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A RESOLUTION EXPRESSING THE WILLINGNESS OF THE CITY OF JONESBORO, ARKANSAS TO AUTHORIZE THE GRANTS AND COMMUNITY DEVELOPMENT DEPARTMENT TO APPLY FOR THE FEDERAL TRANSIT ADMINISTRATION (FTA), FY 2022 AND 2024 49 U.S.C SECTION 5307 FORMULA GRANTS FOR THE JONESBORO ECONOMICAL TRANSPORTATION (JET) SYSTEM
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WHEREAS, the Arkansas Department of Transportation (ARDOT) is the FTA designated recipient of the 49 U.S.C Section 5307 Urbanized Area Formula Grant and the City of Jonesboro a direct recipient of this grant through ARDOT; and,
WHEREAS, the City of Jonesboro was allocated $2,657,922 in Section 5307 formula funding for JET in Fiscal Years 2022 and 2024; and,
WHEREAS, Section 5307 funds are available during its allocated fiscal year plus five additional years and must be applied for and obligated for spending or the funds will be returned; and,
WHEREAS, JET requests $2,657,922 in Section 5307 formula funding with a $1,848,560 local match for operating assistance and capital projects.
Federal Local
Operating Assistance $1,578,768 $1,578,768 (50%)
Capital Projects $1,079,154 $ 269,792 (20%)
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF JONESBORO, ARKANSAS THAT:
SECTION 1: The Jonesboro City Council pledges its full support for the submission of applications for FY 2022 and 2024 Section 5307, Urbanized Area Formula Grants, to USDOT-FTA.
SECTION 2: The Mayor or the Mayor’s designee are hereby authorized by the City Council for the City of Jonesboro, Arkansas to execute all necessary documents to effectuate the grant applications.
SECTION 3: The Grants and Community Development Department is hereby authorized by the City Council for the City of Jonesboro, Arkansas to submit all necessary documen...
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