Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Enter into an Agreement with the Regional Transportation Council for Award of Transportation Development Credits for Various Mobility Management and Preventative Maintenance Expenses Related to the Collin County Transit Program
Summary
COUNCIL GOAL: Direction for Strategic & Economic Growth
(1A: Establish regional and infrastructure incentives to increase economic growth)
MEETING DATE: December 05, 2023
DEPARTMENT: Housing & Community Development, Transit Services
CONTACT: Akia Pichon, Transit Administrator
RECOMMENDED CITY COUNCIL ACTION:
• Approval of the Resolution.
ITEM SUMMARY:
• This Resolution authorizes the City Manager to enter into an Agreement with the Regional Transportation Council (RTC) for Award of Transportation Development Credits for Mobility Management and Preventative Maintenance Expenses related to the Collin County Transit program.
BACKGROUND INFORMATION:
• The Regional Transportation Council (RTC) is the regional transportation policy body associated with the North Central Texas Council of Governments (NCTCOG), our regional Metropolitan Planning Organization, and is comprised primarily of local elected officials.
• The City of McKinney has previously been awarded Transportation Development Credits (TDC’s) by NCTCOG for adopting policies, programs, and projects that reflect regional priorities and support Mobility 2045 goals.
• A TDC is a financial accounting tool approved by the Federal Highway Administration that allows states to use federal funding on projects without the typical requirement of a cash match. In other words, cities can leverage awarded TDC’s, if approved, to offset their obligated local match for a project.
• The intent of the Collin County Transit project is to provide transit opportunities to residents over the age of 65, residents with a disability, or residents who are low-income.
• In September 2023, the City of McKinney was notified that the RTC approved the TDC funding for the Collin County Transit Program and the project was included in the 2023-2026 Transportation Improvement Program (TIP).
• An agreement has been prepared by the NCTCOG for execution by the City of McKinney which generally outlines the following related to award of TDC’s for the Collin County Transit Program (“Project”):
o Award and use of $109,854 in TDC’s as a match to certain federal grant funds for the Project;
o Separate funding agreements may be required at a later date for use of federal grant funds for the Project;
• These TDCs may be used to fund planning and execution of transit service programs designed for the aging adult population, preventative maintenance expenses on existing federally funded rolling stock transit vehicles, or to replace an existing federally funded rolling stock transit vehicle.
FINANCIAL SUMMARY:
• The agreement will allow the City to leverage TDC’s in lieu of an estimated $109,854 local match for $549,270 in federal grant funding for the Collin County Transit project. These funds are to be programmed with the McKinney Urban Transit District and this federal grant funding has not yet been applied for.
BOARD OR COMMISSION RECOMMENDATION:
• N/A