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FY 2022 Section 5307
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DESCRIPTION: Grant Application for FY 2022 Section 5307 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 the fiscal year 2022 Section 5307 Formula Funds. Section 5307 funding is our capital funding which is used for the Preventative Maintenance costs associated with Bus and Para Transit Vehicles. Also, Security hardware, Cipher locks/Card readers, and Interim Downtown Transfer Centers for Bus shelters. As well as Preventative Maintenance costs, surveillance, and security features for Ferry vessels. In addition, 1% of this allocation is assigned to Security for its’ use.
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DISCUSSION:
In order to receive FY 2022 Section 5307 Formula Grant Funds, an application will need to be submitted to the Federal Transit Administration (FTA).
FINANCIAL IMPACT:
Total Budget is $17,826,404; Federal Share is $14,261,123 and RTA Local Match is $3,565,281.
NEXT STEPS:
Upon Board approval staff will submit the FY 2022 grant application for Section 5307.
ATTACHMENTS:
1. Board Resolution FY 2022 Section 5307
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