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Amendment 10 to the CEA between DOTD and RTA to revise Exhibit K
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DESCRIPTION: Execute an amendment to the CEA between DOTD and RTA.
AGENDA NO: Click or tap here to enter text.
ACTION REQUEST:
? Approval ? Review Comment ? Information Only ? Other
RECOMMENDATION:
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Authorize the Chief Executive Officer to execute an amendment to the Cooperative Endeavour Agreement (CEA) between the Department of Transportation and Development (DOTD) of the State of Louisiana and the Regional Transit Authority (RTA), specifically Exhibit K, as provided in the attached draft of Amendment No. 10.
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ISSUE/BACKGROUND:
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RTA's management present for the Committee's consideration and referral to the Board of Commissioners approval and issuance of a resolution authoring the RTA's Chief Executive Officer to execute an amendment to an existing (CEA) between the RTA and the DTOD to add a new Purchase Order number to the CEA for future annual subsidies.
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DISCUSSION:
The CEA, effective on February 16, 2014, regulates the cooperative endeavor agreement between RTA and DOTD related to the ferry service. Amongst the CEA's exhibits is Exhibit K (Purchase Order (PO) 2000071309), the State Annual Subsidy Schedule, which contains the statement of annual ferry subsidy, including the schedule of transfer of estimated funds. While several sources of State provided funding have subsidized the ferry service, the main source of State funding to subsidize the ferry service is pursuant to RS 48:25.1(A), known as the Transportation Trust Fund, and RS 48:25.2, known as the New Orleans Ferry Fund.
In the case of the Transportation Trust Fund, RS 48:25.1(A) provides that "[t]he [DOTD][ ] shall...contribute from its operating budget not more than four million dollars annually for the continued operation of the Chalmette ferry..." On the other hand, for the New Orleans Ferry Fund, RS 48:25.2 requires that,
A. ...beginning July 1, 2019, and each year thereafter, a...
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