At the rate this company who bought the 75 year deal on parking meters is charging the City of Chicago, they will get back more from the city than they paid...not including the BILLIONS OF DOLLARS in parking meter money...and the former Mayor Daley is now paid a six figure salary by the law firm that handled this corrupt parking meter deal for a do nothing job...and nobody went to jail...AMAZINGThe private company that runs Chicago’s parking meter system has sent City Hall another big bill, bringing the total amount of money it’s demanding from taxpayers to nearly $50 million.
The Chicago Sun-Times reported May 4 that Chicago Parking Meters LLC already had sent two parking-reimbursement bills to the city totaling more than $27 million. One was a $14 million tab for revenues the company says it lost when the city took meters out of service last year because of street closures. A second, for $13.5 million, seeks reimbursement for free parking the company says it provided to people displaying disabled-parking placards or license plates for the year ending Feb. 28, 2011.
Mayor Rahm Emanuel’s administration had been bracing for another hefty disabled-parking reimbursement bill through the end of February 2012. That third bill — for $22 million — arrived May 17, according documents Emanuel’s administration provided to the Sun-Times this morning.
The mayor is refusing to pay all three bills, which total about $49.5 million, and has disputed how the company calculated them. Chicago Parking Meters has declined to respond to questions about the issue.
Using a formula outlined in the 521-page meter deal championed by former Mayor Richard M. Daley, Chicago Parking Meters calculated that drivers who displayed disabled-parking placards and plates got $27 million worth of free parking for 2011-2012.
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