TO: Mayor and Commissioners
FROM: Caryn Gardner-Young, Assistant City Manager
THROUGH: Chief Neal de Jesus, Interim City Manager
DATE: October 3, 2017
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APPROVING AMENDMENT #2 TO THE VALET PARKING LICENSE AGREEMENT WITH CUT 42 LLC TO EXTEND FOR ONE YEAR THE LICENSE TO PROVIDE VALET PARKING SERVICES IN THE CENTRAL BUSINESS DISTRICT OF THE CITY OF DELRAY BEACH (CITY)
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Recommended Action:
Recommendation
Motion to retroactively approve Amendment #2 to the Valet Parking License Agreements with Cut 42 LLC to extend the license from October 1, 2017 to September 30, 2018.
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Background:
In 2014, the City of Delray Beach entered into Valet Parking License Agreements with Cut 42 LLC in the Central Business District. Each of these license agreements was for a period of three years, including a 3 percent escalation clause annually. This agreement expires on September 30, 2017 and there is no month-to-month renewal clause. The new agreement will replace the existing agreement, extending the time. Should the Commission choose to raise the Valet Parking License Fee, this contract can be cancelled on 30-day notice and a new contract will be pursued including the new fee structure.
City Attorney Review:
Approved as to form and legal sufficiency.
Finance Department Review:
Finance recommends approval.