Title
Resolution to Accept Matching Funds from NC Department of Transportation to Reduce Local Match for Federal Fiscal Year 2014 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 $2,090,000 from the Federal Transit Administration for the purchase of four (4) replacement Hybrid Electric 40 foot buses that will be used in GTA's fixed route service. The North Carolina Department of Transportation recently approved a state funding match request in the amount of $159,268 to support eligible expenses. A resolution must be approved to accept these funds.
BACKGROUND:
At the January 6, 2015 meeting, the Greensboro City Council approved a budget ordinance establishing FY2014 FTA Congestion Mitigation Air Quality Grant funding in the amount of $2,090,000. These funds will be used to replace four (4) 40 foot fixed route buses that have exceeded FTA's useful life standards, both in years of service and mileage. The North Carolina Department of Transportation has approved a state funding match request in the amount of $159,268 to support eligible expenses. Previously, the 17% required local match was coming entirely from local funds.
BUDGET IMPACT:
The North Carolina Department of Transportation will contribute $159,268 towards the purchase of the replacement buses. This will allow the City to reduce its required match.
The original funding is as follows:
$2,090,000 (83%) Federal
$ 428,072 (17%) Local
$2,518,072 (100%) Total
The revised funding will be as follows:
$2,090,000 (83%) Federal
$ 268,804 (11%) Local
$ 159,268 (6%) State
$2,518,072 (100%) Total
A budget adjustment will be required to reduce the amount of local funds budgeted in the account.
RECOMMENDATION / ACTIO...
Click here for full text