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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, Manager Business Development and Sales |
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TITLE:
title
Fare Agreement: Pass Purchase and Administration (SelectHealth, Inc.)
end
AGENDA ITEM TYPE:
Service or Fare Approval
RECOMMENDATION:
Authorize the Executive Director to execute the Pass Purchase and Administration Agreement with SelectHealth, Inc.
BACKGROUND:
SelectHealth, Inc. (SelectHealth) is a subsidiary of Intermountain Healthcare and has been a longstanding UTA partner dedicated to traffic mitigation and air pollution reduction. One way that SelectHealth and UTA partner together is through an employer transit pass program. SelectHealth provides a transit pass to all full time and part time employees working at their various locations along the UTA Service Corridor. SelectHealth pays for each trip taken by an authorized user on the UTA system and receives a 17.5 percent discount. The current agreement will expire at the end of this year and both parties desire to renew the agreement.
DISCUSSION:
In the spirit of partnership, SelectHealth and UTA will enter a two-year Pass Purchase and Administration agreement. SelectHealth will continue to pay for each trip taken by an authorized user on the UTA system and receives a 17.5 percent discount. This discount is in line with other similarly sized organizations participating in a pay-per-use program.
CONTRACT SUMMARY:
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Contractor Name: |
SelectHealth, Inc. |
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Contract Number: |
22-F0315 |
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Base Contract Effective Dates: |
January 1- December 31, 2024 |
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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 Amount Contract Value: |
$6,600-$8,000 |
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Procurement Method: |
NA |
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Funding Sources: |
NA |
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ALTERNATIVES:
Not approve contract and forgo revenue.
FISCAL IMPACT:
Total value of the contract is estimated to be between $6,600-$8,000.
• For contract year 1: Ridership and revenue received is estimated to increase by 5-25 percent as compared to revenue received for 2022 ($3,300 - $4,000)
• For contract year 2: Ridership and revenue will remain steady in as compared to 2023 ($3,300 - $4,000)
Revenue may increase or decrease depending upon the use of the transit program by authorized users.
ATTACHMENTS:
1. Contract