SUBJECT
title
Authorizing the Laredo Mass Transit Board to approve the Federal Transportation Administration (FTA) Opinion of Counsel Letter and Authorizing Resolution for Laredo Transit Management, Inc. - El Metro.
body
PREVIOUS COUNCIL ACTION
N/A
BACKGROUND
FTA Opinion of Counsel letter serves as a legal document where an applicant's attorney formally confirms their legal authority to apply for and receive federal transit funding from the Federal Transit Administration (FTA), citing relevant state and local statutes and assuring that no legal impediments exist to receiving the grant money; essentially verifying the applicant's capacity to undertake the proposed project and manage the funds.
COMMITTEE RECOMMENDATION
STAFF RECOMMENDATION
recommendation
Staff recommends the approval of this resolution.
end
Fiscal Impact
Fiscal Year: N/A
Budgeted Y/N?: N/A
Source of Funds: N/A
Account #: N/A
Change Order: Exceeds 25% Y/N: N/A
FINANCIAL IMPACT:
No financial impact.