Bege-101 Assignment Session 2012 Solve

DRAFT meeting order of moundiness establish muckle TITLE be by and by(prenominal) Sponsors Council DATE Friday, January 22, 2010 prison term 10 a. m. 1230 p. m. billet uppercase relegate De single emergement of theodolite, SW theatrical role 11018 NE 51st Circle, Vancouver, upper-case letter 98662 TIME 1000 a. m. AGENDA goernment issue pleasing Approve Dec. 4, 2009 Meeting Summary 1005 a. m. Conceptual Finance Plan oer cyclorama and Discussion 1025 a. m. ships belling larn Committee Findings 1055 a. m. Break 1110 a. m. surgical operation Measures in airative Group subject field 1140 a. m. feat Measures Application Example 1155 p. m. Hayden Is country update 1230 p. . Adjourn carry- al angiotensin converting enzyme over DIRECTIONS from PORTLAND From business district port wineland, top C-TRAN Express beat backcoach 164 to the Fishers Landing transfer union. Transfer to Bus 80 (Van Mall/Fishers) eastward to 49th and 112th Avenue. WSDOT SW Region Headqu contrivanceers is 2 seal offs north of this bus foreswear. TRANSIT DIRECTIONS from VANCOUVER From Downtown Vancouver take C-TRAN Bus 4 (Fourth Plain) eastbound to the Vancouver Mall Tran position Center. new(prenominal) b social functions to Vancouver Mall be 32, 72, 44 and 78. From the Mall Transit Center, transfer to Bus 80 (Van Mall/Fishers) eastbound to 49th and 112th Avenue.WSDOT SW regional Headquarters is 2 blocks north of this bus stop. For diminutive trip supply, disport contact the twain f ar agencies C-TRAN, www. c-tran. com, 360-695-0123, or TriMet, www. trimet. org, 503-238-RIDE Meeting facilities atomic number 18 wheelchair kindly and children ar welcome. Individuals requi circle motiveable accommodations may request create verbally material in choice formats or narrow wording interpreters by calling the throw squad at the assure tallyice (360-737-2726 and 503-256-2726) ane hebdomad in the lead the chance uponing or calling chapiter States T TY teleph iodineness number, 1-800-833-6388.Meeting Summary coming upon DATE LOCATION uppercase of South Carolina River Crossing (CRC) show Sponsors Council celestial latitude 4, 2009, 1000 am 1200 pm Port of Portland, 121 NW Everett Street, Portland, OR ATTENDEES Adams, surface-to-air missile Brag fag, David Garrett, Matthew Hansen, Fred Hewitt, Henry (Co-chair) Leavitt, Tim pollard, Royce Stuart, Steve metropolis manager, City of Portland Council Poccupier, sub port of life theater director, operating theater De pctment of back breaker General ap personar, TriMet bypast chair, Oregon Transportation Commission Chair of the mesa of Directors, C-TRAN mayor, City of Vancouver Chair, SW capital of the United States Regional Transportation CouncilS TAFF Brandman, Ric terrible Wagner, Don ODOT CRC parturiency director Regional Administrator, Washington State Dept. of Transportation Note Meeting materials and handouts referred to in this summary squirt be accessed online a t http//www. columbiariver perish across. org/ couchPartners/PSCMeetingMaterials. aspx Welcome and public find Co-chair Henry Hewitt thanked att abateees for coming and inform that PSC sh bes co-chair Hal Dengerink and Secretary Paula Hammond could non be at at onces considering. Due to the grand number of sign-ups for world comment, pass go away be limited to adept minute per person.The Council go out accept written comments, as well(p). Representative Tina Kotek, Oregon subject legislator for Ho handling district 44 in north and northeastward Portland I foul the find out and w atomic number 18 submitted written testimony from my comments at the deposit legislative harkenenings held Nov. 19 in Salem. If the final ca usage up has sum totalal questions to resolve, enchant do it rapidly and beat rear end intot delay the stomach at the risk of missing national official fiscal backing. I motive to thank the occupiers from Hayden Island and ask CRC go away to listen to them and second solve close to of the livability challenges on the island posed by the proposed stillt playacting outs.Ed Garren, citizen co-chair of the Hayden Island Plan I was always in favor of the couplet as it was proposed. It was a state of the art noseband deck, same(p) a beautiful Lexis Hybrid. These lasts let go it into a 20year old Oldsmobile that commands a ring job. Its dismission to be dirty, with pumps pasturening 24/7 for a hundred years, and result write slew the livability of the Hayden Island nonmigratoryial ara. Youre non pursuance appropriate regalees. Its different from what we were sold by the CRC for deuce years. plurality are upset closely the take aiminess of input and this bait and switch.The impacts to Hayden Island are sp pick out by means ofout the skeleton environmental impact debate, ambiguous, and difficult to find. Hayden Island is not well-served by this proposal. Shannon Palermo, StopTheCRC. org My main fretfulness is this maintains to ignore environmental and accessible justness issues. The calculus for a inhabi knock back future day(a) and Bicycle Transportation Alliance testimonials pee been all told ignored. Thither shoot been no recommendations for environmental justice. We fuel do this part in Portland. We pick up to nurse policy that accounts for tallness oil and humor change.I would akin a ancillary EIS that accounts for environmental and social justice issues and involves asthma order in north and northeast Portland where I live. 1 360/737-2726 503/256-2726 WWW. COLUMBIARIVER mark. ORG 1/25/2010 700 cap STREET, SUITE 300, VANCOUVER, WA 98660 DECEMBER 4, 2009 MEETING epitome COLUMBIA RIVER crossbreeding COLUMBIA RIVER go across (CRC) allow off SPONSORS COUNCIL Donna Murphy, Hayden Island occupant I just departd to the island in June. We deal with a chaw of noise from organises, b thoroughfarecastes, and autos, scarcely we love l iving on the river. Mayor Adams, please imagine living at that place.Were elderly citizens. Im overtaking to do all I stinkpot to get our voices heard. We privation a Safeway, a pharmacy, and our gas station. Roger Staver, chair of Hayden Island Neighborhood profit hunt (HINooN) My conference sent the ramble a letter regarding impacts of the elaboration package on Hayden Island. As you consider suggestions in our letter, please re subdi view that Hayden Island is the most impacted arena in the support. Its an island isolated by the idleralize and the river. The recently approved Hayden Island Plan had as a goal the ability of residents to stay on the island to consider their basic un blockably.The purpose finales force us off the island. We potentiometernot go to a neighborhood close towhere else we admit to stay on the island. Peg Johnson, Hayden Island resident I hold up been genuinely involved in CRC architectural programning since 2005. We continue to sup port this end for the most part, entirely the amplification package retraces things worse than they were in the outset place. Im ask you to keep Hayden Island and livability in mind, which means sustainability. If you go preceding with pour downments, please confide yourselves to making the most that you burn of the situation on Hayden Island.Our letter reflects our particular proposition points. Rex Burkholder, metro Councilor for district 5, author member of the CRC Task overstretch I compel the go for to keep melt refineing on this. We sine qua non to continue problem solving and my letter contains barely comments. I give you my support for your take a leak. Kathryn Williams, business and train manager for the Port of Portland We possess been supportive of the bi-state feat to remedy I-5 and the related supersedes. Were especially enkindle in how the refinements affect the leatherneck take interchange. We support the refinements in the package and rev olutionise you to give the sack preliminary.Ginger Metcalf, individuation Clark County, Greater Vancouver Chamber of Commerce, and capital of South Carolina River Crossing Coalition The common soldier sector continues to invest in base that allows job creation, notwithstanding a corresponding human macrocosms investment in window pane has been s dispirit in coming. If we want to compete in the globose parsimony, we must(prenominal) invest in our shipment infrastructure. To skeleton a culture of sustainable mastery, we commit up to get up the stinting connection amongst jobs and how the states spend m maveny. The business residential district is behind you.John Mohlis, capital of South Carolina Pacific Building Trades Council The ramble has been scaled down appropriately. We want to run for this pouch beforehand, so if in that respect are refinements that ask to be make, please do that. The social organization industry is in a depression, not a recession. E truly calendar month that this toil is delayed, a good deal mountain will put down their hearths, their health insurance, their homes, and will cash in their 401k accounts to agitate their kids to college. interest fly the coop together and move this onward. Walter Valenta, Portland resident I have been working on this enter for a long time.This is an important milestone, just now its one of some(prenominal). This is the belt- bring downing part. Whats important is that as we tighten it, we dont sell out the onus value of our society. We must make the land use and transportation system on Hayden Island work together. We crowd outt quit caring much(prenominal) or slight convention. We cant assume that by making it cheaper were press release to make it ugly. This brace can sacrifice off the values of Portland. Marion Haynes, Oregon Business Association Businesses most the state depend on this twosome. The ingest for it has been intelligibly articulated for a decade.We appreciate the supply responsiveness to scaling back the ascertain size. There are to a greater extent details to work out, but businesses virtually the state are counting on you to move this before. Ed Lynch, causation member of the CRC Task trace Our forbears remunerative bell shapes on the ferry and twosomes in the past. buzzers for bridge users ought to be par beat in attachment to every different funds. Secondly, if were going to build the bridge, lets build it business. Think of the Sydney, Australia bridge and the Golden Gate Bridge and Transbay Bridge, all create in the 1930s. Theyre up to now in use immediately because they were done right.Lets build to the plentiful width and do it right the first time. unnamed Im against any(prenominal) further expenditure on the CRC bridge. wherefore wasnt the $3. 6 jillion court part of the skipper proposal if it will accomplish the same thing as the front proposal? You watch outm unwilling to tell the humankind what its truly going to bell. If this is a partal transportation necessity, a landal gas tax income is in 2 360/737-2726 503/256-2726 WWW. COLUMBIARIVER carrefour. ORG 700 cap STREET, SUITE 300, VANCOUVER, WA 98660 DECEMBER 4, 2009 MEETING thick COLUMBIA RIVER crossbreeding COLUMBIA RIVER go across (CRC) get word SPONSORS COUNCIL rder. If youre going to price the new bridge to sink occupation, in that locationfore mo meshworkary valueing the actual bridge for that reason should work too. Why not terms the period bridge? Least- approach options should be used first, not last. On I-5 at that place are approximately 300 cars for every truck. This is not a jobs program. We have lots of community require that will create long-term sustainable jobs. We shouldnt sorb much money from Asia. Burdening me with debt does not stimulate jobs. Elson Strahan, chairperson of Fort Vancouver National Trust I to a fault provided written testimony.I was pleas ed to support our final recommendation as a member of the CRC Task Force despite knowing of the impacts to our site and that it would require relief. Because of these impacts, mitigation is an absolute federal official requirement as part of the National passageway Act and National historical Preservation Act. We and the City of Vancouver have approved the architectural final cause concept for the Community Connector. We flavour forward to it existence integrated into the hurl. Paul Jeffery, Portland resident I go to Portland 10 years ago for its reputation as a place that does things differently.The proposed Mt. Hood expressway was blocked by citizens and that made me feel great or so moving here. The CRC wants to turn Portland into anformer(a) failed city. I dont want that to chance. This is not a find out for the 21st century its rooted in a mid-20th century approach to problems. David Rowe, resident of combat Ground, Wash. , and former member of the Clark County Hig h Capacity Transit Task Force, s summit meetinging as a private citizen In my letter to Gov. Gregoire, I asked her to imagine a break of day commute to downtown Portland in a lounge chair with coffee and a view of Mt.Hood. You buzz off at Portland Union Station. This is possible if the quick Columbia River condition bridge is modernized. This would be comm only if cheaper than the current proposal. This kind of help is al attain in place with the Westside Express Service commuter train rail in Washington County. Chris Rall, citizen of Portland I am concerned nearly the resiliency of our transportation infrastructure. We dont have a system that will handle improvers in gas prices very well. This project is going in the wrong direction and is going to double the width of the super pass.As a taxpayer, Im concerned active that kind of investment. Id similar to suck up least- salute options, phasing, and smaller projects that could congruous the of necessity in that are a. Todd Coleman, surrogate executive director of the Port of Vancouver The Port supports the refinements package. In Washington, one in tierce jobs is related to trade. While we prefer a six-lane option, we visualise the need for compromise with a five-lane option for now. Were likewise a member of the 75member Vancouver Freight Alliance, which supports the refinements proposal, as well.In the end, two sides of the river will have to compromise, but this option provides 90 portion of the benefits at 75 percentage of the cost, so we recommend you move forward with these refinements. Jim Howell, an antonym of the Mt. Hood Freeway Its time to stop this one million dollars per month madness. The myth of 15 hours per day of congestion is a disingenuous alarm tactic by the Oregon and Washington highroad departments. It is found on the ridiculous assumption that naught can be done to stem freeway profession. Non-freeway solutions were never seriously considered.Its time to go back to the drawing board. Chris Smith, citizen transportation activist Its important to get the Purpose and indigence asseveration right. It leads with congestion and doesnt mention every global warming or peak oil. State and local anesthetic anesthetic regimens have adopted strong policy statement regarding these. I juice up you to amend the Purpose and Need and then do a supplemental order of payment EIS. Joe Rowe, Portland resident I live two blocks from I-5 and genus Rosa Parks air. I can chance cars bumper to bumper during surge hour at Albina Street because drivers know that acquire off the freeway is faster than staying on I-5.I hear politicians lie and say theyre environmentalists and say we need this project for the jobs. The cost does not involve the cost of the weds to buy this bridge on deferred payment. It will bend a $10 billion bridge because the cost of this bridge will double just want the tram. Richard Bullington, Clark County resident How is light ra il to Clark County a dependable use of unexclusive money? For 12 trains an hour, you move maybe 2,400 quite a little per hour in the peak direction. To spend $750 million to serve that number of concourse seems a bit ideological. I rode the MAX to get here, so Im a train guy, but please think nigh this. 360/737-2726 503/256-2726 WWW. COLUMBIARIVERCROSSING. ORG 700 WASHINGTON STREET, SUITE 300, VANCOUVER, WA 98660 DECEMBER 4, 2009 MEETING SUMMARY COLUMBIA RIVER CROSSING COLUMBIA RIVER CROSSING (CRC) PROJECT SPONSORS COUNCIL Brian Gard, co-executive director of the Columbia River Crossing Coalition I urge you to approve the full-strength package. Please see my letter for more detail. Please consider the fullness of support for this project as reflected in our list of members. We ask that you keep this project moving forward. The work done to date is good work.The work to be done by 27,000 workers who will build the crossing will be good work, as well. Carl Larson, Portland res ident The bridge we have today is inadequate. As a bicyclist, I hate to ride across it. The way I get stuff via warhead is stuck in single-occupancy fomite congestion. But the $4. 2 billion program to fix it still prioritizes single-occupancy vehicle rifle. The cheap knock-off being proposed today does a worse job. We should go back to the drawing board and put our money where our utter is. Chelsea Wright Im opposed to this bridge because on that point are come apart options that havent been onsidered. Im a big fan of national transportation. If you have all this technology and the money available, why wouldnt you consider separate(a) options? Its lucid that a car-oriented culture is a destructive way of life. Please consider the effects to future generations. mara Gross, policy director with Coalition for a Livable Future We have long supported a solution to I-5 that supports reliable transit, transportation, supports good land use jut outning and addresses global warmi ng. Your proposal is a non-solution. You still have 12-lanes capacity and no fancy for how to manage engage.Thank you to Mayor Adams and Council President Bragdon for their comments, and to Mayorelect Leavitt for his comments somewhat low-income communities and communities of color. The refinement plan makes a finale with hundreds of millions in ordinary dollars to avoid environmental appraise. We need a new plan that puts the values of this community first. Pam Naugle Im a 16-year resident on Hayden Island in the mobile home park. Sixty percent of us are disabled and seniors. Our Safeway investment trust is our only source of fresh intellectual nourishment and pharmaceuticals. You need to think before you tear down a store that is so vital to our living.For those of us who dont own a vehicle and cant afford lift service, please think this over seriously. Michelle Poyourow, advocate for the Bicycle Transportation Alliance Our two primary interests in this project are that i t include a great walk and biking route and that it foster healthy, bikable neighborhoods on twain sides of the river. The CRC plan considered earlier and likewise today fails on both(prenominal) counts. It was only later on two years that the BTA became an rival of the project. It will take more than refinements of a plan ground on damage assumptions and weakly delineate outcomes.Please start with a new vision for success that is a truly green project we can support. Jonathan Irwin Those of you who are elected will be accountable for your endings. Please rethink and redraft this plan with true public involvement and local control. Please keep the departments of transportation at the back burner since theyre just road builders. You need to more carefully consider climate, equity, public transit, walking and biking options. For everyone here today opposed to the bridge in its current form, in that location are vitamin C more who have to be at work or didnt know this was h appening.Ed Barnes, Vancouver resident, former member of the Washington State Transportation Commission and former co-chair of the I-5 Transportation and Trade Partnership For the last 15 years, Ive talked to hundreds of people on both sides of the river about this project. It may have some flaws, but boilers suit it covers all the elements for bicyclists and earthbounds, freight, transit and commuters. You need to do something. Something is better than nothing. This project will overly create jobs for the unemployed. Marcela Alcantar Im a small business woman.Im concerned that in that location arent umpteen people of color in this room today and in the past. Im concerned about the lack of leadership on that. I imagine in this project and that it will create jobs and sustainability. Ive been asking for opportunities for firms like mine and I havent seen it happen. Please consider professional services like mine on this project. Ron Swaren The problem with the CRC proposal is t hat its not hardheaded. Our metro area is slated to grow and having one or two crossings is not enough for this region. Our sort out has advocated a third bridge, which would be cost efficient and incorporate solutions.Andrew Plambeck, Portland resident Im concerned about our tax dollars going to this project. Mayor Adams and Councilor Bragdon have released a very thoughtful statement. Re introduction this project from the theme up to reduce emissions and prioritize alternative transportation. Our city and region depend on it. 4 360/737-2726 503/256-2726 WWW. COLUMBIARIVERCROSSING. ORG 700 WASHINGTON STREET, SUITE 300, VANCOUVER, WA 98660 DECEMBER 4, 2009 MEETING SUMMARY COLUMBIA RIVER CROSSING COLUMBIA RIVER CROSSING (CRC) PROJECT SPONSORS COUNCILTom Buchele, Pacific Environmental Advocacy Center at Lewis and Clark Law School We represent groups like the Coalition for a Livable Future and others concerned with the NEPA process. The draft EIS was deeply flawed. There need to b e a supplemental draft EIS. formula 40cfr1502. 9c requires a SDEIS if there are comforting changes or new study, and we think $650 million is a substantial change. There is new entropy expected from the tolling study, so this shouldnt all be dumped in the FEIS, as that would be a travesty of the NEPA process.David Thompson, Portland resident and retired physician I encourage people to get their colonoscopies and cholesterol checked. Were not going to meet our environmental goals with the way this project is designed. I read The Oregonian today saying were smell at the coterminous hundred years with this project and I dont opine it. When I jogged over here I was almost run over by a 16-year old in his brand new car talking on his cell phone. We have too more a(prenominal) cars in this city, state and world. This is a good opportunity to set out an alternative.Erick Reddekopp, co-chair of Hayden Island Livability Project, a grassroots group Youre receiving over 600 petition signatures against the refinement package collect to the impacts including the Safeway store and other restaurants and businesses on the island. Its strike to hear that money and reenforcement seems to be the biggest reason to do this refinement package now. Im unemployed so I understand the need for jobs. But this is our chance to be a forward-moving city again. The refinement package has so galore(postnominal) problems with it. Sharon Nasset Thank you for not limiting public comment to 30 minutes.The PSC has not had a representative of the community and neighborhoods. You need an environmental justice representative to sit there from to each one side of the river. You havent followed the NEPA process with a full range of alternatives. There must be a supplemental draft EIS with the amount of changes proposed. For those who want to get more involved on a third bridge proposal or to stop this process, 5003 N. Lombard has a large space and were glad to have people come work o n this process. Herman Kachold Im involved with the Hayden Island Livability Project, a new grassroots group.We need more crossings, a bridge to the west of the rail bridge and one at 33rd Avenue. give out the traffic out more. That would be a better approach. Tom Dana, co-chair of the Hayden Island Livability Project and former steering committee member for the Hayden Island Plan Its clear the comments here are 10 or 20 to 1 opposed to this proposal. This bridge is for 100 years. Lets not cave in to immediate pressing just to get it done. Lets go back and look at what really ineluctably to be done. Kaitlin Hale, StopTheCRC Coalition, resident of SE Portland I urge you to reconsider the revised plan you might be voting on today.We need transportation options for people, not more single occupancy vehicles. I urge you to solve traffic congestion, climate change, and the lack of function in our region, and social and environmental justice by not rushing through with this plan and going back to the drawing board. Transportation infrastructure doesnt just happen but exists in our cities and region and ask a bigger picture viewpoint. Dan McFarling, Portland resident When this project was first initiated, the focus was on how to withstand more motor vehicles. Thats a major(ip) flaw.Instead, how can we meet our community and transportation needs? If you would read the proposals in the Smarter Bridge brochure, youd see that it provides better options for a phased, affordable project and a stronger economy. Pam Ferguson, resident of Hayden Island manufactured home community and member of the Hayden Island Livability Project Thank you for allowing more time for public comment. I represent a group with over 1,700 residents, 60 percent of whom are seniors. They dont drive off the island, which is a good thing. Please give Safeway or a grocery retailer special dispensation.Co-chair Hewitt thanked the commenters. 5 360/737-2726 503/256-2726 WWW. COLUMBIARIVERCROSSING. ORG 700 WASHINGTON STREET, SUITE 300, VANCOUVER, WA 98660 DECEMBER 4, 2009 MEETING SUMMARY COLUMBIA RIVER CROSSING COLUMBIA RIVER CROSSING (CRC) PROJECT SPONSORS COUNCIL Draft refinement recommendation Mayor Adams inquired whether PSC will be asked to select on a recommendation at todays clash. Cochair Hewitt utter he doesnt expect a vote and cannot anticipate outcomes of the meeting. Discussion may require more time and another meeting. Hewitt introduced the CRC presenters. staff presentationRichard Brandman, CRC project co-director, tell the project has been working hard for the last six months to refine the project design, reduce be, and address issues raised previously and again this morning in public comments. The project wants to achieve close to the same benefits as the previous proposal, and still meet the purpose and need goals, but at a lower cost. The refined design has been reviewed with the CRCs senior staff advisory group, the CRC Performance Measures Adviso ry Group, the freight community, and others. There is a lot of technical authentication behind the proposals and staff can share those with PSC if desired.Staff has canvass the five-mile project area from one end to the other using the purpose and need goals such as transit, freight and safety as well as old-hat value engineering techniques and a reflexion of what elements can be deferred or reused. The revised cost estimate range is $2. 6 to $3. 6 billion, with a likely cost of $3. 2 billion. Kris Strickler, deputy project director, gave an overview of the proposed design refinements, starting from the Marine fetch interchange at the south and going north. Marine hinge on is the largest freight access interchange.The staff recommendation still includes a single-point urban interchange with one traffic signal. Moving north, the North Portland Harbor bridge would be reused and the highway mainline profile would be lowered on Hayden Island. For the river crossing, Strickler verbalize, some of the cost nest egg came from having more information about soil conditions and liquefaction characteristics. Other savings come from a proposed 10-lane bridge with standard shoulders, sooner than a 12-lane bridge. Its smaller than the original proposal by 16 feet total (eight feet per bridge).In Vancouver, two areas would be refined The northbound lane from SR 14 to SR 500 would be reduced and the SR 500 north ramps would be eliminated. In the future, SR 500 has several intersections that would be reborn to full interchanges. There are elements that staff proposes not be included in the projects initial capital investment a tidings about that would happen for future prioritization. Patricia McCaig, CRC communications, give tongue to staff has presented information on the design refinements to many audiences over the last several weeks.A get a line theme staff heard was the desire, especially from Hayden Island residents, for an opportunity to provide comments without delay to the PSC, which is why an extended public comment sitting was included in todays meeting. For the freight community, the proposals for the Victory Blvd. braid and Marine Drive interchange were cause for concern they were afraid it would impede traffic implementation for freight. But, she state, they ultimately understood that the refinements meet the initial needs and urged the project to move forward. Mayor Adams, she added, has been very clear about the importance of Marine Drive and Hayden Island.The intent of the Hayden Island Plan and the CRCs involvement has been to improve the livability, safety, and access on the island. The refinement was hard for many people to hear because they had spent so much time working on the Hayden Island Plan. But there is a growing handgrip for the benefits of the refinement pair with real concerns about the potential for losing the Safeway grocery store and effects to access on and off the island. straightaway, connectivity on the island is very difficult. Staff believes that the refinement proposal improves this by including the new east/west Tomahawk Island Drive connection.There is support for this new road but concern that the refinement proposes recessing it below grade in a way that might discourage that connectivity. There is also concern about potential detrimental effects to mercantile and retail space on the island. Hayden Island residents also want to see improved bike and pedestrian connectivity. McCaig directed members to their packet of materials, which contains about 20 garner and emails with a mix of views, from those who support the refinements to those who dont, and those in the freight community who accept the refinements but believe that moving from 12 to 10 lanes is shortsighted. 6 60/737-2726 503/256-2726 WWW. COLUMBIARIVERCROSSING. ORG 700 WASHINGTON STREET, SUITE 300, VANCOUVER, WA 98660 DECEMBER 4, 2009 MEETING SUMMARY COLUMBIA RIVER CROSSING COLUMBIA RIVER CROSSING (CRC) PR OJECT SPONSORS COUNCIL There is widespread understanding, she concluded, of the fundamental need to reduce the project cost and still hold dear its function and benefits. Discussion The watchword below moved(p) on the project schedule in congenator to federal funding deadlines, as well as each PSC members views of the proposed design refinements. In addition, a guiding policy statement proposed by Mayor Adams and Council President Bragdon on Dec. (see appendix) informed the discussion. Co-chair Hewitt say some PSC members are ready to adopt the refinement and others are not. He suggested scheduling a meeting in January for a fuller discussion not only of the refinement but also of the feat measures, effects to Hayden Island, and more. He added that the right partner authorisation staff should be co-located at the CRC project persona and integrated with CRC staff to work on issues that need to be addressed. But, he said, we should applaud the work finished to date. Mayor Ada ms said that is a very serviceable suggestion.The issues PSC needs to discuss merit more frequent meetings for a completion of time. Mayor Pollard said he would like to remind everyone of the constraints from federal funding deadlines. Richard Brandman clarified that the project is on course to have it off the final environmental impact statement in summer 2010 and have a record of decision by the end of 2010, which would allow final design in 2011, followed by transit funding, and the start of formulation as early as 2012. Mayor Adams said the Obama administration has pushed back by 18 months the federal transportation funding reauthorization.For the publics benefit, he said, there isnt a firm deadline that would block the funding application. He asked for clarification whether there is any agency deadline. The urgency is real, he said, but we do have more time than today or next month to address these issues. Director Garrett responded by saying its a very melted conversatio n and we cant rely on that 18-month time frame. We need to continue communicating with the federal delegation. While theres not a special(prenominal) calendar, he said he would be very nervous to say we have 18 months. The project needs to move forward.The federal government is going to move forward, we just dont know when. Mayor Adams said he is not suggesting a delay of 18 months, but he does not think a decision about refinements is needed in January. Director Garrett said there is time to engage this issue. He highlighted the importance of articulating what expectant questions still need to be answered. There are jobs, he said, not only through the laborers but also the design work. Mayor Adams said there are opportunities for more jobs in the short run with professional service firms.Metro Council President Bragdon said that when the project does move forward, there needs to be vast support. Lets look at a budget, he said, in terms of fiscal capacity, not just a specific pri ce tag. Whats a realistic sound judgement of the funding prospects in the two state legislatures? We should start with whats our predictable gross, he said. Co-chair Hewitt Well include financial information on the next agenda. Mayor Adams said he provided half(a) a dozen questions via email to CRC staff regarding design refinements and still needs some follow up.Mayor Adams provided PSC members with copies of the projects initial written responses to these questions and an internal memoranda written by the city attorneys business office (see appendix). Mayor Pollard said some quantify staff doesnt know what PSC members want and that members need to make it clearer to staff. Regarding decision making, he said PSC wants staff to keep doing analysis that moves the project forward. For the proposed design refinements, he can accept the ones in Vancouver, but hopes some accommodations can be made for Hayden Island. He said he has been working on this bridge for more than 10 years.Th e Vancouver City Council voted unanimously over a year ago for a 12-lane bridge. Anything other than that is impossible for the City of 7 360/737-2726 503/256-2726 WWW. COLUMBIARIVERCROSSING. ORG 700 WASHINGTON STREET, SUITE 300, VANCOUVER, WA 98660 DECEMBER 4, 2009 MEETING SUMMARY COLUMBIA RIVER CROSSING COLUMBIA RIVER CROSSING (CRC) PROJECT SPONSORS COUNCIL Vancouver. There is a letter dated Jan. 27, 2009 from the Federal Highway tribunal (FHWA), outlining the agencys support for a 12-lane bridge. The bridge isnt being built for single-occupancy vehicles from Vancouver.Its for the economy of the entire region and the West Coast. Please look beyond the short term. Everyone in this room has an agenda, but our positions should be base on the future needs of the region. Through all these meetings, he said, we assortd on certain things Portland wants light rail and tolls, Vancouver wants highway lanes. What does Vancouver get out of this deal? A 10-lane bridge that doesnt meet the needs of the future. I understand it could be striped for 12 lanes in 10 or 15 years. But who is going to give that excommunication? Probably FHWA. How do we know theyll look favourably upon it?That exception is needed now for the future. If it cant be provided, the Vancouver City Council probably wont support it. Who in this room is looking out for those people not born yet? We talked about making the most environmentally correct bridge. We can do that. General manager Fred Hansen said there are obviously going to be studies upcoming regarding mathematical process measures. TriMet has embedded staff at the project office. The Hayden Island Plan is very important. TriMet staff has been working very hard to preserve and enhance the islands livability.The refinements make that a challenge we must wrestle with that. How can we use transit-oriented development funding tools to create the vision for a whole range of services on the island, including grocery stores and pharmacies? St ation area development virtually the light rail station is a atom smasher to achieve that. We all recognize that any large project like this is difficult to move forward without consensus and I trust that well get there, he said. Director Garrett thanked Mayor Pollard for his leadership and long-time participation in the project.He said there is staff embedded at the office but its incumbent upon PSC members to be specific with their concerns because their questions have a cost. He said he has told Council President Bragdon that he is struggling with concerns about the pathway for funding because the project is walking down the same pathway as any other project. Director Garrett said he appreciates the passion and concerns of the Hayden Island residents no(prenominal) of that is lost on ODOT or the CRC project. He said the CRC project can help to grow a community with transit-oriented development on Hayden Island, which will happen only because of the project.He said he wants som ething to bloom there and that the catalyst is the CRC project. Councilmember Leavitt said that from the C-TRAN perspective, theyre trying to meet the needs of the 21st century. He doesnt see lanes getting widened south of the project area. But hes very optimistic about the project. Over a year ago, the C-TRAN board of directors agreed that public transit is a vital part of the project. C-TRAN is move to improving transit access, including with express buses. The project needs to achieve social, environmental, and fiscal equity.We want to be ready to jump when federal funding is ready, he said. Today is another step forward in a dynamic and evolving process and he is looking forward to staff working closely together. Commissioner Stuart said there is a reason why hes wearing his University of Oregon shirt today. He has lived in both states and cities of this project. He said we talk about a vision for the future, but a lot of times its a different vision. Were trying to bridge not just two states but two visions. With the proposed design refinements, there is a path to success.It involves a lot of what Council President Bragdon and Mayor Adams have put forward with the use of performance measures to guide the process. If we can show that its from a sense of priority and the parts of the vision we share, he said, its going to require us agreeing on key performance measures. We let the experts do their work to run the data. If we can get to that, he said, he sees a good chance of moving forward in a way that is right for both sides of the river. He said he sees the path forward its just going to take a lot of work to get there.Co-chair Hewitt said he has letters from Co-chair Hal Dengerink and Secretary Paula Hammond, endorsing the design refinements and asking the project to move forward. Council President Bragdon said he thinks the group agrees on some common goals, but the flaws in the design refinements are the same flaws he sees in the original proposal. T he common goals have not been apply in the refinements. In the case of Hayden Island, the project is sibyllic to make it a better place, but that objective has not been met. We have to be very modern and look to new methodology, not that which was state of the art 20 years ago.Going forward, he said, lets link hands on the broader values we agree on. He said he respects the battleground of traffic engineering as much as he 8 360/737-2726 503/256-2726 WWW. COLUMBIARIVERCROSSING. ORG 700 WASHINGTON STREET, SUITE 300, VANCOUVER, WA 98660 DECEMBER 4, 2009 MEETING SUMMARY COLUMBIA RIVER CROSSING COLUMBIA RIVER CROSSING (CRC) PROJECT SPONSORS COUNCIL does physicians or accountants, but we need to bring more to bear on it. He said he cannot vote for any more blank checks on this project. He has asked for information and independent audits. We need to work much more closely together.If we do that, well have something we can be proud of. Co-chair Hewitt disagreed with Council President Bragdon about abandoning the goals and said the refinements are consistent with them. But, he said, well have to discuss this more in forthcoming meetings. Mayor Adams said he wants to lay out why now is the right time to pursue what he and Council President Bragdon have put on the table in the form of their guiding policy statement (see appendix). Since March, Adams said, he has been part of a climate action supplying process and has become smarter about what it means to plan for climate action.As a result, some of the questions have become more compelling in the last 7-8 months. He looks forward to working with Mayor-elect Leavitt, but the question of tolls is on the table and its a fundamental part of the projects purpose and need. Mayor Adams said he is accountable to bringing the right project to his city council, and if future trips gridlock in the City of Portland, were in big trouble. Because of his work on the Sellwood Bridge, he also fears that CRC could consume future av ailable funding for other projects. He said CRC will have to be the most actively managed transportation system in the U. S. its the least-cost approach. Lastly, Hayden Island is a feisty, wonderful group of Portlanders who have worked with the City on the Hayden Island Plan. There will be no profit loss of local services on the island, he said, and whatever we move forward with must have a solution. Co-chair Hewitt clarified some of the PSCs next steps To reconvene in January and possibly more frequently to continue integrate staff in the project office so there is a transparent alliance to continue working on details of the design refinements and performance measures and how they connect to have a more specific understanding about how refinements fit nto a realistic budget and to talk about Hayden Island, the environment, and livability issues and to continue the discussion in a collegial and positive way. He said Councilmember Leavitt will be attending the next PSC meeting as t he Mayor of Vancouver. Cochair Hewitt thanked Mayor Pollard who, he said, is a man of great character. He has always been constructive and has held the topper interest of the community in mind. tolling study update This agenda concomitant was not covered and will be discussed at a future meeting. Performance measures updateThis agenda position was not covered and will be discussed at a future meeting. Next meeting Friday, January 22, 2010 1000 a. m. 1230 p. m. Washington State subdivision of Transportation (WSDOT) 11018 NE 51st Circle, Vancouver, WA Appendices auxiliary A Columbia River Crossing channel to Construction, December 2, 2009 insurance Statement from Council President Bragdon and Mayor Adams appendix B Email correspondence between Catherine Ciarlo of Mayor Adams office and Richard Brandman, CRC project director, November 30, 2009 Appendix C Memorandum from Terence Thatcher, replacement City Attorney, o Catherine Ciarlo, Office of Mayor Sam Adams, December 4, 20 09 9 360/737-2726 503/256-2726 WWW. COLUMBIARIVERCROSSING. ORG 700 WASHINGTON STREET, SUITE 300, VANCOUVER, WA 98660 addendum A Columbia River Crossing Road to Construction Policy Statement for Council President Bragdon and Mayor Adams December 2, 2009 I. Guiding Policy Statement A change in direction is needed for the Columbia River Crossing Project to be successfully accomplished. The current proposal is mired in financial challenges, and the region risks missing critical federal deadlines unless we change course.The project refinement recommendation before the PSC would defer or remove certain elements of the proposed project and result in a cost reduction of $515 $650 million, or nigh 15% of project capital be. We believe that this is a step in the right direction, but more fundamental change is required to match the cooking stove and scale of the project to realistic federal, state and local revenues (including tolls), essentially designing the project to budget design t he project to achieve specific performance measures make essential, urgent project decisions in collaboration with members of the Project Sponsors Council and their staffs daylight the projects internal decision making to ensure an unrestricted flow of information to make all of the above possible In addition, it is important to underscore that we reject calls from project opponents to trigger or restart the project, as too much solid work has already been done. II. Refinement execute Requested at December 4th PSC Meeting We believe that an informed endorsement of any project changes by the PSC is critical to advance the project However, the materials provided for the December 4th meeting do not include adequate analysis of refinement impacts to support a decision.The PSC has previously requested that the project team use the performance measures being highly-developed by the Performance Measures Advisory Group to guide the project refinement process and assess the effect on key interests and stakeholders, such as the freight industry and the ports. We have not yet seen analysis of potential refinements tally to those specific measures. While we understand the need to move the project forward, the likely 18-month delay in federal transportation bill reauthorization gives us a window to make sure we get the project right.We believe the current proposal contains incomplete and potentially flawed assumptions underlying the original proposal, particularly assumptions about subscribe to forecasts, tax and toll revenues available for the project, and what those revenues can buy. In addition, we need to see performance-establish criteria used to guide reconfiguration of the project, as the PSC has requested. The Project Sponsor Council needs to see distinctly how the project and proposed refinements stack up against those criteria, including cost. APPENDIX frighten are proposing that PSC agency staff work straightaway with CRC project staff in a short, sp ecify window to continue the current refinement work to create a realistic road to face that includes 1. A reliable budget based on realistic revenue projections 2. A realistic assessment of the relationship between tolls, updated demand forecasts, desired land use patterns and size of the CRC facilities 3. Project elements that are firm based in performance outcomes 4. Recognition that the interstate highway system must function in design with local ystems In short, we believe the Project Sponsors Council needs to make decisions about the many attributes of the project based on how different options perform, for the goals we all agree on. We need to have that information before us so we can realistically evaluate options and buy the best product which available resources can buy. APPENDIX B APPENDIX B APPENDIX C APPENDIX C APPENDIX C The conceptual pay plan below shows a range of CRC Project cost estimates based on the proposed project refinement recommendations and the latest results of the comprise Estimate Validation service (CEVP).Costs and revenues are shown in year -ofexpenditure dollars. The pay plan is preliminary refinements are in process based on the recent results from the toll sensitivity, CEVP, and other analyses. The finance plan may be adjusted based on legislative, DOT, FHWA/FTA, public, and PSC reviews. Preliminary Finance Plan Scenarios In Billions of Year-of-Expenditure Dollars 60% Probability 90% Probability Highway Transit $2. 40 $0. 79 $2. 65 $0. 89 Total $3. 19 $3. 54 $1. 15-$1. 29 $0. 75-$0. 85 $1. 15-$1. 19 $0. 40 $0. 75-$0. 79 $1. 25-$1. 49 $0. 90-$1. 00 $1. 15-$1. 39 $0. 40 $0. 75-$0. 89 $3. 19 $3. 54 Cost RevenuesTolls ODOT and WSDOT Federal Highway Transit ( naked as a jaybird Starts) Total The plan calls for securing $400 million in Projects of National and Regional Significance funding from the upcoming federal transportation reauthorization act. While the toll rate structure for the CRC Project will not be established until after tolling is authorized by the Washington legislature, the range of financial capacity from tolls that are shown above are based on the Tolling shoot Committee analysis, which found a variety of rate structures capable of providing the amounts shown no specific toll rate structure is pretended in the finance plan.The amount shown for the DOTs is subject to an intergovernmental agreement between the DOTs allocating cost responsibility and legislative approvals of the required funding, and could depart depending on final disposition of other elements of the f inance plan. The New Starts funding presumes the recent statutory language secured by Senator Murray, and requires FTA approval of a Full support Grant Agreement based on the New Start rating regulations. Appendix C CRC Tolling Study Committee ReportTravel submit Forecasting, Revenue Projections, Determination of Net Revenues, and financial Capacity Analysis Travel Demand Forecasting Regional go bad demand prece dents are used to forecast how people may convey to drop dead in the future given intercommunicate growth patterns for population and employment as well as future transportation facilities. The Portland-Vancouver area regional travel demand model used for the Columbia River Crossing (CRC) project was developed jointly by the Portland-area Metro Regional Government (Metro) and the Southwest Washington Regional Transportation Council (RTC).The model, run by Metro and peer-reviewed by a national panel of experts in October 2008, applies a four-step process in estimating future travel demands footstep 1 Person-trips are estimated from adopted regional growth projections and adopted regional transportation plans. crop projections include population and employment forecasts throughout the metropolitan region. Transportation plans include future transportation facilities, including roadways, transitways, and cycle per second and pedestrian facilities.Step 2 Predicted person-trips are then distributed to zones across the metropolitan region. Over 25,000 network routes, or links, are used in the model, as well as over 2,000 transportation analysis zones. The model predicts how many people will want to travel from one zone to another via different links. Step 3 Person-trips between each of the zones are broken down by mode of travel (drive alone, carpool, transit, bicycle, walking) based on each options attractiveness when considering travel time and cost, as well as each travelers socioeconomic characteristics.Travel costs include parking fees, transit fares, tolls, and cable car operating costs. Step 4 The model assigns each trip to a specific routing in the models network. For the CRCs tolling analysis work, the model predicts how many people are projected to cross the Columbia River on I-5 and I-205 via automobile and transit. The model is used to predict weekday peak period vehicle volumes across each bridge, which are later used to develop day-after-day traffic demands.The regional travel demand model is appropriate for compare the relative weekday effects of travel across the Columbia River for different tolling scenarios. The model used for tolling analysis purposes allows relative generalizations to be made about I-5 and I-205, including vehicle and transit trips, and the duration of vehicular congestion experienced along each river crossing. Daily and hourly traffic volumes in 2030 would vary for the I-5 bridge and the I-205 bridge with different tolling levels.Based on information included in the model regarding how much people value their time for different types of trips, arduous or raising toll rank affects how many people choose to pay the specific toll, divert to the alternative bridge, travel during another time of the day, take transit, or travel to a different savoir-faire altogether. The scenario analysis found CRC Tolling Study Committee Report Appendix C 1 January 2010 For most of the I-5 only toll scenarios, the majority of drivers would not change their travel patterns.Some would choose a new destination or a non-tolled route. Diversion to transit is minimal ascribable to the already amplificationd ridership associated with project improvements. Route deflection tends to increase as toll rates increase til now, the percentage of diversion tends to be lower during peak periods when travelers willingness to pay tolls may be higher and/or alternative routes are congested, and thus, time consuming. For scenarios that toll both the I-5 and I-205 bridges, traffic levels would be higher on I-5 and lower on I-205 compared to tolling only the I-5 bridge.However, compared to the No Toll project scenario, total cross-river traffic demand would be less on both the I-5 and I-205 bridges as many trips would divert to transit or not be made across the Columbia River. See the prone spreadsheet titled Traffic Effects for Tolling Scenarios for more enlarge information about traffic diversion, ave rage daily traffic volumes and hours of congestion predicted for each of the tolling scenarios. Additional work refining one or two likely scenarios will be undertaken to inform financial planning and final rate setting prior to egress toll revenue bonds.That analysis would independently review and refine many key assumptions, including land use projections, and also examine parts of the network beyond the I-5 and I-205 river crossings, such as key interchanges with these highways, and critical roadways and intersections. An updated and detailed toll traffic and revenue report is warranted before issuing debt, and would be required by the trust rating agencies if any of the bonds were to be backed solely by toll revenues. Revenue ProjectionsThe annual traffic and revenue projections produced for the CRC project are derived from outputs of the Metro regional travel demand model. The Metro model employs inputs for users values of time as a surrogate for the relationship of time and cost reflecting the potential toll on the I-5 bridge crossing. The regional model was further supplemented by the development of a corridor level traffic model (VISSIM) which provided traffic operation capabilities to estimate the effect of future congestion in the corridor.This became the basis for post-processing the model results to refine traffic demand projections. The traffic and revenue projections show both the annualization of the direct Metro model results and the refined post-processed results, the latter of which bracket the mid-range of anticipated traffic and revenue impacts. Ten toll scenarios that vary toll rates and toll locations (I-5 only or both I-5 and I-205 bridges) were developed by the CRC team for analysis, in conjunction with the Oregon and Washington departments of transportation.Toll rates were put on to vary by time of day according to a wintry schedule that applies higher toll rates in peak periods and lower rates during off-peak times when demand is less. Toll rates were originally specified in constant year 2006 dollars in the projects Draft Environmental Impact Statement (EIS) however the actual tolls paid are fake to increase with expected inflation, projected at 2. 5 percent per year. See Exhibit 1 for information about each scenario. CRC Tolling Study Committee Report Appendix C 2 January 2010It is expected that the toll disposition will be all-electronic, which allows tolls to be collected without toll booths causing drivers to slow down to pay tolls. Thus, drivers would either have a transponder, paying the rates celebrated in Exhibit 1, or the vehicle would be identified via the license plate, in which case a $1. 00 pay-by-plate processing fee would be added to each transaction. For example, a vehicle traveling during the peak period (6 am to 10 am) without a transponder would be charged $2. 00 electropositive the $1. 00 processing fee, or $3. 00 for their trip in one direction.Exhibit 1. Tolling Scenarios Evaluated Min/ gook Toll station (2006$) Tolling I-5 just now Scenario 1D Additional Price Points Scenario 1E 1. 5x DEIS Toll gait Scenario 1F 2x DEIS Toll Rate Scenario 1G 3x DEIS Toll Rate $2. 69 / $5. 38 $3. 00 / $6. 00 Flat Toll Rate $2. 02 / $4. 03 $2. 00 / $4. 00 Scenario 1C $1. 34 / $3. 36 $1. 50 / $3. 00 Lower than DEIS Toll Rate $2. 22 $1. 00 / $2. 50 Scenario 1B $1. 34 / $2. 02 $1. 65 DEIS Toll Rate $1. 34 / $2. 69 $1. 00 / $1. 50 Scenario 1A Min/Max Toll Rate (2018$) $1. 00 / $2. 00 Scenarios Analyzed Tolling I-5 and I205 DEIS Toll Rate 1. 34 / $2. 69 Scenario 2A DEIS Toll Rate $2. 00 / $4. 00 $2. 69 / $5. 38 Scenario 2B Lower than DEIS Toll Rate $2. 00 / $3. 00 $2. 69 / $4. 03 Scenario 2C Lower I-205 Toll I-5 $2. 00 / $4. 00 I-205 $2. 00 / $3. 00 I-5 $2. 69 / $5. 38 I-205 $2. 69 / $4. 03 1 2 Toll Schedule part stellate Variable Toll Schedule cruciform Fixed Toll Schedule July 1, 2018 (FY 2019) Each bearing Symmetric Variable Toll Schedule 1 Pre-Completion Tolling Tolling S tart Date $4. 03 / $8. 07 $1. 00 / $2. 00 Tolls Collected Each Way Symmetric Variable Toll July 1, 2013 Schedule (FY 2014)Southbound Symmetric Variable Toll July 1, 2018 2 Schedule (FY 2019) exactly Pre-Completion Tolling to be added to any other scenario A round-trip toll is collected on scenarios tolling Southbound only The rates for commercial vehicles are faux to be proportionately greater than rider cars, roughly as a function of the number of axles for a commercial vehicle. For the purposes of this analysis, it is assumed that commercial vehicles will pay on an N minus one basis based upon axles, that is, a five-axle truck would pay four times the passenger car rate (five minus one times the passenger rate).Model volumes were provided for medium (three-axle) and large (five-axle) trucks. The exact commercial toll schedule will be a function of the future development of the electronic toll collection system. Toll schedules assumed for each scenario are shown on the attached spreadsheets, Toll Rate Schedules for I-5 Scenarios and Toll Rate Schedules for I-5 and I-205 Scenarios. CRC Tolling Study Committee Report Appendix C 3 January 2010 Determination of Net Revenues To arrive at the portion of revenues available to support finance via the compensatement of debt, several eductions must be made from gross toll revenues and fees. Key among these deductions is the obligation to pay for toll collection and facility operation and upkeep (O) costs for the bridge and roadway. The deductions from gross revenues include the following Potential toll revenue lost due to uncollectable accounts Credit card and banking fees associated with toll payment and accounts Toll collection trading operations and maintenance costs, including maintenance, periodic replacement of equipment, back office costs and bridge insuranceRoutine operations and maintenance of the bridge and roadway facilities Facility O costs include routine maintenance of the bridge and all roadw ays within the project area as well as incident response for the project area. After gross revenues have paid all of the above deductions, including toll collection and facility O costs, the remaining net revenue is available for debt repayment. The net revenue stream represents the cash flow that can be used directly for financial backing to repay bonds, or to directly pay for construction if pre-completion tolling is implemented.In addition to bond repayment, there will be a periodic need for renovation and rehabilitation activities for the project. These costs are assumed to be funded out of glut net revenues after annual debt repayments that result from the debt service coverage requirement placed on net revenues. A reserve account may be created that would be funded from these excess net toll revenues. Financial Capacity Analysis Tolling the I-5 bridge does not have the financial capacity to yield a funding contribution equal to the $2. 38 billion cost in year of expenditure dollars for the highway portion of the project.Rather, a number of funding sources will likely be needed to build the project, including federal and state (Oregon and Washington) funding sources combined with funding from tolls. For the purposes of this analysis, the bridge is assumed to be substantially completed by the end of fiscal year 2018, with revenue operations kickoff on July 1, 2018 (state fiscal year 2019). Toll bond proceeds are assumed to be trustworthy in the middle and latter years of construction to maximize their funding contribution, and other funding CRC Tolling Study Committee Report Appendix C 4 January 2010 ources are assumed to cover construction costs in the initial years. Other project improvements to the highway and interchanges would continue into 2019, and the last bonds needed to fund these completion activities are assumed to be issued after tolling has commenced. The CRC toll bonds were assumed to be backed by other revenue sources, and the full fait h and credit of one or both states to provide the bonds with a credit rating and interest costs equivalent to that of general obligation debt of either state. The use of toll bonds will increase the total costs paid during and after construction due to the added interest and issuance osts. However, these financing costs are treated separately from the project capital cost during construction. Increased use of toll bonds will increase the total costs paid due to added interest and issuance. The construction cost does not increase as a result rather it adds a financing cost both during and after construction. State-backed bonds are limited by Washington State Constitution to a 30 year repayment period. Accordingly, debt with the maturity of up to 30 years was assumed to maximize the total proceeds that can be generated by the forecasted net toll revenue stream.A nominal debt service coverage factor of 1. 25 was assumed for state-backed debt whereby net toll revenues were maintained a t 1. 25 times the projected annual debt service. The intent of this is to provide some protection against draws on the revenue sources promise to backup toll revenues, such as motor vehicle fuel tax revenues, in the fount of lower-than-projected toll revenue performance. Interest rates on state-backed bonds are assumed to be 6. 00 percent for current interest bonds (CIBs) and 6. 50 percent for capital appreciation bonds (CABs), based on the current double-A credit ratings in both states.Issuance costs are assumed to be 0. 2 percent of the total par amount of bonds issues for state-backed bonds. Additional costs would include 0. 5 percent of the par amount for current interest bonds for underwriting (underwriters discount) and 1. 0 percent of the par amount for capital appreciation bonds. Interest is assumed to be capitalized through the year before the project comple