Title
Consider a resolution authorizing the Mayor to execute a Memorandum of Understanding with Capital Metropolitan Transportation Authority Regarding the Provision of Federal Transit Administration Section 5307 and Section 5339(a) Program Funds for Fiscal Years 2027 and 2028.
Body
This Memorandum of Understanding (MOU) outlines the agreement between the City of Round Rock and Capital Metro regarding the provision of Federal Transit Administration (FTA) Section 5307 and 5339(a) funds.
Capital Metro is the Designated Recipient under the Urbanized Area Formula Funding Program (5307) and Bus & Bus Facilities Funding Program (5339(a) as appropriated by Congress and the Federal Transit Administration (FTA) for the Austin urbanized area. This MOU outlines the Parties’ mutual intent and understanding with respect to CapMetro’s authorization of the City as a direct recipient.
During the term of this MOU, the City is authorized to apply for a share of the Section 5307 and Section 5339(a) funds as appropriated by Congress and distributed to Capital Metro as the Designated Recipient for the Austin urbanized area.
Terms of Agreement:
Fiscal year 2027 (October 1, 2026 - September 30, 2027)
Fiscal year 2028 (October 1, 2027 - September 30, 2028)