Title
Resolution to Accept Matching Funds from NC Department of Transportation to Reduce Local Match for Federal Fiscal Year 2013 FTA Congestion Mitigation Air Quality Grant
Body
Department: Transportation
Council District: Citywide
Public Hearing: NA
Advertising Date/By: NA
Contact 1 and Phone: Adam Fischer 373-2861
Contact 2 and Phone: Bruce Adams 412-6237
PURPOSE:
The City of Greensboro received funding in the amount of $1,396,000 from the Federal Transit Administration for the purchase of two replacement (2) Hybrid Electric 40 foot buses to be used in GTA’s fixed route service and five (5) replacement paratransit buses. The North Carolina Department of Transportation recently approved a state funding match request in the amount of $101,397 to support eligible expenses for the purchase of the two (2) replacement hybrid electric buses. A resolution must be approved to accept these funds.
BACKGROUND:
At the January 6, 2015 meeting, the Greensboro City Council approved a budget ordinance amending the FY2013 FTA Congestion Mitigation Air Quality Grant funding to add $33,157 in state matching funds to support the eligible expenses associated with the purchase of the five (5) paratransit vehicles. The North Carolina Department of Transportation recently approved additional state funding match request in the amount of $101,397 to support eligible expenses for the purchase of the two (2) replacement hybrid electric buses that were delivered in August 2015.
BUDGET IMPACT:
The North Carolina Department of Transportation will contribute an additional $101,397 for a total al $134,554 for the purchase of the two (2) replacement Hybrid Electric 40 foot buses and five (5) paratransit buses. This will allow the City to reduce its required local match.
The current funding is as follows:
$1,396,000 (83%) Federal
$ 252,771 (15%) Local
$ 33,157 (2%) State
$1,681,928 (100%) Total
The revised funding will be as follows:
$1,396,000 (83%) Federal
$ 151,374 (9%) Local
$ 134,554 (8%) State
$1,681,928 (100%) Total
A budget adjustment will be required to reduce the amount of local funds budgeted in the account.
RECOMMENDATION / ACTION REQUESTED:
The Department of Transportation recommends and requests that the City Council approve the attached resolution accepting matching funds from NCDOT and approve the associated budget adjustment.
COMMITTEE ACTION: This item was referred to Council by the Infrastructure Committee.