City Council

Item 100:\nContract with IPS Group, Inc for Parking Meters and Related Services.\nTotal Estimated Cost of Proposed Action and Funding Source:\nThe not-to-exceed (NTE) amount for the initial five (5) year period is $10,122,550. The\ncontract may be extended, at the City’s sole discretion, for up to five (5) additional one (1)\nyear period(s) for a total contract term of up to ten (10) years with a total NTE amount of\n$17,048,600.\nThe expenditure estimate for Fiscal Year 2026 is $5,367,710. Spending is contingent on\nCFO approval and adoption of the appropriations for each fiscal year covered under this\ncontract. (Rev. 7/24/25)\nCouncil District(s) Affected: Citywide.\nProposed Actions:\n(R-2026-29)\nResolution authorizing the Mayor, or his designee, to enter into an Agreement with IPS\nGroup, Inc., in an amount not-to-exceed $10,122,550, for Parking Meters and Related\nServices.\nCommittee Actions Taken:\nThis item was heard at the Budget and Government Efficiency Committee meeting on\nJuly 16, 2025.\nACTION: Motion by Councilmember Elo-Rivera, second by Vice Chair Moreno, to\nrecommend Council approval of staff’s proposed actions.\nVOTE: 4-0; Foster III-yea, Moreno-yea, Lee-yea, Elo-Rivera-yea.\nOffice of the City Treasurer: Bethany Nocon, (619) 235-5734\nCity Attorney Contact: David Powell