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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 of Business Dev.&Sales |
TITLE:
title
Fare Agreement: Trip Based Education Pass - Modification No.1 (Davis Technical College)
end
AGENDA ITEM TYPE:
Service or Fare Approval
RECOMMENDATION:
Approve Modification No. 1 to the Davis Technical College Trip Based Education Pass 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 2021-22 school year, Davis Tech entered into a Pass Purchase and Administration Agreement with UTA, contract 21-F0205, which was approved by the Board of Trustees on July 28, 2021.
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 contract will expire on July 31, 2022.
DISCUSSION:
In the spirit of partnership, UTA and Davis Tech wish to extend the current contract for one additional year. The new contract term will be August 1, 2022 through July 31, 2023. All other terms of the contract, including the discount of twenty-five percent will remain the same.
CONTRACT SUMMARY:
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Contractor Name: |
Davis Technical College |
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Contract Number: |
21-F0205-1 |
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Base Contract Effective Dates: |
August 1, 2021, through July 31, 2022 |
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Extended Contract Dates: |
August 1, 2022, through July 31, 2023 |
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Existing Contract Value: |
$29,500 |
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Amendment Amount: |
$32,500 to $38,400 |
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New/Total Contract Value: |
$62,000 to $67,900 |
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Procurement Method: |
N/A |
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Budget Authority: |
N/A |
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ALTERNATIVES:
1. Not approve the amendment and renegotiate a new contract price and term
2. Not approve the amendment and forgo associated revenue
FISCAL IMPACT:
$32,500 to $38,400 in revenue which represents a ten to thirty percent (10-30%) increase revenue as compared to 2021/22 school year.
ATTACHMENTS:
1. Modification No. 1