24-0264
Award Contract for Visalia Transit Management, Operations and Maintenance - Authorize the City Manager to award a 5-year base contract to RATP Dev not to exceed $109,000,000, with the option to have five (5) single option years up to ten (10) years, appropriate an additional $6,000,000 from the Transit Operational fund balance, and hear the first reading of Ordinance 24-08 as is required by the City Charter for lease agreements with a duration of longer than five (5) years.
What this record is
- Amount
- $109.0M
- Runs until
- June 25, 2029 3 years away calculated from the contract term stated in the record
- Type
- award
- Field
- Real estate
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Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Visalia City Council
- Requested by
- General Services
- Introduced
- June 25, 2024
- On agenda
- August 5, 2024