STRATEGIC PRIORITY: Transportation & Infrastructure
AGENDA DATE: June 14, 2023
COUNCIL DISTRICT(S): All
DEPARTMENT: Department of Transportation
EXECUTIVE: Dr. Robert Perez
______________________________________________________________________
SUBJECT
title
Authorize (1) an Interlocal Agreement (ILA) with Dallas Area Rapid Transit (DART) for the distribution of up to $80,000,000.00 in funding from DART which consists of the City's portion of (i) excess sales tax funds from DART of approximately $72,000,000.00 and (ii) additional RTC funds of approximately $8,000,000.00, (with approximately $50,000,000.00 being made immediately available to the City and approximately $30,000,000.00 to be made available to the City upon completion of certain milestones), all the funds received are to be used to complete projects eligible for this funding that will benefit DART's Public Transportation System or provide Complementary Transportation Services located in Dallas; (2) the establishment of appropriations in an amount not to exceed $80,000,000.00 in DART Public Transportation System Projects Fund (3) the receipt and deposit in an amount not to exceed $80,000,000.00 in DART Public Transportation System Projects Fund; and (4) approval of the proposed use of funds for various projects eligible for funding in accordance with the ILA - Estimated Revenue: DART Public Transportation System Projects Fund $80,000,000.00
body
BACKGROUND
On September 27, 2022, pursuant to DART Board Resolution 220135, the DART Board of Directors approved DART's Fiscal Year 2023 budget which included $214,250,000.00 in allocation of excess sales tax revenues to DART's service area cities. The intent of this allocation is to support DART's Public Transportation System or provide Complementary Transportation Services.
On October 25, 2022, pursuant to DART Board Resolution 220153, the DART Board accepted $19,674,000.00 in federal funds from the Regional Transportation Council (RTC), which is the tran...
Click here for full text