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HomeMy WebLinkAboutCitizen Council Parking Ad Hoc Update PresentationCity Council Meeting Parking Ad Hoc Committee Update May 28, 2024 Parking Ad Hoc Committee Timeline Ad Hoc Meetings: 2023: September 13, September 27, October 12, November 29, December 4 2024: February 1 2023 Town Hall Meetings October 26, October 30, November 14 Public Survey October 15 - November 17, 2023 1227 responses Old Town Parking Options •Options for Consideration •20 Minute Spaces •Old Town Employees •Transit Passes •Low-Income Parking Permits •Carpool passes •Expand 8th Street Municipal Lot Permit Program •Update City Hall Parking Permit Policies •Employee Parking Permit for Residential areas •Seasonal Rates •Switch Existing Main St On Street / Off Street Policies •Paid On Street / Time Limit Off Street There are not any Shared Parking Opportunities in Old Town at this time Main Street Parking Lots - Escalating Escalating Rate: $1/Hour for Hours 1 and 2 and an optional 3rd Hour at $2 Revenue Projection ~$24,000 (assuming 25% of existing transaction added 3rd hour) Main Street – On Street Revenue Projection Main Street Zone – Year 1 $1.00 per hour Projected Annual Revenue $397,237.00 Equipment & Operating Cost $182,950.00 Net Gain $214,287.00 $2.00 per hour Projected Annual Revenue $795,922.00 Equipment & Operating Cost $182,950.00 Net Gain $612,972.00 $1.00/hour, $3.00/hour after 2 hours Projected Annual Revenue $618,648.00 Equipment & Operating Cost $182,950.00 Net Gain $435,698.00 Main Street – On Street Estimated Cost 20 pay stations x $7,825 = $156,500 (one time purchase) Monthly $45 x 12 x 20 = $10,800 (annual) Spare parts – assumes 10% of the purchase price = $15,650 Year 1 Total = $182,950 Annual Reoccurring = $26,450 Estimated Annual Revenue ~$400,000 Comparable Cities – On Street Hourly Rates Ad Hoc Recap February 1, 2024 Motion (5 – 3) In favor of the motion -No paid parking at the curb on Main St. -If Council chooses to disregard the “No,” bring it back to the committee to rediscuss. December 4, 2023 Motion Unanimous in favor of the motion -Proceed with comprehensive wayfinding signage program -Expand bike parking along Main Street -Pay to stay – allow additional time with escalated rate (Main Street lots) -Current rate, $1 escalate the third hour to $3 -Pilot program for active loading passenger pick up between Main and 10th at the discretion of the Chief THANK YOU Main Street Occupancy (including Main Street Lots) Average Occupancy Main Street Main Street Adjacent Main Street Parking Lots April – October 2023 7:00 am – 6:00 pm 10 Main Street Potential Inventory Map Estimated 20 pay stations supplemented with options for mobile payment & pay by text 11 Main Street Potential Inventory Map Month Main St On-Street Main St Adjacent On-Street Main St Off-Street November 2022 70%72%14% December 2022 71%72%15% January 2023 75%76%28% February 2023 75%82%43% March 2023 75%81%42% April 2023 78%79%47% May 2023 77%79%44% June 2023 82%85%54% July 2023 83%86%64% August 2023 76%83%52% September 2023 73%81%45% October 2023 78%81%41% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%OccupancyMonth Main St Occupancy by Month Main St On-Street Main St Adjacent On-Street Main St Off-Street Main Street Occupancy (including Main Street Lots) Off-street consistently has lower occupancy than on-street. 12