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CC:PA - CONSENT ITEM: Approval of an Amendment to an Existing Agreement with ABM Industries for Unanticipated Parking Facility Expenses in City Parking Garages for an Amount Not-to-Exceed $161,187.
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Meeting Date: June 27, 2022
Contact Person/Dept: Todd Tipton CDD/Economic Development
Phone Number: (310) 253-5783
Fiscal Impact: Yes [X] No [] General Fund: Yes [] No [X]
Attachments: Yes [] No [X]
Commission Action Required: Yes [] No [X]
Commission Name:
Public Notification: (E-Mail) Meetings and Agendas - City Council (06/22/2022)
Department Approval: Sol Blumenfeld, Community Development Director (06/07/2022)
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RECOMMENDATION
Staff recommends the City Council and Parking Authority Board approve an amendment to an existing agreement with ABM Industries (ABM) for unanticipated parking facility expenses in an amount not-to-exceed $161,187.
BACKGROUND/DISCUSSION
In January 2022, the City of Culver City (City) entered into a three-year agreement (with two optional one-year extensions) with ABM to operate the City's off-street parking facilities (Facilities). The Agreement includes ABM's annual operating expenses (approximately $1.25 million) which are comprised of salaries and wages, payroll expenses, operating expenses, management fees and incentive fees among other things. The $1.25 million does not include unanticipated Facility expenses such as repairs and improvements.
Unanticipated Facility expenses include:
FISCAL ANALYSIS
The amendment to ABM's agreement for one-time unanticipated Facility expenses is $161,187. Sufficient funds have been in included in the Proposed Budget for Fiscal Year 2022/2023 in Parking Authority Account 47555310.600100 (Cardiff Parking Structure - R&M Building), 47555580.600100 (Watseka Parking Structure - R&M building), 47555380.600100 (Ince Parking Structure - R&M Building) and 475551...
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