Councilor Lessard presses staff on parking program math, seeks review with developer
Councilor Lessard challenged staff explanations about a $20,000 parking write-up and how it affects a stabilization payment, arguing the free parking should count toward the six-month net operating income threshold; staff agreed to provide spreadsheets and meet with the developer to reconcile the figures.
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Councilor Lessard pressed city staff on how a $20,000 parking write-up was applied against a parking-garage stabilization payment, saying the write-up should contribute to monthly revenue that counts toward a 90% net operating income threshold. "I don't look at saving the taxpayer money as cheating the system," Lessard said, arguing that buying more free parking to reach the threshold could be fiscally responsible if it prevented a larger stabilization payment.
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