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Item # 10.
         
Council Meeting 2023
Meeting Date: 02/28/2023  
Department: Finance  
Pillars: Excellence in Transportation Systems
Gold Standard in Financial Health
Milestones: Improve all modes of transportation with infrastructure in an acceptable condition and well maintained
Continuously improve processes and policies to include the voice of the customer and ensure the policies are easily accessible

AGENDA CAPTION:

Consider Action on a Resolution for an Interlocal Agreement with Dallas Area Rapid Transit for Public Transportation Improvements and Authorize the City Manager to Execute the Agreement.

BACKGROUND:

On September 27, 2022, the Board of Directors (Board) of Dallas Area Rapid Transit (DART) approved DART's Fiscal Year (FY) 2023 budget, which included $214.3 million in distributions of DART revenue to the Service Area Cities. Additionally, on October 25, 2022, the DART Board accepted $19.7 million from the Regional Transportation Council (RTC) and the North Central Texas Council of Governments (NCTCOG). This additional funding allowed DART to maximize the benefits to each Service Area City by distributing the most advantageous allocation, whether sales tax or population. The Town of Addison's allocation of $4.411 million was calculated based on sales taxes collected in Fiscal Years 2021 and 2022. 

On November 15, 2022, the DART Board approved an interlocal agreement (ILA) with DART Service Area Cities for allocation of funds for public transportation improvements.  The ILA includes information regarding Addison's obligations, project eligibility, and terms for accepting the funding. 

RECOMMENDATION:

Administration recommends approval.

Attachments
Resolution - DART ILA

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