M-10 - Joint Entities Meeting Agenda and Packet - 1-22-24

Projected Cost* Year 1 Cost = $350,025 Year 2 Cost = $350,025 2,333 Contracted Demand Response Service 2,333 Contracted Demand Response Service Revenue Hours August 2024 – June 2025 Revenue Hours July 2025 – May 2026 Year 1 Funds Year 2 Funds $175,000 DOT Special Projects 50% $175,000 DOT Special Projects 50% $75,000 NCMM 21% $14,556 Passenger Revenue 4% $15,000 North Liberty 4% $160,469 Local Support 46% $10,000 Kirkwood 3% $350,025 Total Funds $14,556 Passenger Revenue 4% $60,469 Local Support 17% $350,025 Total Funds * Our projections drive from an average cost per hour to operate SEATS and an area nonprofit's demand response service. This amount is $75 per hour. We plan to use 2 vehicles.