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4 <br /> Flexible bollards must be placed at the exits to discourage drivers from driving over the <br /> curb and around the gate. If flexible bollards do not deter drivers from going around the <br /> gates,permanent bollards should be_installed. <br /> The cost of the modifications listed above is estimated to be $25,332.00 plus applicable <br /> sales tax (if any). This amount includes $13,890.00—cost of equipment, and $11,442.00 <br /> for labor and materials associated with installation. <br /> McLaurin Parking Company can provide and install the equipment within eight weeks of <br /> notice to proceed. Additional information regarding equipment specifications will be <br /> made available if this proposal is accepted in concept. <br /> Modifications to County Parking lot adjacent to Courthouse <br /> Implementation of fees for parking in the most convenient lot is appropriate to generate <br /> revenue that could be used to improve parking around the Courthouse in the future. <br /> Convenience is the primary factor people use when deciding where to park and many <br /> people are willing to pay for the most convenient parking. A pay station could be located <br /> in the lot and customers could be required to pay for parking in advance using cash or <br /> credit card. Parking spaces could be expected to generate an average of$5.00-$10.00 per <br /> day or more if a moderate rate of$1.00 per hour is charged. <br /> A Modern Access Systems pay station similar to the units in the parking deck can be <br /> purchased for$13,920.00 plus applicable sales tax (if any). Installation cost is difficult to <br /> estimate without knowing the precise location or the distance to power and interrnet <br /> communications. If power and communications cables are available outside of the <br /> building close to the location of the pay station, we would expect the installation cost to <br /> be $3,000.00 or less. Revenue production should be strong in this location and the hourly <br /> rate could be used to encourage short term parking and regular turnover. A lot with 35 <br /> spaces and a rate of$1.00 per hour should result in gross revenue of$55,000 - $65,000 <br /> annually. <br /> McLaurin Parking Company could also provide this equipment for a negotiated share of <br /> revenue from the lot. We provide a similar service for Gaston County Public Works in <br /> Gastonia,NC. We are available to discuss this information at the appropriate time. <br /> McLaurin Parking Company <br /> August 3, 2010 <br />