SUBJECT:
title
Approval of a resolution authorizing the President & CEO, or her designee, to finalize and execute a second amended and restated Interlocal Agreement (ILA) between CapMetro and the City of Austin for the expansion and electrification of the Bikeshare Program for an initial three-year term with operations and maintenance and capital contributions from the City in amounts not to exceed $750,000 and $3,600,000 respectively, and other contributions outlined in the ILA, with options to extend the ILA through FY2034.
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FISCAL IMPACT:
Refer to executive summary for clarification.
STRATEGIC PLAN:
Strategic Goal Alignment:
? 1. Customer ? 2. Community
? 3. Workforce ? 4. Organizational Effectiveness
Strategic Objectives:
? 1.1 Safe & Reliable Service ?1.2 High Quality Customer Experience ? 1.3 Accessible System
? 2.1 Support Sustainable Regional Growth ? 2.2 Become a Carbon Neutral Agency
? 2.3 Responsive to Community and Customer Needs ? 2.4 Regional Leader in Transit Planning
? 3.1 Diversity of Staff ? 3.2 Employer of Choice ? 3.3 Expand Highly Skilled Workforce
? 4.1 Fiscally Responsible and Transparent ? 4.2 Culture of Safety ? 4.3 State of Good Repair
EXPLANATION OF STRATEGIC ALIGNMENT: The Bikeshare system will empower, enhance, and serve the region and its communities through the responsible delivery of high-quality public transportation that seeks to close the gap between the first mile and last mile of traditional fixed route bus and train service. The Bikeshare program shall be operated through joint funding contributions from the City and CapMetro as outlined in the ILA.
BUSINESS CASE: CapMetro Bikeshare facilitates sustainable, healthy, equitable first and last mile connections to transit through a partnership with the City of Austin whereby the City owns the hardware and bicycles and CapMetro operates, maintains, and pla...
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