Nature of Contract
BART pays a lump sum to the SFMTA for the provision of feeder bus and rail services to BART stations under the Feeder Agreement. For this contract, the amount is $2,641,151 for FY 2010, $2,654,357 for FY 2011, $2,667,629 for FY 2012, with subsequent payment to be adjusted by the percentage change of ridership and CPI for the two preceding years up to a maximum of 5% for FY 2013 to FY 2020.
Date Contract Approved
June 21, 2013
Amount
$2,641,151 for FY 2010, $2,654,357 for FY 2011, $2,667,629 for FY 2012, with subsequent payment to be adjusted by the percentage change of ridership and CPI for the two preceding years up to a maximum of 5% for FY 2013 to FY 2020.