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a. City will relinquish its annual Metropolitan Transportation Commission— <br /> Transportation Development Act 4.5 fund allocation. LAVTA will need to request <br /> said funds to be directly allocated to LAVTA. For Fiscal Year 2022/23 City will <br /> relinquish 50% of its allocation, reflecting a January 1, 2023 effective date. <br /> b. City will complete an annual fund transfer, during the month of June, of its <br /> Alameda County Transportation Commission—Measure BB funds. <br /> c. City Measure BB fund allocations to be transferred with the following <br /> percentages: <br /> i. Fiscal Year 2022/23 (half year allocation, January 1 to June 30)—25% <br /> ii. Fiscal Year 2023/24—30% <br /> iii. Fiscal Year 2024/25 —35% <br /> 2. Requirements. LAVTA must transport all Pleasanton residents that qualify for <br /> transportation services under the Americans with Disability Act. Said transportation services <br /> must start January 1,2023 and continue through June 30, 2025. To secure these funds LAVTA <br /> must: <br /> a. Apply to the Metropolitan Transportation Commission to acquire the City of <br /> Pleasanton relinquished allocation of MTC TDA 4.5 funds. <br /> b. Invoice the City for the LAVTA portion of Measure BB funds. Invoices must be <br /> submitted by May 30 of each year, up to and including May 30, 2025. Invoice <br /> amount must equal the amount described in Section 1.c. City will pay invoice <br /> within 30 days or receipt of invoice. LAVTA shall send invoice to: <br /> City of Pleasanton <br /> 123 Main Street <br /> Pleasanton, CA 94566 <br /> Attn: Finance Department <br /> 3. Term. The term of this MOU begins on the date of the last signature below and ends <br /> June 30, 2025. <br /> 4. Amendment. This MOU may only be amended in writing and signed by both <br /> Parties. <br /> 5. Notice. Any notice required to be given by this MOU will be sufficient if hand <br /> delivered mailed or sent prepaid by commercial overnight delivery services as follows or to such <br /> other addresses as the affected Parties will specify in writing. <br /> To City: To District: <br /> City of Pleasanton Livermore-Amador Valley Transit Authority <br /> 123 Main Street 1362 Rutan Court, Suite 100 <br /> Pleasanton, CA 94566 Livermore, CA 94551 <br /> 2 <br />