Title
Subject: Parking Garages Technical Budget Adjustment
From: Revenue Division
Recommendation: Adopt A Resolution Authorizing The City Administrator To (1) Increase Operating Revenues In The Multipurpose Reserve Fund (Fund 1750) One Million Nine Hundred Eighty-Six Dollars ($1,986,000); (2) Authorize An Appropriation Of One Million Nine Hundred Eighty-Six Dollars ($1,986,000) From The Multipurpose Reserve Fund (Fund 1750), For Contract Expenses For The Management Of The City Center Garage And The University Of California Office Of The President Garage; And (3) Establish Spending Authority In An Amount Not To Exceed Two Hundred Forty Thousand Dollars ($240,000) ($80,000 Per Year For 3 Years), To Fulfill Contractual Fiscal Responsibilities For The Scheidt & Bachmann USA Inc., Agreement From October 1, 2013 Through September 30, 2016, For The Maintenance And Service Of The Parking Access And Revenue Control System