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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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TITLE:
title
Fare Agreement: Pass Purchase and Administration (Salt Lake City Corporation)
end
AGENDA ITEM TYPE:
Service or Fare Approval
RECOMMENDATION:
Authorize the Executive Director to enter a one-year Pass Purchase and Administration Agreement with Salt Lake City Corporation.
BACKGROUND:
UTA and Salt Lake City Corporation (SLC Corp.) are longstanding partners dedicated to mitigating traffic and air pollution (the prior agreement, 24-F28214, was approved by the Board of Trustees on July 31, 2024) . In the spirit of that partnership, the two parties collaborate to provide SLC Corp. employees with a transit pass benefit through a Pass Purchase and Administration Agreement. Employees can opt in or out to receive a UTA transit pass and SLC Corp. pays for each trip taken by their authorized users on UTA transit services. SLC Corp. receives a discount of five percent (5%) that is applied to their monthly invoice and the discount is calculated based on the number of trips taken in the prior contract year. The program and discount are in line with similar entities of the same type and population.
DISCUSSION:
Both UTA and SLC Corp. wish to enter into a new contract for one (1) year. The new contract term will begin July 1, 2025 through June 30, 2026. All other terms of the contract, including the five percent (5%) discount will remain the same. Revenue for this contract is estimated because SLC Corp. is billed monthly based on actual trips during the contract period. Revenue estimates are made using ridership projections based on historical trends.
CONTRACT SUMMARY:
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Contractor Name: |
Salt Lake City Corporation |
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Contract Number: |
25-F28285 |
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Base Contract Effective Dates: |
July 1, 2025 through June 30, 2026 |
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Extended Contract Dates: |
N/A |
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Existing Contract Value: |
N/A |
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Amendment Amount: |
N/A |
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New/Total Contract Value: |
Projected to be $94,000 |
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Procurement Method: |
N/A |
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Budget Authority: |
N/A |
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ALTERNATIVES:
Do not enter into an agreement with SLC Corp. and require the authorized users to purchase fare using other methods.
FISCAL IMPACT:
2025 Contract Total: $94,000
Revenue is estimated to be $94,000 and is expected to be equivalent to the previous year’s contract (2024-25).
ATTACHMENTS:
• Fare Agreement: Pass Purchase and Administration (Salt Lake City Corporation)