HomeMy WebLinkAboutResolution - 2005-R0547 - Amendment To Contract - Republic Parking System Inc.- Automobile Parking Mgmt. - 11/18/2005Resolution No. 2005-RO547
November 18, 2005
Item 5.11
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock BE and is hereby authorized and
directed to execute for and on behalf of the City of Lubbock an Amendment to the
Automobile Parking Management Contract Between The City of Lubbock and
Republic Parking System, Inc. for Public Parking Facilities at the Lubbock
International Airport, and all related documents. Said Amendment is attached hereto
and incorporated in this Resolution as if fully set forth herein and shall be included in
the minutes of the Council.
Passed by the City Council this I Rrh
ATTEST:
Rebecca Garza, City Secretary
OVED AS TO CONTENT:
(!Ja &esLo-omis, Director of Aviation
APPROVED AS TO FORM:
Linda L. Chamales, Senior Attorney
Office Practice Section
LC: UATTYfLinda/RES-Republic Parking AMENDMENT
October 28, 2005
j.
Resolution No. 2005-80547
COKITQ AC -f NO.
6537
STATE OF TEXAS §
KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF LUBBOCK §
AMENDMENT TO AUTOMOBILE PARKING MANAGEMENT
CONTRACT BETWEEN THE CITY OF LUBBOCK, TEXAS
AND REPUBLIC PARKING SYSTEM, INC. FOR
PUBLIC PARKING FACILITIES
AT LUBBOCK INTERNATIONAL AIRPORT
This amendment is entered into by the CITY OF LUBBOCK (referred to herein
as "City"), and REPUBLIC PARKING SYSTEM, INC. (referred to herein as "Parking
Operator").
WITNESSETH:
WHEREAS, City and Parking Operator executed an Automobile Parking
Management Contract for Public Parking Facilities at Lubbock International Airport on
the 29h day of June, 2404, in which Parking Operator agreed to operate the public
parking lot facilities and the parking shuttle system at the Airport; and
WHEREAS, the Lubbock Preston Smith International Airport is in need of a new
parking equipment and revenue control system for the renovated parking lot; and
WHEREAS, Parking Operator is willing to purchase and carry the cost of the
parking equipment and revenue control system at five percent interest and amortize it
over thirteen years; and
WHEREAS, the City of Lubbock Airport Board has recommended amendment of
the management contract for purchase of the parking equipment and revenue control
system; and
WHEREAS, the City is willing to extend the existing contract to facilitate this
purchase; and
WHEREAS, City and Parking Operator desire to so amend said Contract at this
time;
NOW THEREFORE, City and Parking Operator agree as follows:
(1) Parking Operator agrees to purchase and install for use at the
Lubbock Preston Smith International Airport terminal building
parking lot, the parking equipment and revenue control system as
specified at an estimated cost of $318,000.00. All equipment and
control system orders shall be approved by the Airport Director prior
to purchase.
(2) City agrees to increase the management fee in Section 5, Paragraph
H by $2777.00 per month for the remainder of the contract term as
extended in paragraph (3) herein, as reimbursement for the amortized
cost of the parking equipment and revenue control system including
five per cent interest. If the contract is cancelled prior to July, 2019,
the City agrees to pay the remaining unamortized amount of the
investment as of the date of cancellation. Upon reimbursement of
the total amortized amount of the investment, title shall be
transferred to the City of Lubbock.
(3) City agrees to extend the term of this contract an additional five (5)
years to 2014, under the terms as agreed in Article 2, Paragraph A of
the contract dated June 29, 2004. As provided in the original
contract, this contract can be renewed for an additional five years
beyond 2014 under terms agreeable to the City and Parking Operator,
such terms to be negotiated and accepted by both parties no later than
six (6) months prior to the end of the initial term.
Amendment to Republic Parking System Management Contract
Page 2
IN WITNESS WHEREOF, the parties hereto execute this Contract Amendment on the
day and year of the last party signature as set forth below.
Date: //` Z "air REPUBLIC PARKING SYSTEM, INC.
By:
chrio. H66ey
Title: Executive Vice President
Date: //- � 1- v CTI
LIN
ATTEST:
Rebe ca Garza
City Secretary
AS TO
of Aviation
APPROVED AS TO FORM:
Linda L. Chamales
Senior Attorney Office Practice
Lc:Cityatt/Linda/Airport Parking Amendment
October 28, 2005
Amendment to Republic Parking System Management Contract
Page 3