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Item 9BCity of Southlake, Texas M E M O R A N D U M December 18, 2007 TO: Shana Yelverton, City Manager FROM: Robert H. Price, P.E., Public Works Director Consider approval of a limited term Valet Parking Services Use Agreement SUBJECT: with Hilton Southlake Town Square and Lone Star Valet Parking Service, Inc.to provide for use of the West Parking Garage, Level 4 for valet services. Action Requested : Consider approval of a limited term Valet Parking Services Use Agreement with Hilton Southlake Town Square and Lone Star Valet Parking Service, Inc. to provide for use of the West Parking Garage, Level 4 for valet services. Background Information : City staff has been approached by Cooper & Stebbins and the Southlake Hilton requesting the allowance of valet parking services to operate on the th 4 level of the West Parking Garage. The primary concern revolves around events scheduled for the New Year’s Eve events at the Southlake Hilton. The Southlake Hilton will be conducting the valet service outside of the public right-of-way; however, they will travelling on public right-of-way to access the garage. Furthermore, it is anticipated that the City of Southlake will have closed on the Town Square Parking Garages by the end of calendar year 2007. Therefore, as the owner of the West Parking Garage, it is appropriate for th the City to agree to the use of the 4 level of the West Parking Garage planned for use by the Southlake Hilton valet Service, should it choose to allow such a use.. This proposed agreement is temporary in nature and expires March 1, 2008. This will allow time for a more thorough agreement to be prepared by the City Attorney’s office for all future Town Square valet services. Financial Impact : An application fee of $500 for the permit application is required. Actual lease rates are being negotiated. Citizen Input / Board Review : None Legal Review : The agreement was prepared by the City Attorney’s office. th Alternatives : Approve or deny the agreement for the use of the 4 floor of the West parking garage for use by valet parking services in Town Square. Supporting th Documents : Proposed West Garage (4 Floor) Valet Services Parking Use Agreement will be presented at the City Council Meeting.