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February 23, 2012

 

The Executive Board approved of a set of policies and procedures to guide distribution of PSRC's federal funds.

 

PSRC adopts a policy framework to guide the project selection process for PSRC's federal funds with the goal of directing funds to projects that meet the regional priorities outlined in Transportation 2040, VISION 2040, and the Regional Economic Strategy. The estimated funding available for fiscal years 2013 and 2014 is $441.9 million and projects receiving these funds will be selected later this year. The call for projects for these funds will be issued by early March. PSRC will be continuing with existing policies and procedures, increasing funding to the Rural Town Centers and Corridors program by $1 million, and including an additional set-aside for preservation on a pilot basis. PSRC will continue to examine the possibility of an innovations fund for future PSRC funding cycles. Watch the discussion or view the presentation online at psrc.org.

 

For more information, contact Kelly McGourty at 206-971-3601 or kmcgourty@psrc.org.

 

The Executive Board was briefed on the Landscape Conservation and Local Infrastructure Program enacted during the last legislative session.

 

The program establishes a new voluntary tool to finance infrastructure that is based on a city accepting transferable development rights (TDRs) from farm, forest and some rural lands.  PSRC is tasked with allocating TDRs to eligible cities in the region by March 1, 2012.  The Growth Management Policy Board is set to finalize its TDR allocation recommendation in March, after which this item will return to the Executive Board for action. Watch the discussion or view the presentation online at psrc.org.

 

For more information, contact Ivan Miller at 206-464-7549, imiller@psrc.org.

 

In other business, the Executive Board:

  • Approved a routine amendment to the 2010-13 Regional Transportation Improvement Program.
  • Met in Executive Session to discuss the PSRC Office Lease and the Executive Director's performance evaluation.
  • Authorized the Executive Director to sign the office lease with the preferred landlord upon final negotiated terms and conditions between the landlord and PSRC, conditioned on final lease language review by PSRC's legal counsel.