Subject:
Title
Approval, Re: Authorizing Resolution, Grant Application, Execution of Follow Up Grant Agreement with Federal Transit Administration re: FY2020 Space Coast Area Transit CARES Act Formula Grant
End
Fiscal Impact:
$17,872,063 from Federal Transit Administration CARES Act Funds (4136/TBD)
Dept/Office:
Transit Services
Requested Action:
Recommendation
It is requested that the Board of County Commissioners approve the following actions for the 2020 CARES ACT Urbanized Area Formula Program from the Federal Transit Administration (FTA) in the amount of $17,872,063:
* the Chair to sign the Authorizing Resolution,
* the Chair to sign the Grant Application,
* the Chair to sign the Designation of Signature authority allowing staff to submit the Grant electronically,
* Authorize the County Manager to execute necessary Budget Change Requests,
* the Transit Director to execute and submit the Grant Agreement electronically, contingent upon County Attorney and Risk Management approval,
* the Transit Director to execute any additional follow-up documentation/resolutions and amendments necessary to secure these funds.
End
Summary Explanation and Background:
On Friday, March 27, 2020 the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. The CARES Act provided for $25 billion in Federal Transit Administration (FTA) funds for public transit formula operating and capital grants to prevent, prepare for, and respond to COVID-19 pandemic. The bill provided that FTA distribute the transit funds proportionally based on the ratio funding of four specific programs; one of which is the Urbanized Area Formula Grants (49 U.S.C. 5307). Space Coast Area Transit/Brevard County Board of County Commissioners is an eligible recipient of Section 5307 funds.
The CARES Act transit funds were established to provide funding to prevent, prepare for and respond to the COVID-19 pandemic. The guidelines for utilizing these funds are still coming t...
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