03/21/2000 RA RPT 07 - Laserfiche WebLink

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CITY OF RIVERSIDE REDEVELOPMENT AGENCY MEMORANDUM Honorable Mayor & Agency Members Date: March 21, 2000 Item No.: 7 Subject: Request to Amend Rate and Operating Hour Schedule for Downtown Parking Facilities Background On April 6, 1999, the Agency adopted Resolution No. 657 approving a new Downtown Parking Rate and Hour Schedule CSchedule") for Agency administered downtown parking facilities. The Schedule is subject to change from time to time in order to address parking issues as they arise. The current request to amend the Schedule results from analyses of the following specific operational issues: · The cost disparities between the revenue and operational costs for staffing Garage 5 between the hours of midnight and 6 a.m. seven days a week. · A proposal for eliminating the group discounted rate and increasing the visitors, reserved and monthly parking rates in parking structures and parking lots. Analysis Garage 5: Ampco System Parking continues to review ways to increase revenues by decreasing the Agency's expenses. During the month of April 1999, Ampco surveyed the usage of Garage 5 during the hours of midnight and 6 a.m., seven days a week. The total revenue collected during this time period was $147. On the other hand, staffing these hours cost the Agency approximately $1,650 per month. Garage 5 is currently a 24-hour parking facility. At the direction of the Downtown Parking Committee (DPC), Ampco was asked to survey Garage 5 during the month of August. On September 9, 1999, staff presented the results of Ampco's survey, which revealed that revenues increased from $147 to $509. In addition, staffing costs for Garage 5 for the month of August were $1,902, a loss to the Agency of $1,393. DPC member Dee Gipson-Jimenez requested that this matter be continued until the new Mission Inn Parking Lease took effect at the end of December 1999. The DPC concurred. At the DPC meeting in February 2000, the DPC approved decreasing the staff hours in Garage 5. This would change Garage 5 from 24 hour to 6 a.m. and midnight Sunday through Thursday, and 6 a.m. and 2:30 a.m. Friday and Saturday. As a result of the decrease in staff hours, the Agency will save approximately $20,000 in operation expenses per year. Rate Increase Recommendations: For the past several months, the DPC has been reviewing equitable rates throughout the City of Riverside in order to propose a fair rate increase recommendation for downtown municipal parking facilities. The proposed rate increase would eliminate the group discount (10 or more spaces per month paid with one check) and raise other rates as outlined below: Current Monthly Rates Individual Rate: $25.00 Group Rate: $20 (equals 25% discount) Surface Parking Lots ' Proposed Monthly Rates Individual Rate: $25.00 No Group Rate The above proposal provides for the elimination of the discounted group rate, but does not effect the cost of the individual rate. Therefore, the parking rate for all users would be $25 per month, resulting in a 25% increase to group rate participants. 7-1