City of Alexandria, Virginia
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MEMORANDUM
DATE: APRIL 6, 2016
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: MARK B. JINKS, CITY MANAGER /s/
DOCKET TITLE:
TITLE
Consideration of Approval of a One Year Extension to the Existing Washington Metropolitan Area Transit Authority Capital Funding Agreement.
BODY
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ISSUE: Council Consideration of approval of a one-year extension to the existing Washington Metropolitan Area Transit Authority (WMATA)'s Capital Funding Agreement (CFA).
RECOMMENDATION: That City Council:
1. Approve a one-year extension to the existing WMATA's CFA as detailed in the First Amendment to the CFA shown in Attachment 1;
2. Authorize the City Manager to sign the First Amendment to the CFA to provide for a one-year extension to the existing CFA.
BACKGROUND: The CFA is the legal agreement between WMATA and Contributing Jurisdictions, which include the State of Maryland, the District of Columbia, Arlington, County, Fairfax County, the City of Fairfax, the City of Falls Church, and the City of Alexandria. It provides the funding commitment for WMATA's ongoing capital program. The CFA includes a commitment from the jurisdictions to match federal funds received by WMATA for capital projects and to annually review each jurisdiction's ability to provide additional capital funds, either as 'system performance' funds or through the issuance of long-term debt, for additional capital projects.
The current CFA, shown in Attachment 2, was executed in 2010 and covers a six-year period from FY 2011 through FY 2016. The CFA expires on June 30, 2016, and an extension, renewal, or replacement of that agreement is needed by that date in order to ensure the continued progress of Metro's capital program, including the ability to enter into multi-year contractual agreements.
DISCUSSION: The City and Contributing Jurisdictions h...
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