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 2025 and 2026.
Body
Consider a resolution to execute a Memorandum of Understanding (MOU) with Capital Metropolitan Transportation Authority (CapMetro). This MOU supersedes MOU R2024-239 dated September 12, 2024 to allow for the inclusion of Section 5339(a) formula funding for Buses and Bus & Passenger Facilities.
The Urbanized Area Formula Grants under Sections 5307 and 5339(a) of Title 49, United States Code, provide federal funding allocations for public transportation and bus and bus facilities, respectively. CapMetro receives the federal apportionments from the Federal Transit Administration (FTA) and is the Designated Recipient for the Austin UZA. CapMetro is authorized to allocate funding to other eligible entities within the UZA.
This MOU outlines the intent and understanding between CapMetro and the City in order for the City to be a Direct Recipient for the Section 5307 and Section 5339(a) funds for Fiscal Years 2025 and 2026. The City will be responsible for meeting all applicable FTA program requirements, including providing required local matching funds.
The exact amounts of funding will be allocated by Congress to FTA through annual appropriations bills.
The MOU will expire at the end of FY 2026.