Title
Resolution for a Joint Participation Agreement - State Block Grant Funds for RTS Operating Assistance for FY 2006-2007 (B)
This item involves adoption of a Resolution authorizing the City Manager to execute a Joint Participation Agreement between the City of Gainesville and Florida Department of Transportation (FDOT) to accept the allocation for Gainesville of $1,356,306 from the State Block Grant Funds for FY 2006-2007.
Explanation
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 FY 2006-2007, the allocation for Gainesville is $1,356,306, an increase of $98,295 from FY 2005-2006.
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 in the amount of $1,356,306 for this match are available in the FY 2007 RTS operating budget.
Recommendation
Recommended Motion: The City Commission adopt the Resolution.
Alternative Recommendation A: The City Commission reject the motion to adopt the Resolution authorizing execution of the Joint Participation Agreement for RTS. The resulting fiscal impact is the loss of the FDOT State Block Grant Funds allocation of $1,356,306 for FY 2006-2007.