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days notice, the provider, at its sole option, may, until the 30 days have been completed, either <br />deny the use of the fare tool and require an alternate method of payment, or accept the fare tool <br />for proper payment and be reimbursed the full cash value for the ride taken, or accept the fare <br />tool at the proposed reimbursement value. <br />5. Regional Transfer Reciprocity. The Council's regional fare structure provides for full <br />regional transfer reciprocity among all regional transit providers subject to the regional fare <br />structure. That is, all regional public transit provider issued transfers shall be accepted by all <br />other regional public transit providers without charge and without seeking any reimbursement of <br />Convenience/Prepaid Fare revenue for such transfers. The Provider agrees to implement <br />regional transfer reciprocity in accordance with this section and no transfer rides shall be <br />included in the Provider's requests for reimbursement of Convenience/Prepaid Fare revenue. In <br />order to implement this policy, when a Convenience/Prepaid Fare tool is used as a transfer, the <br />Provider shall ensure that its farebox driver displays will read "TRANSFER" and that the <br />farebox data system will classify the ride as a transfer. <br />6. Reimbursement for Convenience/Prepaid Fare Eligible Rides. Subject to the <br />limitations and reductions provided for in this section and the regional transfer reciprocity <br />provisions of Section 5, the Provider shall be reimbursed for the reimbursement value of all <br />Convenience/Prepaid Fare eligible rides provided during a billing cycle. <br />a. Pre -sold Portion Limitation. The Provider may request reimbursement only for the <br />pre -sold portion of a fare. For example, a customer boarding a peak express bus with a <br />low denomination 31-day pass must supplement the ride with cash in the farebox. In <br />such case, the Provider shall retain the cash amount and may only request reimbursement <br />based on the pre -sold portion of the fare. <br />b. Reimbursement Reductions. The following percentage reductions will be applied to <br />the gross amount of reimbursement to the Provider for Convenience/Prepaid Fare eligible <br />rides provided during the billing cycle: <br />• 1.81% for commissions paid to outlets who sell Convenience/Prepaid Fares, and <br />• for any provider not involved in Motor Vehicle Excise Tax revenue sharing <br />through the Regional Transit Fund, an additional 5.31% administrative fee. <br />7. Data Collection. The Provider shall base any application for reimbursement from <br />Convenience/Prepaid Fare revenue reports from the regional fare data base. Using a standard <br />report format created by the Council providers will request Convenience/Prepaid Fare <br />reimbursement using electronically generated farebox and smart card data that includes ridership <br />by fareset (fare in effect), ride type, Convenience/Prepaid Fare value and Convenience/Prepaid <br />Fare type. <br />8. Reporting of Data and Requests for Reimbursement. The Provider shall use the <br />Convenience Fares Reimbursement Tracking form shown on Exhibit A, or such other form as <br />may be specified by the Council, in order to report Convenience/Prepaid Fare eligible rides <br />3 <br />