SUBJECT
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Authorizing the Laredo Mass Transit Board to approve and adopt the 2024 Transit Asset Management (TAM) Plan for Laredo Transit Management Inc. - El Metro.
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PREVIOUS COUNCIL ACTION
On June 19, 2017, the Laredo Urban Transportation Study adopted the Transit Asset Management Plan for Resolution No. MPO2017-05.
BACKGROUND
In 2012, the Moving Ahead for Progress in the 21st Century Act (Map-21) mandated, and in 2015 the Fixing America's Surface Transportation Act (FAST) reauthorized the Federal Transit Agency (FTA) to develop a rule to establish a strategic and systematic process of operating, maintaining and improving public transportation capital assets effectively through their entire life cycle. FTA's national Transit Asset Management (TAM) System Final Rule, became effective on October 1, 2016, which:
- Defined "state of good repair: (SGR)
- Required grantees to develop a TAM plan
- Established performance measures
- Established annual reporting requirements to the National Transit Database
- Required FTA to provide technical assistance
The TAM Final Rule required transit providers to set performance targets for state of good repair (SGR) by January 1, 2017. The Planning Rule requires each Metropolitan Planning Organization (MPO) to establish targets no later than June 30, 2017 or 180 days after the date on which the relevant State or provider of public transportation establishes its performance targets.
Transit Asset Management (TAM) is a strategic and systematic practice of procuring, operating, inspecting, and maintaining, rehabilitating, and replacing transit capital assets to manage performance, risks, and costs over their life cycles. This oversight helps to provide safe, cost-effective, and reliable public transportation. TAM uses transit asset condition to guide how to manage capital assets and prioritize funding to improve or maintain a state of good repair.
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STAFF RECOMMENDATION
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