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HomeMy WebLinkAbout2016-05-23 16-220 RESOLVECOUNCIL ACTION Item No. 16-220 Date: May 23, 2016 Item/Subject: Resolve, Authorizing the City Manager to Accept and Appropriate $414,669 in Federal Transportation Authority Funds, $168,033 in Department of Transportation State Bond Funds and Net Sales Proceeds to Fund Acquisition of Two Buses Responsible Department: Community Connector Commentary: This Resolve will accept and appropriate $414,669 in Federal Transportation Authority Funds ($235,769 in 5339 Grant Funds and $178,900 in 5307 Grant Funds) and $164,033 in Department of Transportation State Bond Funds as well as $4,000 in net proceeds from the sale of five used buses. As part of the FY 2016 budget process, the Council authorized the issuance of $250,000 in general obligation bonds as a local share to purchase two new 30' buses for Bangor routes. This resolve will appropriate the federal and state grant funds to complete the purchase. This item will be reviewed by the Finance Committee on June 6, 2016. Department Head Manager's Comments: City Manager Associated Information: Resolve Budget Approval: Finance Director Legal Approval: Ci Solicitor Introduced for Passage X First Reading X Referral — Finance Committee June 6, 2016 Assigned to Councilor Nichols CITY OF BANGOR 16-220 MAY 23, 2016 (TITLE.) Resolve , Authorizing the City Manager to Accept and Appropriate $414,669 in Federal Transportation Authority Funds, $168,033 in Department of Transportation State Bond Funds and Net Sales Proceeds to Fund Acquisition of Two Buses Resolved By tfie City Cow& of the City of Bangor: that $414,669 in Federal Transportation Authority Funds, $164,033 in Department of Transportation State Bond Funds and $4,000 in State Net Sales Proceeds are hereby accepted and appropriatied for the purpose of funding the acquisition of two new 30' buses. IN CITY COUNCIL MAY 23, 2016 FIRST READING AND REFERRAL TO FINANCE COMMITTEE ON JUNE 6, 2016 CITY CLE IN CITY COUNCIL JUNE 13, 2016 MOTION MADE AND SECONDED FOR PASSAGE PASSED n.JlaaA*-•� CITY CLERK