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Subject: (Direct Referral) Communication from the Transit and Parking System Manager requesting permission to accept a $4,760,000 grant with the Federal Transportation Administration under the State of Good Repair Program to be utilized to purchase 14 (fourteen) 35' low floor buses. (Res. 11-2842)
Recommendation of the Finance & Personnel Committee on 11-21-11: The Mayor and City Clerk be authorized and directed to enter into a $4,760,000 agreement with the the Federal Transportation Administration under the State of Good Repair Program to be utilized to purchase 14 (fourteen) 35' low floor buses.
Fiscal Note: The City of Racine has a 20% match required in the amount of $1,190,000 that is included in the 2013 Capital Improvement Plan.