TO: AC Transit Board of Directors
FROM: Michael A. Hursh, General Manager/Chief Executive Officer
SUBJECT: Application for MTC's Transit Capital Priorities Program
ACTION ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
Title
Consider authorizing the General Manager or his designee to file and execute applications for funding from the Metropolitan Transportation Commission (MTC) through MTC's Transit Capital Priorities (TCP) Program for Federal Fiscal Years (FFY) 2024-25, 2025-26, 2026-27, 2027-28, and 2028-29.
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 TCP Program provides the District with multi-year funding for vehicle replacements, zero emission bus (ZEB) infrastructure, and paratransit operating support.
BUDGETARY/FISCAL IMPACT:
The District is requesting approximately $480 million in federal funding for FFYs 2024-25 through 2028-29 to fund fleet replacements, various ZEB infrastructure capital projects and paratransit operating support. Over the five-year span, the District will have to provide local matching funds of approximately $153 million.
The request includes nearly $40 million for paratransit operating support. This funding requires a 20% match of approximately $10 million, which will be satisfied by the District's existing operating funds that are earmarked for the paratransit expenses in each year. The remaining $113 million in matching funds for vehicles and ZEB facilities will need to be funded by other state and local grants or by District capital funds. If the required local match for a capital purchase cannot be fulfilled, or if the District decides to purchase vehicles of a different fueling technology, the District has some flexibility to defer a purchase until the required matching or additional funds are identified.
BACKGROUND/RATIONALE:
On May 26, MTC released a ...
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