Title
Lease of City-Owned Van to Charlotte Center City Partners Community Trust
Action
Action:
A. Adopt a resolution approving a five-year lease agreement with Charlotte Center City Partners Community Trust for a 2020 Ford Transit 250 cargo low-roof van for the operation and maintenance of the Joy Rides bike-sharing system,
B. Adopt a budget ordinance appropriating $28,341.60 from Charlotte Center City Partners Community Trust in the General Capital Projects Fund, and
C. Authorize the City Manager to negotiate and execute all documents necessary to complete the agreement.
Body
Staff Resource(s):
Liz Babson, Transportation
Johanna Quinn, Transportation
Will Washam, Transportation
Explanation
* On December 11, 2017, City Council approved a municipal agreement with the North Carolina Department of Transportation to allow the City to administer a Federal Highway Administration (FHWA) Transportation Alternatives Program (TAP) Grant for the expansion of the Joy Rides bike-sharing system (formerly known as B-cycle).
* A portion of the FHWA TAP Grant funds were used to purchase a new van, which will be used to rebalance and distribute bicycles across the 20 Joy Rides stations each day. This van replaces a 2002 van that was decommissioned by the City of Charlotte in 2012 and leased to Joy Rides.
* Joy Rides is a non-profit bike-sharing organization that operates the program through an agreement with the City and Charlotte Center City Partners Community Trust.
* North Carolina General Statute 160A-272 outlines the procedures for leasing City property.
* The lease terms with Charlotte Center City Partners Community Trust are:
* A five-year lease term;
* Monthly rent of $590.45, which is consistent with market rates; and
* Joy Rides will be responsible for the maintenance on the vehicle.
Charlotte Business INClusion
This is a leasing contract and is exempt (Part A: Appendix 1.27 of Charlotte Business INClusion Policy).
Fiscal Note
Funding: General Capital Inv...
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