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AI# 12857  Regular City Council Meeting 5.18. 09/24/2024:

Information

Agenda Item

Resolution - Public Transit Services: Consider a resolution authorizing the Mayor to execute a Transportation Development Credit Agreement, TxDOT Project # TDC 2501 (05), with the Texas Department of Transportation, to reallocate Transportation Development Credits (TDCs), and to extend the grant time period the TDCs can be used as a local match.

Item Summary

TxDOT is reallocating 4,500 Transportation Development Credits (TDCs) to the City of Lubbock/Citibus.  The new Transportation Development Credit Agreement reallocates the remaining TDCs that were awarded in a previous agreement, TDC-2016-LUBBOCK-00222, and extends the grant time period that the TDCs can be used as local match for the remaining funds in the FY 2017 Federal Section 5339(c) Low or No Emission Bus Program 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 remaining funds in the FY 2017 Section 5339(c) Low or No Emission Bus Program Grant will not require a local match by the City of Lubbock.    The agreement becomes effective when fully executed by both parties, and will remain in effect until December 31, 2025.    TxDOT requires all grants to 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 Lubbock Public Transit Advisory Board

Attachments Resolution - TDC Agreement 2501(05)- FY 17 Section 5339c TxDOT TDC Agreement #TDC 2501 (05)

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