Interlocal Agreement for Public Transit MSTU

This contract is an interlocal agreement between the City of Port St. Lucie and St. Lucie County for public transit services. The agreement establishes a Municipal Services Taxing Unit (MSTU) for public transit and non-motorized transportation, with the County responsible for collecting taxes and allocating funds to the City. The agreement outlines the terms and conditions for the provision of public transit services, including the allocation of funds, independent audits, and termination procedures. Key aspects of the contract include: • The establishment of a separate budget for public transit services within the MSTU • The allocation of taxes levied within the MSTU to fund public transit services • The provision of annual reports by the County to the City on transit services provided • The requirement for an annual independent audit of revenue receipts and expenditures • The termination procedures, including mutual written agreement or failure to consent by ordinance.