Laserfiche WebLink
_ `., <br /> � Community Development <br /> Memorandum <br /> 95-143 <br /> June 12, 1995 <br /> To: Honorable Mayor and City Council Members <br /> From: James C. Bacon, Jr., City Manager <br /> George C. Weaver, Director of Department of Community Development <br /> Robert S. Reed, Mass Transit Administrator <br /> Subject: Application for IDOT Mass Transit Op�rating Assistance for FY'96 <br /> Upon City Council approval, the attached resolution will authorize the filing of the City <br /> of Decatur's annual Downstate Operating Assistance grant application. The application will <br /> request funds from the Illinois Department of Transportation for the operation of the Decatur <br /> Public Transit System in FY'96 (July 1, 1995 thru June 30, 1996). <br /> Total eligible operating expenses are estimated at $2,200,000 and the State will fund <br /> 45%, or $990,000 of that amount. The federal share is projected at $450,000 and the remaining <br /> $760,000 will come from passenger revenues and local contributions. State approval of the <br /> grant application is expected in late August and the first reimbursement for FY'96 should be <br /> received by November, 1995. <br />