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HomeMy WebLinkAboutCORRESPONDENCE - PURCHASE ORDER - 9152106City of F6rt Collins August 13, 2014 Mr. Dave Klockeman Interim Director of Public Works The City of Loveland 500 East 3 d Street Loveland, CO 80537 Transfort I Dial -A -Ride 6570 Portner Road Fort Collins, CO 80525-4194 Transfort - 970.221.6620 Dial -A -Ride - 970.224.6066 Fax - 970.221.6285 fcgov.comRransfort zr-cv -Sty W ��sorJ J ��n�orZ• . � (, 0 3 2 S" ��'• 2�o���t . S21o�c� �2�to2o�4 tt FAY 2©fit{ '�r�t� 530� .Sw/AP Pr S�Ia6 V, d-& C — tax t cJ S Cital \\I t RE: FFY 2014 SECTION'S 5307 & 5339 FUNDING EXCHANGE Dear Mr. Klockeman: The City of Fort Collins, as designated recipient of FFY 2014 FTA Section 5307 and FTA Section 5339 formula funding, proposes the following exchange considerations for both FFY2014 FTA Section 5307 and FFY2014 FTA Section 5339 grants; • That the City of Loveland will cede all rights as sub -recipient to FFY2014 FTA Section 5307 funding in the amount of $565,886 in exchange for local funds from the City of Fort Collins in the amount of $350,849. • That the City of Loveland will cede all rights as sub -recipient to FFY2014 FTA Section 5339 funding in the amount of $70,045 in exchange for local funds from the City of Fort Collins in the amount of $43,428. • The City of Fort Collins, as designated recipient for both sources of funding, will designate the City of Loveland's former allocations of FTA Section 5307 and FTA Section 5339 funding for alternate transit -related projects within the TMA. • For every year that an exchange of funds is in effect, the City of Loveland will no longer be considered a sub -recipient of the TMA's FTA Section 5307 and FTA Section 5339 annual grants. • The City of Loveland must continue to report data pertaining to COLT's fixed route and paratransit services on a regular basis to the National Transit Database (NTD). • The current exchange rate of 62% is dependent upon existing or added levels of transit service. The City of Fort Collins, as designated recipient for both FTA Section 5307 and FTA Section 5339 formula funds, is pleased to enter into an exchange of funds with the City of Loveland and sees the following benefits for the City of Loveland as a result of the proposed exchange; FCityof ort Collins Transfort 1 Dial -A -Ride 6570 Ponner Road Fort Collins, CC 80525-4194 Transfort - 970.221.6620 Dial -A -Ride - 970 224,6066 Fax - 970.221.6285 fcgov corrOransfort • The elimination of grant management responsibilities • The elimination of federal procurement guidelines for transit -related expenditures • Ensuring for more resources to be directed towards the FLEX regional fixed route Request for Concurrence If the City of Loveland is agreeable to the above stated proposal, the City of Fort Collins requests the written concurrence from the City of Loveland by either signing and dating the signature block at the end of this letter, or by separate letter frorn the City of Loveland to the City of Fort Collins. Please feel free to contact me with any questions or concerns. Since Kurt Ravenschlag, Trans General Manager CC: Darin A. Attebeny, City Manager, City of Fort Collins Terri Blackmore, Executive Director, North Front Range MPO William D. Cahill, City Manager, City of Loveland Michael J. Hart, Town Administrator, Town of Berthoud Concurrence (� ) Title: f'iGT i o A tit & t IG lid( 5 ld IiC 641 Date: �1 ' [r - 1 `i