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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: Hive Pass Purchase and Administration - Amendment 3 (Salt Lake City Corporation)
end
AGENDA ITEM TYPE:
Service or Fare Approval
RECOMMENDATION:
Authorize the executive director to enter into Amendment 3 to the Hive Pass Purchase and Administration Agreement with Salt Lake City Corporation
BACKGROUND:
The Hive Cooperative Pass Purchase and Administration Agreement is a transit pass
program that gives Salt Lake City residents access to a discounted monthly standard
adult local transit pass. Each pass is in the form of an electronic fare card and users
are required to tap-on and tap-off the system when riding UTA services. This specific
program has been in place since June 2015.
On May 26, 2021, the board approved Amendment No. 2 to the Hive Cooperative Pass Purchase and Administration Agreement which extended the contract for one additional year through June 2022. The price of the local monthly Hive Pass is $68.00 per month which is a 20% discount on the retail monthly pass price ($85.00). Salt Lake City pays $26.00, and the resident pays $42.00.
Passes can be purchased from the Salt Lake City County Building, Public Utilities Office,
and the Sorenson Unity Center. Prior to selling a pass, Salt Lake City verifies that the
resident, seeking to purchase a pass, lives within the boundaries of Salt Lake City
proper. This verification process is outlined in Section 3 of the contract.
DISCUSSION:
In the spirit of partnership, staff recommends that the Hive Cooperative Pass Purchase and Administration Agreement be extended for one additional year. This will be Amendment 3 to the original agreement. The updated contract term will be July 1, 2020, through June 30, 2023. All other terms of the contract will remain the same.
CONTRACT SUMMARY:
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Contractor Name: |
Salt Lake City Corporation |
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Contract Number: |
20-F0048-3 |
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Base Contract Effective Dates: |
July 1, 2020 through June 30, 2022 |
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Extended Contract Dates: |
July 1, 2022 through June 30, 2023 |
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Existing Contract Value: |
$1,022,500 |
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Amendment Amount: |
$328,000 (estimated) |
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New/Total Contract Value: |
$1,350,500 |
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Procurement Method: |
NA |
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Budget Authority: |
NA |
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ALTERNATIVES:
Do not approve the contract and require residents of Salt Lake City to purchase fare using other resources
Do not approve the contract and forego additional revenue of $328,000
FISCAL IMPACT:
Additional $328,000 in contract revenue. This is estimated using current contract revenue.
ATTACHMENTS:
Amendment 3