Title
[Contract] Agreement for the Purchase of Monthly Parking Permits at Capitol Garage: 925 L Street
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FileID
File ID: 2026-01725
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Location
Location: 925 L Street, District 4
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Recommendation
Recommendation: Pass a Motion authorizing the City Manager or designee to execute an agreement with SVACW 925, LLC, for the purchase of 155 monthly parking permits for use at Capitol Garage, located at 1126 11th Street, for a term of five years with one, five-year extended term option.
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Contact
Contact: Staci Kranitz, Parking Services Manager, (916) 808-5849, skranitz@cityofsacramento.org, Department of Public Works
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Presenter
Presenter: None
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Attachments
Attachments:
1-Description/Analysis
2-Agreement
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Description/Analysis
IssueDetail
Issue Detail: Since 1998, owners of the 925 L Street building have contracted with the City to purchase monthly parking permits for use at Capitol Garage which is located at 1126 11th Street. Those monthly permits have been distributed and used by employees working at 925 L Street, which is located directly across from Capitol Garage.
The current monthly permit agreement expires October 31, 2026, and the owners of 925 L Street would like to enter into a new agreement with the City to purchase up to 155 monthly parking permits for a term of five years with one, five-year extended term option.
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PolicyConsiderations
Policy Considerations: This recommendation is consistent with City Code section 3.04.020 regarding approval by City Council of agreements involving income of $250,000 or more and supports the Central City Parking Master Plan goal to make parking safe, secure, attractive and convenient.
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EconomicImpacts
Economic Impacts: None.
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EnvironmentalConsiderations
Environmental Considerations:
California Environmental Quality Act (CEQA): This project is exempt from the California Environmental Quality Act under Section 15301, “Operation of existing public structures or facilities involving no expansion of use.”
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Sustainability
Sustainability: This action supports the City of Sacramento’s sustainability goals to improve and optimize the transportation infrastructure.
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Commission/Committee Action
Commission/Committee Action: None.
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RationaleforRecommendation
Rationale for Recommendation: By approving the new agreement, tenants and employees of the 925 L Street building will continue to have a long-term source of parking at Capitol Garage. Parking permits issued under the new agreement will be valid from 6:00 a.m. to 6:00 p.m. to accommodate event parking at Capitol Garage.
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FinancialConsiderations
Financial Considerations: Permits issued under the new agreement will continue to be billed at 110 percent of the prevailing market rate. Based on the current monthly parking fees at Capitol Garage, total revenue collected during the initial term and potential extended terms will be up to $1.9 million dollars. All revenue collected will be credited to the Parking Fund (Fund 6004).
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LocalBusinessEnterprise
Local Business Enterprise (LBE): Not applicable.
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