REPORT TO THE CITY COUNCIL FROM: JENNIFER CLARK, Director Planning and Development Department BY: MELISSA ALMAGUER, Parking Division Manager Planning and Development Department SUBJECT ..Title Approve First Amendment to Service Agreement entered between the City of Fresno, and ACE Parking Management III, LLC to provide revenue controls, customer service, and maintenance at the City's portfolio of parking assets adding Tower Theater Parking Lot for an increase of $51,040.80 for a total fee of $13,230,332. ..Body RECOMMENDATION Staff recommends approval of the First Amendment to Service Agreement entered between the City of Fresno, and ACE Parking Management III, LLC to provide revenue controls, customer service, and maintenance at the City's portfolio of parking assets adding Tower Theater Parking Lot for an increase of $51,040.80 for a total fee of $13,230,332. EXECUTIVE SUMMARY On January 17, 2021, the City entered into an agreement with ACE Parking Management III, LLC, for Parking Facilities Management services through January 17, 2026. On July 22, 2022, the City added the Tower Theater and associated parking lot to its inventory for parking oversight. This amendment adds the Tower Theater Parking Lot to the agreement with ACE Parking Management III, LLC, for the remaining term of the contract for $51,040.80 bringing the contract total to $13,281,372.80. BACKGROUND On January 17, 2021, the City entered into an agreement with ACE Parking Management III, LLC for Parking Facilities Management services through January 17, 2026. On July 22, 2022, the City added the Tower Theater and associated parking lot to its inventory for parking oversight. This amendment adds the Tower Theater Parking Lot to the agreement with ACE Parking Management III, LLC, for the remaining term of the contract for $51,040.80 bringing the contract total to $13,281,372.80. The parties incorporate the use of the following services to manage and maintain the Tower Theater Parking Lot: Security Service $670 monthly; AmeriSweep, Inc. $350 monthly; Management fee $397.80 monthly (Management fee based on stall count 130 x $3.06 per stall), for a total monthly fee of $1,417.80; and a grand total of $51,040.80 for the contract term. The total compensation for this work is increased to $13,281,372.80 for satisfactory performance of the Service Agreement. ENVIRONMENTAL FINDINGS N/A LOCAL PREFERENCE Local preference was not implemented because this item is the approval of a change order that pertains to an existing service agreement. FISCAL IMPACT There will be an impact on the General Fund of approximately $51,040.80, for the services that will be rendered to manage and maintain the Tower Theater Parking Lot. The cost of services will come from the General City Purpose fund and are outlined on Exhibit A of the Amendment and will include security services, cleaning services and the associated management fees. Attachment: First Amendment to ACE Parking Agreement ACE Parking Agreement