City of Long Beach - File #: 23-1164

• File #: 23-1164
• Version: 1
• Name: PW - Flash Parking for parking access revenue control systems
• Type: Resolution
• Status: Adopted
• File created: 9/22/2023
• In control: City Council
• On agenda: 10/10/2023
• Final action: 10/10/2023
• Title: Recommendation to adopt resolution authorizing City Manager, or designee, to execute a contract, and any necessary documents including any necessary subsequent amendments, with Flash Parking, Inc., of Austin, TX, for parking access revenue control systems, at the Pike Outlet and Aquarium of the Pacific garages, on the same terms and conditions afforded to Texas Region 14 Education Service Center (Region 14 ESC), through Omnia Partners, in a total amount of $1,835,359, with a 20 percent contingency in the amount of $367,072, for a total contract amount not to exceed $2,202,431, until the Omnia Partners contract expires on July 31, 2024, with the option to renew for as long as the Omnia Partners contract is in effect, at the discretion of the City Manager; and Authorize City Manager, or designee, to execute a lease-purchase agreement and related financing documents with Banc of America Public Capital Corp, of San Francisco, CA, for the financing of parking access revenue control systems...
• Sponsors: Public Works

Date	Ver.	Action By	Action	Result
10/10/2023	1	City Council	approve recommendation and adopt	Pass

TITLE
Recommendation to adopt resolution authorizing City Manager, or designee, to execute a contract, and any necessary documents including any necessary subsequent amendments, with Flash Parking, Inc., of Austin, TX, for parking access revenue control systems, at the Pike Outlet and Aquarium of the Pacific garages, on the same terms and conditions afforded to Texas Region 14 Education Service Center (Region 14 ESC), through Omnia Partners, in a total amount of $1,835,359, with a 20 percent contingency in the amount of $367,072, for a total contract amount not to exceed $2,202,431, until the Omnia Partners contract expires on July 31, 2024, with the option to renew for as long as the Omnia Partners contract is in effect, at the discretion of the City Manager; and

Authorize City Manager, or designee, to execute a lease-purchase agreement and related financing documents with Banc of America Public Capital Corp, of San Francisco, CA, for the financing of parking access revenue control systems, payable over an 8-year period at an interest rate to be determined when the agreement is executed. (Citywide)

DISCUSSION
City Council approval is requested to enter into a contract with Flash Parking, Inc. (Flash), for the purchase of Parking Access Revenue Control Systems (PARCS) at the Pike Outlet and Aquarium of the Pacific garages, and to execute a lease-purchase agreement through the City of Long Beach’s (City) Master Lease Agreement with Banc of America Public Capital Corp (BAPCC), for the financing of the PARCS equipment.

The current PARCS equipment located at the Pike and Aquarium Parking Garages are approaching the end of their useful life. Therefore, upgrading to a modern PARCS system is necessary to ensure efficient revenue collection, effective traffic management, and an improved user experience for facility visitors. Flash’s equipment is used in the Civic Center and City Place garages. Flash equipment has proven to be highly cost-effective for ongoing oper...