Fiscal Note
The proposed resolution authorizes Metro Transit to submit a final grant application for its share of the CARES Act Stimulus program. Under the federal program, Madison Metro was allotted $24,498,820. Under the proposed grant application Metro will pass on a portion of these funds to partner communities in the urbanized area (Sun Prairie-$37k and Monona-$5k).
The remaining City share of the grant will be used for Metro’s operating and capital budgets in 2020 and 2021. This resolution does not propose amending the budget, a subsequent resolution will be introduced authorizing the use of these funds in 2020. Use of these funds in 2021 will be reflected in the Executive Budget.
Title
Authorizing the Transit General Manager to file an application for CARES Act Stimulus Section 5307 Grant for public transit capital and operating assistance in response to the COVID-19 pandemic with U.S. Department of Transportation and authorizing the Mayor and the City Clerk to execute the associated grant agreement with USDOT and subrecipient agreements with entities included as pass through funds and the associated 13 (c) agreement with Teamsters Local No. 695
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PREAMBLE
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed by President Donald J. Trump on March 27, 2020 are made available for capital and operating assistance to help the nation’s public transportation systems respond to the Coronavirus Disease 2019 (COVID-19). As an urbanized area, the City of Madison receives from the U.S. Congress an apportionment based on the Section 5307 program for use by Madison Metro. Metro will use its funds for operating assistance and capital costs and pass through funds to the City of Sun Prairie and Monona to help supplement the loss of revenue due to this pandemic by covering transportation related costs as eligible through the Section 5307 program.
WHEREAS, FTA has been delegated authority to award Federal financial assistance for a transportation...
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