HomeMy WebLinkAbout2007 05 14 Awards & Presentations 300 Alison Stettner
COMMISSION AGENDA
May 14, 2007
Meeting
Presentation X
Consent
Information
Public Hearing
Regular
ITEM 300
/J-- j/f/
MGR. Q' /Dept.
REQUEST: The Public Works Department requests that the City Commission listen to a
presentation from Alison Stettner of Florida's Turnpike Enterprise
regarding the toll amount at the SR 417 / SR 434 interchange
PURPOSE: The purpose of this Agenda Item is to request that the City Commission listen to a
presentation from Alison Stettner of Florida's Turnpike Enterprise regarding the
toll amount at the SR 417 / SR 434 interchange
CONSIDERATIONS:
At the March 12, 2007 City Commission meeting, the Commission directed Staff to invite a
representative from Florida's Turnpike Enterprise to a future Commission meeting to discuss the
toll amount atthe SR 417 / SR 434 interchange, which is currently $0.75 at both the entry and
exit ramps.
Florida's Turnpike Enterprise previously provided the following information regarding the toll:
1. The Turnpike is designed for long trips and toll rates are set based on the average cost per
mile for long trips (currently 12.5 cents per mile).
2. The Turnpike's toll rate structure creates an inequity for shorter trips, such as the trip from
434 to Red Bug along the SR 417.
3. The capital cost to install equipment to correct this inequity between Winter Springs and
Oviedo was recently estimated at $1.2 million, which would have to be covered by the
cities. There is also an annual maintenance cost of$75,000 and an annual "lost revenue"
cost of $1 00,000 that would have to be paid by the cities.
051407 COMM Presentation SR417 Tolls
- - -
May 14, 2007
Presentation Agenda Item 300
Page 2
4. Bonds issued to construct the Turnpike used revenue models based on the current tolling
amount ($0.75 at the 434/417 toll plaza). This cannot be changed without having a
compensating source of revenue.
5. In 2002, at the request of the Oviedo City Council, the Turnpike performed a year-long
study examining the possibility of removing or reducing the toll for customers traveling
between Winter Springs and Oviedo. The study included a toll rebate incentive program
that reduced the toll at the SR 434 toll plaza to $0.31 (equal to $0.125 per mile x 2.5 miles)
during the study period. The Turnpike's study concluded that a toll rebate on trips going
between Oviedo and Winter Springs offered only a minimal reduction in trips through
downtown Oviedo. The rebate did not change traffic patterns in the Oviedo area by
drawing more trips to SR 417. The Turnpike discontinued the toll rebate program on
January 1, 2003.
6. Within the next ten years, the Turnpike is expected to transition to 100% electronic tolling,
which will remedy the current toll inequity by charging all vehicles based on their actual
distance traveled.
ATTACHMENTS:
None
COMMISSION ACTION: