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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Viola Miller, Chief Financial Officer |
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PRESENTER(S): |
Monica Howe, Fares Director |
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Jordan Eves, Manager of Fare Strategy |
TITLE:
title
Fare Agreement: Pass Purchase and Administration (IHC Health Services, Inc.)
end
AGENDA ITEM TYPE:
Service or Fare Approval
RECOMMENDATION:
Authorize the Executive Director to execute the Pass Purchase and Administration Agreement with IHC Health Services, Inc.
BACKGROUND:
IHC Health Services, Inc. (IHC) and UTA are longstanding partners dedicated to traffic mitigation and air pollution reduction. One way that the IHC and UTA partner together is through an employer transit pass program. IHC provides a transit pass to all full time and part time employees working at their various locations along the UTA Service Corridor. IHC pays for each trip taken by an authorized user on the UTA system and receives a 17.5 percent discount. The current agreement will expire at the end of this year and both parties desire to renew the agreement
DISCUSSION:
In the spirit of partnership, IHC and UTA will enter a two-year Pass Purchase and Administration agreement. IHC will continue to pay for each trip taken by an authorized user on the UTA system and receives a 17.5 percent discount. This discount is in line with other similarly sized organizations participating in a pay-per-use program.
CONTRACT SUMMARY:
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Contractor Name: |
IHC Health Services, Inc. |
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Contract Number: |
24-F28242 |
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Base Contract Effective Dates: |
January 1, 2025 - December 31, 2026 |
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Extended Contract Dates: |
NA |
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Existing Contract Value: |
NA |
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Amendment Amount: |
NA |
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New/Total Contract Value: |
$665,000 estimated value |
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Procurement Method: |
NA |
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Budget Authority: |
Approved 2025 Budget |
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ALTERNATIVES:
Do not approve the agreement and IHC employees will need to purchase their own passes at full ticket fare.
FISCAL IMPACT:
Total value of the contract is estimated to be $665,000 and is dependent on rider use levels. Revenue is not expected to change from the prior contract.
ATTACHMENTS:
Contract