The City of Tucson has entered into a non-exclusive agreement with Blink N.A., LLC to provide electric vehicle charging services at various locations within the city. The agreement has a term of five years, with the option to renew for subsequent five-year terms. Blink N.A., LLC will install, maintain, and operate the charging equipment, and the City of Tucson will pay for the electricity used. The company will also provide revenue sharing, with the city receiving 40% of the net profits generated by the equipment. The agreement includes provisions for maintenance, repair, and removal of the equipment, as well as indemnification and insurance requirements. Some key points of the agreement include:
* The City of Tucson may contract with other entities to install, maintain, service, or operate electric vehicle charging equipment during the term of the agreement.
* Blink N.A., LLC will bear all costs associated with the service and maintenance of the equipment.
* The City of Tucson will pay all electricity costs generated from the use of the equipment.
* The agreement includes a revenue sharing provision, with the City of Tucson receiving 40% of the net profits generated by the equipment.
* The company will provide technical service support personnel to service the equipment in a commercially reasonable manner.
* The agreement includes provisions for relocation and removal of the equipment, as well as advertising and promotional activities.