Agreement Between

City of Portland

Office of Transportation

And

The State of Oregon, acting by and through

The State Board of Higher Education,

on behalf of Portland State University

This Agreement is entered between The City of Portland Office of Transportation (City) and The State of Oregon, acting by and through the State Board of Higher Education, on behalf of Portland State University (PSU), for the purpose of selling the Smart Meter Parking Card on the PSU campus

Whereas the City and PSU desire to enter into a partnership agreement to sell the Smart Meter Parking Cards to PSU faculty, staff, students, and the general public; and

Whereas the City and PSU have statutory or other authority to enter into this Agreement;

Now, therefore, the parties hereto agree as follows:

1.  Project Description

The City’s Smart Meter Parking Card sales at PSU shall be managed on the PSU campus by PSU Transportation and Parking Services.

2.  Term

The agreement shall be in effect from May 1, 2003 through June 30, 2005, and may be renewed upon mutual written consent of both parties.

3.  Payment for Smart Cards

A. PSU Transportation and Parking Services shall account for all cards provided by the City, and shall keep complete records of all smart card sales.

B. PSU Transportation and Parking Services will provide a report and will account for all

revenue collected from the sale of smart cards.

4.  Remuneration

PSU Transportation and Parking Services will start with a purchase of 28 smart cards (10-$10.00, 10-$20.00, 4-$30.00, and 4-$40.00) totaling $580.00 at the price of $566.00 with a marketing incentive of .50¢ per card in exchange for services rendered by PSU. More cards may be purchased as needed from the City.

5. Authority

The representatives signing on behalf of both parties certify that the party for which they sign, to bind the party to this agreement, duly authorizes them to do so.

City of Portland Office of Transportation Portland State University

By: By:

Date: Date: