55C - RESO - RATE POLICY CITY OWNED PARKING

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REQUEST FOR` COUNCIL ACTION` CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: SEPTEMBER 3, 2013 TITLE: APPROVED ? As Recommended RESOLUTION CONFIRMING THE RATE Amended POLICY FOR CITY OWNED PARKING El Ordinance on Reading El Ordinance on 2 ntl Reading GARAGES AND T E SURFACE PARKING ? Implementing Resolution LOT IN THE DO TOWN ? Set Public Hearing For CONTINUED TO FILE NUMBER 4ER RECOMMENDED ACTION Adopt a Resolution confirming the parking rate policy for the City-owned parking garages and surface parking lot in the Downtown. DISCUSSION The proposed Resolution confirms the current parking rates charged for the use of the City- owned parking facilities in the Downtown area. As illustrated in Exhibit 1, there are four municipal parking garages and a surface parking lot in the Downtown area located at: (A) Third Street and Broadway Avenue, (B) Fifth Street between Bush and French Streets, (C) Third and Birch Streets, (D) Fifth and Main Streets, and (E) Third and Bush Streets In April 2013, the City Council approved an Operating Agreement with Central Parking System, Inc. (Operator) for a term of two years to operate the four parking garages and the surface parking lot. The parking hours vary between the facilities as shown on Exhibit 2. The rate charged for each parking structure during regular hours is $1 per hour or any fraction thereof with the first 30 minutes at $0.50 and a $7 maximum daily. In addition to the regular hourly rate, there is a pre-pay evening rate of $2.00 after 4:00 p.m. on Sunday through Tuesday, and $4.00 pre-pay flat rate after 7:00 p.m. on Wednesday through Saturday. Additionally, the City collects a $5 pre-paid flat rate during City-sanctioned special events, which is a discount from the $7 daily maximum rate. Further, the City charges a $3 rate for vendors participating in these special events. 55C-1