HomeMy WebLinkAboutIR 9525 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 9525
To the Mayor and Members of the City Council December 4, 2012
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SUBJECT: PROPOSED REVENUE SHARING AT MUSEUM PARKING LOT
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The purpose of this Informal Report to the City Council is to explain the staff's interpretation of
M&C C-25825, approved by the City Council on September 11, 2012, which authorized a lease of
the parking lot at 1600 Gendy Street to the Fort Worth Museum of Science and History
("Museum") for an annual rental amount of $12,000.00.
The M&C stated that under the lease, the Museum would manage and operate the parking lot at
their expense, allow only patrons of certain museums to park in the parking lot and retain any and
all revenue generated from the parking lot during the museums' operational hours.
In addition to the above, the parties have also agreed that during non-operational and non-peak
hours of operation, non-patrons may park in the parking lot and the revenue derived during these
hours will be shared as follows: 50% to the Museum of Science and History and 50% to the City
of Fort Worth's Municipal Parking Fund after deducting the Museum's non-operational hours'
parking lot expenses.
Staff believes that clarifying this detail will improve this arrangement for all parties, providing an
additional parking supply to the other venues within the Will Rogers Memorial Center during peak
parking demand conditions as well as an additional source of income to both the City of Fort
Worth's Municipal Parking Fund and the Museum of Science and History.
If you have any questions, please call Peter Elliott, Parking Manager, at 817-392-7977.
Tom Higgins
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS