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01/08/13
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01/08/13
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7/18/2025 11:23:08 AM
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Meetings
Meeting Document Type
Agenda
Document Title
Housing & Redevelopment Authority
Document Date
01/08/2013
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(e) The City may, from time to time, temporarily limit or deny access to <br />parking spaces within the District A Parking Improvements as the City determines to be <br />necessary or desirable in connection with the maintenance, repair or replacement of District A <br />Parking Improvements or the construction of expansions of or additions to the District A Parking <br />Improvements. The City must use all commercially reasonable efforts to minimize any <br />interference with the use of the parking stalls in the Exclusive Use Area. <br />6. Maintenance, Repair and Replacement of the District A Parking <br />Improvements. The City will maintain, repair and replace the District A Parking Improvements <br />in a manner consistent with other public parking facilities in the greater Minneapolis -St. Paul, <br />Minnesota metropolitan area. <br />7. Parking Maintenance Costs. For purposes of this Agreement, the term "Parking <br />Maintenance Costs" means all costs and expenses that the City incurs to operate, maintain, repair <br />and replace District A Parking Improvements, including, but not limited to, costs associated with <br />snow removal, insurance, security, elevator maintenance and repair, lighting, landscaping, <br />signage, parking control facilities, staff and contributions to a reserve fund for future <br />maintenance, repair and replacement costs. Parking Maintenance Costs include both amounts <br />the City pays to third parties to operate, maintain, repair and replace District A Parking <br />Improvements and administer this Agreement and the fair market value of any services provided <br />by City employees in connection with the operation, maintenance, repair or replacement of <br />District A Parking Improvements or the administration of this Agreement. Parking Maintenance <br />Costs may also include periodic contributions to a reserve fund the City establishes to provide a <br />source of funds for major repairs, renovations and replacement. <br />8. Budget of Parking Maintenance Costs. The City may, from time to time, <br />establish a fiscal year for the purposes of budgeting for Parking Maintenance Costs. If the City <br />does not establish a fiscal year, the fiscal year for budgeting Parking Maintenance Costs is the <br />fiscal year. On or before the date thirty (30) days prior to the beginning of the first full or partial <br />fiscal year and thirty (30) days prior to the beginning of each full fiscal year thereafter, the City's <br />staff must prepare and the City Council must approve a proposed budget of anticipated Parking <br />Maintenance Costs for the next fiscal year. <br />9. Charges for Parking Maintenance Costs. On or before the date thirty (30) days <br />prior to the beginning of the first full or partial fiscal year and thirty (30) days prior to each full <br />fiscal year thereafter, the City Council must adopt a resolution allocating the budgeted Parking <br />Maintenance Costs for that fiscal year among the Parcels. The allocations will be based on the <br />budgets described in Section 8 above. The share of the anticipated annual Parking Maintenance <br />Costs the City allocates to each Parcel for a given fiscal year will be determined my multiplying <br />the Parcel's "Allocated Share," as determined pursuant to Section 10 below, by the budgeted <br />Parking Maintenance Costs for that fiscal year. <br />10. Determination of Each Parcel's Allocated Share. The District A Parking Plan <br />assigns each Parcel an "Allocated Share" which is a fraction, the numerator of which is the <br />number of parking spaces assigned to that Parcel in the District A Parking Plan and the <br />denominator of which is the total number of parking spaces in the District A Parking <br />Improvements. If and each time the District A Parking Plan is amended in a manner that <br />5 <br />4533011v2 <br />
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