Sponsor
Alderman DeHahn
Title
Extension of Bus Management Contract
Resolved, that the current bus management agreement with Professional Transit Management, Ltd., be extended for two years, from February 1, 2009 through January 31, 2011, with annual fees of $152,123 from February 1, 2009 through January 31, 2010, and $156,687 from February 1, 2010 through January 31, 2011, representing 3% annual increases.
Further resolved, that either party be able to request that the agreement be reopened prior to the start of the final contract year on February 1, 2010.
Further resolved, that the Mayor and City Clerk be authorized and directed to execute the amendment on behalf of the City of Racine.
Fiscal Note: The current agreement will not change and the 2008 Belle Urban System budget will not be affected. The amendment will obligate the City for two more years of contract management of the Belle Urban System.