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  Item No. 15.       
Meeting Date: 08/12/2021  
COMMITTEE: Finance  
CONTACT: Juan Fuentes CHAIR: Jason Perry

ACTION REQUESTED:
Resolution 21-55 – Consideration of Resolution 21-55 approving the City of Roswell Financial Commitment  to fund Roswell Transit for the federal fiscal year October 1, 2022 to September 30, 2023. (Perry/Hicks)
BACKGROUND:
Initiated by: Becky Hicks
 
The State of New Mexico receives federal funding through the New Mexico Department of Transportation from the Federal Transit Administration (FTA) under U.S.C. 5311.
 
The NMDOT administers this program to provide funding assistance for local public transportation programs.
 
As part of the application process for this funding, the NMDOT requires a letter of resolution of financial commitment. This year’s deadline is August 27, 2021 for the federal fiscal year ending September 30, 2023.
FINANCIAL CONSIDERATION
Financial support from the NMDOT is critical to the continuation of Roswell Transit as the grant program provides 50 percent of our operating expenses and 80 percent of both administrative and capital expenses. The administrative budget request is for $350,580, the operating budget request is for $1,208,000 and the capital outlay budget request is for $480,384. The local match for the year is (20-50-20) $770,192.80.
LEGAL REVIEW:
The resolution has been submitted to the City Attorney for review.

Resolutions must be adopted by a majority vote of the entire City Council.
BOARD AND COMMITTEE ACTION:
The Finance Committee recommended (3-0) approval at their meeting on August 5, 2021.
STAFF RECOMMENDATION:
Consideration of Resolution 21-55 approving the City of Roswell Financial Commitment  to fund Roswell Transit for the federal fiscal year October 1, 2022 to September 30, 2023. 
Attachments
ATT 1 - Resolution 21-55 Financial Commitment Roswell Transit
ATT 2 - Resolution 21-55 Roswell Transit


    

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