STUDY SESSION
Convenient Safe AccessibleAbove Average Supply Now &
Future
Addresses Needs of Consumers and Residents
GOAL
SUPPLY
SUPPLY = 2548
DAYTIME DEFICIT = -115
EVENING DEFICIT = -483
IF WE DO NOTHING NOW:• DAYTIME DEFICIT IN 2014 = 175• DAYTIME DEFICIT IN 2019 = 235
DEMAND
PARKING DECK LOCATIONS
SUPPLY GOAL
AUTO PARKING SYSTEM
OVERHAUL
PASSES
ENFORCEMENT
METERS
PARKING FINES
RESIDENTIAL PASSES
LAND USE PLANNING
(HOW TO GET THERE)
TWO TYPES:• Discount at W.
Breckenridge, City Hall and on-street on Withington
• Premium at Withington, Falvey & E.Breckenridge
NO PASSES @• Library, Como’s,
All Troy Lots and Planavon IMPLEMENT
JANUARY 1, 2010
NEXT STEP: Residential
Pass
PASSES
Discount
• Month - $40• 3-Month -
$115• Year - $440
Premium
• Month - $60• 3-Month -
$170• Year - $660
PASS PRICING
ON-STREET
• $1/HOUR• All on-street• KISS
PREMIUM LOTS
• .75 CENTS/HOUR
• All Troy Lots, Withington, Planavon, Library, Como’s, Falvey
DISCOUNT LOTS
• .50 CENTS/HOUR
• East & West Breckenridge, City Hall
METERS
CURRENT REVENUE$509,367
• Discount Lots $34,432• Premium Lots $330,906• On-street $144,029
PROPOSED$818,849
• Discount Lots $34,432• Premium Lots $496,359• On-street $288,058
POTENTIAL BOND DEBT COVERAGE$309,482
METER REVENUE
SWITCH TO MULTI-SPACE METERS• Purchase 9 this FYE (2010) for Troy, Withington, Como’s @$90,000• Budget for Remainder for FYE 2011 @$150,000• Budget for Education
CHANGE CITY HALL 30-MINUTE TO METERED
METER COURT PARKING LOT
METER REST OF WOODWARD
PROMOTE AMERICAN LEGION HALL AS FREE• Western Market And Other Employees = 20 Cars Out Of Neighborhood
METERS
CURRENTLY ALL FINES GO FROM GENERAL FUND TO COURT BUDGET• $195,000 ANNUALLY• 14,000 TICKETS
AUTO PARKING FUND ULTIMATELY SHOULD BE WHOLE AND PREFERABLY SELF-SUFFICIENT
IF GOAL = DECK, Then We Must Increase Parking Fines & Redirect Funds To Auto Parking Fund
TICKETS/FINES
FERNDALE $6 $25 after 72 hours $40 after 10 days
ROYAL OAK $8 $20 after 72 hours
BIRMINGHAM$7 for 1st 7
violations; $25 for 8th in
calendar year
$15 after 10 days; $35 after
10 days
PLYMOUTH $15 $10 late fee
TICKETS/FINES
MINIMUM• INCREASE TO $10• $4 GOES TO AUTO PARKING FUND• GENERATES $56,976 ADDITIONAL FUNDS
RECOMMENDED• ALL FINES GO TO AUTO PARKING FUND ($251,976)• AUTO PARKING FUND PAYS FOR TICKET PROCESSING FEES• @$237,976 NET TOWARDS PARKING DECK BOND
TICKETS/FINES
•$686,000 ANNUALLY
455 SPACE DECK WITHOUT EQUITY
•$556,000 ANNUALLY
455 SPACE DECK WITH EQUITY ($1.5 million)
•$130,000 ANNUALLY
DIFFERENCE
DECK FINANCING
BOND REVENUE =$546,976
PARKING FINES +$237,976
METER REVENUE $309,000
MATH
CONSTRUCTION – SPRING 2011
METERS & FINES SPRING – SUMMER 2010
PASSES – JANUARY 1, 2010
TIMEFRAME
RESURFACE LIBRARY PARKING LOT
• LIBRARY CONTRIBUTION FOR 11,000 ADDITIONAL SQUARE FEET IS EQUAL TO 29 NEW SPACES NEEDED AT A RATE OF $5,000 = $145,000
INCREASE ENFORCEMENT BY ½ PERSON ON BUSIER DAYS (2 SPLITTING THE AREA)
CLARIFICATION ON BUDGET (depreciation/personnel)
REUSING METERS TO WOODWARD & SELLING ADDITIONAL ONLINE
KEY POINTS
DOWNTOWN RESIDENT PASS?
SHUTTLE PROGRAM
VALET
PROMOTIONS
KEY POINTS