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Memo- Parking Lot 500 and 600 Reconstruction . . . \. I Public Works Department I Memorandum To: Honorable Mayor and Members of the City Council Steven J. Stadler, Public Works Director ~~ From: Date: June 9, 2000 Subject: Parking Lot 500 and 600 Reconstruction For several years now the city's Capital Improvement Plan has included a year 2001 project to reconstruct lots 500 and 600. The Yr 2001-2005 CIP is currently being developed and includes a proposed $350,000 project. Staff is proposing that the cost of these improvements be special assessed to property owners at a rate of 70%. The balance would be funded from City PIR funds. At the worksession, staff and engineering consultant, RLK-Kuusisto, will present a project development plan including the following items. - Develop concept plan~ fOCQar_king lot l~youU1 oth Avenue fU[lction - Meetings with property/business owners - SelecUapprove concept plan - Complete feasibility study The feasibility report would include estimated assessments using an assessment formula which could be based on: calculated need for parking spaces based on zoning requirements, a proximity factor and credit for private parking. City Council could decide whether or not to proceed beyond the feasibility report, Le., final design, based on business owner support, costs and estimated assessments. Staff would also like to discuss the need to master plan for certain elements of downtown improvements such as lighting, landscaping, dumpster clustering, etc. Some of these improvements overlap with interests currently being discussed by a CBO commercial property owners committee. PROJECT TITLE Cit Parking Lot Improvements SCHEDULED PROJECT ACTIVITY 2002 2003 2004 .CATf:GORY Transportation FUNDING SOURCE NUMBER PA.1 2001 2005 .Improve S sess PI 105,000 SA 245,000 LOCATION: 2001: Lots 500 and 600 DESCRIPTION: Redesign and reconstruct City Lots 500 and 600 north of Mainstreet between 9th and 11 th Avenues North. JUSTI FICA TION: Lots 500 and 600 are on or approaching a critical point on a deterioration curve. Seal coats and crack sealing will not redeem them. Mill and overlay are a minimum improvement needed. Project costs noted above are for total replacement of the bituminous pavement and curb installation. To address downtown parking issues an analysis is recommended for 2000, a feasibility report in 2000, and possible construction beyond what is here recommended in 2001. CURRENT STATUS/PROJECTED SCHEDULE: Lots 500 and 600 Plan - 199912000 Bid and Construction. 2001 RELATIONSHIP TO EX1STIN~ PLANS AND OTHER PROGRAMS: Lots 500 and 600 improvements based on comprehensive parking analysis. 5 Y EAR COST $350,000 FUTURE .. . Funding of Central Business District Parking System Cost Item Past/Current Funding Source Proposed Funding Source New lots/structures Assessments Tax Increment 100% Business District Service District or Assessments Maintenance snow plowing seal coating crack seal ing striping sweeping patching Parking Fund General Fund 100% City Parking or General Fund Rehabilitation/ Reconstruction lots ramp alleys minor improvements Tax Increment PIR Fund (taxes) Assessments 70% Business District Service District or Assessments 30% City PIR Fund (taxes) Improvements dumpster clustering . security lighting landscaping Tax Increment Assessments 100% Business District Service District or Assessments Enforcement parking officer permit administration Parking Fund Service District Parking Fund/General Fund .