Harrisburg Mayor Eric Papenfuse spoke to board members of the Pennsylvania Economic Development Financing Authority (PEDFA) Wednesday afternoon.

Mayor Papenfuse.

Our relationship with SP Plus and PK Harris is good and improving. Our relationship with CREDC is poor and getting worse.

The Official Statement of the PEDFA $286 million revenue bonds states that CREDC shall be paid $8K a month plus expenses.

Official Statement Page 338.

ARTICLE V CREDC FEES SECTION 5.01. Fees of CREDC. In consideration of the performance of CREDC's services under this Agreement, and subject to the provisions of Section 4.08 herein, CREDC shall be paid such reasonable fees as proposed by CREDC in each year of the Term. Initially, the fee of CREDC shall be $8,000.00 per month, payable in advance on the first business day of each month commencing on January 2, 2014. In addition, CREDC shall be paid a pro rated monthly fee, based on such initial amount, for the period from December 23, 2013 through January 2, 2014.

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Official Statement of the $286,553,663.70 Pennsylvania Economic Development Financing Authority Parking System Revenue Bonds.

Capitol Region Parking System 758 Page Statement.

Map of Midtown. New Meters.

The zones where new meters are permitted. Competitive Parking Area.