, Council Michael Burns, VTA General Manager 250 Hamilton Avenue RO. Box 10250 Palo Alto, CA 94303 650.329.2520 650.617.3108 fax