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also allows for two two-year extensions. <br />In cooperation with SRA, staff has prepared an Extension of Agreement for Management and <br />Operations of Indian River Public Transportation Services (see Attachment #2). The proposed <br />extension is effective through June 30, 2025. Following this extension, the existing agreement <br />allows for one additional extension until 2027. <br />SRA operates the public transportation from a county -owned facility at 4385 43rd Avenue. That <br />facility was constructed in 2012 with grant funding from the Federal Transit Administration (FTA). <br />SRA uses the 43rd Avenue facility under a lease that was approved by the Board of County <br />Commissioners effective June 1, 2012, for an initial 5 -year term at $1.00 per year. Since 2012, the <br />lease has been extended three times and now expires on June 30, 2023. Staff has prepared a new <br />lease extension (see Attachment #3), which will extend the lease through June 30, 2025 to run <br />concurrently with the proposed extension of the transit service agreement. <br />FUNDING <br />This is a continuation of a series of agreements to provide mass transit service in Indian River <br />County. It does not commit the County to any specified level of financial support, which is <br />approved by the Board of County Commissioners through its annual budget process. <br />RECOMMENDATION <br />Staff recommends the Board approve the extensions of the Transit Service Agreement and the <br />Transit Administration Facility Lease with Senior Resource Association. <br />ATTACHMENTS <br />1. Agreement for Management and Operation of Public Transportation Services (2018 <br />Agreement) <br />2. First Extension of Agreement for Management and Operations of Indian River Public <br />Transportation Services <br />3. Fourth Extension to Lease Agreement <br />C:\G ran i cus\Legista r5\LS\Tem p\d 582 c746-41 b b -4a 3a-9df2-f0380292 3ef6.d ocx 2 <br />129 <br />