HomeMy WebLinkAbout1991-09-10 - AGENDA REPORTS - FIVE BUS PURCHASE (2)}
AGENDA REPORT
City Manager ApprovAb
Item.to be presente
NEW BUSINESS John E. Medina
DATE: September 10, 1991
SUBJECT: FIVE BUS
DEPARTMENT: Public Wo
BACKGROUND
The City Council in its meeting of January 8, 1991 authorized the purchase of
thirteen 27 -passenger Gillig Spirit buses. The new service was initiated with
seven routes on August 5, 1991 with a very successful first month of operation.
A 37% increase in ridership with a one week period increase of 67% in the
transit field is considered to be phenomenal. The success has caused concern
with the ability of the Transit System to satisfy the new public demand created
now and in the near future. Numerous City residents have requested additional
routes and service to areas such as Canyon Country and the San Fernando Valley.
The Transit Plan, prepared by Comsis and Associates, the .City's consultant,
provided a short and long range plan. Staff is of the opinion that portions of
the long range plan should be accelerated to address the needs for increased
transit service. The attached sheet indicates some of the factors considered by
staff.
The rider demand has indicated a strong need for larger capacity buses such as
35 -foot, 39 -passenger vehicles for certain bus routes. The estimated cost per
bus is $200,000 to $210,000. for a total of $1,000,000 to $1,050,000 for the
purchase of these buses.
Los Angeles County Transportation Commission (LACTC) Bonding Authority
The LACTC Bonding Authority is coordinating a financing program for the purchase
of our 11 commuter buses, the City of Los Angeles and Los Angeles County buses.
The bond issue size has resulted in a very attractive percentage rate of 6.2%
being obtained.
The City has the opportunity to add to this bond a sum sufficient to purchase
the five additional local buses without incurring the cost of a separate
issuance. The savings and excellent bond rate and increasing the repayment
period from 10 to 12 years, will permit the purchase of the five buses without
increasing the amount of annual debt service. Payment of the bonds will come
from the City's transit Prop A and Transportation Demand Act (TDA) future funds.
Agenda Item:
Five Bus Purchase
September 10, 1991
The LACTC is proceeding with the bond sale within the next few days which
requires we advise them as soon as possible if we wish to benefit from this
financing program. A separate issue by the City could result in a less
attractive financing program to our City.
RECOMMENDATION
Direct staff to develop specifications and advertise and receive sealed bids for
the purchase of five buses for local service.
ATTACHMENTS
Transit Needs Assessment
Cash Flow Projections
JEM:gmm
FIVEBUS
Staff has based the request for five additional buses on the following facts:
o Ridership for the month of August was up 38% over last year.
o While doubling frequency of service, the new system only provides 7.6% more seats per hour.
o Ridership following the opening of school is up 16.5%.
o Residents of Canyon Country are requesting additional service.
o Residents are also requesting a route to the San Fernando Valley to connect with the RTD.
o LACTC bond rate is .5% lower than that obtained by the City.
o The LACTC bond is for a 12 year period as opposed to the City's 10 year bond.
o By utilizing the LACfC Bond Authority for this purchase, the City's annual bond debt will be
less than originally calculated.
o If the City does not act now, additional monies would be required to issue a new bond.
LBSS$ Other Carts
Coleater buret
Local beer
Dial-b-lldedlderly Sasdicapped
Dial-l-lide,ceaeral
City Staff
1I Canty
ather Costs
total Operating Caste
Serplss/$Deficit) Ifter frop.l
101 (Article 8) Bets$
triaoit(luaep
Iighgale
fatal Tal lllocitits$
frog. C total
Ttault(lales)
fail
total Prop. C Illocatloo$
(182,594) (328,9111 (344,022), (361,223) (379,2811 (398,218) (118,161) (139,0691 (661,022) (184,071) (508,2171 (533,6911 (560,374)
11,500,181) 11,720,1611 (1,199,3951 (1,889,3651 (1,983,8331 (2,083,0251 (2,181,1761 (2,296,535) (2,111,3611 (2,531,929) (2,658,526) (2,791,452) 12,931,42SJ
(258,481) (161,191) (678,3501 (So2,268) (527,381) (SS3,7SOJ (561,4371 (610,509) (641,0351 (673,086) ' (706,7411 (712,018) (779,1621
(88,651) (1SS,455) (160,130) (168,137) 1176,5431 1185,3701 (191,639) 1204,371) (214,590) 1225,319) (236,SBS) (218,111) 1260,835)
(353,3011 (101,766) (429,201) (150,665) (173,198) (196,858) (521,701) (S47,786) (57S,1751 1603,9341 (611,130) 1665,637) (619,129)
1700,0001 A 0 0 0 a a 0 a o 0 0 0
(225,4201 1121,7161 (127,8021 (134,1921 1140,9011 (66,S241 (69,850) 173,3431 (11,010) (8418611 184,9011 (89,169) (93,606)
(3,308,712) (3,196,7011 (3,338,9031 (3,S03,0101 (3,681,1111 (3,783,775) (3,972,964) (1,171,612) (4,380,193) (4,599,203) (4,829,1631 (5,070,621) 15,321,1121
1,093,020 (113,585) (1,861,!11) (I,D91,OB1J (1,913,18/) (1,151,809) (1,810,028) (1,88/,5581 (1,891,111) (1,901,1931 (1,838,856] (1,621,162) (1,623,1251
6 763,585 1,867,617 1,891,081 1,913,681 1,853,809 1,870,028 1,884,558 1,891,111 1,901,193 1,838,856 1,621,762 1,623,125 _
2,600,520 2,618,971 1,109,119 1,291,665 1,495,067 1,793,555 2,032,452 2,291,309 2,511,031 2,813,457 3,276,760 3,851,118 4,233,111
2,600,520 2,782,551 2,977,335 3,185,119 3,608,751 3,617,361 3,902,679 I,I1S,867 1,468,178 4,780,950 S,11S,616 5,173,710 5,851,169
0 o a a o 0 o a 0 a a 0 0
1,018,111 1,089,382 1,165,639 1,211,233 1,334,540 1,421,958 1,527,915 1,63t,869 1,719,309' 1,871,765 2,002,784 2,112,919 2,292,918
1,018,114 1,089,382 1,165,639 1,241,233 1,331,540 1,427,951 1,527,915 1,631,869 1,719,309 1,871,761 2,002,781 2,112,919 2,292,988
(1) projections include 18 Local buses and 11 Counter buses.
(2) Operational coots for cotouter hence hire been increased proportionately for 2 additional bases.
(3) Beginning food Balance reflects a net gain 0o prop A erchaoge
14) Operational Coats for local bosses iocreased 401 per I. prior for 5 additional busses
CITY Of
SIITA CLAII91
9111311 STSTSI
I
CISI IL01 11011CfI01S
s
i
91-92
92.91
93.91
91-95
95-96
94.97
97.98
98-99
99-00
00-01
01.02
02-01
0:VO4
Tear
t
2
3
4
5
6
7
8
9
10
11
12
13
fop. 6rosth late 2.001
lsflatiao Bate
S.009
----------------------------------------------------------
hop. t leterles'
2,161,195
-----------------•--------------------------------------......--------.........--------.........--------------------------...------------------
1,093,020
0
0
0
0
0
0
0
0
0
0
0
trap. i-Itoul llloc.
1,272,613 .
1,161,728
I,IS7,049
1,559,042
I'm,IIS
1,181,918
1,909,891
2,043,581
2,186,638
2,339,702
2,503,181
2,618,72S
2,866,236
Sobtatal flop. 1
3,711,138
2,154,148
1,151,0/9
1,559,042
1,668,17S
1,78/,918
1,909,891
2,013,587
2,186,138
2,339,702
2,503,481
21618,725
2,866,216
Ioceatiee Glatt$
218,500
0
0
0
0
4
0
0
0
0
a
0
0
fare log liters
32S,464
158,017
178,613
$02,576
527,101
554,094
581,794
610,886
611,428
673,199
707,111
712,533
779,660
Ll Cavity Coatribotioo
325,919
278,211
290,575
305,103
320,359
336,311
353,195
370,BSS
389,398
118,868
/29,311
ISO,111
413,316
1411111[ fro. Its Shelter Ads
87,610
57,600
60,110
63,504
16,679
70,013
73,511
71,190
81,049
85,101
89,]Sl
93,824
91,516
LISS$ Lease tallest$
(292,859(
(615,1611
(811,1611
1815,4611
1815,161)
(B1S,1611
(815,461)
(615,461)
(815,6611
(815,161)
(739,0171
(517,100)
(517,000)
ltsaiaiag trap. A after Lease
1,101,762
------
2,133,116
---• --
1,171,286
------
1,614,765
-- - - --
1,767,157
------ --
1,929,966
-- --
2,102,936
------
2,287,054
------
2,183,012
-----•
2,691,710
------
2,990,306
------
3,118,159
------
3,700,727
------
LBSS$ Other Carts
Coleater buret
Local beer
Dial-b-lldedlderly Sasdicapped
Dial-l-lide,ceaeral
City Staff
1I Canty
ather Costs
total Operating Caste
Serplss/$Deficit) Ifter frop.l
101 (Article 8) Bets$
triaoit(luaep
Iighgale
fatal Tal lllocitits$
frog. C total
Ttault(lales)
fail
total Prop. C Illocatloo$
(182,594) (328,9111 (344,022), (361,223) (379,2811 (398,218) (118,161) (139,0691 (661,022) (184,071) (508,2171 (533,6911 (560,374)
11,500,181) 11,720,1611 (1,199,3951 (1,889,3651 (1,983,8331 (2,083,0251 (2,181,1761 (2,296,535) (2,111,3611 (2,531,929) (2,658,526) (2,791,452) 12,931,42SJ
(258,481) (161,191) (678,3501 (So2,268) (527,381) (SS3,7SOJ (561,4371 (610,509) (641,0351 (673,086) ' (706,7411 (712,018) (779,1621
(88,651) (1SS,455) (160,130) (168,137) 1176,5431 1185,3701 (191,639) 1204,371) (214,590) 1225,319) (236,SBS) (218,111) 1260,835)
(353,3011 (101,766) (429,201) (150,665) (173,198) (196,858) (521,701) (S47,786) (57S,1751 1603,9341 (611,130) 1665,637) (619,129)
1700,0001 A 0 0 0 a a 0 a o 0 0 0
(225,4201 1121,7161 (127,8021 (134,1921 1140,9011 (66,S241 (69,850) 173,3431 (11,010) (8418611 184,9011 (89,169) (93,606)
(3,308,712) (3,196,7011 (3,338,9031 (3,S03,0101 (3,681,1111 (3,783,775) (3,972,964) (1,171,612) (4,380,193) (4,599,203) (4,829,1631 (5,070,621) 15,321,1121
1,093,020 (113,585) (1,861,!11) (I,D91,OB1J (1,913,18/) (1,151,809) (1,810,028) (1,88/,5581 (1,891,111) (1,901,1931 (1,838,856] (1,621,162) (1,623,1251
6 763,585 1,867,617 1,891,081 1,913,681 1,853,809 1,870,028 1,884,558 1,891,111 1,901,193 1,838,856 1,621,762 1,623,125 _
2,600,520 2,618,971 1,109,119 1,291,665 1,495,067 1,793,555 2,032,452 2,291,309 2,511,031 2,813,457 3,276,760 3,851,118 4,233,111
2,600,520 2,782,551 2,977,335 3,185,119 3,608,751 3,617,361 3,902,679 I,I1S,867 1,468,178 4,780,950 S,11S,616 5,173,710 5,851,169
0 o a a o 0 o a 0 a a 0 0
1,018,111 1,089,382 1,165,639 1,211,233 1,334,540 1,421,958 1,527,915 1,63t,869 1,719,309' 1,871,765 2,002,784 2,112,919 2,292,918
1,018,114 1,089,382 1,165,639 1,241,233 1,331,540 1,427,951 1,527,915 1,631,869 1,719,309 1,871,761 2,002,781 2,112,919 2,292,988
(1) projections include 18 Local buses and 11 Counter buses.
(2) Operational coots for cotouter hence hire been increased proportionately for 2 additional bases.
(3) Beginning food Balance reflects a net gain 0o prop A erchaoge
14) Operational Coats for local bosses iocreased 401 per I. prior for 5 additional busses