City Council

Item S502:\nContract Extension with Ace Parking for Balboa Park Tram Services. (Added\n10/31/25)\nThis item will be considered in the morning session which is scheduled to begin at\n10:00 a.m.\nTotal Estimated Cost of Proposed Action and Funding Source:\nThis amendment increases the not-to-exceed amount of the original agreement by\n$2,800,000 for an additional two-year period through December 19, 2027, for a total\ncontract amount of $6,128,500. The General Fund and Transient Occupancy Tax Fund\nwill be used as funding sources, though this will be supplemented with another fund that\nwill eventually be created exclusively for Balboa Park improvements, once the parking\nrevenue materializes.\nCouncil District(s) Affected: Citywide.\nProposed Actions:\n(O-2026-41)\nIntroduction of an Ordinance authorizing the Mayor, or his designee, to execute a Second\nAmendment to the Contract with Ace Parking III, LLC, to allow the City to use the\nContract beyond five years, through December 19, 2027, increase the total not-to-exceed\namount of the Contract by $2,800,000 for a new total not-to-exceed amount of\n$6,128,500, and modify the Contract pursuant to the terms and conditions contained in the\nSecond Amendment to the Contract, for Balboa Park Tram Services.\n6 votes required pursuant to Charter Section 99.\nCommittee Actions Taken: N/A\nParks & Recreation: Jon Richards, (619) 235-5992\nCity Attorney Contact: Nicole Pedone