Loading...
LTC 497-2017 Parking Status Report July 2017MIAMIBEACH OFFICE OF THE CITY MANAGER NO. LTC# 497-2017 LETTER TO COMMISSION TO: Mayor Philip Levine and Members �f the City ommission FROM: Jimmy L. Morales, City Manager �� � DATE: October 10, 2017 � SUB�ECT: PARKING STATUS REPORT JU 2017 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: � July 2016 I On/Off Metered Spaces' On/Off Metered Spaces $2,968,135.34 Total Metered Spaces $2,968,135.34 *These amounts include revenue from Parkmobile transactions. July 2017 $2,851,432.57 $2,851,432.57 $ variance � � $(116,702.77) � $(1 16.702.77) � 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 42�d 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. Also, the proliferations of Transportation Network Entities (TNE) such as Uber and Lyft have impacted parking demand citywide. Unfortunately, TNE impact is difficult, if not impossible to quantify due to it being proprietary data. � II Enforcement*` July 2016 July 2017 $ variance � � M-D Parking Violations $252,975.12 $246,203.61 $�6,771 .51) � � Towing � 66,725.90 49,440.00 (17,285.90) � � Total Enforcement � $319,701.02 $295,643.61 $(24,057.41) � **These amounts include revenue for the month that had not yet posted. Enforcement: The City receives a share of ticket citations for parking violations that occur in Miami Beach and are collected by Miami-Dade County. When compared to the prior year, the reduction in enforcement revenue is partially attributed to the reduction in Freight Loading Zone (FLZ) enforcement hours as well as community adherence to the FLZ regulations. Also, there were three (3) more inches of rainfall in 2017 than in 201 b. III Off Street Facilities a. Garages 17th Street Garage Pennsylvania Garage Sunset Harbour Garage City Hall Garage 7th Street Garage 12th Street Garage 13th Street Garage July 2016 $416,912.85 85,094.51 65,047.10 57,059.77 � 260,982.22 � 68,091.48 � 140,668.61 � July 2017 $372,470.36 82,080.73 63,540.15 59,197.25 225,667.13 64,315.26 148,674.93 $ variance $ (44,442.49) (3,013.78) (1,506.95) 2,137.48 �35,315.09J (3,776.22J 8,006.32 October 10, 2017 Letter fo Commission Parking Status Report — July, 2017 Page2of3 42nd Street Garage 95,338.02 96,745.22 1,407.20 1 bth Street Garage 302,694.43 381,163.07 78,468.64 Total Garages � $1,491,888.99 $1,493,854.10 $1,965.11 � b. Joint Development* � July 2016 � July 2017 $ variance � Sth and Alton Garage � $29,754.96 � $46,059.52 $16,304.56 � Total Joint Development � $29,754.96 � $46,059.52 $16,304.56 � *46% of total revenue which represenfs the City's pro-rafa 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. The overall increase in garage revenue was due to an increase in transient parking activity at the 16'h street Anchor garage and a timing difference in the recording valet revenue from the Loews hotel. Both revenue gains at the 16'h street garage helped balance a reduction in transient and monthly permit revenue at the 17'h street and 7'h street garages. 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 July 2017 is $46,059.52 resulting in total net loss of $(1 1,959.44�. 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 "aRer hours and park and ride options to the entertainment districts. � IV Permit Sales I Municipal Monthly Permits I Valet & Space Rental � Residential and Visitor Permits I Hotel Hang Tags � Total Permit Sales V Preferred Lots Preferred Lots Total Preferred Lots VI Miscellaneous Miscellaneous Total Miscellaneous VII Pay by Phone Transaction Fees (collected on behalf of Parkmobile) Total Pay by Phone July 2016 $5,423.91 303,737.50 71,399.90 4,000.00 $384,561.31 $0.00 $0.00 $8,867.88 $8,867.88 $57,812.55 $57,812.55 July 2017 $6,024.26 236,516.00 70,038.50 � 0.00 � $312,578.76 � $0.00 $0.00 $67,316.86 $67,316.86 $ 64, 816.05 $64,816.05 $ variance $600.35 � (67,221.50) � (1,361.40) � (4,000.00) � $(71,982.55) � $0.00 � $0.00 � � $58,448.98 I $58,448.98 � � $7,003.50 $7,003.50 � 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. Ociober 10, 2017 Letter to Commission Parking Status Report—July, 2017 Page3of3 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. When compared to the prior year, the decrease in permit sales revenue was attributed to a reduction in metered space rentals throughout the month. 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 Citibike, advertising revenue, interest, etc. The increase was due to the timing differences in the posting of Citibike profit share revenue in 201 b. Parkmobile: The City Commission awarded Parkmobile to provide mobile payment application service. The mobile payment application service 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. 0 JLM/KGB/SF F:\PI NG\$PERS\StatusReport\2017V ul 2017