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Amend Site License Agreement for Bus <br />Passenger Services at the SARTC <br />May 3, 2016 <br />Page 2 <br />reduce travel time from Santa Ana to Long Beach by twenty percent, a trip that currently takes <br />more than ninety minutes. <br />Of the ten bus bays at SARTC, five are licensed to private bus service passenger providers at an <br />average of $33,000 annually per bus bay. At this time, the City is agreeing to license to OCTA a <br />total of five bus bays for a total annual amount of $2,282, subject to CPI increases. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #3 Economic Development, <br />Objective #2 (create new opportunities for business/job growth and encourage private <br />development through new General Plan and Zoning Ordinance policies), Strategy C (promote <br />and market Santa Ana specific strengths in the regional economy including: location, size of <br />workforce, proximity to airport/train, and availability of industrial/commercial opportunities such as <br />55-freeway corridor, South Main corridor, South Bristol Street, Harbor Boulevard, Downtown and <br />Streetcar Corridor). <br />FISCAL IMPACT <br />The Site License Agreement grants OCTA the option of monthly payments or a single, annual <br />payment. Revenues received in FY 2015116 will be deposited into the PWA-SARTC Operations <br />revenue account (No. 06717002-53819). Annual revenue of $2,282 will be recognized in the <br />same revenue account and budgeted for expenditure in the FY 2016/17 PWA SARTC-Operations <br />Budget (Accounting Unit No. 06717650) and in subsequent budgets, if remaining extension <br />options are exercised. <br />i <br />re Mousavipour <br />Executive Director <br />Public Works Agency <br />FM/MLM/GPL <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez' ° <br />Executive Director <br />Finance & Management Services Agency <br />Exhibits: 1. Site License Agreement No. N-2009-046 <br />2. Amendment to Site License Agreement — OCTA <br />25H-2 <br />