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• AN ORDINANCE GRANTING LEASE AND MANAGEMENT <br />RIGHTS FOR THE CITY PARKING STRUCTURE TO <br />CHARLOTTESVILLE PARKING CENTER, INC., AND <br />AUTHORIZING THE CITY MANAGER TO EXECUTE AN <br />AGREEMENT THEREFOR. <br />WHEREAS, the proposal of the City of Charlottesville to grant certain lease <br />and management rights in and to the City Parking Structure located in the block <br />bounded by East Main Street, Fifth Street, N. E. , and East Market Street, for a <br />period in excess of five years, was duly advertised in accordance with the require- <br />ments of Chapter 2 of Article 9, Title 15.1 of the Code of Virginia, 1950, as <br />amended; and <br />WHEREAS, sealed bids were received by the City Council for the granting <br />of such lease and management rights at its regular meeting on December 15, 1975; <br />and <br />WHEREAS, the sole bid received, opened, and read aloud at such meeting <br />was the bid of Charlottesville Parking Center, Incorporated, for such lease and <br />management rights upon terms and conditions variously set forth in the lease and <br />management agreement granting such rights; and <br />. WHEREAS, the Council finds it to be in the best interest of the City to <br />accept such bid of Charlottesville Parking Center, Inc.; now, therefore, <br />BE IT ORDAINED by the Council of the City of Charlottesville: <br />§1. That the bid of Charlottesville Parking Center, Inc. for the lease and manage- <br />ment rights in and to the City Parking Structure is hereby accepted. <br />§2. That the City Manager is authorized to execute on behalf of the City a <br />document containing twenty-eight pages, styled <br />"City of Charlottesville, Virginia <br />Lease and Management Agreement <br />with <br />Charlottesville Parking Center, Inc." <br />setting forth the terms and conditions of such rights hereby granted. A copy of <br />such executed document shall be kept on file with the minutes of the meeting of <br />Council at which this ordinance was finally adopted. <br />Adopted: January 5, 1976 <br />• A copy teste: 1 <br />Cleric'of the CCCoouncil�_J <br />