TO:
Honorable Mayor and Members of the City Council
THROUGH:
Bruce Moe, City Manager
FROM:
Steve S. Charelian, Finance Director
Carrie Tai, Community Development Director
Cynthia Mickschl, Revenue Services Manager
Erik Zandvliet, Traffic Engineer
SUBJECT:Title
Conduct Public Hearing for Coastal Development Permits to Approve an Increase to Parking Meter Rates for On-Street and Parking Lot Meters in the Appealable and Non-Appealable Coastal Zones (Finance Director Charelian).
a) CONDUCT PUBLIC HEARING
b) ADOPT RESOLUTION NOS. 20-0114 AND 20-0115
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Recommended Action
RECOMMENDATION:
Staff recommends that the City Council conduct a public hearing for coastal development permits to allow increases for parking meter rates to $2.00 per hour for on-street meters and City-owned parking lots in the appealable and non-appealable portions of the Coastal Zone.
FISCAL IMPLICATIONS:
Recommendations by staff are intended to offset revenue losses (approximately $544,000 annually, plus $51,000 retroactively waived) resulting from emergency actions taken by City Council that allow the use of metered on-street parking spaces by businesses to create outdoor areas. The revenue losses stem from the usage of at least 67 parking spaces and lost parking citations. The total loss is unknown since the number of parking spaces used will rise as more businesses request space. At the time of this report, several additional retail businesses have completed applications for use of parking spaces. As a result, the estimated revenue losses will increase.
The new parking meter rates are estimated to increase revenue by approximately $750,000 dollars per year, which is anticipated to offset the losses. This estimate is based on current parking trends. Increasing hourly parking rates by $0.25 for on-street meters (currently $1.75 per hour) parking and $0.50 for spaces in City lots (currently $1.50 per hour). Each $0.25 increa...
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