|
TO: |
Board of Trustees |
|
THROUGH: |
Jay Fox, Executive Director |
|
FROM: |
William Greene, Chief Financial Officer |
|
PRESENTER(S): |
Kensey Kunkel, Manager Business Development and Sales |
|
|
|
TITLE:
title
Fare Agreement: Pass Purchase and Administration (The Church of Jesus Christ of Latter-Day Saints)
end
AGENDA ITEM TYPE:
Service or Fare Approval
RECOMMENDATION:
Authorize the Executive Director to execute the Pass Purchase and Administration Agreement with The Church of Jesus Christ of Latter-Day Saints.
BACKGROUND:
The Church of Jesus Christ of Latter-day Saints (Church) and UTA are longstanding partners dedicated to reducing traffic congestion and related emissions. One way that the Church and UTA partner together to achieve these goals is through an employer transit pass program.
The Church provides a transit pass to all full time, part time, and volunteer employees working at their various locations along the UTA Service Corridor. The Church 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, the Church and UTA will enter a two-year Pass Purchase and Administration agreement. The Church will continue to pay for each trip taken by authorized users on the UTA system and receive a 17.5 percent discount. This discount is in line with other similarly sized organizations participating in a pay-per-use program.
CONTRACT SUMMARY:
|
Contractor Name: |
The Church of Jesus Christ of Latter-day Saints |
|
Contract Number: |
22-F0316 |
|
Base Contract Effective Dates: |
January 1- December 31, 2024 |
|
Extended Contract Dates: |
NA |
|
Existing Contract Value: |
NA |
|
Amendment Amount: |
NA |
|
New/Total Amount Contract Value: |
$1,767,400-$2,104,000 |
|
Procurement Method: |
NA |
|
Funding Sources: |
The Church of Jesus Christ of Latter-day Saints |
|
|
|
ALTERNATIVES:
Not approve contract and forgo revenue.
FISCAL IMPACT:
Total value of the contract is estimated to be between $1,767,400-$2,104,000.
• For contract year 1: Ridership and revenue received is estimated to increase by 5-25 percent as compared to revenue received for 2022. Estimated revenue for 2023 $883,700-$1,052,000.
• For contract year 2: Ridership and revenue will remain at 2023 levels ($883,700-$1,052,000)
Revenue may increase or decrease depending upon the use of the transit program by authorized users.
ATTACHMENTS:
1. Contract