Fiscal Note
The three year agreement provides for a $100,000 annual contribution from the City for support of this program. For the Year 2011, funding of $100,000 would be appropriated from the Contingent Reserve to Parks Division account GN01-54901-617150. Funding for the subsequent two years would be requested through the regular operating budget process.
Title
SUBSTITUTE Amending the 2011 Operating Budget by appropriating $100,000 from the Contingent Reserve to the Parks Division and authorizing the Mayor and City Clerk to execute a three year agreement and lease with “B-cycle LLC.” Various AD’s
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Preamble:
The City of Madison has been approached by parties interested in providing a rental bicycle sharing service. The system proposed by B-cycle LLC, the vendor of the equipment, involves kiosks and locked storage docks for bicycles. B-Cycle was formed out of a partnership involving Trek Bicycles, a local international corporation and ongoing partner in the City’s successful Ride the Drive events. The B-Cycle bikes are rented by use of a credit card, after which the rented unit is released from the dock. Bikes must be returned by the end of the day, and may be returned to a kiosk and dock other than that of the original rental, if a space is available. It is expected that several rental kiosks will be located on City of Madison property, and elsewhere throughout the City, as part of this program. In addition to the cost of purchasing the equipment and necessary licenses to run the program, if the City were to run the program there would be additional costs (such as maintenance and liability related issues) that would make the service difficult to operate and cost-prohibitive to provide. By providing leased public space and contributing financially to the program, the City can successfully provide its citizens with this service, at less cost and liability risk than if it were to do so itself.
This system is currently active in a number of Eur...
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