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<br />203193300.19 B-1 <br /> <br />Appendix B <br /> <br />Cost of Equipment <br /> <br />PENINSULA PILOT CITIES: <br /> <br />• Cost to upgrade AD Equipment: $12.50 per Dock per month, subject to PPI Adjustment. <br /> <br />• Cost to purchase new Equipment: As set forth in the New Equipment Price Schedule below. <br />The prices set forth in such schedule are subject to PPI Adjustment. <br /> <br />• Cost to install new Equipment (including site planning and drawings): $4,000 per Station, <br />subject to CPI Adjustment <br /> <br />• Cost to operate and maintain the Equipment: $100 per Dock per month, subject to CPI <br />Adjustment, and subject to the following reductions: <br /> <br />(i) Cost to operate and maintain will be reduced to $75 per Dock per month, subject to <br />CPI Adjustment, during any 12-month period in which there is an average of 1 Trip <br />per Bicycle per day for the entire Bicycle Fleet in such Peninsula Pilot City (subject <br />to Bicycle Availability) <br /> <br />(ii) Cost to operate and maintain will be reduced to $50 per Dock per month, subject to <br />CPI Adjustment, during any 12-month period in which there is an average of 1.5 <br />Trips per Bicycle per day for the entire Bicycle Fleet in such Peninsula Pilot City <br />(subject to Bicycle Availability) <br /> <br />(iii) Cost is reduced to $0 per dock, adjusted by CPI, if an average of 3 rides per bike <br />per day citywide occurs for a 12 month period <br /> <br /> <br />OTHER ELIGIBLE CITIES: <br /> <br />• Cost to purchase new Equipment: As set forth in the New Equipment Price Schedule below. <br />The prices set forth in such schedule are subject to PPI Adjustment. <br /> <br />• Cost to install new Equipment (including site planning and drawings): $4,000 per Station, <br />subject to CPI Adjustment <br /> <br />• Cost to operate and maintain the Equipment: $130 per Dock per month, subject to CPI <br />Adjustment, and subject to the following reductions: <br /> <br />(i) Cost to operate and maintain will be reduced to $97.50 per Dock per month, subject <br />to CPI Adjustment, during any 12-month period in which there is an average of 1 <br />Trip per Bicycle per day for the entire Bicycle Fleet in such Eligible City (subject <br />to Bicycle Availability)