Sandy Springs staff to seek one-year extension option with Red Speed; city takes 65% of parking enforcement revenue

City staff told the Sandy Springs City Council at a budget workshop on May 26 that the existing parking-enforcement contract with Red Speed yields 65% of collected revenue to the city and 35% to the contractor and that staff will meet with Red Speed to explore a possible one-year extension with options to renew.

Eden, the city manager, said the revenue split is 65% to the city and 35% to Red Speed and that, per council guidance at an earlier meeting, staff will meet with the vendor later in the week to discuss an extension that could be presented at the council’s second meeting in June if Red Speed is interested. "The city receives 65% of the revenue that is charged and collected. Red Speed receives 35%," Eden said.

Council discussion focused on preserving flexibility in any contract renewal so that the city could opt not to renew later. No formal action was taken at the workshop; staff said a contract item would be brought back for council consideration if Red Speed is willing to pursue a one-year extension with renewal options.