3B Public Hearing 2011 1219 - Laserfiche WebLink

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File Number: 11 -422 Assuming 150 permits for the 210 permitted spaces will be issued, and 80% of the 93 daily rate spaces will occupied, the estimated annual revenue is $156,000. Assuming the garage is at full capacity and 236 permits are issued, the estimated annual revenue is $196,000. Current Agency Policies The Transit Oriented Development Strategy adopted in September 2007 includes a parking strategy that calls for off -site parking, such as a strategically located public parking structure, to provide capacity for the parking needs of many, to lower parking standards for development downtown, to promote walking, and to provide future flexibility to use parking pricing as a Transportation Demand Strategy. Committee Review and Actions The Facilities and Transportation Committee at the November 8, 2011 meeting recommended adjustment of the Estudillo Parking Garage Reserved Permit Fee to $70 /month and the Unreserved Permit Fee to $45 /month and the addition of a $2.50 /day Daily Parking Rate. Applicable General Plan Policies General Plan Goal 6 - Downtown Revitalization includes the following action regarding the Downtown Parking Structure. Study the feasibility of developing an attractively designed Downtown Parking structure or expanding and redesigning the existing city -owned Downtown parking garage. Summary of Public Outreach Efforts The following three public meetings were held regarding parking downtown. • Downtown Association, May 27, 2011 • Downtown Employees, June 16, 2011 • Community, July 19, 2011 Fiscal Impacts The estimated garage revenue to be deposited into the Parking Garage Revenue account No. 132 -3312, assuming the garage opens on April 1, 2012, is $39,000 in FY 2011 -12 and $156,000 in FY 2012 -13. The revenue should cover the estimated annual cost to maintain and operate the garage. PREPARED BY: Cynthia Battenberg, Business Development Manager, Community Development City of San Leandro Page 4 Printed on 12/13/2011