Resolution#221094Passed

In plain English

This resolution approves a contract with IMCO Parking, LLC to manage 11 parking garages and one lot for the San Francisco Municipal Transportation Agency (SFMTA) for up to $180 million over five years, with options to extend for an additional four years without further Board approval. It will take effect once the resolution is approved.

Resolution approving an agreement with IMCO Parking, LLC, for the management of 11 parking garages and one lot operated by the San Francisco Municipal Transportation Agency (SFMTA), for an amount not to exceed $180,000,000 and a term of five years, with two two-year options to extend, and with said options the SFMTA may exercise without further approval by the Board of Supervisors, effective upon approval of this Resolution.

Transportation Environment

Introduced: Oct 18, 2022

Final action: Nov 17, 2022

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How it got here

Related / predecessor legislation

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Resolution#240815Passed

This resolution approves an amendment to the management agreement with IMCO Parking, LLC, allowing them to operate the Music Concourse Garage and increasing the contract amount by $27 million, bringing the total to $207 million. The agreement will remain in effect for its original five-year term from January 20, 2023, to January 19, 2028.

Introduced Jul 30, 2024Final action Sep 30, 2024Myrna Melgar, Rafael Mandelman

Document trail

Leg Ver1

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DRAFT Agrmt

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MTA CEQA Determination 081122

SF Municipal Transportation Agency

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MTAB Reso No. 220920-084 092022

Resolution

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