Guide to Joint Development for Public Transportation Agencies (2021) / Chapter Skim
Currently Skimming:
Pages 103-114
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 103... ...
79 6.1 Introduction and Summary of Best Practices The four preceding chapters addressed, in sequence, the typical stages of the transit agency JD process. At this point, the organization of the guide pivots to a series of three chapters addressing topics that cut across those stages.
|
From page 104... ...
80 Guide to Joint Development for Public Transportation Agencies With respect to the first condition, a pre-existing FTA real property interest must be accounted for, consistent with law and FTA policy. There are two methods of doing so: securing FTA approval of the project as an FTA-Assisted Joint Development (FTA/JD)
|
From page 105... ...
Joint Development and FTA 81 How FTA-Assisted Joint Development Works FTA-Assisted Joint Development is in part a regulatory construct, but at its core are two financial benefits: the ability of the transit agency to retain 100% of the lease or sale proceeds, and the potential opportunity, particularly in new projects, to use FTA funding to support eligible JD costs. Conveyance of property and retention of income.
|
From page 106... ...
82 Guide to Joint Development for Public Transportation Agencies • Renovation of historic transportation facilities and construction or renovation of intermodal transportation facilities and intercity bus or rail stations; and • As of 2015, construction of space for commercial uses. FTA Approval criteria.
|
From page 107... ...
Joint Development and FTA 83 and Section 106 Historic Review; federal procurement law; Buy America and U.S. Cargo Preference; seismic and energy analyses; federal prevailing wage and other labor protection laws; federal civil rights law; the Uniform Relocation Act; and federal lobbying rules.
|
From page 108... ...
84 Guide to Joint Development for Public Transportation Agencies to an FTA-assisted transit project, are likely to require NEPA review. But if an FTA/JD project involves a pre-existing real property interest only, with no new funding, NEPA review does not apply.
|
From page 109... ...
Joint Development and FTA 85 dispositions are almost always outright sales, the transit agency's commercial negotiating flexibility may be greater in the former. (As noted previously, FTA/JD may also be achieved through outright sale, if the agency and developer find that mutually advantageous.)
|
From page 110... ...
86 Guide to Joint Development for Public Transportation Agencies 6.4 Transit Agencies and Joint Development Processes The process by which a transit agency vets a proposed FTA/JD project with region staff and eventually submits it for review and approval is set forth in FTA's Joint Development Guidance (C-7050.1B) , particularly Section VI.
|
From page 111... ...
Joint Development and FTA 87 Transit Agency Joint Development Stage FTA-Assisted Joint Development Disposition of Excess Property Creating a Joint Development Program Informally discuss the JD program with FTA Region. In creating inventory of potential JD sites, "flag" all sites with FTA real property interest.
|
From page 112... ...
88 Guide to Joint Development for Public Transportation Agencies • If the original FTA funding grant relied on the capacity of the lot in question to achieve a specific ridership level, FTA would have to concur that the grant conditions would not be breached. • If the surface parking improvements (the paving, lighting, or other parking lot infrastructure, but not the underlying land acquisition)
|
From page 113... ...
Joint Development and FTA 89 accessible to, a fixed guideway transit facility, passenger rail station, intercity bus station, or intermodal facility.7 New Corridors and Extensions Some of the rail transit lines built in the United States since the 1980s were planned in a way that provided limited opportunities for JD (or, in some cases, for TOD in general)
|
From page 114... ...
90 Guide to Joint Development for Public Transportation Agencies 5. https://www.transit.dot.gov/sites/fta.dot.gov/files/docs/regulations-and-guidance/fta-circulars/58051/ 5010-1e-circular-award-management-requirements-7-16-18.pdf.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.