Title
FDOT Block Grant Funds for Operating Assistance for Regional Transit System for FY 2005-06 (B)
Explanation
The Florida Department of Transportation (FDOT) allocates state block grant funds for public transit systems each year. The allocations are based on a three-part formula that includes population, ridership, and vehicle miles operated. For fiscal year 2005-06, Gainesville's allocation is $1,258,011, which is an increase of $133,259 from last year's allocation.
FDOT requires the governing board of each public transit system authorizing the acceptance of these funds adopt a resolution.
Fiscal Note
The Operating Assistance Joint Participation Agreement requires a 50% match. Funds are available in the RTS operating budget.
Recommendation
The City Commission: 1) approve the resolution authorizing execution of a joint participation agreement with Florida Department of Transportation; and 2) authorize the Mayor and Clerk of the Commission to execute the Resolution.