Resolution approving the 10th Amendment to the contract between the Municipal Transportation Agency and TEGSCO, LLC, for services related to the towing, storage, and disposal of abandoned and illegally parked vehicles, to increase the contract amount by $22,100,000 for a total contract amount not to exceed $158,800,000; and to extend the contract term by nine months with up to six additional one-month extensions, for a potential new term of April 1, 2016, through June 30, 2027, effective upon approval of this Resolution.

The Board approved the original contract with TEGSCO, LLC for towing services, establishing a five-year term with a budget of $65.4 million.

The Board approved the third amendment to extend the contract for five additional years and increase the budget by $22.8 million to a total of $88.2 million.

The Board approved the ninth amendment, increasing the contract amount by $15.3 million to a total of $136.7 million to fund the balance of the contract term through March 2026.

Caltrans imposed new insurance requirements for the primary storage facility, increasing liability coverage from $5 million to $20 million.

The SFMTA and TEGSCO amended the license agreement for the 7th Street site to incorporate the new insurance terms, with TEGSCO responsible for the increased coverage costs.

The SFMTA requested approval for the Tenth Amendment to increase the contract amount by $22.1 million and extend the term by nine months, allowing time for a new competitive solicitation process.

The Board adopted the Tenth Amendment, increasing the contract amount to $158.8 million and extending the contract term through June 30, 2027.