Loading...
Ord 31-2011 6/21/2011ORDINANCE NO. 31 -2011 Ordinance Accepting A Federal Transit Administration State Of Good Repair Grant For Transit Bus Replacement In The Amount Of $592,000 And Appropriating $151,282 From General Fund Reserves For The City's Estimated Local Match WHEREAS, the Federal Transit Administration recognizes the need to replace transit capital infrastructure; WHEREAS, the Federal Transit Administration offers grants to offset local transit infrastructure improvements; WHEREAS, the City of Wichita Falls applied for and received $592,000 in Federal Transit Administration grant assistance to replace two transit buses; WHEREAS, the cost to purchase two replacement buses is estimated at $743,282; WHEREAS, the City of Wichita Falls' local match for the purchase of these two buses is estimated at $151,282; and WHEREAS, the City Council desires to use General Fund Reserves for the local match requirements of this grant, with the expectation that these funds will be offset with transit advertising revenue. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: 1. The City Manager is authorized to execute all documents necessary to accept the Federal Transit Administration State of Good Repair grant in the amount of $592,000 for the purchase of two 35 -foot, low -floor transit buses. 2. The amount of $151,282 is hereby appropriated from General Fund Reserves for the City's cost of purchasing two 35 -foot, low -floor buses. PASSED AND APPROVED this the 21St da of June, 2011. MAYOR