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MINUTE ORDER <br />JOINT CITY COUNCIL ! SUCCESSOR AGENCY BOARD <br />PUBLIC FINANCING AUTHORITY MEETING <br />December 21, 2020 <br />MO. 20-212 <br />CITY CLERK DEPARTMENT <br />Redwood City <br />Date: December 21, 2020 <br />Attention: City Attorney <br />Community Development and Transportation Director <br />*hard copy available upon request" <br />SUBJECT: Award contract to ACE Parking for Downtown garage operations and <br />parking system maintenance <br />AGENDA CONSENT CALENDAR ITEM: 6.H. (304) <br />Meeting of the Joint City Council/Successor Agency Board/Public Financing Authority <br />Meeting on December 21, 2020. <br />Present: Council Members Aguirre, Espinoza-Garnica, Gee, Hale, Reddy, Smith and <br />Mayor Howard <br />M/S Reddy and Hale to approve and authorize the City Manager to execute the <br />Agreement between the City of Redwood City and ACE Parking, Inc. for the Operation <br />and Management of the Jefferson Garage and Marshall Garage, for an amount not to <br />exceed $2,233,600 for the initial five-year term of the agreement and not to exceed <br />$4,389,719 the entire term of the agreement (including 5 optional one-year extension <br />terms). (This amount will vary based on staffing levels at the facilities and other variable <br />expenses.) <br />Motion passes 7-0 by roll call vote. <br />63t,', <br />Pamela Aguilar, CMC <br />City Clerk <br />