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TAC reviews regional funding spreadsheet, cost estimate verification and criteria for future regional allocations
Summary
Staff updated TAC on cost estimate verification for CBTA round 4, presented a consolidated spreadsheet of regional allocations and reimbursements, and led a discussion about the purpose and criteria for the regional funding pot; members suggested aligning reporting to TIP/6‑year format and preparing candidate bond projects list.
CBTA/PlanRVA staff updated the Central Virginia Transportation Authority Technical Advisory Committee on the status of cost estimate verification for round 4 projects, presented a consolidated table summarizing regional allocations and reimbursements, and opened a discussion about the long‑term approach to allocating the regional funding pot.
Staff said the round 4 applications have been received and a third‑party verifier (Michael Baker) has most materials needed to complete cost estimate reviews; staff will provide SharePoint access so TAC members can review application folders and the verifier's comments. One project was still outstanding with the verifier, staff said, and project applicants should expect follow‑up this week if they have not yet provided required…
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