Title
Resolution for a Joint Participation Agreement - State Block Grant Funds for Regional Transit System (RTS) Operating Assistance and Capital Expenditures for FY 2015 (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 $1,807,516 from the State Block Grant Funds for FY 2015.
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 2015, the allocation for Gainesville is $1,807,516.
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 $1,807,516 for this match are available in the FY2014-FY2015 RTS operating budget.
Recommendation
The City Commission adopt the Resolution.