STRATEGIC PRIORITY: Transportation & Infrastructure
AGENDA DATE: April 12, 2023
COUNCIL DISTRICT(S): All
DEPARTMENT: Department of Transportation
EXECUTIVE: Dr. Robert Perez
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SUBJECT
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Authorize an agreement between the City of Dallas and the Regional Transportation Council (RTC) to (1) outline the roles and responsibilities of each party for the use of Metropolitan Planning Organization Transportation Development Credits ("TDCs") for fifteen City of Dallas projects; and (2) accept the 8,915,616 TDCs awarded by RTC to be used in lieu of a local cash match to future federal funds for the fifteen projects - Financing: This item has no cost consideration to the City (see Fiscal Information)
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BACKGROUND
The Regional Transportation Council (RTC) awarded 8,915,616 local and regional Transportation Development Credits (TDCs) to the City of Dallas to utilize for the projects identified in Exhibit A in lieu of the required local cash match for the federally funded transportation projects. Any unused TDCs shall be reallocated to other projects as solely determined by the RTC.
The use of federal funding requires a 20 percent local cash match, which will be satisfied by using 8,915,616 Metropolitan Transportation Plan TDCs for the fifteen projects. The projects will become 100 percent federally funded once TDCs are utilized.
A TDC is a Federal Highway Administration financing tool that allows states to use federal funding without the requirement of a cash match. These credits are non-cash credits allocated to states to account for toll road and tolled managed lanes that benefit the federal system. RTC awarded TDCs to the City of Dallas for its policies, programs, and projects that support regional 2045 Metropolitan Plan goals.
According to the Texas Administrative Code (43 TAC ?5.110), agencies receiving TDCs from a Metropolitan Planning Organization (MPO) for a project must enter into an ...
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