AGENDA TITLE:
title
Adopt Resolution Authorizing City Manager to Execute Measure K Renewal Cooperative Agreement with San Joaquin Council of Governments for GrapeLine Operations Project, to Receive Funds for Fiscal Years 2023/24, 2024/25, 2025/26 and 2026/27 ($1,600,000) (PW)
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MEETING DATE:
November 15, 2023
PREPARED BY:
Julia Tyack, Transportation Manager
recommendation
RECOMMENDED ACTION:
Adopt resolution authorizing City Manager to execute Measure K Renewal Cooperative Agreement with San Joaquin Council of Governments for GrapeLine Operations Project, to receive funds for Fiscal Years 2023/24, 2024/25, 2025/26 and 2026/27, in the amount of $1,600,000.
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BACKGROUND INFORMATION:
The San Joaquin Council of Governments (SJCOG) administers the regional half-cent sales tax, Measure K Renewal program. Measure K provides funding for a variety of transportation projects, including transit funding.
The Measure K Renewal Cooperative Agreement establishes Measure K funding for Lodi Transit operations that will amount to $1,600,000 over four fiscal years ($400,000 each year) starting July 1, 2023. The City's Short Range Transit Plan Financial Plan includes Measure K funds as a revenue source for transit operations, along with Federal and state funds.
STRATEGIC VISION:
8. Public Well-Being: Be a recognized leader in generating a happy, healthy, high quality of life for all.
FISCAL IMPACT:
Without approval of the Measure K Renewal Cooperative Agreement, the City would not receive Measure K funding for transit operations. This could reduce the amount of Federal and state funds available for capital projects. This revenue was budgeted in Fiscal Year 2023/24 for the transit program. There is no impact to the General Fund.
FUNDING AVAILABLE:
Not applicable.
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Charles E. Swimley
Public Wor...
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