AGENDA TITLE:
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Adopt a Resolution Authorizing City Manager to Execute SB 125 Fund Transfer Agreement between San Joaquin Council of Governments and City of Lodi for Fiscal Years 2024/25 and 2025/26 ($3,779,100) (PW)
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MEETING DATE:
November 20, 2024
PREPARED BY:
Public Works Director
recommendation
RECOMMENDED ACTION:
Adopt a Resolution Authorizing City Manager to Execute Senate Bill 125 Fund Transfer Agreement between San Joaquin Council of Governments and City of Lodi ($3,779,100).
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BACKGROUND INFORMATION:
The California State Transportation Agency (CalSTA), through Senate Bill (SB) 125, has issued funding to San Joaquin Council of Governments (SJCOG) to be distributed to transit agencies within San Joaquin County for transit projects. The funding will specifically be made available to transit agencies through the Transit and Intercity Rail Capital Program (TIRCP) and Zero-Emission Transit Capital Program (ZETCP). The SB 125 funding is for a four (4)-year period, but only two (2) years of funding have been announced as "unfrozen" and available for disbursement by the State of California. These funding allocation years are Year 1 (FY23/24) and Year 2 (FY24/25). The total of SB 125 funding in San Joaquin (SJ) County for Years 1 and 2 is approximately $68 million.
On February 22, 2024, the SJCOG Board of Directors approved a formula distribution of SB 125 funds for Year 1 and Year 2 funding allocations, on the condition that these funds are used only by existing transit operators to address their operational cost shortfalls associated with the COVID-19 pandemic. Funds not spent by transit operators specifically for this purpose are subject to the intercept clause in the agreement which requires the City to repay the funds to SJCOG and SJCOG to withhold future payments to the City for other purposes. On August 22, 2024, the SJCOG Board of Directors authorized the SJCOG Executive Director to enter into fund transfer agreements with ...
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