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6.B. - Page 1 of 13 /<�ik Redwood CitylCallifornia Faunded 1867 A,&/ DATE: March 9, 2020 SUBJECT STAFF REPORT To the Honorable Mayor and City Council From the City Manager Memorandum of understanding with Water Emergency Transportation Authority for the feasibility and business plan phases of the Redwood City Ferry Facility Project and Service RECOMMENDATION By motion, approve and authorize the City Manager to execute a project Memorandum of Understanding with the Water Emergency Transportation Authority for the feasibility and business plan phases of the Redwood City Ferry Facility Project and Service. STRATEGIC PLAN GUIDING PRINCIPLES Transportation, Economic Vitality BACKGROUND In February of 2016, the Water Emergency Transportation Authority (WETA) updated their Strategic Plan, which identified a network of sixteen potential locations for expanded ferry service throughout the Bay Area, including Redwood City, to help provide alternative transportation for passengers and emergency responses. On June 5, 2018, Bay Area voters approved Regional Measure Three (RM3) to finance highway and transit projects and new bus and ferry services in congested bridge corridors. WETA is expected to receive up to $300 million for one-time capital construction projects and up to $35 million per year to operate an expanded ferry system, which can include Redwood City. The only eligible recipients of RM3 funds for transit operations and transit -related capital projects are transit agencies, which includes WETA. A Redwood City ferry project and operations could be funded in large part by RM3 funds through a partnership with WETA. A memorandum of understanding (MOU) between the City, which includes the Page 1 of 4 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore 15