Resolution authorizing the Mayor to apply for FY2024 State Transit Assistance through the Iowa Department of Transportation.

Every year the City of Council Bluffs is required to submit an 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.

Prior to receiving the funding, the City is required to submit to the Iowa DOT Office of Public Transit a notice of public hearing on the use of STA funds for the City’s public transit systems, the Authorizing Resolution for Transit Assistance with the Iowa Department of Transportation, and a copy of city council minutes of the meeting where the public hearing is held.

The State Transit Assistance formula is based on ridership, revenue miles, operating expense and local match.

The Iowa Department of Transportation has indicated that the City will be eligible for an estimated $274,220 in STA payments for FY2024.  Application for the assistance has been prepared by city staff and must be submitted to the Iowa DOT.

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.

Approval of this resolution to continue receiving state funding for transit operations.