Title
Resolution for a Joint Participation Agreement between the City of Gainesville and the Florida Department of Transportation for Service Development Grant Marketing Funds for FY 2005-2006 (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 Gainesville's allocation of $60,000 from the Service Development Grant Marketing Funds for FY 2005-2006.
Explanation
The Florida Department of Transportation allocates State Block Grant Funds for public transit systems each year. For FY 2005-2006, Gainesville's allocation is $60,000 from the Service Development Grant Marketing Funds. FDOT requires that the governing board of each public transit system authorize the acceptance of these funds by adopting a Resolution. The Regional Transit System will utilize this $60,000 to complete projects to: 1) support increasing transit ridership; and 2) provide research data to support implementation of area park-n-ride programs to mitigate traffic congestion along several corridors.
Fiscal Note
The Service Development Grant Marketing Funds Joint Participation Agreement requires a 50% grant match. Funds in the amount of $60,000 for this match are available in the FY06 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 and RTS. The resulting fiscal impact is the loss of FDOT's $60,000 allocation for FY 2005-2006.