Fiscal Note
Funds under this grant will be used to support the 2008 Transit Division Capital and Operating budgets. Up to 80% of the total project cost of $8,362,820 is funded by USDOT/FTA with the remaining 20% local share to be funded from general obligation debt and operating funds included in the Transit Utility's 2008 Adopted Capital and Operating 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 5307, public transit capital, capital maintenance, and capital planning 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 the Urbanized Area Formula program of 49 United States Code 5307 (formerly known as Section 9 of the Federal Transit Act, as amended), funds are made available for capital and operating assistance and transportation-related planning projects. As an urbanized area, the City of Madison receives from the U.S. Congress an apportionment for use by Madison Metro. Metro will use its funds for capital leasing, preventive maintenance costs, associated Capital maintenance costs for Bus rehab and spare parts, and ADA Paratransit Service costs, capital costs of building improvements, replacement of up to 3 Fixed-Route Buses, additional security equipment, IT hardware & software, Support Vehicles, Shop Equipment, transit enhancements, and planning costs associated with the Metropolitan Planning Organization as included in the 2008 Transit Division capital and operating budgets.
WHEREAS, FTA has been delegated authority to award Federal financial assistance for a transportation project; and
WHEREAS, grants for finan...
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