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SR-6G (32) 6r. i:J . JBC SG DF IF \TRANS\ADMIN\COUNCIL\WPFILES\SRTP97 Santa MOnica, California ., \J Council Meeting June 10, 1997 JUN 1 0 1991 TO Mayor and City Council FROM City Staff SUBJECT: Authorize the City Manager to File the Short Range Transit Plan Update and Applications for Funds Introduction This report requests the City Council to authorize the City Manager to file a Short Range TranSit Plan (SRTP) Update to permit the Santa MOnica MUniCipal Bus lines to remain eligible for federal and state transit funds In addition, thiS report requests the City Council to authOrize the City Manager to file applications for funds based on the SRTP Backaround In accordance With reqUirements of the Los Angeles County Metropolitan Transportation AuthOrity (MTA), the Southern California ASSOCiation of Governments (SCAG) and the Federal Transit Admimstratlon (FTA), every three years the City must file a Short Range TranSit Plan (SRTP) In order to remain eligible for federal and state funding assistance DUring the second and third years an SRTP Update IS submitted The SRTP projects the Municipal Bus Lines' operating expense and capital program requirements, including fleet replacement, faCility Improvement, equipment modermzatlon and other capital needs 6(r"i .. >~ f . .. ~~ ~~ ~U JUN f 0 1997 While the pnmary purpose of the SRTP Update IS to provide budget information and justification to the MT A for ItS use In making funding allocations for FY 1997-98, the plan does provide projections for the five-year penod FY 1998-2002, based on the Information currently available Also, the SRTP Update reflects the fixed route service programs contained In the Big Blue Bus Service Improvement Plan which was adopted by the City Council on February 25, 1997 Financial AnalysIs The Municipal Bus Lines' financial plan utilizes funding projections based on Its share of MT A's projected county-wide formula allocation of transit funds for fiscal years 1997-98 through 2001-2002 For FY 1997 -98, the formula allocation funds planned for operations by the Transportation Department are projected at $125 million In addition, local operating revenues (fares, charter, advertlsmg, Interest, lease and Proposition A Local Return revenues) are estimated at $9.4 million The FY 1997-98 program contains a $294 million capital Improvement program which Includes construction of a downtown transit mall, faCIlity Improvements, purchase of replacement and expansion transit vehicles, new replacement radiO system, new fare collection system, and bus stop amenities Projected capital expenditures are fully funded from subSidy sources Beyond FY 1997-1998, the SRTP emphasizes operational Improvements includmg additional replacement and expansion vehicles and faCIlity Improvements FY 1997 -98 financial projections serve as the baSIS for preparation of the Transportation Department budget, which will be considered by the City Council during the City budget process Fiscal years beyond 1997-98 will be addressed agam next year In an update to the SRTP, and m future City budgets Recommendatlon City staff recommends that the City CouncIl. 1) Authorize the City Manager to file the Short Range Transit Plan Update for FY 1998-02 with the Los Angeles County Metropolitan Transportation Authority and the Southern California AssOciation of Governments 2) Authorize the CIty Manager to file applications for funds made ava/lable by the Los Angeles County Metropolitan Transportation Authority Prepared by John B Catoe, Jr , Director of Transportation Stephame Gnffin, Manager of Transit Development David Feinberg, Semor Transit Programs Analyst ~