2. Resolut/MetroCog Trans Plan - Laserfiche WebLink

ESTIMATED REVENUES FOR MULTI-MODAL TRANSPORTATION SYSTEM To fulfill the federal requirement of a financially constrained transportation plan, it is necessary to estimate revenues during the 27 year horizon of this Plan. As part of the ISTEA legislation and interpretive materials produced after the legislation was adopted, the FHW A provided guidance regarding these revenue estimates. The FHW A's main stipulation was that the financial revenue projections and project cost estimates be based on reasonable assumptions regarding federal, state and local revenues, as well as any anticipated private contributions of funds and/or labor. At this time, the most effective way for COG to generate reasonable forecasts of future revenues was to use historical trends for each jurisdiction supplemented by information from Metro COG's most recent TIP fiscal analysis. The "short-range" includes the years 2004 to 2010. Transportation revenues were developed based on information provided in the Metro-COG's federally approved 2004-2006 Fargo- Moorhead Transportation Improvement Program (TIP) and projecting off of that database. The database included historical data, anticipated federal and state funding levels, and planned bonding measures, assessments, general fund expenditures, etc. at the local level. After local staff review, adjustments were made to the revenue forecasts. The long-range estimates of transportation revenues were developed in much the same manner as the short-range revenues. The "long-range" includes the years 20 II to 2030. The revenue sources for Cass County shown in Figure 4 were used to program potential short- and long-range projects and to ensure that the projects listed in the MTP were financially feasible. The fiscally constrained plan of short- and long-range roadway, bridge, transit, bicycle, pedestrian and ITS projects for Cass County is shown in Figures 5 through 7. Projects already programmed in Metro COG's TIP are usually shown first. Projects listed after those will not necessarily be implemented in sequential order, due to a number of factors, such as project readiness, immediate need, unanticipated complications of design or construction, or policymakers' decisions to change scheduling, etc. Figures 8 presents all of the short and long- range projects, from both the Minnesota and North Dakota sides of the study area combined onto one map to illustrate the future metropolitan system improvements. In addition to specific infrastructure or capital investments, preliminary engineering, environmental documentation and right-of-way acquisition is usually included in the project costs noted on the figures, especially for regionally significant transportation facilities, such as extensions or expansions of arterial roadways and collector streets. Executive Summary - Fargo-Moorhead Metropolitan Area Transportation Plan Update Fargo-Moorhead Metropolitan Council of Governments June 2004 Page 10