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HomeMy WebLinkAbout2014-01-16 DTPC Packet DOWNTOWN PARKING COMMISSION AGENDA Thursday, January 16, 2013 8:30 AM Conference Room 213, City Hall 1. CALL TO ORDER 2. APPROVAL OF AGENDA 3. APPROVAL OF NOVEMBER 21, 2013 MINUTES 4. NEW BUSINESS 4.01. American Gothics Antiques request for loading zone 4.02. Downtown Parking Request 4.03. 2014 Parking Lot Map 4.04. Parking Ramp Revenue Study 5. OTHER BUSINESS 5.01. Updates 6. ADJOURNMENT DOWNTOWN COMMISSION MEETING MINUTES November 21, 2013 REGULAR MEETING 8:30 A.M. Chair Pelletier called the meeting to order at 8:30 a.m. Present: Commissioners Pelletier, Hopfe Franke, Helmberger, Junker, Anderson and Council Representative Kozlowski, Absent: Commissioner Johnson Staff: Community Development Director Turnblad and Police Chief John Gannaway APPROVAL OF MINUTES Motion by Commissioner Junker, seconded by Commissioner Anderson, to approve the October 17, 2013 meeting minutes. All in favor, 5-0. CURRENT BUSINESS Valley Tours request for bus unloading zone Community Development Director Turnblad reported that he contacted Metro Transit to ask if the City could allow tour buses to use the existing Water Street bus stop during non-rush hour times. Adam Harrington, Assistant Director, Route & System Planning for Metro Transit, said he has no problem with the shared use in the near term, as long as there is no conflict of transit busses needing the space. Motion by Commissioner Helmberger, seconded by Commissioner Hopfe Franke, to sign the Metro Transit bus stop for 15 minute tour bus loading and unloading. All in favor, 5-0. SPECIAL EVENTS Cruisin’ on the Croix Community Development Director Turnblad informed the Commission that the Greater Stillwater Area Chamber of Commerce has made application for Cruisin’ on the Croix, a vintage and hot rod car show to be held from 4-9 p.m. on 13 Wednesday evenings from June 4 to August 27, 2014. They are proposing to use Lot 4 (next to Water St Inn), Lot 5 (new small lot east of Water St Inn parking lot and just north of Myrtle), Lot 7 (east of trail), and Lot 8A (paved lot abutting Desch Building). Lot 5 would be for vendors, the rest for Downtown Parking Commission November 21, 2013 Page 2 of 3 participant cars. Staff recommends charging according to the mid-week fee schedule, $2,164.50 for the season based on 109 spaces. This may change because the total number will be calculated after the lots are striped. Scott Zahren, Cruisin’ on the Croix, explained the request. He expects 250 cars for the event. The organizers would like some forgiveness on costs because the event is good for the community and downtown. It is a free event. Commissioner Junker stated, as a downtown resident, the event is good for the community but 13 times is too many. Mr. Zahren noted that added activity is part of living in an urban environment. Participants have requested that the event be run through September but he is opposed to extending it. Chair Pelletier said she is opposed to lowering the fees. Motion by Commissioner Helmberger, seconded by Commissioner Anderson, to recommend to the Council that Cruisin’ on the Croix be approved for use of 175 parking spots at $1.50 per parking spot for 13 Wednesdays in 2014. Motion passed, 4-1, with Commissioners Junker voting nay. Grand Classic Community Development Director Turnblad reviewed a request from the Upper Midwest Region of the Classic Car Club of America (CCCA) to hold a car show in North Lowell Park on August 2, 2014. The CCCA would like to reserve the the lawn area of North Lowell Park for displaying the classic cars for three days. In the case that the Parks Commission and Council do not approve parking on the grass, parking in a lot should be considered by the Parking Commission as an alternative. Staff would recommend charging according to the fee schedule. Motion by Chairwoman Pelletier, seconded by Commissioner Helmberger, to follow the staff recommendation should the CCCA not be allowed to park on the grass, charging $351. All in favor, 5-0. OTHER BUSINESS Update on parking lot construction Community Development Director Turnblad stated that most of the downtown construction will be finished this year. The final lift layer, striping and landscaping will be done in the summer of 2014. In 2014 the City will not charge for the new lots, but the following year, everything east of Main Street will be a pay lot at the rate of $5 all day. Residents will be able to obtain a sticker for their window to park anywhere for 3 hours without paying the meters. Downtown Parking Commission November 21, 2013 Page 3 of 3 Community Development Director Turnblad updated the Commission on the proposal for a 37-room boutique hotel at Main and Nelson Streets. As part of the Developer’s Agreement and Special Use Permit, developers agreed to a valet system with a valet station on Nelson Street. Approximately 4,000 square feet of retail are also included in the design. Council decision on additional residential passes for parking ramp Community Development Director Turnblad informed the Commission that the Council followed its recommendation to sell some of the handicap spaces for additional resident parking. Parking ramp rates brochure Community Development Director Turnblad provided the Commission with a draft of the 2014 parking ramp rate brochure. ADJOURNMENT Motion by Chairwoman Pelletier, seconded by Commissioner Junker, to adjourn the meeting. All in favor, 5-0. Respectfully Submitted, Julie Kink Recording Secretary TO: Downtown Parking Commission FROM: Bill Turnblad, Community Development Director MEETING DATE: January 16, 2014 RE: American Gothic Antiques’ request for loading zone BACKGROUND Carol Eppel with American Gothic Antiques has requested a loading zone and sign on the corner next to their business. COMMENTS Enforcing the restriction on parking in a posted loading zone is very difficult. Since it is a public street, the loading space cannot be reserved for a specific business. Furthermore, there is no specific time limit assigned to a loading zone parking space. Consequently, tires are not typically chalked and tickets can only be issued if our enforcement personnel observe (perhaps as a result of a complaint) that the same vehicle is parked for an extended period of time. Therefore, loading zones are not very effective on a public street and are not often granted by the Parking Commission or City Council. They are granted even less frequently on Main Street, especially if there is any other option such as a side street or an alley. In this instance, since American Gothic Antiques is on the corner of Olive and Main, Olive would be the location that would possibly be considered for a loading zone. ALTERNATIVES The Parking Commission has several alternatives: 1. Recommend to the City Council that a posted loading zone be approved on Olive Street as indicated on the attached graphic. 2. Recommend that the request for a loading zone be denied. 3. Table the request for more information. bt Attachments: Request letter M a p AMERICAN GOTHIC ANTIQUES 236 S. Main St. Stillwater , MN 55082 ~439-7709 651 January 1, 2014 City of Stillwater Attn: Bill Turnblad 216 North Forth Street Stillwater, MN 55082 RE: No Parking/Loading Zone Sign Dear Mr. Turnblad, Per our recent telephone conversation, I am submitting a request for a No Parking/Loading Zone sign for the NW corner of Olive Street E and Main Street in downtown Stillwater. This will facilitate the loading and unloading of furniture and purchases by customers and dealers of American Gothic Antiques at 236 S. Main, Stillwater. I understand this request is taken up at a monthly meeting, held the 3rd Thursday of each month at City Hall. I will plan to attend the meeting on January 16, 2014 at 8:30 a.m. unless I hear otherwise from your office . Thank you in advance, American Gothic Antiques Randall Propp and Randy Nelson, Owners Carol Eppel, representative. 10291 1191h Street North Stillwater, MN 55082 651-430-0095 O l i v e S t r e e t M a i n St r e e t Po t e n t i a l l o a d i n g z o n e s p a c e A m e r i c a n G o t h i c A n t i q u e s Downtown Parking Facilities North • D D I D D D Municipal Parking Lots Municipal Parking Ramp Tour Bus loading/unload ing Tour Bus Parking On-street parking: 15 minute space On-street parking : 30 m inute space On-street parking: Loading/unloading space On-street parking generally allowed for 3 hours, unless noted as above or signed otherwise. Downtown Parking Facilities South • D D I D D D Municipal Parking Lots Municipal Parking Ramp Tour Bus loading/unloading Tour Bus Parking On-street parking: 15 minute space On-street parking: 30 minute space On-street parking: Loading/unloading space On-street parking generally allowed for 3 hours, unless noted as above or signed otherwise. 1 Bill TurnbladFrom:Diane WardSent:Thursday, December 12, 2013 1:28 PMTo:Bill Turnblad; John Gannaway; Nate Meredith; Larry HansenSubject:FW: Public Input Form (form) has been filled out on your site.  ‐‐‐‐‐Original Message‐‐‐‐‐ From: Please Do Not Click Reply [mailto:support@govoffice.com]  Sent: Thursday, December 12, 2013 11:43 AM To: Diane Ward  Subject: Public Input Form (form) has been filled out on your site.    Your Site has received new information through an online form.  Online Form: Public Input Form  Site URL: www.ci.stillwater.mn.us  ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐  Subject:  Parking for Residents  First Name:  Mary  Last Name:  Burgstahler  Address:  223 Main St. S, Unit 2B  Stillwater, MN  Zip Code:  55082  Email:  marybethmistretta@yahoo.com  Comments:  My husband and I recently moved to downtown Stillwater from CA and I recently opened up a business  here as well.  We think the people here are just wonderful and that the town is lovely, aside from one aspect.  The  parking situation for residents of the downtown area is really, really bad.  Especially now, in the winter.      We live right next door to Brine`s on the South‐side.  While parking was inconvenient in the summer time, it seems that  now, in the winter, it is just ridiculous.  What are we supposed to do with our vehicles when we travel home for the  holidays?  We don`t know anyone here.  Something HAS GOT to be done about resident parking.  There is PLENTY of  room in the pay/24 hour lot.  It is dangerous to be walking on the ice and snow in the freezing cold from lots away just to  get home at night, especially while pregnant.  We live here.  This is our home.  Is there not ANYWAY that this city can  make parking more convenient for it`s residents who live in downtown?  Even if only during the winter months?  There  are only a handful of us.  How can there not be a designated spot, even just ONE?  One last thing... the office who  frequents the lot should NOT be working for the city of Stillwater.  I completely understand he has a job to do.  Ticketing  is fine.  It happens.  But this man buzzed up to our private home apartment the other day and threatened to TOW, not  ticket, not warn, but TOW our cars if we were violating the time limit in the spots.  His tone was pure anger and  rudeness.  My husband and I have honored the parking system so far and have been moving our cars and are free of  tickets as of now.  But the way this man went about this little ``warning`` was completely unacceptable.  He is an older  man with a VERY sour attitude each time I have contact with him.  He is giving the city of Stillwater a horrid reputation  unfortunately.     Thank you so much for listening and please forgive my frustration.  You have to understand that it is a very frustrating  situation that could be easily fixed if we could just have a moment to discuss.  If someone could please get back with me  as soon as possible I would really appreciate it.      Thank you so much and I hope you have a great day.  TO: Downtown Parking Commission FROM: Bill Turnblad, Community Development Director MEETING DATE: January 16, 2014 RE: 2014 Parking Lot Map BACKGROUND It is time to begin planning the 2014 Downtown Parking Map. Normally the Parking Commission simply updates last year’s map and staff sends it to the printer. However, there are two reasons why the Commission may want to consider a complete reformatting of the map this year. The first reason for reformatting is that the demand for the downtown parking maps has dropped consistently and dramatically over the last few years. This is probably because our visitors use digital information sources more frequently. As a result, the City may not want to print maps at all this year. The second reason is that the current parking lot map is now completely out of date since reconstruction of the parking lots east of Main Street. In an attempt at producing the reformatted parking map in house this year, staff has created a draft of the base map for the project. It is attached. COMMENTS Before staff invests much time in anything more than the base map, it is important to know what the purpose of the map is intended to be, and how it will be published. That will determine what is included in the map. Things to consider: Will the map be published only on-line? Is it intended only as a means of providing information on the downtown parking system, or is it intended to add Chamber of Commerce information as well? Do we add public landmarks but not information on specific businesses? Do we add the (ever changing) list of events as we have in the past? Perhaps there is a need for two maps: one for publication and one for Parking Commission use. The published map does not need the parking lots to be numbered, for example. REQUEST Staff requests the Parking Commission to discuss the purpose and various elements of the parking map and give staff direction. bt Attachments: Draft of base map Lot 1 Lot 2 Lot 3 Lot 4 Lot 5 Lot 6 Lot 7 Lot 8 Lot 9 Lot 11 Lot 10 Lot 13 Lot 14 Lot 15 Parking ramp Lot 16 Lot 17 Lot 18 Lot 19 Lot 20 Lot 12 Tour Bus Parking Tour Bus loading/unloading TO: Downtown Parking Commission FROM: Bill Turnblad, Community Development Director DATE: December 26, 2013 RE: Parking Ramp Revenue Study Background The Parking Commission completed an analysis of revenues, expenses and rates for the surface parking lots last year. But, a similar analysis for the parking ramp was left until this year. The first step in the study will be to compare expenses and revenues to determine whether adjustments need to be made in either. That is the purpose of this staff report. Discussion From the attached financials you will see that the parking ramp revenues generally cover operational expenses, but not capital expenses. In 2011 there was about $400 more in revenue than in operational expenses. In 2012 there was about $3,000 more in expenses than in revenue. This year through November, expenses and revenue are about equal. However, I expect we could be as much as $10,000 in the red when the books on 2013 are closed. The $10,000 deficit is largely to be accounted for by slower transient parking sales than in past years, as well as increasing equipment repair costs. Actually, the revenue system had enough down time this last year that there were any number of days when exit arms were simply locked in the upright position and people could leave without paying. The deficit will be covered by transferring funds in from the Downtown Parking Enterprise Fund. And though this is troublesome, it does not damage the financial viability of the Downtown Parking System. What does create a financial viability concern is the lack of reserves being accumulated in the parking ramp fund for future capital costs at the ramp. To cover all future capital costs, rather than rely on general City tax dollars and revenues, between $30,000 and $40,000 should be placed in reserve each year. December 26, 2013 Page 2 Over the next few months the Parking Commission will consider ways to decrease parking ramp expenses and/or increase revenues in order to create the necessary capital reserve funds. Next Steps At the January 16 Commission meeting we will review the attached financial documents to get a better understanding of ramp products, operations and expenses. We will also take a first look at the variables that could be modified to create the necessary cash reserve. Hopefully, this first look will provide the Commission with enough background to spend be able to suggest possible changes at the February meeting. Attachments: Financial documents Su m m a r y  of  St u d y Ta r g e t M i n i m u m An n u a l  op e r a t i n g  ex p e n s e s $5 0 , 0 0 0 . 0 0 $ 5 0 , 0 0 0 . 0 0 An n u a l i z e d  ca p i t a l  ex p e n s e s $4 0 , 3 0 0 . 0 0 $ 2 9 , 8 0 0 . 0 0 To t a l $9 0 , 3 0 0 . 0 0 $ 7 9 , 8 0 0 . 0 0 Cu r r e n t  ra t e s R a t e  sc e n a r i o  A R a t e  sc e n a r i o  B Pe r m i t  re v e n u e  es t i m a t e d $1 3 , 2 0 0 . 0 0 $ 1 6 , 7 4 0 . 0 0 $ 1 6 , 7 4 0 . 0 0 Ev e n t  re v e n u e  es t i m a t e d $9 , 3 1 5 . 0 0 $ 9 , 3 1 5 . 0 0 $ 1 1 , 6 4 3 . 7 5 Lo w e l l  In n  re v e n u e  (1 %  of  gr o s s  sa l e s ) $1 4 , 5 0 0 . 0 0 $ 1 4 , 5 0 0 . 0 0 $ 1 4 , 5 0 0 . 0 0 Ho u r l y  re v e n u e  es t i m a t e d $1 7 , 5 0 0 . 0 0 $ 1 7 , 5 0 0 . 0 0 $ 2 2 , 0 0 0 . 0 0 To t a l   $5 4 , 5 1 5 . 0 0 $ 5 8 , 0 5 5 . 0 0 $ 6 4 , 8 8 3 . 7 5 Li g h t  bl u e  hi g h l i g h t e d  ce l l s  sh o w  ra t e  in c r e a s e s . Sc e n a r i o  A  = mo n t h l y  pe r m i t s  in c r e a s e d  ab o u t  25 % Sc e n a r i o  B  = Mo n t h l y  pe r m i t s  in c r e a s e d  ab o u t  25 % ,  ev e n t s  to  $1 2 . 5 0 ,  ho u r l y  to  $4  and  $6 Th o u g h t s : Vo l u m e  wo u l d  be  in c r e a s e d  if  we  we r e  to  ch a r g e  fo r  on ‐st r e e t  pa r k i n g . On c e  al l  lo t s  ea s t  of  Ma i n  St r e e t  co s t  $5 ,  th e  pa r k i n g  ra m p  ra t e  of  $3  (o r  $4  if  it  is  ra i s e d )  du r i n g  th e  we e k  an d  of f ‐se a s o n  wi l l  likely  attract  customers. We  co u l d  se l l  mo r e  re s i d e n t i a l  pa s s e s .    Th i s  wo u l d  re d u c e  th e  ev e n t  pa r k i n g  re v e n u e  bu t  wo u l d  st i l l  ne t  pr o f i t  on  th e  sp a c e s . We  co u l d  re d u c e  op e r a t i n g  ex p e n s e s  ‐   bu t  my  se n s e  is  th a t  th a t  mi g h t  sa v e  us  ab o u t  10 %  ma x  al l o w i n g  us  to  re d u c e  go a l  fr o m  $80K  to  only  about  $75 Cu t  eq u i p m e n t  ma i n t e n a n c e  ex p e n s e ?    Ca n  we  ge t  ri d  of  pa y  ma c h i n e s  al t o g e t h e r ? 20 1 4  Ex p e n s e s 20 1 4  Re v e n u e s Pa g e  1  of  9 12/26/2013 Historical Expenses 2011 2012 2013* Revenue Permits $13,558.92 $12,829.26 $10,095.62 Lowell Inn $12,626.90 $10,486.69 $13,927.49 Events $140.00 $0.00 $0.00 Transient $26,816.23 $23,727.00 $20,736.27 Refunds/reimbursements $2,765.00 $350.00 $0.00 Sales Sub‐total $55,907.05 $47,392.95 $44,759.38 Transfer in from Parking Enterprise Fund $74,404.00 $0.00 $0.00 Transfer in from TIF #1 $0.00 $106,187.00 $0.00 Transfer Sub‐total $74,404.00 $106,187.00 $0.00 Revenue Total $130,311.05 $153,579.95 $44,759.38 Expenses Part‐time salaries $0.00 $0.00 $2,465.00 FICA/Medicare $0.00 $0.00 $188.57 General supplies $2,271.56 $2,230.47 $1,246.07 Minor equipment $1,127.62 $0.00 $705.38 Professional services $11,634.46 $9,379.92 $7,413.55 Telephone $2,301.14 $2,498.41 $2,013.29 Printing/publishing $0.00 $0.00 $0.00 General Insurance $11,060.00 $11,694.00 $0.00 Electricity $19,562.57 $16,369.99 $19,529.95 Equipment repair $111.20 $1,990.83 $5,104.69 Maintenance agreements $2,925.29 $2,953.08 $2,528.69 Sales tax $2,708.43 $2,165.13 $2,787.43 Miscellaneous charges $1,774.15 $1,171.69 $953.60 Operating expense Sub‐total $55,476.42 $50,453.52 $44,936.22 Capital Outlay $0.00 $0.00 $0.00 Depcreciation $89,068.08 $92,832.61 $0.00 Capital expense Sub‐total $89,068.08 $92,832.61 $0.00 Expense Total $144,544.50 $143,286.13 $44,936.22 *through mid‐November Page 2 of 9 12/26/2013 Capital Costs Parking Ramp Capital Improvement Program Annual Reserve Building Goals minimum middle maximum Long Term Structure Maintenance $18,600.00 $24,800.00 $31,000.00 Ramp systems equipment $1,200.00 $1,500.00 $1,800.00 Ramp revenue equipment $10,000.00 $14,000.00 $18,000.00 Total $29,800.00 $40,300.00 $50,800.00 Long term structure maintenance costs $75 ‐ $125 per space; Ramp has 248 spaces. Ramp systems equipment includes HVAC, electrical, communications. Ramp revenue systems includes gate and transaction processing equipment. Page 3 of 9 12/26/2013  20 1 4  Pe r m i t  Re v e n u e 20 1 4  es t i m a t e d  re v e n u e Es t .  nu m b e r Es t .  re v e n u e E s t .  nu m b e r Es t .  re v e n u e E s t .  nu m b e r Es t .  re v e n u e E s t .  nu m b e r Es t .  re v e n u e E s t .  nu m b e r Es t .  re v e n u e S p a c e s E s t .  revenue Est. numbe r Est. revenue Total  spaces Total  Permits Total  Revenue Le v e l s  1 ‐3 13 $ 2 , 3 4 0 . 0 0 3 $ 7 2 0 . 0 0 1 0 $ 2 , 7 6 0 . 0 0 1 $ 2 4 0 . 0 0 8 $ 2 , 4 0 0 . 0 0 7 $ 2 , 9 4 0 . 0 0 6 $ 1 , 8 0 0 . 0 0 1 8 9 4 1 $ 1 3 , 2 0 0 . 0 0 Le v e l  4 0 $ 0 . 0 0 N A N A N A N A N A N A N A N A 0 $ 0 . 0 0 0 $ 0 . 0 0 5 9 0 $ 0 . 0 0 To t a l 13 $ 2 , 3 4 0 . 0 0 3 $ 7 2 0 . 0 0 1 0 $ 2 , 7 6 0 . 0 0 1 $ 2 4 0 . 0 0 8 $ 2 , 4 0 0 . 0 0 7 $ 2 , 9 4 0 . 0 0 6 $ 1 , 8 0 0 . 0 0 2 4 8 4 1 $ 1 3 , 2 0 0 . 0 0 Pr o j e c t e d  pe r m i t  re v e n u e $1 3 , 2 0 0 . 0 0 co v e r e d ,  st a n d a r d  bu s i n e s s  ho u r $ 1 5 p e r  mo n t h $ 1 8 0 . 0 0 pe r  ye a r co v e r e d ,  re s e r v e d  bu s i n e s s  ho u r $ 2 0 p e r  mo n t h $ 2 4 0 . 0 0 pe r  ye a r co v e r e d ,  re s e v e d  ex t e n d e d  ho u r s  (9  pm ) $ 2 3 p e r  mo n t h $ 2 7 6 . 0 0 pe r  ye a r Ho s p i t a l i t y  In d u s t r y  Pa s s  (' t i l  6  am ) $ 2 0 p e r  mo n t h $ 2 4 0 . 0 0 pe r  ye a r 8  Ri v e r t o w n  Co m m o n s  re s i d e n t  pa s s e s  (2 4 / 7  re s e r v e d ) $ 2 5 p e r  mo n t h $ 3 0 0 . 0 0 pe r  ye a r 5  re s i d e n t i a l  pa s s e s  (2 4 / 7 ) $ 3 5 p e r  mo n t h $ 4 2 0 . 0 0 pe r  ye a r 11  Ha n d i c a p p e d  re s i d e n t i a l  pa s s e s  (2 4 / 7 ) $ 2 5 p e r  mo n t h $ 3 0 0 . 0 0 pe r  ye a r un c o v e r e d  (4 t h  le v e l ) ,  in d i v i d u a l  da i l y  sp a c e $ 1 0 p e r  mo n t h $ 1 2 0 . 0 0 pe r  ye a r Ac t u a l  re v e n u e s 20 1 1 2 0 1 2 2 0 1 3 * 2 0 1 3  es t i m a t e s 2 0 1 4  gu e s s  no  ra t e  hi k e 2 0 1 5  gu e s s  no  ra t e  hi k e Pe r m i t s $ 1 3 , 5 5 8 . 9 2 $1 2 , 8 2 9 . 2 6 $1 0 , 0 9 5 . 6 2 $1 1 , 0 0 0 . 0 0 $1 3 , 2 0 0 . 0 0 $1 3 , 0 0 0 . 0 0 Lo w e l l  In n $ 1 2 , 6 2 6 . 9 0 $1 0 , 4 8 6 . 6 9 $1 3 , 9 2 7 . 4 9 $1 4 , 5 0 0 . 0 0 $1 4 , 5 0 0 . 0 0 $1 4 , 5 0 0 . 0 0 Ev e n t s $ 2 , 3 2 0 . 0 0 $2 , 1 8 0 . 0 0 $2 , 2 0 0 . 0 0 $2 , 2 0 0 . 0 0 $9 , 3 1 5 . 0 0 $9 , 3 1 5 . 0 0 Tr a n s i e n t $ 2 4 , 4 9 6 . 2 3 $ 2 1 , 5 4 7 . 0 0 $1 8 , 5 3 6 . 2 7 $1 9 , 0 0 0 . 0 0 $1 7 , 5 0 0 . 0 0 $2 3 , 0 0 0 . 0 0 Re f u n d s / r e i m b u r s e m e n t s $ 2 , 7 6 5 . 0 0 $3 5 0 . 0 0 $0 . 0 0 $ 0 . 0 0 $ 0 . 0 0 $ 0 . 0 0 TO T A L $ 5 5 , 9 0 7 . 0 5 $4 7 , 3 9 2 . 9 5 $4 4 , 7 5 9 . 3 8 $4 6 , 7 0 0 . 0 0 $5 4 , 5 1 5 . 0 0 $5 9 , 8 1 5 . 0 0 *T h r o u g h  No v e m b e r Pa r k i n g  lo t s  un m e t e r e d Pa r k i n g  lo t s  me t e r e d Se l l i n g  mo r e  re s  pe r m i t s  th a n  al l o w e d  in  20 1 2 Handicapped  passes Co v e r e d ,  st a n d a r d C o v e r e d ,  re s e r v e d Ri v e r t o w n  Co m m o n s  pa s s e s Ho s p i t a l i t y  in d u s t r y  pa s s Co v e r e d ,  re s e r v e d  ex t e n d e d  ho u r s Residential  passes Pa g e  4  of  9 12/26/2013  20 1 4  Ev e n t  Pe r m i t  Re v e n u e 20 1 4  es t i m a t e T o t a l  sp a c e s 2 4 / 7  Pe r m i t    Sp a c e s E v e n t  Sp a c e s Sp a c e s  in  ra m p 2 4 8 4 1 2 0 7 Lu m b e r j a c k  Da y s  $1 0 ;  Fr i  = 75 %  oc c u p a n c y ;  Su n d a y  10 0 %  oc c u p a n c y ;  Sa t u r d a y  17 5 % $ 7 , 2 4 5 . 0 0 4t h  of  Ju l y  $1 0 ;  10 0 % $2,070.00 To t a l  es t i m a t e $ 9 , 3 1 5 . 0 0 Pa g e  5  of  9 12/26/2013  2014 Total Revenue Estimated total 2014 revenue Permit revenue estimated $13,200.00 Event revenue estimated $9,315.00 Lowell Inn revenue estimated $14,500.00 Hourly revenue estimated $17,500.00 Total projected revenue $54,515.00 Page 6 of 9 12/26/2013 Ra t e  In c r e a s e  Sc e n a r i o s Th o u g h t s : Ta r g e t M i n i m u m Vo l u m e  wo u l d  be  in c r e a s e d  if  we  we r e  to  ch a r g e  fo r  on ‐st r e e t  pa r k i n g . An n u a l  op e r a t i n g  ex p e n s e s $5 0 , 0 0 0 . 0 0 $ 5 0 , 0 0 0 . 0 0 O n c e  al l  lo t s  ea s t  of  Ma i n  St r e e t  co s t  $5 ,  th e  pa r k i n g  ra m p  ra t e  of  $3  (o r  $4  if  it  is  ra i s e d )  du r i n g  th e  we e k  an d  of f ‐se a s o n  wi l l  li k e l y  attract  customers. An n u a l i z e d  ca p i t a l  ex p e n s e s $4 0 , 3 0 0 . 0 0 $ 2 9 , 8 0 0 . 0 0 W e  co u l d  se l l  mo r e  re s i d e n t i a l  pa s s e s .    Th i s  wo u l d  re d u c e  th e  ev e n t  pa r k i n g  re v e n u e  bu t  wo u l d  st i l l  ne t  pr o f i t  on  th e  sp a c e s . To t a l $9 0 , 3 0 0 . 0 0 $ 7 9 , 8 0 0 . 0 0 We  co u l d  re d u c e  op e r a t i n g  ex p e n s e s  ‐   bu t  my  se n s e  is  th a t  th a t  mi g h t  sa v e  us  ab o u t  10 %  ma x  al l o w i n g  us  to  re d u c e  go a l  fr o m  $8 0 K  to  only  about  $75 Cu t  eq u i p m e n t  ma i n t e n a n c e  ex p e n s e ?    Ca n  we  ge t  ri d  of  pa y  ma c h i n e s  al t o g e t h e r ? Cu r r e n t  ra t e s R a t e  sc e n a r i o  A R a t e  sc e n a r i o  B Pe r m i t  re v e n u e  es t i m a t e d $1 3 , 2 0 0 . 0 0 $ 1 6 , 7 4 0 . 0 0 $ 1 6 , 7 4 0 . 0 0 Ev e n t  re v e n u e  es t i m a t e d $9 , 3 1 5 . 0 0 $ 9 , 3 1 5 . 0 0 $ 1 1 , 6 4 3 . 7 5 Lo w e l l  In n  re v e n u e  (1 %  of  gr o s s  sa l e s ) $1 4 , 5 0 0 . 0 0 $ 1 4 , 5 0 0 . 0 0 $ 1 4 , 5 0 0 . 0 0 Ho u r l y  re v e n u e  es t i m a t e d $1 7 , 5 0 0 . 0 0 $ 1 7 , 5 0 0 . 0 0 $ 2 2 , 0 0 0 . 0 0 To t a l   $5 4 , 5 1 5 . 0 0 $ 5 8 , 0 5 5 . 0 0 $ 6 4 , 8 8 3 . 7 5 Li g h t  bl u e  hi g h l i g h t e d  ce l l s  sh o w  ra t e  in c r e a s e s . Sc e n a r i o  A  = mo n t h l y  pe r m i t s  in c r e a s e d  ab o u t  25 % Sc e n a r i o  B  = Mo n t h l y  pe r m i t s  in c r e a s e d  ab o u t  25 % ,  ev e n t s  to  $1 2 . 5 0 ,  ho u r l y  to  $4  an d  $6 Pe r m i t  re v e n u e  es t i m a t e  ba s e d  up o n  ra t e s  as  se t  in  ta b l e  be l o w ,  an d  hi s t o r i c a l  sa l e s  vo l u m e s Es t .  nu m b e r E s t .  re v e n u e E s t .  nu m b e r E s t .  re v e n u e E s t .  nu m b e r E s t .  re v e n u e E s t .  nu m b e r E s t .  re v e n u e E s t .  nu m b e r E s t .  revenue Spaces Est. revenue Est. number Est. revenue Total  spaces Total  Permits Total  Revenue Le v e l s  1 ‐3 13 $ 3 , 1 2 0 . 0 0 3 $ 9 0 0 . 0 0 1 0 $ 3 , 6 0 0 . 0 0 1 $ 3 0 0 . 0 0 8 $ 2 , 8 8 0 . 0 0 7 $ 3 , 7 8 0 . 0 0 6 $ 2 , 1 6 0 . 0 0 1 8 9 4 1 $ 1 6 , 7 4 0 . 0 0 Le v e l  4 0 $ 0 . 0 0 N A N A N A N A N A N A N A N A 0 $ 0 . 0 0 0 $ 0 . 0 0 5 9 0 $ 0 . 0 0 To t a l 13 $ 3 , 1 2 0 . 0 0 3 $ 9 0 0 . 0 0 1 0 $ 3 , 6 0 0 . 0 0 1 $ 3 0 0 . 0 0 8 $ 2 , 8 8 0 . 0 0 7 $ 3 , 7 8 0 . 0 0 6 $ 2 , 1 6 0 . 0 0 2 4 8 4 1 $ 1 6 , 7 4 0 . 0 0 Es t i m a t e d  pe r m i t  re v e n u e $1 6 , 7 4 0 . 0 0 Ra t e  Ta b l e Cu r r e n t / m o . P r o p o s e d / m o . Cu r r e n t / y r P r o p o s e d / y r C h a n g e co v e r e d ,  st a n d a r d  bu s i n e s s  ho u r $ 1 5 . 0 0 $ 2 0 . 0 0 $ 1 8 0 . 0 0 $ 2 4 0 . 0 0 2 5 . 0 % co v e r e d ,  re s e r v e d  bu s i n e s s  ho u r $ 2 0 . 0 0 $ 2 5 . 0 0 $ 2 4 0 . 0 0 $ 3 0 0 . 0 0 2 5 . 0 % co v e r e d ,  re s e v e d  ex t e n d e d  ho u r s  (9  pm ) $ 2 3 . 0 0 $ 3 0 . 0 0 $ 2 7 6 . 0 0 $ 3 6 0 . 0 0 3 0 . 4 % Ho s p i t a l i t y  In d u s t r y  Pa s s  (' t i l  6  am ) $ 2 0 . 0 0 $ 2 5 . 0 0 $ 2 4 0 . 0 0 $ 3 0 0 . 0 0 2 5 . 0 % 8  Ri v e r t o w n  Co m m o n s  pa s s e s  (2 4 / 7  re s e r v e d ) $ 2 5 . 0 0 $ 3 0 . 0 0 $ 3 0 0 . 0 0 $ 3 6 0 . 0 0 2 0 . 0 % 5  re s i d e n t i a l  pa s s e s  (2 4 / 7 ) $ 3 5 . 0 0 $ 4 5 . 0 0 $ 4 2 0 . 0 0 $ 5 4 0 . 0 0 2 8 . 6 % 11  Ha n d i c a p p e d  re s i d e n t i a l  pa s s e s  (2 4 / 7 ) $ 2 5 . 0 0 $ 3 0 . 0 0 $ 3 0 0 . 0 0 $ 3 6 0 . 0 0 2 0 . 0 % un c o v e r e d  (4 t h  le v e l ) ,  in d i v i d u a l  da i l y  sp a c e $ 1 0 . 0 0 $ 1 0 . 0 0 $ 1 2 0 . 0 0 $ 1 2 0 . 0 0 0 . 0 % Ac t u a l  re v e n u e s 20 1 1 2 0 1 2 2 0 1 3 * 20 1 3  es t i m a t e s 2 0 1 4  es t .  no  ra t e  hi k e 2 0 1 5  es t .  no  ra t e  hi k e Pe r m i t s $ 1 3 , 5 5 8 . 9 2 $ 1 2 , 8 2 9 . 2 6 $ 1 0 , 0 9 5 . 6 2 $ 1 1 , 0 0 0 . 0 0 $ 1 3 , 2 0 0 . 0 0 $ 1 3 , 2 0 0 . 0 0 Lo w e l l  In n $ 1 2 , 6 2 6 . 9 0 $ 1 0 , 4 8 6 . 6 9 $ 1 3 , 9 2 7 . 4 9 $ 1 4 , 5 0 0 . 0 0 $ 1 4 , 5 0 0 . 0 0 $ 1 4 , 5 0 0 . 0 0 Ev e n t s $ 2 , 3 2 0 . 0 0 $ 2 , 1 8 0 . 0 0 $ 2 , 2 0 0 . 0 0 $ 2 , 2 0 0 . 0 0 $ 9 , 3 1 5 . 0 0 $ 9 , 3 1 5 . 0 0 Tr a n s i e n t $ 2 4 , 4 9 6 . 2 3 $ 2 1 , 5 4 7 . 0 0 $ 1 8 , 5 3 6 . 2 7 $ 1 9 , 0 0 0 . 0 0 $ 1 7 , 5 0 0 . 0 0 $ 2 3 , 0 0 0 . 0 0 Re f u n d s / r e i m b u r s e m e n t s $ 2 , 7 6 5 . 0 0 $ 3 5 0 . 0 0 $ 0 . 0 0 $ 0 . 0 0 $ 0 . 0 0 $ 0 . 0 0 TO T A L $ 5 5 , 9 0 7 . 0 5 $ 4 7 , 3 9 2 . 9 5 $ 4 4 , 7 5 9 . 3 8 $ 4 6 , 7 0 0 . 0 0 $ 5 4 , 5 1 5 . 0 0 $ 6 0 , 0 1 5 . 0 0 *T h r o u g h  No v e m b e r Pa r k i n g  lo t s  un m e t e r e d Pa r k i n g  lo t s  me t e r e d Se l l i n g  mo r e  re s  pe r m i t s  th a n  al l o w e d  in  20 1 2  & 13 20 1 4  Ex p e n s e s 20 1 4  Re v e n u e s Handicapped  passes Co v e r e d ,  st a n d a r d C o v e r e d ,  re s e r v e d C o v e r e d ,  re s e r v e d  ex t e n d e d  ho u r s H o s p i t a l i t y  in d u s t r y  pa s s R i v e r t o w n  Co m m o n s  pa s s e s R e s i d e n t i a l  passes Pa g e  7  of  9 12/26/2013  2013 Rates 1 Permit Parking (Contract Parking) uncovered (4th level), individual daily space $10 per month covered, individual daily space $15 per month covered, reserved daily space $20 per month covered, bulk rate (>/= 5) daily spaces $12 per month uncovered, individual 24/7 space $12 per month covered, bulk 24/7 spaces $15 per month covered, reseved extended hours (9 pm) $23 per month Hospitality Industry Pass ('til 6 am) $20 per month 8 Rivertown Commons resident passes (24/7 reserved) $25 per month 11 Handicapped residential passes (24/7) $25 per month 5 residential passes (24/7) $35 per month 2 Event Parking (no overnight parking w/ event permit) Weekend* $5 flat rate Special Events** $10 flat rate 3 Hourly Parking (no overnight parking w/ hourly permit) Flat rate $3 Standard bulk rate*** $2.50 Weekend bulk rate*** $4.50 *Weekend = Thursday at 5 PM through Sunday at 8 PM, May 1st ‐ October 31st **Special Event currently means Lumberjack Days, July 4 and the Bike Race ***Bulk rate = 10 or more coupon purchases Page 8 of 9 12/26/2013 Total spaces in Parking Ramp Total spaces Covered Uncovered Level 1 44 44 0 Level 2 72 72 0 Level 3 73 73 0 Level 4 59 0 59 Total 248 189 59 Page 9 of 9 12/26/2013