TO: AC Transit Board of Directors
FROM: Michael A. Hursh, General Manager
SUBJECT: Revised Application for MTC Transit Capital Priorities Program Funds
ACTION ITEM
RECOMMENDED ACTION(S):
Title
Consider adoption of Resolution No. 21-034 authorizing the General Manager or his designee to file and execute revised applications with the Metropolitan Transportation Commission (MTC) for MTC's Transit Capital Priorities (TCP) Program for Federal Fiscal Year (FY) 2021-22, FY 2022-23, FY 2023-24, and FY 2024-25, 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 and paratransit operating costs.
BUDGETARY/FISCAL IMPACT:
The District is requesting approximately $159 million in federal funding for Federal Fiscal Years 2021-22 through 2024-25 to fund various capital projects and paratransit operating support. Over the four-year span, the District will have to provide local matching funds of approximately $50.5 million.
The request includes nearly $30 million for paratransit operating support. This funding requires a 20% match of approximately $7.5 million, which will be satisfied by the District's existing operating funds that are earmarked for paratransit expenses in each year. The remaining $43 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 defer a purchase until the matching or additional funds are identified.
BACKGROUND/RATIONALE:
MTC is the federally designated recipient of the FTA Section 5307, 5337, and ...
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