ORDINANCE No. 7428

AN ORDINANCE AUTHORIZING HIS HONOR, THE MAYOR TO ENTER INTO A CONTRACT WITH A REPUTABLE CORPORATION, TO BE DETERMINED THRU PUBLIC BIDDING, FOR THE OPERATION AND MANAGEMENT OF THE PARKING LOT AT THE SUNKEN GARDENS ALONG TAFT AVENUE, INCLUDING THE USE OR DEVELOPMENT OF THE AREAS SURROUNDING THE SAID PARKING LOT, FOR A PERIOD OF TWENTY-FIVE (25) YEARS, UNDER CERTAIN CONDITIONS; AND FOR OTHER PURPOSES.