IRVINE, Calif. - August 12, 2021
The F/ETCA Board unanimously approved a contract with Peterson-Chase Engineering Services for northbound State Route (SR) 241 channelizers construction and inspection replacement services for $1,043,392. The channelizers will be installed on an approximately one-mile segment on the existing northbound 241 Toll Road and is an interim condition that is anticipated to remain in place until the 241/91 Express Connector Project construction begins.
The channelizers will help improve traffic operations and enhance safety by preventing vehicles from trying to cut in front of the queue that forms in the evening peak hours on the two SR 241 lanes that merge onto the eastbound
The F/ETCA Board unanimously voted to authorize current contract amendments with WKE, LSA and Michael Baker to fund several beneficial design refinements that will enhance project performance and support avoidance of cost escalation. This work will aide in continuing to advance the project to construction with the goal of being open to traffic in late 2025.
The 241/91 Express Connector Project is a regionally significant median-to-median tolled facility that is included in the Agency’s Capital Improvement Plan (CIP). The project can provide significant travel time savings for all users on SRs 241 and 91.
The annual investment review, conducted by the Agencies’ investment advisor, Chandler Asset Management, detailed the Agencies’ strong and robust investment portfolios for Fiscal Year 2021 (FY21). Highlights include:
The Boards adopted the FY22 internal audit plan, which was developed based on input solicited from the Joint Finance and Investment and Joint Toll Operations Committees.
Some of the activities in the FY22 audit plan include:
The F/ETCA Board unanimously voted to amend the Oso Bridge Project Cooperative Agreement to provide $189,000 in additional funding necessary to facilitate project close-out activities pursuant to construction administration service supplied by the County of Orange.
The Oso Bridge Project opened to traffic on January 13, 2021. During the last eight months, project close-out activities have been advanced, including procurement and installation of additional guard railing, ramp lighting and a crash cushion. Due to the pandemic, the construction contractor encountered delays procuring punch-list related construction materials and completion of the punch-list took longer than anticipated. It is anticipated that all remaining items will be completed during August 2021. After all items are complete, the Caltrans encroachment permit will be finalized and closed.
Both Boards authorized the CEO to submit formal responses to the Orange County Grand Jury’s June 21, 2021, report findings and recommendations.
The Grand Jury’s report contains six findings and three recommendations. Highlights of the report acknowledge:
The Grand Jury’s findings and recommendations are centered around TCA’s CIP, debt management, revenue and cash management, and structure.
TCA’s responses to the Grand Jury’s findings and recommendations include:
The responses will be finalized and submitted by September 20, 2021, as set forth by the Grand Jury.