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Council asks staff to locate trust documents for public parking authority
Summary
Council members discussed whether a public parking authority and trust exist for the downtown garage and asked staff to obtain the original trust document to clarify ownership and how parking revenues should be managed.
Council members discussed the need for a public parking authority to manage the downtown parking garage and associated revenues, and asked staff to locate the original trust document that would clarify whether ownership reverted to the city.
A staff member said funds from monthly parking are currently counted in the city's annual audit but that the council lacks an explicit authority to manage those funds under an established public parking authority. Members asked staff to retrieve the trust or other documentation from previous council actions to determine whether the property and related revenues converted to city ownership or require formal steps.
Next steps: staff will search for and report back with the trust document or legal finding that clarifies the garage's status and the appropriate structure to manage parking revenues.
