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8.B. - Page 65 of 70 Redwood City Broadway Streetcar/Urban Circulator Study Summary Report Table 3: Ownership Options •Additional ■ In accordance with the Transit Development Act, approval by MTC and Takes funds from other existing SamTrans is required in order for the City to become a transit operator transit uses (TDA) City of Redwood City An agreement with a transit operator, if it is not the City, generally would City has no experience operating need agreements with local or regional transit providers on use of facilities, transit joint planning ■ Takes funds from other existing ■ MOU with city for use of facilities and right of way, joint planning would be transit uses. SamTrans has no SamTrans needed streetcar operating experience ■ Would likely also act as operator Has an expensive cost structure compared to private operators ■ Establish non-profit entity ■ Difficult to assure long term Non -Profit Organization (business MOU with city and possibly the local or regional transit provider for use of financing association or Transportation facilities and right of way Private businesses may prefer to Management Association - TMA) Agreement with operator (Emery -Go -Round bus service in Emeryville is an operate their own shuttles example) ■ Agreement with City and possibly the local or regional transit provider for Need financial terms such that the Private Operator use of facilities and right of way operator is assured to cover costs ■ Would likely also act as operator and earn a profit MOU with city and possibly the local or regional transit provider for use of Takes funds from other existing Peninsula Corridor Joint Powers facilities and right of way transit uses Board (Caltrain) Approval of Caltrain board Caltrain has no streetcar operating experience Smith 608