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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): |
Kensey Kunkel, Manager Fare Strategy |
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TITLE:
title
Fare Agreement: Education Pass Agreement (Salt Lake Community College)
end
AGENDA ITEM TYPE:
Service or Fare Approval
RECOMMENDATION:
Authorize the Executive Director to enter an Education Pass Agreement with Salt Lake Community College for two years with a projected value of $758,000.
BACKGROUND:
Salt Lake Community College (SLCC) and Utah Transit Authority (UTA) have historically partnered to provide the institution’s Authorized users with a UTA transit pass. Last year, SLCC and UTA entered a one (1) year Ed Pass Agreement wherein the school provided twenty-five thousand (25,000) students, faculty, and staff with a premium transit pass that is valid on all UTA service except for Paratransit and Ski services.
The value of the contract is $364,000. This contract will expire at the end of July and both parties desire to enter a new contract to continue this partnership.
DISCUSSION:
In the spirit of partnership, staff recommends SLCC and UTA enter a two-year Education Pass Agreement, wherein SLCC will provide twenty-five thousand (25,000) students, faculty, and staff with a premium transit pass. The value of this two (2) year contract is $758,000:
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|
School Year |
Price |
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1 |
2023-24 |
$374,000 |
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2 |
2024-25 |
$384,000 |
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Total |
$758,000 |
CONTRACT SUMMARY:
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Contractor Name: |
Salt Lake Community College |
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Contract Number: |
23-F0351 |
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Base Contract Effective Dates: |
August 1, 2023- July 31, 2025 |
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Extended Contract Dates: |
NA |
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Existing Contract Value: |
NA |
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Amendment Amount: |
NA |
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New/Total Contract Value: |
$758,000 |
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Procurement Method: |
NA |
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Budget Authority: |
NA |
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ALTERNATIVES:
Do not enter into an agreement and forego revenue and ridership.
FISCAL IMPACT:
Additional ten-thousand dollars ($10,000) in 2023 contract revenue as compared to last year.
ATTACHMENTS:
Contract