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File #: 64737    Version: 1 Name: Amending Metro 2021 Capital Budget - Facility Grant Funds
Type: Resolution Status: Passed
File created: 3/19/2021 In control: TRANSPORTATION COMMISSION
On agenda: 5/18/2021 Final action: 5/18/2021
Enactment date: 5/24/2021 Enactment #: RES-21-00375
Title: Amending the 2021 Capital Budget to add $3,673,990 in federal funding to Metro’s Satellite Bus Facility project.
Sponsors: Keith Furman, Grant Foster
Attachments: 1. Summary of Metro Resolutions - 5.10.21 FC Agenda.pdf
Fiscal Note
The 2020 Adopted Capital Budget appropriated $12.9 million in Metro supported general obligation borrowing to purchase land for Metro’s Satellite Bus Facility project. Resolution 64017 enacted March 3, 2021 added an additional $7.0 million in federal grant funding and changed the existing borrowing authority on the project to be general fund supported general obligation borrowing.

The proposed resolution amends the 2021 Capital Budget to add an additional $3.7 million in previously awarded federal funding to the Satellite Bus Facility project. Metro had planned to use this $3.7 million in unused federal awards towards minor rennovations of the facility. This resolution instead applies these federal funds to the purchase of the facility by combining them with the $7 million in federal funding already appropriated through Resolution 64017. Total funding for the Satellite Bus Facility project will be $23,566,990 ($12,893,000 city general obligation borrowing and $10,673,990 federal funds).

Title
Amending the 2021 Capital Budget to add $3,673,990 in federal funding to Metro’s Satellite Bus Facility project.
Body
PREAMBLE
This resolution amends the 2021 Adopted Capital Budget to add $3,673,990 in federal funding to Metro’s Satellite Bus Facility project.

WHEREAS, Resolution 56710 passed on September 6, 2019 Authorizing the Transit General Manager to file an application for a Section 5307, 5337 & 5339 Super Grant, public transit capital, capital maintenance, and capital planning grant with U.S. Department of Transportation and accept the $10.4 million in Federal funding; and

WHEREAS, Resolution 60964 passed on August 4, 2020 Authorizing the Transit General Manager to file an application for a Section 5307, 5337 & 5339 Super Grant, public transit capital, capital maintenance, and capital planning grant with U.S. Department of Transportation and accept the $12.6 million in Federal funding; and

WHEREAS, the 2021 adopted capital budget will be amend...

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