| | | | | | | | Council Communication
Department: Public Works Admin
Case/Project No.:
Submitted by: Matthew Cox, Public Works Director | Resolution 23-82
ITEM 3.E. | Council Action: 3/27/2023 |
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| | | | | | | | Description
Resolution setting a public hearing for 7:00 p.m. on May 8, 2023, for the FY2024 State Transit Assistance. |
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| | | | | | | | Background/Discussion
Every year the City of Council Bluffs is required to submit an Iowa DOT Authorizing Resolution for State Transit Assistance (STA) for transit operations with the Iowa Department of Transportation’s Joint Participation Agreement to provide Transit Assistance to Iowa’s public transit system.
Before the City receives the Iowa DOT Authorizing Resolution for Transit Assistance with the Iowa Department of Transportation, the City is required to hold a public hearing. The notice must be published at least 30 days ahead of the scheduled public hearing. It is recommended a public hearing regarding the FY2024 projected STA payments be set for May 8, 2023.
We are required to submit to the Iowa DOT Office of Public Transit a notice of public hearing, the approved resolution and copy of city council minutes of the meeting where the public hearing is held. Following receipt of this information, the Iowa Department of Transportation will send the Iowa DOT Authorizing Resolution for signature.
The State Transit Assistance formula is based on ridership, revenue miles, operating expense and local match.
The projection for FY2024 is $274,220 in STA payments.
The projected FY2024 budget for transit is $2,330,300 in expenditures and projected revenues of $1,306,252 in transit tax levy, $274,220 in State Transit Assistance, $144,000 from Metro Area Transit in reimbursement, $315,000 in Enhanced Mobility of Seniors and Individuals with Disabilities Grants (5310), $35,000 in Special Transit Assistance fares and $85,000 in Metro fares.
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| | | | | | | | Recommendation
Approval of this resolution to continue receiving state funding for transit operations.
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