Agmt07 Peninsula Traffic Congestion Relief Alliance - Redwood City Pilot Shuttle Program

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in future years, the preparation of application forms with the statistical and operating information that may be required in connection therewith to the extent that information to be included therein must be obtained from the records for the SHUTTLE PROGRAM maintained by CITY pursuant to this Agreement. (c) CITY will cooperate with ALLIANCE in the preparation of grant applications for continuance of funding for the SHUTTLE PROGRAM or grant funds to finance increases in the levels of service provided by the SHUTTLE PROGRAM. (d) CITY will, from time to time, assist ALLIANCE in the conduct of marketing and promotion activities for the SHUTTLE PROGRAM, contingent upon the availability of capacity to handle any increased ridership that may result from such efforts. (e) The parties acknowledge that ALLIANCE is not intended to be a source of grant funds or loans for the SHUTTLE PROGRAM and it is not the intention of this Agreement to obligate ALLIANCE to provide continuing financing for any operating deficits of the SHUTTLE PROGRAM. (f) In the event of any default by a PARTICIPATING EMPLOYER in the payment of a required contribution for the SHUTTLE PROGRAM, or any loss or delay in receipt of grant money from any funding agency (if applicable), CITY may incur an out-of-pocket expense for operation of the SHUTTLE PROGRAM pursuant to Section 2(e) above. To commence SHUTTLE PROGRAM, CITY agrees to contribute $25,000 covering the months of April through June of 2007. Thereafter, the CITY agrees to contribute up to $75,000 per fiscal year to support SHUTTLE PROGRAM and ALLIANCE may reduce service to eliminate any anticipated funding deficit for SHUTTLE PROGAM. 3. Determination of Annual Operating Pro>;ram and Budget. (a) CITY and ALLIANCE shall meet during the first quarter of each calendar year to establish the budget and operating program for the next fiscal year, which shall run from July lst to June 30` . The budget shall be based upon the amount of grant funding which has been awarded to ALLIANCE by FUNDER and any other funding agencies, plus the amount expected to be contributed by the PARTICIPATING EMPLOYERS for payment of operating expenses of the SHUTTLE PROGRAM. The budget and operating program shall be approved in writing by the City Manager of CITY and the Executive Director of ALLIANCE and, except as otherwise provided in Section 2(f) of this Agreement, the budget and operating program shall not thereafter be modified without the written approval of both parties. Peninsula Traffic Congestion Relief Alliance Page 5 January 2007 HANSONSF_1302526_2 (2).doc 1302526.2