Long Beach, CA
File #: 30961_000    Version: 1 Name: LONG BEACH PUBLIC TRANSPORTATION COMPANY - AGREEMENT
Type: Conformed Contract Status: CCIS
File created: 12/16/2008 In control: City Clerk
On agenda: 9/23/2008 Final action: 9/23/2008
Title: AGREEMENT: CITY TO MAKE AVAILABLE TO LONG BEACH TRANSIT PORTION OF CITY'S PROPOSITION "A" LOCAL RETURN FUNDS FROM LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY (MTA) FOR PUBLIC TRANSIT PURPOSES & PROJECTS - CITY TO MAKE AVAILABLE TO LONG BEACH TRANSIT 70% OF CITY'S PROPOSITION "A" FUNDS RECEIVED FROM MTA PLUS $271,860 OF REMAINING 30% WHICH CITY RETAINS FOR MTA'S FISCAL YEAR 2008-2009 (7/1/2008 - 6/30/2009); 70% OF CITY'S PROPOSITION "A" FUNDS RECEIVED FROM MTA PLUS $312,639 OF REMAINING 30% WHICH CITY RETAINS FOR MTA'S FISCAL YEAR 2009-2010 (7/1/2009 - 6/30/2010); & 70% OF CITY'S PROPOSITION "A" FUNDS RECEIVED FROM MTA PLUS $359,535 OF REMAINING 30% WHICH CITY RETAINS FOR MTA'S FOR FISCAL YEAR 2010-2011 (7/1/2010 - 6/30/2011) OR TOTAL MTA APPROVED BUDGET FOR CITY, WHICHEVER IS LESS
Sponsors: Public Works
Indexes: Agreements
Attachments: 1. 30961_000.pdf
Related files: 08-0988
TITLE
AGREEMENT:  CITY TO MAKE AVAILABLE TO LONG BEACH TRANSIT PORTION OF CITY'S PROPOSITION "A" LOCAL RETURN FUNDS FROM LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY (MTA) FOR PUBLIC TRANSIT PURPOSES & PROJECTS - CITY TO MAKE AVAILABLE TO LONG BEACH TRANSIT 70% OF CITY'S PROPOSITION "A" FUNDS RECEIVED FROM MTA PLUS $271,860 OF REMAINING 30% WHICH CITY RETAINS FOR MTA'S FISCAL YEAR 2008-2009 (7/1/2008 - 6/30/2009); 70% OF CITY'S PROPOSITION "A" FUNDS RECEIVED FROM MTA PLUS $312,639 OF REMAINING 30% WHICH CITY RETAINS FOR MTA'S FISCAL YEAR 2009-2010 (7/1/2009 - 6/30/2010); & 70% OF CITY'S PROPOSITION "A" FUNDS RECEIVED FROM MTA PLUS $359,535 OF REMAINING 30% WHICH CITY RETAINS FOR MTA'S FOR FISCAL YEAR 2010-2011 (7/1/2010 - 6/30/2011) OR TOTAL MTA APPROVED BUDGET FOR CITY, WHICHEVER IS LESS