Item 11 - OC Streetcar Operations and Maintenance Cooperative Agreement

Home Browse Search

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 COOPERATIVE AGREEMENT NO. C-3-2323 ARTICLE 3. SCOPE OF AGREEMENT This Agreement specifies the roles and responsibilities of the Parties as they pertain to the subjects addressed herein. Both Parties agree that each shall cooperate and coordinate with the other in all activities covered by this Agreement and any other supplemental agreements that may be required to facilitate purposes thereof. ARTICLE 4. RESPONSIBILITIES OF THE AUTHORITY The AUTHORITY agrees to the responsibilities, requirements, and financial obligations identified in Exhibit B - Operations, Exhibit C - Maintenance, and Exhibit D - Track Access attached hereto and made part of this Agreement. ARTICLE 5, RESPONSIBILITIES OF THE CITY The CITY agrees to the responsibilities, requirements and financial obligations identified in Exhibit B - Operations, Exhibit C - Maintenance, and Exhibit D - Track Access attached hereto and made part of the Agreement. ARTICLE 6. DELEGATED AUTHORITY The actions required to be taken by the CITY in the implementation of this Agreement are delegated to its City Manager, or designee, and the actions required to be taken by the AUTHORITY in the implementation of this Agreement are delegated to the AUTHORITY's Chief Executive Officer, or designee. ARTICLE 7. FINANCIAL OBLIGATIONS OF THE PARTIES A. AUTHORITY OPERATING COST RESPONSIBILITY The AUTHORITY is responsible for the Operating Cost of the System. B. CITY OPERATING COST RESPONSIBILITY Commencing with Revenue Service, the CITY shall reimburse the AUTHORITY annually, through Payment to the AUTHORITY, ten percent (10%) of the following sum: Operating Costs less any Operating Revenue, as defined. Page 7 of 14