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File #: 15-14830    Version: 1 Name:
Type: Business Item Status: Agenda Ready
File created: 12/16/2020 In control: City Council Business Meeting
On agenda: 1/4/2021 Final action:
Title: CATS Fiscal Year 2021 Capital Investment Plan Budget Amendment
Attachments: 1. CATS Budget Ordinance

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