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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 Dev. and Sales |
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TITLE:
title
Fare Agreement: Education Pass (Weber State University)
end
AGENDA ITEM TYPE:
Service or Fare Approval
RECOMMENDATION:
Authorize the Executive Director to enter into an Education Pass Agreement with Weber State University.
BACKGROUND:
In 2021, the Board of the Authority requested a review of all higher education transit pass agreements. The Fares team performed an in-depth review of all higher education pass contracts including the review of terms and conditions, ridership, and pass utilization as well as revenue received compared to actual use (“pay per trip value”). The Fares team used the review findings to formulate a plan and set goals to align all future Education Pass Contracts.
This July, UTA’s Education Pass Agreement with Weber State University (Weber) will expire. Weber and UTA wish to renew a contract to provide transit passes to the college’s students, faculty, and staff. The previous Education Pass Agreement was put into place in 2019 and was a three-year agreement that provided about fifteen thousand (15,000) authorized users with a premium transit pass.
DISCUSSION:
In the spirit of partnership, staff proposes that Weber and UTA sign a three-year Ed Pass Agreement. This agreement will give all students, faculty, and staff (20,000 authorized users) access to premium transit. The value of this contract is $1,812,000 and is based on historical usage data and estimated future ridership.
CONTRACT SUMMARY:
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Contractor Name: |
Weber State University |
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Contract Number: |
22-F0290 |
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Base Contract Effective Dates: |
August 1, 2022 through 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: |
$1,812,000 |
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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 with Weber State University and forego revenue and ridership.
FISCAL IMPACT:
Total revenue of $1,812,000 represents additional revenue of $39,950 over three (3) years as compared to previous contract.
ATTACHMENTS:
Contract