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<br />
<br />Transactions Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
<br />Estimated # Transactions/yr 103,544 105,356 107,200 109,076 110,985 112,927 114,903 116,914 118,960 121,042
<br />Estimated revenue for mobile payment company $ 2,589 $ 3,793 $ 5,038 $ 6,326 $ 7,658 $ 9,034 $ 10,456 $ 11,925 $ 13,442 $ 15,130
<br />Revenue Mobile Payment ‐ % of overall users 10% 14% 19% 23% 28% 32% 36% 41% 45% 50%
<br />On‐Street Meter $/hour (proposed) ‐ Constant ‐ Mobile Payment (net for City) $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
<br />On‐Street Meter $/hour (proposed) ‐ Constant ‐ Credit Card Payment (net for City) $ 0.96 $ 0.96 $ 0.96 $ 0.96 $ 0.96 $ 0.96 $ 0.96 $ 0.96 $ 0.96 $ 0.96
<br />On‐Street Meter Revenue ‐ Constant Rate $ 501,194 $ 502,110 $ 503,025 $ 503,940 $ 504,855 $ 505,770 $ 506,685 $ 507,600 $ 508,515 $ 509,513
<br />On‐Street Meter $/hour (proposed) ‐ Escalated ‐ Mobile Payment (net for City) $ 1.00 $ 1.00 $ 1.25 $ 1.25 $ 1.50 $ 1.50 $ 1.75 $ 1.75 $ 2.00 $ 2.00
<br />On‐Street Meter $/hour (proposed) ‐ Escalated ‐ Credit Card Payment (net for City) $ 0.96 $ 0.96 $ 1.20 $ 1.20 $ 1.44 $ 1.44 $ 1.68 $ 1.68 $ 1.92 $ 1.92
<br />On‐Street Meter Revenue ‐ Escalated Rate $ 501,194 $ 502,110 $ 628,781 $ 629,925 $ 757,282 $ 758,655 $ 886,698 $ 888,300 $ 1,017,030 $ 1,019,026
<br />Off‐Street Lots ‐ Quantity of spots used daily 62 62 62 62 62 62 62 62 62 62
<br />Off‐Street Lots ‐ Revenue (MSMs, Mobile Payment) $ 166,874 $ 166,874 $ 208,593 $ 208,593 $ 250,312 $ 250,312 $ 292,030 $ 292,030 $ 333,749 $ 333,749
<br />Estudillo ‐ Reserve Permits ‐ Quantity 94 106 118 130 142 154 166 178 190 200
<br />Estudillo ‐ Reserve Permits ‐ Constant Rate $ 70 $ 70 $ 70 $ 70 $ 70 $ 70 $ 70 $ 70 $ 70 $ 70
<br />Estudillo ‐ Reserve Permits ‐ Constant Rate ‐ Revenue $ 78,960 $ 89,040 $ 99,120 $ 109,200 $ 119,280 $ 129,360 $ 139,440 $ 149,520 $ 159,600 $ 168,000
<br />Estudillo ‐ Reserve Permits ‐ ESCALATED Rate $ 70 $ 72 $ 75 $ 78 $ 81 $ 84 $ 87 $ 90 $ 93 $ 96
<br />Estudillo ‐ Reserve Permits ‐ Escalated Rate ‐ Revenue $ 78,960 $ 91,584 $ 106,200 $ 121,680 $ 138,024 $ 155,232 $ 173,304 $ 192,240 $ 212,040 $ 230,400
<br />Estudillo ‐ General Access Permits ‐ Quantity 19 17 15 13 11 9 7 5 3 ‐
<br />Estudillo ‐ General Access Permits ‐ Revenue $ 10,260 $ 9,180 $ 8,100 $ 7,020 $ 5,940 $ 4,860 $ 3,780 $ 2,700 $ 1,620 $ ‐
<br />Estudillo ‐ Free Permits ‐ Quantity ‐ 44 88 132 176 220 264 308 352 400
<br />Estudillo ‐ Free Permits ‐ Revenue $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐
<br />Estudillo ‐ Quantity of spots used daily 73 70 67 64 61 58 55 52 49 46
<br />Estudillo ‐ Escalated Rate $ 0.50 $ 0.52 $ 0.54 $ 0.56 $ 0.58 $ 0.60 $ 0.62 $ 0.64 $ 0.66 $ 0.68
<br />Estudillo ‐ Revenue ($0.50/hr, Mobile Payment % follows row 43) $ 94,666 $ 94,551 $ 94,121 $ 93,373 $ 92,306 $ 90,918 $ 89,208 $ 87,174 $ 84,814 $ 83,043
<br />RPP ‐ Number of permits per year 200 250 300 350 400 450 500 550 600 650
<br />RPP ‐ Price per year 25 26 27 28 29 30 31 32 33 34
<br />RPP ‐ Revenue $ 5,000 $ 6,469 $ 8,034 $ 9,701 $ 11,475 $ 13,361 $ 15,366 $ 17,494 $ 19,752 $ 22,147
<br />
<br />Citations
<br />
<br />$
<br />
<br />135,000
<br />
<br />$
<br />
<br />162,000
<br />
<br />$
<br />
<br />194,400
<br />
<br />$
<br />
<br />233,280
<br />
<br />$
<br />
<br />279,936
<br />
<br />$
<br />
<br />335,923
<br />
<br />$
<br />
<br />403,108
<br />
<br />$
<br />
<br />483,729
<br />
<br />$
<br />
<br />580,475
<br />
<br />$
<br />
<br />696,570
<br />Total Revenue w/o Citations w/ Constant Meter Rates w/ Constant Permit Rates $ 856,955 $ 868,224 $ 920,992 $ 931,827 $ 984,167 $ 994,581 $ 1,046,509 $ 1,056,518 $ 1,108,050 $ 1,116,452
<br />Total Revenue w/o Citations w/ Escalated Meter Rates w/ Escalated Permit Rates $ 856,955 $ 870,768 $ 1,053,828 $ 1,070,292 $ 1,255,339 $ 1,273,338 $ 1,460,387 $ 1,479,938 $ 1,669,005 $ 1,688,365
<br />Total Revenue w/ Citations w/ Constant Meter Rates w/ Constant Permit Rates $ 991,955 $ 1,030,224 $ 1,115,392 $ 1,165,107 $ 1,264,103 $ 1,330,504 $ 1,449,617 $ 1,540,248 $ 1,688,525 $ 1,813,022
<br />Total Revenue w/ Citations w/ Escalated Meter Rates w/ Escalated Permit Rates $ 991,955 $ 1,032,768 $ 1,248,228 $ 1,303,572 $ 1,535,275 $ 1,609,261 $ 1,863,494 $ 1,963,667 $ 2,249,480 $ 2,384,935
<br /> Costs for All Alternatives Capital Costs ‐ PDAs $ 1,333 $ 1,333 $ 1,333 $ 1,333 $ 1,333 $ 1,333 $ 1,333 $ 1,333 $ 1,333 $ 1,333
<br />Capital Costs ‐ Signs $ 5,000 $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐
<br />Capital Costs ‐ MSMs in off‐street lots $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ 12,000
<br />Capital Costs ‐ MSMs in Estudillo $ 2,400 $ 2,400 $ 2,400 $ 2,400 $ 2,400 $ 2,400 $ 2,400 $ 2,400 $ 2,400 $ 2,400
<br />Permits ‐ Quantity 113 167 221 275 329 383 437 491 545 600
<br />Permits ‐ Cost $ 1,356 $ 2,004 $ 2,652 $ 3,300 $ 3,948 $ 4,596 $ 5,244 $ 5,892 $ 6,540 $ 7,200
<br />Third‐party Parking Manager $ 108,000 $ 111,780 $ 115,692 $ 119,742 $ 123,932 $ 128,270 $ 132,760 $ 137,406 $ 142,215 $ 147,193
<br />City Labor $ 642,351 $ 664,833 $ 688,103 $ 712,186 $ 737,113 $ 762,912 $ 789,613 $ 817,250 $ 845,854 $ 875,459
<br />City Labor ‐ Addl Parking Aide ‐ Quantity ‐ ‐ 0.50 0.50 0.75 0.75 1.00 1.00 1.00 1.00
<br />City Labor ‐ Addl Parking Aide $ ‐ $ ‐ $ 52,901 $ 54,752 $ 85,003 $ 87,978 $ 121,410 $ 125,659 $ 130,057 $ 134,609
<br />TOTAL Costs for All Alternatives $ 772,440 $ 794,351 $ 875,081 $ 905,713 $ 965,729 $ 999,489 $ 1,064,760 $ 1,101,940 $ 1,140,399 $ 1,180,194
<br />
<br />Alternative 1 ‐ Smart Meters ‐ Costs Number of Meters 344 Average Cost per Unit $ 500.00 Estimated Lifespan (years) 10 Capital Equipment (Smart Meters) $ 17,200 $ 17,200 $ 17,200 $ 17,200 $ 17,200 $ 17,200 $ 17,200 $ 17,200 $ 17,200 $ 17,200
<br />Total Cost for On‐Street Smart Meters (incl. capital costs, permits, and labor) $ 789,640 $ 811,551 $ 892,281 $ 922,913 $ 982,929 $ 1,016,689 $ 1,081,960 $ 1,119,140 $ 1,157,599 $ 1,197,394
<br />On‐Street Smart Meters ‐ Net Revenue w/o Citations w/ Constant Meter Rates w/ Constant Permit Rates $ 67,314 $ 56,673 $ 28,711 $ 8,913 $ 1,238 $ (22,108) $ (35,451) $ (62,622) $ (49,549) $ (80,942)
<br />On‐Street Smart Meters ‐ Net Revenue w/o Citations w/ Escalated Meter Rates w/ Escalated Permit Rates $ 67,314 $ 59,217 $ 161,548 $ 147,378 $ 272,409 $ 256,649 $ 378,427 $ 360,798 $ 511,406 $ 490,971
<br />On‐Street Smart Meters ‐ Net Revenue w/ Citations w/ Constant Meter Rates w/ Constant Permit Rates $ 202,314 $ 218,673 $ 223,111 $ 242,193 $ 281,174 $ 313,815 $ 367,657 $ 421,107 $ 530,926 $ 615,628
<br />On‐Street Smart Meters ‐ Net Revenue w/ Citations w/ Escalated Meter Rates w/ Escalated Permit Rates $ 202,314 $ 221,217 $ 355,948 $ 380,658 $ 552,345 $ 592,572 $ 781,535 $ 844,527 $ 1,091,881 $ 1,187,541
<br />
<br />Alternative 2 ‐ Multispace Meters ‐ Costs Spaces per Multispace Meter 8 Number of Meters 43 Cost per Unit $ 12,000.00 Estimated Lifespan (years) 10 Capital Equipment (Multispace Meters) $ 51,600 $ 51,600 $ 51,600 $ 51,600 $ 51,600 $ 51,600 $ 51,600 $ 51,600 $ 51,600 $ 51,600
<br />Total Cost for On‐Street Multispace Meters (incl. capital costs, permits, and labor $ 824,040 $ 845,951 $ 926,681 $ 957,313 $ 1,017,329 $ 1,051,089 $ 1,116,360 $ 1,153,540 $ 1,191,999 $ 1,231,794
<br />On‐Street Multispace Meters ‐ Net Revenue w/o Citations w/ Constant Meter Rates w/ Constant Permit Rates $ 32,914 $ 22,273 $ (5,689) $ (25,487) $ (33,162) $ (56,508) $ (69,851) $ (97,022) $ (83,949) $ (115,342)
<br />On‐Street Multispace Meters ‐ Net Revenue w/o Citations w/ Escalated Meter Rates w/ Escalated Permit Rates $ 32,914 $ 24,817 $ 127,148 $ 112,978 $ 238,009 $ 222,249 $ 344,027 $ 326,398 $ 477,006 $ 456,571
<br />On‐Street Multispace Meters ‐ Net Revenue w/ Citations w/ Constant Meter Rates w/ Constant Permit Rates $ 167,914 $ 184,273 $ 188,711 $ 207,793 $ 246,774 $ 279,415 $ 333,257 $ 386,707 $ 496,526 $ 581,228
<br />On‐Street Multispace Meters ‐ Net Revenue w/ Citations w/ Escalated Meter Rates w/ Escalated Permit Rates $ 167,914 $ 186,817 $ 321,548 $ 346,258 $ 517,945 $ 558,172 $ 747,135 $ 810,127 $ 1,057,481 $ 1,153,141
<br />
<br />Equipment Assumptions Number of
<br />Units Cost per unit Lifespan
<br />(years)
<br />Enforcement PDA
<br />Signs
<br />2
<br />1
<br />$ 2,000.00
<br />$ 5,000.00
<br />3
<br />0
<br />
<br />
<br />Short‐Term Spaces ‐ Total Metered 344
<br />Estimated transactions per day 344
<br />On‐Street Parking Rates (Proposed) ‐ Mobile Payment $ 1.00
<br />On‐Street Parking Rates (Proposed) ‐ Credit Card Payment $ 0.96
<br />Revenue Hours/Day 9
<br />WEEKDAY Revenue Days/Year 249
<br />WEEKDAY Average Daily Occupancy 57%
<br />WEEKEND Revenue Days/Year 52
<br />WEEKEND Average Daily Occupancy 50%
<br />Annual Consumer Price Index 3.5%
<br />Permits ‐ Price of Reserve Permit per month $ 70.00
<br />Permits ‐ Price of General Access Permit per month $ 45.00
<br />Permits ‐ Price of Free Permit per month $ ‐
<br />Permits ‐ Cost for City per permit per month (per ParkMobile) $ 1.00
<br />Estudillo ‐ Parking Spots ‐ Quantity 384
<br />Estudillo ‐ Mobile Payment Rate $ 0.25
<br />MSMs in Off‐Street Lots ‐ Quantity 10
<br />MSMs in Estudillo ‐ Quantity 2
<br />Increase in citations ‐ % 20%
<br /># Households in RPP Area 3,250
<br />Price per RPP ‐ annual price at start $ 25.00
<br />% of eligible people buying RPP 650
<br />Background, Cost, and Revenue Assumptions
<br />Appendix D ‐ 10 Year Proforma Detailed Calculations
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