...Title
Resolution for a Joint Participation Agreement for State Block Grant Funding (B)
...Explanation
The City of Gainesville Regional Transit System (RTS) has requested a Joint Participation Agreement (JPA) from the Florida Department of Transportation (FDOT) to allocate State Block Grant Funding for public transit systems each year. The funds are being requested for FY 2001-2002 RTS operating assistance. The Grant allocations are based on a three-part formula that includes population, ridership, and vehicle miles operated. For FY 2001-2002, Gainesville's allocation is $861,002, an increase of $149,411 from last year's allocation, which will be funded on a 50/50 matching basis between FDOT and RTS. FDOT requires the governing board of each public transit system authorizing the acceptance of these grant funds to adopt a Resolution.
...Fiscal Note
FDOT has sent a Joint Participation Agreement to RTS on a 50/50 matching basis for the State Block Grant Funding. Funds to provide the local match are available in the RTS FY 02 operating budget.
...Recommendation
The City Commission approve the Resolution authorizing execution of a Joint Participation Agreement with Florida Department of Transportation.