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AI# 10535
Regular City Council Meeting
7.26.
03/22/2022:
Information
Agenda Item
Resolution - Public Transit Services:
Consider a resolution authorizing the Mayor to execute a Transportation Development Credit Agreement, TxDOT Project # TDC 2120 (05), with the Texas Department of Transportation (TxDOT), to assist with the match of Federal funds for capital projects.
Item Summary
TxDOT is allocating 120,415 Transportation Development Credits (TDCs) to the City of Lubbock/Citibus to be used as local match, for the FY 2019 & 2020 Federal Section 5339(a) Bus & Bus Facilities Formula Grant.
The Transportation Development Credits are awarded at the discretion of the Texas Transportation Commission, and are awarded to various public transportation agencies to assist with the match of federal funds for capital projects. Due to the use of TDCs the FY 2019 & 2020 Section 5339(a) Bus & Bus Facilities Formula Grant will not require a local match by the City of Lubbock.
The agreement becomes effective when fully executed by both parties, and shall remain in effect until December 3, 2023.
TxDOT requires that all grants must be executed electronically.
Fiscal Impact
Transportation Development Credits will be used as local match for a federal grant. Acceptance of this agreement will result in no additional cost to the City of Lubbock.
Staff/Board Recommending
Bill Howerton, Deputy City Manager
Chris Mandrell, General Manager of Citibus
Attachments
Resolution - TxDOT TDC Agmt #2120(05)
Agreement - TxDOT TDC #2120(05)
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