Title
Consider a resolution authorizing the Mayor to execute Amendment No. 1 to the Interlocal Agreement with Capital Metropolitan Transportation Authority for transit services.
Body
The City Council approved the expansion of Route 50 and Route 980 during the FY 19 budget process. Amendment No. 1 to the Interlocal Agreement (ILA) with Capital Metro reflects the additional service hours of the expansion and the reduction of cost for Route 52. In the original ILA Route 52 was costed to operate with two vehicles, only one vehicle is required. The net effect of the expansion of Routes 50 and 980 and the cost reduction for Route 52 is an overall, five-year increase of $188,905. The Schedule of Fees in Amendment No. 1 replaces the Schedule of Fees in the original ILA. The yearly breakdown is as follows:
Year 1
Total Cost $839,553
Federal Funds $419,776.50
Local Cost $419,776.50
Year 2
Total Cost $955,225.36
Federal Funds $477,612.68
Local Cost $477,612.68
Year 3
Total Cost $987,461.69
Federal Funds $493,730.85
Local Cost $493,730.85
Year 4
Total Cost $1,020,774.25
Federal Funds $510,387.13
Local Cost $510,387.13
Year 5
Total Cost $1,055,230.84
Federal Funds $527,615.42
Local Cost $527,615.42
Cost: $4,858,242
Source of Funds: General Fund