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2014-071 Approving Parking Permit Rate IncreaseCITY 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: Parkine 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. EugdWJ. M.6well, Mayor ATTEST: abo' t /w Amy Domeier, City Clerk