Resolution 4240 - Laserfiche WebLink

Occupancy Vehicles. As the Interstate HOV lane system is extended into the City of Everett, the Everett City Council is willing to allow a portion of Everett's Regional Transit Authority dollars to be allowed to construct Direct HOV access ramps. 8)That the Regional Transit Authority contributions for each investment is based on the following: a) Funding of Regional Transit Authority Administrative functions approximates 3 percent of the estimated local revenue raised within the City of Everett. In addition to financing the administrative implementation and management of the Regional Transit Authority's revised phase one plan, these funds would also help to fund implementation of a seamless regional fare integration program; b)Funding of the Everett Multi-Modal Transportation Center includes the estimated marginal cost of implementing commuter rail service and includes right of way acquisition and parking development for approximately 600 park and ride stalls, a second rail platform, station area track modifications and miscellaneous station area improvements; c) Funding of the I-5 HOV Lane to extend the two inside HOV lanes from SR 526 to 41st St reflects the construction of new lanes and the construction of the northbound HOV direct egress ramp. The City Council believes that the Interstate HOV system is the responsibility of the State of Washington to develop and manage. This funding is viewed as a loan to the Washington State Department of Transportation and the City anticipates that the funds will be repaid to the Regional Transit Authority (and be re-allocated back to the City of Everett) subject to legislative approval to make funding available. Funding represents the anticipated full cost of the project. d) Funding of the HOV Direct Access ramp to southbound I-5 complements the extension of the I-5 HOV lanes to 41st St and reflects and supports the Washington State Transportation Commission policy that HOV direct access to the interstate HOV lanes is a local government responsibility just as the Interstate HOV system is a state responsibility. Funding represents the anticipated full cost of the project. e) Funding of the HOV Direct Access ramps at 112th St complements the extension of the I-5 HOV lanes from 164th St to SR 526 likely to be fully funded by the Washington State Legislature in 1996 and 1997. This represents the anticipated full cost of the project. f) Funding of the Pacific Avenue Overcrossing would result in the grade separation of Pacific Avenue from the Burlington Northern/Santa Fe railroad track (and any new tracks laid in the future). This will allow for improved regional and local vehicular mobility. Potential commuter rail service would not impede traffic 6