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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: 15-00170 Date: 1/27/2015 Commission Meeting Date: 3/12/2015 Type: < Resolution Other Requesting Department: CITP District Impacted: 2 Ordinance P1 Emergency Ordinance ( f Discussion Item Law Department Matter ID No. 15-148 Subject: Resolution to accept contribution of $1,002,362 from the Florida Department of Transportation ("FDOT") to help offset costs associated with the Coral Way Trolley service. Purpose of Item: To authorize the City Manager to execute a Joint Participation Agreement with the Florida Department of Transportation and accepting the State of Florida's contribution, in the amount of $1,002,362 for operating costs associated with the Coral Way trolley services. Background Information: On October 27, 2011, pursuant to Resolution No. 11-0454, the City Commission authorized execution of an Interlocal Agreement, subsequently dated March 5, 2012, with Miami -Dade County for the provision of Public Transportation Services which, among other things, formally established the Coral Way route. On November 15, 2012, pursuant to Resolution No. R-12-0443, the City Commission authorized the City Manager to execute a modification to the Coral Way route expanding transportation options to travelers. This action will provide for funds to support operations for the Coral Way trolley service. The required 50% matching funds are to be allocated from the City's shares of the Transit Surtax. Budget Impact Analysis NCB Is this item related to revenue? YES Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No; CIP Project No: 40 Coral Way Trolley NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: CIP $1,002,362 If using; or receiving capital funds Grants Purchasing Chief Final Approvals (SIGN AND DATE) Budget Risk Manfagement 111.1111}.1111111Wir Dept. Director City Manage Art Page 1 of 1