CR 04-180 Propsed Parking Permit Fee Increases
G \ T Y OF
October 28,2004 - Council Report 2004- 1 80
HOPKINS
. PROPOSED PARKING PERMIT FEE INCREASES
Proposed Action
Staff recommends adoption of the following: Move to approve Resolution 2004-86 increasing the parking permit
fees as follows - daily fee from $2 to $3; monthly fee from $15 to $17; quarterly fee from $40 to $43; and the
annual fee from $140 to $150 effective January 1, 2005.
Overview
Current ramp and municipal lot parking permit fees are $2 per day, $15 per month, $40 per quarter and $140 per
year. 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. Expenses have increased from $114,600 in 1997 to
approximately $148,000 in 2004 and while revenues have increased from $49,007 in 1997 to approximatley
$100,000 in 2004 they have not kept up with the increasing costs of enforcement of parking regulations and
maintaining the municipal lots and parking ramp. The source of revenue for the maintenance of the parking
facilities is permit fees, court fines and interest. As our facilities age, especially the parking ramp which will be
15 years old, we will need to provide the resources to adequately maintain them. Current fund balance in the
parking fund as of September 30, 2004 is $298,203. Capital improvements planned for 2005 are city parking lot
improvements at $250,000 which will be funded from the Capital Improvement Fund. Despite the proposed rate
increase we project a 2005 budget deficit of $37,991.
Primarv 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
enforcement and maintenance of city owned parking lots and ramp. The change in rates would take effect January
1st, 2005.
Supportin2 Information
. Resolution 2004-86
. Summary budget information
. Analysis of past rate increases
/!' !','JC, 71>, . ,/;; '- -,::,j; l~'> / /,.,
,,' /,.J '/~G / " .< ~l; v
Christine M. Harkess, CPA, CGFM
Finance Director
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CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
. RESOLUTION 2004-86
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:
Annual Permit Fee $150
Quarterly Permit Fee $ 43
Monthly Permit Fee $ 17
Daily Permit Fee $ 3
EFFECTIVE DATE: The provisions of this resolution shall take effect January 1,2005.
e Adopted by the City Council of the City of Hopkins, Minnesota, this 2nd day of November, 2004.
Eugene J. Maxwell, Mayor
ATTEST:
Terry Obermaier, City Clerk
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CITY OF HOPKINS, MN
. ANALYSIS OF PROPOSED PARKING PERMIT FEE INCREASES
Year Daily Monthly Quarterly Annual
2005 $3.00 $ 17.00 $ 43,00 $150,00
2004 $2.00 $ 15,00 $ 40.00 $140.00
2003 $2.00 $ 15.00 $ 38,00 $130.00
2001 $2.00 $ 15.00 $ 35.00 $120,00
1997 $2.00 $ 15.00 $ 32.00 $110.00
1996 $1.50 $ 14.00 $ 30.00 $105,00
1995 $1.00 $ 13.00 $ 28.00 $100.00
1994 $1.00 $ 12.00 $ 26.75 $ 96.00
1992 $1.00 $ 11.50 $ 25.50 $ 92.00
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