Minutes 06/24/2008 - Laserfiche WebLink

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June 24.2008 . A Day Pass would give a pedestrian unlimited access to the system for an entire day. . A marketing study done last summer in preparation for the Loop indicated that the upper price point for the Day Pass fare would be $1.50. . HRT will not be able to offer a special Day Pass for the Portsmouth Loop Service but will allow Portsmouth to issue a $1.50 Day Pass which will be honored on the bus system. . In order for the City to sell these Day Passes, a new Budget Line Item must be established. For the FY09 budget year, a target of 10,000 Day Passes will be available representing an income of $15,000. Estimated expenses (to include significant marketing efforts) in FY09 total $10,000. All carry-over revenue will offset the operating costs of the shuttle once the grant funding expires. Financial Impact: . None. Operating costs of the shuttle system are fully covered for the next three years due a $2.1 million grant received from the State. Expenses covering the sale of the Day Passes and marketing efforts will be funded by the sale of the Day Passes. Staff Recommends: Adoption of the ordinance. Vision Principle: Bold New Directions. Next Steps Following Council Action: . The Chief Financial Officer will process a budget action appropriating $15,000 in the new Special Revenue Fund as part of the FY09 Budget. 1. Mark Geduldig-Yatrofsky, 363 Middle Street, spoke in support of this item, but would like the shuttle service schedule integrated into the schedules of the public transportation and ferry services. Motion by Ms. Psimas, and seconded by Mr. D. Smith, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE AMENDING THE FY 2008-2009 OPERATING BUDGET BY ESTABLISHING A NEW SPECIAL REVENUE FUND DESIGNATED AS THE "SHUTTLE BUS FUND" AND BY APPROPRIATING $15,000 IN SAID FUND." Ayes: Heretick, Moody, Psi mas, D. Smith, R. Smith, Randall Nays: None 08 - 297- Adoption of an ordinance to reprogram $1,100,019 within the FY 2007-2008 Capital Improvement Fund for various projects. Vision Principles: Bold New Directions and a Robust and Prospering Economy. Background: . On April 22, 2008, City Council was briefed by City Administration on previously appropriated but yet unspent CIP funding and recommendations from staff for reprogramming of said funds. . Unexpended funding remaining in the completed Crawford Roundabout and the Bart Street Traffic Signal projects can be reprogrammed. . Funding from two of the four neighborhood improvement projects, Simonsdale and Highland Biltmore, were recommended to be reprogrammed into the Ebony Heights and Brighton/South Portsmouth projects to provide for viable construction phases, with the remainder available for reprogramming. . At that time, staff recommended that funds be reprogrammed from Cradock. However, based on subsequent conversations among City Council members, Cradock funding remains in the project until further direction is received from City Council.