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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
William Greene, Chief Financial Officer |
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PRESENTER(S): |
Kensey Kunkel, Manager of Business Dev.& Sales |
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TITLE:
title
Fare Agreement: Trip Based Education Pass - Modification No. 2 (Westminster College)
end
AGENDA ITEM TYPE:
Service or Fare Approval
RECOMMENDATION:
Authorize Modification No. 2 to the Westminster College Pass Purchase Administration Trip Based Education Pass Agreement (Contract 20-F0129)
BACKGROUND:
UTA and Westminster College are longstanding partners dedicated to providing transit access to the institution’s students, faculty and staff. For the 2021-22 school year, Westminster entered into Pass Purchase and Administration Agreement 20-F0129 - Modification 1 (Agreement) with UTA. The modification was approved by the UTA board of trustees on June 9, 2021. This modification extended contract 20-F0129 for one additional year through July 2022.
Through the agreement, Westminster pays for each trip taken by authorized users on UTA services, and UTA gives Westminster a twenty-five (25) percent discount off the public fare. Authorized users include students, faculty, and staff with an active Westminster College ID. The Westminster ID card can be used to “tap-on/off” the UTA system and is valid fare on all UTA services except for Paratransit, Park City, and Ski Services.
This contract modification will expire on July 31, 2022.
DISCUSSION:
In the spirit of partnership UTA and Westminster College wish to modify and extend the current contract for one additional year. The new contract term will be August 1, 2022 through July 31, 2023. All other terms of the contract, including the discount of twenty-five percent, will remain the same.
CONTRACT SUMMARY:
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Contractor Name: |
Westminster College |
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Contract Number: |
20-F0129-2 |
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Base Contract Effective Dates: |
August 1, 2020 through July 31, 2022 |
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Extended Contract Dates: |
August 1, 2022 through July 31, 2023 |
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Existing Contract Value: |
$27,500 |
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Amendment Amount: |
$30,250 to $47,190 |
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New/Total Contract Value: |
$57,750 to $74,690 |
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Procurement Method: |
N/A |
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Budget Authority: |
N/A |
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ALTERNATIVES:
1. Not approve the amendment and renegotiate a new contract price and term
2. Not approve the amendment and forgo revenue
FISCAL IMPACT:
Between $30,250 and $57,750 in revenue which represents a 10-30% increase in revenue as compared to 2021/22 school year.
This revenue was anticipated in the adopted 2022 Budget.
ATTACHMENTS:
1. Modification No. 2