Acquisition of State Route (SR) 125 Toll Road Franchise Lease/ Toll Modifications/ TransNet Extension Ordinance Amendment

Summary

SCH Number
2011128213
Lead Agency
San Diego Association of Governments
Document Title
Acquisition of State Route (SR) 125 Toll Road Franchise Lease/ Toll Modifications/ TransNet Extension Ordinance Amendment
Document Type
NOE - Notice of Exemption
Received
Posted
12/21/2011

Document Description
The project includes acquisition of the SR 125 toll road franchise lease which would enable SANDAG to reduce the toll rate currently being charged on the toll road. SANDAG simulated toll rate reduction to show that a reduction of up to 45 percent could be achieved over time if SANDAG operations expenses and financial reserve needs are reduced as forecasted. User of the toll road would benefit from lower tolls on the facility.

Contact Information
Rob Rundle
San Diego Association of Governments
401 B Street, Suite 800
San Diego, CA 92101

Phone : (619) 699-6949

Location

Cities
Chula Vista San Diego
Counties
San Diego

Notice of Exemption

Exempt Status
Statutory Exemption
Type, Section or Code
S:21080(b)(8),15273
Reasons for Exemption
The purpose of the SR 125 toll reduction is to adjust the toll so that it aligns with the reduced operating expenses SANDAG anticipates for the SR 125 operation, maintenance, and debt service budgets compared to the higher costs associated with SBX ownership. The anticipated toll reduction would enable SANDAG to meet its operational and maintenance budget needs to service the debt incurred through the purchase of 125 assets and meet financial reserve needs and requirements.

Disclaimer: The document was originally posted before CEQAnet had the capability to host attachments for the public. To obtain the original attachments for this document, please contact the lead agency at the contact information listed above. You may also contact the OPR via email at state.clearinghouse@opr.ca.gov or via phone at (916) 445-0613.

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