AgdaPkt 2016-05-09 Interview, Closed and Joint SA PFA

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6.3.C. - Page 1 REPORT To the Honorable Mayor and City Council From the City Manager April 25, 2016 SUBJECT Amended and Restated Cooperative Agreement between the City of Redwood City and the County of San Mateo for public use of the County of San Mateo parking structure and parking lot, and appropriation of funds to pay for the public use of the parking structure and parking lot RECOMMENDATION 1. By motion approve and authorize the City Manager to execute the Amended and Restated Cooperative Agreement with the County of San Mateo for public use of the County's parking lot and parking structure in the amount of $1,297,500, and further authorize the City Manager to adjust the annual fee as appropriate 2. Adopt a resolution appropriating $86,500 from the Parking District Fund for the purpose of providing 797 parking spaces for public use BACKGROUND Several previous actions have occurred related to this agreement: • On September 23, 2003, the City of Redwood City and the County of San Mateo entered into an agreement to make portions of the parking structure and the parking lot available to the City for public use for ten years. • On May 22, 2007, the City and County executed Amendment No. 1 to the original agreement to delete Exhibit A-Terms and Conditions of the Cooperative Agreement and replace it with Exhibit A-1. The agreement was updated to expand the City hours of operation. • On July 29, 2009, the City and County executed Amendment No. 2 to the original agreement to reserve three City on-street parking stalls on Bradford Street for use by the County for the Office of the Sheriff. In 2015, the City and County began discussions on the continued shared use of the parking garage and parking lots. These discussions led to a proposed recommended and restated agreement with the County to extend the term by an additional 15 years and to provide for an annual payment by the City to the County to cover a portion of the costs of operating the County's garage and parking lots for the City's public use. Under this agreement, the public will continue to be able to use the garage on weeknights and weekends.