NICE RIDE MINNESOTA

IN 2022, NICE RIDE MINNESOTA'S PRIMARY PROGRAM WAS OVERSIGHT OF A PUBLIC BIKE SHARING SYSTEM, WHICH CREATES A SIMPLE, LOW-COST ALTERNATIVE TRANSPORTATION SOLUTION TO INCREASE PHYSICAL ACTIVITY LEVELS, REDUCE CONGESTION, REDUCE DEPENDENCE ON FOSSIL FUELS AND AUTO EMISSIONS, AND ENHANCE URBAN VITALITY. THE SYSTEM COMPLEMENTED PUBLIC TRANSIT AND CAR-SHARING PROGRAMS, PROVIDING GREATER TRANSPORTATION CHOICES. PRIOR TO JULY 2, 2018, NICE RIDE MINNESOTA OWNED AND OPERATED THE SYSTEM, WHICH INCLUDED 201 STATIONS AND 1,850 BICYCLES. IN 2018, NICE RIDE MINNESOTA BEGAN A TRANSITION. DURING THE TRANSITION PERIOD (UNTIL THE END OF OUR GRANT-FUNDED CONTRACT WITH THE CITY OF MINNEAPOLIS IN AUGUST 2021), NICE RIDE REMAINED THE EXCLUSIVE LICENSEE OF CITY OF MINNEAPOLIS AND WAS AUTHORIZED TO CONTRACT WITH MOTIVATE MINNESOTA LLC (SELECTED THROUGH A PUBLIC SOLICITATION) TO OPERATE THE SYSTEM. MOTIVATE MINNESOTA LLC SUBSEQUENTLY MERGED INTO LYFT BIKES & SCOOTERS. THROUGH OVERSIGHT OF THIS CONTRACT, NICE RIDE MINNESOTA MET OBJECTIVES FOR QUALITY, RELIABILITY, EQUITY, AND ORDER IN THE RIGHT-OF-WAY AS SET FORTH IN THE 2018 UPDATE TO NONPROFIT BUSINESS PLAN. LYFT ALSO DELIVERED A SUBSTANTIAL E-BIKE EXPANSION PURSUANT TO A MASTER PLANNING PROCESS. BECAUSE NICE RIDE MINNESOTA NO LONGER EMPLOYED AN OPERATIONS STAFF OR RAISED FUNDS TO PURCHASE NEW EQUIPMENT, THIS TRANSITION HAD A MAJOR IMPACT ON OUR FINANCIAL STATEMENTS. UNTIL SPRING OF 2023, NICE RIDE MINNESOTA CONTINUED TO OWN THE OLD GRANT-FUNDED EQUIPMENT. REVENUE FROM THAT EQUIPMENT AND THE OPERATING FEE FOR THAT SYSTEM ARE REFLECTED IN NICE RIDE MINNESOTA'S FINANCIALS. ANCILLARY TO THIS OVERSIGHT WORK, NICE RIDE ENGAGED IN ADVOCACY, SEEKING TO SHARE THE RESULTS OF ITS TRANSITION AGREEMENTS WITH OTHER CITIES AND NONPROFITS AS AN EXAMPLE AND TO ADVOCATE FOR JOINT ACTION BY RIGHT OF WAY OWNERS TO CONTRACT WITH PRIVATELY-FUNDED SHARED MOBILITY SERVICES IN WAYS THAT WILL ACHIEVE PUBLIC GOALS. FOR MORE INFORMATION AND COPIES OF OUR UPDATED BUSINESS PLAN AND CONTRACTS, SEE: HTTPS://MANAGESHAREDMOBILITYMN.ORG/HISTORY.THE GRANT-FUNDED AGREEMENTS THAT FUNDED NICE RIDE MINNESOTA EXPIRED IN 2021, MARKING THE END OF THE TWELVE-YEAR PILOT PROJECT. LYFT BIKES & SCOOTERS LLC WAS A DIRECT LICENSEE OF THE CITY OF MINNEAPOLIS IN 2022 AND OPERATED OUR AGING GRANT-FUNDED EQUIPMENT FOR US PURSUANT TO A PROGRAM AGREEMENT.