HomeMy WebLinkAbout1998-03-11 DTPC Packeti I Iwater
THE BIRTHPLACE OF MINNESOTA
Downtown Parking Commission Agenda
Meeting Date Wednesday, March 11, 1998
City Hall Riverview Conference Room (2nd floor)
10 a.m.
Agenda Items.
1. Discussion Downtown Parking Program for 1998.
- Impark Programs
2. Other business.
CITY HALL: 216 NORTH FOURTH STILLWATER, MINNESOTA 55082 PHONE: 612-439-6121
MEMORANDUM
TO: Mayor and City Council
FR: Steve Russell, Community Development Director fL,/
DA: March 11, 1998
RE: Update on Downtown Parking Program
Based on last year's experience with the pay parking program, some modifications to the
program are being proposed. The program would be again run by Imperial Parking and be
operated from May 15 to October 11 during the ours of 9:45 am to 9:45 pom, Monday through
Saturday and 9:45 am to 5:45 pom, Sunday.
For 1998, a new, hopefully more reliable machine that takes up to $20 bills and makes change
will be used. These new machines cost $10,976 total. In addition, two ticket booths will be
setup at the two parking lots. The booths will be attended Friday, Saturday and Sunday during
peek times. The attendants will provide the public with general information on downtown
activities and attractions besides monitoring the operation of the parking ticket machines.
Based on the attached pro forma budget, it is estimated the program will generate $45,876
parking revenue for the coming year (see attachment).
Karl Ranum from the Downtown Parking Commission will attend the council meeting to answer
possible questions. The Parking Commission unanimously recommends the program.
Council Action: Approval of revised 1998 Downtown Parking Program
STILLWATER PARKING PRO FORMA OPTIONS COMPARISON
Combination
Revenue:
Attendant $ 91,500
Honor Box
Total Revenue 91,500
Expenses
Accounting 1,500
Insurance 3,100
Labor 21,360
Payroll Expense 5,767
Maintenance 1,900
Base Mgmt Fee 2,500
Supplies 1,800
Auto Expense 1,500
Telephone 500
Uniforms 600
Total Expenses 40,527
Net Income 50,973
Capital Costs for Upgrade (10,976)
Incentive Mgmt Fee 5,097
Net Proceeds (Chk issued) 45,876
Notes:
1. Hours of operation are Monday through Saturday, 9:45 am to 9:45 pm and 9:45 am to 5:45
pm, Sundays.
2. Supplies needed for full time staffing are prepay tickets ($600); honor box and envelopes
($600); and two installed booths ($500 each).