Title
Resolution for Joint Participation Agreement - Block Grant Funds for RTS Operating Assistance (B)
Explanation
The City of Gainesville Regional Transit System (RTS) has requested a Joint Participation Agreement (JPA) from the Florida Department of Transportation (FDOT) to allocate State Block Grant Funds for RTS operating assistance. For FY 2002-2003, Gainesville's allocation is $943,256 (an increase of $82,254 from last year's allocation), which will be funded on a 50/50 matching basis between FDOT and RTS. FDOT requires the governing board of each public transit system authorizing the acceptance of these funds to adopt a Resolution.
Fiscal Note
FDOT has sent a JPA to RTS on a 50/50 matching basis for State Block Grant Funds. Funds to provide the local match are available in the RTS FY2003 operating budget.
Recommendation
The City Commission approve the Resolution authorizing execution of the Joint Participation Agreement with the Florida Department of Transportation.