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LTC 180-2018 PARKING STATUS REPORT - FEBRUARY 2018MIAMIBEACH OFFICE OF THE CITY MANAGER NO. LTC# 180-2018 LETTER TO OMMISSION TO: Mayor Dan Gelber and Members o the City C mmission FROM: Jimmy L. Morales, City Manager DATE: April 6, 2018 SUBJECT: PARKING STATUS REPORT FEBUARY 2018 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: *These amounts include revenue from Pay by Phone 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. When compared to the prior year, meter revenue decreased due to the timing true -up payments of off-street surface lot lease agreements and the reclassification of meter revenue that took place in the prior year that did not take this year. 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. February February Monthly February February YTD L On/Off Metered Spaces* 2017 2018 Variance 2017 YTD 2018 YTD Variance On/Off Metered Spaces $ 2,687,080 $2,349,134 $ (337,946) $ 11,740,276 $ 11,478,700 $ (261,576) Total Metered Spaces $ 2,687,080 $2,349,134 $ (337,946) $ 11,740,276 $ 11,478,700 $ (261,576) *These amounts include revenue from Pay by Phone 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. When compared to the prior year, meter revenue decreased due to the timing true -up payments of off-street surface lot lease agreements and the reclassification of meter revenue that took place in the prior year that did not take this year. 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. **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 was attributed to community adherence to City parking regulations. February February Monthly February February YTD II. Enforcement** 2017 2018 Variance 2017YTD 2018YTD Variance M -D Parking Violation $ 244,506 $ 226,825 $ (17,681) $ 1,207,232 $ 1,176,722 $ (30,510) Towing 51,715 48,385 (3,330) 265,325 250,830 (14,495) Total Enforcment $ 296,221 $ 275,210 $ (21,011) $ 1,472,557 $ 1,427,552 $ (45,005) **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 was attributed to community adherence to City parking regulations. April 6, 2018 Letter to Commission Parking Status Report - February, 2018 Page 2 of 4 III. Off Street Facilities February 2017 February 2018 Monthly Variance February 2017 YTD February 2018 YTD YTD Variance A. Garages 2017 2018 Variance 2017 YTD 2018 YTD Variance 17th Street Garage $ 329,247 $ 302,685 $ (26,563) $ 1,739,394 $ 1,677,655 $ (61,739) Pennsylvania Garage 77,322 75,247 (2,074) 397,145 413,264 16,118 Sunset Harbour Garage 63,520 58,476 (5,044) 370,897 357,667 (13,230) City Hall Garage 31,989 55,040 23,052 208,101 189,732 (18,369) 7th Street Garage 202,090 204,188 2,098 988,009 981,156 (6,853) 12th Street Garage 48,067 56,009 7,941 240,199 292,222 52,023 13th Street Garage 131,631 139,005 7,375 683,214 722,116 38,902 42nd Street Garage 78,946 84,426 5,480 374,503 390,291 15,788 16th Street Garage 245,109 265,881 20,772 1,437,739 1,417,283 (20,456) Total Garages $ 1,207,921 $1,240,957 $ 33,036 $ 6,439,201 $ 6,441,386 $ 2,185 *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 garage revenue was due to the true -up payment from the Citys valet concession agreement that was paid at a later period last year. 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 February 2018 is $40,240.91 resulting in total net loss of $4,607.55. 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. February February Monthly February February YTD B. Joint Development* 2017 2018 Variance 2017 YTD 2018 YTD Variance 5th and Alton Garage $ 54,674 $ 40,241 $ (14,433) $ 244,576 $ 196,819 $ (47,757) Total Joint Development $ 54,674 $ 40,241 $ (14,433) $ 244,576 $ 196,819 $ (47,757) *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 garage revenue was due to the true -up payment from the Citys valet concession agreement that was paid at a later period last year. 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 February 2018 is $40,240.91 resulting in total net loss of $4,607.55. 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. April6, 2018 Letter to Commission Parking Status Report - February, 2018 Page 3 of 4 IV. Permit Sales February 2017 February 2018 Monthly Variance February 2017 YTD February 2018 YTD YTD Variance Municipal Monthly Permits $ 22,061 $ 29,059 $ 6,998 $ 95,295 $ 123,890 $ 28,596 Valet&Sapce Rentals $ 309,944 $ 312,381 2,438 1,055,841 1,377,108 321,266 Residential & Visitor Permits $ 67,686 $ 62,385 (5,300) 348,024 550,785 202,761 Hotel Hang Tags $ 4,000 $ 4,000 - 24,000 16,000 (8,000) Total Permit Sales $ 403,690 $ 407,825 $ 4,135 $ 1,523,160 $ 2,067,783 $ 544,623 VII. Pay by Phone February February Monthly February February YTD V. Preferred Lot 2017 2018 Variance 2017YTD 2018YTD Variance Preferred Lot $ - $ - $ - $ 100,037 $ 100,000 $ (37) Total Prefered Lot $ - $ - $ - $ 100,037 $ 100,000 $ (37) VII. Pay by Phone February February Monthly February February YTD VI. Miscellaneous 2017 2018 Variance 2017YTD 2018YTD Variance Miscellanous $ 59,009 $ 82,103 $ 23,094 $ 196,252 $ 267,345 $ 71,093 Total Miscellaneous $ 59,009 $ 82,103 $ 23,094 $ 196,252 $ 267,345 $ 71,093 VII. Pay by Phone February 2017 February 2018 Monthly Variance February 2017 YTD February 2018 YTD YTD Variance Transaction Fees (Collected on behalf of Parkmobile) $ 55,365 $ 62,210 $ 6,845 $ 263,932 $ 301,237 $ 37,305 Total Pay by Phone $ 55,365 $ 62,210 $ 6,845 $ 263,932 $ 301,237 $ 37,305 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. 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 overall increase in revenue is due to timing differences in the recording of Citibike sponsorship revenue share. 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 April 6, 2018 Letter to Commission Parking Status Report — February, 2018 Page 4 of 4 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/Ke:/SF f:\ping \$pers\statusreport\2018\February201 8parkingstatusreportdoc tqy Zone South South South South South Middle South South South South Name 01 7th Street G2 12th Street G3 13th Street G4 16th Street (Anchor) G5 17th Street G6 42nd Street G7 City Hall G8 5th & Alton* G9 Pennsylvania Avenue 010 Sunset Harbor City of Miami Beach Parking Utilization Trend Feb -17 181,886 46,077 122,210 209,066 261,816 52,484 19,528 13,284 44,908 52,279 ATTENDED GARAGE HOURS Feb -1 165,912 54,764 123,419 182,741 221,419 54,568 12,554 14,137 30,531 46,379 TOTAL GARAGES HOURS *The 5th & Alton Garage provides free parking Zone # Name 1,003,539 906,423 for the first 2 hours of occupancy Feb -17 Monthly Variance (15,974) 8,686 1,208 (26,325) (40,397) 2,084 (6,974) 853 (14,378) (5,901) (97,116) Varince % -9% 19% 1% -13% -15% 4% -36% 6% -32% -11% -10% ATTENDED LOT HOURS Feb -18 South P1 South Pointe 15,806 20,415 South P32 P -Lot* - Middle P71 46th & Collins 113,675 99,649 (14,026) TOTAL LOT HOURS 129,481 120,064 (9,417) *The P -Lot closed following Art Basel 2015 do to the renovation of the Miami Beach Convention Center Monthly Variance 4,609 February FY 2017 YTD 865,241 201,387 616,408 1,124,529 1,303,419 228,720 1 17, 908 78,343 245,816 283,857 5,065,629 February FY Varince % 2017 YTD 29% 77,339 0% -12% 289,004 -7% 366,343 February FY 2018 YTD 830,304 250,782 632,239 1,044, 852 1,137,432 224,108 87,908 69,153 205,627 255,660 4,738,065 February FY 2018 YTD 86,462 290,095 376,557 YTD Valance (34,938) 49,395 15,831 (79,677) (165,987) (4,612) (30,001) (9,190) (40,189) (28,197) (327,564) YTD Vaiance 9,123 1,091 10,214 YTD Variance % -4% 25% 3% -7j -13% -2% -25% -12% -16% -10% -6% YTD Variance % 12% 0% 0% 3% TOTAL ATTENDED PARKING HOURS 1,133,020 1,026,488 (106,533) -9% 5,431,972 5,114,621 (317,350) -6% Zone South Middle North TOTAL OFF-STREET HOURS Zone South Middle North TOTAL ON -STREET HOURS Feb -17 223,717 68,285 82,629 374,631 Feb -17 Zone A Name Middle G6 42nd Street South G7 City Hall TOTAL GARAGE HOURS 331,310 66,647 56,228 454,184 Feb -17 174 2,101 2,276 METERED LOT HOURS (OFF-STREET) Feb -18 222,509 77,742 76,234 376,485 Monthly_ Variance (1,209) 9,457 (6,395) 1,854 Varince % -1% 14% -8 0% F r �1L F bruary 2017 YTD 2018 YTD 1,121,057 1,148,422 435,982 435,396 328,987 329,357 1,886,026 1,913,175 METERED CURBSIDE HOURS (ON -STREET) Feb -18 324,182 69,706 52,154 446,042 Monthly Variance (7,127) 3,059 (4,075) (8,143) Varince % -2% 5% -7% -2% METERED GARAGE HOURS Feb -18 294 1,768 2,062 Monthly_ Variance 120 (333) (213) Varince % 69% -16% -9% February FY February FY 2017 YTD 2018 YTD 1,598,445 1,608,126 313,157 311,956 276,095 232,718 2,187,697 2,152,800 Feb_r_uary_FY_ 2017 YTD 714 9,897 10,611 YTD YTD Valance Variance % 27,365 2% (586) 0% 369 0% 27,149 1% YTD YTD Valance Variance % 9,681 1% (1,201) 0% (43,377) -16% (34,897) -2% February FY YTD 2018 YTD YTD Vaiance Variance % 959 245 34% 9,260 (636) -6% 10,219 (392) -4% TOTAL METERED PARKING HOURS 831,091 824,589 (6,502) -1% 4,084,334 4,076,194 (8,140) 0% TOTAL ATTENDED & METERED HOURS 1,964,112 F:\PING \ WAN \Charles\Feb-18 Monthly Parking Utilization Trend.xlsx 1,851,077 (113,035) -6% 9,516,305 9,190,815 (325,490) -3%