LYNX Finance & Audit Committee Agenda April 2026
New UCF-Area Shelter License with Verve Orlando
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Description
LYNX is entering a 10-year Transit Station License Agreement with TGA SMI Verve Orlando, LLC to install a bus shelter and associated amenities near the University of Central Florida. The agreement includes automatic annual renewals, defined termination rights, and depreciation cost recovery if the owner seeks early removal.
Contract Details
Vendor
TGA SMI VERVE ORLANDO LLC
Agency
Central Florida Regional Transportation Authority, FL
Contract Type
FACILITIES
Document Date
April 16, 2026
Contract Term
10 years from March 2026, with automatic 1-year renewals
Renewal Date
2036-03-24
Renewal Info
Initial 10-year term from March 2026 with automatic yearly renewals; LYNX may terminate with 90 days’ notice and Licensor with 180 days’ notice, with depreciation reimbursement for early removal.
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APPROVEDLYNX Oversight Committee Agenda April 2026
PENDINGIssuing Agency
Central Florida Regional Transportation Authority
Special District
Orlando, FL
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