HomeMy WebLinkAboutCC RESO 2019-75RESOLUTION NO. 2019 — 75
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY APPROVING A
LOAN FROM THE CITY OF NATIONAL CITY TO THE PARKING AUTHORITY OF THE CITY
OF NATIONAL CITY AND RATIFYING BUDGETARY ADJUSTMENTS ASSOCIATED WITH
THE CITY'S THREE-YEAR SERVICE AGREEMENT WITH IPS GROUP, INC. IN THE
AMOUNT OF $320,000
WHEREAS, on June 20, 2017, by adoption of Resolution No. 2017-103, the City
Council approved the Parking Action Plan ("PAP") for Downtown National City to address
existing and future parking demands; and
WHEREAS, on November 7, 2017, by adoption of Ordinance No. 2017-2441, the
Council approved the Downtown Specific Plan Proposed Amendment and identified parking as
one of the Plan's goals; and
WHEREAS, on October 16, 2018, staff brought forward an agenda item seeking
execution of a three-year Agreement with IPS Group ("IPS") for $320,000 for IPS to provide
parking management equipment and software support; and
WHEREAS, authorization for the Mayor to execute the Agreement with IPS was
provided by Council's adoption of Resolution No. 2018-183; and
WHEREAS, in accordance with Resolution No. 2018-183, the cost of the
Agreement is to pay General Fund fund balance with reimbursement through the Parking
Authority of the City of National City ("Parking Authority") at a later time; and
WHEREAS, Resolution No. 2018-183 also approved payment of the cost of the
Agreement using General Fund fund balance with the General Fund's being reimbursed through
the Parking Authority; and
WHEREAS, Approval of the loan from the General Fund to the Parking Authority
Fund will initially reduce the unassigned fund balance of the General Fund by $320,000;
however, upon full payment of principal and interest, the unassigned fund balance of the
General Fund will be increased by the payment of interest; and
WHEREAS, the Parking Authority Fund will incur the cost of interest on the loan;
and
WHEREAS, staff is requesting approval of a loan of $320,000, the IPS
Agreement amount, from the City's General Fund to the Parking Authority Fund and ratification
of budgetary adjustments in the same amount to account for the transfer of the funds for IPS
Agreement expenses.
Resolution 2019 — 75
Page Two
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
National City hereby authorize a loan from the City of National City to the Parking Authority of
the City of National City in the amount of $320,000 and Approves ratifying budgetary
adjustments associated with the City's three-year service Agreement with IPS Group, Inc. in the
amount of $320,000.
ATTEST:
PASSED and ADOPTED this 21st day of May, 2019 op
Alittp
: andT.``otJb-S•lii,
Michael R. Dallb, City Clerk
APPROVED AS TO FORM:
Passed and adopted by the Council of the City of National City, California, on
May 21, 2019 by the following vote, to -wit:
Ayes: Councilmembers Cano, Morrison, Quintero, Rios, Sotelo-Solis.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: ALEJANDRA SOTELO-SOLIS
Mayor of the City of National City, California
City Clerk of the City of National City, California
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2019-75 of the City of National City, California, passed and adopted
by the Council of said City on May 21, 2019.
City Clerk of the City of National City, California
By:
Deputy