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EDC approves Peak.com/Stripe setup for C3 trolley bookings; staff to study operating costs

5393569 · July 16, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The board approved contracting with Peak.com and creating a Stripe account to accept online payments for the Lehi C3 trolley tour, and asked staff to produce a cost analysis of operating the trolley.

The Rio Grande City Economic Development Corporation approved moving forward with a Peak.com booking platform and the related Stripe payment account for the Lehi C3 trolley tour. Staff explained Peak.com requires a Stripe account for payment processing and that Peak charges a 6% commission plus credit-card processing fees. Staff recommended passing transaction fees to customers, noting an example that a $10 ticket could yield roughly $0.94 to $1.23 in additional fees if passed through rather than absorbed. The board approved executing the vendor arrangement and directed staff to return with the associated bank-account paperwork at the next meeting. Board members asked staff to do a cost analysis of operating the trolley (driver, guide, fuel and other operating costs) to determine whether the $10 ticket price covers expenses or whether a higher per-ticket price or a different fee structure is appropriate. Staff said no formal study existed yet but committed to prepare an operating-cost analysis and to present the new checking-account setup for approval at a subsequent meeting.