1. HRTAC/HRTPO Overview Kevin B. Page Executive Director, HRTAC
October Member Meeting
HRTAC/HRTPO Overview
Economic Vitality and Quality of Life Unlocking Hampton Roads
Kevin B. Page
Executive Director, HRTAC
Bob Crum, Jr.
Executive Director, HRTPO/HRPDC
10/24/2017

2. Moving the Region Forward HRTAC/HRTF Overview
Hampton Roads Transportation Fund created 2013 Acts of Assembly HB2313
HRTAC created 2014 Acts of Assembly HB1253 – Hired Executive Director August 2015
Empowered to procure, finance, build and operate highway, bridge and tunnel projects in Hampton Roads
Authorized to use HRTF monies and tolls for construction projects on new or existing highways, bridges and tunnels and to issue bonds using revenues to support bond debt
Regional Collaboration - Works closely with the Hampton Roads Transportation Planning Organization (HRTPO) who determines Project Prioritization for the region
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3. HRTAC Membership 19 Voting members 4 Non-Voting Ex-officio members
Commonwealth Transportation Board Member
Virginia Department of Transportation
Virginia Department of Rail and Public Transportation
Virginia Port Authority
June 15, Michael Hipple elected Chair and Linda Johnson elected Vice-Chair
HRTAC is a political subdivision of the Commonwealth
Primarily funded with HB 2313 revenue (Hampton Roads Transportation Fund) approved by the 2013 General Assembly
10 Cities
4 Counties
Chesapeake
Isle of Wight
Franklin
James City
Hampton
Southampton
Newport News
York
Norfolk
Poquoson
5 VA General Assembly Members
Portsmouth
Two Members of the Senate
Suffolk
Three Members of the House of Delegates
Virginia Beach
Williamsburg
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4. Hampton roads transportation fund
Additional Sales Tax
- Additional 0.7%
$131.47M Revenue FY17 – ($129.97M FY2015)
Additional Fuels Tax
- Regional tax on motor fuels
- Additional 2.1% - $25.03M Revenue FY17 – ($40.94M FY2015)
Fuel tax not floored in 2013 – Loss of around $20M per year
No Floor on Gas Tax for HRTAC or NVTC/PRTC
State Code requires HRTF funds to be spent Hampton Roads highway construction projects
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5. Legislation: Congestion Relief
HRTAC (HB 1253, 2014)
“…shall give priority to those projects that are expected to provide the greatest impact on reducing congestion for the greatest number of citizens residing within Planning District 23…”
Statewide Prioritization Process (HB 2, 2014)
“…Hampton Roads highway construction districts…shall ensure that congestion mitigation…is weighted highest among the factors in the prioritization process…”
45% weighted factor in Hampton Roads
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6. General Assembly – 2016 HRTAC Omnibus Bill HB1111 Fine Tuning HRTAC
Allows investment and provides liability protections
Allows counties to designate a representative
Allows all localities to have representation at the meetings if Chief Elected Officer or County Designee is unable to attend. Notice must be given 48 hours before meeting if regular member is unable to attend
Administrative and operating expenses shall be paid by HRTAC Revenues
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7. General Assembly Actions – 2016 Tolling
Language within the State budget establishes new toll policy restricting CTB, VDOT, HRTAC, and NVTA from tolling existing un-tolled lanes without General Assembly approval except on:
HOV/HOT Lanes
New Lane capacity
New bridges
Short segments of highways between existing toll
facilities
Legislation was adopted allowing better collection of unpaid toll bills from other states
HRTAC now has state guidance on tolling
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8. Congestion/Future Connectivity
2040 Population
2040 Employment
The Stage is set for Regional Transportation Solution Consensus Building 8

9. For two decades the Region has identified these projects
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For two decades the Region has identified these projects

10. Defining the Roles of the HRTPO and HRTAC
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11. Evolution of HRTAC Projects
Plan
HRTPO (Long-Range Transportation Plan with HRTAC Input)
Prioritizes Projects Based on Project Readiness with HRTAC Input
Program
HRTAC (Six-Year and Long Range Plans of Finance)
CTB (Six-Year Improvement Program)
HRTPO (Adds HRTAC Projects to Transportation Improvement Program)
Finance & Deliver
HRTAC (Regional Tax Funding/Bonding, Toll Revenues/Bonding, and Smart Scale Grants – Contracts with VDOT or Others to Deliver Projects)
VDOT – Smart Scale Funding (Constructs Projects Contracted by HRTAC)
HRTPO Long Range Transportation Plan identifies priority projects in the constrained plan or vision plan as under study/development/construction
HRTAC develops a six-year and long range plans of finance to guide in project funding for development and construction – HRTAC feeds LRTP funding plans
HRTAC allocates funds to specific projects, asks that the HRTPO add them to the TIP
The CTB selects the Local Preferred Alternative, maintains Statewide Transportation Improvement Program, allocates state funding to projects in Six Year Improvement Program – awards Smart Scale funding
VDOT assists in project readiness and construction through HRTAC/VDOT MOA and HRTAC project construction agreements
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12. 2040 LRTP: Regional Priority Projects
‘Sequencing Based on Project Readiness’
I-64 Peninsula Widening
I-64/I-264 Interchange I
I-64 Southside Widening/High-Rise Bridge - Phase 1 II
Hampton Roads Crossing: Alternative A - HRBT
III
I-64 Southside Widening/High-Rise Bridge - Phase 2 IV
I-64/Fort Eustis Blvd Interchange
US Route 460/58/13 Connector
Bowers Hill Interchange V
A major step forward in Regional Consensus Building - February 18, 2016 12

13. Unlocking Hampton Roads13

14. Adopted HRTAC FY2018-FY2023 – Six Year and 2040 Operating and Capital Plans of Finance for the Region’s High Priority Projects (With Toll Revenues to HRTAC)
On September 21, 2017, HRTAC Adopted the HRTAC FY2018-FY2023 Funding Plan and the HRTAC 2040 Long Range Plan of Finance
Assumptions:
HRBT advances on schedule – enters SYIP 2019 completion 2024
First bond activity FY2019 – all net toll revenues to HRTAC
Smart Scale funding for HRTAC funded projects continues
Minor adjustments were made to bring the proposed plan to reflect updated project estimates and obligations of both HRTAC and VDOT
June 2017 reduction in HRBT contingency by $200M
June 2017 Smart Scale awards to two HRTAC projects
Reduction in total project costs
Return of the funding obligation by VDOT due to the use of federal funding to support total project costs.
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15. Project Costs and Expenses & Funding Sources (With Toll Revenues to HRTAC)15

16. HRTAC Projected Cash Flow FY 2018 to FY 2023 (With Toll Revenues to HRTAC)
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Maintain General Reserve Balance at Minimum 10% of HRTF Revenue in Current Fiscal Year

17. ADOPTED HRTAC 2040 LONG RANGE PLAN OF FINANCE UPDATE (with toll revenues to HRTAC)17

18. HRTAC Projects Region’s 2040 Long Range Plan $8.5B
YEAR
PROJECT
YOE COST ($M)
I-64 Peninsula – Segments 1, 2, and 3
$645
I-64/I-264 Interchange – Phases I & II
$347
2020
I-64 Southside/High-Rise Bridge – Phase I
$600
Project Development
$37
2024
HRBT
$3,799
2037
I-64 Southside/High-Rise Bridge – Phase II
$1,729
Bowers Hill Interchange
$659
2038
US 460/58/13 Connector
$396
I-64/Fort Eustis Blvd Interchange
$320
Vision Plan
I-564/I-664 Connectors (Patriots)
I-664/MMMBT
VA 164/164 Connector
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19. Smart Scale (HB2) Funding
Smart Scale (Formerly known as HB2) funding is a competitive prioritization process administered by the Commonwealth to advise the Commonwealth Transportation Board in its funding decisions.
$144,927,753 awarded in June 2016 to the I-64 Peninsula Widening Project
$150,000,000 awarded on June 20, 2017
$100,000,000 to the I-64 Southside Widening/High Rise Bridge Project
$50,000,000 to the I-64/I-264 Interchange Phase II Project
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20. Hampton Roads Crossing Study
A study that led to Unanimous Regional Decisions on October 20, 2016
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21. HRBT - Moving Forward
March 16, 2017, HRTAC allocated $25M toward refinement of HRCS Preferred Alternative
HRCS SEIS is complete
June 12, 2017, FHWA issued Record of Decision (ROD)
Project’s planning-level cost estimate $3.3B in 2016 dollars (SEIS) - $3.8B YOE
Includes Construction, CEI, Large Contingency
HRTAC, funding agent, is developing strategies to fund construction
VDOT, delivery agent, is evaluating delivery options and initiating preliminary engineering
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22. HRBT - Next Steps 22 Activity Date Expected
Detail Level Screening Report
July 2017
Draft Request for Qualifications and DB/DBFOM Term Sheets
September 2017
Transportation P3 Steering Committee – Initial Finding of Public Interest
October 2017
Statements of Qualifications due
November 2017
Announcement of Shortlisted Teams
January 2018
Indicative Price Proposals Due
April 2018
Briefing to Transportation P3 Steering Committee on Delivery Method
Announcement of Delivery Method
Draft Request for Proposals
May 2018
Final Request for Proposals
September 2018
Commercial Close
Early 2019
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23. The Road Ahead 23 23

24. Next Steps
HRTAC will continue work to develop solutions and continue construction of HRTAC’s $1.6B approved/funded projects
For HRBT - HRTAC/VDOT will develop MOU to outline roles, responsibilities and Stakeholder involvement to keep the Region informed
HRTAC will work with HRTPO and impacted jurisdictions to study the remaining projects not selected in the SEIS Alternative A
Public discussion on how to fund the projects
HRTAC will advance the FY2018-FY2023 Funding Plan and 2040 Long Range Plan, calibrate funding options, seek public input, advance project readiness and continue preparations for bonding/financing of projects
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25.
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10/24/2017