Res 2024-158 approving a Subrecipient Funding Agreement with Texas State University under which the city will pass through fiscal year 2021 section 5307 Federal Transit Administration (FTA) funds to Texas State in the amount of $2,569,118.00

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SUBAWARD NO.001 to the following: (a) Equipment records, FAIN TX-2024-053-00 that include: a description of the equipment; a serial number or other identification number; the source of equipment; who holds title; the acquisition date and cost of the equipment; percentage of Federal participation in the cost of the equipment;the location, use and condition of the equipment; maintenance history for each vehicle; and ultimate disposition data including the date of disposal and sale price. (b) Conducting a physical inventory of the equipment at least once every two (2) years and reconciling the inventory with equipment records described in the preceding paragraph. (c) Developing a control system to ensure adequate safeguards to prevent loss, damage, or theft of the equipment. Any loss, damage, or theft shall be investigated. (d) Developing and following procedures to keep the equipment maintained and in good condition.At a minimum, Sub-Recipient shall follow the vehicle maintenance schedule recommended by the manufacturer, showing the date the maintenance was performed. Maintenance records shall be provided to City upon request. (e) Requesting disposition instructions from City, and if authorized to sell the equipment, using proper sales procedures to ensure the highest possible return. 7.4 Sub-Recipient shall comply with all applicable law including but not limited to FTA Circular 5010.113, Award Management Requirements and Title 43, Texas Administrative Code §31.53 and§31.55,to protect the public investment in real property and equipment purchased P in whole or in part with Federal or State Funds. i �I 7.5 In the event project equipment is not used in the proper manner or is withdrawn From public transportation services, Sub-Recipient shall immediately notify City. Both Parties shall work together to reassign or dispose of said equipment. 7.6 All vehicles purchased under this Agreement shall comply with the Motor Vehicle Safety Standards established by the US Department of Transportation and State law. 7.7 Irrespective of coverage by insurance, unless otherwise approved in writing by City,in the event of loss or damage to project property,whether by casualty or fire,the fair market value will be the value of the property immediately before the casualty or fire. 7.8 Sub-Recipient shall notify City, in writing, immediately of theft, wreck, vandalism or other destruction of project-related facilities or equipment, which written notice shall conform with those standards specified on NTD S&S 40 and 50. 7.9 All titled assets shall list and record Sub-Recipient as the titled holder of said assents.To the extent said assets were purchased with or by the use ofTDCs,the Parties understand Page 11 of 30