In fact, among the 45 aldermen who voted to approve it were Moore and two of the other sponsors of the ordinance, Ric Munoz and Manny Flores.
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THE AGREEMENT TO LEASE
WHEREAS, On December 2, 2008, Mayor Richard Daley announced that the City of Chicago entered an agreement to lease the parking meters to Chicago Parking Meters, LLC, a newly created entity led by Morgan Stanley, for $1,156,500,000; and
WHEREAS, In February of this year, the City of Chicago finalized the agreement with Chicago Parking Meters, LLC and transferred day-to-day management of the parking meter system to LAZ Parking; and
BE IT RESOLVED, That the City Council Committee on Finance shall conduct hearings into the process leading to the parking meter lease agreement with Morgan Stanley, the deficiencies in the implementation of the agreement, and the steps that will be undertaken to remedy these deficiencies; and
