Resolution No.
PARKING AUTHORITY OF THE CITY OF STOCKTON
RESOLUTION AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE AN AGREEMENT WITH FLASHPARKING, INC., TO PROVIDE A PARKING ACCESS AND REVENUE CONTROL SYSTEM TO FIVE PARKING FACILITIES The Stockton Public Financing Authority previously approved Resolution No. PFA 2019-12-17-1501 which authorized the issuance and sale of Parking Authority Revenue Bonds; and The new bonds generated savings of approximately $3 million, which was allocated to the Parking Authority to fund capital projects such as the installment of a new revenue control system for five (5) downtown parking garages; and The Parking Authority issued an RFP on September 9, 2021, with the intent to identify a qualified contractor with the experience to install a new revenue control system; and FlashParking, Inc., was selected as the best candidate to install a new revenue control system in the downtown parking garages; and With the savings generated by the issuance of the Parking Authority Revenue Bonds, as previously described, the Parking Authority wishes to contract with FlashParking, Inc., to install a new revenue control system in the downtown parking garages and; now, therefore, BE IT RESOLVED BY THE BOARD OF THE PARKING AUTHORITY OF THE CITY OF STOCKTON, AS FOLLOWS:
Authorizing the Executive Director, or designee, to execute an agreement with FlashParking, Inc. (FLASH) in the amount of $1,799,990, to provide a Parking Access and Revenue Control System (PARCS) to five (5) parking facilities located in downtown Stockton (Exhibit 1). //
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Authorizing the Executive Director, or designee, to take whatever actions are necessary and appropriate to carry out the purpose and intent of this Resolution.
PASSED, APPROVED, and ADOPTED July 26, 2022 .
KEVIN J. LINCOLN II
Chairperson of the Parking Authority Board
ATTEST:
ELIZA R. GARZA, CMC
Secretary of the Parking Authority of the Board