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HomeMy WebLinkAbout1997-070 Addendum - RVTD Fares ADDENDUM TO CITY OF ASHLAND RV'!'D/ASHLAND FARE REDUCTION PROGRAM AGREEMENT Addendum made July 1, 1997, between Rogue Valley Transportation District (RVTD) and the City of Ashland (City). Recitals: A. On July 1, 1995, City and RVTD entered into a "RVTD/ASHLAND FARE REDUCTION PROGRAM AGREEMENT" (further referred to in this addendum as "the agreement"). B. The parties desire to amend the agreement to extend its term. City and RVTD agree to amend the agreement in the following manner: 1. Paragraph 1.1 of the agreement is amended to read: "The program will begin on July 1, 1997, and will be completed effective June 30, 1998." 2. Paragraph 2 of the agreement is amended to read: "Consideration. The City will pay to RVTD the sum of $100,000, as its contribution to the program, which sum shall be paid as follows: 2.1. $25,000 on the execution of this addendum by City. 2.2. $25,000 on October 1, 1997. 2.3. $25,000 on January 1, 1998. 2.4. $25,000 on April 1, 1998." 3. Except as modified above the terms of the agreement shall remain in full force and effect. Its CITY OF ASHLAND / City Administrator REVIEWED AS TO nepartmP. nt He~d Date Coding (for ci~ use only) PAGE i-ADDENDUM