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RESOLUTION NO. R2008-58 <br /> RESOLUTION EXERCISING FINAL OPTION YEAR <br /> OF THE TRANSIT MANAGEMENT AGREEMENT <br /> FIRST TRANSIT, INC. <br /> WHEREAS, the City and First Transit, Inc., entered into an Agreement for transit <br /> management services, effective as of July 1, 2004, with an expiration date of June 30, 2007; and <br /> WHEREAS, the Agreement specifies that "This Agreement may be extended at the sole <br /> discretion of the City for two (2) additional one (1) year terms (option years)", of which the final <br /> option year would run from July 1, 2008, through June 30, 2009; and <br /> WHEREAS, the Agreement states that the management fee to be paid to First Transit, <br /> Inc., for services rendered in the final option year shall be $106,020; and <br /> WHEREAS, the City and First Transit, Inc., desire to extend the term of the Agreement <br /> to June 30, 2009. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, <br /> ILLINOIS: <br /> Section 1. That the City of Decatur hereby exercises its option to extend the term of the <br /> Agreement between the City and First Transit, Inc., for one (1) year, and the Agreement shall <br /> have an expiration date of June 30, 2009. <br /> PRF,SEN1'F,D AND ADOPTED this 21 ST day of April, 2008. <br /> � � <br /> �'.,G�,� t.�. <br /> PAUL OSBORNE <br /> MAYOR <br /> ATTEST: <br /> ; <br /> . <br /> � (.�\ _ «f��-�0 <br /> CELESTE F. HARRIS <br /> CITY CLERK <br />