Title
Regional Transit System (RTS) Procurement of Buses (Federal Assets) and Components from the Central Florida Regional Transit Authority (LYNX) (B)
This item is a request for the City Commission to approve the procurement of buses, paint services and parts inventory from the Central Florida Regional Transit Authority (LYNX).
Explanation
The Regional Transit System (RTS) fixed route fleet consists of 129 transit buses. Nearly 43% (55 buses) of this fleet exceeds their useful life expectancy. RTS purchases new buses when funding is available and acquires used buses and components when it is not.
The Central Florida Regional Transit Authority (LYNX) desires to transfer eleven (11) diesel powered transit buses and components to RTS. In order to maintain service levels and manage fleet costs, RTS would like to acquire these buses. The buses are 2006 and 2007 Gillig buses that are 40’ in length. The aforementioned federal assets are in good condition and can be placed into service with minimal maintenance. This is similar to a bus conveyance RTS received from LYNX in 2009, 2010, and 2014.
All 11 buses come equipped with Internal Destination Signs that have an FTA value of approximately $1,448 each. LYNX desires to transfer the remaining balance of the federal interest totaling $15,933.30 for these signs to RTS at no cost.
City Commission approval is required to obtain these federal assets in addition to the approval from the FTA. Ten (10) diesel buses are being transferred rather than sold because the fair market value of $6,500 per bus is in excess of $5,000 and would have to be remitted to the FTA. The remaining balance of the federal interest in these ten (10) buses totaling $65,000 would also be transferred to RTS at no cost as an FTA grantee.
One (1) retired bus has been appraised at a value of $3,600 which includes the value of the components installed on it. RTS will pay LYNX $3,600 for the full fair market value of this one (1) bus. In addition...
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