Agmt20 San Francisco Bay Area Water Emergency Transportation Authority RWC Ferry Project MOU Port-City-WETA

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Redwood City Ferry Facility and Service Project PROJECT MEMORANDUM OF UNDERSTANDING REDWOOD CITY/PORT OF REDWOOD CITY FERRY FACILITY PROJECT AND SERVICE: FEASIBILITY AND BUSINESS PLAN PHASES March 5, 2020 Term, Parties 1. General This Memorandum of Understanding ("MOU") establishes the framework for the feasibility analysis of a proposed ferry terminal in Redwood City (the "Project", as further described in paragraph 5 below). The Project is anticipated to be carried out in the following six consecutive phases: (1) Feasibility, (2) Business Plan, (3) Planning, (4) Design, (5) Construction, and (6) Operation. This MOU covers the Phase 1 Feasibility and Phase 2 Business Plan phases. The City has secured the necessary funding needed for the Phase 1 Feasibility work but has not secured funding for the subsequent Phase 2 Business Plan work. The Parties will commence the Phase 2 Business Plan work, if Redwood City and WETA determine during Phase 1 Feasibility that ferry service is feasible and financially viable, and funding is secured for the Phase 2 Business Plan. The Parties anticipate executing either amendments to this MOU, or separate agreements to govern the precise terms of subsequent Planning, Design, Construction, or Operation Phases, each of which shall be subject to the approvals of the City Council, the Port Commission and the WETA Board. 2. Term The term ("Term") of this MOU shall commence on , 2020 ("Effective Date") and shall remain in effect until the date which is six (6) months following completion of the Phase 1 Feasibility and Phase 2 Business Plan work, or such later date as the Parties may mutually agree. The terms of this MOU, including scope and timeframes, can be modified by amendment at any time upon approval by the City Council, Port Commission, and WETA Board. 3. Parties This MOU is entered into among the San Francisco Bay Area Water Emergency Transportation Authority ("WETA") the City of Redwood City ("City") and the Port of Redwood City ("Port"). WETA was established in 2008 as the successor agency to the Water Transit Authority with a mission to consolidate and operate certain existing publicly operated ferry services on the San Francisco Bay, expand new routes, and coordinate ferry services in the event of an emergency. City is a charter city and municipal corporation located within San Mateo County. The Port is an enterprise department of the City with ownership and control of certain waterfront property within the City. REV: 02-05-20 VR 01 IA