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Page 4 of 5 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />EQUITY IMPACT <br />All City actions are assessed for impact. Because this item is on the consent calendar, this section indicates <br />the assessment process, not findings. The anticipated impact of this policy, program, or action has been <br />assessed in the following ways: <br />Reviewed from similar or relevant past program or policy in Redwood City <br />Reviewed data from a similar program or policy in another jurisdiction <br />FISCAL IMPACT <br />The cost to procure, install, and warranty the new PARCS is $577,309.53. This amount is less than the <br />previously budgeted amount for this project. The FY 2025-26 budget included $547,000 in the Parking In- <br />Lieu Fund (683) for the project (program 85137) and $290,000 for the permit parking program (85131), <br />which this project will support. If the City elects the option for extended maintenance and services, the <br />annual cost is $308,475 over five years. will be funded by parking revenue generated by the garages. <br />Staff is also requesting that the contingency amount approved and reserved for this project be set at 15% <br />to account for the variability in the setup and final implementation of the new system, which will <br />implement a fully new process for handling the parking within the downtown garages. This may require <br />some additional modifications to the system to improve operations and system efficiency after the initial <br />implementation. This will also account for variability and the unknowns regarding the installations that <br />are needed within the movie theater property. City staff had limited access to the site during planning <br />and design. Additional modifications may be needed after a deeper investigation. <br />ENVIRONMENTAL REVIEW <br />As the lead agency, City of Redwood City has determined that the proposed agreement meets the CEQA <br />exemption criteria as set forth in Section 15301, Class 1. Existing Facilities, because the Project consists <br />of the operation, repair, maintenance, and minor alterations of existing public facilities and mechanical <br />equipment, involving no expansion of use. <br />PUBLIC NOTICE <br />Public notification was achieved by posting the agenda, with the agenda items being listed, at least 72 <br />hours prior to the meeting. <br />7.A. - Page 4 of 173 <br />8