20-3173 MetroPlan Orlando FY 2020-2021 Funding Agreement

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City of Casselberry/MetroPlan Orlando FY 2020-2021 Funding Agreement WHEREAS, the CITY desires to enter into this Agreement with MetroPlan Orlando to provide it with funding to support the functions necessary to achieve MetroPlan Orlando's role in planning and funding the Orlando Kissimmee Urban Area Transportation System. NOW, THEREFORE, for and in consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration, receipt and sufficiency of which are hereby acknowledged, the CITY and MetroPlan Orlando agree as follows: SECTION 1. RECITALS. The CITY and MetroPlan Orlando hereby declare that the recitals set forth above are true and correct and incorporated in this Agreement. SECTION 2. REPORTING REQUIREMENTS. MetroPlan Orlando shall provide the CITY, on a quarterly basis commencing October 1, 2020, a written operational report which will include an accounting of all Unified Planning Work Program Tasks for the quarter. The report must identify each program task, the costs allocated to the task, and the percentage of the task completed. Each quarterly report must be cumulative. SECTION 3. FISCALYEAR 2020-2021 CITY FUNDING REQUIREMENTS. The CITY shall allocate TWO THOUSAND ONE HUNDRED SEVENTEEN DOLLARS ($2,117.00) to MetroPlan Orlando from the CITY's Fiscal Year 2020-2021 budget, to be utilized by MetroPlan Orlando during its fiscal year ending June 30, 2021, in accordance with this Funding Agreement. These funds will be paid to MetroPlan Orlando on a semi-annual basis. The first payment of ONE THOUSAND FIFTY-EIGHT AND 50/100 DOLLARS ($1,058.50) will be due and payable on October 1, 2020. The second payment of ONE THOUSAND FIFTY- EIGHT AND 50/100 DOLLARS ($1,058.50) must be paid on or before April 1, 2021. The funding provided to MetroPlan Orlando bythe CITY is contingent upon funding by all local governments who are represented on the MetroPlan Orlando Board, such funding being equal to FIFTY CENTS ($.50) per capita based, at time Of budget adoption, On the iu't�c'�t a'V'aiiabie c`��tI i iate� of population within i each IvCai gvVer i ii i ient's jurisdiction as provided by the Bureau of Economic and Business Research, University of Florida. SECTION 4. EFFECTIVE DATE, TERM. The effective date of this Agreement will be the date of signature by the last party to sign this Agreement. The term of this Agreement commences on the effective date and terminates on September 30, 2021. SECTION 5. INTERPRETATION. The headings contained in this Agreement are for reference purposes only and do not affect in any way the meaning or interpretation of this Agreement. SECTION 6. NEGOTIATIONS. The parties to this Agreement acknowledge that all terms of this Agreement were negotiated at arm's length and that this Agreement and all documents executed in connection with this Agreement were prepared and executed without undue influence exerted by any party or upon any party. Further, this Agreement was drafted jointly by all parties, and no parties are entitled to the benefit of any rules of construction with respect to the interpretation of any terms, conditions, or provisions of this Agreement in favor of or against any person or party who drafted this Agreement. Page 2 of 5