HomeMy WebLinkAboutC14-448 Town of Avon First Amendment FIRST AMENDMENT TO AGREEMENT BETWEEN EAGLE COUNTY, COLORADO AND TOWN OF AVON FOR BUS STORAGE & SERVICE AT THE I-70 REGIONAL TRANSPORTATION OPERATIONS FACILITY THIS FIRST AMENDMENT("First Amendment") is effective as of the I day of Pee=ber October;2014 by and between Eagle County, Colorado, a body corporate and politic (hereinafter "County") and the Town of Avon, a Colorado home rule municipality(hereinafter"Town"). The County and Town shall collectively be referred to as the "Parties". RECITALS WHEREAS,the Parties entered into an agreement dated the 29th day of October, 2013, for Bus Storage and Service at the I-70 Regional Transportation Operations Facility (the "Original Agreement"); and WHEREAS,the Parties desire by this First Amendment to modify Exhibit A from what was set forth in the Original Agreement. FIRST AMENDMENT NOW THEREFORE, in consideration of the foregoing and the mutual rights and obligations as set forth below,the parties agree as follows: 1. The Original Agreement shall be amended by the replacement in its entirety of Exhibit A to the Original Agreement(the Lease Payment Calculation),with the new Lease Payment Calculation attached hereto as Exhibit A-2, and incorporated herein by reference. 2. Except as expressly altered, modified and changed in this First Amendment, all terms and provisions of the Original Agreement shall remain in full force and effect, and are hereby ratified and confirmed in all respects as of the date hereof. 3. This First Amendment shall be binding on the parties hereto,their heirs, executors, successors, and assigns. IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to the Original Agreement the day and year first above written. COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its BOARD OF COUNTY COMMISSIONERS / f fy CF fAe y: Jill' H. Ryan, Chairma Attest: * < By: I 0.-d .ORA` . Teak J. Simonton, Clerk to the Boars .l Iv fk- Town of Avon B — �0, -- Y Lj ?7 Virginia Egger, T o Manager !{ 2 Eagle County Am Scope and Comp Final 5/14 1-70 REGIONAL TRANSPORTATION OPERATIONS FACILITY EXHIBIT A-2 LEASE PAYMENT CALCULATION LEASE RATES AND CHARGES Lease payment calculations consist of Capital,Operations and Maintenance ("O&M"), and Asset Management and will be charged as a budget neutral operation. Capital and Asset Management charges will remain fixed for the term of the Agreement. O&M costs will be audited each year and may be subject to change upon written notice by the Town of Avon no later than June1 of any given year,which adjustment shall take effect no sooner that January 1 of the succeeding year. FY 2015 Comments FY 2014 Estimated Projected Annual Cost Annual Costs Utilities $ 33,008 $ 42,816 $28,239 thru 5/27/2014 $5,436/month winter x 6 months=$32,616 $1,700/month summer x 6 months=$10,200 $11,250/year-all of Swift Gulch(60/40 Snow Management $ 6,000 $ 6,750 Transit/Fleet) Pest Control $ 1,020 $ 1,020 Security $ 3,000 $ 3,000 Broadband/Internet/Wi-Fi $ 900 $ - not in use at this time Janitorial Winter-2hrs/day x 4 days/week x 21 weeks x $ 5,200 $ 6,372 $21.82/hr. Summer-2hrs/day x 2 days/week x 31 weeks x $21.82/hr. Coffee Service $ 1,800 $ 1,800 Telephone $ 960 $ 1,925 Copier/Printer Service $ - $ - HVAC Maintenance $ 6,475 Contract signed 4/2014-$12,950 x.50 Total $ 51,888 $ 70,158 $ 244 Local Match(credit$568,843 for residual value funded via &for design contributions: ECO$238,000 &TOA bonds by $146,332 $ 1,289,489 TOA Number of Indoor Stalls 24 TOA's bond interest rate 4.691458% rate duration (years) 40 years #monthly payments 480 months equivalent monthly rate 0.3910% Amortized capital,total $5,957 /month R � ls�.lr.b '# rrl�h! /bsjt►trti Amortized capital, per bus per season $2,978.35 /bus/year HVAC, pavement, misc. Target Asset Replacement Fund $ 550,000 repairs Replacement Frequency 25 years Linear set aside target $ 22,000 per year Local Match Needed 100% total per Local Match AM Set Aside $ 22,000 year Number of Stalls 24 76 /bus/month Capital portion $248 /bus/month O&M portion $244 /bus/month AM portion $ 76 /bus/month Total Monthly $568 /bus/month Total Seasonal $6,816 /bus/year T l 1Y fOr 9 BUSS $61, / � T BUSES SMALLER THAN 32FT. $ 454 FOUR BUSES IN A ROW INSTEAD OF THREE