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20170411 Fletcher_Webb_Transportation Bonds 2017 Prosper 041117_RevCDMOVING FORWARD FUNDING FUTURE MOBILITY IN COLLIN COUNTY Presented by Susan Fletcher Collin County Commissioner Precinct 1 Duncan Webb Collin County Commissioner, Precinct 4 LARs Comparison 2,496,859 1,959,449 Neighboring counties’ LARs 2 Our County Density 2020 Past projections have West County growing fastest … 3 But latest projections show East County will be as dense by build-out. Our County Density at Build-Out 4 Our County Growth 5 LARs Priorities 1.US 380 2.SH 78 3.N-S Road between US 75 & Lake Lavon 4.Outer Loop * Actual routes to be determined Commissioners Court February 1, 2016 6 Collin County Roadway Action Plan 7 TxDOT and NCTCOG have developed a Roadway Action Plan for Collin County •TxDOT and NCTCOG have determined which corridors each organization will evaluate. •The initial tasks to kick off these evaluations are now underway. LARs Funding •Cost/benefit analysis will be performed for each potential route •Allocation of funding between LARs and city thoroughfares •Cost for the ultimate LARs program ($4-6 billion) will far exceed available funding 8 LARs Funding 8 •Majority of the cost will have to come from TxDOT funds ($602 million allocated for the next ten years) •Collin County funds are needed to bridge timing gaps in TxDOT funds to maintain the LAR program momentum •$400-$560M can be sold with NO TAX RATE INCREASE •No funding required from cities 2016 2034Design and Construction 2021 -2033 Open Freeway LARs Timeline Bond Money Disbursement Bond Election Preliminary Planning 2016 -2021 Bond Money Disbursement 2018-2022 First Five Years: Pre-Construction Tasks •Feasibility/Alignment/Environmental /Public involvement •Design •ROW purchase •Utility relocation 9 Cities Call to Action •City government internal discussions •City concurrence on LARs program •City Council support in writing due •Begin Voter education •Meetings with Public/Planning Board/ Commissioners Ct MAR 1-30 APR 15 MAY 15 AUG 1 NOV 7 •Promote voter turn out for Bond Election •Successful BOND ELECTION 10 Our County •We will continue our high growth for several more decades •Traffic congestion will get worse •A bond issue to build LARs will: Turn this Into this 11 MOVING FORWARD FUNDING FUTURE MOBILITY IN COLLIN COUNTY Presented by Susan Fletcher Collin County Commissioner Precinct 1 Duncan Webb Collin County Commissioner, Precinct 4