Tonight council is voting to award a $1.06 million contract (before tax) for the supply and installation of pay-parking equipment and a licence-plate recognition system. This includes maintenance and associated services such as licensing cots, implementation and software integration.
Additional costs total another $183,000 and include supply and installation of new signage, site preparation, modifications to Plaza Parkade to accommodate the licence-plate recognition system and contingency funds.
The system has an approximate life cycle of 10 years and city staff estimate it will take five years to pay back money to debt reduction and off-street parking reserve funds.
The city removed the parking metres downtown in 2009 for a two-year pilot program and voted in March 2012 to bring back pay parking.
