Title
Transportation Department recommending Chairman be authorized to sign the following pertaining to Transportation Development Act Monies granted from Tahoe Regional Regional Planning Agency:
(1) Amendment IV to Agreement for Services AGMT 05-841 with Area Transit Management, Inc. increasing compensation by $122,781 to $1,151,124 and extending the term three additional months through June 30, 2008;
(2) Resolution 67-2008 authorizing the filing of Transportation Development Act (TDA) claims;
(3) Budget transfer 28131 for same; and
(4) Adopt the recommended findings.
FUNDING: Transportation Development Act Monies granted through the Tahoe Regional Planning Agency.
Body
BUDGET SUMMARY:
Total Estimated Cost $531,124
Funding
Budgeted $440,000
New Funding $91,124
Savings $
Other $
Total Funding Available** $531,124
Change To Net County Cost $0.00
**For clarification, this amount represents the FY 2007-08 budget for the ATM contract. Total amount of the agreement is $1,151,124 covering multiple fiscal years.
Fiscal Impact/Change to Net County Cost:
The proposed increased compensation for the Area Transit Management (ATM) agreement is $122,781. When the FY 2007-08 budget was set up, the department was unsure of the annual cost of these services due to the fact that the services still needed to go out to bid. The department assumed going back to Board with a budget transfer at the time a new bid was awarded. In order to fully fund the remainder of the fiscal year assuming the rates in the Area Transit Management agreement, the department is requesting an additional $91,124 in Transportation Development Act (TDA) Funding. Additionally, Federal Transit Administration (FTA) funding was anticipated in the amount of $46,011 for FY 07-08 but only $23,634 will be realized resulting in a reduction of $22,377. Caltrans withheld the $22,377 due to the fact that our transit provider (ATM) w...
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