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09/18/2018 12B Downtown Parking InformationBUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT ITEM TITLE: Downtown Parking Information SUBMITTED BY: SUMMARY EXPLANATION: ITEM BUDGETED: STRATEGIC PRIORITY: STAFF RECOMMENDATION: BOARD/COMMITTEE RECOMMENDATION: ATTACHMENTS: Description Upload Date 0 parking 9/13/2018 1 Item No. 12.B. For Meeting of: September 18, 2018 Type Co\,er Memo 2 Downtown Parking Action Plan At the February 17, 2015 Yakima City Council meeting, the City's Economic Development Manager, Sean Hawkins, presented an update on the implementation status of short-term parking recommendations made by Carl Walker and Associates in their Downtown Parking Study. In addition to those recommendations, the following opportunities are recommended to our downtown parking system for Yakima City Council consideration. All operating and capital costs associated with these recommendations are included in the adopted 2015 City of Yakima budget. Adoption of these recommendations will add an additional 446 free public parking spaces to the core of downtown and create a safer parking environment. Action Cost Date of Completion Impact 1. Convert parallel parking spaces to angled parking spaces on 4th Street between Yakima Avenue and East Walnut Street $20,000 May 1 35 new spaces open to the public 2. Convert parallel parking spaces to angled parking spaces on Chestnut Street between 1st Street and Front Street and on S. Front Street between Yakima Avenue and Chestnut Street $20,000 May 1 25-30 new spaces open to the public 3. Enter into two-year agreement with JEM Development to make the 4th Street and SSgt Pendleton Parking Lot open to the public during Plaza Construction No fee for rental agreement. $3,000 to restripe lot May 1 186 new spaces open to the public 4. Enter into two-year agreement with JEM to make former Yakima Mall Parking Garage open to the Public during Plaza Construction No fee for rental agreement. $2,000 per month to cover maintenance, security and lighting upgrades May 1 200 new spaces open to the public 3 S. Convert under used Public LotLots nto No Time Limit / Free Employee Residential Parking City of Yakima sign department will make necessary signage changes April 1 Converts 257 spaces to dedicated to all day parking for residents and employees 6. Add Nighttime Security on Friday and Saturday Nights from 6:00 p.m. — 2:00 a.m. year round $23,000 per year May 1 Visible nighttime security in Downtown ¥akima and available safety escort service to employees and customers 7. Lighting Updates to Three City Owned Parking Lots including YPD Probation Lot (3 and VVa|nut),YPACLot (Second Street) and Barrelhouse Lot(l~ Street) $128,000 May 1 Safety improvements to key city owned Iots for employee, residential and event parking 8. Upgrade Parking Enforcement Software by switching to Passport Parking Software $2/)OOcharge for � upgrading enforcement two Android Phones and Bluetooth Printers May 1 Upgrades include ability to write warnings instead of tickets, assign outstanding ticket directly to collections and mobile pay service 9. Arrange shuttle service for event attendees during Besof Broadway and Yakima Symphony Orchestra shows at Capitol Theatre from VPD Probation Lot and County Courthouse Parking Lot $5,000 annually. $250 per performance — 20performances per year. May 1 Provides easy acces via shuttle to the Capitol Theatre from nearby parking Iots within two blocks of the theatre 4 Memorandum To: City Manager and Yakima City Council From: Sean Hawkins, Economic Development Manager James Dean, Parking Manager Date: February 12, 2015 Subject: Parking Update Yakima City Council 2.17.2015 The following is a summary of the Carl Walker and Associates Parking Study and the City's efforts to implement their recommendations. Key Findings from Carl Walker and Associates Parking Study • Study area of 29 blocks. Boundaries include Lincoln to the north, Sixth Street to the east, Front Street to the west and Walnut to the south. • Field observations show there is 4,700 parking spaces in the study area. Of this total number, 3,665 spaces are in off street parking facilities, and 1,035 spaces are located on street. This number does not include the 1,400 spaces in the former Yakima Mall facility, the 100 spaces in the Dragon Inn Parking Garage or the 140 spaces the City created with the parallel to angled parking conversion project in 2014. • Carl Walker and Associates determined overall parking space demand at 50.4% during the lunch hour which is the busiest time of the day. In other words, at our busiest time of the day, there were still 2,331 vacant parking spots in our study area. This number does not include the spaces mentioned above in the Yakima Mall facility, the Dragon Inn Garage or the additional 140 on street spaces. • In all 29 blocks studied, only three locations reached 100% capacity during the lunch hour period and in the 6-8 p.m. timeframe during a Friday night survey. Those three blocks were the City -owned Second Street lot, Millennium lot and the lot on the SE corner of 1st and SSgt Pendleton Way. Carl Walker documented turnover in those lots to be anywhere between 2.3 and 2.5 hours and verified that employee parking was causing lack of turnover and challenges to parking availability for retail customers. The following parking recommendations from the Carl Walker report were presented to the City Council at its September 11, 2014 meeting. A status update is included on each item. 1) Recommendation - Finalize Physical Plan to Increase On Street Parking - Status - the City added 140 new spaces in the core of downtown in November 2014. Additionally, we have found that we can add another 35 spaces by converting parallel parking to angled parking on 4th Street between Yakima Avenue and Walnut Street. Another 25 spaces could be added using the same conversion on Chestnut Street between 1st Street and Front Street and Front Street between Chestnut Street and Yakima Avenue. 5 2) Recommendation - Designate Staff Person to Oversee and Manage Parking System - Status - James Dean was appointed Parking Manager by the City Manager in October 2014. On December lst, 2014, the City's two parking enforcement officers began reporting directly to James which has created better communication to address daily parking issues. James changed the officer schedule to have one officer work until 6:00 p.m. in the evening so enforcement would happen later into the day as opposed to ending at 4:00 p.m. James worked on finding the best parking enforcement system and is recommending changing from Velosum to Passport Parking, Inc. James is also completing a return on investment study on another piece of technology that would allow customers to use their smart phones to see available parking spaces downtown. 3) Recommendation - Revise YMC 9.50 to Make Parking Hour, Loading Zone and Residential Permit Changes an Administrative Decision - Status- Yakima City Council approved this ordinance change at the October 7, 2014 City Council meeting. When striping season begins later this spring, we intend to remove the loading zone in front of the Yakima Train Depot opening three spaces in front of Northtown Coffee and shortening the loading zone on the Yakima Avenue side of the Larson Building opening two to three spots next to Jimmy Johns. All adjoining property owners have signed off on those changes. 4) Recommendation - Revise Time Limits in Three Primary Public Lots to Two Hours to Accommodate Customer Parking Turnover and Create Dedicated Employee Parking Opportunities - Status - This hour change process is ready to take place on approximately March 1, 2015 upon the completion of the parking communication materials. 5) Recommendation - Work with Owners of Existing Private Lots to Allow General Public Parking After Hours - Status - agreements with the private sector are still being developed. 6) Recommendation - Convert Under -used Public Lots into No Time Limit / Free Employee and Residential Parking - Status - This process is ready to take place on March 1, 2015 upon the completion of the parking communication materials. The parking lots scheduled to be converted to eight-hour free employee and residential lots are the following: • Barrel House lot (1st and Yakima) - 64 spaces • Yakima Avenue and S. Front Street lot - 68 spaces • YPAC lot (S. Second Street) - 22 spaces • Probation Parking lot (S 3rd and Walnut) - 78 spaces • On Street E Chestnut between 1st and Front - 25 spaces • All of these spaces are owned by the City of Yakima with the exception of the Front Street lot, which the North Front Street Association leases from Burlington Northern. • This is 257 spaces dedicated to all day, free parking in the downtown district. Permits will still be available for those in closer lots for $40 per month plus tax. 6 An attachment to this document shows the walking distances for employees to various key destinations in downtown. 7) Recommendation - Develop Multi -tiered Special Event Parking Plan - Status - once the new director of the Capitol Theatre is established in his position, we intend to work on a series of signage and communication directives to promote the easiest and best places to park for performances. 8) Recommendation - Develop Parking Marketing and Communications Plan - The first piece of the communications plan, an attractive parking map, will be presented at the City Council meeting on February 17th. Additional Recommendations to Parking System 1. Add Nighttime Security on Friday and Saturday Evenings Year Round - We can add nighttime security throughout downtown Yakima on Fridays and Saturday nights by adding to the Block by Block contract. Block by Block currently performs this service in the Golden Triangle (Washington, DC), the Old Pasadena Management District (Los Angeles) and Downtown Long Beach, California. Adding a 6:00 p.m. - 2:00 a.m. service on both Friday and Saturday nights year round would cost $23,000. Security guards could perform escorts as needed to walk employees to their cars upon completion of their shifts. 2. Lighting Updates to Three City Owned Parking Lots - Three lots that we are proposing for eight-hour employee parking are in need of lighting upgrades. a. YPD Probation (3rd and Walnut) b. North of YCTV (2nd Street) c. Barrelhouse Lot (1st Street) Totals: $128,000 $ 33,000 $ 30,000 $ 65,000 3. Passport Parking Enforcement Security - We recommend terminating the contract with our current parking enforcement software vendor, Velosum, and entering into an agreement with Passport Parking Inc. Passport Parking system includes many significant upgrades that the Velosum system does not offer: • The ability to assign outstanding accounts directly to collections. We currently do not collect on 40-45% of citations that are written by our officers; • Offers the ability for officers to look at an offender's history (write warnings instead of tickets); • Mobile pay service to allow people to pay fines with their credit card. The Passport Parking system has no monthly cost to the City but adds a $3.00 service fee to each collected ticket amount. At first, we recommend that the $3.00 fee be deducted from the $20 ticket fee, not added on. The contract with Passport Parking is a month to month 7 service and their service is currently used by 41 municipalities. The only upfront cost to the City would be for two Android phones and two Bluetooth enabled printers, 4. Staff is in discussion with owners of the Yakima Mall Garage and Dragon Inn Garage about leasing additional public parking opportunities once the plaza is under construction to accommodate the 196 spaces being temporarily displaced. Downtown Parking City Council Study Session August 22, 2017 Cliff Moore — City Manager Sean Hawkins — Economic Development Manager James Dean — Utility Customer Service Manager Jeanne Thompson — Financial Services Officer Today's Agenda 1. Inventory • Review of Carl Walker, INC 2014 Parking Study Possible Additions to Downtown Parking System 2. Revenue • 10 Year Revenue Picture • What Parking Revenue Has Been Spent On Cale Parking Meters • Parking Permits 3. Enforcement Current Enforcement Method Passport Streetline Options for Parking Meters Placement Carl Walker Inc Parking Study Focus Area August 2014 35 Block Core of Downtown Yakima To' Parking Inventory—August 2014 • On -Street Parking = • Off -Street Parking = Total ACTIVE Supply 1,035 Spaces 3,665 Spaces *4,700 Spaces *NOTE: Does NOT include closed Yakima Mall parking spaces, Dragon Inn Garage, or Tower Building underground (Approximately 1,100+ spaces). Also does not include any of the spaces the City of Yakima gained through new angled parking in downtown (140 spaces) and opening the YPD lot for all day public parking usage (90 spaces) and opening the lot at 4th Street and SSGT Pendleton Way for all day public parking usage (180 spots). Peak Occupancy Counts Heat Map by Block 12:OOpm Wednesday, April 16th, 2014 All Parking ME =0%-40% IIIIN = 41% - 70% =71%-90°% 11111 =91%-100% Evening Peak Occupancy Counts 8:OOpm Friday, April 18th, 2014 11111111 = 0% - 40% NII =41%-70% =71%-90% 11111 =91%-100% Existing Parking Adequacy Total Active Parking Supply = Effective Parking Supply (90%) = Adjusted Observed Occupancy = Number of Spaces 4,700 4,230 2 369(56%) Current Effective Parking Surplus = 1,861 NOTES: Does NOT include closed Yakima Mall parking spaces, Dragon Inn Garage, or Tower Building underground (Approximately 1,100+ spaces). Also does not include any of the spaces the City of Yakima gained through new angled parking in downtown (140 spaces) and opening the YPD lot for all day public parking usage (90 spaces) and opening the lot at 4th Street and SSGT Pendleton Way for all day public parking usage (180 spots). Parking Primary • Carl Walker ons - Immed• ate • Revise Time Limits in the Primary Public Lots Down to Two Hours Maximum to Provide More Short -Term Customer Parking - Complete, Tots are now 2 hours • Work With Owners of Existing Private Lots to Allow General Public Parking, Especially After 5:00pm — Complete, agreements in place with Yakima Federal, Bank of America, JEM Development and Yakima County Convert Under -used Public Lots Into No Time Limit/Employee Parking: (Barrelhouse Lot; YPD Lot at 3rd Street & Walnut; YPAC lot on Second Street) - Complete Designate Staff Person to Oversee and Manage Parking: Complete, James Dean Promoted to Oversee Parking — One Point of Contact for Planning & Management — Enforcement Personnel Under Direction of Parking Manager — Change Ordinance to Allow for Administrative Decision -Making Authority Re -allocate Public Parking Lots Change From 4 Hour to Short-term Customer Parking (2 Hour Time Limit) Change From 4 Hour to 8 Hour Employee Parking City Initiate Public Lot Improvements to Include Lighting, Line Striping, Security and Pedestrian Improvements Aug 1, 2017 — Noon Aug 9, 2017 — Noon —YPAC Lot Aug 9, 2017 — Noon —YPD Lot Carl Walker Parking Study Primary Recommendations — Short -Term • Finalize Physical Plan to Increase On -Street Parking - Complete Develop Plan for Parking -Related Physical, Cosmetic, Safety & Security Improvements for all Existing Public Lots — Complete, spent $80,000 to update lighting in three downtown parking Tots • Develop Multi -tiered Special Event Parking Plan - Ongoing — Capitol Theatre/Fresh Hop Ale Festival/Other Major Events • Start to Develop Parking Marketing and Communications Plan Branding/Marketing • Signage/Wayfinding — Complete, Room for Improvement • Parking Map/Website - Complete PARKING LOTS: - ALL DAY LOTS IN COUNTY & CITY HALL VISITOR LOTS - COMPLIMENTARY CUSTOMER LOTS STREET PARKING (MON-FRI, 8AM-6PM):"' 1 HR ALL DAY, 2 HR For more info, email- Parking(cx yakirnawa.go Options to Increase On -Street Parking Reduce Travel Lanes and Add Angled Parking Where Feasible Net Gain = 140 new public spaces created through Council approved project in 2014. 60 additional spaces could be gained on 4th Street, West Chestnut Avenue and South Front Street Carl Walker Parking Study Primary Recommendations — Long -Term Develop Strategies to Improve Consistency of Parking Enforcement • Develop Performance Metrics • Consider Tiered Fine Structure for Repeat Violators • Evaluate Current Enforcement Technology Implement Plan to Renovate and Open Yakima Mall and Dragon Inn Garages • Continue to Refine Parking Management Plan and Marketing Strategies Continue Benchmarking, Monitoring and Ongoing Planning Perform Detailed Parking Study After Five (5) Years Possible Parking Improvements to Downtown's Parking System Yakima Mall Garage New 3rd St. Access Yakima Mali Garage New 3rd St. Access City Assistance Parking Garage Entrance Demo and Modification Estimate Item DeserIptton SPCC Mobilization Prolect Temporary Traffic Control Removing Trees Removing Planters Removing Curb and Gutter Removing Curbing Removing Bollards Removing Sidewalk Removing Crosswalk Stripe Roadway Excavation Crushed Sturadn. Top Course Ural Quamlty LS LS LF LE EA SY LS 6 4 132 210 2 CY 8 TON Crushed Serlacing bade coarse TON HMA Cl 1/2 Inch, PG 64-28 Cement Concrete Treble Curb arid Gutter Ger atni Concrete Sidewalk. 6 In. Depth Conwrieroial Road Approach 80 TON 90 Cost/Unit Cost 3500 3500 310,000 Si0.000 33200 35000 375 3450 3300 $1,200 340 55.280 330 5250 330 3100 $30D 3500 33% $50 $4..000 340 3225 50 3100 SY 00 1 $500 53,200, 320. 35,000 350 33,000 $10.000 510,000 , Subtotal: $82 780 Con$16,556tingencies: To.: $99,336 Parking Shuttle for Major Event Nights Yakima Transit Options $75.00 an hour for a bus x 4 hours= $300.00 • $70.00 an hour for a Cut Away x 4 hours 4280.00 • $66.00 an hour for a van x 4 hours =$264.00 Numerous Routes Possible Additional Angled Parking Additions • 60 New Spots — 4th Street, Chestnut Avenue and Front Street • Total cost-$50,000—no revenue source identified Parking Revenue Yakima Parking System 10 Year Financial Review CITY OF YAKIMA Parking Enforcement Revenues and Expenditures Ten Year Comparison --2008-2017 (Budget) Meters Meters Meters 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Actual Actual Actual Actual Actual Actual Actual Actual Actual Budget General Fund & Other Account Rewnue Citations/Penalties S 102,320 $ 68,268 $ 69,546 $ 84,111 $ 50,438 57,558 61,188 61,428 31,301 60,000 Special Use Permits : 88 64 $ 198 1,262 2.294 130 188 158 47 Lots -Hourly Fees " $ 2,479 $ 5,024 $ 20,396 $ 21,456 $ 14,147• - - Lots - Citations 34,310 30,000 30,000 Lots - Lease 3,090 340 340 170 340 480 120 600 Lots - Permits 26,765 26,886 42,671 39,552 45,027 27.408 32,745 26,471 25,751 15,280 Total Rewnue 134,742 100,242 $ 167,461 176,721 142,076 85,436 94.601 88,177 57,699 75,280 General Fund & Other Account Expenditures: Variable Costs: Salaries & Benefits Vehicle & Other Operating F pease Pacific Power (Lighting in Public lots) Enforcement Contract Cale supplies/fees Cont. for Clean & Safe ProgramtDYB1D Total Fxpenditures Parking Services Net Revenue 74,057 79,286 79,053 99,513 81,200 73,229 75,809 117,806 102,684 132,568 3,405 4,655 2,588 3,785 39,409' 11,245 96.3411 22,332 37,537 35,832 16,(14 18,692 11,096 8,173 7,559 8,410 7,090 9,209 8,011 9,240 30,000 30,000 28,912 - - - 4,649 6,022 3,492 - 50.000 50,000 50,000 50.000 47,700 32,395 50,000 50,000 50,000 50,000 143506 152,633 177,386 197,493 208,272 125,279 229,240 199,347 198,232 227,640 (8.764) $ (52391) (9,9 (20,772) (66.196) $ (39,843) $ (134,639) $ (111,170) $ (140,533) $ (152,360) Po Parking Revenue What Is It Spent On? • City's contribution to DYBID Clean and Safe Contract - $4O5Ok annually. Typically pays for the hanging flower baskets. Structural pruning of Yakima Avenue street trees $12k annually • Parking lot restriping - $4-5k annually • Chip sealing and Gb of parking lots - $2-4k range annually • Please note: Snow removal in parking lots is paid from the general fund City Parking Permit Process • $40 plus tax per month, no designated space with permit • 30% of the capacity in each of the City's four owned parking lots are available for permits Cale Parking Meters • The City installed six Cale Parking Meters in 2009 and they were removed at City Council direction in October, 2012. The City paid $8,915 for each meter. • Cost to place six meters back in service: $5,769 Total • Upgrade cost for Pay by Plate or Space Number: $11,700 Total • Cost for new meters (2017): $6,300 each Parking Enforcement 35 Many Ways to Pay 0 0 2 Mobile Web 2 0 Easy -to -Use Mobile App Let's get started! Sign up with your Phone Number, Email Address, or do a one -touch login with Facebook. l+4 rM WO. WOW: rir >*Mq.tNvuw M Orf• fr 1rW U4xN 111 0 rti.r W 1141.41• 40 row 41, M. ;at ft r rM MARY*WO* ._lirrt ROOM 4,111C,4 Mir kint"334 644M iSFi Oa, EZIMEM Enter Your Parking Info Simply enter the Zone Number, Space Number or LPN and the Length of Parking Time you would like to purchase Custom shortcuts allow for rnax purchase with one click! PayPal Paying for Parking All Major Credit Cards are accepted, as well as Paypal. Confirm and you're done! You are now notified of parking rates and any service fees, and can also cancel your transaction. You have just paid for parking! This screen tells you how kxrg you are parked, The app notifies you 10 minutes before your session expires. Streetline Parking Technology 1. Vehicle Sensing Streelline embedded sensor close-up and installed in a space, Streetline Parking Technology 2. Mobile Parking App Streetline Parking Technology 3. Guided Enforcement bA 0 0C 0 CU ttA C e 1:- L. ca a_ Real Time Data 4 * * * * * * * 40 Streetline Parking Technology 5. Online Parking Guidance STWEILEW Weiconin to Parking Streetline Cost $264,000 initial cost for sensor install for 1200 spaces • $241,200 annual operating cost for 1200 spaces includes guided enforcement • Full ROI including staffing comparisons will be conducted upon council direction. Annual results - time enforced over limit Over Lirrift citations per space Citation fine (average) Reverted per space Qua ' of spaces over limit citation revenue 0 ROl with Parking Ticket at $20 9.1.7 20.00 18336 1,200 220).027 ROI with Parking Ticket at $25 Annual results -time enforced over mit r Limit citations per space Citation fine (average) Revenue per space Quantity of spaces Subtotal over Unlit citation revenue Streetline Improvement improvement (%) Streetline 9. 7 25.00 229.20 1,200 275,034 improvernerit 6 220,027 Parking Meter Location Option 1 • Return to 2009-2012 meter placement. All revenue stays in City of Yakima 321 Account for future downtown improvements. • Use six City of Yakima owned meters. • Cost to place six meters back in service: $5,769 45 Parking Meter Location Option 2 • Retail parking focus — meters along Yakima Avenue between 1St and 4th Street and along 2nd Street and 3rd Street between Yakima Avenue and SSGT Pendleton Way. All revenue stays in City of Yakima 321 Account for future downtown improvements. • Use six city owned meters plus purchase three new parking meters for a cost of $18,900. Total cost including upgrade of City owned meters - $24,669 47 Parking Meter Location Option 3 • Retail parking focus —meters along Yakima Avenue between 1St and 3rd Street and along 2nd Street and 3rd Street between Yakima Avenue and SSGT Pendleton Way. All revenue stays in City of Yakima 321 Account for future downtown improvements. • Upgrade six city owned meters ($5,769) and purchase nine new meters ($56,700) for a total of $62,469. 49 Questions? City Council Study Session August 22, 2017 Cliff Moore — City Manager Sean Hawkins — Economic Development Manager James Dean — Utility Customer Service Manager Jeanne Thompson — Financial Services Officer To: From: Date: Subject: 51 MEMORANDUM Honorable Mayor and Members of the Yakima City Council Cliff Moore, City Manager November 27, 2017 Follow-up on parking meter revenue request (Barrel House Lot, Capitol Theater lot, the lot across Second Street Grill and the lot behind Second Street Grill adjacent to Wells Fargo) At the November 16, 2017 Council Briefing, you requested information about potential parking meter revenue if the Downtown Parking Meters were set to allow the first hour to be free of charge and then charge $0.50 per hour thereafter. Table 1 below shows the potential revenue that could be generated based on the following assumptions: 1. There are 284 available spaces for metered parking. Note: This number reflects an expectation that, on average, 122 parking passes are sold each month (revenue not included in the table below). 2. Proposed metered time is 9 hours per day (gam to 6pm). 3. Annual number of days to be metered 250 (no weekend and holidays). 4. According to the downtown parking study from September 2014, the average duration per vehicle in a parking space was 2.51 hours and the average turnover per parking space was 3.21 times per day. Table 1 — Estimated Revenue Based on Turnovers and Occupancy SPACE 25% TURNOVERS OCCUPANCY 0 $71,000.00 1 $62,125.00 2 $53,250.00 3 $44,375.00 4 $35,500.00 30% OCCUPANCY $85,200.00 $74 550.00 $63,900.00 40% OCCUPANCY $113 600.00 $99,400.00 $85 200.00 $53,250.00 $71,000.ao $42,600.00 $56,800.00 Table 2 below shows the previous revenue estimates with all the above noted assumptions, but does not include the one hour free option. Table 2— Estimated Revenue Based on No Free First Hour SPACE TURNOVERS 0 1 2 3 4 25% OCCUPANCY $79,875.00 $82,093.75 $84,312.50 $86,531.25 $88,750.00 30% OCCUPANCY $95,850.00 $98,512.50 $101,175.00 $103,837.50 40% OCCUPANCY $127,800.00 $131,350.00 $134,900.00 $138,450.00 $106,500.00 1 $142,000.00 52 As originally proposed, revenues generated by parking meters would be deposited to the City's 321 account for the downtown improvement and maintenance costs. This is consistent with the revenues collected for the parking permits. Reintroducing parking meters would come with some up -front, one-time costs. To cover the areas indicated, we would need to purchase two (2) additional meters for an estimated cost of $6,300.00; and we would need to upgrade the modems and batteries of the six (6) parking meters we currently own for an additional estimated cost of $5,769.00. The total cost of investment for these projects is estimated to be $12,069.00. It should be noted that there are free all day parking spaces for employees and customers available in three other locations downtown. The public parking lot across the street from the Yakima Police Department at Walnut and 3rd Street (90 spots), the public parking lot adjacent the City's YPAC building on Second Street (24 spots) and the parking lot across the street from the Yakima Herald Republic on the e Street (180 spots) will all remain open to public for all day's needs. 53 "OPTION 3" PARKING METER PLACEMENT "Option 3" involves up front hardware costs to enable full implementation of the plan. These costs include $5,769 to upgrade the batteries and modems on the existing six parking meters the City owns and $56,700 to purchase nine new parking meters bringing the total to $62,469 to provide parking meters for "Option 3." Servicing and enforcement of the meters would be provided by the current parking enforcement staff. The one-time cost of the upgrades would be offset by the potential revenue in the year of implementation. City staff analyzed the revenue impact of "Option 3" including an analysis of three different levels of occupancy. Other options that have a minimal impact on total revenue estimates include allowing 15 minutes of free parking and / or continuing to sell monthly permits for some spots in Lots 1 and 2. The scenarios in the chart below are inclusive of Parking Lot 2 (Millennium Plaza). If Parking Lot 2 were removed from either scenario, an estimated annual revenue of $38,531 (25% occupancy at a rate of $0.50 per hour) up to $123,300 (40% occupancy at $1.00 per hour) would need to be subtracted from the final total. The two scenarios are as follows: Scenario 1- Free parking not offered Hourly Rate Per Hour $0.50 0.75 1.00 25% occupancy per space $89,156 133,734 178,312 30% occupancy per space $106,988 160,481 213,975 40% occupancy per space $142,650 213,975 285,300 2018 Council Budget Presentation - 256 Scenario 2- Free parking for the first 15 minutes Flout% Rate Per I 25% occupancy Tour per space $0.50 0.75 1.00 $86,680 130,019 173,359 30% occupancy per space $104,016 156,023 208,031 54 40% occupancy per space $138,688 208,031 277,375 2018 Council Budget Presentation - 257