AN ORDINANCE regarding a transit service funding agreement with the city of Seattle, approving the agreement and requiring a report to the council.
STATEMENT OF FACTS:
1. Strategy 6.3.1 of the King County Metro Transit Strategic Plan for Public Transportation 2011-2021, adopted on August 30, 2013, identifies partnerships with local jurisdictions and businesses as a potential revenue source to support transit service.
2. On November 4, 2014, voters in the city of Seattle passed Proposition 1, which will raise revenue through annual vehicle license fees and sales and use tax revenues to stabilize and support transit service in the city of Seattle.
3. In accordance with the objective of the strategic plan to secure sustainable funding for short-term transportation needs, Metro and the city of Seattle are prepared to enter into a fully revenue-backed service agreement to provide city financial support that would support transit service in the city of Seattle beginning with the June 2015 service change.
4. The agreement is the first of its kind between the county and a city, as it makes an investment of over two hundred twenty thousand service hours and affecting over fifty routes serving the city of Seattle. It expected that this agreement may serve as a template for contracts with other cities that desire to fund substantial transit service within their corporate boundaries. This agreement is entered into based on estimated service to be provided by Metro and costs to be paid by the city of Seattle, with actual reconciliation to be undertaken after the service is provided. Reporting on the actual service provided under this agreement will inform the efficacy of this agreement form for the potential future extensions of this agreement or for agreement with other cities.
5. The King County Metro service guidelines establish, as the highest priorities for new transit service investments, bus routes with crowding ...Click here for full text