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TO: |
Board of Trustees |
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THROUGH: |
Mary DeLoretto, Interim Executive Director |
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FROM: |
William Greene, Chief Financial Officer |
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PRESENTER(S): |
Monica Morton, Fares Director |
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TITLE:
title
Sponsored Fare Agreement: Lagoon/Station Park Shuttle Bus Service - Amendment 2 (Farmington City Corporation)
end
AGENDA ITEM TYPE:
Service or Fare Approval
RECOMMENDATION:
Approve Amendment 3 to the Bus Service Agreement with Farmington City Corporation in the amount of $76,350.
BACKGROUND:
Utah Transit Authority has a longstanding relationship with the city of Farmington. In 2019, Farmington City Corporation (“the City”) entered into an agreement with UTA that included three (3) one-year options to renew the contract. The city chose to renew their agreement with UTA in 2020 and 2021. This agreement allows the City to partner with UTA to fund a portion of the operating cost of the service for the “Lagoon/Station Park Shuttle” (Route 667). Per the terms of the agreement, the City agrees to pay 25 percent of the operating costs. In 2021, the City paid UTA $74,090. For 2022, the City’s share will be increased to $76,350.00.
DISCUSSION:
This action will allow UTA to continue to serve the riders of the route 667 free of cost and to attract new riders. This service is a valuable economic development tool for the City and its local partners.
CONTRACT SUMMARY:
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Contractor Name: |
Farmington City Corporation |
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Contract Number: |
18-2898AB-A3 |
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Base Contract Effective Dates: |
January 1, 2019 - December 31, 2019 |
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Extended Contract Dates: |
Amend #1: January 1, 2020 - December 31, 2020 Amend #2: January 1, 2021 - December 31, 2021 Amend #3: January 1, 2022 - December 31, 2022 |
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Existing Contract Value: |
$217,350 |
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Amendment Amount: |
$76,350 |
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New/Total Amount Contract Value: |
$293,700 |
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Procurement Method: |
Non-procurement fare agreement |
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Funding Sources: |
Farmington City |
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ALTERNATIVES:
Do not authorize the contract with the city and forego contract revenue of $76,350
FISCAL IMPACT:
$76,350 in revenue reimbursement to UTA; Total Contract value of $293,700
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Contract |
Value |
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Base Contract |
$70,630 |
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Amendment 1 |
$72,630 |
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Amendment 2 |
$74,090 |
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Amendment 3 |
$76,350 |
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Total Value |
$293,700 |
ATTACHMENTS:
1) Contracts and Amendments:
a. Amendment 3
b. Base Contract