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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
David Hancock, Chief Capital Services Officer |
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PRESENTER(S): |
Daniel Hofer, Director- Capital Programming and Support |
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Pam Thrasher, Manager- State of Good Repair |
TITLE:
title
2024 Transit Asset Management Plan - Capital Services
end
end
AGENDA ITEM TYPE:
Discussion
RECOMMENDATION:
Information report for discussion and feedback, prior to authorizing approval of UTA’s 2024 Transit Asset Management (TAM) Plan and UTA’s Group Transit Asset Management Plan for sub-recipients.
BACKGROUND:
UTA Policy 06.01 Transit Asset Management & State of Good Repair requires Board of Trustees approval of UTA’s Transit Asset Management (TAM) Plan to occur every two years. The TAM Plan is required per federal regulation and outlines UTA’s approach to how it will manage its assets specifically as it relates to capital maintenance and replacement efforts. The regulation requires the plan to be updated and approved every four years with the next required update occurring in 2026.
In addition to UTA’s TAM Plan, UTA is required to administer a Group TAM Plan for a small number of service providers who are sub-recipients of federal funds who meet certain criteria. These agencies are required to have their own plan or follow a group plan administered by UTA. They have elected to follow UTA’s group plan for the qualifying sub-recipients.
DISCUSSION:
UTA’s TAM Plan complies with 49 CFR Part 625. This plan is required to be updated every 4 years. This rule requires transit agencies that receive federal funding to develop a plan for the long-term management of their assets used in the provision of public transportation. UTA staff will outline this plan and discuss the required elements of these plans.
This plan is tied to UTA’s Five Year Capital Plan. The funding levels that are provided in the Five-Year Capital Plan directly affect UTA’s ability to execute on the TAM Plan initiatives.
Following feedback received in this meeting, a request will be made at the Board’s September 25 meeting to approve the plans and authorize the Executive Director to sign the 2024 TAM Plan and 2024 Group TAM Plan.
ALTERNATIVES:
The following are options the Board could consider and the potential impacts of those decisions:
• The Board may request revisions to the proposed TAM Plans.
o Impact would require staff to incorporate any feedback and return at a later date to request approval. There are no critical or pressing deadlines for approval.
FISCAL IMPACT:
While the plans are heavily tied to UTA financials, they do not directly affect UTA financials by approval of the plans. All the financial impacts are addressed with the approval of the current year budget and Five-Year Capital Plan.
ATTACHMENTS:
• 2024 UTA Transit Asset Management Plan
• 2024 Group Transit Asset Management Plan with Participant Signatures