City, Parking Authority Set Amended Cooperation Agreement
City of ReadingCity · Reading, PA- Disclosed value
- $1,761,000 annually, payable in monthly installments
- From agendapacket
- Document date
- Aug 8, 2026
The 30-second brief
The City of Reading is considering an Amended Cooperation Agreement with the Reading Parking Authority to continue the Authority’s management of on-street parking operations and related functions. Under the agreement, the Authority will retain parking revenues and make an annual $1,761,000 payment to the City over an initial three-year term with automatic three-year renewals. The arrangement runs concurrently with a Parking Facilities Agreement and is subject to an existing covenant with Fulton Bank, N.A.
Reading Parking Authority holds this contract with City of Reading. Its other public contracts on record include work for Twin Valley SD.
Term as filed: Initial term of three (3) years from Effective Date, with automatic three-year renewals unless either party gives 90 days’ notice before a renewal date.
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Contract details
- Amount
- $1,761,000 annually, payable in monthly installments
- Document date
- August 8, 2026
- Term
- Initial term of three (3) years from Effective Date, with automatic three-year renewals unless either party gives 90 days’ notice before a renewal date
- Agency
- City of Reading
- Source document
- City of Reading AgendaPacket Committee of the Whole Meeting 2026-08-10 (AgendaPacket)
Reading Parking Authority's other public contracts
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Questions about this contract
Who was awarded the government contract by City of Reading?
Reading Parking Authority was awarded this government contract by City of Reading, as recorded on August 8, 2026. The contract value is $1,761,000 annually, payable in monthly installments.
How much is the Reading Parking Authority contract with City of Reading worth?
The Reading Parking Authority contract with City of Reading is valued at $1,761,000 annually, payable in monthly installments.
What type of contract is this?
This is a government contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of Reading AgendaPacket Committee of the Whole Meeting 2026-08-10 (AgendaPacket), dated August 8, 2026 from City of Reading. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Reading Parking Authority hold?
Reading Parking Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Reading currently buying?
Explore City of Reading's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.