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HomeMy WebLinkAboutIR 9049INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 9049 To the Mayor and Members of the City Council Date: May 19, 2009 Page 1 of 1 SUBJECT: American Recovery and Reinvestment Act — Weekly Update The purpose of this report is to provide the City Council with regular updates regarding the efforts of the City of Fort Worth and its regional partners to successfully apply for and secure grant funding through the American Recovery and Reinvestment Act of 2009 (ARRA). The ARRA Community Task Force continues to meet to share information about possible funding resources. The following formula -based allocation for the Fort Worth Transportation Authority will be posted on the city's website on Tuesday, May 19, 2009. www.fortworthgov orq /recovery Local Organization Source of Recovery Funding Project Description Formula Funding Allocated Fort Worth Federal Transit Provides funding for preventative $20,148,975.00 Transportation Administration (FTA) maintenance for buses and bus Authority (The T) U.S. Dept. of facilities, new large- capacity Transportation buses, new bus parking, upgrades to maintenance facility and Trinity Railway Express (ADA) platforms, amon other ro'ects. With this addition, the total amount of formula -based funding for the City of Fort Worth and /or our regional allies that will be reported on the website equals $49,665,025.00 To date, for competitive grants, the City of Fort Worth has submitted two applications seeking a total of $759,121.00. Approval of those grant applications is pending. Should you have any questions or comments, please contact Reid Rector, Director of Governmental Relations, at 817 -392 -1296. e A. Fi , P.E. City Manager ISSUED BY THE CITY MANAGER FORT WORTH_ TPYntt