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Charlotte council defers decision on Uptown parking lease amid affordability, federal-restrictions debate
Summary
Council voted to defer consideration of a proposed lease of city-owned land at 501 W. Trade St. to Pivot Parking LLC after members pressed staff on worker affordability and federal procurement limits requiring fair market value. The deferral will allow further review and staff follow-up.
Charlotte City Council on Monday voted to defer action on a proposed lease of city-owned property at 501 West Trade Street to Pivot Parking LLC after an extended debate over worker access to affordable parking and legal limits on leasing.
Mayor Faye Lyles and staff presented the item as a routine ITB (invitation to bid) award; city staff said the recommended bidder had offered what staff considers fair market value for the lease. "The federal requirement is that we seek fair market value in our leases," a city official told council, noting the award process selects the highest responsive…
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