b. Ownership of Parking Garage Project. The CITY and AGENCY agree that

City Council Meeting · 2026-05-12 · agenda_item

This item concerns the ownership of a planned Parking Garage Project. The City and an Agency have agreed that the City will own the project and the land it is on. If the project moves forward as a public-private partnership, the agreement might allow private development to lease or license parking spaces not used for public parking. This item is currently under review by the City Council. The project's development, if approved, could involve site preparation, construction of the garage structure, and related infrastructure. Local contractors, suppliers, and service providers are encouraged to monitor this project's progress as plans develop. Early engagement before final bids and permits are issued could offer a competitive advantage.