IV.3. Resolution Increasing Parking Permit Rates Effective January 1, 2024; Bishop
CITY OF HOPKINS
City Council Report 2023-113
To: Honorable Mayor and Council Members
Mike Mornson, City Manager
From: Nick Bishop, Finance Director
Date: October 17, 2023
Subject: Approve 2024 Parking Permit Rates
_____________________________________________________________________
RECOMMENDED ACTION
MOTION TO approve Resolution 2023-037 Increasing Parking Permit Rates Effective
January 1st, 2024.
OVERVIEW
The Parking fund budget has been reviewed for 2024. An increase in parking rates will
help support the cost of maintenance and enforcement of the city owned municipal lots
and parking ramp. Rate increases of approximately 5% are being proposed for monthly,
quarterly and annual permits.
2023 2024 Percent
Current Proposed Increase
Daily 3.00 3.00 0.00%
Monthly 41.00 43.00 4.88%
Quarterly 96.00 101.00 5.21%
Annual 314.00 330.00 5.10%
Overnight 43.00 45.00 4.65%
Electric car - Quarterly 120.00 126.00 5.00%
Electric car - Annual 419.00 440.00 5.01%
Parking
SUPPORTING INFORMATION
• Resolution 2023-037
Finance Department
CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2023-037
INCREASING PARKING PERMIT RATES
EFFECTIVE JANUARY 1, 2024
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 year and will not provide sufficient
funding for capital improvements to the municipal lot and parking ramp;
NOW THEREFORE BE IT RESOLVED, that the City Council of the City of Hopkins
hereby set the parking permit fees at the following rates
Parking Permits Electric Car Permits
Daily $3.00 Quarterly $126.00
Monthly $43.00 Annual $440.00
Quarterly $101.00
Annual $330.00
Overnight $45.00
Adopted by the City Council of the City of Hopkins this 17th day of October, 2023.
By:___________________________
Patrick Hanlon, Mayor
ATTEST:
_______________________________
Amy Domeier, City Clerk