Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to execute a contract modification with LAZ Parking Midwest, LLC dba LAZ KARP Associates, LLC (LAZ) to facilitate the continued provision of off-street parking management services at City-owned off-street parking facilities.
Pursuant to Ordinance 3148-2021, the Director of Public Service executed a professional services contract with LAZ for the provision of off-street parking management services.
Ordinance 2360-2022 authorized the execution of a contract modification between the parties for the purposes of expanding the scope of services to include the surface lot located at 151 N. Garfield Avenue, extending the original contract term through April 30, 2025, and authorizing the encumbrance and expenditure of additional funding to provide for services through the end of 2022.
Ordinance 0979-2023 authorized the execution of second contract modification between the parties for the purpose of authorizing the encumbrance and expenditure of additional funding to provide for services through the spring of 2024.
Ordinance 2978-2023 authorized the execution of a third contract modification between the parties for the purpose of authorizing the encumbrance and expenditure of additional funding to due to anticipation of a shortfall in available operational funding appropriated to support said services.
Amount of additional funds to be expended: $1,900,000.00
Original contract amount: $ 949,144.63 (Ord. 3148-2021, PO339839)
Modification 1: $ 500,000.00 (Ord. 2360-2022, PO364277)
Modification 2: $1,600,000.00 (Ord. 0979-2023, PO384560)
Modification 3: $1,000,000.00 (Ord. 2978-2023, PO427394)
Modification 4: $1,900,000.00 (This legislation)
Total contract amount including all modifications: $5,949,144.63
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