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Subject
title
Approve Cooperative Agreements with the City of Irvine for Proposition 116 Replacement Funds and OC ACCESS Services
overview
Overview
In 2010, the Orange County Transportation Authority and the City of Irvine entered into a cooperative agreement related to the use of Proposition 116 funds secured by the City of Irvine and used by the Orange County Transportation Authority for rail capital projects. The cooperative agreement provided for a 30-year payback term along with other provisions and has been amended nine times. Several changes have occurred since that time that now warrant the need to replace the original agreement.
recommendation
Recommendation(s)
A. Authorize the Chief Executive Officer, or designee, to negotiate and execute Cooperative Agreement No. C250333 for the Proposition 116 payback to replace related provisions in Cooperative Agreement No. C-0-1892.
B. Authorize the Chief Executive Officer, or designee, to negotiate and execute Cooperative Agreement No. C250332 for the provision of OC ACCESS services to replace related provisions in Cooperative Agreement No. C-0-1892.