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HomeMy WebLinkAbout07-273 DATE SUBMITTED: November 5, 2007 BILL # 07- J-73 AGENDA BILL CITY OF BREMERTON CITY COUNCIL ....a....a.............a........m.....................................................B...., SUBJECT: Parking Agreement with the Doctors Clinic Committee Meeting Date: November 14,2007 COUNCIL MEETING Date: November 28, 2007 Department: Finance Presenter: Carol Etgen Phone: 473-5323 SUMMARY: The City contracted with the Doctors Clinic to provide parking spaces in the City's parking garage at 451 Washington Street in 1997. The.origina1 contract has expired, and the Doctors Clinic has requested the agreement be renegotiated. They have agreed to pay current market rate less 25% per space (currently $71.25 per space) for 75 spaces. The contract is for a five-year period. ATTACHMENTS: Parking Agreement. FISCAL IMPACTS (Include Budgeted Amount): $5,343.75 in parking revenue annually and adjusted with Market Rate changes when implemented by the City. Due to the current parking garage capacity it is to the City's benefit to lock in the revenue for these spaces at the discounted price. APPROVALS: DEP ARTMENT DIRECTOR: CITY ATTORNEY: FINANCE DIRECTOR: MAYOR: COMMITTEE CHAIR COUNCIL PRESIDENT: ~4~ - ... . / ' CONSENT AGENDA ~ GENERAL BUSINESS 0 PUBLIC HEARING 0 RECOMMENDED MOTION: Move to approve the Parking Agreement with the Doctors Clinic for 75 parking spaces in the City's parking garage at 451 Washington Street~ and authorize the Mayor to finalize and execute the agreement with substantially the same terms and conditions as presented. COUNCIL ACTION: ~ Approve 0 Deny 0 Table o Continue 0 No Action