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required, the use of a soft -match eliminates the need for the County to provide a cash outlay for capital expenses. Toll revenue credits as soft match may be used only for the capital portion of a Section 5307 grant. The nonfederal share for operating expenses is provided through equal amounts of local funding and a state public transit block grant. ANALYSIS For FY 2001/02, the COA has requested that the County apply for federal Section 5307 funds on the COA's behalf so that the COA can provide for the continuation and expansion of its Indian River Transit/Community Coach fixed route and dial -a -ride bus service. As proposed, the grant will allow the Council on Aging to leverage County and state funds to continue and expand needed public transportation services within the County. A copy of the County's proposed FY 2001/02 Section 5307 grant application is provided in Attachment 1. As required by Federal Transit Administration (HA) regulations, the attached grant application was prepared using its Transportation Electronic Award and Management (TEAM) software. As it has in the past, the FTA requires grantees to utilize its TEAM software in the development, submittal, modification and management of Section 5307 grants As indicated in the grant application, the total proposed budget amount is $1,209,496. The federal portion of that amount is $656,498. That includes both capital and operating section 5307 grant funds. The total proposed budget includes $103,500 in capital expenditures and $1,105,996.00 in operating expenditures. The nonfederal share of capital expenditures ($25,875) will be provided through the use of toll revenue credits as a soft match. Because a soft match is non-cash, this amount is not included in the project total The nonfederal share of operating expenditures (50%) will be provided in equal amounts of $276,499.00 by a Honda Public Transit Block Grant (PTBG) and by Indian River County. The county's contribution consists of previously approved general fund monies budgeted specifically for this purpose. According to Section 5307 grant application requirements, the designated recipient must hold a public hearing to obtain the views of citizens on a proposed grant application. In keeping with that requirement, staff has published a notice of this meeting and has scheduled this item as a public hearing. The MPO has included the proposed Section 5307 grant in its FY 2001/02-2005/06 Transportation Improvement Program (TIP), a necessary prerequisite for submittal of a Section 5307 application. It is also important to note that the proposed grant application is consistent with the MPO s adopted five year Transit Development Plan and 2025 Long Range Transit Plan. To apply for Section 5307 funds, the Board of County Commissioners must adopt the attached resolution (Attachment 2) authorizing staff to submit the attached grant application. The resolution has been reviewed and approved by the County Attorney's Office. RECOMMENDATION Staff recommends that the Board of County Commissioners adopt the attached resolution authorizing the filing of the attached FY 2001/02 Section 5307 grant application. ATTACHMENTS 1. Indian River County FY 2001/02 Grant Application for 49 USC Ch. 53, Section 5307 Mass Transit Capital and Operating Assistance 2. Resolution Authorizing the Filing of a 49 USC Ch. 53, Section 5307 FY 2001/02 Grant Application 3. Grant Budget Forms (Capital and Operating) January 8, 2002 66 BK i 2 C77