TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Christopher Cash, Public Works Director
1. SUBJECT
title
Agreement with ACE Parking III, LLC for Paid Parking Implementation, Enforcement, and Management Services in the Orange Plaza area, specifically the Old Towne Commercial Core.
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2. SUMMARY
A three-year agreement with ACE Parking III, LLC to provide implementation, enforcement, and management services for the Paid Parking Program in the Orange Plaza area. The total amount of the agreement is $1,824,457 with an initial annual amount of $813,895, which includes a 25% contingency. This agreement includes the option for a two-year extension which would be brought before the City Council at the expiration of the initial term. Based on projections, the year-one revenue from this program is estimated to exceed the initial annual cost, and the projected revenue is expected to sustain the program moving forward.
3. RECOMMENDED ACTION
recommendation
Approve the agreement with ACE Parking III, LLC in the amount of $1,824,457 for Paid Parking Implementation, Enforcement, and Management Services in the Orange Plaza area, specifically the Old Towne Commercial Core; and authorize the Mayor and City Clerk to execute on behalf of the City.
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4. FISCAL IMPACT
The expense for this agreement is $813,895 and will be funded from unspent salaries and benefits in the General Fund (100):
100.5001.51670.55091 Other Prof & Consulting Servs-Old Towne
This agreement is for three years totaling $1,824,457, payable in annual installments. Future installments will be requested in conjunction with the annual operating budget.
5. STRATEGIC PLAN GOALS
Goal 5: Improve Infrastructure, Mobility, and Technology
6. DISCUSSION AND BACKGROUND
In August 2022, the City commissioned the Old Towne Parking study, which evaluated parking inventory and occupancy on the streets and 14 city parking lots (including the Old Towne West Struc...
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