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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 Finance Officer |
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PRESENTER(S): |
Kensey Kunkel, Manager Business Development & Sales |
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TITLE:
title
R2023-11-01 - Resolution Adopting the 2024 and 2025 Eco Pass Fare Structure of the Agency
end
AGENDA ITEM TYPE:
Resolution
RECOMMENDATION:
Approve R2022-11-01 adopting the 2024 and 2025 Eco Pass Fare Structure and form of Agreement of the Agency
BACKGROUND:
The Utah Public Transit District Act (Utah Code 17B-2a-801) empowers the Board of Trustees to fix the fares charged to riders of the Authority’s transit services. UTA Board Policy 4.1 - Fares, adopted by the Board of Trustees on December 21, 2022, empowers the Board to set base fares for transit services, including those for the Authority’s Eco Pass program. In November 2022, the board adopted Resolution R2022-11-02 that adopted the 2023 ECO Pass Fare Structure of the agency. This Resolution is set to expire on December 31, 2023.
DISCUSSION:
UTA staff will present Resolution R2023-11-01 for the Board’s approval of UTA’s 2024 and 2025 Eco Pass Fare Structure and also the Eco Pass form of Agreement (Exhibits A and B)
Eco Fare Agreements of any dollar value that do not deviate materially from the fare structure shown in Exhibit A or the form of contract shown in Exhibit B and undergo UTA legal review would be approved for execution under this Resolution.
ALTERNATIVES:
Amend the resolution, or not approve the resolution and consider each fare agreement individually.
FISCAL IMPACT:
The agency anticipates a slight increase in revenue as new pass partners are onboarded and pass utilization by current partners increases. Total forecasted Eco pass revenue for 2024 is $130,000 - $210,000, which represents an increase of 3-5% over 2023.
ATTACHMENTS:
R2023-11-01 adopting the 2023 Eco Pass Fare Structure of the Agency