LTC 030-2017 Parking Statua Report September 2016MAMIBEACH
OFFICE OF THE CITY MANAGER
NO. LTC#
030-2017
LETTER TO COMMISSION
TO: Mayor Philip Levine and Members o the City C mission
FROM: Jimmy L. Morales, City Manager
DATE: January 19, 2017
SUBJECT: PARKING STATUS REPORT SEP EMBER 2016
The Parking Department received revenue from different sources outlined in the categories listed
below. In addition, only selected recurring expenses associated with the parking garages are reported
herein.
The following is a condensed presentation of revenue by source and variance:
September 2015 September 2016 $ variance
I On/Off Metered Spaces*
On/Off Metered Spaces $2,149,373.42 $2,590,452.14 $441,078.72
Total Metered Spaces $2,149,373.42 $2,590,452.14 $441,078.72
*These amounts include revenue from Pay by Phone Transactions
II Enforcement**
MD Parking Violations $249,464.73 $256,501.68 $7,036.95
Towing 72,129.80 49,508,40 (22,621.40)
Total Enforcement $321,594.53 $313,344.08 $(15,584.45)
**These amounts include revenue for the month that had not yet posted.
Meter Revenue: Meter revenue is composed of both single space and multi space meters on the street
and in lots as well as multi space meters located inside the City Hall and 42nd Street Garages. Meter
revenue variances are driven by many variables which include, but are not limited to, road and
sidewalk construction, closed streets and site of events held in the City. When compared to the prior
year, the meter revenue increased due to the hourly parking rate increase effective October 12, 2015;
however, there has been a decrease in the on-street hourly utilization of 8.56% and off-street hourly
utilization of 34.96%.
Enforcement: The City receives a share of ticket citations for parking violations that occur in Miami
Beach and are collected by Miami-Dade County.
January 19, 2017
Letter to Commission
Parking Status Report — September, 2016
Page 2 of 3
September 2015 September 2016 $ variance
III Off Street Facilities
a. Garages
17th Street Garage $169,803.45 $389,398.50 $219,595.05
Pennsylvania Garage 26,974.29 52,954.23 25,979.94
Sunset Harbour Garage 42,303.64 73,222.89 30,919.25
City Hall Garage 6,943,49 93,527.63 86,584.14
7th Street Garage 155,929,65 173,780,81 17,851.16
12th Street Garage 34,841.21 48,654.00 13,812.79
13th Street Garage 99,136.46 126,061.12 26,924,66
42nd Street Garage 32,310.90 80,001.15 47,690.25
16th Street Garage 301,205.95 216,716,14 (84,489.81)
Total Garages $869,449.04 $1,254,316.47 $384,867.43
b. Joint Development*
5th and Alton Garage $55,962,48 $45,383,38 $(10,579.10)
Total Joint Development $55,962.48 $45,383.38 $(10,579.10)
*46% of total revenue which represents the City's pro-rata share pursuant to the Development Agreement
Garages: Revenues are composed of transient, monthly, and flat rate special event rates. Garage
revenue variances are driven by many variables which include, but are not limited to, special events,
weather, tourism, and maintenance, There was an increase in all garages during the month of
September with the exception of 16th Street Garage which had a decrease in monthly revenue due to
the late posting of revenue for valet and bulk account holders.
5th and Alton Garage: The 5th and Alton Garage is a joint development (parking garage) with the
"Developer" (Edens) containing 1,080 parking spaces. The Developer and City own 54% and 46%
of the parking spaces, respectively, and profit/loss is also shared in the same manner. The City's
revenue portion (46%) for the month of September 2016 is $45,383.38 resulting in total net profit of
$17,128.55. Pursuant to the Development Agreement, the City receives its proportionate share of
profit or must subsidize any loss, The City and Developer continue to jointly pursue initiatives to
promote the use of the garage, These initiatives include but are not limited to "after hours" flat rate
parking; valet parking storage; monthly parking; and strategically placed electronic signage directing
users to the facility. Future considerations include promotional rates for "after hours and park and ride
options to the entertainment districts.
September 2015 September 2016 $ variance
IV Permit Sales
Municipal Monthly Permits $18,286.41 $24,107,74 $5,821.33
Valet & Space Rental 210,704.54 131,422,00 (79,282.54)
Residential and Visitor Permits (127,520.70) 72,969.77 200,490,47
Hotel Hang Tags 1,000.00 4,000.00 3,000.00
Total Permit Sales $102,470.25 $232,499.51 $130,029.26
V Preferred Lots
Preferred Lots $132,234.13 $0.00 $(132,234.13)
Total Preferred Lots $132,234.13 $0.00 $(132,234.13)
VI Miscellaneous
Miscellaneous $810,207.72 $664,378,74 $(145,828.98)
Total Miscellaneous $810,207.72 $664,378.74 $(145,828.98)
VII Pay by Phone
Transaction Fees
(collected on behalf of Parkmobile)
$50,424.05 $52,516,30 $2,092.25
Total Pay by Phone $50,424.05 $52,516.30 $2,092.25
January 19, 2017
Letter to Commission
Parking Status Report — September, 2016
Page 3 of 3
Permit Sales: The sale of residential and visitor's virtual permits was introduced in fiscal year 2015,
allowing residents to purchase residential permits and visitor permits for their guests online. As part of
this program, in 2015, the Administration transitioned from set annual or semi-annual periods for
residential permit renewal by zone to renewal periods according to birth month (similar to vehicle
registration renewals). This spread the purchase permit sales over all months versus a set month.
Additionally, before the transition to the new system, residents pre-purchased visitor hang tags from
our customer service center to be used at a later date. The new virtual permit system allows residents
to purchase a virtual visitor permit real time when needed. This eliminated the need to purchase
multiple (paper) permits and it too spread the purchase of the virtual visitor permits over all months
versus a set month. The virtual visitor permits are enforced using LPR technology. Lastly, when
compared to the prior year, valet and space rental revenue decreased due to a year-end journal entry
from the default on-street general ledger account in the new permit system to the parking lots general
ledger accounts. This journal entry was not required in previous years.
Preferred Lot: This lot is located in the front of the Convention Center, and variances are contingent on
convention center special events. This lot closed at the end of December 2015 to support the
Convention Center renovation project and eventual transition to a public meeting space.
Miscellaneous Revenue: This category consists of other accounts including a revenue share from Deco
Bike, advertising revenue, interest, etc. September 2015 revenue reflected a one-time payment from
Car Sharing pursuant to their agreement off-set by an increase in revenue from the auction of vehicles.
Parkmobile: The City Commission awarded Parkmobile to provide mobile payment application
service. Mobile payment application services provides enhanced functionality over the in-vehicle
parking meter. Miami Beach residents will continue to enjoy the resident discounted rate of $1.00 per
hour in the South Beach and Middle East Beach areas; from $4.00 for on-street parking and $2.00
for off-street parking in South Beach, and $3.00 for on-street parking and $2.00 for off-street parking
in East Middle Beach. Moreover, Parkmobile will assess no transaction fees to Miami Beach residents
for pay by phone service, Parkmobile began services on May 12, 2014. The revenue shown above
represents the transaction fees collected by the City for non-resident transactions and remitted to
Parkmobile in the following month. The increase is directly linked to increased usage of the mobile
payment application service.
1"
AM/KGB/SF
f: \ping \ $pers statusreport\ 2016 \sep. 2016 \september 2016 parking status report.doc