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Page 5 of 6 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />Table 2: Proposed Contract Costs <br />Contract Item Cost <br />Garage Management and Operations $581,189.39 <br />2025 Contract Overage $364,895.00 <br />Contract Amount $946,084.39 <br />Table 3: FY 2026-27 Parking Fund (Fund 681) Approved Budget <br />Program Program Description FY 2025-26 <br />Available Budget <br />65175 Parking Facility Operations $ 993,023 <br />84078 Garage Security Upgrades $ 160,000 <br />65132 Street System Maintenance $320,053 <br />Total $1,473,076 <br />ENVIRONMENTAL REVIEW <br />This activity is not a project under California Environmental Quality Act (CEQA) as defined in CEQA <br />Guidelines, section 15378, because it has no potential for resulting in either a direct or reasonably <br />foreseeable indirect physical change in the environment. <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 />ALTERNATIVES <br />1. The City Council may opt not to approve the proposed agreement with ACE Parking and direct staff <br />to modify the scope of work. Doing so may result in a temporary removal of staffing at downtown <br />garages and loss of revenue. <br />2. The City Council may direct staff to research other service providers or to identify alternative means <br />of managing the downtown garages. Doing so may result in a temporary removal of staffing at <br />downtown garages and loss of revenue. <br />ATTACHMENTS <br />Attachment A – ACE Parking, Inc. 2026 Agreement <br />7.C. - Page 5 of 29 <br />79