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CR2008-096 Approve Resolution 2008 -058 Parking Permit Fee Increases~ ~., October 2l, 2008 ~ ~ ~~ Council Report 2008-096 PROPOSED PARKING PERMIT FEE INCREASES Proposed Action Staff recommends adoption of the following: Move to approve Resolution 2008-058 Parking Permit Rate [ncrease. Approval of the motion will increase parking permit fees as follows -daily fee - no change; monthly fee from $17 to $20; quarterly fee from $43 to $47; and the annual fee from $150 to $160 and will add an Electric Car Permit fee of $280 for an annual permit or $77 for a quarterly permit effective January 1, 2009. (lv~r~~iPw Current ramp and municipal lot parking permit fees are $3 per day, $17 per month, $43 per quarter and $ 150 per year and have been in place since 2005. 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 increased from $114,600 in 1997 to approximately $148,000 in 2004 and have declined to around $105,000 in 2009 primarily due to a reduction in parking enforcement officers from 2 to 1. While revenues have increased from $49,007 in 1997 to approximatley $100,000 in 2004 they too have declined as our court fines revenues have decreased. So, while we have been working to keep expenditures down the revenues have decreased so we've not made progress at getting the revenues sufficient to support the operations. 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 will be 18 years old, we will need to provide the resources to adequately maintain them. Current fund balance in the parking fund as of October 17, 2008 is $249,503. There are no capital improvements planned for 2009 other than $10,000 for safety galvanized cable replacement which will be paid from the Parking Fund. Despite the proposed rate increase we project a 2009 budget deficit of $ l 9,400. 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 and implementing an electric car permit 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 ls', 2009. Supporting Information • Resolution 2008-058 Summary budget information Analysis of past rate increases •- ~a ' Christine M. Harkess, CPA, CGFM Finance Director Financial Impact: a~pro~imately $3,000 Budgeted: YIN X N Source: Parking_Fund Related Documents (CIP, ERP, etc.): _CfP Notes: CITY OF HOPKINS HENNEPIN COt1NTY, MINNESOTA RESOLUTION 2008-058 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 Annual $160 Quarterly $ 47 Monthly $ 20 Daily $ 3 Electric Car Permits Annual $280 Quarterly $ 77 Monthly not available Daily not available EFFECTNE DATE: The provisions of this resolution shall take effect January 1, 2009. Adopted by the City Council of the City of Hopkins, Minnesota, this 2l st day of October 2008. Eugene J. Maxwell, Mayor ATTEST: Terry Obennaier, City Clerk CITY OF HOPKINS, MN ANALYSIS OF PROPOSED PARKING PERMIT FEE INCREASES Year Daily Monthly Quarterly Annual 2009 $ 3.00 $ 20.00 $ 47.00 $160.00 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 C O O O O O O O O ~, O C O O ~ ~ '" M v1 I~ O d' ~ d' v~ GO O ~ ' O O o0 U ~'? ~t ~? M C N c~ O ~ ~ v ~ O O -~ '--, N U ~ a~ M M ~n ~ ' ~ ~ ~ .-+ G1 N 0~ ~' ~ Q ~ ~n O O O o0 O i, r . 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Pro-Rated Refund and Purchase Schedules: Refund Schedule January $147.00 February $134.00 March $121.00 April $108.00 May $ 95.00 June $ 82.00 July $ 69.00 August $ 56.00 September $ 43.00 October $ 30.00 November $ 17.00 December $ - Electric Car Permits Purchase Schedule January $280.00 February $257.00 March $233.00 April $210.00 May $188.00 June $163.00 July $140.00 August $117.00 September $ 93.00 October Order November Quarterly December Refund Schedule January $257.00 February $233.00 March $210.00 April $188.00 May $163.00 June $140.00 July $117.00 August $ 93.00 September $ 70.00 October $ 47.00 November $ 24.00 December $ - Refunds: Pro-rated refunds for quarterly and yearly permits are available from the City in the event an employee is no longer working in the downtown area (see pro-rated schedule above). Fractional months will not be counted towards a refund. A $5 service charge will be deducted from the total refund for processing. A two-week processing period is required to issue a refund. Location of Permit on Vehicle: Permits must be affixed to the LOWER LEFT CORNER IN THE REAR WINDOW. Permits must be visible from the adjacent drive isle at all times when the vehicle is parked. Avoid placing the adhesive permit sleeve directly over any rear defroster wires. Lost Permits: Lost permits will be replaced at a service charge of $5. No Guarantee on Availability of Parking Spaces: With the exception of the electric car permits, a parking permit does not guarantee a parking space or reserve any specific space in any municipal lot or ramp. Electric car permits have designated parking spaces in the parking ramp that are equipped with electrical outlets. Note: FREE daily permits are available for seminarlconvention activities and for construction/commercial vehicles. GENERAL MUNICIPAL PARKING REGULATIONS Time Limits: Time limit regulations are generally enforced in the downtown area between 8:00 am and 6:00 pm, Monday through Friday or as otherwise posted. Customer Parking: Time limits are posted in the ramp, each municipal lot and on downtown streets. Please be aware that time limits may vary between lots and within different areas of the same lot. Employee Parking: Employee parking is allowed in designated areas for longer than the posted limits if a current permit is displayed in the lower left corner of the rear window of the employee's vehicle. Handicapped parking: Handicapped parking is allowed in any parking space without displaying a City of Hopkins parking permit. The vehicle is required to show proper state handicapped identification. Municipal Parking Ramp -Hours of Closure: The municipal parking ramp is closed to parking from 2 am to 5 am. Overnight Parking for Residents of Certain HouseholdslApartments: Overnight parking is available for residents of certain addresses with a special permit in the municipal ramp and in Lots 200 and 300.