Title
Consider a resolution authorizing the Mayor to execute an Interlocal Agreement with Capital Metropolitan Transportation Authority for transit services.
Body
This agreement is for a one-year period starting on October 1, 2022 and is set to expire on September 30, 2023. Capital Metro will provide local fixed route bus service within the City and commuter service into and out of Austin. Capital Metro shall provide the required number of vehicles, supervisors, fuel, bus operators and all other incidentals as required to perform an operationally dependable public transportation service.
The City will use a combination of federal (5307) and local funding to meet its financial commitment under this Agreement. The City and Capital Metro will both ensure compliance with all applicable federal statutes, regulations and policies.
Total Cost: $1,574,421
Federal 5307 (50%) $ 787,211
Local General Revenues (50%) $787,210
Cost: $1,574,421.00
Source of Funds: General Fund