TO: AC Transit Board of Directors
FROM: Michael A. Hursh, General Manager
SUBJECT: STIP Grant Programming Request
ACTION ITEM
RECOMMENDED ACTION(S):
Title
Consider adoption of Resolution No. 19-037 authorizing the General Manager, or his designee, to file and execute documents with the Alameda County Transportation Commission (ACTC) and the Metropolitan Transportation Commission (MTC) for 2020 State Transportation Improvement (STIP) funds for the Replacement of Transbay Buses.
Body
STRATEGIC IMPORTANCE:
Goal - Financial Stability and Resiliency
Initiative - Financial Efficiency and Revenue Maximization
This application will redirect committed funding to help ensure that the District receives the funds in a timely manner.
BUDGETARY/FISCAL IMPACT:
This action will not change the amount of the $13,125,000 of grant funds that was previously committed to the District. The delay in being able to receive these grant funds for the East Bay Bus Rapid Transit (BRT) Project is one of the reasons the District recently contracted for the $35 million line of credit. This action will re-direct the funds to an eligible bus purchase. This will allow grant funds originally intended for the bus purchase to be instead used to repay the line of credit. The bus purchase and BRT Project will both have the same amount of non-District Capital funds as originally intended.
BACKGROUND/RATIONALE:
Through its predecessor agency the Alameda County Congestion Management Agency (ACCMA), ACTC made a $40 million commitment to the BRT project, of which STIP funding was expected to be the majority source. ACTC programmed $5 million in the 2012 STIP cycle, $8 million for the BRT project in the 2014 cycle, and $13.125 million in the 2018 cycle for the BRT Project. The first two STIP programming actions were successful and the District has received the funding.
For the final $13.125 million piece of the commitment, ACTC, MTC, the District's state lobbyist, and Caltrans collectively...
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