CC MEETING: February 7, 2023
DATE: January 26, 2023
TO: Erin Rinehart, City Manager
FROM: Diana Vaughn, Chief Financial Officer
Chrystal Davis, Assistant City Manager
Title
Consider A Resolution Authorizing The City Manager To Enter Into An Interlocal Cooperation Agreement With Dallas Area Rapid Transit Regarding The Allocation Of Funds For Public Transportation System Or Complementary Transportation Services.
Body
BACKGROUND:
The City of Carrollton and neighboring service area cities each contribute a portion of sales tax to Dallas Rapid Area Transit (DART) as a method of funding the organization. In early 2022, DART recognized it had an excess of revenue and began discussions on how to utilize those funds.
On August 23, 2022, DART approved the inclusion of excess funds, totaling $214,250,000, into its Fiscal 2023 Budget with the intent of allocating the funds back to service area cities.
On October 25, 2022, DART approved an additional $19,674,000 towards the allocation, bringing the total to $233,924,000. Additionally, DART approved a distribution methodology for the funds, resulting in a $12,697,000 appropriation for the City of Carrollton.
To receive these funds, service cities must enter into an Interlocal Cooperation Agreement (ILA) with DART. Staff are requesting authorization of the City Manager to enter the ILA with DART.
Current features in the ILA include:
• The requirement that funds are spent on projects that benefit DART’s public transportation system or provide complementary transportation services.
• Approval of projects by DART and timelines for project completion, and
• Methods for submitting reimbursement requests.
FINANCIAL IMPLICATIONS:
The City will receive $12,697,000 to be spent on DART’s public transportation system or provide complementary transportation services including parking garages.
IMPACT ON COMMUNITY SUSTAINABILITY:
Provide funding for transportation services benefiting the community and improving existing transportation services.
STAFF RECOMMENDATION/ACTION DESIRED:
Staff recommends approval of the attached resolution authorizing the City Manager to enter into an ILA with DART for the public transportation system or complementary transportation services.