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Cooperative Endeavor Agreement with GNO Inc for Shelter Improvement Funding
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DESCRIPTION: Requesting Board authorization to approve a Cooperative Endeavor Agreement between the GNO Inc. and Regional Transit Authority for downtown shelter improvement funding |
AGENDA NO: Click or tap here to enter text. |
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ACTION REQUEST: ☒ Approval ☐ Review Comment ☐ Information Only ☐ Other |
RECOMMENDATION:
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Authorize the Chief Executive Officer to execute a Cooperative Endeavor Agreement with GNO Inc. for downtown shelter improvements funding.
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ISSUE/BACKGROUND:
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The RTA is working to improve bus and streetcar shelters in the downtown area that have been damaged and degraded through age, vandalism and graffiti. Work on some shelters is being done by RTA’s transit shelter advertising vendor as discussed and approved by the Board in November (Agenda Item 24-099). Additional repairs and improvements to Riverfront streetcar shelters. That work is being done as part of the restoration of the Riverfront Streetcar that was impacted by the Canal St Ferry Terminal Project and will be completed as a final closeout item by that contractor. The total cost for these improvements is $313,255. Much of the repair and maintenance work on the advertising shelters will be offset by upcoming revenues.
This work is a part of the overall portfolio improvements to the downtown area that the Super Bowl Host Committee would like to see accomplished before the event in early February 2025. In order to advance these projects, funds have been made available by the State through GNO Inc, the region’s economic development non-profit. GNO Inc. has secured $125,000 to support RTA shelter repair and improvements. In order to transfer funds, a Cooperative Endeavor Agreement (CEA) has been prepared for review and adoption.
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DISCUSSION:
The terms of the CEA have been reviewed and agreed upon by both the RTA’s Chief Legal Officer and GNO Inc. The principal components of the agreement is the transfer of $125,000 to RTA for the purpose of completing transit shelter repairs and improvements in the downtown area prior to Super Bowl LIV. Other components include:
• The RTA’s reporting obligations to GNO Inc and the RTA’s representations and warranties.
• GNO Inc.’s obligations to the RTA during the course of the project.
• The requirements and parameters associated with the GNO Inc funding and the mechanisms by which the RTA will obtain reimbursement from the GNO Inc funding
• Standard termination, indemnification, and insurance provisions
• Other standard CEA provisions such as Force Majeure and non-discrimination clauses
The CEA is a mechanism for these shelter repairs and improvements to receive critical capital funds that will offset RTA costs to execute.
FINANCIAL IMPACT:
RTA will receive $125,000 per the terms of the CEA. Combined with ad revenues as part of RTA’s contract with Vector Media, Staff anticipates the full costs of $313,255 for these repairs to be offset.
NEXT STEPS:
Upon Board approval, staff will execute the CEA with GNO Inc.
ATTACHMENTS:
1. Resolution
2. CEA with GNO Inc.
3. Attachment A to the CEA - Project Scope of Work and Budget
Prepared By: Dwight Norton
Title: Chief Planning and Capital Projects Officer
Reviewed By: Tracy Tyler
Title: Chief Legal Officer
Reviewed By: Gizelle Banks
Title: Chief Financial Officer
12/30/2024
Lona E. Hankins Date
Chief Executive Officer