SUBJECT
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Authorizing the City Manager to accept and execute the Federal Transit Administration (FTA) FY2022 Section 5339 (c) Low or No Emission Grant Program in the amount of $8,761,630.00. Funding will be used to purchase fourteen (14) CNG buses. The required local match is for $1,331,245.00 and FTA share is for $7,430,385.00. Funding is available in the Transit Capital Grants Fund.
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PREVIOUS COUNCIL ACTION
On 06/06/2022, Council approved to submit Section 5339 (c) Low or No Emission Grant Program grant application.
BACKGROUND
On March 7, 2022, FTA announced approximately $1.1 billion available for Fiscal Year 2022 grants to help modernize bus fleets and bus facilities across the country, including the help transit agencies purchase or lease low-or no-emission vehicles that use advanced technologies to help improve air quality and combat change.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Staff recommends approval of resolution.
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Fiscal Impact
Fiscal Year: 2024
Budgeted Y/N?: Y
Source of Funds: Transit Capital Grant Fund
Account #: 518-5180-584-9000
Change Order: Exceeds 25% Y/N: N
FINANCIAL IMPACT:
Funding is available in Transit Capital Grant Fund.