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LTC 498-2017 Parking Status Report August 2017MIAMIBEACH OFFICE OF THE CITY MANAGER NO. LTC# TO FROM: DATE 498-2017 L�TTER TO OMMISSION Mayor Philip Levine and Members Qf the City C� mission Jimmy L. Morales, City Manager c� � October 10, 2017 sug�ECT: PARKING STATUS REPORT AU�JST 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: � August 2016 � I On/Off Metered Spaces` � On/Off Metered Spaces $2,730,716.07 � Total Metered Spaces $2,730,716.07 "These amounts include revenue from Pay by Phone Transactions August 2017 $2,525,201 .OS $2,525,201.05 $ variance $�205,515.02) $(205,515.02) 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. When compared to the prior year, the meter revenue decreased due to segments of street level flooding after Tropical Depression Emily early in the month. Also, the proliferations of Transportation Network Entities (TNE) such as Uber and LyR have impacted parking demand citywide. Unfortunately, TNE impact is difficult, if not impossible to quantify due to it being proprietary data. � II Enforcement*' � � M-D Parking Violations $274,610.49 $240,061 .22 $�34,549.27) � � Towing 59,449.00 36,385.00 j23,064.00) � � Total Enforcement $334,059.49 $276,446.22 � $(57,613.27) � "*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 seven (7) more inches of rainfall in 2017 than in 2016. III Off Street Facilities a. Garages 17th Street Garage Pennsylvania Garage Sunset Harbour Garage City Hall Garage August 2016 $362,513.04 � 71,960.46 � 79,633.84 � 38,521.55 � August 2017 $295,988.79 67,167.30 68,166.08 30,994.34 $ variance $�66,514.25j � (4,793.16J � j 1 1,467.76) � (7,527.21) � October 10, 2017 Letter to Commission Parking Status Report - Augusf, 2017 Page 2 of 3 7th Street Garage 12th Street Garage 13th Street Garage 42nd Street Garage 216,924.58 190,089.49 50,662.85 50,458.23 131,272.42 141,213.75 79,909.07 77,420.56 � 16th Street Garage 344,366.54 � 324,304.69 � Total Garages $1,375,764.35 � $1,245,813.23 � � � b. Joint Development` � � Sth and Alton Garage $47,419.87 � $46,088.42 � Total Joint Development $47,419.87 � $46,088.42 *46% of total revenue which represents the City's pro-rata share pursuant to the Development Agreement (26,835.09) � (204.62) � 9,941.33 � (2,488.51) � �2o,ob�.as� � $(129,951.12) � $�1,331.45) � $(1,331.45) � 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 a decrease in nearly all the garages due to reduction in transient parking activity and monthly permits renewals. This partially attributed to impacts from aforementioned weather events. 5th and Alton Garage: The Sth 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%J for the month of August 2017 is $46,088.42 resulting in total net loss of $(12,289.84). 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. � IV Permit Sales � � Municipal Monthly Permits � I Valet & Space Rental I � Residential and Visitor Permits � I Hotel Hang Tags I � 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 August 2016 $7,650.28 366,993.50 74,020.73 4,000 $452,664.51 $0.00 $0.00 $85,375.58 $85,375.58 $54,708.80 $ 54, 708.80 August 2017 $3,262.89 329,857.50 70, 802 .73 4,000 $407,923.12 $0.00 $0.00 $106,065.52 $106,065.52 $58,597.01 $58,597.01 $ variance � � $(4,387.39) � (37,136.00) � (3,218.00) � 0.00 � $(44.741.39) � � $� $� � $20,689.94 � $20,689.94 � � $3,888.21 $3,888.21 � 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 renewa) by zone to renewal periods according to birth month (similar to vehicle �� October 10, 2017 Letter fo Commission Parking Status Report — August, 2017 Page 3 of 3 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 decrease due to a reduction and expiration of space rental permits. 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. 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. , JLM/KGB/SF f:\ping\$pers\sfafusreport\2017\aug2017\augusf 2017 parking status report.doc 3