Title
Resolution for a Joint Participation Agreement - State Block Grant Funds for RTS Operating Assistance for FY 2007-2008 (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 $1,361,840 from the State Block Grant Funds for FY 2007-2008.
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 2007-2008, the allocation for Gainesville is $1,361,840, an increase of $5,534 from FY 2006-2007.
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 50% match. Funds in the amount of $1,361,840 for this match are available in the FY 2007-2008 RTS operating budget.
Recommendation
The City Commission adopt the Resolution.