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
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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
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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