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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
William Greene, Chief Financial Officer |
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PRESENTER(S): |
Kensey Kunkel, Mgr. Business Dev. and Sales |
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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:
Approve the new Pass Purchase and Administration Agreement with Salt Lake Corporation.
BACKGROUND:
On June 22, 2022 the Board of the Authority approved Amendment 2 to the Eco Pass Trip Rewards Agreement with Salt Lake City Corporation which extended the effective date of the contract through June 30, 2023 and approved the discount of five percent. Unfortunately, the contract expired before the amendment could be executed, therefore a new agreement became necessary.
DISCUSSION:
Staff recommends approval of a new Pass Purchase and Administration Agreement with Salt Lake City Corporation replacing the June 22 Board approved Amendment. The title of the agreement has been updated at the recommendation of Board staff, however all terms of the agreement remain the same as the previously approved amendment.
CONTRACT SUMMARY:
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Contractor Name: |
Salt Lake City Corporation |
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Contract Number: |
22-F0306 |
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Base Contract Effective Dates: |
July 1, 2022 through June 30, 2023 |
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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: |
$65,000-$75,000 (estimate) |
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Procurement Method: |
NA |
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Budget Authority: |
NA |
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ALTERNATIVES:
1. Not approve the modification and renegotiate a new contract price and term
2. Not approve the modification and forgo revenue
FISCAL IMPACT:
Estimated revenue of $65,000 to $75,000 which represents a fifteen to thirty percent increase over 2021-22 revenue.
ATTACHMENTS:
Contract