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7.1.B. - Page 2 <br /> resolution is recommended that authorizes the City Manager to enter into the <br /> Agreement for the use of the spaces and also authorizes the City Manager to issue <br /> parking permits for those spaces at a cost established in the resolution. <br /> Another item on the January 27 agenda deals with the implementation of <br /> recommendations from the Downtown Parking Study that was presented to the City <br /> Council in 2013. Staff recommends removing the rate setting and specific parking <br /> facilities from the Municipal Code to more efficiently address downtown parking supply <br /> and demand. The recommendations for setting the cost of permit parking are addressed <br /> in that memorandum. <br /> ALTERNATIVES <br /> The City Council could determine to not proceed with the leasing of spaces in the <br /> Sequoia Station garage. <br /> FISCAL IMPACT <br /> A portion of the cost of this Agreement will be recovered from the sale of monthly <br /> permits, however there is an estimated $180,000 impact to the City's General Fund that <br /> will be addressed in a mid-year budget adjustment. <br /> ENVIRONMENTAL REVIEW <br /> Not a project under CEQA (California Environmental Quality Act). <br /> BILL EKERN <br /> COMMUNITY DEVELOPMENT DIRECTOR <br /> ROBERT B. BELL <br /> CITY MANAGER <br /> ATTACHMENTS <br /> 1. Resolution approving Commercial Lease Agreement with San Mateo <br /> County Transit District and authorizing City Manager to issue parking <br /> permits to the public. <br /> 2. Lease Agreement with San Mateo County Transit District <br />