Title
Consider a resolution authorizing the Mayor to execute a Job Access Reverse Commute (JARC) Project Grant Agreement with Capital Metropolitan Transportation Authority.
Body
At the June 13, 2013 Council meeting, City Council approved a modification of the Demand Response Bus Service to include a job access reverse commute route between Capital Metro's Tech Ridge Park & Ride and Sears Teleserv. The execution of this grant agreement with Capital Metro will provide funding for this expanded route. The City will be a sub-recipient to Capital Metro for these grant funds, only. These grant funds will provide a 40% reimbursement of the operating costs and an 80% reimbursement for capital purchases, to the City. The operating costs include the amount that will be billed to us by Star Shuttle for operating the route and maintaining the City's buses. The capital purchases include a bench, trash can and one sign to be placed on Sears Teleserv property; one sign to be placed at Tech Ridge Park & Ride; and bus(es).
Gross Cost $536,715.20
Less: JARC Grant Funds $290,375.68
Less: Estimated Fares $120,000.00
Estimated Net Cost $126,339.52
Source of Funds: General Fund
Recommended Action
Staff recommends approval.