Fiscal Note
This three-year agreement (with options for extension) provides for the reimbursement by MATC for free access by MATC students to Metro Transit for fixed route and ADA paratransit services pursuant to the TPC-approved unlimited ride pass tariff. $271,455 is included in Metro's 2007 operating budget. The total amount billable by Metro for all fixed route fares under the terms of the agreement during the first year shall be based on ridership x $0.88 per fixed-route ride. There shall be a minimum and a maximum of +/- 16% for the 2007-08 academic year over or under the actual 2006-07 ridership. For the 2008-09 academic year, the per ride rate will be $0.952 with a minimum and maximum of +/-12% over or under the actual 2007-08 ridership. For the 2009-10 academic year, the per ride rate will be $0.952 with a minimum and maximum of +/-8% over or under the actual 2008-09 ridership. If the extension options are exercised, the per ride rate for the 2010-11 and 2011-12 academic years will be $1.00 with a minimum and maximum of +/- 8% over or under the previous year's actual ridership. Paratransit rides will be billed at the rate of the applicable peak or off-peak ADA paratransit fare in TPC-approved fare tariff. Contract revenues have been anticipated in the 2007 Transit Utility operating budget and will be included in future Metro operating budgets.
Title
Authorizing the Mayor and City Clerk to enter into an agreement with Madison Area Technical College (MATC) for the provision of free access by MATC students to Metro Transit for fixed route and ADA paratransit services, with reimbursement for student trips for the contract period.
Body
PREAMBLE
Madison Area Technical College and Metro Transit have had many successful years of student unlimited ride pass agreements that have been valuable to both parties. With this three-year agreement (with options for extension), Metro Transit will offer interior bus ads and marketing support for designing...
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