HomeMy WebLinkAboutMET Transit-4/25/2011AGREEMENT
FOR FUEL BETWEEN
MET TRANSIT
AND THE CITY OF WATERLOO, IOWA
The parties to the Agreement are the City of Waterloo (hereinafter referred to as "City") and the
MET Transit (hereinafter referred to as " MET Transit"). This Agreement is effective from and
after , and shall continue until
WHEREAS, the City and MET Transit are both public agencies, and
WHEREAS, the City and MET Transit desire to support the cooperation and the sharing of
services and personnel for the express intent of benefiting County taxpayers, and
WHEREAS, MET Transit desire to engage the services of the City to provide fuel support to
the MET Transit and the City is willing to provide such services for a fee reflective of City costs
for fuel.
NOW THEREFORE, the parties mutually agree as follows:
1. SCOPE OF CITY SERVICES
The City agrees to provide fuel and fuel cards to MET Transit thus allowing the use of
the City's fuel facility.
2. CHANGES
The City reserves the right to re -negotiate pricing on fuel and fuel surcharge annually at
the beginning of each fiscal year which begins July 1St and ends the following June 30th
of each year. Any changes in this Agreement, including scope of City services or MET
Transit's requirements or modification to the amount of compensation, shall be mutually
agreed upon by the City and MET Transit and incorporated into this written agreement in
the form of an "Addendum".
3. COMPENSATIONS AND PAYMENT METHOD
MET Transit will pay to the City on a monthly basis, $0.04 per gallon of fuel as a fuel
surcharge and it shall be in addition to the price paid to the City for fuel. This fee will
cover overhead, card management and a small part of the preventative maintenance costs
associated with the fuel facility. If it becomes necessary to raise the fuel surcharge, it will
be submitted as an addendum and be mutually agreed upon in writing. The fuel surcharge
will not be more than fees charged to other government agencies.
AGREEMENT FOR FUEL
BETWEEN MET Transit
AND THE CITY OF WATERLOO, IOWA
PAGE 2OF3
4. TERMINATION OF AGREEMENT
This Agreement may be terminated by either party upon at least thirty (30) days written
notice, or per agreement as in Item 5 below "DURATION". In the event of termination,
the City shall be compensated for all fuel and fuel surcharges to termination date,
together with reimbursable expenses then due.
5. DURATION
This Agreement is effective , or upon the latter date of MET Transit and City
signature and will be valid until , if not terminated appropriately by written notice as
in Item 4 above "TERMINATION OF AGREEMENT". The City reserves the right to re-
negotiate pricing on fuel and fuel surcharge rates annually per fiscal year from July 1st
through June 30th of each contract year.
6. SEPARATE ORGANIZATION
No separate organization is formed or contemplated by this Agreement.
7. DISPOSITION OF PROPERTY
The parties do not anticipate that there will be any joint ownership of any property; and if
the Agreement is terminated pursuant to the provisions of Item 4 or 5, each party shall
retain in its control the property that it brought into the Agreement.
AGREEMENT FOR FUEL
BETWEEN MET Transit
AND THE CITY OF WATERLOO, IOWA
PAGE 3 OF 3
IN AGREEMENT WHEREOF:
The City and MET Transit will execute and deliver this Agreement on the date last written
below.
CITY OF WATERLOO, IOWA
Ats/
Buck Clark, Mayor
By:
Date:
Al .LEST:
c
Suzy SOh es, City Clerk
MET Transit
By:
Date:
ATTEST: