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Committee approves 20–50 permits for Baker's Place at South Livingston garage; staff says permits are not guaranteed reserved stalls
Summary
The finance committee approved an agreement to provide between 20 and 50 24/7 parking permits for Baker's Place tenants at the South Livingston Street garage; staff said permits are billed monthly, are not reserved stalls and that the parties are still negotiating final terms including the exact price, which staff said is currently expected to land around $140 to $155 per month.
The Finance Committee approved an agreement March 16 to provide 20 to 50 24/7 parking permits for Baker's Place LLC at the South Livingston Street garage.
Ann Slesac, standing in for Stephanie Cox, said Baker's Place originally executed a long-term lease tied to development approvals but that the lease no longer fit operational needs; the parties are negotiating a new permit arrangement under which the developer will issue permits to tenants and the city will bill the owner monthly. Trent, the city's transportation-demand-management (TDM) manager, said permits would provide 24/7 access but do not guarantee a reserved stall; tenants may have to wait for entry when other events fill the garage.
Staff said the parties expect a monthly pass cost in the range of about $140 to $155 in current negotiations; final agreement language and pricing were not attached because negotiations were still being finalized. Ann Slesac said staff can follow up with the city attorney on whether the developer may mark up the price charged to tenants.
Committee action: the motion to approve was moved, seconded and recorded as a unanimous voice vote.
What's next: staff said they will finalize the agreement language and provide outstanding details (including final price and any resale restrictions) as negotiations conclude.
