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♦ <br /> � <br /> i <br /> COMMUNITY DEVELOPMENT <br /> MEMORANDUM <br /> 93-59 <br /> April 26, 1993 <br /> To: Honorable Mayor and City Council Members <br /> From: James C. Bacon, Jr. , City Manager <br /> George Weaver, Acting Director of the Department o � <br /> Community Development <br /> Robert S. Reed, Mass Transit Administrator <br /> Subject: FTA Operating Assistance Grant Agreement for FY' 93 <br /> Upon City Council approval, the attached resolution will <br /> authorize the execution of an operating assistance grant <br /> agreement with the Federal Transit Administration. The grant � <br /> will provide $630,000 in federal funds for the operation of the <br /> Decatur Public Transit System in FY' 93 (July 1 , 1992 thru June <br /> 30, 1993) . <br /> The grant award was delayed because the 13 (c) certification <br /> was not received from the U.S. Department of Labor until the end <br /> of March, 1993. It should take 30-45 days to set up the <br /> letter-of-credit and commence drawdowns on the grant. <br /> dmu <br />