Approval of the Third Amendment to the Existing Professional Services Agreement with Modern Parking Inc. for Parking Structure Management Services Related to the Cardiff Ince and Watseka Parking Structures. City of Culver City California Agenda Item Report Item Number: C 3 Meeting Date: _01/24/11_ REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Approval of the Third Amendment to the Existing Professional Services Agreement with Modern Parking Inc. for Parking Structure Management Services Related to the Cardiff Ince and Watseka Parking Structures Contact Person/Dept.: Christopher Evans and Todd Tipton Community Development Fiscal Impact: Yes X No General Fund: Yes No X Phone Number: (310) 253 5744/5783 Public Hearing: Action Item: X Attachments: X Commission Action Required: Yes No X Date: _______________ Public Notification: (E Mail) Meetings and Agendas Redevelopment Agency (01/19/11) Modern Parking Inc. Downtown Business Association and Chamber of Commerce on (12/29/10). Department Approval: Sol Blumenfeld: (01/12/11) Chief Financial Officer Approval: Jeff Muir (by N. Kimball) (01/19/11) City Attorney Approval: Murray Kane 12/27/10 City Manager/Executive Director Approval: John M. Nachbar (01/19/11) RECOMMENDATION: Staff recommends that the Culver City Redevelopment Agency Board (Agency Board) approve a Third Amendment to the existing professional services agreement with Modern Parking (Modern) for parking structure management services related to the Cardiff Ince and Watseka Parking Structures. BACKGROUND: On August 1 2006 the Agency Board approved an Agreement with Modern for parking management services related to the Cardiff Ince and Watseka Parking Structures (Agreement). On May 18 2009 the Agency Board approved a first amendment to the Agreement extending the contract term to January 31 2010. On January 4 2010 the Agency Board approved a second amendment to the Agreement extending the contract term to January 31 2011. The term of the agreement was amended in order to...
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