consolidated transit option for the public, and a seamless transit transfer opportunity at no cost. The no-income use shows that the value of having the private operator: benefits transit, as a whole; expands upon the local transportation alternatives; and allows the public to transfer seamlessly. Income. Proceeds from incidental use including licensing and leasing of air rights or leasing of other real property interest should be based on competitive market rents and rates of return based on the appraised fair market value. Income received from the authorized incidental uses including the use of air rights may be retained by the recipients (without returning the federal share) if the income is used for eligible transit capital, or operating expenses. This income cannot be used as part of the non-federal share of the Award from which it was derived. However, it may be used as part of the non-federal share of another FTA Award. Recapture. The recipient should recapture all the costs related to the incidental use from the non-transit public entity or private entity, including all applicable excise taxes on fuel for fueling facilities and wear and tear to capital improvements, unless FTA approves otherwise. Joint Development. A joint development project is a transit capital project that integrally relates to, and often co-locates with commercial, residential, mixed-use or other non-transit development within an Award. Joint development may include partnerships for public or private development associated with any mode of the transit system that is being improved through new construction, renovation, or extension. Joint development may also include intermodal facilities, intercity bus and rail facilities, transit malls, or historic transportation facilities. A joint development project, awarded with FTA federal assistance, must satisfy the four eligibility criteria of 49 U.S.C. § 5302(3)(G). See the most recent edition of FTA Circular 7050.1, on Joint for further information or guidance. “Guidance Development” Shared Use. Shared use takes place when a non-transit partner, separate from the recipient, occupies a part of a facility and pays its pro rata share of the construction, maintenance, and operation costs. Shared uses must be declared at the time of Award. Shared use of property requires prior written FTA approval except when it involves coordinated public transit human services transportation. Shared use Awards should be clearly identified and sufficient detail provided to FTA at the time of review to determine allocable costs related to non-transit use for construction, as well as on-going
consolidated transit option for the public, and a seamless transit transfer opportunity at no cost. The no-income use shows that the value of having the private operator: benefits transit, as a whole; expands upon the local transportation alternatives; and allows the public to transfer seamlessly. Income. Proceeds from incidental use including licensing and leasing of air rights or leasing of other real property interest should be based on competitive market rents and rates of return based on the appraised fair market value. Income received from the authorized incidental uses including the use of air rights may be retained by the recipients (without returning the federal share) if the income is used for eligible transit capital, or operating expenses. This income cannot be used as part of the non-federal share of the Award from which it was derived. However, it may be used as part of the non-federal share of another FTA Award. Recapture. The recipient should recapture all the costs related to the incidental use from the non-transit public entity or private entity, including all applicable excise taxes on fuel for fueling facilities and wear and tear to capital improvements, unless FTA approves otherwise. Joint Development. A joint development project is a transit capital project that integrally relates to, and often co-locates with commercial, residential, mixed-use or other non-transit development within an Award. Joint development may include partnerships for public or private development associated with any mode of the transit system that is being improved through new construction, renovation, or extension. Joint development may also include intermodal facilities, intercity bus and rail facilities, transit malls, or historic transportation facilities. A joint development project, awarded with FTA federal assistance, must satisfy the four eligibility criteria of 49 U.S.C. § 5302(3)(G). See the most recent edition of FTA Circular 7050.1, “Guidance on Joint Development” for further information or guidance. Shared Use. Shared use takes place when a non-transit partner, separate from the recipient, occupies a part of a facility and pays its pro rata share of the construction, maintenance, and operation costs. Shared uses must be declared at the time of Award. Shared use of property requires prior written FTA approval except when it involves coordinated public transit human services transportation. Shared use Awards should be clearly identified and sufficient detail provided to FTA at the time of review to determine allocable costs related to non-transit use for construction, as well as on-going
5010-1e-circular-award-management-requirements-7-21-2017-indexed.docx