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View Print Page 3 of 14 addition , construction costs have been declining due to the state of the local economy (the local unemployment rate exceeds 15 % ) . If necessary , other funding sources ( such as other grants or local funds) will be utilized to off-set any shortfalls . FDOT Split Letter and STIP Administrative Modification are attached in TEAM . This grant will be used to fund construction of a new transit administration building for Indian River Transit and will also be used to continue system operations in a climate of declining local revenues . The project' s budget amount $ 2 , 281 , 044 is sufficient to complete the facility' s design and construction . The project budget includes $210 , 558 for engineering and design . In addition to these funds , an additional $204 , 574 has been set aside for this facility in Project # FL-90-X500-00 . Indian River Transit provides approximately 600 , 000 fixed route trips/year on 11 fixed routes and the number of riders is expected to increase approximately 2 . 4%/year through 2013 ( Indian River County Transit Development Plan , 2008 ) . To meet this increase , Indian River Transit will provide service improvements identified in the adopted TDP . Among the planned improvements are early evening service on select routes ; new routes to Barefoot Bay , Fellsmere , and Ft. Pierce ; and expansions to Indian River Transit' s existing routes. The Indian River Transit fleet has nearly doubled in the last ten years and will likely grow by 25 % to more than 60 vehicles in the next five years. In addition , the population of Indian River County is anticipated to grow by over 2 % annually through 2030 . Of Indian River County' s 140 , 000 persons , roughly 73 , 000 , or 52 % , have been identified as category one or category two transportation disadvantaged persons ( Indian River County Transportation Disadvantaged Service Plan , 2008 ) , indicating that the demand for demand -response services is high and will also increase in the future . To meet these needs , Indian River Transit currently operates out of approximately 5 , 000 square feet located in a multi-purpose facility . That facility has suffered severe hurricane damage in the past and has been temporarily rebuilt but is rapidly reaching obsolescence . There have been no expansions to the facility in over ten years . Its fleet of buses is parked alongside the general public creating severely congested and potentially dangerous conditions at the site . In addition , the site is not presently secured and cannot be without impairment to the operation of other client-sensitive activities . Ten percent ( 10 % ) of the grant will also be used to supplant local operating expenses , which have been difficult in a climate of declining local revenues . If approved , the project will enable Indian River Transit to continue its service at optimal levels , while complying with USDOT regulations on safety and security in public transportation operations . The project site is currently owned by Indian River County and has been leased to the Senior Resource Association , Inc . ( SRA) for the purpose of operating a transit administrative facility . SRA is both the county ' s designated Community Transportation Coordinator ( CTC) and transit service provider. On March 17 , 2009 , the Board of County Commissioners approved a 40-year lease of the subject property . The facility will be used to house SRA transit staff. Indian River County acknowledges that no contractors who have been debarred or suspended shall be hired for this project. Indian River County acknowledges awareness of the third -party procurement requirements as stipulated in FTA Circular 4220 . 1 F . Indian River County acknowledges and accepts all Special Conditions associated with ARRA funding . Recipient Contact: Phil Matson pmatson@ircgov . com 772-226- 1455 https : Hftateamweb . fta. dot. gov/teamweb/ApplicationsNiewPrint[VlewPnntRes . asp ?GUID= . . . 1 /6/2010