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To incentivize private sector participation in the project, the SRA has agreed to place advertising for the participating business on the beachside circulator bus. In subsequent years, it is expected that the local match will continue to be provided by the private sector. FDOT has confirmed that, should no business be willing to pay the local match, the County will be under no obligation to continue operating the service. The cost!to operate the beachside circulator is approximately $160,000 per year. Of this amount, the required local contribution is $40,000. For FY 2015/16, $204,900 is being awarded to the County. This amount is sufficient to fund over 20 months of service. If the proposed beachside circulator is successful, FDOT has indicated that it will remain eligible in future years for funding through the Commuter Assistance program. 'In order, to receive the funds for FY 2015/16, the BCC must enter into a Supplemental Joint Participation Agreement (SJPA) with FDOT, a copy of which is attached to this staff report (Attachment #2). ANALYSIS The attached resolution (Attachment #1) authorizes the Chairman to execute the SJPA for Commuter Assistance Grant funds. Upon the Board's adoption of the resolution and the Chairman's execution of the SJPA, MPO staff will transmit the SJPA to FDOT. With respect to the Commuter Assistance Grant program, the county receives the grant funds and transfers those funds to the county's Community Transportation Coordinator and transit provider, the Senior Resource Association (SRA). The SRA, in turn, provides the service as directed by the county and as identified in the SJPA. In this case, the funds will be used to operate the beachside circulator. FUNDING The local match for the second year of beachside circulator service ($40,000) is being provided by a local business, the Vero Beach Hotel and Spa. During future years, it is expected that the hotel or another business will provide the local match. FDOT has confirmed that, should no business be willing to pay the local match, the County will be under no obligation to continue operating the service. Therefore, no county funding is required. RECOMMENDATION Staff recommends that the Board of County Commissioners approve the attached Supplemental Public Transportation Joint Participation Agreement, adopt the attached resolution authorizing the Chairman to sign the agreement, and approve the agreement with the Vero Beach Hotel and Spa for contribution of the local match. F\Community Development\USers\MPO\Transit\Grants\Commuter\Beachside Circulator\2016%cc staff report.docx 2 107