TO: AC Transit Board of Directors
FROM: Michael A. Hursh, General Manager
SUBJECT: Application for MTC Transit Capital Priorities Program Funds
ACTION ITEM
RECOMMENDED ACTION(S):
Title
Consider adoption of Resolution No. 20-040 authorizing the General Manager or his designee to file and execute applications with the Metropolitan Transportation Commission (MTC) for the Transit Capital Priorities (TCP) Program for Federal Fiscal Years 20-21, 21-22, 22-23, 23-24 and 24-25, including Federal Transit Administration (FTA) Sections 5307, 5337, 5339 and Surface Transportation Program (STP) funds.
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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 capital vehicle replacements, infrastructure, and operating support.
BUDGETARY/FISCAL IMPACT:
The District is requesting approximately $293.0 million in federal funding for Federal Fiscal Years 20-21 through 24-25 to fund various capital projects and paratransit operating support. Over the five-year span, the District will have to provide local matching funds of approximately $94.5 million.
The request includes nearly $36.0 million for paratransit operating support. This funding requires a 20% match of approximately $9.0 million, which will be satisfied by the District's existing operating funds that are earmarked for the paratransit expenses in each year. The remaining $85.5 million in matching funds for vehicles and infrastructure will need to be funded either by other state and local grants or by District Capital. If the required local match for a capital purchase cannot be fulfilled, the District has some flexibility to defer a purchase until the matching funds are identified.
BACKGROUND/RATIONALE:
MTC is the federally designated recipient of the FTA Section 5307, 5337, and 5339 funds for the Bay Area's 12 urbanized areas. The goal of MTC's TCP program is to fund t...
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