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Cooperative Endeavor Agreement Between the Louisiana Department of Treasury and the Regional Transit Authority for reimbursement of 2024 drydock costs for the Thomas Jefferson ferry
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DESCRIPTION: Requesting Board authorization to approve a Cooperative Endeavor Agreement between the Louisiana Department of Treasury and the Regional Transit Authority to receive State reimbursement funding for a previously completed U.S. Coast Guard-mandated 5-year drydock inspection of the Thomas Jefferson ferry. |
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 (CEA) between the Regional Transit Authority and the Louisiana Department of the Treasury to receive $150,000 in State funds as reimbursement for the completed drydock inspection and overhaul of the Thomas Jefferson ferry.
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ISSUE/BACKGROUND:
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In 2024, the Regional Transit Authority (RTA) completed the federally required 5-year drydock inspection of the Thomas Jefferson ferry, in accordance with 46 CFR. The drydock work included critical inspections and maintenance of the vessel’s underwater hull, generators, steering mechanisms, navigation systems, and associated electrical components.
During the 2024 Regular Legislative Session, the State of Louisiana allocated $150,000 in reimbursement funding via Act 4 to offset the cost of this completed drydock. The Cooperative Endeavor Agreement (CEA) formalizes the process for receiving these funds through the Louisiana Department of the Treasury.
The Thomas Jefferson serves the Chalmette-Lower Algiers ferry route and is essential to providing legislatively mandated ferry service to residents.
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DISCUSSION:
The CEA outlines reimbursement procedures for eligible expenses incurred during the 2024 drydock. Key terms include:
• Reimbursement of up to $150,000 for completed drydock work
• Quarterly submission of supporting cost and performance documentation
• Compliance with applicable audit, reporting, and contracting provisions
• Deadline of June 30, 2025, for all reimbursement activities and documentation
FINANCIAL IMPACT:
This action will result in reimbursement of up to $150,000 in previously incurred drydock expenses.
NEXT STEPS:
Upon Board approval, RTA staff will finalize and execute the Cooperative Endeavor Agreement with the Department of the Treasury and submit all required cost documentation to initiate the reimbursement process.
ATTACHMENTS:
1. Resolution
2. Draft CEA
Prepared By: Anitra Honore’
Title: Senior Administrative Analyst
Reviewed By: Brian Marshal
Title: Chief Transit Officer
Reviewed By: Tracy Tyler
Title: Chief Legal Officer
Reviewed By: Gizelle Banks
Title: Chief Financial Officer
6/18/2025
Lona Edwards Hankins Date
Chief Executive Officer