Title:
|
Approving and authorizing the City Manager to enter into a funding agreement with Valley Metro Rail, Inc., for the current light rail operations in the City of Mesa. The City of Mesa will pay $7,172,000 for operations and maintenance of the existing light rail line for FY 2017/18. The City anticipates receiving $2,233,000 in light rail fares, advertising and preventive maintenance, as well as $1,291,000 in Arizona Lottery Funds, for a net impact to the City’s General Fund of $3,648,000. (Districts 3 and 4)
|