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CityCounncilMMemooranddum <br />TTO: HONORAABLE MAYYOR AND CCITY COUNNCILDATE: Occtober 4, 20011 <br />FFROM:PUBLICWWORKS DEPARTMEENT ITEM NO: <br /> WARD: 1 <br />SSUBJECT: FOX ENTERTAINMMENT PLAAZA PARKKING—PURCHASE,SALE ANND USE <br />AGREEMMENT <br />ISSSUE: <br />he issue fr City Concil consieration isapprovalf a Purchse, Sale nd Use Areement <br />TToouuddooaaaagg <br />(greement with Riveside Comunity Collge Distric (RCCD) fr the purcase of 10 parking <br />AA))rrmmeettoohh00 <br />spaces in te Fox Entertainment Plaza (arage 7) lcated at the corner of Markt Street, <br />hhGGoossee <br />airmountoulevard and Sixth Sreet. <br />FFBBtt <br />RRECOMMENNDATION: <br />hat the City Council approve he Agreeent with CCD for the purchse of 10 parking <br />TTttmmRRaa00 <br />spaces in Grage 7. <br />aa <br />BBACKGROUUND: <br />CCD is dvelopinghe properies locate on the ornes of Market Steet and niversity <br />RReettttddccrrrUU <br />venue. Inluded in this investent are th RCCD ulinary Arts Academ, District ffices, a <br />AAccmmeeCCyyOO <br />allery/Museum to be known as the Center for Social Justice and Civil Lierties and the Coil <br />GGnbb <br />chool of th Arts. <br />SSee <br />he original plans for the RCCD roject ha included the construction of 10 parking paces in <br />TTppddt00ss <br />to-levels of subterraean parking. Howev, due to nforeseen site condiions and icreased <br />wwnneeruuttnn <br />csts, RCC must coside other parking ptions. a result, CCD aproached te City to <br />ooDDnnrooAssRRpphh <br />negotiate th purchas and use o 100 parkig spaces in Garage . <br />eeeeffnn77 <br />nder the trms of th Agreemet, RCCD grees to prchase 10 parking paces in arage 7 <br />UUeeennaauu00ssGG <br />at a rate of 26,026 pr parking pace for atotal cost f $2,602,600. RCC will have xclusive <br />$$eessooDDee <br />use of the 100 spacs from 5 .m. to 5 p.m., Monay throuh Friday, excluding ll major <br />eeaaddggaa <br />holidays. RCCD shall have acces at all oter times, hen the garage is oen and oerational <br />sshhwwpppp <br />during afterours and eekends; howeve,RCCD agrees to mae the spaes availale to the <br />hhwwrekkccbb <br />ity for City events an parking fr the Fox erformingArts Cente. <br />CCddooPPAr <br />he Agreeent also inludes the following: <br />TTmmc <br />– Sectioon 2. (a) (bb) (c) Mainttenance/Improvementts—RCCDand the Citty shall entter into a <br />sepaate maintnance agrement ninty (90) das prior to ccupancy <br />rreeeeeeyyoo.. <br />