2024 Garage Figures Summary

This is a supporting financial document for the City of Royal Oak, Michigan's Parking Operator RFP. The document provides detailed operational and financial data for the city's four parking garages, which collectively contain approximately 2,500 parking spaces across the municipal parking system. The file supports the comprehensive parking management RFP released on October 10, 2025, with electronic proposals due through the city's procurement portal by 12:00 pm on either November 21, 2025, or December 19, 2025 (with the latter date representing an extended deadline). The successful contractor will manage all parking operations including enforcement, revenue collection, equipment maintenance, and permit administration across the four garages, ten surface lots with 770 spaces, and 814 on-street parking spaces in downtown Royal Oak. Shortlist interviews are scheduled for January 2026, with contract award expected in February-March 2026 and a go-live date of June 1, 2026. The contract will be structured for a three-year period with provisions for price adjustments.

The 2024 Garage Figures document provides historical financial baseline data essential for proposers to develop accurate cost estimates and revenue projections. The contract operates under a performance-based compensation model where the contractor is reimbursed for documented operating costs through monthly invoicing, with all parking revenues remaining the property of the City of Royal Oak. No specific budget allocation is disclosed; rather, costs will be determined based on actual operating expenses and subject to inflation adjustments. The city will provide essential operational support including an LPR-equipped vehicle, collection vehicle, office space, and citation devices. Proposers must maintain comprehensive insurance coverage including $1,000,000 in commercial general liability and workers' compensation insurance, and must submit required certifications including non-collusion affidavits and verification of not being an Iran Linked Business.