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HomeMy WebLinkAbout1992-02-11 - AGENDA REPORTS - MOU TRANS SERVICE EXPANSION (2)NEW BUSINESS DATE: SUBJECT: BACKGROUND February 11, 1992 City Manager Approval �j Item to be presented by: John E. Medina MEMORANDUM OF UNDERSTANDING (MOLT) - TRANSIT SERVICE EXPANSION Public On November 28, 1990, the.Los Angeles County Transportation Commission (LACTC) allocated $13 million in Proposition A Discretionary unearned Transit Performance Measurement Program revenue to fund additional fixed route bus service in the Transit Service Expansion (TSE) Program. The TSE Program shall be in effect for two years. The Santa Clarita Route 798 which will operate from Santa Clarita to Century City, see attached Exhibit "A", is an approved project by LACTC and is eligible to receive a subsidy total of $179,920. The City shall receive the following: ♦ first year - $41,840 ♦ second year - $138,080 In order to receive the funding, the I.ACTC has requested that the City enter into a MOU for the implementation of the TSE Program. Attainment of these funds will allow the City to begin the commuter service to Century City by April 6, 1992. Staff met with representatives from LACTC, and the cities of.Palmdale and Lancaster to coordinate efforts for the service to Century City in order to maximize the use of these funds. FISCAL IMPACT The revenue from the TSE Program was not included in the Fiscal Year 1991-92 budget, but the operational costs for the commuter services to Century City was an approved expenditure. Since these funds are an unbudgeted revenue source, the City will realize a net gain of $41,840 for Fiscal Year 1991-92. APPROVED MOU - TRANSIT SERVICE EXPANSION February 11, 1992 Page 2 Although the revenue received from the TSB Program will not cover all the operation costs for commuter services to Century City during Fiscal Year 1992-93, the program was designed to encourage a transit expansion program through subsidization. RECOMMENDATION Approve the Memorandum of Understanding for the Transit Expansion Program. Direct the City Manager upon approval of the City Attorney to sign the Memorandum of Understanding with LACTC. ATTACHMENTS LACTC Memorandum of Understanding Exhibit "A" JEM:ms:gmm TSEagend