LTC 300-2017 Parking Status Report March 2017 (Updated)MIAMBEACH
OFFICE OF THE CITY MANAGER
NO. LTC#
300-2017
LETTER TO COMMISSION
TO: Mayor Philip Levine and Memberskthe tymmission
FROM: Jimmy L. Morales, City Manager
DATE: June 2, 2017
SUBJECT: PARKING STATUS REPORT M4RCH 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:
March 2016 March 2017 $ variance
1 On/Off Metered Spaces*
On/Off Metered Spaces 1 $3,309,939.62 $2,961,038.30 $(348,901.32)
Total Metered Spaces 1 $3,309,939.62 $2,961,038.30 $ 348,901.32
*These amounts include revenue from Parkmobile transactions.
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. Also, the proliferations of
Transportation Network Entities (TNE) such as Uber and Lyft have impacted parking demand citywide.
Unfortunately, THE impact is difficult, if not impossible to quantify due to it being proprietary data
II Enforcement" March 2016
March 2017
M -D Parking Violations $301,128.21
$295,760.67 $(5,367.54)
Towing 59,661.70
66,635.00 6,973.30
Total Enforcement $360,789.91
$362,395.67 $1,605.76
**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.
March 2016
March 2017
$ variance
111 Off Street Facilities
a. Garages
17th Street Garage
$400,124.09
$482,404.58
$82,280.49
Pennsylvania Garage
89,000.03
133,112.62
44,112.59
Sunset Harbour Garage
94,811.09
93,514.24
(1,296.85)
City Hall Garage
57,517.60
43,393.04
(14,124.56)
7th Street Garage
250,092.11
285,71 1.27
35,619.16
12th Street Garage
67,009.36
119,950.49
52,941.13
13th Street Garage
140,224.95
117,860.84
(22,364.11)
42nd Street Garage
113,792.57
107,731.76
(6,060.81)
16th Street Garage
374,068.70
521,251.69
147,182.99
Total Garages 1
$1,586,640.50
$1,904,930.53
$318,290.03
June 2, 2017
Letter to Commission
Parking Status Report — March, 2017
Page 2 of 3
*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. The overall increase in revenue at 17th street, Pennsylvania
Avenue, 12th street and 16th Street garages was due to increases in monthly permits sales and valet
service operations. The decrease in revenue for the 131h street garage and the City Hall garage was
due to fluctuations in transient usage and continued construction at the Miami Beach Convention
Center, respectfully.
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 March 2017 is $55,328.56 resulting in total net loss of
$(28,669.22). 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.
March 2016
March 2017
$ variance
b. Joint Development*
March 2016
March 2017
$ variance
5th and Alton Garage
$66,052.13
$55,336.32
$(10,715.81)
Total Joint Development
$66,052.13
$55,336.32
$(10,715.81)
*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. The overall increase in revenue at 17th street, Pennsylvania
Avenue, 12th street and 16th Street garages was due to increases in monthly permits sales and valet
service operations. The decrease in revenue for the 131h street garage and the City Hall garage was
due to fluctuations in transient usage and continued construction at the Miami Beach Convention
Center, respectfully.
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 March 2017 is $55,328.56 resulting in total net loss of
$(28,669.22). 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.
V Preferred Lots
Preferred Lots $0.00 $0.00 0.00
Total Preferred Lots $0.00 $0.00 $0.00
VI Miscellaneous
Miscellaneous $5,174.67 $47,770.48 $42,595.81
Total Miscellaneous $5,17, $47,770.48 $42,595.81
VII Pay by Phone
March 2016
March 2017
$ variance
IV Permit Sales
$54,440.90
$62,085.50
$7,644.60
Municipal Monthly Permits
$14,416.26
$25,873.52
$11,457.26
Valet & Space Rental
369,697.48
406,205.50
36,508.02
Residential and Visitor Permits
68,782.02
77,308.24
8,526.22
Hotel Hang Tags 1
4,000.00 18,000.00
1
4,000.00
Total Permit Sales 1
$456,895.76 1
$517,387.26 1
$60,491.50
V Preferred Lots
Preferred Lots $0.00 $0.00 0.00
Total Preferred Lots $0.00 $0.00 $0.00
VI Miscellaneous
Miscellaneous $5,174.67 $47,770.48 $42,595.81
Total Miscellaneous $5,17, $47,770.48 $42,595.81
VII Pay by Phone
Transaction Fees
(collected on behalf of Parkmobile)
$54,440.90
$62,085.50
$7,644.60
Total Pay by Phone
$54,440.90
$62,085.50
$7,644.60
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
June 2, 2017
Letter to Commission
Parking Status Report — March, 2017
Page 3of3
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.
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 is due to the expiration of profit sharing
revenue exemptions that will contribute to larger profit sharing revenue with Deco Bike moving
forward
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
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