|
TO: |
Board of Trustees |
|
THROUGH: |
Jay Fox, Executive Director |
|
FROM: |
William Greene, Chief Financial Officer |
|
PRESENTER(S): |
Jonathan Salazar, Acting Regional General Manager-Mt. Ogden |
|
|
|
TITLE:
title
Fare Agreement: Lagoon/Station Park Shuttle Service Agreement - Amendment 3 Modification 1 (Farmington City Corporation)
end
AGENDA ITEM TYPE:
Service or Fare Approval
RECOMMENDATION:
Authorize Executive Director to execute Modification 1 to Amendment 3 to the Bus Service Agreement with Farmington City Corporation in the amount of $76,350.
BACKGROUND:
Utah Transit Authority has a longstanding relationship with the city of Farmington. In 2019, Farmington City Corporation (“the City”) entered into an agreement with UTA that included three (3) one-year options to renew the contract (approved by the UTA Board of Trustees on November 20, 2019). This agreement allows the City to partner with UTA to fund a portion of the operating cost of the service for the “Lagoon/Station Park Shuttle” (Route 667). Per the terms of the agreement, the City agrees to pay 25 percent of the operating costs. The city chose to renew their agreement with UTA for all three years at the values provided in the financial section below.
Both UTA and the City desire to continue to offer this shuttle service in 2023.
DISCUSSION:
Modification 1 to Amendment 3 will extend the contract term for one additional year through December 31, 2023. This action will allow UTA to continue to serve the riders of the route 667 free of cost and to attract new riders. This service is a valuable economic development tool for the City and local partners. The value of this agreement is $80,167.
CONTRACT SUMMARY:
|
Contractor Name: |
Farmington City Corporation |
|
Contract Number: |
18-2898AB-A3M1 |
|
Base Contract Effective Dates: |
January 1, 2019 - December 31, 2019 |
|
Extended Contract Dates: |
Amend #1: January 1, 2020 - December 31, 2020 Amend #2: January 1, 2021 - December 31, 2021 Amend #3: January 1, 2022 - December 31, 2022 Modification 1: January 2023- December 31, 2023 |
|
Existing Contract Value: |
$293,700 |
|
Amendment Amount: |
$80,167 |
|
New/Total Amount Contract Value: |
$373,867 |
|
Procurement Method: |
Non-procurement fare agreement |
|
Funding Sources: |
Farmington City |
|
|
|
ALTERNATIVES:
Do not authorize the contract with the city and forego revenue of $80,167
FISCAL IMPACT:
$80,167 in revenue reimbursement to UTA; Total Contract value of $373,867
|
Contract |
Value |
|
Base Contract |
$70,630 |
|
Amendment 1 |
$72,630 |
|
Amendment 2 |
$74,090 |
|
Amendment 3 |
$76,350 |
|
Modification 1 |
$80,167 |
|
Total Value |
$373,867 |
ATTACHMENTS:
Modification 1 to Amendment 3