a. Capital Expenditures and Project-Related Costs. The Parties acknowledge

City Council Meeting · 2026-05-12 · agenda_item

The City of Melbourne and an Agency are planning a new 300-space structured parking garage in downtown Eau Gallie. This project is currently under review. The estimated capital investment for the garage is up to $10.5 million, with total authorized expenditures not to exceed $12,075,000 for capital costs and associated project expenses. These associated costs may include legal fees for contracts, financing, engineering design, construction inspection, and bonds. This project will likely involve site preparation, foundation work, structural construction, and potentially utility connections. Local contractors, suppliers, and service providers are encouraged to engage early, before final plans and bids are set, to explore opportunities in this planned development.

space count

300 space

capital investment

10.5 million dollars

total authorized expenditures

12,075,000 dollars