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To: Redevelopment Commission <br />From: Staff- Debrah Jennings <br />$ubjett: Parking Garage Managemari Services Agreement <br />Date: February C, 2009 <br />On December 19. 2008 the Redevelopment Commission awarded dle management of the Leighton. <br />Main and Wayne Streets Garages to AMPCO System Parking. Statf is no~~- requesting approval of <br />the Parking Garage ulanagemcnt Services Agreement between the City of South Send, Indiana <br />Redevelopment Commission and AMPCO System Parking. <br />The term of the agreement is for three years beginning February 1.2009 and ending January 3 I , <br />201 ?. <br />AMPCO System Parking will manage and operate the parking services, collect receipts and make <br />deposits tier Leighton. Main and Wayne Streets garages. Personnel for the operation will be <br />furnished by AMPCO. <br />A'~IPCO will be reyuired to submit a budget by December 1"of each contract year. <br />The Redevelopment Conunission agrees to pay n monthly management fee of S250.00 and an <br />incentive fee of 7% of gross monthly revenue in excess of Sl x,000.00 for Leighton and Main St-ect <br />Garage. and pay a monthly management fee of 5250.00 and an incentive fee of 7°,% of gross monthly <br />revenue exceeding 528,500.00 f~~r Wayne St garage. <br />Staff recommends approval of this agreement. <br />(`. Uannuents and satin,,. U,II VAING ~I~ U~~cume w. u~rrea munin Joe <br />