Item 1: Ordinance on Transplan and Metro Plan Amendments

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that, due to funding constraints, those needs would likely not be met over the plan horizon. However, it was mis-leading. The full set of all needs identified in the RTP is supposed to reflect the full projected need for transportation investment over the horizon of the plan. The term "Future" mistakenly conveyed an impression that those projects on the Future list(s) could be deferred beyond the horizon -- often mistakenly giving the impression that they weren't really needed. The reality is that the "Future" list projects are needed within the time of the plan horizon, but likely must be deferred due to a lack of funding. The term "Illustrative" was coined to reflect the fact that the RTP identifies all of the projected need, lists the priorities that can be funded within Financial Constraint, and then conveys the remaining Illustrative need that remains and would/will be provided should additional funding become available.” The title of the “Future” lists has just not yet been changed in TransPlan.” TransPlan Chapter 3 provides more explanation about how the lists are used and how they differ (excerpts are provided below): “[The] Financial Plan describes total Capital Investment Action project costs, anticipated revenues from existing sources, the expected gap in revenues, potential yields from new revenue sources, factors to consider in determining project priorities, and the Financially Constrained TransPlan. *** The projects selected for inclusion as Financially Constrained 20-Year Capital Investment Actions establish a network of facilities that meet overall transportation needs for the 20-year planning period.*** The Financially Constrained 20-Year Capital Investment Action project lists will be adopted, making them legislatively binding. However, the specific timing, design, and financing provisions of TransPlan’s recommended projects are not formally adopted. The project lists are not intended to serve as an exclusive long-range programming document in the manner of the regional TIP, nor do they formally approve or commit any funding.*** The Capital Investment Actions are presented in five tables/lists: 1a. Financially Constrained 20-Year Capital Investment Actions: Roadway Projects 1b. Future (Beyond 20 Years) 20-Year Capital Investment Actions: Roadway Projects 2. Financially Constrained 20-Year Capital Investment Actions: Transit Projects 3a. Financially Constrained 20-Year Capital Investment Actions: Bicycle Projects 3b. Future (Beyond 20 Years) Capital Investment Actions: Bicycle Projects Project Implementation Phases The Roadway and Bicycle project lists are subdivided into Financially Constrained and Future implementation phases. The Financially Constrained project lists include Programmed and Unprogrammed projects: ? Programmed (0-5 years) projects have been identified in a local agency's CIP, the regional TIP or the STIP. These projects have funding sources identified that will enable them to proceed to project construction. ? Unprogrammed (6-20 years) projects may not have specific funding sources identified, but are expected to be funded with reasonable assumptions about expected revenues. Future (beyond 20 years) projects are not planned for construction during the 20-year planning period. These projects are not part of the financially constrained plan. However, these projects could be implemented earlier if additional funding is identified.