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CBTA finance committee recommends approval of Chesterfield ‘Busy Street’ extension project agreement; Route 360 widening item pulled
Summary
The Central Virginia Transportation Authority finance committee on Sept. 10 recommended the full authority approve project agreement CBTA 0048 (Busy Street Extension, Chesterfield County), voted to remove CBTA 0042 (Route 360 widening) from the agenda for refile and administrative change, and discussed annual FY25 certifications and FY26 local
The Central Virginia Transportation Authority finance committee voted Sept. 10 to recommend that the full authority approve a project agreement for the Busy Street Extension in Chesterfield County (CBTA 0048) and accepted a request to remove another agenda item, CBTA 0042 (Route 360 widening), so it can be refiled with a change in project administration.
Mr. Parsons, a CBTA staff member, told the committee that Chesterfield County has a partially executed agreement for CBTA 0048 and is ready to advance the project into development. Parsons said the proper action was a recommendation to the full authority "for approval of the project agreement as presented." The committee took a voice vote and the recommendation passed.
Earlier in the meeting, at the request of Chesterfield County, the committee approved an amendment to the meeting agenda to strike item B-2-a (CBTA 0042, Route 360 widening). Parsons said the county expects that project to return next month with administration changed from locality-administered to VDOT-administered.
The committee also received two informational planning items. Parsons reviewed the annual certification and quarterly reporting for FY25, explaining that tabled local expenditures for all quarters have been collected and that localities must certify by the 15th of the month that their reported expenditures were used for transportation purposes as stated in state code. "We have, we'll say, roughly half to two thirds of the certifications in hand," Parsons said; he told the committee he expected the rest early next week and that the full certification package will be advanced to the full authority at the end of the month.
Parsons also summarized the FY26 local allocation plan, a planning document in which localities state how they intend to use 50% of local CBTA revenues in the coming fiscal year. Parsons said about half of the localities have reported their allocation intentions and that the Technical Advisory Committee expects to have the rest in hand by its October meeting.
TAC Chair Joe Biden told the finance committee that the TAC had considered the CBTA 0048 SPA agreement at its recent meeting and recommended approval.
Votes at the Sept. 10 finance committee meeting included the voice approval to amend the agenda, approval of the August 13 meeting minutes, and the recommendation to the full authority on CBTA 0048. The committee did not take final action to adopt the project agreement; it recommended approval to the full authority.
The finance committee scheduled its next meeting for Oct. 8 at 9:00 a.m. and adjourned after the recorded items.
