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26-696

SUBJECT: Approval of Proposed Facility Use Agreement (Parking Agreement) Between the El Capitan Hotel Merced, LLC, and the City of Merced to Lease 59 Parking Spaces in the Ralph Shannon Parcade REPORT IN BRIEF Proposed Agreement to lease 59 parking space in the Ralph Shannon Parcade to the El Capitan Hotel Merced, LLC, at $2,520 per month and $30,240 dollars per year. RECOMMENDATION City Council - Adopt a motion: A. Approving the Facility Use Agreement (Parking Agreement) with the El Capitan Hotel Merced, LLC; and, B. Authorizing the City Manager to execute the necessary documents.

Consent Item Held Introduced August 6, 2026

What this record is

Held by
El Capitan Hotel Merced, LLC
Amount
$30K
Runs until
August 6, 2031 5 years away date calculated from a contract term stated in the attached agreement, not quoted directly
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/Public Finance and Economic Development Authority/Parking Authority
Introduced
August 6, 2026
On agenda
October 5, 2026

Where it was heard

City Council/Public Finance and Economic Development Authority/Parking Authority Oct 5, 2026 continued Pass

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