Title
Consider a resolution authorizing the submittal of a grant application for FY 2025 Federal Transit Authority Section 5307 funds for the public transit services.
Body
Consider a resolution authorizing the submittal of a grant application to the Federal Transit Administration (FTA) for FY2025 Section 5307 funding allocation in the amount of $1,280,495.
This application is for the annual formula funds for fiscal year 2025, made available from the Infrastructure Investment and Jobs Act under the Full-Year Continuing Appropriations and Extension Act, 2025. These funds have been reallocated from Capital Metropolitan Transportation Authority, the Designated Recipient for the Austin Urbanized Area.
This grant will be used to fund public transit projects including the fixed route and on-demand services. Both projects will be provided under full turnkey contracts. The Transit Coordinator will provide oversight for the program operations and manage the grants and associated federal requirements.
Total Grant Funds Requested is $1,280,495. The City's matching requirements is $1,610,570.
Cost: $1,610,570.00
Source of Funds: General Fund