Title
RESOLUTION AUTHORIZING A PARKING MANAGEMENT AGREEMENT WITH INTERSTATE PARKING COMPANY OF MINNESOTA LLC FOR PARKING MANAGEMENT SERVICES RELATED TO THE 410 WEST 1ST STREET PUBLIC PARKING RAMP.
Body
CITY PROPOSAL:
RESOLVED, that the proper city officials are hereby authorized to execute an agreement, substantially in the form of that attached, with Interstate Parking Company of Minnesota LLC for parking management services related to the 410 West 1st Street public parking ramp at an annual fee of $14,400, payable from fund 506-015-5307 (W Superior St parking facility, public administration, admin/management services).
.
Statement of Purpose
STATEMENT OF PURPOSE: This resolution authorizes an agreement with Interstate Parking Company of Minnesota LLC for parking management services for an annual fee of $14,400. The term of the agreement is for three years with the potential for two additional one-year terms. The city desires to contract with a professional parking management firm to operate, maintain, and market the 410 West 1st Street Public Parking Ramp while providing first-class service to customers and area stakeholders.