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FY 2022 Section 5337
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DESCRIPTION: Grant Application for FY 2022 Section 5337 Formula Funds |
AGENDA NO: Click or tap here to enter text. |
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ACTION REQUEST: ☒ Approval ☐ Review Comment ☐ Information Only ☐ Other |
RECOMMENDATION:
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Authorize the Chief Executive Officer to submit a grant application.
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ISSUE/BACKGROUND:
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Staff is interested in filing a grant application for fiscal year 2022 Section 5337 formula funds. The Section 5337 funding is for the State of Good Repairs on Fixed Guideway vehicles and vehicle facilities. Fixed Guideway represents the streetcars and streetcar facilities. In addition, Preventative Maintenance costs for the Streetcars are also covered under this funding.
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DISCUSSION:
In order to receive FY 2022 Section 5337 formula grant funds an application will need to be submitted to the Federal Transit Administration (FTA).
FINANCIAL IMPACT:
Total Budget is $8,857,870; Federal Share is $7,086,296 and RTA Local Match is $1,771,574.
NEXT STEPS:
Upon Board approval staff will submit FY2022 grant application for Section 5337.
ATTACHMENTS:
1. Board Resolution FY 2022 Section 5337
Prepared By: Melanie Cobb
Title: Grants Analyst II
Reviewed By: Alisa Maniger
Title: Grants Administration Manager
Reviewed By: Gizelle Banks
Title: Chief Financial Officer
7/6/2022
Alex Wiggins Date
Chief Executive Officer