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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): |
Jordan Eves, Manager of Fare Strategy |
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TITLE:
title
Fare Agreement: Pass Purchase and Administration Agreement Modification No. 3 (Davis Technical College)
end
AGENDA ITEM TYPE:
Service or Fare Approval
RECOMMENDATION:
Approve and authorize the Executive Director to execute Modification No. 3 to the Davis Technical College Trip Based Education Pass Purchase and Administration Agreement
BACKGROUND:
UTA and Davis Technical College (Davis Tech) are longstanding partners dedicated to providing access to transit for the institution’s students, faculty, and staff. For the 2023-24 school year, Davis Tech renewed their Pass Purchase and Administration Agreement with UTA contract modification 21-F0205-2, which was approved by the board on July 26, 2023.
Through the agreement, Davis Tech pays for each trip taken by its authorized users on UTA services and UTA gives Davis Tech a twenty-five (25) percent discount on the public fare. Authorized users include enrolled students and faculty and staff. Davis Tech utilizes a UTA printed pass that is valid for use on all UTA services except for Paratransit, Salt Lake-PC Connect and Ski Services.
The current Modification No. 2 will expire on July 31, 2024.
DISCUSSION:
In the spirit of partnership, UTA and Davis Tech wish to extend the current contract for one additional year through contract Modification No. 3. The new contract term will be August 1, 2024 through July 31, 2025. All other terms of the contract, including the discount of twenty-five percent will remain the same. Revenue for this contract is estimated because Davis Tech is billed monthly based on actual trips taken during the contract period. Revenue estimates are made using ridership projections based on historical trends.
CONTRACT SUMMARY:
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Contractor Name: |
Davis Technical College |
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Contract Number: |
21-F0205-3 |
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Base Contract Effective Dates: |
August 1, 2021 through July 31, 2024 |
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Extended Contract Dates: |
August 1, 2024 through July 31, 2025 |
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Existing Contract Value: |
$91,000 |
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Amendment Amount: |
$38,000 |
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New/Total Contract Value: |
$129,000 |
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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 associated revenue.
FISCAL IMPACT:
Estimated thirty-eight thousand ($38,000) in revenue August 2024 - July 2025. Revenue was estimated using historical ridership and revenue.
ATTACHMENTS:
Contract Modification No. 3