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5B2 Budget Request (Parking Garage) Memo
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5B2 Budget Request (Parking Garage) Memo
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South Bend Redevelopment Commission <br />227 West Jefferson Boulevard, Room 1308, South Bend, Indiana <br />Redevelopment Commission Agenda Item <br />D ATE : 10/4/2024 <br />FROM: Joseph Molnar, Assistant Director of Growth and <br />Opportunity <br />SUBJECT: Budget Request – Parking Garage Equipment <br />Funding Source* (circle) River West; River East; South Side; Douglas Road; West Washington; RDC General; Riv. East Res. <br />* Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller, then the <br />authorization of the expenditure of such funds shall be void and of no effect. <br />PURPOSE OF REQUEST: Budget Request for $120,000 for installation of Parking Garage Equipment at the <br />Main/Wayne Parking Garage <br />SPECIFICS: On June 13, 2024, the Redevelopment Commission closed on the transfer of the parking garage at 119 <br />Wayne Street in downtown South Bend. The parking garage had previously been operated as a private monthly <br />payer only parking garage. Since the acquisition, the parking garage has continued to operate for monthly payer <br />parking only. It is the intention of City staff to have the parking garage opened as a fully public parking garage in- <br />line with the other public parking garages downtown with daily and hourly parking available. Once opened as a <br />fully public parking garage, the hourly, daily, and monthly rate will match the other downtown public garages <br />with rates set by the Common Council. <br />For the garage to open to daily public parking, new systems need to be installed in the garage including new <br />gates, new mechanicals, and other sensors to integrate the garage into the larger City parking garage software <br />ecosystem. This budget request of $120,000 will fund the cost of the new equipment, installation, and <br />implementation. Staff recommends approval of the budget request with the intention to fully open the 119 <br />Wayne Street parking garage for full public use. <br />_________________________Pres/V-Pres <br />ATTEST: __________________Secretary <br />Date: ____________________ <br /> APPROVED Not Approved <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />10-10-2024 <br />
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