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Subject: Communication from the Transit and Parking System Manager regarding providing Representatives of ABM Parking Services Incorporated an opportunity to review their proposal regarding the proposed Parking Ramp Revenue Equipment Replacement and 24 Hour Ramp Management Contract. (Res. No. 14-0212)
Recommendation of the Parking & Transit Commission 4-30-14: Recommends awarding a contract for a seven year lease of state-of-the art Parking Utility revenue control equipment and a professional management contract with 24/7 support services for the Gaslight, Lake, Shoop and Civic Center parking Ramps and Surface Lakefront Lot No.5 with ABM Parking Services and recommends that the City Finance and Personnel Committee and Common Council authorize entering into a contract with ABM Parking Services as the result of a Request for Proposals process and negotiations begun in July of last year.
Recommendation of the Finance & Personnel Committee on 5-12-14: Recommends awarding a contract for a seven year lease of state-of-the art Parking Utility revenue control equipment and a professional management contract with 24/7 support services for the Gaslight, Lake, Shoop and Civic Center parking Ramps and Surface Lakefront Lot No.5 with ABM Parking Services.
Fiscal Notes: The Parking Utility is self supporting and no general fund contributions are required. Funding for the first year of the lease and management contract have been approved in Account 106.993.5760 (2013 Credit Card system-wide upgrade). The Parking Utility retains ownership of the equipment at the end of the lease. Benefits in reduced regular and overtime staff costs, lost revenue recovery and improved downtown parking operations are expected to range between $177,790 and $320,312 over the seven year period.