TO: AC Transit Board of Directors
FROM: Michael A. Hursh, General Manager/Chief Executive Officer
SUBJECT: FY22-23 Transit Performance Initiative (TPI) Investment
ACTION ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
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Consider adoption of Resolutions 23-043 and 23-044 authorizing the General Manager, or his designee, to file and execute applications and funding agreements with the Metropolitan Transportation Commission (MTC) for the FY 2022-23 Transit Performance Initiative - Investment (TPI-Investment) grant program for the Foothill Corridor Planning Study and MacDonald Transit Signal Priority (TSP) Project.
Staff Contact:
Chris Andrichak, Chief Financial Officer
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STRATEGIC IMPORTANCE:
Goal - Financial Stability and Resiliency
Initiative - Financial Efficiency and Revenue Maximization
The award of these grant funds for these projects will help the District fund vital capital projects that will improve transit performance.
BUDGETARY/FISCAL IMPACT:
The District has been programmed approximately $3.8 million in Fiscal Year 2022-23 TPI-Investment program grant funds to do a planning study of the Foothill Corridor in Oakland and install Transit Signal Priority (TSP) equipment and optimize bus stops along MacDonald Avenue in Richmond. As was previously identified, a local match of 11.47% (approximately $500,000) is required, which will come from District capital or other grants.
BACKGROUND/RATIONALE:
The TPI program is administered by MTC. For FY 2023, MTC estimates a minimum of $15 million of One Bay Area Grant (OBAG) funds along with a potential augmentation of $4 to $6 million Cap-and-Trade Low Carbon Transit Operations Program (LCTOP) funds. The TPI program's goal is to fund lower-cost capital improvements that will improve operations and customer experience on urban trunk lines.
The funds have been programmed by MTC, and resolutions are required from the District to fulfill the requirements of the OBAG program.
The fundi...
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