Fiscal Note
Provision is made in this contract, as with contracts of all of Metro's service partners, for Verona to pay the net cost of service after grant and farebox revenues are applied. Contract provisions are such that Madison/Metro will pay no portion of the cost of service. As with all other service contracts, a proportionate share of the transit system's overhead is charged to the service - which is a benefit to the City of Madison/Metro Transit. No negative impact on budget or cost controls. Estimated net cost of service to Verona in the first year of service is $54,908.
Title
Authorizing the Mayor and City Clerk to execute a service agreement with the City of Verona for the provision of commuter bus service between West Transfer Point in Madison and bus stops in Verona, including the new Epic Systems campus, starting in September, 2005 for a period of two years, with option for renewal thereafter.
Body
Preamble
Metro has been working with the City of Verona for over three years to plan for a service start date to coincide with the move by Epic Systems to a new business campus in Verona in order to be able to continue to serve current patrons of Metro Transit and to begin to serve residents of the City of Verona commuting in-bound to the greater Madison area. Metro conducted a survey with the help of Epic to determine routing and scheduling interests of those employees, and then designed service acceptable to Verona and Epic reflecting that input. Service will begin the first day the new campus opens, expected to be on or after September 6th. TPC's adopted Strategic Plans for 2003, 2004, and 2005 have supported planning and implementation of this service. In April, TPC, BOE, and Common Council authorized Metro to apply for a Federal Reverse Commute Grant provided through WisDOT to offset 50% of the cost of service for the first two years. Recently Metro received approval for the grant, which will go into effect simultaneously with serv...
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