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HomeMy WebLinkAboutC2015-525 - 7/28/2015 - Approved NOTIFICATION FOR ADDITIONAL FUNDING IN 2015 (Street Maintenance Program) The Regional Transportation Authority in Corpus Christi, Texas ("RTA"), a metropolitan transit authority operating under Chapter 451 of the Texas Transportation Code, and the City of Corpus Christi, Texas ("City"), a municipal corporation, entered into a revised Interlocal Agreement (the "Agreement") in 2013 providing funding by the RTA to the City for a Street Maintenance Program. The RTA has allocated the amount of $2,658,487.00 for its fiscal year 2015 under the Agreement. Such funds shall be paid to the City for projects in the manner provided under the Agreement. As provided in the Agreement, the City has agreed to submit its proposed list of street improvement projects for fiscal year 2015 funding and file a report with the RTA within 90 days following the end of each year on the expenditure of the funds paid to the City during the previous fiscal year. The RTA additionally has adopted a policy to encourage contracting with disadvantaged business enterprises (DBEs) in all procurements and has adopted a goal of 13%participation for the current year. The City is encouraged to provide contracting opportunities for DBEs in connection with the use of these funds and include the level of DBE'participation in the final report. This Amendment is made for the sole purpose of acknowledging the additional funding for 2015. All terms and conditions of the Agreement shall continue in full force and effect and are ratified and confirmed. -fin EXECUTED IN DUPLICATE ORIGINALS this �'1 day of I iat-C REGIONAL TRANSPORTATION AUTHORITY By: ,1. Date: 3//c/ .. ACCEPTED: CITY OF 1 RP. Jr COUNCIL.....,..... z8 15 Y �. .'k SEC RETARV Ron:ld L. Ols.n,City r anger . Date: a \—A-AVVD 'I�0 Approved as to for •__.._. T riT• 1-2JeLe__-0-6„ 2015-525 Assi tant City Attorney 7/28/15 For City Attorney Res. 030568 RTA INDEXED