Title
City Commission Authorization to Pursue Competitive Process for City Parking Lot #2 (B)
This is a request for the City Commission to authorize staff to develop a competitive process for City Parking Lot #2 that would result in a Licensing Agreement for Parking Spaces associated with stimulating redevelopment.
Explanation
City Parking Lot #2 is located on NW 2nd Avenue and is currently utilized to accommodate City employee parking needs. In addition, a portion of Parking Lot # 2 is metered as well. Parking Lot # 2 is currently underutilized particularly during the week and regular office hours.
Staff is seeking authorization from the City Commission to pursue a competitive process to allow for the licensing of City Parking Lot # 2. This would be designed to stimulate urban redevelopment in the general area.
It is anticipated that the competitive process would be developed and executed upon in the first quarter of calendar year 2016.
Fiscal Note
A standard License for Parking Spaces Agreement would be entered into by a selected participant in the competitive process and business terms and fiscal impacts would be reviewed with the City Commission at the appropriate time.
Recommendation
The City Commission authorize staff to develop and pursue a competitive process for the licensing of parking spaces in City Parking Lot #2.