TO: Finance Committee
FROM: Todd Lenzie, Interim Corporation Counsel
SUBJECT:
title
Resolution Approving a Cost Sharing Service Agreement with PACE and CenterPoint for bus service on PACE Route 511
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BACKGROUND:
Since 2011, PACE has provided bus service from downtown Joliet to the CenterPoint industrial facilities. Bus service on this route has grown from 1 to 2 outbound/ inbound buses. Attached is the cost sharing agreement which includes route diagram and a schedule with the bus stops in Exhibit B. The total amount of funds PACE needs to continue service on this route for the year 2026 is $51,936.31 annually. These costs are to be shared equally between CenterPoint and the City. Staff believes that keeping this route in service is important for continuing economic development for the industrial companies in Joliet. A breakdown of the bus route costs, and cost sharing is included in the agreement as Exhibit A.
Funds are available in the CED Administration budget (Org: 02001000, Object:548400, (Subsidy Operating) in the amount of $25,968.15.
RECOMMENDATION:
recommendation
The Administration recommends the Mayor and City Council approve the cost sharing agreement for Pace Bus Route 511 for the year 2026 contingent upon CenterPoint' s matching contribution for this service.
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