Title
Approval of a Memorandum of Understanding (MOU) Entered into by and Between the Incorporated County of Los Alamos and the North Central Regional Transit District (NCRTD) for FY2024, Providing the NCRTD with $350,000.00
Recommended Motion
I move that Council approve a Memorandum of Understanding entered into by and between the Incorporated County of Los Alamos and the North Central Regional Transit District (NCRTD) for FY2024, Providing the NCRTD with $350,000.00.
County Manager's Recommendation
The County Manager recommends that Council approve the Memorandum of Understanding as presented.
Body
The purpose of the Memorandum of Understanding (MOU) is to provide $350,000 in FY2024 to the North Central Regional Tranisit District (NCRTD) for local government matches of federal grants, additional reserve funds, and such other purposes as the NCRTD deems appropriate.
Beginning in federal fiscal year 2006, the County entered MOUs directly with the NCRTD and has to date provided $9,871,640 in funding. Through these annual MOUs and as part of the County's regional partnership efforts, the County is willing to provide to NCRTD additional funding for capital and operational expenses, and to increase reserves. These partnership efforts promote efficient, supportive, sustainable, and multi-modal transportation system services operated by the NCRTD to member entities located in the district.
The County fiscal year 2024 (FY24) budget, beginning July 1, 2023 and ending June 30, 2024, provides NCRTD with $350,000. NCRTD agrees to utilize the funds provided under this MOU as matching funds for federal grants on behalf of NCRTD and to maintain the NCRTD's midday service routes to Los Alamos County contingent on staffing levels.
Fiscal and Staff Impact/Planned Item
This is a regular planned item and is included in the Progress through Partnering program budget.
Attachments
A - Memorandum of Understanding Between the Incorporated County of Los Alamos and North...
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