Title
Parking Management Services (Ordinance S-49010)
Description
Request to authorize the City Manager, or his designee, to allow additional expenditures under Contract 144250 with Ace Parking Management, Inc. to provide parking management services for the 100 West properties parking structures. Further request authorization for the City Treasurer to accept, and for the City Controller to disburse all funds related to this item over the life of the contract term. The additional expenditures will not exceed $1,200,000.
Report
Summary
In October 2021, the City of Phoenix purchased the former Wells Fargo downtown properties, including a 27-story office tower and two parking structures. The assets are primarily located at 100 W. Washington St. and 303 N. 2nd Ave. Since that time, the parking structures have been managed through the services of Jones Lang LaSalle America, Inc. (JLL). The Phoenix Convention Center Department is responsible for the management and operations of the City's downtown parking facilities and recommends transitioning the management of the parking operations from the JLL contract to an existing contract with Ace Parking Management, Inc. This transition will allow for greater operating efficiencies, create continuity of operations, and will be cost neutral to the city.
Contract Term
The contract term remains unchanged through June 30, 2024.
Financial Impact
Upon approval of $1,200,000 in additional funds, the revised aggregate value of the contract will not exceed $6,833,880. Funds are available in the Phoenix Convention Center Department operating budget.
Concurrence/Previous Council Action
The City Council previously reviewed this request:
Ace Parking Management, Inc. Contract 144250 (Ordinance S-43023) on Nov. 30, 2016
Location
Plaza Garage - 100 W. Washington St.
2nd Avenue Garage - 303 N. 2nd Ave.
Council District: 7
Department
Responsible Department
This item is submitted by Deputy City Manager Inger Erickson and the Phoenix Convention Center Department.