Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Parking topic
No spam. Unsubscribe anytime.
Board discusses parking-fund shortfalls, potential meter-rate increases and capital needs
Summary
Staff reported ParkMobile and permit usage up but overall operating revenue down and recommended development of a parking capital improvement plan; members discussed meter-rate increases (rates unchanged since 2016) and potential bonding for a large lot project estimated around $1.5 million.
Staff told the board that operating revenue is currently down despite increased ParkMobile use and permit sales, in part because of reduced fine revenue under a half-price ticket approach. Members noted the city has not changed meter rates in a decade (approved 2015, effective 2016) and debated demand pricing, evening rates, and tying any increases to an explicit capital-improvement plan for parking lots.
Board members flagged a looming major parking-lot project that staff estimated could cost roughly $1.5 million and likely require bonding. Members urged creation of a long-term capital improvement plan for parking assets, and asked parking committee staff to return with rate-comparison data and options for demand or time-of-day pricing to align revenue with capital needs.
