14-121 Resolution No. 14-121
RESOLUTION
AUTHORIZING EXECUTION OF A RIDE IN KANE PACE SUBSIDY AGREEMENT
WITH THE SUBURBAN BUS DIVISION OF THE REGIONAL TRANSPORTATION
AUTHORITY (PACE) FOR THE RIDE IN KANE PROGRAM
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS,
that David J. Kaptain, Mayor, and Kimberly A. Dewis, City Clerk, be and are hereby authorized
and directed to execute a Ride in Kane Pace Subsidy Agreement on behalf of the City of Elgin
with the Suburban Bus Division of the Regional Transportation Authority (PACE) for the Ride
in Kane Program, a copy of which is attached hereto and made a part hereof by reference.
s/David J. Kaptain
David J. Kaptain, Mayor
Presented: August 27, 2014
Adopted: August 27, 2014
Vote: Yeas: 6 Nays: 3
Attest:
s/Kimberly Dewis
Kimberly Dewis, City Clerk
RIDE IN KANE NOV 7 RECD
PACE SUBSIDY AGREEMENT
City of Elgin
This agreement is made this 11th day of June, 2014, by and between the Suburban Bus Division of the "Regional
Transportation Authority (RTA), operating under the name of and hereinafter referred to as "Pace" and the City of
Elgin, herein referred to as "the City".
WHERAS, the RIK NFI/JARC Agreement provides for the City to satisfy the local share for the eligible mobility
management costs of the project for its registered riders and the local share for eligible operating costs of the
project at no less than 50 percent of the net cost for its registered riders.
WHERAS, Pace hereby agrees to subsidize the City service under the RIK MFI/JARC Agreement by contributing funds
in the amount not to exceed $179,893 as long as Pace funds are available.
NOW,THERFORE, in consideration of the mutual promises herein set forth,the parties agree as follows:
TERM -This agreement will be in effect beginning January 1, 2014 and ending December 31. 2014
PACE SUBSIDY — The maximum subsidy shall be the lesser of the amounts calculated in each of the following
ways:
1. 75%of the projected Operating Deficit in the Approved Budget;or
2. 75%of the actual Operating Deficit;or$179,893 as long as Pace funds are available.
BILLING—Pursuant to the RIK NFJ/JARC Agreement, Pace shall bill the City on a monthly basis for 50 percent
of the net operating costs of the service and a portion of the mobility management costs that may exceed
funding hereunder less the remaining monthly Pace subsidy for its eligible riders. 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
PACE CITY OF ELGIN
By: By: / � C�� �i exsc
4 r
Thomas J. Ross, Executive Director David Kaptai , Ma or
Date: " ,2_A LL( Date: August 27, 2014
Attest: r'N ,T Attes••. #
I Kimberly Dewis, ity Clerk
Date: ID LA 1 Date: August 27, 2014
COST ESTIMATE WORKSHEET
2014 PACE SUBSIDY AGREEMENT
PROJECT: CITY OF ELGIN
REVENUE $ 108,919
EXPENSES $ 948,261.
OPERATING DEFICIT $ 839,342
PACE SUBSIDY $ 179,893
NFI GRANT AMOUNT $ 375,636
CALL CENTER GRANT $ 70,464
PACE CALL CENTER SUBSIDY $ 17,616
LOCAL SHARE $ 195,733
RIDERSHIP 32,935
VEHICLE HOURS 14,668
Cost Estimate Worksheet 2014 Local Share Aoreement