Agenda - Council - 04/28/2020 - Laserfiche WebLink

Home

Funding Availability, Minimums, and Maximums A total of approximately $180 million in federal funds is anticipated to be available in this solicitation for program years 2024 and 2025. As shown in Table 2, modal funding ranges have been established by TAB, based on historic levels, to give applicants an understanding of the general funding levels available by mode. TAB reserves the right to adjust these modal funding levels depending on the amount and quality of projects submitted. In addition, TAB approved a target to allocate approximately $10 million to the Bridge Rehabilitation/Replacement category, as part of the Roadways Including Multimodal Elements category. Base -level 2024 and 2025 TDM funding for the TMOs and Metro Transit will be taken out of the Transit and TDM category for the next solicitation. Additionally, there is $1.2 million of TDM funding that is available for 2022 and 2023 for innovative projects from the previous solicitation. Table 2: Modal Funding Levels* Roadways Including Bicycle and Pedestrian Multimodal Elements Transit and TDM Facilities Total Modal Range of 46%-65% Funding Range of $83M-$117M Levels Midpoint $100M Range of 25%-35% Range of 9%-20% Range of $45M-$63M Range of $16M-$36M Midpoint $54M Midpoint $26M 100% $180M (Est)* * 2.5% ($4M-$5M) will be set aside for unique projects out of the total funds available, leaving the remaining funds to be distributed to the above modes within the percentage ranges shown. Amounts shown assume that some level of over pg uv, ;„g will occur, but TAB will determine the exact amount as part of project selection. Within Roadways Including Multimodal Elements, at least one project will be funded from each of the five eligible functional classifications: A -minor arterial augmenters, connectors, expanders, and relievers, as well as non -freeway principal arterials. Within the Transit modal category, there is a new Arterial Bus Rapid Transit Project category. There is also a New Market guarantee to ensure that at least one Transit Expansion or Modernization project is funded that serves areas outside of Transit Market Area 1 and 2 from the Transportation Policy Plan for at least one end of the project. The combined maximum funding amount for bus rapid transit projects funded in the Arterial Bus Rapid Transit Project, Transit Expo, &Ku, i, and Transit Modernization categories will be $32,000,000. For the first time, 2.5% of the total available funds available will be set -aside for Unique Projects, including the Travel Behavior Inventory/Regional Travel Model. These 2024 and 2025 funds will be allocated as part of the 2022 Regional Solicitation, closer to project implementation. TAB will first appiuvc. a funding level for the Travel Behavior Inventory/Regional Travel Model and then the remaining funds will be considered for any submitted Unique Projects. TAB may elect to fund Unique Projects at an amount lower than 2.5% (approximately $4.5 million), depending on the amount and quality of the submittals. Details on project selection and eligibility will be worked out prior to the 2022 funding cycle. Table 3 shows the minimum and maximum federal award for application categories that applicants can apply for as part of the Regional Solicitation. The values do not account for 20 percent local match minimum that applicants must contribute to the project. 41