Title
Authorization to Enter into a License for Short-Term Parking at 39 W. Cypress St. (Ordinance S-48844)
Description
Request to authorize the City Manager, or his designee, to enter into a short-term license with MBC Properties No. 1 LLC, its successors and/or assigns, for parking at 39 W. Cypress St. Further request to authorize the City Controller to disburse all funds related to this item.
Report
Summary
Additional parking is needed for approximately three weeks for maintenance and repair work at the City’s Family Advocacy Center parking garage located on Central Avenue. Half of the garage will be closed during this time to replace the pads and caulking between the lower and upper levels, and the city-owned overflow parking is too small to accommodate the parking needs.
The short-term license for 30 non-designated parking spaces will be for a three-week period and may be extended on a week-to-week basis, as needed, not to exceed six-months. The license fee is $900, plus applicable taxes, for the three-week term, and will be prorated at $300 per week for each additional week, if extended. The fee for this license will be paid from reserves set aside for maintenance and capital improvements within the property management operating expense account, managed by Plaza Companies. The license fee is within the range of market rates as determined by the Real Estate Division.
Contract Term
The term is three weeks and may be extended on a week-to-week basis, as needed, not to exceed six-months.
Financial Impact
Funding for this license is available in the property management operating expense account managed by Plaza Companies.
Location
39 W. Cypress St.
Council District: 4
Department
Responsible Department
This item is submitted by City Manager Jeffrey Barton, Deputy City Manager, Gina Montes and the Human Services and Finance departments.