COUNCIL ACTION, CULTURAL DISTRICT PARKING
I think we’ve all heard by now that a paid parking initiative will take place within the cultural district in the coming months (closer to March/April).
On January 12, the City Council approved the following:
1. The execution of a Contract beginning February 1, 2010, with Standard Parking Corporation for the management and operation of the Will Rogers Memorial Center Parking Facilities for a management fee of $66,500.00 per year for an initial term of three years, with three one year renewal options upon the same terms and conditions; and
2. Adopted a supplemental appropriation ordinance increasing appropriations in the Municipal Parking Fund by $772,685.00 and decreasing the unaudited, unreserved, undesignated fund balance by the same amount.
Read the full M&C information: http://www.fortworthgov.org/council_packet/mc_review.asp?ID=12898&councildate=1/12/2010