09-11 Resolution No. 09-11
RESOLUTION
AUTHORIZING EXECUTION OF A RIDE IN KANE PA E SUBSIDY AGREEMENT
WITH THE SUBURBAN BUS DIVISION OF THE REGIONAL
TRANSPORTATION AUTHORIT (PACE)
BE IT RESOLVED BY THE CITY COUNCIL OF THC CITY OF ELGIN,ILLINOIS, that
Ed Schock, Mayor, and Diane Robertson, City Clerk, be and ar- hereby authorized and directed to
execute a Ride in Kane Pace Subsidy Agreement on behalf oft e City of Elgin with the Suburban
Bus Division of the Regional Transportation Authority (PAC I) for the Ride in Kane Program, a
copy of which is attached hereto and made a part hereof by ref:rence.
s/ Ed b chock
Ed Sc ock, Mayor
Presented: January 14, 2009
Adopted: January 14, 2009
Vote: Yeas: 5 Nays: 0
Attest:
s/Diane Robertson
Diane Robertson, City Clerk
RIDE IN KANE
PACE SUBSIDY AGREEME I T
City of Elgin
This agreement is made this i��day of 4'C 200 f ,by an. between the Suburban Bus Division of the
Regional Transportation Authority(RTA) perating nder the name of.1 d hereinafter referred to as "Pace"and the
City of Elgin,hereinafter referred to as "the City".
WHEREAS, the Parties have entered into a Ride In Kane New Freedo JARC Service Agreement hereinafter
referred to as the"RIK NFI/JARC Agreement".
WHEREAS, the RIK NFI/JARC Agreement provides for the City to sa 'sfy the local share for the eligible mobility
management costs of the project for its registered riders and the local shar- for the eligible operating costs of the project
at no less than 50 percent of the net cost for its registered riders;
WHEREAS, Pace hereby agrees to subsidize the City service under the ' 1 NFI/JARC Agreement by contributing
funds in the amount not to exceed$203,809 as long as Pace funds are a ailable.
NOW THEREFORE, in consideration of the mutual promises hereinaft:r set forth, the parties agree as follows:
TERM -This agreement will be in effect beginning January 1, 2009 and ending December 31, 2009.
PACE SUBSIDY-The maximum subsidy shall be the lesser o the amounts calculated in each of the
following way:
1. 75%of the projected Operating Deficit in the Ap'roved Budget; or
2. 75% of the actual Operating Deficit; or
3. $2.25 multiplied by the number of annual one-wa passenger trips not to exceed the
maximum number of trips in the Approved Budge' or$203,809 as long as Pace funds are
available.
BILLING—Pursuant to RIK NFI/JARC Agreement,Pace shall bill t e City on a monthly basis for 50 percent of
the net operating costs of the service and a portion of the mobility 0 anagement costs that may exceed funding
hereunder less the remaining monthly Pace subsidy for its eligible rid-rs.The City agrees to make payment to Pace
due within thirty days of receipt of billing. Payment shall be sent to
Pace Suburban Bus Service
550 W. Algonquin Road
Arlington Heights, IL 60005
Attn: Accounting Department
2009 Subsidy Agreement Page 1 City of Elgin
PACE CITY OF ELGIN
By: By:
Thomas J. Ross, Executive Director Edward Schoc , ayor
Date: -� Date: / A t
ff�� pp
Attest: VEL Attest � •,��
gotocrAson, i c Cie,/ k
Date: :/ ��S — Q9 Date:C (y2,2 167 dl '
2009 Subsidy Agreement Page 2 City of Elgin