Title:
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Approve and authorize the Chairman to execute the Fiscal Year 2024/25 Service Funding Agreement in the amount of $14,017,237 by and between Seminole County, Florida, and Central Florida Regional Transportation Authority (LYNX). Countywide (Timothy Jecks, Management & Budget Director).
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Division:
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Management and Budget
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Authorized By:
Timothy Jecks, Management & Budget Director
Contact/Phone Number:
Timothy Jecks/407-665-7181
Background:
Attached is the proposed Fiscal Year 2024/25 Service Funding Agreement between Seminole County and the Central Florida Regional Transportation Authority (LYNX). This Agreement addresses twelve (12) fixed bus routes, two (2) NeighborLink services, and paratransit services for residents and businesses throughout the County. The requested funding amount is $13,474,326 for annual operating and capital costs plus an additional $542,911 for SunRail feeder service in the area for a total of $14,017,237. The total cost in this agreement is consistent with the approved Regional Funding Model used to allocate system costs between Orange, Osceola, and Seminole Counties.
The service funding amount of $14,017,237 is allocated in the FY 2024/25 budget.
Requested Action:
Staff requests the Board approve and authorize the Chairman to execute the Fiscal Year 2024/25 Service Funding Agreement in the amount of $14,017,237 by and between Seminole County, Florida, and Central Florida Regional Transportation Authority (LYNX).