16-73 Unsigned Resolution No. 16-73
RESOLUTION
AUTHORIZING EXECUTION OF A RIDE IN KANE PACE SUBSIDY AGREEMENT
WITH THE SUBURBAN BUS DIVISION OF THE REGIONAL
TRANSPORTATION AUTHORITY FOR SERVICES DURING 2015
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 for services during 2015,a copy of
which is attached hereto and made a part hereof by reference.
s/David J. Kaptain
David J. Kaptain, Mayor
Presented: May 4, 2016
Adopted: May 4, 2016
Omnibus Vote: Yeas: 9 Nays: 0
Attest:
s/Kimberly Dewis
Kimberly Dewis, City Clerk
RIDE IN KANE
PACE SUBSIDY AGREEMENT
City of Elgin
This agreement is made this 4th day of May ,2016, 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,hereinafter referred to as"the City".
WHEREAS, 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 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 RIK NFI/JARC Agreement by contributing
funds in the amount not to exceed$183,491 as long as Pace funds are available.
NOW THEREFORE, in consideration of the mutual promises hereinafter set forth, the parties agree as follows:
TERM-This agreement will be in effect beginning January 1,2015 and ending December 31,2015.
PACE SUBSIDY—The maximum subsidy shall be the lesser of the amounts calculated in each of the
following way:
1. 75%of the projected Operating Deficit in the Approved Budget; or
2. `75%of the actual Operating Deficit; or$183,491 as long as Pace funds are available.
BILLING—Pursuant to RIK NFI/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
•
2015 Subsidy Agreement Page 1 City of Elgin
PACE CITY OF ELGIN
By: By: t
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Thomas J. Ross, Executive Director avid aptain, 'ayor
Date: Date: May 4, 2016
Attest: Attest:
ity C erk
Date: Date: May 4, 2016
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2015 Subsidy Agreement Page 2 City of Elgin