Title
FDOT Block Grant Funds for Operating Assistance for Regional Transit System for FY 2004-2005 (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 2004-2005, Gainesville's allocation is $1,124,752, an increase of $66,698 from last year's allocation.
FDOT requires the governing board of each public transit system authorize the acceptance of these funds and to adopt a Resolution.
Fiscal Note
The Operating Assistance Joint Participation Agreement requires a 50% match; funds for this match are available in the RTS operating budget.
Recommendation
The City Commission adopt the Resolution authorizing execution of Joint Participation Agreement with the Florida Department of Transportation.