Key West Transit Development Plan FY2025-2034

10.3 Financial Strategies for Implementation

Park and Ride Lot Program Grants: The program provides for the purchase and/or leasing of private land for the construction of park and ride lots, the promotion of these lots, and the monitoring of their usage. This program is an integral part of the commuter assistance program's efforts to encourage the use of transit, carpools, vanpools and other high occupancy modes. Locally developed projects from locally adopted plans will be reviewed for eligibility by the District. Project selection will be made on the basis of the project selection process established in federal and state law in conjunction with MPO's, local transit operators and local governments. Public Transit Service Development Grants: The program is selectively applied to determine whether a new or innovative technique or measure can be used to improve or expand public transit. Service Development Projects specifically include projects involving the use of new technologies, services, routes, or vehicle frequencies; the purchase of special transportation services, and other such techniques for increasing service to the riding public as are applicable to specific localities and transit user groups. Projects involving the application of new technologies or methods for improving operations, maintenance, and marketing in public transit systems can be funded through the Service Development Program. Service Development Projects are subject to specified times of duration, but no more than three years. Recipients accepting Service Development funds accept the commitment to continue the project, if deemed successful by their own measures, without additional Public Transit Service Development Program funds Implementing a transit corridor project may consist of a series of events which occur over multiple years prior to the beginning of service. Before operations are initiated and depending on the complexity of the project, contracts may be required for capital equipment, design and construction of facilities, land or rights-of-way and roadway improvements.

Florida Rural Transit Administration Program (RTAP): RTAP is a broad program that provides training, continuing education, and technical assistance to those who provide or assist in the provision of public transportation services in rural and small urban communities in order to promote the coordinated delivery of safe, efficient, and effective transit services. The program is administered by the Center for Urban Transportation Research at the University of South Florida. Transit Corridor Grants: FDOT is authorized to fund up to 100 percent of the capital and net operating costs of transit corridor projects through a competitive discretionary grant process. The project objectives, the assigned operational and financial responsibilities, the timeframe required to develop the required service, and the criteria by which the success of the project will be judged shall be documented for each transit corridor project. Transit corridor projects, wholly within one county, meeting or exceeding performance criteria as described in the contract shall be continued by the transit provider at the same or a higher level of service until such time as the department, the M.P.O., and the service provider, agree to discontinue the service. Toll Revenue Credits: It is the purpose of this policy to ensure that FDOT makes available the use of toll revenue credits as soft match on public transit capital and planning projects. It is the policy of the Department to make available the option to use toll revenue credits, authorized by Title 23 U.S.C. 120(i)(1), to Florida transit systems for use as soft match on eligible federal transit capital and planning projects. On an annual basis, the Public Transit Office will be responsible for notifying Florida's transit systems of the availability of toll revenue credits and for approving the use of toll revenue credits on proposed transit capital and planning projects.

Transit Development Plan FY 2025–2034

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