SUBJECT:
title
Approval of a resolution authorizing the President & CEO, or her designee, to finalize and execute an Interlocal Agreement with the University of Texas at Austin to subsidize annual passes on CapMetro Bikeshare for staff and students at a reimbursement rate to CapMetro of $45.00 per student and $90.00 per staff member, with up to three (3) optional one-year extension periods.
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FISCAL IMPACT:
Refer to business case and executive summary for clarification.
STRATEGIC PLAN:
Strategic Goal Alignment:
? 1. Customer ? 2. Community
? 3. Workforce ? 4. Organizational Effectiveness
EXPLANATION OF STRATEGIC ALIGNMENT: This revenue-generating agreement establishes a cost-sharing arrangement to expand bikeshare access. It strengthens a longstanding partnership with the University of Texas at Austin, improves campus mobility, addresses parking demand, and increases bikeshare ridership.
BUSINESS CASE: Earlier this year CapMetro adjusted bikeshare fares for students and staff, which increased the cost of annual passes. CapMetro offers a 50% discount on annual bikeshare passes for currently enrolled students over 18. To reduce the financial impact of this fare change, the University of Texas (UT) at Austin Parking and Transportation Services department agreed to provide a direct subsidy for UT students and staff. Under the agreement, UT will reimburse CapMetro $45.00 per student pass and $90.00 per staff pass annually. Under this agreement UT students will pay $30 for an annual pass, and UT staff will pay $60. Subsidy payments under this ILA are estimated to generate approximately $75,000 in annual revenue based on historic participation.
COMMITTEE RECOMMENDATION: The item was presented and recommended for approval by the Finance, Audit and Administration Committee on October 8, 2025.
EXECUTIVE SUMMARY: CapMetro and the University of Texas at Austin have partnered since 1989 to provide transportati...
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