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1 RiversideCA.gov
1 RiversideCA.gov
FIRST AMENDMENT FOR PARKING
MANAGEMENT SERVICES
City Council
March 12, 2024
Public Works
RiversideCA.gov
2 • March 4, 2021 - RFP No. 2083 Parking
Management Services was
published to manage and maintain
the downtown parking operation.
• December
7, 2021 – City Council
awarded RFP No. 2083 to Parking
Concepts Inc.
BACKGROUND
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3 • January 1, 2022 – Parking Concept Inc. started
managing the downtown parking operation
– Unbudgeted funds spent to address sub-standard
SOPs
• April 18, 2023 – City Council approved the
Parking Your Way rates and hours of operation
– Unbudgeted funds spent preparing for Parking Your
Way
DISCUSSION
RiversideCA.gov
4 • From July 1, 2023 through December 31, 2023
additional operating expenses were incurred due to:
– 24/7 operations (staffing, uniforms, consumables, etc.) – Weekly and Monthly garage power washing
– Higher volume of credit card transaction fees
– Increase in tech-user fees (Park Riverside app, Park Mobile app, IPS pay stations, TEZ billing software)
– FOL increased operating expenses due to staffing levels
DISCUSSION
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3 RiversideCA.gov
5 Operating Expenses and Compensation Balance for PCI Contract
DISCUSSION
RiversideCA.gov
6 Gross Revenue, Operating Expense and Net Operating Income with PCI
DISCUSSION
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4 RiversideCA.gov
7 Strategic Priority 6 – Infrastructure, Mobility, and Connectivity Goal 6.2 – Maintain, protect, and improve assets and
infrastructure within the City’s built environment to ensure and enhance reliability, resiliency, sustainability, and facilitate connectivity.
Cross-Cutting Threads
STRATEGIC PLAN ALIGNMENT
RiversideCA.gov
8 Total Contract Cost by Fiscal Year for Parking Management Services with PCI
FISCAL IMPACT
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9 That the City Council:
1. Approve the First Amendment to Agreement for parking management services of the downtown parking facilities with Parking Concepts, Inc., for a three-year period, in the amount of $7,847,152 for a total contract amount of $11,890,106; and
2. Authorize change order authority up to 10% or $1,189,011 for a total amount of $13,079,116 for additional maintenance and services due to unforeseen conditions; and
RECOMMENDATIONS
RiversideCA.gov
10 3. With at least five affirmative votes, authorize the Chief Financial Officer or designee, to record a supplemental appropriation in the amount of $1,218,208 from the Public Parking (570) Fund Balance to the Parking Management Services expenditure account; and
4. Authorize the City Manager, or designee, to execute the agreement with Parking Concepts, Inc., including making minor and non-substantive changes.
RECOMMENDATIONS
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