File #: 19-1102   
Type: Resolution Status: Agenda Ready
In control: City Council
On agenda: 10/21/2019
Title: Approving and authorizing the City Manager to enter into the Annual Operations Funding Agreement with Valley Metro Rail, Inc., for the current light rail operations in the City of Mesa. The City of Mesa will pay $12,412,000 for operations and maintenance of the existing light rail line for FY 2019/20.  The City anticipates receiving $2,344,000 in light rail fares, advertising and preventive maintenance, as well as $1,280,000 in Arizona Lottery Funds, for a net impact to the City’s General Fund of $8,788,000. (Districts 3 and 4)
Attachments: 1. Council Report, 2. Resolution, 3. Agreement
Date Action ByActionResultAction DetailsMeeting Details
No records to display.

Title

Approving and authorizing the City Manager to enter into the Annual Operations Funding Agreement with Valley Metro Rail, Inc., for the current light rail operations in the City of Mesa. The City of Mesa will pay $12,412,000 for operations and maintenance of the existing light rail line for FY 2019/20.  The City anticipates receiving $2,344,000 in light rail fares, advertising and preventive maintenance, as well as $1,280,000 in Arizona Lottery Funds, for a net impact to the City’s General Fund of $8,788,000. (Districts 3 and 4)