Fiscal Note
Funds under this grant will be used to support the 2007 and 2008 Transit Division Capital budgets. Up to 80% of the total project cost of $1,100,323 is funded by USDOT/FTA with the remaining 20% local share ($220,065) to be funded with general obligation debt, which is/will be included in the Transit Utility's 2007 and 2008 Adopted Capital budgets. Any costs associated with the 13(c) agreement are included in the Transit Division operating budget. The City is covered under its current insurance policies. Therefore, the resolution will not result in increased premiums.
Title
Authorizing the Transit General Manager to file an application for a Section 5309 formula public transit capital grant with U.S. Department of Transportation and authorizing the Mayor and the City Clerk to execute the associated grant agreement with USDOT and the associated 13 (c) agreement with Teamsters Local No. 695.
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PREAMBLE
Under Section 5309 (formerly known as Section 3 of the Federal Transit Act, as amended), capital funds are available for transit system capital improvements. Metro will use these funds to purchase buses to replace older buses still in service. The local share is funded in the 2007 and 2008 Metro Capital budgets.
WHEREAS, FTA has been delegated authority to award Federal financial assistance for a transportation project; and
WHEREAS, grants for financial assistance will impose certain obligations upon the City of Madison, including the provision of the local share of the project costs; and
WHEREAS, as a condition of the assistance, the City of Madison must provide all annual certifications and assurances required by FTA and negotiate an agreement relating to the protection of mass transit employees under the provisions of Section 5333(b), formerly Section 13 (c) of the Federal Transit Act, as amended; and
WHEREAS, the U.S. Department of Transportation's Master Agreement contains a provision which requires the City to indemnify, sav...
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