HomeMy WebLinkAboutCORRESPONDENCE - PURCHASE ORDER - 9185313Transfort / Dial-A-Ride
6570 Portner Road
Fort Collins, CO 80522
970.221.6620
970.221.6285 - fax
fcgov.com
September 14, 2018
Mr. Mark Jackson
Public Works Director
The City of Loveland
500 East 3rd Street
Loveland, CO 80537
RE: FFY 2018 SECTION’S 5307, 5310 & 5339 FUNDING EXCHANGE
Dear Mr. Jackson:
The City of Fort Collins, as designated recipient of FFY 2018 FTA Section 5307, FTA Section
5310 and FTA Section 5339 formula funding, proposes the following exchange considerations
for the FFY2018 FTA Section 5307 and FTA Section 5339 grants;
• That the City of Loveland will relinquish their FFY2018 FTA Section 5307 funding in
the amount of $767,749 in exchange for local funds from the City of Fort Collins in
the amount of $467,005.
• That the City of Loveland will relinquish their FFY2018 FTA Section 5310 funding in
the amount of $38,320 in exchange for 10 Dial-A-Taxi trips per day in calendar year
2019.
• That the City of Loveland will relinquish their FFY2018 FTA Section 5339 funding in
the amount of $98,274 in exchange for local funds from the City of Fort Collins in the
amount of $60,930.
• The City of Fort Collins, as designated recipient for both sources of funding, will
designate the City of Loveland’s former allocations of FTA Section 5307 and FTA
Section 5339 funding for alternate transit-related projects within the TMA.
• For every year that an exchange of funds is in effect, the City of Loveland will no
longer be considered a sub-recipient of the TMA’s FTA Section 5307, FTA Section
5310 and FTA Section 5339 annual grants.
• The City of Loveland must continue to report data pertaining to COLT’s fixed route
and paratransit services on a regular basis to the National Transit Database (NTD).
• The current exchange rate of 62% is dependent upon existing or added levels of
transit service.
The City of Fort Collins, as designated recipient for FTA Section 5307, FTA Section 5310 and
FTA Section 5339 formula funds, is pleased to enter into an exchange of funds with the City of
DocuSign Envelope ID: 5B3A4488-4BC9-47E1-ADFA-84762E16C8A5
Loveland and sees the following benefits for the City of Loveland as a result of the proposed
exchange:
• The elimination of grant management responsibilities
• The elimination of federal procurement guidelines for transit-related expenditures
• Ensuring for more resources to be directed towards the FLEX regional fixed route
Funds will be exchanged when the City of Fort Collins receives approval from the FTA on
new grants.
Request for Concurrence
If the City of Loveland is agreeable to the above stated proposal, the City of Fort Collins
requests the written concurrence from the City of Loveland by either signing and dating the
signature block at the end of this letter, or by separate letter from the City of Loveland to the City
of Fort Collins. Once this letter of concurrence has been received by the City of Fort Collins, the
City of Loveland may invoice for the above amounts in order to receive funds in a timely
manner.
Please feel free to contact me with any questions or concerns.
Sincerely,
Drew Brooks, Transfort Director
cc: Candice Folkers, Transit Manager, City of Loveland
Kaley Zeisel, Capital Planning & Grant Compliance Manager, City of Fort Collins
Mike Beckstead, Chief Financial Officer, City of Fort Collins
Concurrence
By: __________________________________________________
Title: _________________________________________________
Date: _________________________________________________
DocuSign Envelope ID: 5B3A4488-4BC9-47E1-ADFA-84762E16C8A5
9/25/2018
Public Works Director, City of Loveland