Study Session - VTA Capital Investment ProgramtowN nF MEETING DATE: 4/18/2005
STUDY SESSION
rv. COUNCIL AGENDA REPORT
IpS.G,ASOg
DATE: APRIL 12, 2005
TO: MAYOR AND TOWN COUNCIL
FROM: DEBRA J. FIGONE, TOWN MANAGE
SUBJECT: SANTA CLARA VALLEY TRANSPORTATION AUTHORITY (VTA) -
LONG-TERM TRANSIT CAPITAL INVESTMENT PROGRAM
DISCUSSION:
Attached, for your information, is a draft version of VTA's Long-Term Transit Capital Investment
Program. VTA staff will be presenting the program at Monday's meeting and answer any questions
that Council may have.
FISCAL IMPACT: None
Attachment: Draft Version of VTA's Long Term Transit Capital Investment Program
Distribution: Carolyn Gonot, Chief Development Officer - Santa Clara Valley Transportation
Authority - 3331 North First Street, San Jose CA 95134-1906
PREPARED BY: PAMELA S. JACOBS
Assistant Town Manager
PSJ:pg .
N:\MGR\AdminWorkFiles\cnclrpts\4-18 VTA Long Term Transit CIP.wpd
Reviewed by: Assistant Town Manager ILL-Town Attorney Clerk Administrator
Finance Community Development Revised: 4/13/05 10:15 am
Reformatted: 5/30/02
S A N T A C L A R A
Valley Transportation Authority
February 16, 2005
Mayor Mike Wasserman
Town of Los Gatos
110 East Main Street
Los Gatos, CA 95030
Dear May asserman:
Attached is the draft version of VTA's Long-Term Transit Capital Investment Program. This
program outlines VTA's plan to fund transit services and various transit capital improvements over
the next thirty years. The VTA Board of Directors is circulating the document for public comment
and input.
VTA recognized with the approval of the 2000 Measure A sales tax in November 2000 that another
revenue stream would be necessary to operate 2000 Measure A projects as well as maintain existing
operating and capital needs. A new revenue stream has become of most critical importance with the
downturn of the economy in most recent years. Even though VTA has achieved financial stability in
the near term, estimates of future sales tax revenues to fund transit capital improvements and
maintain transit services have been lowered significantly.
Following discussions at two workshops on October 1 and November 5, 2004, the VTA Board of
Directors approved a preliminary revenue and expenditure plan that included a potential additional
%z-cent sales tax to begin in fiscal year 2007 for transportation purposes. This approved funding
scenario, which is outlined in the Long-Term Transit Capital Investment Program, enables VTA to
(1) deliver all 2000 Measure A projects, (2) maintain transit service levels, and (3) fund necessary
equipment upgrades and maintenance for VTA's transit-related assets. The funding scenario assumes
that the potential new %i -cent sales tax would be divided with VTA receiving 75 percent for transit
operations and improvements and the County of Santa Clara and the 15 cities receiving the remaining
25 percent for roadway maintenance and operations.
The VTA Board of Directors will hold a workshop on April 22, 2005 to discuss comments on the
draft investment plan.. I am requesting that each city and the County provide VTA staff an
opportunity to meet with you and your fellow council members to receive feedback on the plan prior
to our workshop in April. If you would like to receive a presentation on the plan, either during a city
council meeting or at a special working session, please contact VTA's Chief Development Officer,
Carolyn Gonot, at 408.321.5623 to schedule a meeting.
Sincerely,
ia rperson
oard of Directors
C: VTA Board of Directors
VTA Policy Advisory Committee Member
VTA Technical Advisory Committee Member
3331 North First Street • San Jose, CA 95134-1906 - Administration 408.321.5555 - Customer Service 408.321.2300
PLEASE NOTE:
A COPY OF THE DRAFT VERSION
OF VTA' S LONG-TERM TRANSIT CAPITAL
INVESTMENT PROGRAM
IS AVAILABLE FOR REVIEW FROM THE
CLERK DEPARTMENT
M
F'
FOR
PUBLIC
S A N T A C L A Q A
DRAFT
Table of Contents
Table o Figures iii
Foreword v
Chapter 1: Transit Capital Investment Programs .....................................1
2000 Measure A Transit Improvement Program i
Capital Investment Program for Ongoing Operations 2
Chapter 2: Financial Resources for Future Transit Capital Investments 5
Economic Effects on Future Transit Capital Improvement Projects 5
Federal Funding Sources 6
State Funding Sources 7
Local Funding Sources 9
Chapter 3: Transit Capital Revenue and Expenditure Plans 13
2000 Measure A Expenditure Plan 13
Funding for VTA's Capital Program to Support Operations 15
Appendices
Appendix A
2000 Measure A Program Projected Revenues and Anticipated Expenditures
2000 Measure A Capital Investment Program Timeline
Appendix B
2000 Measure A Program Project Fact Sheets
Long-Term Transit Capital Investment Program i
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Valley Transportation Authority
Valley Transportation Authority
S A N T A C L A R A
Table of Figures
Figure 1-1: 2000 Measure A Progress Report (as of January 2005) 2
Figure 1-2: 2000 Measure A Sales Tax Projected Revenues 9
Figure 1-3: Use of 2000 Measure A Bond Proceeds 10
Figure 1-4: Summary of 2000 Measure A Program Projected Revenues & Expenditures 14
Figure 1-5: Summary of VTA Ongoing Operations Capital Program
Projected Revenues & Expenditures 15
2000 Measure A Capital Investment Program
Projected Revenues and Anticipated Expenditures ....................................Appendix A
2000 Measure A Capital Investment Program Timeline Appendix A
Long-Term Transit Capital Investment Program iii
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Valley Transportation Authority
S A N T A C L A R A
Valley Transportation Authority
Foreword
In November 2000, the voters of Santa Clara County overwhelmingly endorsed a
30-year, '/2-cent sales tax to fund the 2000 Measure A Transit Improvement Pro-
gram. The program of transit projects includes the extension of BART to Silicon
Valley; light rail into the east valley; conversion of VTA's light rail fleet to low
floor vehicles; VTA service improvements; Caltrain service improvements and
many other transit projects.
While the 2000 Measure A Transit Improvement Program involves major capital
projects of importance to Santa Clara County's transportation system, VTA has
many other capital projects that are essential to sustaining public transit service.
This document, VTA's Long-Term Transit Capital Investment Program, identifies all
major transit projects and anticipated sources of revenue to fund improvements
over the next 30 years. Development of a long-term plan requires a great deal of
planning and input from the community, local stakeholders, and the VTA Board
of Directors. This preliminary investment plan has been produced for circulation
and public comment beginning February 2005.
With the effects of the recent economic downturn still apparent, VTA developed
a long-term funding scenario that allows all projects in 2000 Measure A to be
implemented, provides for future service increases, and maintains VTA's existing
and future bus and light rail fleet. The funding scenario presented in this docu-
ment is based upon the premise that revenues from a new permanent 1/2-cent sales
tax would become available in April 2007, of which 75 percent would go to VTA
and 25 percent would go to the 15 cities and the County of Santa Clara for pave-
ment management or other transportation-related purposes.
Possible VTA Board action on adopting a Long-Term Transit Capital Investment
Program is anticipated in Summer 2005.
Long-Term Transit Capital Investment Program
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Valley Transportation Authority
S A N T A ( L A R A
Valley Transportation Authority
Chapter 1:
Transit Capital Investment Programs
VTA's Long-Term Transit Capital Invest-
. Improve bus service in major bus corri-
ment Program describes planned improve-
dors.
ment projects and capital investments
• Upgrade Altamont Commuter Express
occurring in the next 30 years. The invest-
(ACE)
ment program is divided into two compo-
• Improve Highway 17 Express bus ser-
nents: (1) transit improvement projects in
vice.
the 2000 Measure A Transit Program, and
• Connect Caltrain with Dumbarton Rail
(2) ongoing transit capital investments nec-
corridor
essary to support basic transit services.
• Purchase zero-emission buses and con-
struct service facilities.
2000 Measure A Transit
Improvement Program
The 2000 Measure A Transit Improvement
Program, a 30-year plan of major transit im-
provement capital projects, was approved in
November 2000 by over 70 percent of Santa
Clara County's voters. 2000 Measure A
listed the following countywide transit im-
provement projects:
• Fund operating and maintenance costs
for increased bus, rail and paratransit
service.
• Extend BART to Silicon Valley through
the Silicon Valley Rapid Transit Corri-
dor (SVRTC).
• Provide connections from Mineta San
Jose International Airport to BART, Cal-
train and VTA light rail.
• Extend Light Rail from Downtown San
Jose to the East Valley.
• Purchase low-floor light rail vehicles.
• Improve Caltrain: double-track to Gilroy
and electrify from Palo Alto to Gilroy.
• Increase Caltrain service.
• Construct a New Palo Alto Intermodal
Develop new light rail corridors.
The 2000 Measure A Transit Improvement
Program is one component of VTA's long-
range countywide transportation plan, Val-
ley Transportation Plan (VTP) 2030. VTP
2030 outlines a balanced approach to im-
proving Santa Clara County's transportation
system, specifically denoting planned im-
provements to roadways and highways, pub-
lic transit, bicycle and pedestrian facilities,
and technology infrastructure. Under a
separate process, VTP 2030 was reviewed
by local jurisdictions and adopted by the
VTA Board of Directors on February 3,
2005.
VTA has already begun work on 2000
Measure A by issuing a limited amount of
bonds to purchase 70 additional low-floor
vehicles; to acquire right-of-way; and to
conduct environmental studies, preliminary
engineering and design work for projects
identified in 2000 Measure A. Figure 1-1
summarizes VTA's progress on 2000 Meas-
ure A projects as of January 2005.
Transit Center.
Long-Term Transit Capital Investment Program
Project
Progress
Low-Floor Light Rail Vehicles
✓
Additional 70 low-floor vehicles delivered and currently in
revenue service.
Downtown East Valley Transit
✓
Began preliminary engineering on Capitol Expressway Light Rail
Improvement Plan
Project to Nieman Boulevard.
✓
Continued environmental clearance for Capitol Expressway and
Santa Clara Street/Alum Rock Avenue corridors.
✓
Continued federal environmental clearance studies.
Silicon Valley Rapid Transit
✓
Completed and adopted final state-level environmental
Corridor Project
clearance in December 2004.
✓
Started preliminary engineering and value engineering.
✓
Purchased critical Union Pacific right-of-way.
✓
Continued federal-level environmental clearance studies.
Dumbarton Rail
✓
Programmed VTA funding contribution for environmental
studies and reports.
Caltrain Service Upgrades
✓
Negotiated ability to expand five roundtrips to Gilroy.
Caltrain South County Service
✓
Programmed $45 million in Long-Term Transit Capital
Upgrades
Investment Program for track improvements by 2010 for
service upgrades.
Caltrain Electrification
✓
Programmed funding in Long-Term Transit Capital Investment
Program to match Caltrain's Short-Range Transit Plan.
New Rail Corridors Study
✓
Programmed $1.3 million in Long-Term Transit Capital
Investment Program to begin study in 2005.
Zero-emission Bus Demonstration
✓
Three zero-emission buses received with in-service testing to
begin in early 2005.
Capital Investment Program for
Ongoing Operations
In addition to the 2000 Measure A projects,
an on-going capital investment program is
necessary to maintain and upgrade VTA's
operations-related assets. Activities include
fleet replacement, facility and infrastructure
upgrades and maintenance, and capital con-
tributions to Caltrain and Altamont Com-
muter Express (ACE) services. These ac-
tivities are not included in the 2000 Measure
A Transit Program. Projected revenues and
expenditures for ongoing operations will be
updated through VTA's internal Capital Im-
provement Program Oversight Committee as
part of the budget process and VTA's Short
Range Transit Plan.
2 Valley Transportation Authority
Capital projects to support VTA operations
are grouped into the following categories.
Revenue Vehicles and Equipment
VTA currently has a fleet of 523 diesel-
powered buses. Of these buses, 433 are part
of the active fleet (buses required to meet
service demand) and the remaining 90 are
part of the inactive fleet. At present, 234 of
the buses are low-floor. All future bus pur-
chases will be of the low-floor design.
VTA has established a replacement program
based on operating buses for 15 years. As a
result of this cycle, VTA will replace an av-
erage of 20 to 40 buses annually, with the
heaviest replacements needed after 2013.
Because VTA has reduced service, the total
fleet will be reduced over time by phasing-
out the inactive fleet. In total, nearly 100
buses due for replacement from 2006 to
2008 will instead be retired. The phased
reduction will enable VTA to reach a 20
percent spare level in 2009. A replacement
farebox system will also be installed to im-
prove reliability and accountability as well
as allow for integration with other on-board
systems including TransLink.
VTA's fleet of low-floor light rail vehicles
will receive routine preventative mainte-
nance to retain a high state of reliability
throughout the life of the vehicles. In time,
vehicles will eventually receive new HVAC
components, brakes, pantographs, and other
interior and exterior components.
VTA has determined that the optimal point
to replace non-revenue vehicles to minimize
repair costs and maximize reliability is be-
tween 6 and 20 years, and a minimum of
85,000 miles, depending on vehicle type and
usage. A total of 264 support-type vehicle
replacements are forecasted over 10 years.
Operating Facilities and Equipment
Included in this category are maintenance,
rehabilitation and expansion projects for
VTA's bus operating divisions, the overhaul
and repair facility, and the Guadalupe Light
Rail Maintenance Facility. VTA's operating
divisions have been in operation for 15 to 20
years and will require reconstruction, recon-
figuration, and expansion to accommodate
VTA's needs in the next 10 years. Facilities
will also be upgraded to accommodate
VTA's fleet of zero-emission buses.
Light Rail Way, Power and Signal
Way, Power and Signal (WP&S) projects
include all work associated with maintaining
the backbone elements of the light rail sys-
tem (exclusive of vehicles), including track,
right-of-way, structures, traction power, sig-
nals, and station platforms. Since many
elements of the light rail system are 16 years
old, VTA has now entered a phase where it
is beginning to face needs for rehabilitation
or replacement of WP&S elements.
The current capital program identifies sev-
eral WP&S projects required to improve rail
service reliability, flexibility, and safety.
Projects include signal retrofits, station plat-
form retrofits along the Guadalupe Light
Rail corridor, substation and rail rehabilita-
tion and replacement.
Passenger Facilities
The VTA passenger facility capital program
includes bus stop improvements, light rail
station improvements, construction or
Long-Term Transit Capital Investment Program
improvement of transit centers and park &
ride lots, and replacement or upgrading of
transit passenger amenities such as informa-
tion signs, benches, and bike lockers. Pas-
senger facility projects provide a means of
attracting new riders and improving service
to existing riders.
VTA plans to implement major upgrades
along Bus Line 22, the most heavily used
bus route, for future bus rapid transit ser-
vice. Other passenger facility upgrades in-
clude historic preservation or rehabilitation
at transit centers and Caltrain facilities, in-
stallation of Intelligent Transportation Sys-
tems to provide real-time information, and
bus stop accessibility improvements. VTA
has also scheduled rehabilitation projects at
the Tamien Child Care Center, including
carpet and vinyl floor replacement, painting,
and other repairs.
Information Systems and Technology
Information systems and technology projects
include not only traditional computer sys-
tems projects, but also new communications,
operations and fare collection projects that
will use electronics and software to signifi-
cantly change the way VTA does business.
Projects underway or planned at VTA in-
clude upgrades to the VTA Customer Ser-
vice Call Center and replacement of VTA's
information technology infrastructure.
Miscellaneous Administrative Projects
VTA will use federal Section 5307 Transit
Enhancement funds to restore the water
tower on the Vasona Light Rail Project.
The water tower, which was dismantled and
temporarily stored during Vasona construc-
tion, is a contributing structure to the Diri-
don Station and is listed on the National
Register of Historic Places. The tower will
be restored to meet historic building code
requirements for seismic and wind forces
and relocated to a new site near the Diridon
Station. Other projects included in this
category will upgrade VTA operator facili-
ties to new standards.
VTA anticipates financing the 2000 Meas-
ure A Program and capital investments for
ongoing operations with federal, state, and
local funding sources. The following sec-
tion describes those funding sources and
VTA's revenue estimates for the 30-year
program.
4 Valley Transportation Authority
Chapter 2:
Financial Resources for
Future Transit Capital Investments
In the 2002 and 2003 fiscal years, during the
most recent economic recession in Silicon
Valley, VTA saw its sales tax revenues de-
cline almost $50 million for an unprece-
dented 10 consecutive quarters. The
downturn resulted in significant operating
deficits, necessitating VTA to implement
service reductions, fare increases and inter-
nal cost-containment strategies. VTA also
began to evaluate the viability of the various
funding sources that would finance future
capital improvements, specifically for the
2000 Measure A transit projects.
Measure A Transit Improvement Program.
To ensure funding for the entire program
and provide VTA with long-term financial
stability for its existing system, four funding
scenarios were considered.
Funding Scenarios Considered for the
2000 Measure A Program
Four long-term financial scenarios were
evaluated:
1. No new tax or revenue stream.
Economic Effects on Future 2. New permanent 1/4-cent sales tax.
Transit Capital Improvement
3. New permanent %z-cent sales tax.
Projects
At the time of the November 2000 vote, 4.
revenues from 2000 Measure A were as-
sumed at approximately $6 billion (in 2000
dollars) over a 30-year period. VTA antici-
pates that the current economic downturn
will decrease potential receipts from 2000
Measure A to approximately $4.4 billion (in
2000 dollars), or $9.9 billion when escalated
to year of receipt.
As a result, the VTA Board of Directors
evaluated and refined VTA's long-term
capital investment program during a series
of workshops in August, October, and No-
vember 2004. The program for transit capi-
tal improvements would be designed to
deliver all projects identified in the 2000
New permanent 1/2-cent sales tax, but
with five-year delays for the Silicon
Valley Rapid Transit Corridor (SVRTC)
and Downtown East Valley (DTEV)
projects.
Of the four scenarios, scenarios 1 and 2 did
not generate sufficient revenue to complete
and operate all projects in the 2000 Measure
A Transit Improvement Program. The VTA
Board also chose to eliminate scenario 4
from consideration. It was shown that de-
laying construction for both the SVRTC and
DTEV projects would result in significantly
increased project costs.
Long-Term Transit Capital Investment Program
Selected Funding Strategy
Based on initial direction from the VTA
Board, the long-term investment strategy has
been further refined with the following con-
ditions:
A "potential new permanent 1/2-cent sales
tax" (75 percent to VTA) is included for
VTA's operating budget and 2000
Measure A Transit Improvement Pro-
gram.
All sales tax projections reflect the mid-
point between the Center for the Con-
tinuing Study of the California
Economy's (CCSCE) conservative and
moderate projections, which were up-
dated in July 2004.
Program expenditures and project deliv-
ery timelines have been revised based on
VTA Board comments to advance the
Caltrain electrification project, consis-
tent with Caltrain's Short Range Transit
Plan.
Revenue projections are based on the as-
sumption of a new permanent %z-cent sales
tax becoming available in April 2007, of
which 75 percent would go to VTA and 25
percent would go to the 15 cities and the
County of Santa Clara for pavement man-
agement or other transportation-related pur-
poses. An affirmative action by the VTA
Board to adopt this Investment Plan does not
endorse or authorize placing the referenced
1/2-cent sales tax on the November 2006
ballot.
If a new sales tax ballot measure were un-
successful in November 2006, VTA would
revert to scenario 1, the "No New Tax" sce-
nario, which would mean that VTA may
begin to experience operating cash deficits
as early as FY 2008. Such a scenario would
seriously curtail any capital program and
necessitate a re-evaluation of 2000 Measure
A sales tax revenues and VTA service levels
required to balance future budgets.
Given VTA's Long-Term Transit Capital
Investment Program covers a 30-year pe-
riod, certain assumptions regarding the
availability of federal, state and local fund-
ing and revenue amounts were made. As-
sumptions must be re-evaluated and updated
on at least an annual basis to ensure that the
forecasts reflect the most current economic
trends and funding availability.
The following sections describe each fed-
eral, state, and local funding source identi-
fied to finance the 2000 Measure A and the
Ongoing Operations Capital Programs.
Federal Funding Sources
Federal New Starts Funding
Federal Section 5309 New Starts funds of
$973 million are projected for the SVRTC
project. Although the Federal Transit Ad-
ministration (FTA) gave the SVRTC Project
a "not recommended" rating in its 2004 and
2005 Annual New Starts Reports, such ac-
tion does not preclude the possibility of ob-
taining federal funding for the project.
Therefore, VTA will continue to submit re-
quests for Section 5309 New Starts funding
for the project through the annual federal
appropriations process. Federal New Starts
funds are received on a reimbursement ba-
sis. As of November 30, 2004, $4.7 million
has been earmarked for SVRTC preliminary
engineering, of which $246,000 has been
received by VTA.
Valley Transportation Authority
Federal Funding for Transit Operations
The federal funding assumptions for the
FTA Section 5307 Urbanized Area Formula
and the Section 5309 Fixed Guideway pro-
grams are based on revenue projections pro-
vided by the Metropolitan Transportation
Commission (MTC) in its Transportation
2030 Plan. MTC's estimates are based on
the federal FY 2004 FTA apportionments
and assume a three percent growth rate. A
historic review of the Section 5307 and Sec-
tion 5309 apportionments from FY 1998 to
FY 2003 indicates an 8.0 percent and 9.0
percent annual growth rate respectively for
the program. However, due to the fact that
the reauthorization bill is still being debated
and the economy remains uncertain, MTC is
using a more conservative growth rate of 3.0
percent for this period.
The FTA Section 5307 Formula program
makes funds available primarily for capital
projects. Preventive Maintenance is an eli-
gible capital expenditure under this program.
Funds awarded for Preventive Maintenance
essentially function to support the mainte-
nance portion of the operating budget.
Prior to the economic downturn, VTA util-
ized small amounts of Preventive Mainte-
nance to accelerate cash flow and free up
local funding to underwrite capital expendi-
tures. However, between FY 2002 and FY
2005, as sales tax revenues declined and
economic conditions worsened, VTA began
to maximize the use of Preventive Mainte-
nance as a bridging strategy to reduce oper-
ating deficits. An average of $36 million
was programmed annually for Preventive
Maintenance over the four-year period.
Beginning in FY 2006, VTA is forecasting
its Preventive Maintenance program at $20
million and $25 million in FY 2007. In FY
2008, Preventive Maintenance is further re-
duced to $15 million annually escalated over
the 30-year period at a rate of 3.5 percent
per year. This will allow the VTA to resume
using the majority of its Section 5307 funds
for planned capital improvements.
State Funding Sources
Traffic Congestion Relief Program
In 2000, the Traffic Congestion Relief Pro-
gram (TCRP) was enacted, directing reve-
nues generated by the State sales tax on gas
and diesel fuel from the State General Fund
to transportation. TCRP funds in the amount
of $649 million are earmarked for the
SVRTC project. These funding commit-
ments continue to be carried in the State
budget, but are currently unfunded.
The FY 2005 state budget package author-
ized the Department of Finance to issue
bonds for transportation purposes backed by
revenues generated through renegotiated
gaming compacts with Native American
tribes. A portion of this bond is dedicated
for new allocations to the TCRP projects.
In light of this situation, VTA has submitted
an allocation request for approximately
$100 million to the California Transporta-
tion Commission (CTC) for preliminary en-
gineering work for the SVRTC project.
Additional TCRP allocation requests for the
project will be submitted to the CTC in fu-
ture fiscal years as the need arises, assuming
sufficient appropriations for the TCRP by
the California State Legislature.
Long-Term Transit Capital Investment Program
Proposition 42 STIP
The transfer of gas tax revenues from the
State General fund to TCRP was to occur
during FY 2004 through FY 2008 only.
However, in 2002, California voters passed
State Proposition 42, making the transfer
permanent. A portion of Proposition 42
funding goes to the State Transportation Im-
provement Program (STIP).
Proposition 42 STIP funds in the amount of
$147.3 million are projected for the SVRTC
project in addition to the TCRP allocation.
Update on State Funding
In January 2005, Governor Schwarzenegger
released his proposed FY 2006 state budget.
Relative to funding for transportation pro-
jects, the Governor retained the TCRP in the
budget with the following funding propos-
als:
Fully suspend Proposition 42, leaving
the entire $1.3 billion in the General
Fund to balance the State deficit. If en-
acted, this proposal would eliminate
funding for a number of transportation
programs in FY 2006, including $678
million in TCRP funding.
Support a constitutional amendment to
prevent further taking of Proposition 42
funds out of transportation starting FY
2008. However, he has not stated
whether he will propose suspension of
Proposition 42 again for FY 2007.
• Direct funding from the $1.5 billion in
bonds backed by tribal gaming revenues
to transportation projects in the budget
year when and if the sale of the bonds is
finalized.
As part of the FY 2005 state budget pack-
age, Assembly Bill (AB) 687 (Nunez) was
enacted to ratify gaming compacts that Gov-
ernor Schwarzenegger renegotiated with five
Native American tribes. It also authorized
the state to issue up to $1.5 billion in bonds
backed by tribal gaming revenues from these
compacts as a way to begin repaying the
outstanding loans that have been made to the
General Fund using various state transporta-
tion accounts. AB 687 calls for transferring
the first $1.2 billion in bond proceeds to the
TCRP.
Bonds were originally expected to be issued
in January 2005. Recent developments,
however, may jeopardize the timing of the
bond issuance as well as the amount. A
lawsuit has been filed by a coalition of card
clubs and racetracks challenging the urgency
provision contained in AB 687, which al-
lowed the law to become effective immedi-
ately upon the Governor's signature. The
plaintiffs in the pending lawsuit contend that
AB 687 grants geographic monopolies to the
tribes and, therefore, violates Article IV,
Section 8 (d) of the California Constitution,
which prohibits the Legislature from grant-
ing any special privilege or franchise in an
urgency statute. According to the State
Treasurer's Office, "it is highly unlikely that
the bonds could be sold unless this legal
challenge is resolved in the State's favor."
VTA continues to draw down $45 million in
previously allocated TCRP funding for on-
going environmental analysis.
Valley Transportation Authority
Local Funding Sources
2000 Measure A Sales Tax
The 2000 Measure A %2-cent sales tax will
be collected for a duration of 30 years, be-
ginning April 2006 and ending March 2036.
VTA has entered into an agreement with the
State Board of Equalization to administer
the collection and distribution of the 2000
Measure A sales tax revenue.
Figure 1-2 provides the annual sales tax pro-
j ections.
N 700
0 600
E 500
400
c
300
200
100
d
0
IL
*2000 Measure A Sales Tax revenue ceases in March 2036.
For FY 2007 and FY 2008, VTA assumes an
annual growth rate of 4.9 percent. For FY
2009 and FY 2010, the growth rate is as-
sumed at 5.0 percent. For FY 2011 through
FY 2036, the growth rate is 4.75 percent per
year. Assumptions are based on the 20-year
historical performance of VTA's'/2-cent
sales tax, which has grown at an annual rate
of 4.78 percent per year, excluding the
anomaly years of the high-tech boom and
bust when VTA saw unprecedented in-
creases, then decreases, in its sales tax reve-
nue. As of December 2004, the 2000
Measure A sales tax is projected to generate
$4.4 billion (in 2000 dollars) or $9.9 billion
(in dollars escalated to year of receipt).
Sales tax projections are based on taxable
sales projections prepared by the Chief
Economist with The Center for Continuing
Study of the California Economy (CCSCE).
In July 2004, CCSCE completed an update
of Santa Clara County taxable sales projec-
tions for FY 2004 through FY 2010. The
key projection determinants used by CCSCE
are:
• Total jobs
• Total income
• Total population
• Percent of income spent on taxable items
• Volume of business-to-business sales per
job.
The analysis uses an historical database
from 1990 through 2003. The projections of
jobs, population and income are developed
by CCSCE using low-, middle-, and high-
growth assumptions.
The wage, income and taxable sales projec-
tions depend on ratios and trends for the en-
tire 13-year historical database. The analysis
was very sensitive to the problem of dealing
with the recent economic cycle between
1998 and 2000.
Long-Term Transit Capital Investment Program 9
O O N LO M N N N C) M m
O O O O O O O O O O O
N N N N N N N N N N N
Fiscal Year
Applying low-, middle-, and high-growth
assumptions to the projections of jobs, popu-
lation and income, CCSCE develops a set of
low (conservative), middle (moderate), and
high (optimistic) projections for taxable
sales. Given the uncertainty of the economy
in the next few years, VTA chose to take a
more conservative approach by using the
midpoint between CCSCE's moderate and
conservative projections of taxable sales.
2000 Measure A Bonds
On August 7, 2003, the VTA Board author-
ized the issue of up to $550 million of 2000
Measure A Sales Tax Revenue Bonds to
fund: 1) accelerated reimbursement of the
Repayment Obligation'; 2) retirement of the
2002 Grant and Bond Anticipation Notes; 3)
operating costs associated with deferral of
service reductions; 4) preliminary engineer-
ing for the Silicon Valley Rapid Transit
(SVRTC) project; 5) capitalized interest,
cost of issue, potential debt service reserve
fund; and 6) other projects as determined by
the Board, including preliminary engineer-
ing for Downtown East Valley (DTEV)
transit improvements. Figure 1-3 summa-
rizes the use of 2000 Measure A bonds.
As of December 9, 2004 three series of
bonds (2003 Series A and 2004 Series A and
B Bonds) have been issued under this VTA
Board authorization. Each series of bonds is
structured as a long-term issue maturing
April 1, 2036 (when the 2000 Measure A
1 Reimbursement to VTA for the debt service payments VTA has
made/will make on the 2001 Series A bonds until FY 2006, when
collection of the 2000 Measure A sales tax begins. 2001 Series A
bonds in the amount of $200 million were issued for the 1996
Measure B Tasman, Capitol, and Vasona light rail extension pro-
jects in exchange for 1996 Measure B sales tax revenue, which was
used to advance the purchase of light rail vehicles included in 2000
Measure A.
sales tax ends), but with a mandatory tender
on October 2, 2006.
Projects Bond
Proceeds
millions)
SVRTC Preliminary Engineering
$132.2
DTEV Conceptual Engineering
4.0
DTEV Preliminary Engineering
16.0
Repayment Obligation
67.3
UP Right-of-way Purchase
Fremont to San Jose
81.5
Newhall Yard
37.3
Additional Round Trips for
Caltrain South County Service
10.0
Dumbarton Rail
0.7
Rail Corridor Study
0.8
Capitalized Interest/Cost of Issue
42.2
Total Allocated Bond
Proceeds $392.0
The rate of interest through the mandatory
tender date is fixed. The intent is that the
bonds will either be remarketed or refunded
on the tender date (or a combination of
both). This structure was designed to pro-
vide VTA with the interest benefits associ-
ated with a short-term financing but with a
framework similar to that of a long-term fi-
nancing with the needed flexibility to retire
a portion of the debt should other funds be-
come available.
To complete the SVRTC and DTEV projects
within their optimum project delivery
schedules, there will be a need to issue
bonds in addition to those previously author-
ized by the VTA Board. The Investment
10 Valley Transportation Authority
Plan currently assumes additional 2000
Measure A bonds (net proceeds) of $2.2 bil-
lion, which is the maximum that can be is-
sued through FY 2015 within a debt service
coverage ratio (DSCR) of 1.3x (set pursuant
to the terms of the 2000 Measure A Inden-
ture between VTA and BNY Western Trust
Company as Trustee). A 1.3x DSCR ratio
means that for every $1 in sales tax revenue
received, as much as $0.70 may be used to
pay debt service on outstanding bonds.
To meet the projected cash flow require-
ments of the SVRTC and DTEV projects, it
is necessary to issue the maximum allowable
amount of bonds during years of construc-
tion. The Investment Plan does not contem-
plate further issuance of bonds after
completion of the SVRTC and DTEV
projects.
As the 2000 Measure A Program progresses,
VTA staff will re-evaluate the need for debt
financing based on cash flow requirements
and will adjust the anticipated amount as
appropriate. The goal is to minimize the use
of bonds as much as possible.
VTA Bonds
The use of 2000 Measure A bonds with ac-
ceptable coverage ratios will help to mini-
mize, but not close the funding gap within
the 2000 Measure A Transit Improvement
Program during the years when the SVRTC
and DTEV projects are being completed,
therefore another funding source is still
needed. Under the assumption that VTA is
successful in obtaining voter approval for a
new permanent 1/2-cent sales tax in Novem-
ber 20062, the Investment Plan currently re-
flects the assumption that VTA would issue
'Assumes anew, permanent''/2-cent sales tax beginning April
2007. 75 percent to VTA, 25 percent to cities and county for local
$1.7 billion net bond proceeds for the
SVRTC and DTEV projects.
The debt-service coverage ratio (DSCR)
assumptions differ between debt secured by
and payable from the 2000 Measure A sales
tax and debt secured by and payable from
VTA's 1976 half-cent sales tax primarily
due to the intended use of the sales tax reve-
nue. While a coverage ratio of 1.3x is
acceptable to rating agencies for revenue
streams that are dedicated to specific pro-
jects (such as the 2000 Measure A sales tax),
VTA's 1976 1/2-cent sales tax has a higher
debt-service coverage requirement because
the revenue source is dedicated for opera-
tions.
The indenture between VTA and U.S. Bank
National Association (trustee), which gov-
erns the issuance of additional bonds that are
secured by VTA's 1976 1/2-cent sales tax,
allows VTA to issue additional bonds as
long as sales tax revenue exceeds at least
two times the maximum annual debt service
on all outstanding senior lien bonds. How-
ever, the same Indenture also requires the
funding of a reserve account in the event
sales tax revenue does not equal at least
three times the maximum annual debt ser-
vice of all outstanding senior lien bonds,
which results in a reduction in the amount of
net bond proceeds available for projects.
To avoid having to fund a reserve and maxi-
mize the amount of bond proceeds available
for project expenditures, we used a 3.Ox
DSCR as a baseline assumption for the issu-
ance of additional bonds secured by and
payable from the 1976 permanent 1/2-cent
sales tax.
Long-Term Transit Capital Investment Program I I
VTA and Other Funds
Under the assumption that VTA is success-
ful in obtaining voter-approval for a new
permanent sales tax, this funding source is
estimated to provide $3.3 billion of VTA
surplus funds for the completion of all 2000
Measure A projects.
Funds from Other Partners
Funds from Other Partners totals $1.6 billion
and represents confirmed and potential
funding sources that may be available for
2000 Measure A projects (excluding those
other fund sources categorized separately).
Interest Earnings
Estimated interest earnings based on an an-
nual earnings rate of 1.5 percent calculated
on the average balance. Bond proceeds are
not included in this calculation.
Funds from VTA Local Match
Locally matched funding includes revenues
from the 1976 permanent Y2-cent sales tax,
which funds VTA operations and a portion
of capital projects.
12 Valley Transportation Authority
Chapter 3:
Transit Capital Revenue and Expenditure Plans
This chapter contains the revenue and ex-
penditure plans for both the 2000 Measure A
Transit Improvement Program and VTA's
Ongoing Operations Capital Program.
2000 Measure A Expenditure Plan
As outlined in Chapter 2: Capital Financial
Resources for Future Transit Investments,
VTA has developed a funding scenario to
implement all projects in the 2000 Measure
A Transit Improvement Program. The fund-
ing scenario includes a potential new per-
manent %2-cent sales tax, with 75 percent to
fund VTA's operating budget and 2000
Measure A Transit Improvement Program.
With the funding scenario selected to sup-
plement the 2000 Measure A sales tax, VTA
developed a revenue and expenditure plan
for delivering all the projects outlined in
2000 Measure A. A summary of the plan is
shown in Figure 1-4; a detailed analysis of
projected revenues and anticipated expendi-
tures is shown in Appendix A.
Appendix A also includes a revenue and ex-
penditure timeline for each project in 2000
Measure A. For more information regarding
each project included in 2000 Measure A,
please refer to project fact sheets included in
Appendix B.
Long-Term Transit Capital Investment Program 13
Fund Source
2000 Measure A Sales Tax
2000 Measure A Bonds, net proceeds
VTA Bonds, net proceeds
Federal New Starts
State Traffic Congestion Relief Program
Proposition 42 STIP
VTA, Other Funds (includes new 3/8-cent sales tax)
Funds from Other Partners
Interest Earnings
Total Revenue
Expenditures
Operating Assistance
Debt Service, 2000 Measure A Bonds
Silicon Valley Rapid Transit Corridor Project
Downtown East Valley Transit Improvements Project
Bus Rapid Transit Corridors
Caltrain Electrification (Palo Alto to Gilroy)
Caltrain Service Upgrades
Caltrain South County Service Upgrade
New Rail Corridors Study
Mineta San Jose International Airport People Mover
Highway 17 Express Bus Service Improvements
Dumbarton Rail
Palo Alto Intermodal Center
ACE Upgrade
New Rail Corridors Phase I
New Rail Corridors Phase II
Zero Emission Buses (Buses & Facilities)
ZEB Demonstration Program
Total Expenditures
30-Year Revenue Projections
in millions, escalated to year of receipt)
9,882.2
2,717.2
1,670.9
973.0
648.6
147.3
3,337.9
1,610.9
0.5
$20,988.4
Estimated Project Funding
in millions, escalated to year of
expenditure)
1,824.0
5,275.7
5,319.2
655.8
62.6
903.2
195.5
191.7
1.3
541.3
2.3
299.7
550.9
38.3
407.1
2,531.3
136.4
18.5
$18,954.8
Revenues Less Expenditures (Contingency") $2,033.6
*Assumes a new, permanent '/2-cent sales tax beginning April 2007: 75 percent to VTA, 25 percent to cities and county for local transportation
projects.
"Approximately 10 percent contingency.
14 Valley Transportation Authority
Funding for VTA's Ongoing
Capital Program to Support
Operations
Figure 1-5 is a summary of anticipated reve-
nues and expenditures to support ongoing
capital investments for bus, light rail and
paratransit operations.
As stated in Chapter 1, the program's pro-
jected revenues and expenditures will be up-
dated annually through VTA's internal
Capital Improvement Program Oversight
Committee as part of the annual budget up-
date and will feed into the biennial update of
VTA's Short Range Transit Plan.
in millions, escalated to year of
Federal Section 5307 & 5309
VTA Local Match
Total Revenue
receipt)
1,633.6
637.1
$2,270.7
Expenditures
Revenue Vehicles & Equipment
Operating Facilities & Equipment
Light Rail Way, Power & Signal
Passenger Facilities
Information Systems & Technology
Miscellaneous Administrative Project
Total Expenditures
Estimated Program Funding
in millions, escalated to year of
expenditure)
1,044.8
158.9
81.7
50.5
108.9
4.2
$1,449.0
Revenues Less Expenditures (Contingency) $821.7
Long-Term Transit Capital Investment Program 15
Fund Source Revenue Projections
This page was intentionally left blank.
Valley Transportation Authority
Valley Transportation Authority
S A N T A C L A R A
Appendix A
2000 Measure A Capital Investment Program
Projected Revenues and Anticipated Expenditures
2000 Measure A Capital Investment Program Timeline
Long-Term Transit Capital Investment Program
This page was intentionally left blank.
Valley Transportation Authority
Valley Transportation Authority
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Appendix B
2000 Measure A Program
Project Fact Sheets
Long-Term Transit Capital Investment Program
This page was intentionally left blank.
Valley Transportation Authority
Valley Transportation Authority
S A N T A C L A R A
Estimated Project Funding
(in Year of Expenditure Dollars):
Funding Source Amount
Local (2000 Measure A) $1.8 billion
Total $1.8 billion
VTA Board of Directors' Actions:
No action necessary.
Project Description:
VTA has allocated 18.5 percent of 2000 Measure A sales tax revenues to public transit operations.
Project Schedule:
Funding for VTA operating assistance will begin in FY 2006 and continue until the 2000 Measure A sales tax sun-
sets in FY 2036.
Long-Term Transit Capital Investment Program B- I
Estimated Project Funding
(in Year of Expenditure Dollars):
Funding Source
Amount
Federal (New Starts)
$973 million
State (TCRP & Other)
$796 million
Local (2000 Measure A)
$3.55 billion
Total
$5.3 billion
VTA Board of Directors' Actions:
✓ Authorized $170 million in 2000 Measure A bond pro-
ceeds to begin preliminary engineering. (August 2003)
✓ Adopted the project description for the 16.3-mile exten-
sion of BART to Milpitas, San Jose and Santa Clara
and approved the Final Environmental Impact Report.
(December 2004)
Extension of the San Francisco Bay Area Rapid Transit (BART) system that includes:
• 16.3-mile rapid transit extension south from a future Warm Springs station in Fremont through Milpitas and
San Jose to the Santa Clara Caltrain Station.
• Seven stations, and one possible future station (located in Milpitas).
• Intennodal connections at Montague/Capitol, Alum Rock, Diridon and Santa Clara stations.
• Connection at Santa Clara station to Mineta San Jose International Airport People Mover system.
Project Development and Status:
In March 2001, VTA initiated a Major Investment Study to evaluate transportation alternatives for the Silicon Val-
ley Rapid Transit Corridor (SVRTC). Through extensive analysis and public outreach, the BART extension to
Milpitas, San Jose and Santa Clara was selected as the Preferred Investment Strategy and approved by the VTA
Board of Directors in November 2001. The Federal Transit Administration approved entry into preliminary engi-
neering in September 2002.
VTA initiated environmental clearance of the project in February 2002. Working closely with numerous agencies,
stakeholders, interest groups, and the public, this process defined key issues for the environmental document, ana-
lyzed potential project alternatives, and proposed possible mitigation measures to reduce impacts. The VTA Board
of Directors certified the state-level Environmental Impact Report (EIR) on December 9, 2004. The federal-level
Environmental Impact Statement (EIS) is scheduled to be approved in December 2006.
The Bay Area Rapid Transit District (BART) is concurrently working on implementing the BART Warm Springs
Extension to south Fremont. BART updated the Warm Springs EIR in 2003. The BART Board of Directors certi-
fied the Final Supplemental EIR in June 2003. In 2004, BART initiated preparation of a federal EIS for the project,
so the project may become eligible for federal funding. The Draft EIS is scheduled for release in early 2005.
Project Schedule:
Environmental/Preliminary Engineering
Final Design
Construction
Revenue Service
2005 2006 2007 2008 2010 2015
B-2 Valley Transportation Authority
Project Description:
Estimated Project Funding
(in Year of Expenditure Dollars):
Funding Source Amount
Local (2000 Measure A) $655 million
Total $655 million
Capitol Expressway LRT to Nieman Boulevard: $430 million
Santa Clara/Alum Rock Corridor: $85 million (for enhanced bus) to
$298 million (for single-car LRT).
VTA Hoard of Directors' Actions:
✓ Authorized $16 million to begin preliminary engi-
neering studies for the Capitol Expressway LRT pro-
ject to Nieman Boulevard. (August 2003)
Project Description:
Capitol Expresswav Light Rail Proiect:
8.0 miles of LRT along Capitol Expressway from the existing Capitol LRT to the Guadalupe LRT.
Santa Clara/Alum Rock Corridor Proiect
4.3 miles of single-car LRT or enhanced bus service from Downtown San Jose to the existing Capitol LRT.
Project Development and Status:
Capitol Expressway Light Rail Proiect
As a result of public and interagency comments on the Draft Environmental Impact Statement/Environmental Im-
pact Report (EIS/EIR), the project segment from Neiman Boulevard to State Route 87 is being deferred. Therefore,
the final EIS/EIR will include only the segment of the project from the Alum Rock State to Nieman Boulevard. Ap-
proval of the Final EIS/EIR is expected in Spring 2005. Preliminary engineering began in October 2004 is expected
to be completed in December 2005.
Santa Clara/Alum Rock Corridor Proiect
Conceptual engineering and environmental analysis are underway and are expected to be completed in 2005. The
preferred alternative for the corridor is not yet determined. A Draft EIS/EIR will be circulated without a defined
preferred alternative. The VTA Board will decide between two proposed transit modes (single-car LRT or enhanced
bus) along the Santa Clara/Alum Rock Corridor.
The Santa Clara/Alum Rock and the Silicon Valley Rapid Transit Corridor Projects must be coordinated to achieve
projects that complement each other in terms of design, construction, and operation. If the single-car LRT alterna-
tive is selected as the preferred alternative by the VTA Board, it has been determined that construction of BART
stations must be completed prior to or in conjunction with construction of the trackway in the Santa Clara/Alum
Rock corridor.
Project Schedule:
Environmental/Preliminary Engineering
Final Design
Construction
O Revenue Service
2005 2006 2007 2008 2009 2010
Long-Term Transit Capital Investment Program B-3
Project Description:
Estimated Project Funding
(in Year of Expenditure Dollars):
Funding Source Amount
Local (2000 Measure A) $62.6 million
Total $62.6 million
VTA Board of Directors' Actions:
No action necessary.
Bus Rapid Transit (BRT) provides high quality, frequent bus service.
• Articulated buses, transit priority treatments (e.g.: signal priority), Intelligent Transportation System improve-
ments, and passenger facilities upgrades.
• Study and implement BRT corridors on important travel corridors.
BRT projects can be implemented in phases as funding becomes available; project benefits are realized at each
phase.
Project Development and Status:
El Camino Real/The Alameda/Santa Clara Street/Alum Rock Avenue (VTA Bus Line 22), Stevens Creek Boulevard
(VTA Bus Line 23) and Monterey Highway (in conjunction with the Downtown East Valley Transit Improvement
Project) are corridors currently identified.
VTA is developing Line 522 service, a precursor to BRT service along the current VTA Bus Line 22. Phase one
improvements include bus signal priority, limited stops, frequent service, headway-based schedules, queue jump
lanes, and near level-boarding. Service is anticipated to begin in July 2005.
The Monterey Highway BRT Corridor is 9.6 miles along Monterey Highway from Downtown San Jose to the Gua-
dalupe LRT. To achieve both cost efficiency and consistency among VTA services, the Monterey Highway BRT
project is envisioned to incorporate design and operational features currently under development for VTA's Line 22
Corridor BRT project.
Design efforts are underway for the Line 22 Corridor. Low floor, articulated buses have been acquired for Bus Line
22 and will be placed in service this summer. The initial Bus Line 22 phase (Palo Alto and Mountain View), with
signal priority and queue jump lanes, began in 2003.
Specific project improvements must be further defined, cost estimates developed and priorities established.
Support from cities and Caltrans is necessary to ensure effective priority treatment for transit.
Project Schedule:
A more specific project schedule will be created when project improvements are defined. Currently, funding for
BRT upgrades is scheduled for FY 2007 through FY 2009 and FY 2011.
B-4 Valley Transportation Authority
Project Description:
Estimated Project Funding
(in Year of Expenditure Dollars):
Funding Source Amount
Local (2000 Measure A) $176 million
Other Funding* $19 million
Total $195 million
* Other funding includes federal grants and matching funds from Caltrain
partners.
VTA Board of Directors' Actions:
No action necessary.
Provides VTA's share of costs to increase Caltrain Service in Santa Clara County from Gilroy to Palo Alto.
Improvements may include:
• Purchasing new train sets (locomotives and cars) for increased Caltrain service in Santa Clara County from
Gilroy to Palo Alto.
• Constructing additional facilities, such as station and access facilities, to support increased service.
• Constructing a parking expansion at Mountain View Station and improvements at Diridon Station.
Project Development and Status:
VTA will commence a study in mid-2005 to refine the Caltrain elements of the 2000 Measure A Revenue and Ex-
penditure Plan. VTA will work with Caltrain staff and the cities along the Caltrain route to develop this plan.
Funding commitments will need to be secured from the San Mateo County Transit District (SamTrans) and the City
and County of San Francisco to cover their share of system-wide capital project costs where appropriate.
Project Schedule:
A more specific project schedule will be created when project improvements are defined. Funding for Caltrain
Service Upgrades is scheduled for FY 2005, FY 2008, FY 2010, and FY 2025 through FY 2036.
Long-Term Transit Capital Investment Program B-5
Estimated Project Funding
(in Year of Expenditure Dollars):
Funding Source
Amount
Local (2000 Measure A)
$118 million
Other Local Sources
$74 million
Total
$192 million
VTA Board of Directors' Actions:
✓ Negotiated agreement with Union Pacific Railroad
(UPRR) granting up to five additional commuter
roundtrips on completion of the capacity improve-
ments in five years. (December 2004)
Project Description:
Current Gilroy Caltrain service consists of four daily roundtrip trains servicing the peals period only. This service
operates over a section of track owned by the Union Pacific Railroad (UPRR) and is currently constrained by the
trackage rights agreement with UPRR.
Various projects are proposed to improve and increase Caltrain service, including:
• Constructing capacity improvements including 8.5 miles of double track between San Jose and Gilroy on Union
Pacific Railroad (UPRR) property. An Agreement was executed with UPRR granting up to 5 additional com-
muter roundtrips on completion of the capacity improvements.
• Constructing a Gilroy yard facility to accommodate storage of 10 commuter rail train sets.
Project Development and Status:
VTA is working with UPRR to define scope, schedule, roles and responsibilities for the proposed $35 million in
capacity improvements. The capital improvements to support this new service have been negotiated with UPRR
through a revised Caltrain trackage agreement.
VTA is also working with a design consultant to commence design improvements at five public grade crossings.
Project Schedule:
2005
2006
®Final Design
Construction
2007 2008 2009 2010
B-6 Valley Transportation Authority
Estimated Project Funding
(in Year of Expenditure Dollars):
Funding Source
Amount
Local (2000 Measure A)
$335 million
Other Local Sources
$563 million
Total
$903 million
VTA Board of Directors' Actions:
No action necessary.
Project Description:
This project would provide for VTA's portion of the funding to electrify the existing Caltrain system from San Fran-
cisco to Gilroy and includes all operating control systems, substations, track, signals, grade crossings, terminal or
station modifications and new electric locomotives.
Project Development and Status:
Funding for VTA's share of the costs for preliminary engineering has been allocated by the Metropolitan Transpor-
tation Commission (MTC) from Revenue Aligned Budget Authority (RABA) funds previously earmarked for South
County Caltrain improvements.
Caltrain's current Short-Range Transit Plan shows electrification construction and acquisition of electric locomo-
tives, at a cost of $602 million, in Fiscal Years 2014 to 2018. A funding plan has not yet been developed or ap-
proved by the Caltrain member agencies.
Funding commitments will need to be secured from the San Mateo County Transit District (SamTrans) and the City
and County of San Francisco and the MTC to cover their share of the project costs.
Caltrain has prepared and circulated a draft environmental assessment for electrifying Caltrain from Gilroy to San
Francisco. Caltrain is in the process of responding to comments received and preparing a final Environmental Im-
pact Report, which is expected to be completed mid 2005.
Project Schedule:
A more specific project schedule will be created when project improvements are defined. Funding for Caltrain Elec-
trification is scheduled for FY 2014 through FY 2018.
Long-Term Transit Capital Investment Program B-7
Project Description:
Estimated Project Funding
(in Year of Expenditure Dollars):
Funding Source Amount
Local (2000 Measure A) $1.3 million
Total $1.3 million
VTA Board of Directors' Actions:
No action necessary.
VTA will commence the New Rail Corridors Study with the following candidate corridors:
• Sunnyvale/Cupertino;
• East Valley Extension to Guadalupe LRT;
• Santa Teresa/Coyote Valley and potential extension south to Morgan Hill;
• Stevens Creek Boulevard;
• West San Jose/Santa Clara;
• North County/Palo Alto;
• Vasona LRT to Vasona Junction.
Project Development and Status:
Three potential candidate corridors have undergone varying levels of study:
• Vasona LRT to Vasona Junction project has proceeded through conceptual engineering and environmental
approval.
• Downtown East Valley Extension on Capitol Expressway is currently in the preliminary engineering and envi-
ronmental review phases. See the project page for the Downtown East Valley Transit Improvement Plan for
more information about the Capitol Expressway Light Rail Project.
• Sunnyvale/Cupertino corridor has undergone an alignment study to Sunnyvale.
The Sunnyvale/Cupertino, Santa Teresa/Coyote Valley, Stevens Creek Boulevard, West San Jose/Santa Clara, and
North County/Palo Alto corridors have had no study to date. Therefore, adequate information does not currently
exist that would allow direct comparison of candidate corridors.
Each candidate corridor would need to be developed to a conceptual level, after which a broad brush, order-of-
magnitude evaluation could be completed to establish corridor priorities qualified for detailed study. At its June 8,
2001 workshop, the VTA Board of Directors adopted a set of prioritization criteria to aid in the selection process.
After priorities have been established, individual projects could then be further developed through completion of a
Major Investment Study, Conceptual Engineering, Environmental, Preliminary Engineering, Final Design, Right-of-
Way Acquisition and Construction, which typically takes a period of approximately 7 to 10 years. No funding has
been identified to initiate the MIS work for these projects prior to 2000 Measure A funding becoming available.
Project Schedule:
The New Rail Corridors Study will begin in mid-2005 with anticipated completion in 2006.
B-8 Valley Transportation Authority
Estimated Project Funding
Project Description:
(in Year of Expenditure Dollars):
Funding Source Amount
Local (2000 Measure A) $407 million (Phase 1)
Local (2000 Measure A) $2.53 billion (Phase 2)
Total $2.94 billion
VTA Board of Directors' Actions:
No action necessary.
Provides funding for design and construction of at least two future rail corridors. Candidate corridors are as follows:
• Sunnyvale/Cupertino;
• East Valley Extension to Guadalupe LRT;
• , Santa Teresa/Coyote Valley and potential extension south to Morgan Hill;
• Stevens Creek Boulevard;
• West San Jose/Santa Clara;
• North County/Palo Alto;
• Vasona LRT to Vasona Junction.
Project Development and Status:
Following the completion of the New Rail Corridor Study in 2006, at least two of the seven corridors will be se-
lected for further development and construction.
Project Schedule:
Project schedules for selected rail corridors will be developed following initial scoping and analysis.
New Rail Corridor Study
Rail Corridor Phase I Development
Rail Corridor Phase 2 Development - "
®Phase I Revenue Service ® Phase 211evenue Service
2005 2006 2023 2024 2028 2036
Long-Term Transit Capital Investment Program B-9
Project Description:
Estimated Project Funding
(in Year of Expenditure Dollars):
Funding Source
Amount
Local (2000 Measure A)
$300 million
Other Local Sources
$241 million
Total
$541 million
VTA Board of Directors' Actions:
No action necessary.
Provides a link to Norman Y. Mineta San Jose International Airport from VTA's Guadalupe Light Rail Transit
(LRT) Line on North First Street in San Jose, and from Caltrain and future BART in Santa Clara, using Automated
People Mover (APM) technology.
• Connection to the LRT will likely be at the Metro Station.
• Connection to Caltrain and future BART is anticipated along the Airport's northern perimeter road as an exten-
sion of the on-Airport APM, either between the centralized terminal and long term parking garage or in a tunnel
under the existing Airport runways.
• It is anticipated that the Airport will operate and maintain the APM system
Project Development and Status:
The City of San Jose designated the Metro Station corridor as the preferred corridor for an APM connection between
a centralized airport terminal and the Guadalupe Light Rail Line. The City is currently proceeding with detailed
alignment studies, conceptual design and environmental review for the APM connection to Light Rail.
Connection with Light Rail likely requires relocation of the northbound Metro Light Rail Station platform.
The connection between San Jose International Airport and CaltrainBART in Santa Clara would likely be devel-
oped in conjunction with the Silicon Valley Rapid Transit Corridor Project.
Project Schedule:
A specific project schedule will be developed as project elements are further defined. Funding for design and con-
struction of the Airport People Mover project is scheduled for FY 2010 through FY 2014.
B-10 Valley Transportation Authority
Estimated Project Funding
(in Year of Expenditure Dollars):
Funding Source Amount
Local (2000 Measure A) $2.6 million
Total $2.6 million
VTA Board of Directors' Actions:
No action necessary.
Project Description:
Increase bus service between Santa Clara County and Santa Cruz County over Highway 17. Provides VTAs share
of funds for the partnership with Santa Cruz County Transit District for additional buses and service upgrades for
the Highway 17 Express Bus Service.
Project Development and Status:
A plan for additional buses and service upgrades must be developed.
Funding commitment needs to be secured from the Santa Cruz Metropolitan Transit District.
Service will be implemented when ridership justifies increased service and operating funds are available.
Project Schedule:
A specific project schedule will be developed as project elements are further defined. Funding for improvements to
Highway 17 Express Bus Service is scheduled for FY 2011 through FY 2012.
Long-Term Transit Capital Investment Program B-I I
WIRM
Estimated Project Funding
(in Year of Expenditure Dollars):
Funding Source
Amount
Local (2000 Measure A)
$44 million
Other Local Sources*
$255 million
Total
$299 million
* Funding is based on Dumbarton Rail Capital Program.
VTA Board of Directors' Actions:
✓ Approved $1 million to contribute toward envi-
ronmental studies for the Dumbarton Rail Corridor
in a cost-sharing agreement with Alameda and San
Mateo Counties. (August 2004)
Project represents VTA's share of matching funds for a partnership with Alameda and San Mateo counties for the
rebuilding of the Dumbarton Rail Corridor. The Dumbarton Rail Corridor Project will extend commuter rail service
across the San Francisco Bay between the Peninsula and the East Bay by rehabilitating and reconstructing rail facili-
ties on the existing railroad alignment and right-of-way. Service will consist of six trains originating in the East Bay
and traveling west in the morning peak and six trains returning in the evening peak.
Project Development and Status:
The lead project sponsor and implementing agency is the San Mateo County Transportation Authority, who is pre-
paring the required environmental studies. The other funding partners are VTA, the Alameda County Congestion
Management Agency, the Alameda County Transportation Improvement Authority, and the Capitol Corridor Joint
Powers Authority.
The project is in the preliminary planning stages to form strategies for the environmental, design, right-of-way ac-
quisition and construction stages of the project. The initial planning, engineering, and environmental studies are
documented in a recently completed Project Study Report.
As part of the Project Study Report, a preliminary environmental analysis was prepared to identify environmentally
sensitive resource areas, and issues at an early conceptual stage of the Dumbarton Rail Project. The report also in-
cluded conceptual design for track, structures, grade separations and signals for the proposed project up to a 10 per-
cent engineering level of design. The next step in the study process will be to conduct the appropriate environmental
studies and documentation, including preliminary engineering of the design elements.
Project Schedule:
Environmental/Preliminary Engineering
Right-of-Way Acquisition/Final Design
- Construction
® East Bay Segment Service ®Dumbarton Bridge Service
2005 2006 2007 2008 2009 2010
B-12 Valley Transportation Authority
Project Description:
Project Description:
Estimated Project Funding
(in Year of Expenditure Dollars):
Funding Source Amount
Local (2000 Measure A) $48 million
Other Local Sources $202 million
Total $250 million
VTA Board of Directors' Actions:
No action necessary.
Project is to develop an expanded Palo Alto Caltrain Station and Bus Transit Center, along with an upgraded Uni-
versity Avenue between downtown Palo Alto and Stanford University. This is part of an overall master plan effort
by the city to improve transit, vehicular, pedestrian and bicycle traffic in this area and provide better connectivity
between downtown Palo Alto and Stanford University. Project elements under consideration include:
• Expansion of the Transit Center, to include additional bus bays, provisions for shuttles and other improvements
• Reconstruction of the Caltrain bridge over University Avenue to include four tracks to allow express train
service
• Redesign of University Avenue including roadway improvements and creation of an urban park.
Project Development and Status:
Caltrain and VTA will work with Palo Alto and Stanford to finalize specific project elements and identify additional
funds needed to complete. If fully funded, implementation could take up to 10 years and would probably be com-
pleted in several phases. Some elements of this project are not transportation-related and will require identification
of other, non-transportation funding. VTA has agreed to pay a proportionate funding share (for example, 20 per-
cent) as other funds are realized.
In January 2004, Congress awarded $750,000 under the Department of Transportation's budget for necessary engi-
neering design prior to construction of the Palo Alto Intermodal Transit Center. This is the second year Congress
earmarked funds for this project. The first earmark will fund environmental analysis preliminary to engineering
design.
Project Schedule:
A specific project schedule will be developed as project elements are further defined. Funding for improvements to
the Palo Alto Intermodal Transit Center is scheduled for FY 2030 through FY 2035.
Long-Term Transit Capital Investment Program B-13
Project Description:
Estimated Project Funding
(in Year of Expenditure Dollars):
Funding Source Amount
Local (2000 Measure A) $38 million
Total $38 million
V TA Board of Directors' Actions:
No action necessary.
Provide funds for VTA's share of additional train sets, passenger facilities and service upgrades for the ACE Com-
muter Service from San Joaquin and Alameda Counties.
Project Development and Status:
VTA is working with San Joaquin Regional Rail Commission staff to identify short- and long-term capital projects
for ACE service.
Project Schedule:
A specific project schedule will be developed as project elements are further defined. Funding for ACE Service
Upgrades is scheduled for FY 2016 through FY 2024.
B-14 Valley Transportation Authority
167
Estimated Project Funding
(in Year of Expenditure Dollars):
Fundina Source Amount
Federal (FTA)
$5 million
State
$0.3 million
Local (2000 Measure A)
$142 million*
Other Local Sources
$7 million**
Total
$154 million
*$136 million for ZEB vehicle purchase and construction of the hydrogen
fueling facility; $6 million for ZEB Demonstration Program.
Other local funding includes $6 million from the San Mateo County Transit
District and $1 million from the Bay Area Air Quality Management District.
VTA Board of Directors' Actions:
✓ Adopted low-emission diesel path and to demonstrate
ZEBs to comply with CARB regulations. (December 2000)
Project Description:
Replace 15 percent of the existing VTA active diesel bus fleet with new zero emission buses (as required for com-
pliance with CARB regulations). This project also provides funds for maintenance facilities for the expanded fleet
and CARB compliance. All new buses will be low floor for easier boarding by seniors and the disabled.
Project Development and Status:
VTA acquired three ZEBs in mid 2004. Revenue service for the ZEB demonstration program is expected to begin
in February 2005.
The hydrogen fueling facility at Cerone Operating Division is complete and the fueling facility is in use.
The National Renewable Energy Laboratory will be leading the ZEB Demonstration Program evaluation. The
evaluation will include analysis of vehicle operation, facility operating and capital costs, the implementation experi-
ence, and community acceptance. The evaluation will continue for 12 to 18 months after the start of revenue ser-
vice.
An interim ZEB Demonstration Program report will be submitted to the California Air Resources Board on July 31,
2005 and a fmal report will be submitted on July 31, 2007.2000 Measure A funding for the demonstration program
would supplement federal funds, which will continue to be available for bus replacement needs, but are not adequate
for fleet expansion and full compliance with California Air Resources Board (GARB) regulations.
Project Schedule
ZEB Demonstration Program
Fleet Procurement
- Fleet Replacement
2005 2007 2010 2015 2020 2026 2030 2036
Long-Term Transit Capital Investment Program B-15
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B-16 Valley Transportation Authority
S A N T A C L A R A
Valley Transportation Authority