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May 28, 2010
~couNCIL CCDD DI Ri-eIN't c~r4 n16,e-CJ FI N D I R
wag,Er FIRE CHIE FTO:
City Council
'Er-ATTORNEY ErPW DI REl(;
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LERK/ORIG a-POLICE CH F
FROM :
Jay D . Walter, Public Works Director
D P HEADS 2'REC DI R
0 0-UTIL DI R
"'--C'HR DI RVIA:
Katie Lichtig, City Manage r
SUBJECT : Response to Council Questions on the Parking Fund Review
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Several questions were posed by City Council members concerning the Parking Fund Review .
Vice-Mayor Carter asked if staff could provide tables of prior parking meter and structure rat e
increases and provide the timing for Chinatown and Garden Street Terraces . Councilwoman
Marx asked staff to provide financial numbers should the City decide to charge for parking o n
Sundays afternoons after church services .
Prior Parking Rate Increase s
The following charts provide the known parking rate increases for the parking meters and
parking structures provided by the City .
Low-rate meters outside of downtown core (typically 10 hour time limits )
Year
Hourly
Rate From
Hourly %
Rate To Increas e
1947 $0 .00 $0 .0 5
1982 $0 .05 $0 .10 100%
1988 $0 .20 $0 .30 50 %
1994 $0 .30 $0 .40 33 %
1998 $0 .40 $0 .50 25 %
2003 $0 .50 $0 .60 20 %
2006 $0 .60 $0 .75 25 %
*2010 $0 .75 $1 .00 33%
* pending increas e
High-rate meters in the downtown core (typically 2 hour time limits)
Year
Hourl y
Rate From
Hourly %
Rate To Increas e
1947 $0 .00 $0 .05
1977 $0 .05 $0 .10 100 %
1982 $0 .10 $0 .20 100 %
1988 $0 .20 $0 .30 50 %
1991 $0 .30 $0 .50 67 %
1994 $0 .50 $0 .60 20 %
1998 $0 .60 $0 .70 17%
2003 $0 .70 $0 .80 14%
2006 $0 .80 $1 .00 25%
RED FILE
MEETING AGENDA
PATE*q //v ITEM #
Response to Council Questions on the Parking Fund Review Page 2
Parking Structure rate s
Hourly Hourly Free Time %
Year Rate From Rate To Minutes Increas e
1987 $0 .00 $0 .25 0
1991 $0 .25 $0 .40 90 60 %
1992 $0 .40 $0 .50 90 25 %
2003 $0 .50 $0 .60 60 20 %
2004 $0 .60 $0 .75 60 25 %
*2010 $0 .75 $1 .00 60 33 %
* pending increas e
Timing of Chinatown and Garden Street Terraces Project s
For the purposes of the Parking Fund Review, staff report forecast the "soonest" fiscal year tha t
these projects would occur and not when they are likely to occur . So if these projects occur in a
later fiscal year than is forecast, it will only benefit the Parking Fund with increased revenues fo r
the parking lots that are taken for these projects . Determining the likely construction dates o f
these projects is very difficult to determine due to a host of factors, one being the uncertai n
financial markets for financing .
Chinatown has completed its entitlements in December 2009 . The Option Agreement fo r
acquisition of the City parking lots has a timeline of July 2014 before building permits must b e
issued for this project . To meet the terms of this agreement construction permits would have t o
be filed by July 2013, at the latest, to allow for sufficient review by the City . There have bee n
discussions of a phased construction that may mean the parking lots under construction will no t
be taken when the construction permit are issued . One lot may be taken immediately, leavin g
one for public parking, or both could be taken at the same time .
Garden Street Terraces expects to complete its entitlements in June 2010 followed by a redesig n
of the project, taking approximately a year. The Economic Development Manager expects th e
hearings for the redesign to be concluded by the summer of 2011 and issuance of constructio n
permits a year later in 2012 .
Financial Numbers for Charging on Sunday Afternoon s
A quick estimate of charging on Sunday afternoons from 12 pm to 6 pm using 2009-10 revenue s
and costs is provided below . This is not a detailed analysis because that would take a bit mor e
time for us to determine .
Revenues 320,00 0
Staffing Costs (31,200 )
Contract Services Costs (16,000 )
Printing Costs (4,000 )
Utilities (3,000 )
Operating Materials (4,000 )
Estimated Net Revenue 261,800
T :\Council Agenda Reports\Public Works CAR\2010\Parking\Enterprise Fund Rvw 2010\Red File Pkg Fund .doc