23-1164
Recommendation to adopt resolution authorizing City Manager, or designee, to execute a contract, and any necessary documents including any necessary subsequent amendments, with Flash Parking, Inc., of Austin, TX, for parking access revenue control systems, at the Pike Outlet and Aquarium of the Pacific garages, on the same terms and conditions afforded to Texas Region 14 Education Service Center (Region 14 ESC), through Omnia Partners, in a total amount of $1,835,359, with a 20 percent contingency in the amount of $367,072, for a total contract amount not to exceed $2,202,431, until the Omnia Partners contract expires on July 31, 2024, with the option to renew for as long as the Omnia Partners contract is in effect, at the discretion of the City Manager; and Authorize City Manager, or designee, to execute a lease-purchase agreement and related financing documents with Banc of America Public Capital Corp, of San Francisco, CA, for the financing of parking access revenue control systems, payable over an 8-year period at an interest rate to be determined when the agreement is executed. (Citywide)
What this record is
- Held by
- Flash Parking, Inc
- Amount
- $2.20M
- Runs until
- July 31, 2024 already ended date quoted from the award document
- Type
- contract
- Field
- Real estate
real estate contracts in CA that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- City Council
- Introduced
- September 22, 2023
- On agenda
- October 10, 2023
- Passed
- October 10, 2023
- Enactment no.
- RES-23-0150
Where it was heard
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