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Alameda CTC Agreement No.A16-0063 <br /> G. On November 4,2014,the voters of Alameda County,pursuant to the Act,approved <br /> Measure BB,thereby authorizing ALAMEDA CTC to administer the proceeds from the extension of the <br /> existing Measure B one-half of one percent transaction that is scheduled to terminate on March 31,2022,and <br /> the augmentation of the tax by one-half of one percent. <br /> H. The duration of the Measure BB sales tax will be 30 years from the initial year of collection, <br /> which begins April 1,2015,with said tax to terminate/expire on March 31,2045.The tax proceeds will be <br /> used to pay for the investments outlined in Alameda County's 30-Year Transportation Expenditure Plan <br /> ("Measure BB Expenditure Plan"),as it may be amended. <br /> I. This AGREEMENT delineates the requirements of the Measure B/Measure BB/VRF Direct <br /> Local Distribution ("DLD") funds that are directly allocated to local jurisdictions and transit operators,as <br /> authorized by the Measure B Expenditure Plan,the VRF Expenditure Plan,and the Measure BB Expenditure <br /> Plan.Discretionary funds identified in these expenditure plans are not the subject of this AGREEMENT,and <br /> RECIPIENT will be required to enter into a separate agreement for those funds. <br /> J. This AGREEMENT was originally approved by the governing body of the ALAMEDA CTC on <br /> February 25,2016. <br /> NOW,THEREFORE,it is mutually agreed by and between the parties as follows: <br /> ARTICLE I:FUNDING ALLOCATIONS <br /> 1. This AGREEMENT authorizes the ALAMEDA CTC to allocate the DLD funds derived from <br /> Measure B,Measure BB,and VRF receipts as described in their respective voter-approved expenditure plans <br /> and as summarized in Table A:DLD Investment Summary and described below for different fund types. <br /> Table A:DLD Investment Summary <br /> DLD Program Fund Program <br /> Bicycle and Pedestrian Program Measure B and Measure BB <br /> Local Streets and Roads Program Measure B,Measure BB,and VRF <br /> Mass Transit Program Measure B and Measure BB <br /> Paratransit Program Measure B and Measure BB <br /> 2. All DLD distributions pursuant to this AGREEMENT shall be effective as of July 1,2016. <br /> A. BICYCLE AND PEDESTRIAN PROGRAM <br /> 1. ALAMEDA CTC will distribute Measure B and Measure BB DLD funds pursuant to a <br /> formula weighted 100 percent by the jurisdiction's population within the subarea. RECIPIENT's allocations <br /> are subject to change based on variations in annual population figures. <br /> Page 2 of 16 <br />