City Council

29. 23-1164 Recommendation to adopt resolution authorizing City Manager, or\ndesignee, to execute a contract, and any necessary documents including\nany necessary subsequent amendments, with Flash Parking, Inc., of\nAustin, TX, for parking access revenue control systems, at the Pike Outlet\nand Aquarium of the Pacific garages, on the same terms and conditions\nafforded to Texas Region 14 Education Service Center (Region 14 ESC),\nthrough Omnia Partners, in a total amount of $1,835,359, with a 20\npercent contingency in the amount of $367,072, for a total contract\namount not to exceed $2,202,431, until the Omnia Partners contract\nexpires on July 31, 2024, with the option to renew for as long as the Omnia\nPartners contract is in effect, at the discretion of the City Manager; and\nAuthorize City Manager, or designee, to execute a lease-purchase\nagreement and related financing documents with Banc of America Public\nCapital Corp, of San Francisco, CA, for the financing of parking access\nrevenue control systems, payable over an 8-year period at an interest rate\nto be determined when the agreement is executed. (Citywide)\nOffice or Department: PUBLIC WORKS\nSuggested Action: Approve recommendation.\nORDINANCE: