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Parking Enterprise Fund 27 <br />Item #16 <br />Community Development Agency <br />March 18, 2025 <br />Slide 8 <br />Budget Year 1 <br />METERS $2.50 & STRUCTURES $2.00 <br />NOTHING FREE <br />Category Revenue Expenses <br />Parking Meters ($2.50 per hour) $ 1,879,119 $ 1,531,120 <br />Parking Structures ($2 per hour)$ 5,063,081 $ 2,108,040 <br />Downtown Enhancement $ -$ 1,098,420 <br />Total $ 6,942,200 $ 4,737,580 <br />Net $ 2,204,620 <br />Meters and Structures will increase by $0.50 per year until maximum of $3.00 <br />(structure) and $3.50 (meters) is reached. City Manager will then have <br />authority to modify rates as needed.