Agenda - Council - 03/08/2011 - Special B&C Interviews

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• tokens • stored value cards • stored ride cards • Period Passes (i.e., 31 day pass, 7 day pass, day pass) • MetroPasses • U-Passes • College Passes • Mobility Smart Cards • Mobility Flash Pass • Mobility Magnetic Pass • Young Adult Ride Card • Employee Pass • Ramp and Ride • Student Pass • Coupons (i.e., mass marketing, jury duty, single/free ride coupons) Tokens, stored value cards, stored ride cards, MetroPasses, U-Passes and Mobility Passes are sold at a discount from their face cash value and thus have a reimbursement value per ride equal to the discount applied to the per ride face cash value. The following two elements are considered in determining the reimbursement value per ride: (1) the fare in effect at the time of usage and (2) the fare product. For most fare products, the reimbursement value per ride rate is the discounted value of the fareset. The current reimbursement value per ride of Convenience/Prepaid Fare rides is set forth on Exhibit A, the Convenience Fares Reimbursement Tracking Form, which is attached hereto and incorporated herein by this reference. 3. Fare Adjustments. If the Council adjusts regional fares during the term of this agreement, it shall prepare a revised Exhibit A reflecting any changes in the reimbursement value per ride of various classes of rides in accordance with the methodology described in Section 2 above. The Council shall provide written notice and a copy of the revised Exhibit A to the Provider. The revised exhibit, including the reimbursement value per ride of each type of ride, shall be effective upon the effective date of the fare change and without formal amendment of this Agreement. 4. New Convenience/Prepaid Fare Tools. Periodically, new Convenience/Prepaid Fare tools are developed for the region by the Council. The reimbursement value per ride for any such new Convenience/Prepaid Fare Tools will be determined by the Council using the methodology described in Section 2. Distribution of revenues from any such new Convenience/Prepaid Fare tools developed for the region during the term of this agreement shall be governed by the provisions of this Agreement. In the event the Council develops a new Convenience/Prepaid Fare tool as described in this section, the Council shall provide written notice and a copy of the revised Exhibit A, and instructions for the public availability and validity of the new fare tool, to the Provider no less than 30 days before the effective date of the tool. The revised exhibit, including the reimbursement value per ride of the new fare tool shall be effective 30 days from the receipt of a revised Exhibit A by the provider and without formal amendment of this Agreement. In the event a new fare tool is made available with less than 30 2