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Item 18 - Agreement with IPS Group, Inc for Smart Parking Meters
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09/19/2023 Regular
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Item 18 - Agreement with IPS Group, Inc for Smart Parking Meters
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10/24/2023 11:43:17 AM
Creation date
10/24/2023 11:35:23 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
18
Date
9/19/2023
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Parking Meter Statistics <br />Meter Locations <br />Table 1 <br />Areas Meter Total <br />Downtown (includes Civic Center, Library & Old OC Court) 540 <br />Mid-Town 373 <br />Willard 349 <br />Total 1,262* <br />*Note: some meters have been temporarily removed or permanently removed due to construction and/or <br />new developments and some are placed in reserve as back-up inventory. <br />Meter Statistics <br />751 Traditional Meters <br />Only two forms of payment: coin and mobile app <br />Meters located mostly in the Mid-Town and Willard areas <br />593 Smart Meters <br />Three forms of payment: coin, mobile app, and credit card <br />Meters located mostly in the Downtown area (Civic Center, Library, and old <br />OC Court) <br />Meter Revenue <br />Parking meter revenue has fluctuated over the past three years due to the pandemic and <br />OC Streetcar construction. Table 2 below provides the parking meter revenue and the <br />various payment methods for Calendar Year 2022. <br />Table 2 <br />Meter <br />Type <br />Revenue <br />(Coin) <br />Revenue <br />(Credit Card) <br />Revenue <br />(Mobile App) <br />Revenue <br />(Total) <br />Traditional Meter $229,325 $0 $73,113 $302,438 <br />Smart Meter $367,506 $555,884 $161,646 $1,085,036 <br /> Total $596,831 $555,884 $234,759 $1,387,474 <br /> (%) (43%) (40%) (17%) (100%) <br />EXHIBIT 2
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