|
TO: |
Board of Trustees |
|
THROUGH: |
Jay Fox, Executive Director |
|
FROM: |
Viola Miller, Chief Financial Officer |
|
PRESENTER(S): |
Kensey Kunkel, Mgr. Business Development-Sales |
TITLE:
title
Fare Agreement: Special Events Agreement (The Church of Jesus Christ of Latter-Day Saints)
end
AGENDA ITEM TYPE:
Service or Fare Approval
RECOMMENDATION:
Authorize the Executive Director to enter into a Special Event Agreement with The Church of Jesus Christ of Latter-Day Saints.
BACKGROUND:
The Church of Jesus Christ of Latter-Day Saints (the Church) and Utah Transit Authority (UTA) are longstanding partners dedicated to providing transit solutions to and from Church events. In 2023, the parties partnered through a Special Event Agreement to provide transit access to Church events. This agreement has expired and both parties desire to enter into a new agreement.
DISCUSSION:
The Church and UTA propose to enter a special event contract. This partnership will allow tickets to specific events, as listed in the contract, to be valid fare on UTA services on the day of the event. The value of this agreement is $141,000. With agreement of both parties, the Church may add additional events not listed in the contract at the following price schedule based on tickets sold as reported by the Church:
|
Tickets Sold |
Price per Event |
|
15,000+ |
$8,100 |
|
5,001-15,000 |
$6,075 |
|
< 5,000 |
$2,025 |
CONTRACT SUMMARY:
|
Contractor Name: |
The Church of Jesus Christ of Latter-Day Saints |
|
Contract Number: |
24-F0386 |
|
Base Contract Effective Dates: |
02/14/2024 - 12/31/2024 |
|
Extended Contract Dates: |
NA |
|
Existing Contract Value: |
NA |
|
Amendment Amount: |
NA |
|
New/Total Contract Value: |
$141,000 |
|
Procurement Method: |
NA |
|
Budget Authority: |
NA |
|
|
|
ALTERNATIVES:
Do not enter into an agreement and forego revenue
FISCAL IMPACT:
Revenue increase of $5,000 as compared to revenue received in contract year 2023.
ATTACHMENTS:
Contract