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L • � • <br /> A <br /> COMMUNITY DEVELOPMENT <br /> MEMORANDUM <br /> 92-117 <br /> June 9, 1992 <br /> T0: Honorable Mayor and City Council Members <br /> FROM: James C. Bacon, Jr. , City Manager <br /> David A. Clark, Director of Department of Community <br /> Development <br /> Robert S. Reed, Mass Transit Administrator <br /> SUBJECT: Downstate Operating Assistance Grant Application for <br /> FY'93 <br /> Upon City Council Approval, the attached resolution will <br /> authorize the filing of the City of Decatur' s annual Downstate <br /> Operating Assistance grant application. The application requests <br /> funds from the Illinois Department of Transportation for <br /> operation of the Decatur Public Transit System in FY' 93 (July l, <br /> 1992 thru June 30, 1993) . <br /> Total eligible operating expenses are estimated at <br /> $2,190 ,680 for the coming fiscal year. The State will fund <br /> $985 ,806, or 45$ of that amount. The federal share will be <br /> $700,000 and the remaining $504,874 will come from passenger <br /> revenues and local contributions. State approval of the grant <br /> application is expected in July and the first reimbursement for <br /> FY' 93 will probably be received in October. <br /> RSR/dmu <br />