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...
Click here for full text