Parking Access Revenue Control Systems (PARCS) Contract Award Negotiation Selection

Critically, these limitations present a significant barrier to delivering Toronto Parking Authority's broader strategic objectives and have been identified as one (1) of the organization's top four (4) enterprise risks under the Enterprise Risk Management (ERM) framework; specifically, the risk associated with aging parking equipment. De-risking our operating platform is critical not only to Toronto Parking Authority's core operations, but also to position the organization for long-term sustainable growth in the competitive marketplace. As a multi-modal mobility operator with established channels in Parking, EV charging, and Bike Share, Toronto Parking Authority is uniquely positioned to become a leading provider of integrated, mobility solutions in Toronto. Modernizing the PARCS is a foundational step toward this vision. Our proposed next-generation PARCS platform will significantly enhance the parking experience for both individual (B2C) and commercial (B2B) users by delivering seamless digital access, real-time functionality, and integrated permit and payment systems. Strategically, the modernization of PARCS will allow Toronto Parking Authority to future-proof its business model by shifting growth weighting from traditional infrastructure to scalable, technology-enabled platforms. It enables Toronto Parking Authority to expand its role within the broader mobility-as-a-service ecosystem integrating parking with EV charging, Bike Share Toronto, and ultimately, higher-order transit services such as TTC and GO Transit. Failure to act will limit the Toronto Parking Authority's capacity to partner with public and private sector partners in our eco-system. Operationally, the implementation of a modern PARCS platform will streamline internal workflows, reduce manual processing, and improve service reliability through automation and remote monitoring. These efficiencies will translate into reduced operational costs, fewer customer service issues, and an improved ability to manage increasingly complex parking environments. At the same time, the platform's data-driven capabilities will support evidence-based decision-making in real time, enhance our asset management practices, and contribute to Toronto Parking Authority's broader digital transformation and environmental sustainability objectives. This investment will establish a long-term strategic collaboration with a globally recognized vendor, bringing proven technology, innovation capacity, and implementation expertise. This relationship will enable Toronto Parking Authority to implement innovative mobility solutions, adapt to changing market demands faster, and deliver better outcomes for our customers and city.

2. The Board of Directors, Toronto Parking Authority, direct that the confidential attachment to the Report (June 27, 2025) from President, Toronto Parking Authority remains confidential in its entirety, as it relates to a trade secret or scientific, technical, commercial, financial, or labour relations information, supplied in confidence to the Toronto Parking Authority, which if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.