3B Public Hearing 2011 1219 - Laserfiche WebLink

Home

File Number: 11 -422 Former Garage New Garage Ground Floor Spaces 74 77 Permit Spaces (floors 2 & 3) 172 210 Daily Long -Term Spaces (4th floor) 0 93 246 380 New Garage Rates The permit parking fees should be established to achieve maximum garage occupancy since the goal is to drive long -term parkers to the garage. However, the rates should also be set high enough to cover the cost to operate and maintain the garage. Although the garage cannot be a revenue generator for the City or Redevelopment Agency, parking revenue could be used to cover debt service on the bonds. Without comparable facilities in San Leandro, a rate comparison study to determine the optimum rates for the garage is not practical. The following factors should be considered when determining rates: • The estimated annual cost to maintain the garage is approximately $125,000. • A parking ticket in the City of San Leandro currently costs $45. • Of the 172 parking permits in the old garage, 35 were reserved and 137 were unreserved. • There are currently 112 parking permits issued for the temporary parking lots - 39 reserved (at the Davis /Hays lot) and 73 unreserved (at the Albertsons lot). • It is anticipated that the 60 former permit holders who chose not to park at the Albertson lot will return to the parking garage. • The 10 -hour on- street parking meter rate is $0.25 /hour or $2.50 /day. A reserved parking permit rate of $70 /month, an unreserved rate of $45 /month and a daily rate of $2.50 is recommended. Staff recommends slightly lower rates as the goal is to increase the permit holders from the current 112 to 210 and attract 93 additional long -term parkers to the top deck, while still covering the costs of operation and maintenance. Rates will be increased over time to reflect demand from greater activity downtown and new development. Former Garage Temporary Parking New Garage Reserved Permit Fee $80 $50 $70 Unreserved Permit Fee $55 $30 $45 The unreserved permit rate is set such that it is the same cost as a parking ticket. The daily rate is set such that it is equal to the unreserved permit rate, encouraging the office employees to purchase a permit and park in a covered space, leaving the top deck for retail employees who may have more variable schedules. City of San Leandro Page 3 Printed on 12/13/2011