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Public Hearing — Adopt Ordinance to Amend Parking Rates & Hours November 5, 2019 Page 2 related amenities. Because of the findings, staff conducted parking rate surveys, walk and talk tours, and hosted and attended meetings to engage stakeholders in order to gain a better understanding of the needs of the Downtown. With the collaboration of various Downtown stakeholders, the results led to the formation and adoption of the Downtown Enhancements and Parking Modernization Plan and a governing Ordinance NS-2880 (Ordinance) and Resolution No. 2015-038 (Resolution) adopted by City Council on August 4, 2015. The Ordinance amended parking meter rates from $1.00 per hour to $1.50 per hour in the Downtown Zone and in the Midtown Zone; the Ordinance also established the hours of parking meter operations from 8:00 a.m. — 10:00 p.m. in the Downtown Zone Monday through Saturday, redefined boundaries of the meter zones within the meter district to reflect current parking practices, and modified parking regulations on Fourth Street between Ross Street and Mortimer Street to allow parking from 8:00 a.m. — 4:00 a.m. All revenues received from the amended parking rates funded the Downtown Enhancements and Parking Modernization Plan. Staff is now proposing the adoption of a new Ordinance (Exhibit 1) increasing the parking meter rates by $0.50 within the Downtown Zone including the Third Street and Bush Lot. Additionally, the Ordinance proposes to increase the hours of operation to include Sunday of each week from 8:00 a.m. to 10:00 p.m. within the Downtown Zone. The parking meter rates and hours of operation would remain unchanged within both the Willard and Midtown Zone(s) (Exhibit 3). Two -Hour Grace Period at City Parking Facilities In order to minimize impact for patrons of downtown businesses, staff is proposing to program automated parking equipment at the four (4) City -owned parking facilities located in the Downtown area to allow for a two (2)-hour grace period. The City's parking operator, SP Plus, has estimated that the implementation of a two (2)-hour grace period may result in a potential revenue loss of approximately $113,000. In addition, Staff recommends that the City Manager be granted authority to be able to vary the parking grace period for each of the parking garages as necessary in the future, but not to exceed a two (2)-hour grace period (Exhibit 2). Parking Structures (Garages) Rate Increase: As allowed by Resolution 2015-038, the City Manager has approved an increase to the parking structure rates, effective December 1, 2019, to $1.50 per hour; $10.00 daily maximum; and $50.00 per month for unreserved and $60.00 per month for reserved; the surface lot will remain the same at $1.50 per hour, unless an additional rate increase is approved by the City Council. Successes and Accomplishments with the Adoption of the Downtown Enhancements and Parking Modernization Plan: Listed below are completed projects by Finance and Management Services Agency (FMSA). The list includes projects in progress and operations maintained by FMSA to date related to the Downtown Enhancements and Parking Modernization Plan: 75B-2