2006/03/01 Council Agenda Packet

r 3�{e�c `ro�d k ir -?4 4 .,V13-p"i�zi0YTZ'k3-''l; :M2�'i v"_."�' q to**-"1- 3n c aiitAb . • PROJECT TITLE: Funding Assistance for the Regional Fare Coordination Consent COUNCIL BILL# Project Agreement X Action Originating Department Transportation Services First Reading Contact Person Paul Kaftanski Second Reading Phone Number 257-8822 Third Reading FOR AGENDA OF March 1, 2006 Public Hearing Initialed by: Department Head P14. CAA Council President (.D Location Preceding Action Attachments Department(s) Approval Transportation Services Agreement to Resume Funding Assistance for Legal Smart Card Project the Regional Fare Participation—April 23, Coordination 2003. Project Agreement Amount Budgeted Expenditure Required Account Number(s): Budget Remaining Additional Required DETAILED SUMMARY STATEMENT: By its action on April 23, 2003, the City of Everett City Council authorized the Mayor to accept Sound Transit's funding assistance as part of the agreement that would enable Everett Transit to resume its participation in the Smart Card project. Everett Transit did not recommend executing this agreement sooner because of ET's commitment to use its own designated grant dollars and the requisite local match before accessing Sound Transit's contribution. ET's commitment to use designated grants has been fulfilled and.the parties wish to execute this agreement so the flow of funding will not be interrupted. The maximum reimbursement from Sound Transit for Smart Card related activities is $792,435. The funds may be used for capital and implementation expenses and for the first two years of operations and maintenance of the system after full implementation (Summer 2008). The agreement will expire on December 31, 2008; or as otherwise extended or terminated by the mutual consent of both parties. RECOMMENDATION: Authorize the Mayor to sign the agreement between the City of Everett and Sound Transit for Funding Assistance for the Regional Fare Coordination Project. 4