HomeMy WebLinkAboutUBC Lot Parking Commission Correspondence 1998MEMORANDUM
TO: Mayor and City Council
FR: Steve Russell, Community Development Director/2 -
DA: May 15, 1998
RE: Downtown Parking Commission Recommendation Regarding Use of UBC Lot
The Downtown Parking Commission reviewed the status of the UBC Condo Project and
recommends the City establish the lot as a pay parking lot on weekends and permit lot/summer
parking lot during the week. The system for collecting revenues would be a slot box and minor
improvements would be made to organize the lot for most efficient use. This would increase the
use of the lots, accommodate permit parkers and provide revenues to help pay for downtown
parking improvements.
Recommendation: Except Downtown Parking Commission recommendation to make UBC Lot
pay lot on weekends for 1998 season.
MEMORANDUM
TO: Mayor and City Council
FR: Steve Russell, Community Development DirectorA.----
DA: April 16, 1998 /
RE: UBC Lot for Summer 1998 Parking
The developer of the UBC lot is trying to put together financing for the condo/parking project.
To date, financing has not been found.
The Downtown Parking Commission reviewed the status of the lot at their meeting of April 2
and 16, 1998. Based on the lack of financing progress, they feel the city should consider making
the lot available for pay parking this summer.
The Commission suggested that the lot be improved and a parking machine installed. At a
$3/hour rate, it is estimated $25,000 - $30,000 would be generated from the lot per year with
little additional management cost to the city.
It is recommended by the Commission that the city consider financing the UBC improvements
with city funds paid back from parking proceeds. The estimated cost of improvement is
$100,000.
Another option for assisting in paying for the lot is forming a parking district. This financing
alternative was not supported by downtown businesses previously.
Recommendation: Consideration of improving UBC lot.
Attachment: UBC Lot Improvement Plans.
MEMORANDUM
TO: Mayor and City Council
FR: Steve Russell, Community Development Director
DA: April 16, 1998
RE: UBC Lot for Summer 1998 Parking
0.1
The developer of the UBC lot is trying to put together financing for the condo/parking project.
To date, financing has not been found.
The Downtown Parking Commission reviewed the status of the lot at their meeting of April 2
and 16, 1998. Based on the lack of financing progress, they feel the city should consider making
the lot available for pay parking this summer.
The Commission suggested that the lot be improved and a parking machine installed. At a
$3/hour rate, it is estimated $25,000 - $30,000 would be generated from the lot per year with
little additional management cost to the city.
It is recommended by the Commission that the city consider financing the UBC improvements
with city funds paid back from parking proceeds. The estimated cost of improvement is
$100,000.
Another option for assisting in paying for the lot is forming a parking district. This financing
alternative was not supported by downtown businesses previously.
Recommendation: Consideration of improving UBC lot.
Attachment: UBC Lot Improvement Plans.
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