County reviews new First Transit/Transdev payment terms; staff say exposure is limited
Staff explained a shift from passing federal funds through to fronting monthly payments to First Transit/Transdev (about 0.083 of annual estimate per month) with reimbursement later; staff said federal reimbursements generally arrive quarterly and the county could terminate if funding stops.
The full story
Staff presented a proposed change in practice for the county's transit contract with Transdev/First Transit: rather than acting as a passthrough for federal funds, the county would front monthly payments to the provider and then seek reimbursement.
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