City of Alexandria, Virginia
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MEMORANDUM
DATE: MAY 19, 2021
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: MARK B. JINKS, CITY MANAGER /s/
DOCKET TITLE:
TITLE
Consideration of Approval of a Six-Year Washington Metropolitan Area Transit Authority (WMATA) Capital Funding Agreement. [ROLL-CALL VOTE]
BODY
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ISSUE: Council consideration of a six-year Washington Metropolitan Area Transit Authority (WMATA) Capital Funding Agreement.
RECOMMENDATION: That City Council:
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1. Approve the WMATA Capital Funding Agreement (CFA) for FY 2022 (July 1, 2022 to
June 30, 2027) (Attachment A); and
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2. Adopt the resolution authorizing the City Manager to sign and execute the WMATA
CFA (Attachment 1).
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BACKGROUND: The CFA is a financial agreement that provides the framework for jurisdictional investment in the WMATA Capital Improvement Program (CIP), including jurisdictional match to federal formula and discretionary grants, additional state and local contributions, and processes for WMATA to issue debt when jurisdictions choose to finance their funding obligations. The most recent CFA was originally established in calendar year 2010 for the FY 2011 to FY 2016 CIP. WMATA and the jurisdictions previously executed three one-year extensions of the CFA for FY 2017, FY 2018, and FY 2019.
Due to a delay in executing an agreement for FY 2020, the FY 2020 CFA was considered a new agreement rather than an extension, although it had the effect of extending the agreement on substantially the same terms and conditions. Staff had been working on a new agreement in
FY 2020, but due to the pandemic, a final agreement was not achievable before the expiration of the FY 2020 CFA. Therefore, the FY 2020 CFA was also extended for an additional year in July 2020. The current agreement, the first amendment to the WMATA FY 2020 CFA, will expire on June 30, 2021.
DISCUSSION...
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