Title
CATS Fiscal Year 2021 Capital Investment Plan Budget Amendment
Action
Action:
A. Accept a grant in the amount of $3,723,712 from the Federal Transit Administration for electric buses and chargers,
B. Accept a grant in the amount of $1,280,000 from the North Carolina Departments of Transportation and Environmental Quality for hybrid or electric buses, and
C. Adopt a budget ordinance appropriating $9,047,424 in grant funds and fund balance in the CATS Debt Service Reserve Fund to the CATS Capital Investment Plan Fund.
Body
Staff Resource(s):
John M. Lewis, Jr., CATS
Blanche W. Sherman, CATS
Explanation
§ Throughout the year, the Charlotte Area Transit System (CATS) receives Notice of Funding Opportunities (NOFOs) from the Federal Transit Administration (FTA) and the North Carolina Department of Transportation (NCDOT).
§ The NOFOs provide CATS with the opportunity to acquire capital funding to advance the 2030 Transit Plan and operating funds for marketing and planning services.
§ This action will allow CATS to receive capital funding to maintain the state of good repair through vehicle replacements and to participate in a pilot program with Duke Energy for the deployment of electric buses in CATS services.
§ In March 2020, CATS applied for Low or No Emissions Grant Funding. On June 2, 2020, the FTA awarded CATS $3,723,712 in federal funding to purchase six electric buses and chargers. CATS will match the federal funding in the amount of $3,723,712.
§ In September 2019, CATS applied for the Volkswagen Settlement Fund Grant. On July 29, 2020, NCDOT and the North Carolina Department of Environmental Quality awarded CATS $1,280,000 from the Volkswagen Settlement Fund Grant. The award will provide two hybrid or electric buses. CATS will match the federal funding in the amount of $320,000.
Fiscal Note
Funding: CATS Capital Investment Plan
Attachments
Attachment(s)
Budget Ordinance