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2 <br /> B. Planning Coordination <br /> In an effort to coordinate the agencies'planning efforts as efficiently as possible, PSRC, <br /> Sound Transit, and the LPTAs, in cooperation with WSDOT, agree as follows (23 CFR <br /> 450.314(a) and RCW 47.80.023): <br /> 1. Procedures for UPWP and Financial Support <br /> PSRC shall cooperatively develop a UPWP on an annual or biennial basis that describes <br /> all public transportation and major transportation-related planning activities for the next <br /> one-or two-year period,regardless of funding sources or agencies conducting the <br /> activities. PSRC will prepare a UPWP and budget that outlines PSRC's work activities <br /> to be conducted,the schedule for completion, and the products that will be produced. <br /> The schedule for the draft UPWP and final submittal will be determined by the dates <br /> specified in each current UPWP Guidance for MPOs and RTPOs prepared by the <br /> WSDOT Multimodal Planning Division, WSDOT Public Transportation Division,the <br /> Federal Highway Administration(FHWA),and the Federal Transit Administration <br /> (FTA). PSRC will notify Sound Transit and the LPTAs of the current development <br /> schedule once it is finalized. A draft UPWP will be completed for review by all of the <br /> above on or before the date specified in the UPWP Guidance each year for the following <br /> fiscal year. <br /> In consultation with the Parties to this MOU,PSRC's Executive Board shall establish <br /> the annual budget for the UPWP that shall continue to support public transportation <br /> issues. Prior to PSRC's adoption of its given Fiscal Year Budget and Work Program in <br /> March,proportional allocation assumptions will be determined by mutual agreement of <br /> all Parties to this MOU. Annual or biennial assessments will be paid on July 1 of each <br /> year. <br /> The final UPWP and budget shall be adopted by PSRC and submitted to WSDOT prior <br /> to the date specified in the current UPWP Guidance preceding the start of each fiscal <br /> year. If amendments to an annual or biennial UPWP are desired at any time by one or <br /> more Parties to this agreement, all Parties that could be impacted by any such proposed <br /> amendments shall be consulted prior to any PSRC action on such amendments. The <br /> UPWP and budget may be amended at any time by PSRC in accordance with its adopted <br /> operational procedures when such amendments do not require changes to LPTA or <br /> Sound Transit assessments, pending approval by WSDOT,FTA, and FHWA. <br /> 2. Procedure for MTP and VISION 2040 Updates <br /> When PSRC determines that an update of either VISION 2040 or the MTP is necessary, <br /> it will notify Sound Transit and the LPTAs in writing. This notification shall include <br /> information regarding both the process and the schedule that PSRC intends to follow for <br /> making the MTP update. PSRC will consult and coordinate with the LPTAs, WSDOT, <br /> and Sound Transit as PSRC develops potential modifications to the MTP. The <br /> development and update of the MTP will also be coordinated with other transportation <br /> providers, including regional airport sponsors,maritime port operators,rail freight <br /> operators, etc. (23 CFR 450.316(b)). <br /> MOU—Puget Sound Regional CounciULocal Public Transit Agencies and Sound Transit Page 11 <br /> 20 <br />