Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Parking Agreement topic
No spam. Unsubscribe anytime.
Committee approves amended parking agreement with 11 Scott Street LLC, cutting reserved stalls to 150
Summary
The committee approved an amendment to the long-term parking agreement for Riverside/Wateride Place that reduces the city's reserved stalls from 480 to 150 and phases in lease payments; members pressed staff about rates, ramp maintenance and potential impacts on library patrons.
The Infrastructure & Facilities Committee voted on March 12 to approve an amended and restated parking agreement with 11 Scott Street LLC that reduces the city’s reserved parking commitment at the downtown ramp from 480 stalls to 150 and phases in lease payments over a multi-year schedule.
Randy, speaking for staff, said the amendment would reduce reserved stalls to 150 and initiate lease payments phased over a two-year period: 50 stalls effective May 1, an additional 50 on June 1, 2027, and the final 50 on Sept. 1, 2028. Randy said the change mirrors an earlier approach used with another downtown redevelopment and will generate more revenue than the current zero-paid-reserve arrangement.
Why it matters: Staff told the committee the full 150-stall program at the agreed discount would produce roughly $54,720 annually (based on a $38 regular permit with a 20% long-term discount to $30.40 per stall) and help offset ramp maintenance costs that the city currently subsidizes.
Committee members probed operational impacts. Alder Larson asked whether reserving level-zero stalls would hinder library patrons; Alder Martins requested that roughly a dozen stalls planned on the south side of the ramp be shifted to the north side to lessen library impact. Staff said that relocating specific rows could be explored and would not necessarily be a deal-breaker; final allocation and council approval would follow the committee’s recommendation.
Alder Neil moved approval and Alder Watson seconded; the motion passed 4–1 after an amendment to address the stall placement concern. The committee instructed staff to confirm stall placement prior to council consideration.
