PLACEMENT: Consent
TITLE:
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TRANSIT ASSET MANAGEMENT (TAM) PLAN
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EXECUTIVE SUMMARY:
executive summary
The Federal Transit Administration (FTA) released a final rule outlining Transit Asset Management (TAM) requirements on July 26, 2016 in accordance with the Moving Ahead for Progress in the 21st Century (MAP-21) transportation bill. The final rule requires every transit agency to develop and adopt a TAM Plan no later than October 1, 2018 and to update this plan every four years. The TAM Plan is the transit agency's commitment to effectively manage its capital assets and maintain a State of Good Repair (SGR) to support safe, efficient, and reliable transit.
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DEPARTMENT: Public Works
PREPARED BY: Name: Claudette Mahan
Title: Transit Manager
REQUESTED BY:
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
The Transit Asset Management (TAM) Plan provides a "blueprint" of how Martin County intends to implement the requirements of Transit Asset Management. TAM requires Martin County to ensure its capital assets remain in a "state of good repair" (SGR) by monitoring and managing those assets to enhance safety, reduce maintenance costs, increase reliability, and improve performance. Martin County is required to set SGR performance measures and develop performance targets based on those measures. Martin County's capital investment priorities must reflect these SGR targets. The preparation of the TAM Plan is the first step in what will be an ongoing process that requires continuing attention to achieve and maintain MARTY's safety performance targets.
In accordance with the Moving Ahead for Progress in the 21st Century (MAP-21) transportation bill, passed in 2012, a national performance measurement system for transit programs has been enacted with the final rule outlining TAM requirements. As a result, staff has devised the following SGR targets, per each asset category.
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