TO: AC Transit Board of Directors
FROM: Michael A. Hursh, General Manager/Chief Executive Officer
SUBJECT: Resolution of Local Support for MTC Transit Capital Priorities Program Funds
ACTION ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
Title
Consider adoption of Resolution No. 24-036 authorizing the General Manager or his designee to file and execute an amended application with the Metropolitan Transportation Commission (MTC) for MTC's Transit Capital Priorities (TCP) Program for Federal Fiscal Years (FFY) 2024-25 and 2025-26, including Federal Transit Administration (FTA) Sections 5307, 5337, 5339 and Surface Transportation Program (STP) funds.
Staff Contact:
Chris Andrichak, Chief Financial Officer
Body
STRATEGIC IMPORTANCE:
Goal - Financial Stability and Resiliency
Initiative - Financial Efficiency and Revenue Maximization
The TCP Program provides the District with multi-year funding for capital vehicle replacements and paratransit operating support.
BUDGETARY/FISCAL IMPACT:
The District is requesting $178.6 million in federal funding for FFY 2024-25 through 2025-26 to fund various fleet replacement projects and paratransit operating support. Over the lifespan of the projects in Attachment A, the District will have to provide local matching funds of approximately $58 million.
The request includes approximately $15.3 million for paratransit operating support and $3.2 million towards paratransit capital costs. This funding requires a 20% match of approximately $4.6 million, which will be satisfied by the District's existing operating funds that are earmarked for the paratransit expenses in each year. The remaining $53.3 million in matching funds for vehicles will need to be funded by other state and local grants or by District Capital. 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 def...
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