Title
Resolution for a Joint Participation Agreement - State Block Grant Funds for RTS Operating Assistance for FY 08/09 (B)
This item is a request to adopt 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 $1,298,354 from the State Block Grant Funds for FY 08/09.
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 08/09, the allocation for Gainesville is $1,298,354, which represents a decrease of $63,486 from last year's allocation.
FDOT requires the governing board of each public transit system to adopt a resolution authorizing the acceptance of these funds.
Fiscal Note
The Operating Assistance Joint Participation Agreement requires the City of Gainesville to match the funding. Funds in the amount of $1,298,354 for this match are available in the FY 08/09 RTS operating budget.
Recommendation
Recommended Motion: The City Commission: 1) adopt the Resolution; and 2) authorize 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 $1,298,354 from the State Block Grant Funds for FY 08/09, subject to approval by the City Attorney as to form and legality.