Title
2015 BUSINESS PLAN - PARKING OPERATIONS
1. That the Parking Operations base budget, with gross expenditures of $2.3 million and gross revenues of $2.3 million, be approved.
2. That the following changes to parking operations as well as the required changes to any related by-laws, be implemented effective July 1, 2015 with the net impact of a $23,503 operating deficit in 2015 in the Parking Fund:
a) The provision of Gallie Court and Quarry Ridge Paid Parking from 9 a.m. to 12 midnight with an increase in the hourly rate to $2.50 per hour and including the delineation of parking stalls to reduce sightline conflicts at driveways and maximize on street parking, resulting in an estimated $60,000 in additional projected annual revenue ($30,000 in 2015);
b) The conversion of the Marina Parking Lot to a 24/7 Hybrid Lot with free parking passes provided to all seasonal boat slip users in 2015 resulting in approximately $3000 in additional revenue in 2015;
c) The implementation of Weekday (Monday to Friday) Evening Parking Hours from 5:01 p.m. to 3:00 a.m. with a flat rate of $2.00 per evening, resulting in an approximately $800,000 in additional projected annual revenue ($400,000 in 2015);
d) The following amendments with respect to the Collier Street Parkade operations and rates, resulting in an approximately $10,000 in reduced projected revenue ($5,000 in 2015):
i. The hours of operation be amended to reflect the standard hours of operation and enforcement in all other off-street lots;
ii. The hourly rate between 9 am and 5 pm be established at $1.25 per hour;
iii. The rate between 5:01 p.m. and 3:00 a.m. be established at $2 per evening; and
iv. The elimination of paid parking on weekends.
e) The implementation of a pay by cell pilot project to provide additional payment options; and
f) The development of a plan for a Downtown resident evening parking pass system and a free evening parking pass for volunteers as well as options for patrons of the Uptown Theatre, with a report back to General Committee.
3. That the 2016 Business Plan be prepared with the costs associated with snow clearing related to parking spaces and lots (estimated in the amount of $126,000 in 2015), transferred from the Parking Reserve to the tax-supported operating budget. (File: T00)
4. That the matter of parking fees and accessibility for boat slip holders be referred back to the Infrastructure, Investment and Development Services Committee for development of a plan for 2016.