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Home My WebLink About1998-11-19 DTPC Packetillw! THE BIRTHPLACE OF MINNESOTA Downtown Parking Commission Agenda Meeting Date Thursday, November 19, 1998 City Hall Riverview Conference Room (2nd floor) 8:15 a.m. Agenda Items. 1. Review 1998 Parking Progam Report. 2. Suggestions for changes in 1999. 3. Other items. CITY HALL: 216 NORTH FOURTH STILLWATER, MINNESOTA 55082 PHONE: 612-439-6121 / E V (_/ c-Pdr.ccivx5 oyk ets--f- c--, Le cr( --Ca.4 Pt4 Mai et i St /gL � b 6j S Pet w/<c 4/7 4 v/ en r UU l l\lptAl Gnu Pe 1-`cc5 Lot` Nord di me,/4_ j js/-Jfiu, (I & l6,,4-sS sedt/w144 1/- vewii L-c.t,"soliii 4," r -� ‘(/'4 4-(--/4410 64 if, /y,‘, MEMO To: Downtown Parking Commission From: Steve Russell, Community Development Director Subject: Summer 1998 Parking Results Date: November 12, 1998 Summary A" As you can see, total revenues for 1998 was $115,893. The South Main Lot generated $73,900, the River Lot $38,200 and the UBC Lot $3,900. The UBC Lot was pay parking on weekends only and the River Lot was not used for parking on several occasions when special events were scheduled in the park (i.e., Art Fairs, Lumberjack Days). This year's revenues is $62,600 more than last year's total of $53,300. Total operating expenses for 1998 was $57,000 and net income was $58,900. With this year's revenues, the South Main Street and River Lots were paved ($44,826) and the parking machines upgraded ($9,978). Th net revenues to the City after payment of expenses and improvements was +$3,970. At meeting time, questions about the 1998 operation can be posed and possible suggestions for Summer 1999 initiated. Attachment: 1998 Parking Report. 11i12/98 01:04 FAX 3414442 IMPERIAL PARKING pp2 Imperial Parking, Inc. 555 Niaollet Maly. Suite 391 Minneapolis, Minnesota 55402 Main Office: (512) 341-3000 Facsimile (612) 341-4442 a CITY OF STILLWATER FINANCIAL REPORT South Main, River, & UBC Lots FOR THE MONTH ENDED OCTOBER 31,1998 IMPERIAL PARKING, INC. 20-081 / 082/ 089 11/i2;98 01:05 FAX 3414442 IMPERIAL PARKING J 003 CITY OF STILLWATER SURFACE LOTS 081, 082, Si 089 OPERATING STATE FOR THE MONTH END • 1 OCTOBER 31, 1998 Revenue: 08`i South Main - Daily / Transient 081 South Main - Visa Revenue 082 Paver Lot - Daily / Transient 082 River Lot - Visa Revenue 089 UBC Lot - Daily / Transient Total Revenue 5,273.24 5,709.79 2,667.18 599.30 14,249.51 Operating Expenses: Stillwater - Labor 2,800.00 Stillwater - Payroll Expense 27% of Labor 756.00 Less: Freighthouse Labor - Less: Lumber Baron Labor (127.00) Repairs & Maintenance 943.75 Automobile 180.00 Insurance 620.00 Telephone 75.00 Uniform 50.00 Utilities Supplies 168.40 Signs Accounting 300,00 Customer Refunds 12.00 Bank Charges - Merchant Fees - Base Management Fee 500.00 Total Expenses (6,278.15) Net Income 7,971.36 Less: Incentive Mangement Fee Less: Amount Retained for Capital Expenditure (797.14) (3,203.88) Net Proceeds - Check Enclosed 3,970.34 (Ji Y OF STILLWATER SURFACE LOTS 081, 082, & 089 OPERATING STATEMENT FOR THE MONTI I ENDED OCTOBER 3i, 1998 [ May June July August Sey!ember October Total REVENUE 0811 SouthMain- Daily/ Transient 7,216.74 12,351.28 16,212.47 15,842.83 9,908.13 5,273 24 66,804.29 081 South Main - Visa Revenue (725.19) - - 2,119 25 - 5,709.79 7,103.85 (182 River Lot - Daily / Transient 2,960.11 5,788.26 8, t92 57 11,520.30 6,757_80 2,667.18 38,186,22 082 River Tot -Visa Revenue (146.00) - - - - - (146.00) 089 URC Lot - Daily / Transient 306.30 364.05 1,360.64 928.20 386.96 599_311 3,945.45 Total Revenue 9,611.96 18 503.59 26,065,28 30410.58 17,052_89 14,2-19.51 115,893.81 EJ(PP.NSES Stillwater - labor 775.01 5,802.50 7,177.50 5 037.50 4,953.00 2)300.00 26,547,51 Stillwater - Payroll Expense 209.25 1,566 68 1,937.93 1,160.13 L i37.85 756.00 7,167.84 Leas: Bait irhuuse labor (75.82) (567,44) (711.20) (741.68) (1,069.34), - (3,165.48) Less: Lumber baron Labor (59.06) (442.21) (550.55) (13L62) (109.23) (127.00) (1,502.67) Repairs to Maintenance General '4,829.52 368.50 252.33 400.00 119.557 943.75 4,913.75 Automobile 300.00 300.00 300.00 300_110 300.001 180.00 1,680.00 Insurance 310.00 620.00 620.00 620.00 620.00 620.00 3,410.00 Telephone 50.00 100.00 100.00 100.00 10000 75.00 525.00 Uniform 60.00 120,00 120.00 120.00 120.00 50.00 590.00 Utilities - - - - - - - t Supplies 277.90 958.76 211.98 t 30.18 ' 435.90 168.40 2,083.12 Signs - 0_,253.08 1,117.25 - - - 3,370.33 Accounting 300.00 300.00 300.00 3011110 300.00 3110.00 1,800.00 Customer Refunds - - - 5.00 1800 12.00 35.00 Bank Charges - Merchant Fees - - - - 272.52 - 272.52 flaw - Management Fee 250.00 500.00 500.00 500.00 500.00 500.00 2,750.00 Total Expenses 5,226.80 11,879.9.5 11 375.24 7,896.51 7,820.27 6278.15 50,47692 Net Income 4,385.16 6,623.64 14,690.04 22,511 U7 9,232,62 7,971.36 65,416.89 Incentive Management Fee 438.52 662.36 1,469.00 2,251.41 923.26 797.14 6,541.69 Net Proceeds before Capital Expenditure 3,946.64 5,961.28 13,221.04. 20,262.66 8,309.36 7,174.22 58,875.20 Retained for Capital Expenditure (3,946.64) (5,961.28) (13,221.04) (20,202.66) (8,309.30) (3,203.88) (54,904.86) Net Proceeds - Check Issued 0.00 (0.00) (0.00) 0.00 (0.00) 3,970.34 3,9710.34 Operating, Statement updated un J my to add the monthly base manaoeueent fee. ZtttTbt xvd 90:TO DNINNVd 1VI33dXI 11'12 98 01:06 FAX 3414442 IMPERIAL PARKING Z 005 CITY OF STILLWATER SURFACE LOTS 081, 082, & 089 Comparison Year -To -Date of 1997 and 1998 Activity For the Months of January through October 1997 I 1998 REVENUE 081 South Main - Daily / Transient 31,371,22 66,804.29 081 South Main - Visa Revenue 10,085.59 7,103.83 052 River Got - Daily / Transient 10,543.49 38,186.22 082 River Lot - Visa Revenue 1,301.41 0146.00) 089 UBC Lot - Daily / Transient - 3,945.45 Total Revenue 53,301.71 115,893.81 EXPENSES Stillwater - Labor I0,251.20 26,547.51. Stillwater - Payroll Expense 2,767.82 7,167.84 Less: Freightnouse Labor (884.68) (3,165.48) Less: Lumber Baron Labor - (1,502.67) Repairs ek Maintenance General 1,205,95 4,913.75 Automobile - 1,680.00 Insurance 1,860.00 3,410.00 Telephone 392.00 525.00 Uniform 360.00 590.00 Utilities - - Supplies 394,99 2,083.12 Signs - 3,370,33 A:counthig 900.00 1,800.00 Customer Refunds - 35.00 Sank Charges - Merchant Fees 272.52 Base Management Fee 1,500.00 2,750.00 Total Expenses 16,747.28 50,476,92 Net Income 34,554.43 65,41.6.59 Incentive Management Fee 3,455,44 6,541.69 Net Proceeds before Capital Expenditure — 31,098.99 58,875.20 j Retained for Capital Expenditure (23,001.00) (54,904.86)) Net Proceeds - Check Issued 8,097.99 3,970.34 11-12.98 01:06 FAX 3414442 IMPERIAL PARKING 17A 006 CITY OF STILL'WATER SURFACE LOTS 081, 082, & 089 1998 CAPITAL EXPENDITURE STATUS Through the Month of October 1998 Expenditures Master Civil & Construction- Lot Paving 44,826.00 Ventek 9,978,86 Total Expenditures 54,804.86 Less: Amount Retained for Capital Expenditures May-98 (3,946.64) Jun-98 (5,861.28) Jul-98 (13,221.04) Aug-98 (20,262.66) Sep-98 (8,309.36) Oct-98 (3,203.88) Total Retained Balance (54,804.86)