SUBJECT: Approval of Proposed Facility Use Agreement (Parking Agreement) Between the El Capitan Hotel Merced, LLC, and the City of Merced to Lease 60 Parking Spaces in the Ralph Shannon Parcade REPORT IN BRIEF Proposed Agreement to lease 60 parking space in the Ralph Shannon Parcade to the El Capitan Hotel Merced, LLC, at $50 for each covered parking space and $35 for each non-covered parking space. RECOMMENDATION City Council - Adopt a motion approving the Facility Use Agreement (Parking Agreement) with the El Capitan Hotel Merced, LLC and authorizing the City Manager or the Assistant City Manager to execute the necessary documents.

Consent Item Passed Introduced April 30, 2019

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Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Introduced: April 30, 2019
On agenda: May 6, 2019
Passed: May 6, 2019