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HomeMy WebLinkAbout20080915 - VI-04vT-4 ,x z; ~ ~, _ ~ 7 t To: Mayor Hicks & City Councilmembers From: Melanie Mesko Lee, Assistant City Administrator Re: 2009 Metropolitan Council Transit Funding Management Plan Date: September 10, 2008 Council Action Requested: Approve the 2009 management plan for submittal to Metropolitan Council for 2009 funding of the City's transit (TRAC) program. Background Information: Each year, the City prepares a management plan for both MnDOT and Metropolitan Council for state and federal funding assistance with the City's transit (TRAC) program. In July, the City Council approved a resolution for the MnDOT annual management plan. The Met Council plan has been prepared and reviewed by Met Council staff. Hastings City Council is requested to approve the 2009 Met Council plan. Both agencies provide annual operational funding of the TRAC program. In 2009, that amount is budgeted to be $42,600 from MnDOT and $250,840 from Met Council. The annual amounts from both agencies are similar to what the City received in 2008. Other proposed funding comes from fares ($61,250) and budgeted dollars ($33,251.75). If you have any questions, please let me know. Thank you.