Title
CATS Fiscal Year 2019 Operating and Community Investment Plan Budget Amendment
Action
Action:
A. Adopt a budget ordinance appropriating $1,996,758 to the CATS Operating Fund, and
B. Adopt a budget ordinance appropriating $5,711,905 to the CATS Community Investment Fund.
Body
Staff Resource(s):
John Lewis, CATS
Blanche Sherman, CATS
Explanation
* Throughout the year, CATS receives Notice of Funding Opportunities (NOFOs) from Federal Transit Administration (FTA) and North Carolina Department of Transportation (NCDOT). The NOFO's allow the City to receive capital funding to advance the 2030 Transit Plan and operating funds to maintain a state of good repair and prepare for future corridors.
* The net impact to the Operating Fund of $1,996,758 includes a new Transit Oriented Development (TOD) planning grant as well as a reduction in State Operating Assistance and projects previously included in the Capital Fund moved to the Operating Fund. The TOD grant requires a local match, provided by the City of Charlotte ($200,000), City of Gastonia ($20,000), and the City of Belmont ($10,000).
* CATS and Planning, Development, and Design collaborated to submit a proposal to FTA for TOD planning grant funds along the proposed LYNX Silver Line. The proposed LYNX Silver Line is a corridor that stretches East to West across multiple jurisdictions including the Town of Stallings, Town of Indian Trail, Town of Matthews, City of Belmont, City of Gastonia and the City of Charlotte.
* The net impact to the Capital Fund of $5,711,905 includes a new FTA grant for Buses as well as a reduction for projects previously included in Capital Fund being moved to the Operating Fund. Match for the new FTA grant is available in the current Capital fund.
* CATS will use the new FTA grant to purchase twelve new motor coaches. The buses will replace vehicles that have exceed their useful life to expand express service along I-77.
Fiscal Note
Funding: CATS Operating Fund and Communit...
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