VI.3. Approve Resolution 2014-071, Increasing Parking Permit Fees for 2015
November 5, 2014 Council Report 2014-124
PROPOSED PARKING PERMIT FEE INCREASES
Proposed Action
Staff recommends adoption of the following: Move to approve Resolution 2014-071 Parking Permit Rate
Increase.
Approval of the motion will increase parking permit fees as follows: daily fee and overnight fee– no change;
monthly fee – from $27 to $30; quarterly fee from $65 to $70; the annual fee from $215 to $225, and no change to
the Electric Car Permit fee of $280 for an annual permit or $77 for a quarterly permit.
Overview
Current ramp and municipal lot parking permit fees are $3 per day, $27 per month, $65 per quarter, $215 per year
along with an overnight parking fee of $25. An increase in the parking permit rates will help offset the raising
cost of maintenance and enforcement of the city owned municipal lots and the aging municipal ramp.
The sources of revenue for the maintenance of the parking facilities are permit fees, court fines and interest. As
our facilities age, especially the parking ramp which is over 20 years old, we will need to provide the resources to
adequately maintain them. Current fund balance in the parking fund as of October 20, 2014 is $143,645 which is
down from a high of $358,150 in 2001. The fund balance has declined every year since 2001. We have
tentatively budgeted $250,000 for masonry repairs in the ramp based on a 2013 conditions appraisal. This
expenditure will put a strain on the Parking Fund and we may need to explore other financing options for this
project or do it in phases.
Primary Issues to Consider
Why is the rate increase recommended?
Past permit rates
What are the proposed capital improvement projects?
Staff Recommendation
Finance recommends increasing the current parking permit rates as stated above to provide revenue for the continued
st
enforcement and maintenance of city owned parking lots and ramp. The change in rates would take effect January 1,
2015.
Supporting Information
Resolution 2014-071
Summary budget information
Analysis of past rate increases
Christine M. Harkess, CPA, CGFM
Finance Director
Financial Impact: approximately $3,000 Budgeted: Y/N X N
Source: Parking Fund
Related Documents (CIP, ERP, etc.): __CIP __ Notes: ____________________
CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2014-071
PARKING PERMIT RATE INCREASE
WHEREAS
, the City of Hopkins has established Ordinance No. 91-1310, City Code
section 1310.11 which defines parking permit rates and allows adoption of fees through council
resolution, and,
WHEREAS,
it is estimated the present parking permit rates are not sufficient to cover
operating and enforcement expenses over the next five years and will not provide sufficient
funding for capital improvements to the municpal lot and parking ramp;
NOW, THEREFORE
, be it hereby resolved that the City Council of the City of Hopkins
hereby sets the parking permit fees at the following rates:
Parking Permits Electric Car Permits
Annual $225 Annual $280 (no change)
Quarterly $ 70 Quarterly $ 77 (no change)
Monthly $ 30 Monthly not available
Daily $ 3 (no change) Daily not available
Overnight $ 25 (no change)
EFFECTIVE DATE: The provisions of this resolution shall take effect January 1, 2015.
Adopted by the City Council of the City of Hopkins, Minnesota, this 5th day of November 2014.
_______________________________
Eugene J. Maxwell, Mayor
ATTEST:
___________________________________
Amy Domeier, City Clerk
CITY OF HOPKINS, MN
ANALYSIS OF PROPOSED PARKING PERMIT FEE INCREASES
Percent Increase
YearDailyMonthlyQuarterlyAnnualOvernightDailyMnthlyQtlyAnnualOvernight
20153.00$ 30.00
0.00%11.11%7.69%4.65%0.00%
$ $ 7 0.00$ 225.00$ 25.00
+3.00/mo+ 5.00/qtr+ 10.00/yr
= $1.66/mo= $0.83/ mo
20143.00$$ 27.000.00%8.00%8.33%7.50%
$ 65.00$ 2 15.00$ 25.00
+2.00/mo+ 5.00/qtr+ 15.00/yrnew
= $1.66/mo= $1.25/ mo
20123.00$$ 25.000.00%0.00%9.09%8.11%
$ 60.00$ 2 00.00
20113.00$$ 25.000.00%25.00%17.02%15.63%
$ 55.00$ 1 85.00
20093.00$$ 20.000.00%17.65%9.30%6.67%
$ 47.00$ 1 60.00
20053.00$$ 17.0050.00%13.33%7.50%7.14%
$ 43.00$ 1 50.00
20042.00$$ 15.00
$ 40.00$ 1 40.00
20032.00$$ 15.00
$ 38.00$ 1 30.00
20012.00$$ 15.00
$ 35.00$ 1 20.00
19972.00$$ 15.00
$ 32.00$ 1 10.00
19961.50$$ 14.00
$ 30.00$ 1 05.00
19951.00$$ 13.00
$ 28.00$ 1 00.00
19941.00$$ 12.00
$ 26.75$ 9 6.00
19921.00$$ 11.50
$ 25.50$ 9 2.00
DEPARTMENT - PARKINGFUND 214
REVENUE AND EXPENDITURE DETAIL SUMMARY
07/31/2014
ActualActualActualBudgetBudgetPercent
CODE20122013201420142015Change
REVENUE
360Court Fines$22,420 $22,207 $9,816 $22,000 $22,000
370Interest Earned788 (644) 2,248 1,000 500 -50.00%
381Leased Parking74,884 70,167 74,182 73,000 74,000 1.37%
TOTAL 91,72998,092 86,246 96,000 96,500 0.52%
EXPENDITURES
Salaries and Employee Benefits
500Regular Employees37,592 38,279 21,756 41,023 42,190 2.84%
503Part-Time Employees533 669 376 500 500
525P.E.R.A. Contribution2,729 2,776 1,469 2,974 3,165 6.42%
526F.I.C.A. Contribution2,889 2,952 1,563 3,177 3,266 2.80%
527Employee Benefit Plan552 368 268 390 390
531Workers' Compensation Insurance250 291 141 335 281 -16.12%
535Paid Leave Accrual249 (723) 151 259 267 3.09%
TOTAL44,794 44,612 25,724 48,658 50,059 2.88%
Material, Supplies and Services
540Office Supplies- - - - -
541Uniforms/Clothing519 510 349 500 500
542General Supplies878 3,076 84 2,100 1,100 -47.62%
543Equipment & Vehicle Parts889 2,358 192 750 750
549Motor Fuels and Lubricants3,145 3,175 1,708 3,200 3,200
565Maint. & Repair- Structures6,076 10,040 1,676 6,000 2,000 -66.67%
563Maint. & Repair- Equip. & Vehicles61 41 25 500 500
568Printing696 858 - 750 750
580Audit150 150 150 150 150
582Expert & Professional Services- 28,000 - - -
583Other Contractual Services3,792 12,585 2,127 3,550 4,000 12.68%
584Telephone - Local1,243 869 485 1,000 1,000
587Radio257 46 - 480 480
604Electricity10,061 12,101 6,093 9,500 10,000 5.26%
621Space Allocation5,688 5,746 3,280 5,624 5,540 -1.49%
622Administrative Fee2,961 2,048 1,188 2,036 1,839 -9.68%
623Garage - Labor & Burden714 2,016 1,596 800 800
624Equipment Allocation1,355 1,287 787 1,349 1,410 4.52%
651Fleet Liability306 417 187 320 320
652General Liability3,652 4,212 2,543 4,359 4,490 3.01%
653Property Insurance5,127 5,083 2,475 4,243 5,516 30.00%
TOTAL47,570 94,620 24,944 47,211 44,345 -6.07%
Capital Outlay
720Other Improvements26,055 - - - 250,000
EXPENDITURE TOTA
L$118,419 $139,232$50,667 $95,869 $344,404 259.24%
NET SOURCE (USE) OF FUND
BALANCE
(47,502)(20,327) 35,579 131 (247,904) -189339.69%
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