When the Capital City Development Corporation's Board of Commissioners meet today, they'll be asked to approve an agreement for a new operator of the agency's six downtown parking garages.
Ampco System Parking has been chosen to take over the operations from Republic Parking Northwest when the current contract expires on March 31.
Currently CCDC pays $1,982,430 annually for the Republic Parking operations. The new proposed agreement with Ampco would establish an annualized budget of $1,725,187.
The initial terms of the proposed agreement would have Ampco manage operations until September 2012, with four one-year extensions at CCDC's option. The agreement allows Ampco to sub-contract with the Car Park to supply a general manager and staff to manage the day-to-day operation of the parking garages.