Parking Presentation 12-14-09

KEY POINTS KEY POINTS RESIDENTIAL NEIGHBORHOOD PASS NEIGHBORHOOD PASS EMPLOYEE SHUTTLE PROGRAM

ISSUES ENCOUNTERED MORE RESIDENTIAL INPUT OVERLOAD PUBLIC PARKING SHUTTLE COST COMPARED TO PARKING PASS = $4/day (shuttle)vs. $1.82/day (pass) PASS = $4/day (shuttle)vs $1 82/day (pass) LACK OF PARTICIPATION

DEMAND SUPPLY = 2548 DAYTIME DEFICIT = ‐115 EVENING DEFICIT = ‐483 IF WE DO NOTHING NOW: • DAYTIME DEFICIT IN 2014 = 175 • DAYTIME DEFICIT IN 2019 = 235

SOLUTIONS PASSES LAND USE PLANNING ENFORCEMENT GOAL: PARKING DECK RESIDENTIAL METERS PASSES PARKING FINES

GOAL Addresses Above Needs of Average Convenient Safe Accessible Consumers Consumers S l N Supply Now and & Future Residents

PROPOSED PARKING DECK LOCATIONS DECK LOCATIONS

DECK FINANCING DECK FINANCING 455 SPACE DECK WITHOUT EQUITY •$686,000 ANNUALLY 455 SPACE DECK WITH EQUITY WITH EQUITY •$556,000 ANNUALLY •$556 000 ANNUALLY ($1.5 million) DIFFERENCE •$130,000 ANNUALLY

PLANNING PLANNING FOR FUTURE ATTRACTING NEW INVESTORS CITY’S INVESTMENT IN PARKING NOW = LONG‐TERM GROWTH AND PRIVATE REINVESTMENT IT’S WHY THE SHUTTLE AND CHANGES TO THE SYSTEM O O ARE IMPORTANT NOW

ENFORCEMENT MORE ENFORCEMENT = LESS PARKING FINES AND MORE METER REVENUE INCREASE ENFORCEMENT BY ½ PERSON ON BUSIER DAYS (2 PERSON ON BUSIER DAYS (2 SPLITTING THE AREA)

METERS SWITCH TO MULTI‐SPACE METERS SWITCH TO MULTI‐SPACE METERS • Purchase 9 this FYE (2010) for Troy, Withington, Como’s @$90,000 • Budget for Remainder for FYE 2011 @$150,000 • Budget for Education CHANGE CITY HALL 30‐MINUTE TO METERED METER COURT PARKING LOT PROMOTE AMERICAN LEGION HALL AS FREE • Western Market And Other Employees = 20 Cars Out Of Neighborhood N i hb h d

METERS PREMIUM PREMIUM DISCOUNT DISCOUNT ON‐STREET LOTS LOTS • $1/HOUR • .75 75 • .50 50 • All on‐street CENTS/HOUR CENTS/HOUR • All Troy Lots, • East & West Withington, Breckenridge, Planavon, City Hall Library, Library Como’s, Falvey

METER REVENUE METER REVENUE CURRENT REVENUE PROPOSED POTENTIAL BOND $509,367 $818,849 DEBT COVERAGE • Di t L t $34 432 Discount Lots $34,432 • Di t L t $34 432 Discount Lots $34,432 $309 482 $309,482 • Premium Lots $330,906 • Premium Lots $496,359 • On‐street $144,029 • On‐street $288,058

CURRENT PASS RATE CURRENT PASS RATE 1 MONTH = $40 3 MONTH = $80 3‐MONTH = $80 ANNUAL = $240

PROPOSED PASS PROPOSED PASS TWO TYPES: • Discount Pass at W. Breckenridge, City Hall and on‐street on Withington • Standard Pass at Withington, Falvey NEXT STEP: Residential Pass E.Breckenridge & Carah‐Schnell g NO PASSES @ • Library, Como’s, Big Troy, Rosie and Planavon IMPLEMENT JANUARY 1, 2010

PROPOSED PASS PRICING Discount Standard •Month ‐ $40 •Month ‐ $60 •3‐Month ‐ h •3‐Month ‐ h $ $100 $ $150 •Year ‐ $360 •Year ‐ $540

PASS COMPARISON PASS COMPARISON • Interior Surface Lots $60/month • Remote Surface Lots $25/month Royal Oak • Structures $40 & $35 per month •NNo annual discount rate on surface lots l di f l • =$300 ‐ $720 per year • Ranges from $30 ‐ $55/ month Birmingham Bi i h • No annual discount rate • =$360 ‐ $660 per year

PASS COMPARISON PASS COMPARISON 6 DAY 6 DAY • $1.54/DAY FOR DISCOUNT PASS • $2.30/DAY FOR STANDARD PASS WORK • =INCREASE OF 76 CENTS PER DAY INCREASE OF 76 CENTS PER DAY WEEK • AN ANNUAL STANDARD PASS = $1.73/DAY PAYING AT • 8 HOUR SHIFT AT 75 CENTS/HOUR = 8 HOUR SHIFT AT 75 CENTS/HOUR = THE THE $6/DAY METER

TICKETS/FINES $25 after 72 $25 f 72 FERNDALE $6 hours $40 after 10 days $20 after 72 ROYAL OAK $8 hours $7 for 1st 7 $15 after 10 violations; $25 BIRMINGHAM for 8th in days; $35 after 10 days calendar year PLYMOUTH $15 $10 late fee

TICKETS/FINES CURRENTLY ALL FINES GO FROM GENERAL FUND CURRENTLY ALL FINES GO FROM GENERAL FUND TO COURT BUDGET • $195 000 ANNUALLY $195,000 ANNUALLY • 14,000 TICKETS AUTO PARKING FUND ULTIMATELY SHOULD BE AUTO PARKING FUND ULTIMATELY SHOULD BE WHOLE AND PREFERABLY SELF‐SUFFICIENT IF GOAL = DECK, Then We Must Increase Parking Fines & Redirect Funds To Auto Parking Fund g

TICKETS/FINES MINIMUM • INCREASE TO $10 • $4 GOES TO AUTO PARKING FUND • GENERATES $56,976 ADDITIONAL FUNDS RECOMMENDED • ALL FINES GO TO AUTO PARKING FUND ($251,976) ALL FINES GO TO AUTO PARKING FUND ($251 976) • AUTO PARKING FUND PAYS FOR TICKET PROCESSING FEES • @$237,976 NET TOWARDS PARKING DECK BOND

MATH METER REVENUE $ $309,000 PARKING FINES +$237,976 PARKING FINES +$237 976 BOND REVENUE =$546,976

TIMEFRAME PASSES – JANUARY 1, 2010 METERS & FINES SPRING – SUMMER 2010 METERS & FINES SPRING SUMMER 2010 CONSTRUCTION – SPRING 2011

Parking Presentation 12-14-09

by Ferndale Downtown Development Authority on Dec 17, 2009

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Parking Presentation 12-14-09 — Presentation Transcript

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