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- Letter of Agreement between: the Association of Oregon Counties (AOC), the League of <br /> <br /> .I Oregon Cities (LOC), and the Oregon Department of Transportation(ODOT). <br /> This letter summarized our understanding regarding the status. of transportation funding <br /> agreements between AOC, LOC and ODOT: <br /> i <br /> 1. The parties agreed to the distribution of the local share of the FY 2000 STP using the <br /> existing formula (proportionate increase) as provided in Misc. C&A 17130 Amendment No. <br /> 1 and Misc. C&A No. 17141 Amendment No. 1; <br /> 2. ODOT has informed AOC and LOC that it is not in a fiscal position to make funds available <br /> ~I to individual cities and counties through the fund exchange program or to provide a state <br /> j contribution to the match on Surface Transportation Program (STP) or Highway Bridge <br /> Rehabilitation and Replacement Program (HBRR) projects. Accordingly, the ODOT will <br /> terminate the fund exchange and local match programs on October 1, 2000, and for the <br /> remaining years of the TEA-21 authorization; <br /> l <br /> 3. ODOT agrees to provide AOC and LOC the financial information that documents this fiscal <br /> position and recognizes that it is important that AOC and LOC be able to share this <br /> information with their members. AOC and LOC agree to use this information in determining <br /> their response to these issues. <br /> I'~ 4. The parties agree to nego#iate one funding .agreement (or agreements, if necessary) to run <br /> for the remainder of TEA-21. The parties wilt have the agreement(s) approved by - <br /> I' September 30, 2000. The agreement(s) will include the STP, the Transportation <br /> Enhancement Program, and HBRR. - <br /> The .parties agree to work cooperatively to .address the .resolution of the STP fund allocation for <br /> the remaining years of the TEA-21 authorization. <br /> ~l <br /> r _ <br /> G ce Crunican ~t? Bob Cantine Dick Townsend <br /> Director Executive Director Executive Director <br /> Oregon Dept. of Transportation Association of Oregon Counties League of Oregon Cities <br /> ~ <br /> <br />