RE: Contract Amendment – Bay Area Bikeshare Program Agreement: Bay Area Motivate, LLCBay Area Bikeshare Program Agreement • October 5th, 2016
This memorandum asks for Committee approval of a contract amendment with Bay Area Motivate, LLC (“Motivate”) to modify certain terms of the Bay Area Bikeshare Program Agreement according to the revised Term Sheet, attached as Attachment A, Term Sheet (revised October 2016). These modifications, described in full detail below, will allow Motivate to secure stronger financing for successful operation of the program, modify the program implementation schedule, expand the low- income equity program, plan for additional community engagement, and provide terms for Motivate to operate smart-bike systems integrated in the region at a reduced rate.
