24-0328
Transit Operations and Maintenance Contract - Second reading and adoption of Ordinance No. 2024-08 authorizing a lease of the Transit Operations and Maintenance Facility located at 525 N. Cain St in Visalia, to RATP Dev for a term of up to ten (10) years, and authorize the City Manager to execute all necessary contractual documents for the Transit Management, Operations and Maintenance Agreement between the City and RATP Dev with a 5-year base contract not to exceed $109,000,000, and the option to have five (5) single option years up to ten (10) years.
What this record is
- Amount
- $109.0M
- Runs until
- August 6, 2029 3 years away calculated from the contract term stated in the record
- Type
- contract
- 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
- August 6, 2024
- On agenda
- August 12, 2024