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HomeMy WebLinkAbout11283RESOLUTION NO. 11283 A RESOLUTION AUTHORIZING THE CITY OF PUEBLO TO APPLY FOR A 2008 STATE SENATE BILL 1 FUNDING TO REPLACE A TOTAL OF FIVE NON -ADA AND PRE -ADA TRANSIT BUSES WHEREAS, the City of Pueblo supports the replacement of five Non -ADA and Pre -ADA transit buses and the submittal of a grant application to the State of Colorado for Senate Bill 1 funding to replace these buses BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: The grant application for the replacement of five Non -ADA and Pre -ADA transit buses to the State of Colorado Senate Bill 1 funding, a copy of which is attached hereto is approved. The President of City Council is authorized to execute and deliver the Grant Application in the name of the City and the City Clerk shall affix the seal of the City thereto and attest the same. INTRODUCED Aoril28.2008 M Judy Weaver Councilperson r°T y ATTEST D BY: �. � y PRESIf NT'ei Council 9 eS . 1 US3 Background Paper for Proposed RESOLUTION AGENDA ITEM # I DATE: April 28, 2008 DEPARTMENT: PUEBLO TRANSIT DANIEL E. CENTA, P.E. DIRECTOR OF PUBLIC WORKS TITLE A RESOLUTION AUTHORIZING THE CITY OF PUEBLO TO APPLY FOR A 2008 STATE SENATE BILL 1 FUNDING TO REPLACE A TOTAL OF FIVE NON -ADA AND PRE -ADA TRANSIT BUSES ISSUE Should City Council approve the submittal of an application for a Senate Bill 1 State funding to replace five transit buses. Approval of the Resolution BACKGROUND The State's Senate Bill 1 program provides funding for strategic transportation projects, and there is a legislative requirement that at least 10% of such strategic transportation project revenues shall be expended for transit purposes or for transit - related capital improvements. The Senate Bill 1 program is expected to have revenues available over the next five years. Approximately $21.6 million dollars were available in 2006 and the funding for 2007 -2010 is currently estimated to be $39 million. The City will procure these buses through a piggyback option in 2008 -2009 from a transit authority holding a contract to purchase 35' -40' buses. FINANCIAL IMPACT The total project cost is $1,625,000. The state match at 80% is $1,300,000 and the required City match at 20% is $325,000 to be appropriated out of the City's Reserves Fund.