LYNX Board Agenda April 2026
Private-Property License for New Shelter Near UCF
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Description
The Board will authorize a Transit Station License Agreement with TGA SMI Verve Orlando, LLC to place a LYNX bus shelter and amenities at northbound Alafaya Trail and Science Drive. The 10‑year license secures long‑term access on private property while LYNX retains ownership and maintenance responsibilities.
Contract Details
Vendor
TGA SMI VERVE ORLANDO LLC
Agency
Central Florida Regional Transportation Authority, FL
Contract Type
FACILITIES
Document Date
April 23, 2026
Contract Term
Ten (10) years from execution with automatic yearly renewals thereafter, subject to termination provisions
Renewal Info
Initial 10‑year term with automatic annual renewals; LYNX may terminate with 90 days’ notice and the property owner with 180 days’ notice, with reimbursement of remaining asset depreciation if early termination is requested by the owner.
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APPROVEDIssuing Agency
Central Florida Regional Transportation Authority
Special District
Orlando, FL
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