EXPLANATION OF REQUEST: Interlocal term: Upon execution - September 30, 2018
The CRA has completed the NE 4th Street Parking Lot & Street Enhancement Project located on the City owned property one block north of E. Ocean Avenue.
The Interlocal Agreement includes the terms and conditions under which the CRA shall be financially responsible for the management and property maintenance expenses for the NE 4th Street Parking Lot from the effective date until the time period ending on September 30, 2018. It is estimated that the annual maintenance expenses for the NE 4th Street Parking Lot would not exceed $10,000.
Beginning October 1, 2018 the City will assume the annual cost of maintenance and budget appropriately.