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PACE PARATRANSIT LOCAL SHARE AGREEMENT <br /> Village of Elk Grove <br /> This agreement is made this 13tbday of December , 2005 by and between the Suburban Bus Division <br /> of the Regional Transportation Authority (RTA) operating under the name and hereinafter referred to as <br /> "Pace", an Illinois municipal corporation, and the Village of Elk Grove, an Illinois municipal corporation, <br /> hereinafter referred to as the "Village". <br /> The parties, in consideration of the mutual promises hereinafter set forth, hereby agree to the following: <br /> i. TERM -This agreement will be in effect beginning January 1, 2006 and ending December 31, 2006. <br /> 2. SERVICE DESCRIPTION - The Village will participate in the financial support of the transportation <br /> service described in the attached Exhibit A. Exhibit A is hereby incorporated and made a part of this <br /> Agreement. <br /> 3. REPORTING - Pace will provide to the Village on a monthly basis, a report with the following: <br /> A. Number of one-way trips. <br /> B. Total Vehicle service hours (provided for Dial-A-Ride service as outlined in Exhibit A of this <br /> Agreement). <br /> C. A billing for Local Share, determined as outlined in Section 4 of this Agreement. <br /> 4. LOCAL SHARE FUNDING-Pace shall participate in the cost of funding only service provided Monday <br /> through Friday. The Village agrees to reimburse Pace monthly for the Local Share incurred in <br /> operating the weekday service described in Exhibit A and for 100% of the cost of providing the <br /> Saturday service which is described in Exhibit A. The Village costs will be calculated in the following <br /> manner: <br /> A. Service Not Funded by Pace-The Local Share shall be calculated by multiplying the number of <br /> vehicle service hours provided by the contractor's hourly rate, minus fare revenue for such service. <br /> B. Service Funded by Pace- <br /> 1. The Total Expense of the project will be calculated by multiplying the actual number of vehicle <br /> service hours delivered per this Agreement by the hourly rate charged to Pace by the <br /> Contractor. Operating Deficit will be defined as Total Expense less fare revenue. <br /> 2. The Pace Contribution will be the lesser of 1)75%of the actual Operating Deficit attributed to a <br /> maximum of 7,073 vehicle hours of service, 2) $2.25 multiplied by the number of one-way <br /> passenger trips, or 3)$84,568. <br /> The Pace Contribution shall be calculated monthly on a year-to-date basis to adjust for actual <br /> vehicle hours of service and ensure that the annual Pace Contribution is not depleted in <br /> advance before the end of the term of this agreement. <br /> The Local Share is the Total Expense, as described in Section 4.13.1., minus fares, minus the <br /> Pace Contribution. <br /> 3. The Village shall pay Pace within thirty(30)days of receiving the monthly bill for service costs <br /> for both Pace-funded services and non Pace-funded services. <br /> 4. In addition to the Local Share described above,the Municipality agrees to subsidize/reimburse <br /> Pace for fare revenue associated with semi-scheduled service outlined in the Exhibit A service <br /> description. The Pace minimum fare of $0.80 times the number of trips for semi-scheduled <br /> service will be billed monthly with the Local Share. <br /> 5. AMENDMENT - This Agreement constitutes the entire Agreement between the parties hereto. Any <br /> proposed changes in this Agreement shn;i be submitted to Pace for its prior approval. Except for minor <br /> 2006 LSA - Page 1 Villag-of Elk Grove <br />