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Executive director says I Street Bridge replacement is in a holding pattern; staff to reallocate EIFD funds to shovel‑ready projects
Summary
The Executive Director reported the I Street Bridge Replacement Project is temporarily on hold while staff coordinates with the City of Sacramento; staff plans to reallocate EIFD bond funds short-term to projects that are ready to proceed and will bring a CIP amendment to council for action.
The authority heard an update from the Executive Director that the I Street Bridge Replacement Project — a major allocation in the EIFD capital plan — is currently in a “holding pattern” while the city coordinates with the City of Sacramento on next steps.
The Executive Director said initial EIFD programming included an allocation described in the meeting as “something in the order of up to 20‑something million” for the city’s share of anticipated construction costs. Because the bridge project is not yet ready to move forward, staff reported it will develop a short‑term plan to reallocate those EIFD funds to projects that are ready to begin construction and return to council with a proposed CIP amendment.
The director said staff will recirculate the updated list of projects to EIFD board members and expects council action on the CIP amendment before the authority’s next informational meeting, which staff anticipates scheduling about six months after the fiscal year end so that audited budget‑to‑actual numbers can be presented.
What happens next: staff will prepare a CIP amendment for council consideration, recirculate the project list to authority members and present an informational update to the authority after council action.
