TO: AC Transit Board of Directors
FROM: Michael A. Hursh, General Manager/Chief Executive Officer
SUBJECT: FTA Section 5339 Grant Program Competitive Funding Application(s)
ACTION ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
Title
????Consider authorizing the General Manager or his designee to submit application(s) and execute funding agreements for the Federal Transit Administration (FTA) Section 5339 Competitive Programs (Bus and Bus Facilities Discretionary, and Low and No Emissions Discretionary) for a package of bus purchases, facility improvements, and Workforce Development.
Staff Contact:
Chris Andrichak, Chief Financial Officer
Body
STRATEGIC IMPORTANCE:
Goal - Financial Stability and Resiliency
Initiative - Zero Emission Programs
Securing grant funds for zero emission bus (ZEB) investments will help the District achieve its ZEB transition plan and workforce development goals.
BUDGETARY/FISCAL IMPACT:
Staff recommends applying for up to $100 million in FTA competitive Section 5339 grant funds for a scalable package of bus purchases, facility improvements, and ZEB workforce development. An award of this size would enable the District to implement a diverse package of hydrogen and electric infrastructure as well as secure funding for vehicle purchases. Additionally, it would provide workforce development funding for ZEBs.
FTA Section 5339 Funds require a local match of 20% for any infrastructure and workforce development components, and 15% for any ZEB projects. If the District pursues an application for $100 million, it will require a District contribution of approximately $21 million over 3-5 years of implementation. The application may be scaled down and the District's correlating capital commitment correspondingly reduced. Staff would continue to pursue other grant funds to cover as much of the local match required as possible.
BACKGROUND/RATIONALE:
On February 8, 2024, FTA announced the availability of $1.5 billion ...
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