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Approve the Florida Department of Transportation Public Transportation Grant Agreement for the |
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Intercity Cross Bay Ferry |
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Approve the three-year grant agreement with the Florida Department of Transportation (FDOT) to provide |
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funding for the operation of the Intercity Cross Bay Ferry (ICBF), totaling $518,000 for FY23, FY24, |
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and FY25. The ICBF had 62,017 riders in FY22 between Tampa and St. Petersburg over 7-1/2 months |
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and ridership is expected to increase as the Ferry expands to year-round service (projected FY25). |
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The FDOT funding will reduce the subsidies proportionally among the governments who participate |
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in the FY23-FY25 Hillsborough County Inter-City Ferry Service Interlocal Agreement (Interlocal). |
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In FY22, Hillsborough County, Pinellas County, City of Tampa, and City of St. Petersburg (Partners) |
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split the operating cost subsidy equally. The Partners are currently negotiating new terms and participation |
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levels for FY23-FY25. The FDOT grant is written with the flexibility for the grant funds to be split pursuant |
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to any cost-sharing terms agreed to in the FY23-FY25 Interlocal. At current terms, with full equal |
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participation of all four Partners, the FDOT grant would offset Hillsborough County’s 25% share of the total |
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subsidy cost ($190,000 in FY23, $202,500 in FY24, and $255,000 in FY25). As further explained |
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in the background, final subsidy cost-sharing percentage for Hillsborough County will be dependent upon |
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the FY23-FY25 Interlocal division of subsidy costs, and levels of participation may increase the amount |
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Hillsborough pays proportionally. |