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 date calculated from a contract term stated in the record, not quoted directly
- Type
- contract
- Field
- Real estate
real estate contracts in CA that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
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
Where it was heard
Visalia City Council Visalia City CouncilWatch what Visalia buys
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