HomeMy WebLinkAbout1994-10-25 - AGENDA REPORTS - TRANS AGMT BTN SC VOUCHER (2)AGENDA REPORT
City Manager Approv
Item to be pres ted
Jeff of puty City Manager
CONSENT CALENDAR
DATE: October 25, 1994
SUBJECT: TRANSIT VOUCHER AGREEMENT BETWEEN THE CITY OF
SANTA CLARITA AND THE VOUCHER CORPORATION
DEPARTMENT: Public Works
BACKGROUND
The Transit Voucher program is a federally funded project which is designed to assist in
meeting the air quality goals of regional entities, such as the Southern California Association
of Governments (SCAG), and South Coast Air Quality Management District (SCAQMD).
These agencies have developed a series of programs to increase the efficiency of the regional
transportation network and improve air quality, such as SCAQMD's Rule 1501 (formerly
known as Regulation XV), which requires that all businesses within the South Coast Air Basin
develop transportation programs designed to promote the use of alternative transportation
modes by their employees.
Employers within the SCAG region may purchase and then provide to their employees transit
vouchers, as a means of subsidizing employee transit expenses. In approving the Transit
Voucher Agreement, the City of Santa Clarita agrees to accept the transit voucher at face value
toward the purchase of a fare media worth a value equal to or greater than the face value of the
transit voucher. As part of the Memorandum of Understanding (MOLT), The Voucher
Corporation (TVC) guarantees the face value of each voucher. Therefore, there is no financial
impact upon the City. The City formerly had an MOU with SCAG for the same purpose, but,
as a demonstration project. The demonstration was considered successful and has now been
turned over to a private concern (TVC) for continued implementation.
RECOAIMW,NDATION
Approve the attached Memorandum of Understanding between the City and The Voucher
Corporation and authorize the City Manager to sign on behalf of the City,
ATTACHMENT APPRED
Memorandum of Understanding
trnxk0l.mar Agenda Item: 81
MEMORANDUM OF UNDERSTANDING
BETWEEN
THE VOUCHER CORPORATION (TVC)
AND
THE CITY OF SANTA CLARITA
INTRODUCTION
A) This Memorandum of Understanding is entered into between The Voucher
Corporation and the City of Santa Clarita.
B) The program is designed to complement efforts throughout the region to
reduce congestion and bring the region into compliance with federal and state clean
air standards.
1. PROVISIONS
A) The program objective is to provide a transit voucher that employers within
the Southern California region may purchase and then provide to their employees
as a means of subsidizing employee transit expenses.
B) TVC will enter into an agreement to provide all services related to program
operation.
C) The program is designed to facilitate the use of an available monthly tax
subsidy for transit use (Paragraph 1.132-6T(d)(1) of the Internal Revenue Code).
2. AGREEMENTS
A) The City of Santa Clarita and its legally designated affiliate agree to accept the
transit voucher produced by TVC at face value toward the purchase of transit
services.
B) The City of Santa Clarita and its agent may only accept the transit voucher
when it is applied towards the purchase of a fare media worth a value equal to or
greater than the face value of the transit voucher.
C) The transit voucher must be check -quality, that is, in conformance with the
Uniform Commercial Code of the Federal Reserve Bank.
APPROVED:
-------------------
DENISE KELLER, Chief Executive Officer
The Voucher Corporation
APPROVED:
GEORGE CARAVALHO, City Manager
City of Santa Clarita
APPROVED AS TO FORM:
City Attorney
ATTEST:
City Clerk
Date
Date