Title
Resolution to Accept Matching Funding from NC Department of Transportation to Reduce Local Match for Federal Fiscal Year 2014 CMAQ 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:
NCDOT has approved a state funding match request in the amount of $40,373 to support the purchase of a fixed route bus to be delivered in June 2016. 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 (CMAQ) grant funding in the amount of $2,090,000. At the February 16, 2016 meeting, City Council adopted a resolution to accept matching funds from the North Carolina Department of Transportation (NCDOT) in the amount of $159,268 to support eligible expenses related to the purchase of the three (3) fixed route buses, thus reducing the City's local match requirement. NCDOT has approved an additional state funding match request in the amount of $40,373 to support eligible expenses related to the purchase of the one (1) fixed route bus, which is due to be delivered in June 2016.
BUDGET IMPACT:
The current budget for the CMAQ Replacement Buses FY 14 account (567-4502-01) is as follows:
$2,090,000 (83%) Federal
$ 268,804 (11%) Local
$ 159,268 (6%) State
$2,518,072
The additional state funding will reduce the local match by $40,373. The revised budget will be as follows:
$2,090,000 (83%) Federal
$ 228,431 (9%) Local
$ 199,641 (8%) State
$2,518,072
A budget adjustment is 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...
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