HomeMy WebLinkAboutResolution No. 017-24 - Resolution - Amending 2022-2026 Parking Management Services Contract
RESOLUTION
Authorizing Amendment No. 1 to the 2022-2026 Parking Management Services
Contract Clarifying Key Performance Indicators Related to Incentive Performance
Fees.
WHEREAS, the “Incentive Performance Fees” items within the original agreement did not
adequately or accurately reflect goals of the parking enterprise fund; and
WHEREAS, the parties to the agreement seek to clarify reasonably achievable and accurate
goals of the parking enterprise fund for the parking operator; and
WHEREAS, an amendment to the original agreement has been created to establish
clarifications in the section of “Incentive Performance Fees”.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Rochester,
Minnesota, that the Council authorizes execution of the amendment to the 2022-2026
Parking Management Services Contract.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2024.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2024.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)