1. The agreement is with Republic Parking System, LLC to provide downtown parking management services for a period of one year to not exceed $610,490.
2. The city will be able to renew its contract with the company for six additional one-year periods.
3. Republic will manage the operation of the garage, including contracts required to keep up the maintenance of that facility. Another component is turning two public parking lots in the area into paid ones. However, City Manager Bryan Heck said they will likely put a hold on that due to a delay in paving those lots.
4. The city will not purchase and implement paid parking meters at this time, but the city could authorize them in the future.
5. Republic will also conduct a parking analysis in the downtown area, which would include input from local business owners as well as from other stakeholders.
READ MORE: Springfield commissioners OK contract with parking management company
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