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Contract Extension for PCI <br />December 5, 2011 <br />Page 2 <br />In order to ensure the smooth implementation of any recommended actions from the parking <br />analysis, and in light of the fact that PCI continues to provide satisfactory services, staff <br />recommends that the last of the three, one-year options be exercised to extend the agreement <br />through December 2012. <br />FISCAL IMPACT <br />Funds are available in the Downtown Parking Facilities account (no. 02718861-62300)_ <br />`fi't-? ?. ?- ?.??, ? <br />Nancy T. ards <br />Interim Executive Director <br />Community Development Agency <br />NTE/FH/mlr <br />Exhibit: 1 . Contract Amendment <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />C\i?Ct\ ? ? n r ? ?? <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />,,?`? <br />25A-2