Raleigh City Council Agenda 2026-06-02
City Awards New Off-Street Parking Management Contract
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Description
Raleigh will award a three-year off-street parking management contract to The Car Park Group, LLC at $2,186,418 per year, with two optional one-year extensions and 3% annual increases. The agreement covers operations of ten garages and five lots and adds staff and equipment for janitorial, security, and aesthetic improvements.
Contract Details
Contract Amount
$2,186,418 annually with 3% annual increase
Vendor
CAR PARK GROUP LLC
Agency
Raleigh Water, NC
Contract Type
FACILITIES
Document Date
May 30, 2026
Contract Term
Three years with two one-year extension options; current contract with The Car Park, LLC ends June 30, 2026
Renewal Info
Contract includes two one-year extension options beyond the initial three-year term; annual compensation increases 3% each year. If a parking asset is released, its management cost is removed.
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