Laserfiche WebLink
COOPERATIVE AGREEMENT NO. C-13262 <br />1 2. Funds for the program are identified as one percent (1 %) of Renewed Measure M <br />2 (M2), also called OC GO, net sales tax revenue (Net Revenue) and will be allocated to all local <br />3 jurisdictions based upon the participating entity's respective percentage of the senior population of the <br />4 entire County. <br />5 3. Senior population will be determined by using the most current official decennial <br />6 Census information provided by the U.S. Census Bureau. <br />7 4. All active participants will receive their portion of funding on a bi-monthly basis. <br />8 B. AUTHORITY agrees that Net Revenues allocated shall be expended within three (3) <br />9 years of receipt. AUTHORITY may grant an extension to the three (3)-year limit, but extensions shall not <br />10 be granted beyond a total of five (5) years from the date of the initial funding allocation. <br />11 C. In the event the time limits for use of Net Revenues are not satisfied, then any retained <br />12 Net Revenues that were allocated to an Eligible Jurisdiction and interest earned thereon shall be returned <br />13 to AUTHORITY and these Net Revenues and interest earned thereon shall be available for allocation to <br />14 any project within the same source program at the discretion of AUTHORITY. <br />15 D. AUTHORITY may provide, at AUTHORITY's sole discretion, a refurbished surplus <br />16 paratransit vehicle, at no cost to CITY and no further responsibility to AUTHORITY after vehicle donation. <br />17 CITY may purchase additional vehicle(s) in excess of their vehicle allocation at a cost of <br />18 Five Thousand Dollars ($5,000) per vehicle, subject to vehicle availability. <br />19 ARTICLE 3. RESPONSIBILITIES OF CITY <br />20 A. CITY must satisfy all M2 eligibility criteria, as specified in the Orange County Local <br />21 Transportation Authority Ordinance No. 3, Attachment B, Section III, in order to receive their formula <br />22 allocation for the SMP. <br />23 B. CITY agrees that all funds received from AUTHORITY as specified in Article 2A above <br />24 will be used exclusively for providing accessible senior transportation services as specified in <br />25 Exhibit A, entitled "Senior Mobility Program Agency Service Plan." <br />26 / <br />Page 3 of 9 <br />