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 wa...
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