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IV.5. Proposed Parking Permit Fee Increase for Electric Car Permits; Harkess (CR2016-114) November 14, 2016 Council Report 2016-114 PROPOSED PARKING PERMIT FEE INCREASE FOR ELECTRIC CAR PERMITS Proposed Action Staff recommends adoption of the following: Move to approve Resolution 2016-079 Parking Permit Rate Increase for Electric Car Permits. Approval of the motion will increase parking permit fees Electric Car Permits from $280 for $300 for an annual permit and from $77 to $85 for a quarterly permit. Overview Current ramp parking permit fees for an electric car are $77 per quarter or $280 per year. When the non-electric car permit fees were reviewed we did not recommend an increase in the electric car permit fees. We have come to realize that the fee for the electric car permit is not keeping up with the cost of offering an electric car parking stall that comes with a charging station. The electric car permit fee has not been increased since it was implemented in 2009. Primary Issues to Consider  Cost of offering an electric car parking stall with charging station. Staff Recommendation Finance recommends increasing the current electric car parking permit rates as stated above cover the cost of providing an electric car parking permit stall and charging station.. The change in rates would take effect January 1st, 2017. Supporting Information  Resolution 2016-079 Christine M. Harkess, CPA, CGFM Finance Director Financial Impact: minimal Budgeted: Y/N X N Source: Parking Fund Related Documents (CIP, ERP, etc.): __CIP __ Notes: ____________________ CITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLUTION 2016-079 PARKING PERMIT RATE INCREASE FOR ELECTRIC CARS 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 for electric cars at the following rates: Electric Car Permits Annual $300 Quarterly $ 85 EFFECTIVE DATE: The provisions of this resolution shall take effect January 1, 2017. Adopted by the City Council of the City of Hopkins, Minnesota, this 14th day of November 2016. _______________________________ Molly Cummings, Mayor ATTEST: ___________________________________ Amy Domeier, City Clerk