Title
Resolution for a Joint Participation Agreement - State Block Grant Funds for RTS Operating Assistance for FY 2012-2013 (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 $1,632,478 from the State Block Grant Funds for FY 2012-2013.
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 2012-2013, the allocation for Gainesville is $1,632,478 which represents an increase of $131,882 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 Joint Participation Agreement requires the City of Gainesville to match the funding. Funds in the amount of $1,632,478 for this match are available in the FY 2012-2013 RTS operating budget.
Recommendation
The City Commission adopt the Resolution.