2018-30253 ResolutionRESOLUTION NO. 2018 -30253
A RESOLUTION OF THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH,
FLORIDA, ACCEPTING THE RECOMMENDATION OF
THE FINANCE AND CITYWIDE PROJECTS
COMMITTEE AND AUTHORIZING THE CITY MANAGER
PROCEED TO IMPLEMENT THE GARAGE RATE
INCREASES APPROVED UNDER ORDINANCE NO.
2015 -3966.
WHEREAS, on September 30, 2015, the City Commission approved Ordinance No.
2015 -3966, amending Chapter 106, "Traffic and Vehicles" Article 11, "Metered Parking," at
Section 106 -55, "Parking Rates, fees, and penalties; exceptions," to authorize changes to
several parking rate categories, including metered parking, parking space rentals, and visitor
permits; and
WHEREAS, the approved rate increases at municipal garages have not taken effect
because there was no mechanism in place by which to provide the Miami Beach resident
discounted hourly rate of $1.00 to residents; and
WHEREAS, the installation of new gated parking equipment (SkiData) has been
completed in nine (9) of ten (10) municipal garages, which includes payment acceptance via
Parkmobile (mobile app); and
WHEREAS, the Miami Beach resident discount may now be attained by residents at
municipal parking garages via Parkmobile; and
WHEREAS, on March 7, 2018, the Mayor and Commission approved a referral to the
Finance and Citywide Projects Committee (FCWPC) to discuss the deployment of the 2015
approved municipal parking garage rate increases and recommended in favor of implementing
the rate increases authorized under Ordinance No. 2015 -3966.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City
Commission hereby accept the recommendations of the Finance and Citywide Projects
Committee to proceed to implement garage rate increases approved under Ordinance No 2015-
3966.
PASSED and ADOPTED this 11th day of April, 2018.
Wee' E. Granad , City lerk
Indi�ORF' ORATEDfto
Dan Gelber, Mayor
APPROVED AS TO
FORM & LANGUA E
& FOR EXECUTI
City Attorney
y ' Date
8
MIAMI BEACH
Resolutions - C7 E
COMMISSION MEMORANDUM
TO: Honorable Mayor and Members of the City Commission
FROM: Jimmy L. Morales, City Manager
DATE: April 11, 2018
SUBJECT A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE
FINANCE AND CITYWIDE PROJECTS COMMITTEE AND AUTHORIZING THE
CITY MANAGER PROCEED TO IMPLEMENT THE GARAGE RATE INCREASES
APPROVED UNDER ORDINANCE NO. 2015 -3966.
RECOMMENDATION
Adopt the Resolution.
ANALYSIS
On March 7, 2018, the Mayor and Commission approved a referral to the Finance and Citywide
Projects Committee (FCWPC) to discuss the deployment of the 2015 approved municipal parking
garage rate increases to be effective as soon as possible,
On September 30, 2015, the City Commission approved Ordinance No. 2015 -3966 amending
several parking rates (see attached).
The rate increases listed below are already in effect,
Parking Meter Rates
• South Beach Parking Zone
on- street rates increase from $1.75 to $4.00 hourly
off - street rates increase from $1.75 to $2,00 hourly
• East Middle Beach Zone
Restructure rates and hours of enforcement for Collins Avenue /Indian
Creek between 23rd Street and 44th Streets to be consistent with rates
and hours in South Beach
on- street rates increase from $1.00 to $3.00 hourly
off- street rates increase from $1.00 to $2.00 hourly
It is important to note that the hourly parking meter rate increases did not
apply to Miami Beach residents. Miami Beach residents enjoy a reduced
hourly parking meter rate of $1.00 /hour citywide, through Parkmobile
(payment mobile application).
Metered Parking Space Rentals
• Valet ramp space rental from $17.00 to $31.50 per day
• Construction space rental from $10.00 to $25.00 per day
• Special Event space rental from $10.00 to $25.00 per day
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(no change for film/print space rentals)
Residential Parking Virtual Visitor Permits
Increased from $1.00 per day to $3.00 per day
However, the approved rate increases at municipal garages has not taken effect since we did not yet
have a mechanism to provide the Miami Beach resident discounted rate ($1.00 hourly).
We have now completed the transition of the gated parking equipment (SkiData) in nine (9) of ten
(10) garages which includes payment acceptance via Parkmobile (mobile app). Therefore, we can
now extend the resident discounted parking rate currently available at metered parking at
municipal garages as well.
The remaining facility to transition is the 5th & Alton Garage where parking rates are governed by the
developer pursuant to the development agreement and therefore not governed by city ordinance.
In summary, the approved increase to the garage rates would increase the first four (4) hours from $1
per hour to $2 per hour, which is the current rate at metered parking lots in the same geographic
zone.
On March 26, 2018, the FCWPC discussed this item and passed a motion to deploy the 2015
approved garage rate increase as soon as possible.
Further, the FCWPC directed staff to evaluate other potential parking rates increases as part of the
FY 2018/19 budget development process.
CONCLUSION
The Administration recommends that the Mayor and Commission accept the recommendation of the
FCWPC to deploy the 2015 approved garage rates increase, including maintaining current rates for
residents, to be effective as soon as possible.
FINANCIAL INFORMATION
The deployment of the 2015 approved garage rate increase is projected to generate $2.6M, annually.
Legislative Tracking
Parking
ATTACHMENTS:
Description
a Resolution
a 2015 Parking Rate Ordinance
487
ORDINANCE NO 2015 -3966
AN ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE CITY
OF MIAMI BEACH, FLORIDA, AMENDING THE CODE OF THE CITY OF
MIAMI BEACH, BY AMENDING CHAPTER 106, ENTITLED "TRAFFIC AND
VEHICLES," BY AMENDING ARTICLE II, ENTITLED "METERED
PARKING," BY AMENDING DIVISION 1, ENTITLED "GENERALLY," BY
AMENDING SECTION 106 -55, ENTITLED "PARKING RATES, FEES, AND
PENALTIES;" BY AMENDING PARKING METER RATES AND TIME
LIMITS; MUNICIPAL PARKING GARAGE AND PREFERRED PARKING
LOT RATES AND PENALTIES; REGULATIONS REGARDING A FACILITY
SPECIFIC MONTHLY PARKING PERMIT PROGRAM,
RESERVED /RESTRICTED COMMERCIAL ON- STREET PERMIT
PARKING, AND VALET STORAGE SPACES; AND AMENDING THE
REGULATIONS AND FEES FOR METERED PARKING SPACE RENTAL
AND PARKING SPACE REMOVAL; AMENDING THE REGULATIONS
REGARDING THE RESIDENTIAL PARKING PROGRAM; AMENDING THE
EXCEPTIONS TO SECTION 106 -55 TO PROVIDE FORA MOBILE PHONE
PAYMENT SERVICE AND ELIMINATING THE SMART CARD PROGRAM;
AND ESTABLISHING A RESIDENTIAL PARKING VISITOR PERMIT;
PROVIDING FOR CODIFICATION, REPEALER, SEVERABILITY, AND AN
EFFECTIVE DATE.
WHEREAS, parking meter rates are established by Ordinance by the Mayor and
City Commission and as an enterprise fund; and
WHEREAS, the City's Parking System needs to keep pace with escalating costs in
order to: (1) operate the system efficiently and maintain service levels, and (2) fund capital
projects including enhancements and expansion of the Parking System; and
WHEREAS, the Mayor and City Commission have identified traffic congestion
throughout the City as a priority issue and various initiatives are underway, including: (1) an
Intelligent Transportation System (ITS), a Parking Management System (PMS), and a Light
Rail and trolley /bus network; and (2) systems to modify parking behavior by managing
parking demand through parking fees and other financial incentives; and
WHEREAS, excess revenues that remain in the Parking Fund at the end of the
fiscal year can be utilized for any legal purpose, including transportation related initiatives;
and
WHEREAS, the proposed parking rate increases in the various categories contained
herein will: (1) fund transportation related initiatives and (2) modify parking behavior supply
and demand and related financial incentives; and
WHEREAS, the Mayor and City Commission wish to continue to allow Miami Beach
residents to receive a discounted hourly parking rate of $1,00 at metered parking spaces
489
and parking garage spaces, via the City's pay by mobile phone program.
NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AS FOLLOWS:
SECTION 1. That Chapter 106, "Traffic and Vehicles," Article II, "Metered Parking,"
Division 1, "Generally," Section 106 -55, "Parking Rate Fees, and Penalties," of the Code of
the City of Miami Beach, Florida, is hereby amended as follows and additional sections that
are not amended are provided for reference purposes:
CHAPTER 106
TRAFFIC AND VEHICLES
Article IL Metered Parking
Division I. Generally
Sec. 106 -55. Parking rates, fees, and penalties; exceptions.
(a) Parking meter rates and time limits.
(1)
South Beach Parking Zone: All metered parking south of 23rd Street
(Dade Boulevard), from Ocean Drive to the westernmost parking lane
of Alton Road, between South Pointe Park and 17th Street; and from
17th Street to 21st Street (Sunset Harbour Drive) from Alton Road to
the westernmost parking areas along Purdy Avenue and to Biscayne
Bay shall be at the rate of
and $1.75:$&30 $4.00 per hour for on- street and $2.00 per hour for
off - street effective October 1, 2011 October 10, 2015. All metered
parking in the South Beach Parking Zone shall be enforced from 9:00
a.m. until 3:00 a.m., seven days per week.
(2) East Middle Beach Zone: All metered parking from 23rd Street to 44th
Street; and from Collins Avenue to Indian Creek, shall be at the rate
of $3.00 per hour for on- street and $2.00 per hour off - street. All
metered parking in this area shall be enforced from 9:00 a.m. until
3:00 a.m., seven days per week, effective October 10, 2015.
„
! !
(3) West Middle Beach Zone: All metered parking north of 23rd Street
and south of 63rd Street; with the exception of the areas referenced in
Sec. 106 -55 (a)(2) entitled "East Middle Beach Zone "; shall be at the
rate of $1.00 per hour for off- street and on- street metered parking In
Brave. All metered parking north of 23rd Street shall be enforced from
8:00 a.m. until 6:00 p.m., seven days per week.
(4) North Beach Zone: All metered parking north of 63rd Street shall be at
the rate of $1.00 per hour for off-street and on- street metered parking.
All metered parking shall be enforced from 8:00 a.m. until 6:00 p.m.,
seven days per week.
(b) Municipal parking garage and Preferred Parking Lot rates and penalties.
(1) 7th Street Garage:
a. Transient rates: $2.00 per hour and any portion thereof up to 4
hours. $1.00 per hour or any portion thereof from the 4th hour
up to 15 hours, and a maximum daily rate of $20.00 for any
time exceeding 15 hours up to 24 hours (applicable sales tax is
included in the hourly and maximum rate).
b. Lost ticket charge: Parkers who cannot produce a parking
entry ticket will be charged the maximum daily rate of $20.00.
c. Monthly parking: $7-5,00 $100.00 per month, per permit, plus
applicable sales tax.
d. Weekend /event flat rate: $15.00 per vehicle Friday, Saturday
and Sunday from 8:00 p.m. to 5:00 a.m.
(2) 12th Street Garage:
a. Transient rates: $2.00 per hour and any portion thereof up to 4
hours; $1.00 per hour or any portion thereof from the 4th hour
up to 15 hours, and a maximum daily rate of $20.00 for any
time exceeding 15 hours up to 24 hours (applicable sales tax is
included in the hourly and maximum rate).
b. Lost ticket charge: Parkers who cannot produce a parking
entry ticket will be charged the maximum daily rate of $20.00.
c. Monthly parking: $7 -9:99 $100.00 per month, per permit, plus
applicable sales tax.
d. Weekend /event flat rate: $15.00 per vehicle Friday, Saturday
and Sunday from 8:00 p.m. to 5 :00 a.m.
(3) 13th Street Garage:
a. Transient rates: $2.00 per hour and any portion thereof up to 4
hoursL$1.00 per hour or any portion thereof from the 41h hour
up to 15 hours; and a maximum daily rate of $20.00 for any
time exceeding 15 hours up to 24 hours (applicable sales tax is
included in the hourly and maximum rate).
b. Lost ticket charge: Parkers who cannot produce a parking
entry ticket will be charged the maximum daily rate of $20.00.
c. Monthly parking: $70.00 $100.00 per month, per permit, plus
applicable sales tax.
d. Weekend /event flat rate: $15.00 per vehicle Friday, Saturday
and Sunday from 8:00 p.m. to 5:00 a.m.
(4) 16th Street Garage:
a. Transient Rate:
0 to 1 $2.00
1to2 4.00
2to3 6.00
3to6 10.00
6 to 24 20.00
(5)
b. Lost ticket charge: Parkers who cannot produce a parking
entry ticket will be charged the maximum daily rate of $20,00.
c. Monthly parking: $100.00 per month, per permit, plus
applicable sales tax.
d. Weekend /event flat rate: $15.00 per vehicle Friday, Saturday
and Sunday from 8 :00 p.m. to 5:00 a.m.
17th Street Garage:
a. Transient rates:
0 -1 hour $4410 $2.00
1 -2 hours 2.00 4.00
2 -3 hours 3.00 6.00
3-4 hours /1.00 8.00
4 -5 hours 5,00 9.00
5 -6 hours 6.00 10.00
6 -7 hours 8.00 11.00
7--8 hours 10.00 12.00
8 -15 hours 15.00
15 -24 hours 20.00
b. Lost ticket charge: Parkers who cannot produce a parking
entry ticket will be charged the maximum daily rate of $20.00.
c. Monthly parking: $70-00 $100.00 per month, per permit, plus
applicable sales tax.
d. Event flat rate: $15.00 per vehicle.
e. Employee Value Coupon - Lincoln Road (EVC -LR): $8.00 daily
(17m Street Garage only).
(6) City Hall Garage
a. Transient rates:
0 -1 hour
$2.00
1 -2 hours 4.00
2 -3 hours 6.00
3-4 hours 8.00
4 -5 hours 9.00
5 -6 hours 10.00
6 -7 hours 11.00
7 -8 hours 12.00
8 -15 hours 15.00
15 -24 hours 20.00
Lost ticket charge: Parkers who cannot produce a parking
entry ticket will be charged the maximum daily rate of $20.00.
c. Monthly parking: $100.00 per month, per permit, plus
applicable sales tax.
d. Event flat rate: $15.00 per vehicle.
(7) Pennsylvania Avenue Garage:
a. Transient rates:
0 -1 hour
1 -2 hours
2 -3 hours
3-4 hours
4 -5 hours
5 -6 hours
6 -7 hours
7 -8 hours
8 -15 hours
15 -24 hours
.(8)
$2.00
4.00
6.00
8.00
9,00
10.00
11.00
12.00
15.00
20.00
b. Lost ticket charge: Parkers who cannot produce a parking
entry ticket will be charged the maximum daily rate of $20.00.
c. Monthly parking: $100.00 per month, per permit, plus
applicable sales tax.
d. Event flat rate: $15.00 per vehicle.
Sunset Harbor Garage:
a. Transient rates:
0 -1 hour
1 -2 hours
2 -3 hours
3-4 hours
4 -5 hours
5 -6 hours
6 -7 hours
7 -8 hours
8 -15 hours
15 -24 hours
$2.00
4.00
6.00
8.00
9.00
10.00
11.00
12.00
15.00
20.00
(9)
b. Lost ticket charge: Parkers who cannot produce a parking,
entry ticket will be charged the maximum daily rate of $20.00.
c. Monthly parking: $100.00 per month, per permit, plus
applicable sales tax.
d. Event flat rate: $15.00 per vehicle.
42nd Street Garage:
a. Transient rates: $1.00 per hour or any portion thereof up to
eight hours; with an $8.00 maximum per 24 -hour period
(applicable sales tax is included in the hourly and maximum
rate).
b. Lost ticket charge: Parkers who cannot produce a parking
entry ticket will be charged the maximum daily rate of $8.00.
c. Monthly parking: $70.00 per month, per permit, plus applicable
sales tax.
0)(10) Preferred Parking Lot (18th Street and Meridian Avenue):
a. Fifteen dollars flat rate per vehicle.
b. For food and beverage social events at the Miami Beach
Convention Center (MBCC), $10.00 flat rate per vehicle. Food
and beverage social events at MBCC shall meet the following
criteria:
1. Be booked solely as a food and beverage function to
include, but not be limited to, at least one of the
following:
i. Breakfast;
ii. Lunch /brunch;
iii. Dinner; and /or
iv. Reception.
2. Excludes exhibits; separate meetings held outside of
the primary location; and cannot be associated with a
convention, trade show, public show, and /or corporate
meeting.
3. Produce (at the client's sole expense) an approved
parking coupon that is sent either by the food and
beverage concessionaire or the MBCC management
company, via mail, to all confirmed attendees prior to
the day of the event. A copy must be presented to the
city's parking department for approval within five
business days of a fully executed agreement for the
event.
4. MBCC in -house food and beverage concessionaire
must provide, in writing, to the city's parking
department, within five business days of an executed
agreement for the event, the following information:
i. Name of event;
ii. Date of event;
iii. Approximate attendance;
iv. MBCC food and beverage contract information;
and
v. Client's name and mobile telephone number.
5. The approved coupon can only be used the day of the
event. The coupon can only be used in the Preferred
Parking Lot. Only the original coupon (not a copy) will
be presented and accepted by the parking lot attendant.
If these rules are not followed, the guest will pay the full
parking rate.
6. Coupons must include the date of the event, the name
of the event, and be sequentially numbered.
(c) Facility specific monthly parking permit program.
(1)
Facility specific monthly parking is available on a first -come first -
served, space available basis.
a. Municipal parking lots: Facility specific monthly parking in
surface lots is available on a first -come first- served, space
available basis. The monthly permit rate is $70.00, plus
applicable sales tax, and is issued by the parking department's
permit liaison at the offices of the parking department. All
monthly parkers are required to renew their monthly parking in
advance, no later than the 5th of each month. If payment is not
received by the 5th of the month, then the permit is rendered
invalid. Monthly facility specific permit parking can be
purchased for up to 3 4-2 months at a time. At no time shall
such permit parking be sold for a period of greater than 3 4-2
months, unless by action of the mayor and city commission.
b. Municipal parking garages: Facility specific monthly parking in
municipal parking garages available on a first -come first -
served, space available basis. Permits are issued by the
parking department's permit liaison at the offices of the parking
department. There is a $10.00 deposit required for each
access card (permit) issued. Lost access cards will be replaced
at a fee of $25.00 per access card. All monthly parkers are
required to renew their monthly parking in advance, no later
than the 25th of each month. If payment is not received by the
25th of the month, then the access card (permit) is
electronically rendered invalid. Monthly facility specific permit
parking can be purchased for up to 3 1-2 months at a time. At
no time shall such permit parking be sold for a period of
greater than 3 4-2 months, unless by action of the mayor and
city commission.
c. On- street areas: Area specific on- street monthly parking is
available on a first -come first - served, space available basis.
Permits are issued by the parking department's permit liaison
at the offices of the parking department. The parking director
shall oversee and develop these special on- street monthly
permit areas as deemed necessary, where off - street parking
facilities are not available to accommodate monthly parkers. All
monthly parkers are required to renew and pay for their
monthly parking in advance, no later than the 25th of each
month. If payment is not received by the 25th of the month,
then the permit is rendered invalid. Monthly on- street area
specific permit parking can be purchased for up to 3 42 months
at a time. At no time shall such permit parking be sold for a
period of greater than 3 12 months, unless by action of the
mayor and city commission.
(d) Special realtor permits. Parking placard permits are available to realtors licensed
in the city, at a rate of $5,00 per permit placard, per month, plus applicable sales tax.
Placards may be purchased by realtors presenting a real estate license with a city address.
This special realtor permit allows Miami Beach realtors to park in restricted residential
zones throughout the city, during the days and hours of restriction for a maximum of two
hours per location. The placard permit is not valid at parking meters (on- street or off- street)
and is not valid at any attended municipal parking lot or municipal parking garage.
(e) Reserved /restricted commercial on- street permit parking. Reserved /restricted
commercial on- street permit parking is permitted for the production industry only. Requests
for said areas are handled by the parking director on a case by case, space available
basis. No reserved /restricted on- street permit area shall be created from a metered parking
space. Said reserved /restricted on- street permit parking shall be installed to accommodate
broadcast/satellite and production vehicles. The monthly fee for the reserved /restricted on-
street spaces are calculated as follows: $75.00 per linear 20 feet of reserved space, per
month; payable on a quarterly basis only. Reserved /restricted commercial on- street permit
parking permittees are required to renew their parking permit quarterly in advance, no later
than the 25th of the month preceding the next quarterly billing period. If payment is not
received, then the permit and restricted area is rendered invalid. Permit parking may be
purchased for up to 3 12 months at a time. At no time shall such permit parking be sold for
a period of greater than 3 42 months unless by action of the mayor and city commission.
Signage shall be paid by the permittee at the rate of $30.00 per sign installed.
Replacement signs shall be installed at the same rate.
(f) Valet storage spaces. The city may provide on an as- needed basis, the ability for
a valet service company to rent public parking spaces to accommodate valet parking
storage for special events. The parking director shall weigh the impact of each request on
the parking area and its users, and shall determine both the ability to lease spaces, and the
number of spaces that may be leased for the special event. The fee per space is $44.00
$4 $31.50 per day, payable in advance at least 48 hours or two (2) business days,
196
whichever is greater in advance. The daily rate includes applicable sales tax. No additional
public parking space rentals for valet storage shall be allowed unless by action of the
mayor and city commission.
(g) Metered parking space rentals.
(1)
Administrative fees: The parking department shall charge an
administrative service fee for all space rental requests. The fee
schedule is as follows:
a. $20.00 administrative fee assessed for any space rental of five
spaces or less.
b. $25.00 administrative fee assessed for any space rental of
from six to 10 spaces.
c. $30.00 administrative fee assessed for any space rental of 11
spaces or more.
(2) Valet ramp space rentals: The city may provide on an as- needed
basis, the ability for a valet service company to rent public parking
spaces for the purpose of creating a valet ramp for the expeditious
unloading and loading of passengers. The parking director shall
determine the number and location of said spaces, and will provide, if
possible, spaces adjacent to the business served by the valet service.
A copy the valet occupational license for the location to be served, a
notarized letter of authorization from the business owner and a
certificate of insurance covering the valet service location must be
presented to the parking department when submitting for the first
space rental request. Effective October 10, 2015, tThe fee per space
is $1-7-700$46:=7:5 $25.00 per day: effective April 10, 2016, the fee per
space is $31.50 per day, payable two weeks in advance for regular
users, and at least 48 hours or two (2) business days, whichever is
greater, in advance for special events. Rented spaces shall state, "No
Parking/Tow Away" and shall be strictly enforced,
Construction space rentals: Space rentals for construction purposes
shall only be restricted between the hours of 6:00 a.m. and 6 :00 p.m.,
Monday through Friday. Space rental shall end on Friday evenings at
6:00 p.m. to allow for additional parking opportunities for the public on
the weekends. Construction space rentals shall state, "No Parking
6am- 6pm/Tow Away." A copy of a valid, city issued building permit
must accompany each application for space rental. The fee per space
is- $5:09 $25.00 per day. Rentals associated with construction
projects with valid city issued building permits on or before September
30 2015 shall be ',5.00 •er da for the first five spaces and 10.00
per day for each additional space in excess of five spaces through
and includin• Aril 10 2016• effective Aril 11 2016 the fee .er
space rental shall be $25.00., for the first five spaces, and $10.00 per
(3)
497
9
per day for each additional space over five. If the construetieneds
r; the
shame - fen -he- weekend- spacos shall be-$40.00 per space permoo
matter-the-numb : - : - - - Only essential vehicles shall be
parked at rented spaces. No construction crew parking is allowed at
spaces rented for construction. Construction rented spaces are
payable two weeks in advance. If the rental is to be greater than a
two -week period; then payment shall be due one month in advance.
Construction rented spaces can be purchased for up to 3 12 months
at a time. At no time shall such permit parking be sold for a period of
greater than 3 12 months unless by action of the mayor and city
commission.
(4) Production and film space rental: The city may provide on an as-
needed basis, rented spaces to accommodate production and film
needs. A copy of a valid, city issued production /film permit must
accompany each application for space rental. The fee per space is
$10.00 per day, payable in advance at least 48 hours or two (2)
business days, whichever is greater.in advance. Only essential
vehicles shall be allowed to park at rented spaces, arrangements for
crew parking on a first -come, first - served basis can be arranged with
the parking department. Rented spaces for production and film use
shall state, "No Parking/Tow Away," and shall be strictly enforced.
Special events space rental: The city may provide on an as- needed
basis, parking space rental to accommodate special events. A copy of
a valid, city- issued special event permit must accompany each
application for space rental. The fee per space is $4 -0:08 $
$25.00 per day, payable in advance at least 48 hours or two (2)
business days, whichever is greater.in advance. The fee per space for
non - for - profit organizations is $10 per day, payable in advance at
least 48 hours or two 2 business da s whichever is neater.
Rentals associated with special events applications received on or
before September 30, 2015 shall be at $10 throu h and including
Aril 10 2016. effective Aril 11 2016 the fee •er space renta shall
be $25.00. Only essential vehicles shall be allowed to park at rented
spaces arrangements for event staff parking on a first -come, first -
served basis can be arranged with the parking department. Rented
spaces shall state, "No Parking/Tow Away ", and shall be strictly
enforced.
(5)
(h) Parking space removal.
(1)
Temporary parking meter removal: The city may provide for the
temporary removal of parking meters to accommodate construction
and other limited needs. The fee for the removal of any post shall be
$50.00 per space. The cost for reinstallation of the post shall be
$50.00 per space. Space removal and replacement shall be paid to
the parking department in advance at a rate of $100.00 per space.
Additionally, the applicable bagged space rental rate shall be
assessed on a per space, per day basis, payable in advance, until
such time as the parking post is reinstalled.
(2) Private requests for permanent parking space or loading zone
removal prohibited: Private requests for permanent parking space or
loading zone removal shall only be allowed for the purpose of creating
access to an off - street parking facility or other vehicular access to the
property. Private requests for the permanent removal of a parking
space or loading zone for any other reason shall be prohibited. When
permitted, the fee for the private permanent removal of a parking
space or loading zone shall be the same rate as the fee in lieu of
required parking, or $4035,000.00 per space, whichever is greater,
except that single family uses seeking to provide access to off - street
parking shall be exempt from paying this fee for the removal of one
space.
(i) Temporary residential guest parking placard permits /scratch tags. Temporary
residential guest permits, allowing for guest parking in the restricted residential zones and
metered zones is available to bonafide guests of a resident of the restricted residential
parking zones. Permits must be purchased by a restricted residential zone resident.
Temporary guest permits are only valid in the residential zone of the resident purchasing
the guest permit, and are not valid at any parking meter, municipal parking lot or garage.
Documentation established by the City of Miami Beach Parking Department will be
required as proof of residency.
(j) Hotel hang tag program. A daily 24 -hour small hotel hang tag program is made
available by the parking department through eligible hotels at a fee of $10.00 per hang tag,
per day. A small hotel is defined as a hotel consisting of Tess than 150 guest rooms, and
does not provide a hotel valet parking service for its guests. The hotel hang tag is day,
month and year specific. The hang tag is sold by the hotel to the guest for a fee of $10.00
per day. The hotel is responsible for proper issuance of the hang tag to include: hole
punching the appropriate day, month and year and charging no more than $10.00 to the
hotel guest for the hang tag. At no time may the hotel add any surcharge or additional
charge to the hotel hang tag fee. The hotel hang tag is valid from 12 :00 noon on the day of
issuance (the hole punched date) until 12:00 noon the following day. The parking director
shall establish the parking areas of the hotel hang tag program.
(k) Restricted and non - restricted residential parking program. There are seven
restricted residential parking zones. These zones are created to protect the quality of life of
the city's residents in areas where residential parking is severely impacted by competing
uses. The zones are as follows:
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Zone 1 South Pointe
Zone 2 Flamingo Park
Zone 3 Michigan /Lenox
Zone 4 Museum District
Zone 5 Art Deco District
Zone 6 Indian Creek/Collins Avenue
Zone 8 Bonita Drive.
(I) Exceptions.
(1) Flat parking rate. A flat parking rate for nonresidents and for residents
of the city (photo identification required) may be established during
the city's annual budget process, as recommended by the city
manager and approved by the city commission, at certain attended
municipal garages and surface lots which have been identified by the
city manager to be in the best interest of the community's health,
safety, and welfare.
(2) Parking incentive program. The city manager is authorized to
designate "resident parking days" (evenings 6:00 p.m. to 12:00
midnight) for city residents (proof of residency required) at all
attended garages and lots and residential decal holders at on- street
meters and /or off- street metered facilities and identify an incentive to
be combined with specific initiatives sponsored and /or promoted by
the city to stimulate local businesses during off - peak periods.
department
rising /replenishing stations. The parking
authorized to place smart card
p►iching
ules and regulations.
the sales /replenishing program are not entitled to any
proceeds or discounts.
be authorize anag
fking
(3) Mobile phone payment service.
olectronic parking system that •• .
500
12
the users. The "in car meter" is a light weigh
credit card sized p - : -- - - - .. e {= he
in- areas- with -o
y machines.
- - - Parking
Zone -f - - . - - . ake effect until the
implementation of this-p-regram, This service affords Miami Beach
residents, with proof of residency, a discounted hourly rate of $1.00 at
on- street meters and off- street meters.
(m) Reseed Residential Parkin • Visitor Permit. The fee for each Dail Restricted
Residential Parking Visitor Permit is $3.00 and shall be valid for a 24 hour period.
(n) Smartway vehicles incentive. The Smartway program will use the state ILEV list;
EPA (Environmental Protection Agency) "Smartway" designation; and allow all street legal
electric vehicles to qualify for participation in the program. Incentives to be offered to
qualified and registered vehicle owners include:
(1) Monthly parking permit holders for all facilities will be afforded a 50-
percent discount on the monthly rate.
(2) Residential permit holder in all designated zones shall receive a 50-
percent savings on either their annual or semi - annual residential
permit.
(3)
Five hundred city -wide parking decals, honored at metered spaces
only, shall be available only to state- registered Smartway vehicles;
vehicles receiving an EPA (Environmental Protection Agency)
"Smartway" designation; and all street legal electric vehicles on a first -
come, first - served basis. The cost of the Smartway city -wide decal is
$100.00 per year.
(4) Two percent of the parking spaces at the 42nd Street Municipal
Parking garage may be designated as "Smartway Vehicle Parking
Only" for use by recognized Smartway vehicles. One percent of the
parking spaces at the 7th Street garage and 13th Street garage may
be designated as "Smartway Vehicle Parking Only" for use by
recognized Smartway vehicles. Notwithstanding the preceding
sentence, the city manager or his designee, who shall be the city's
parking director, reserves the right, in his reasonable business
judgment and discretion, to temporarily suspend the aforestated
"Smartway Vehicle Parking Only" during special events in order to
ensure maximum utilization of all parking spaces.
(o) Resident scooter and motorcycle permits. Annual scooter and motorcycle
parking permits are available for a fee of $100.00 per scooter or motorcycle for Miami
Beach residents who are registered with the State of Florida as the scooter or motorcycle
owner. The permit will be honored at all designated scooter and motorcycle municipal
metered parking spaces.
(p) Freight loading zone (FLZ) permit. An FLZ permit will allow the use of freight
loading zones by permitted commercial motor vehicles. Qualifying commercial motor
vehicles must register and purchase an annual permit. The permit fee for each vehicle is
$364.00 annually or $182.00 semi - annually. A permittee that operates a fleet of over ten
vehicles may purchase up to five vehicle permits for $1,500.00 annually or $750.00 semi-
annually. One of every five non - transferable permits shall authorize the permittee to
purchase a transferable permit. Permits are transferable to other qualifying commercial
motor vehicles, as described in herein, and shall expire annually. The permit must be in
good standing and the commercial motor vehicle must be actively engaged in loading
activities when stopping, standing, or parked in a freight loading zone. Freight loading
locations, regulations, including maximum time limits, and permitted days /hours shall be
determined by the city manager or his designee.
(q) Alley loading (AL) permit. An AL permit will allow for the use of alleys by
permitted vehicles. Qualifying vehicles must register and purchase an annual permit. The
permit fee for each vehicle is $182.00, annually or $91.00 semi - annually. A permittee that
operates a fleet of over ten vehicles may purchase up to five vehicle permits for $750.00,
annually or $375.00, semi - annually. One of every five non - transferable permits shall
authorize the permittee to purchase a transferable permit. Permits are transferable to other
qualifying vehicles, as described herein, and shall expire on annually. The permit must be
in good standing, prominently displayed, and the vehicle must be actively engaged in
loading activities when stopping, standing, or parked in an alley. Alley regulations, including
maximum time limits and permitted days /hours shall be determined by the city manager or
his designee.
SECTION 2. CODIFICATION.
It is the intention of the Mayor and City Commission of the City of Miami Beach, and
it is hereby ordained that the provisions of this ordinance shall become and be made part
of the Code of the City of Miami Beach, Florida. The sections of this ordinance may be
renumbered or relettered to accomplish such intention, and the word "ordinance" may be
changed to "section ", "article ", or other appropriate word.
SECTION 3. REPEALER.
All ordinances or parts of ordinances in conflict herewith be and the same are
hereby repealed.
502
14
SECTION 4. SEVERABILITY.
If any section, subsection, clause or provision of this Ordinance is held invalid, the
remainder shall not be affected by such invalidity.
SECTION 5. EFFECTIVE DATE.
This Ordinance shall take effect ten (10) days following adoption.
PASSED AND ADOPTED this 30 day of Sepl'em ber— , 2015.
ATTEST:
Rafael E. Granado, City Clerk
i INCORPORATED;
a� .• 1
•
0H 26 '\
Underline denotes new language
Str-i-ke4h -roughdenotes deletions
Double underline denotes new language after First Reading
denotes deletions after First Reading
(Sponsored by Commissioner Deede Weithorn)
T:\AGE N DA\2015 \September\ PARKING\ ParkingRatelncreasesSecondReadIngSept302015 .ord. doc
503
15
APPROVED AS TO
FORM & LANGUAGE
(„..Th & FOR XECUTION
City Attorney Date
COMMISSION ITEM SUMMARY
Condensed Title:
An Ordinance amending the Code of the City of Miami Beach, by amending Chapter 106, entitled
"Traffic and Vehicles," by amending Article II, entitled "Metered Parking," by amending Division 1,
entitled "Generally," by amending Section 106 -55, entitled "Parking Rates, Fees, and Penalties;" by
amending Parking Meter Rates and Time Limits; Municipal Parking Garage and Preferred Parking Lot
Rates and Penalties; Regulations Regarding a Facility Specific Monthly Parking Permit Program,
Reserved /Restricted Commercial On- Street Permit Parking, and Valet Storage Spaces; and amending
the regulations and fees for Metered Parking Space Rental and Parking Space Removal; amending the
Regulations Regarding the Residential Parking Program; amending the Exceptions to Section 106 -55 to
provide for a Mobile Phone Payment Service and eliminating the Smart Card Program; and establishing
a Residential Parking Visitor Permit; providing for codification, repealer, severability, and an effective
date. [Sponsored by: Commissioner Weithorn)
Key Intended Outcome Supported:
Commission a Comprehensive Mobility Plan Which Gives Priority Recommendations (From Non -
Vehicular to Vehicular and Including Parking).
Supporting Data (Surveys, Environmental Scan, etc.): 74% of residents and 72% of businesses rate
the availability of parking across the City as too little or much too little. Availability of parking was one of
the changes residents identified to Make Miami Beach better to live, work or play.
Item Summary /Recommendation:
The Mayor and Commission have identified traffic congestion throughout the City as a priority issue. At
their direction, the Administration is pursuing a multi- pronged approach to address traffic congestion. It is
important to note that discounted hourly parking meter rates shall continue for Miami Beach residents.
On September 10, 2015, the Mayor and Commission held the first reading of this proposed ordinance
and directed the Administration to include the following amendments:
-Valet parking space rentals shall increase from $17 to $25 daily, per space, immediately, with an
increase to $31.50 in six (6) months. The fee shall be revisited in the next budget cycle.
- Construction and special events permits space rentals shall increase from $10 to $25 daily, per space;
however, the current rate shall be locked in if they are permitted for the next six months.
-Any special events application submitted prior to September 30, 2015, will be locked in at $10 daily, per
space, for the next six (6) months; otherwise, it will increase to $25 daily, per space, excluding non - profit
entities.
-The rate for on- street metered parking in South Beach (South of 23rd Street) to increase from the
proposed $3 to $4 per hour.
The Administration recommends the City Commission take the following actions: 1) by separate
motion, accept the recommendation of the Finance and Citywide Projects Committee (FCWPC) on
July 1, 2015; and 2) approve the attached Ordinance at Second Reading Final Public Hearing,
Advisory Board Recommendation:
On July 1, 2015, the Finance and Citywide Projects Committee (FCWPC) endorsed the proposed parking
rate amendments to the City Code, resulting in the proposed parking rate increases in the attached
Ordinance.
Financial Information:
Source of
Funds:
()BPI
Arn;aunt.
Account
Total
Financial Impact Summary: Cumulatively, the aforementioned parking rate increases are estimated to
have the potential to yield an additional $22.6 million, annually, representing $112.9 million over five (5)
years assuming no increase in utilization. As described, these increased revenues would be utilized to
fund the more immediate transportation initiatives and the bonding capacity for the Parking Enterprise
Fund is estimated at $140 million to fund parking garage expansion projects, It is important to note that
additional rate increases may be needed in the future to fund other projects, including the proposed light
rail /modern street car project,
City Clerk's Office Legislative Tracking:
Saul Frances, extension 6483
Sign -Offs:
ti
• . rtmeht Director
:..
. ' . ';Assn Ri_�'�
�M
KGB /JM _
T:t AGENDA120151SeptemberwARKINc iwarking Kate lnc eSecondReadingSept102015 .sum.docx
m MIAMIBEACH
504 AGENDA ITEM R V
DATE �(��
1915 • 2015
MIAMIBEACH
City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov
COMMISSI!1N MEMORANDUM
TO: Mayor Philip Levine and Members o the City Co mission
FROM: Jimmy L. Morales, City Manager
DATE: September 30, 2015 SE
ND EADING FINAL PUBLIC HEARING
SUBJECT: AN ORDINANCE OF THE MAYOR -'ND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, AMEND NG THE CODE OF THE CITY OF MIAMI
BEACH, BY AMENDING CHAPTER 106, ENTITLED "TRAFFIC AND
VEHICLES," BY AMENDING ARTICLE II, ENTITLED "METERED PARKING,"
BY AMENDING DIVISION 1, ENTITLED "GENERALLY," BY AMENDING
SECTION 106 -55, ENTITLED "PARKING RATES, FEES, AND PENALTIES;" BY
AMENDING PARKING METER RATES AND TIME LIMITS; MUNICIPAL
PARKING GARAGE AND PREFERRED PARKING LOT RATES AND
PENALTIES; REGULATIONS REGARDING A FACILITY SPECIFIC MONTHLY
PARKING PERMIT PROGRAM, RESERVED /RESTRICTED COMMERCIAL ON-
STREET PERMIT PARKING, AND VALET STORAGE SPACES; AND
AMENDING THE REGULATIONS AND FEES FOR METERED PARKING SPACE
RENTAL AND PARKING SPACE REMOVAL; AMENDING THE REGULATIONS
REGARDING THE RESIDENTIAL PARKING PROGRAM; AMENDING THE
EXCEPTIONS TO SECTION 106 -55 TO PROVIDE FOR A MOBILE PHONE
PAYMENT SERVICE AND ELIMINATING THE SMART CARD PROGRAM; AND
ESTABLISHING A RESIDENTIAL PARKING VISITOR PERMIT; PROVIDING
FOR CODIFICATION, REPEALER, SEVERABILITY, AND AN EFFECTIVE
DATE.
ADMINISTRATION RECOMMENDATION
The Administration recommends the City Commission take the following actions; 1) accept
the recommendation of the Finance and Citywide Projects Committee (FCWPC) on July 1,
2015; accept the proposed amendments at First Reading held on September 10, 2015; and
3) approve the attached Ordinance at Second Reading Final Public Hearing.
First Reading — September 10, 2015
On September 10, 2015, the Mayor and Commission held the first reading of this proposed
ordinance and directed the Administration to include the following amendments:
Valet Parking Space Rentals:
Valet parking space rentals shall increase from $17 to $25 daily, per space, immediately,
with an increase to $31.50 in six (6) months. The fee shall be revisited in the next budget
cycle.
505
September 30, 2015 City Commission Memorandum
Parking Rate Amendments to the City Code - Second Reading Final Public Hearing
Page 2 of 17
Construction and Permitted Events Space Rentals:
Construction and special events permits space rentals shall increase from $10 to $25 daily,
per space; however, the current rate shall be locked in if they are permitted for the next six
months.
Special Events:
Any special events application submitted prior to September 30, 2015, will be locked in at
$10 daily, per space, for the next six (6) months; otherwise, it will increase to $25 daily, per
space, excluding non- profit entities.
South Beach On- Street Parking:
The rate for on- street metered parking in South Beach (South of 23rd Street) to increase from
the proposed $3 to $4 per hour. Parking between 23rd Street to 44th Street should remain at
$3 per hour.
The following is a revised summary of projected revenues reflecting the amendments
approved at First Reading,
Current
Annual
Proposed Revenue (Inc)
Parking Meter Hourly Rates:
South Beach On- Street Meters $1.75
South Beach Off - Street Meters $1.75
Collins Ave /Indian Creek
23rd - 44th Streets - On- Street
Meters
Collins Ave /Indian Creek
23rd - 44th Streets - Off - Street
Meters
$1.00
$1.00
$4.00* $12,799,000.00
$2.00 $678,000.00
Sub - total:
$3.00 $1,628,000,00
$2.00 $236,000.00
$15,341,000.00
Parking Meter Hours of Operation:
Collins Ave /Indian Creek
23rd - 44th Streets - On /Off-
Street Meters
8a -6p
9a -3a $2,331,000.00
Sub - total:
$2,331,000,00
Municipal Parking Garages:
Each of first four hours:
Monthly Rate:
$1.00
$70.00
Sub - total:
$2.00 $3,281,000.00
$100.00 $597,000.00
$3,878,000.00
506
September 30, 2015 City Commission Memorandum
Parking Rate Amendments to the City Code — Second Reading Final Public Hearing
Page 3 of 17
Parking Spaces Daily Rentals:
Valet Parking *:
Construction'":
Special Event *:
$17.00
$10.00
$10.00
Initial 6 Months - $25.00
After 6 Months - $31.50
$25.00
Existing Building Permit
Holders will maintain
current rate for 6
months
$25.00
Existing Special Events
Applications will
maintain current rate for
6 months.
(Non -for- Profit
organizations will
maintain current rate),
$540,000.00
$157,000.00
$39,000.00
Sub- total:
$736,000.00
Residential Daily Visitor
Parking:
$1.00
$3.00
$295,000.00
Sub - total:
$295,000.00
GRAND TOTAL
$22,581,000.00
* Amendments approved on 9/10/2015 at First Hearing.
COMMISSION COMMITTEE RECOMMENDATIONS
On July 1, 2015, the Finance and Citywide Projects Committee (FCWPC) endorsed the
proposed parking rate amendments to the City Code, resulting in the proposed parking rate
increases below.
ANALYSIS
The Mayor and Commission have identified traffic congestion throughout the City as a
priority issue. At their direction, the Administration is pursuing a multi- pronged approach to
address traffic congestion. The following is a listing of projects underway, each at varying
levels of progress and estimated funding needs for each. Parking rate increases are
proposed in various categories to: (1) fund the initiatives identified below and (2) modify
driver behavior to better manage parking demand through financial incentives. Please note
future parking rate increases may be needed to fund other medium to long range initiatives,
such as light rail.
507
September 30, 2015 City Commission Memorandum
Parking Rate Amendments to the City Code — Second Reading Final Public Hearing
Page 4 of 17
TRANSPORTATION INITIATIVES:
Intelligent Transportation System (ITS) and Parking Management System
The Administration is currently pursuing a real -time traffic management system to monitor
traffic flow and throughput as well as monitor parking availability and demand on a real -time
basis.
The City of Miami Beach is one of the economic engines in the State. The thriving service
industry and the Miami Beach Convention Center contributed to a reported 6,142,600
overnight visitors in 2013. In addition, recent figures indicate that although resident
population in Miami Beach is 90,588, average daily population comprised of commuters and
visitors is 205,915. A highly urbanized barrier island with only four connections to the main
land, the City's causeways and arterials frequently operate at failing levels of service. Given
the limited capacity of the roadway network, the City Commission has approved the
implementation of an ITS and Parking Management System as an additional effort to help
manage traffic congestion, parking availability, and improve traffic flow along major arteries.
The ITS and Parking Management System Project will consist of the following components:
• 18 C.C,T.V. cameras for video monitoring of traffic conditions and incidents.
• 32 Travel Time Data Collectors to allow engineers to review traffic conditions and
implement changes prior to reaching saturated conditions.
• 15 small scale Interactive Digital Message Signs to advise drivers of traffic and
parking conditions within Arterial Roadways.
• 2 large scale Interactive Digital Message Signs on 2 Causeways to advise drivers of
traffic and parking conditions.
• Implement parking detection systems at 8 garages, 35 surface parking lots, and 2
corridors to record real -time parking conditions.
• 60 Electronic Signs to relay real -time parking availability information
• Upgrading Parking Department's Mobile Application to reflect real -time parking
availability information.
• A Transportation Management Center located within City Limits to integrate the
operations of the ITS and Parking Management system and serve as the data and
information clearinghouse.
• Adaptive Traffic Signal Control (optional component of the project) would be for 93
intersections along the following major corridors:
o Alton Road: 5th Street to 43rd Street
o 5th Street: Alton Road to Collins Avenue
O 41st Street: Alton Road to Collins Avenue
o MacArthur Causeway: Star Island to Alton Road
o Collins Avenue: 23rd Street to 44th Street
o Indian Creek Drive: 23rd Street to 41st Street
o Washington Avenue: 5th Street to Dade Boulevard
o 63rd Street: Collins Avenue and Indian Creek
o 69th Street: Collins Avenue to Abbott Avenue
o Indian Creek Drive: 63rd Street to 71st Street
o Abbott Avenue /Harding Avenue: City Limits to Indian Creek Drive
o Collins Avenue: 63rd Street to City Limits
O 71st Street : Indian Creek Drive to Collins Avenue
508
North Beach Loos;
South Beach, Loo •
Middle .Beach Loos
•
Collins Link
South :Beach Local
September 30, 2015 City Commission Memorandum
Parking Rate Amendments to the City Code — Second Reading Final Public Hearing
Page 5 of 17
Status
The City of Miami Beach is working closely with the Florida Department of Transportation
(FDOT) District VI staff and Miami -Dade County staff on this project. Both agencies have
participated in coordination meetings and provided valuable input on project planning,
design, phasing, and operational aspects of the project. The City will continue to work with
FDOT and County staff during each phase to ensure close coordination of the City's ITS
project with the State's and County's signal infrastructure system.
The ITS and Parking Management System project has a duration of 24 months and is
anticipated for completion by the end of 2017. The total cost of the project is estimated at
$14,556,590. The City is providing a local match of $4,556,590 which has been budgeted in
the current fiscal year. The City's annual operating and maintenance costs for the ITS and
Parking Management System have been estimated at approximately $2 million.
The City has recently applied for a $10 Million grant under the U.S. Department of
Transportation (USDOT) Transportation Improvements Generating Economic Recovery
(TIGER) VII federal discretionary grant program. We anticipate receiving notification from
USDOT as to whether or not the ITS and Parking Management System project is awarded
federal funding in the fall of this year.
Currently, the Administration is in the process of selecting a Program Manager who will
serve as owner's representative and be responsible for developing the specifications for a
Design, Build, Operate, and Maintain (DBOM) contract for the ITS and Parking Management
System project.
Transit/Trolley System
The Administration is currently identifying additional funding and resources needed to
develop and implement a citywide interconnected trolley system as part of the Fiscal Year
(FY) 2015/16 budget process. The proposed citywide system would consist of trolley routes
in North, Middle, and South Beach, including the existing North Beach Loop, the proposed
Middle Beach Loop, a Collins Link, and a South Beach Loop that would complement the
current South Beach Local service. The total funding for this comprehensive trolley system,
including the cost of the existing South Beach Local service funded by the City (one -third of
the total annual cost of operation and maintenance), is estimated at $11.05 million annually
(see table below). Funding is proposed to be augmented by approximately $2.33 million of
People's Transportation Plan (PTP) funds from Miami -Dade County currently allocated to
capital projects and an increase of the contribution from surplus parking funds from $1.3
million to approximately $3.0 million. The table below lists the estimated annual operating
expenditures for each of the trolley loops.
Estimated Annual Operating Expenditures
Other (Tracking Equipment, lnktel' CaII Center
Services, Special Event Service, Miscellaneous
Total
509
$1,80'0,000
$2,400,000
$3,100;000
$2,000,000
$1,'300,000
$419,000
$113(019/000
September 30, 2015 City Commission Memorandum
Parking Rate Amendments to the City Code — Second Reading Final Public Hearing
Page 6 of 17
Proposed Sources
<'•
of Life Transportatiori Fund
, eop_ist's Trrspomrt_tairort Pini pn:2LF.4u5' d A
- — .,. n
----...
Tt)tal *
„
,900,000
$13,000,000
The citywide interconnected trolley system has been included as part of the FY 2015/16
proposed budget with current funding, given the lead time necessary for the manufacturing
and delivery of new low-floor trolley vehicles.
Light Rail/Modern Streetcar
The City has been working in partnership with the Miami-Dade Metropolitan Planning
Organization (MPO), the Florida Department of Transportation (FDOT), Miami-Dade Transit
(MDT), and the City of Miami as part of the ongoing Beach Corridor Transit Connection
Study (formerly known as the Baylink Corridor Study). The study commenced in October
2013 and focuses on re-evaluating the Locally Preferred Alternative resulting from the 2004
Baylink Corridor Study which proposed a light rail transit/modern streetcar connection
between Miami Beach and Downtown Miami via the MacArthur Causeway. A Technical
Advisory Committee (TAC) comprised of staff from various municipal and transportation
agencies and a Policy Executive Committee (PEC) comprised of elected officials from
Miami-Dade County, City of Miami, and City of Miami Beach have been established to assist
the study team in making key milestone decisions through the study process. Both the TAC
and the PEC have endorsed the project moving forward and delivered through a Public-
Private Partnership (P3).
In order to connect Miami Beach and Downtown Miami via light rail transit, the current Beach
Corridor Transit Connection study reaffirmed the MacArthur Causeway as the preferred
corridor to link the two cities. Due to the inherent environmental and engineering challenges
associated with implementing the portion of the route alignment along the MacArthur
Causeway, the study consultant expects that the level of environmental documentation and
coordination with the federal government that will be necessary as part of the National
Environmental Policy Act (NEPA) process will be substantial, lengthy, and require an
Environmental Impact Statement (EIS) to be conducted, The NEPA phase alone is
projected to cost approximately $10 million with each local participating agency contributing
a portion of the cost. The City of Miami Beach share is estimated at $417,000.
Based on the project schedule presented to the TAC and PEC by the consultant team, it is
anticipated that the NEPA documents, design, and construction phases are estimated to
take 6 to 9 years. It is our understanding that this NEPA process is a pre-requisite to be
eligible for up to 50% federal funds for capital and up to 25% state funds for capital (1,e.,
50% federal/ 25% state/ 25% local contribution). However, due to the very competitive
nature of the federal discretionary grant process for funding these types of projects, the local
(City's) match would need to be higher than 25% of the capital costs,
At this time, the preferred route alignment to connect Miami Beach and Downtown Miami
has been identified as the Direct Connect alternative and consists of bi-directional service
along the MacArthur Causeway, 5th Street, and Washington Avenue. A future phase
proposes service along Collins Avenue, 41st Street, and the Julia Tuttle Causeway to
connect to Midtown Miami. The South Beach portion of the Direct Connect route alignment
represents approximately $149M (28% of the total $532 million capital cost of the total Miami
510
September 30, 2015 City Commission Memorandum
Parking Rate Amendments to the City Code — Second Reading Final Public Hearing
Page 7 of 17
to Miami Beach project), excluding the cost of a maintenance yard. If this ratio is used as an
estimate of operating costs, the portion of operating costs for the Direct Connect alignment
on South Beach would be approximately $7 million annually (28% of $22 million annual
operating costs payments which would be required for the entire project under a P3
scenario).
Thus, assuming the City wishes to proceed on an accelerated basis without federal funds,
the Administration estimates that the total annual availability payments for the portion of the
Direct Connect alignment in South Beach would be approximately $12 million - $17 million
per year, depending on the level of availability of state funds (including capital and operating
cost). The cost of a rail yard on Miami Beach could increase these payments to between $17
million and $25 million, contingent upon the level of capital subsidy from the State.
-A!
rt Term Ex ss Bus Sorvie EBS
.7f
--44:rglitext
In an effort to expedite cross-bay mass transit connectivity, the Administration is studying the
feasibility of implementing express bus service connecting Miami Beach and Downtown
Miami on a 1 2 year timeframe, Several alternatives are currently being considered. One
of the route alignment alternatives includes bi-directional EBS across the MacArthur
Causeway, 5th Street, and Washington Avenue (similar to the light rail/modern streetcar
alignment described above). The use of the shoulders along the Causeway as well as
dedicated lanes along 5th Street and Washington Avenue corridors is being evaluated in
order to ensure reliable and efficient express bus service. The capital cost of the short-term
express bus service is estimated between $12 million and $20 million, depending on the
number of articulated buses required which is predicated on the route alignment selected
and frequency of service (ranging from 5-minute headways to 10-minute headways). It is
anticipated that the proposed express bus service would cost approximately S5.3 million
annually to operate based on a fleet of 19 articulated buses operating at a frequency of 5 -
7.5 minute headways during peak periods for 19 hours per day/7 days per week, City staff is
currently having discussions with both FDOT and MDT staff in terms of cost-sharing
opportunities for the capital and operating expenditures associated with providing this
express bus service. Additionally, it is Important to note that only a portion of the proposed
511
September 30, 2015 City Commission Memorandum
Parking Rate Amendments to the City Code — Second Reading Final Public Hearing
Page 8 of 17
Express Bus Service (i,e., the route alignment along the MacArthur Causeway to Downtown
Miami) would be implemented if a light rail transit/modem streetcar system is implemented in
South Beach. Under this service scenario, annual operating costs for the EBS would be
approximately $3.5 million,
PARKING INITIATIVES:
ei ht o n Zone ZoneProsram F Z
FLZs are regulated parking zones strategically located for large vehicles (10,000 lbs.+) to
conduct deliveries. Coupled with strict enforcement of obstruction of travel lanes by Police
and enforcement of loading areas by the Parking Department, these zones have greatly
reduced congestion.
Parkin. Mena ent S stem P
A component of the aforementioned ITS initiative, PMS will provide real time parking space
monitoring and parking availability. Real time parking availability is then communicated to
motorists via electronic message signs at strategic locations throughout the city.
Valet Parkin Amendments to the Cit Csde
Currently, valet parking operations on the City's right-of-way contribute to traffic congestion
and other abuses of city property and resident quality of life. Amendments to the City Code
to strengthen regulation and enforcement provisions were approved by the Mayor and City
Commission on September 2, 2015,
Develo of existin unici I metered 'ark in' Iots o ulti.1 I 'arkin
tructures
The following sites have been identified for potential development either through joint
venture partnerships or as standalone City projects:
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September 30, 2015 City Commission Memorandum
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Page 9 of 17
Washington Avenue Master Plan
As an outcome of both the Washington Avenue Master Plan and the Transportation
Workshop held on March 18, 2015, staff was charged with finding alternatives to replace on-
street parking with off-street parking. As a result, three potential sites have been identified
that could replace some or all of the on-street parking between 5th and 17th Streets,
Municipal Parking Lot No. P16 (1262 Collins Ave)
P16 is located at southwest corner of the intersection of 13th Street and Collins Avenue,
opposite of Municipal Parking Garage No. 3 (G3). This lot was recently renovated and was
completed on May 13, 2015. A parking garage similar in size to Municipal Parking Garage
No. 3 (G3), located at the northeast corner of the intersection of 13th Street and Collins
Avenue, could be constructed. Furthermore, based on current construction costs it is
estimated that the construction of an eight-story parking garage with approximately 405
spaces will cost approximately $12.7M, which represents approximately $31K per space.
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Municipal Parking Lot No. P13 (1020 Washington Ave)
P13 is located in the northwest corner of the intersection of 10th Street and Washington
Avenue. The parking lot abuts an alleyway(Drexel Court) to the west and holds a total of 37
parking spaces, including two disabled parking spaces. Renovations to this lot were
completed in 2013, A five-story parking garage could be constructed in this location. It is
estimated that the parking garage could hold up to 140 parking spaces. Estimated
construction costs for this parking garage is $5.2M, or approximately $37K per space.
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September 30, 2015 City Commission Memorandum
Parking Rate Amendments to the City Code — Second Reacting Final Public Hearing
Page 10 of 17
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Municipal Parking Garage No. 2 (G2) (1100 Washington Ave)
This is a multi-level parking garage that serves the police headquarters and its visitors. The
parking structure is divided into two areas, the police headquarters' parking and the visitors'
parking. These two parking sections are not connected. Based on design and construction
parameters, it is possible that one or two additional parking levels could be incorporated to
the visitors' parking area that could replicate the uppermost level of this section of the
parking garage. The additional levels could potentially represent an increase of 100 parking
spaces at an estimated $1.5M or $15K per space.
The chart below illustrates a potential net increase of 558 off-street parking spaces along the
Washington Avenue corridor and estimated costs. The 779 proposed spaces exceed the
existing 577 on and off-street parking spaces in the area. Additionally, other sites in the
area have been identified as potential public-private partnership opportunities that may
further increase off-street parking inventory.
September 30, 2015 City Commission Memorandum
Parking Rate Amendments to the City Code — Second Reading Final Public Hearing
Page 11 of 17
Washington Avenue
Municipal Parking Facilities
Existing
Spaces
Proposed
Spaces*
Net
Increase
Cost
p /Space*
Total*
Garage No 2
134
234
100
$14,720
• $1,472,000
P16 Collins /13th Street
50
405
355
$31,335
$12,690,675
P13 Washington /10th Street
37
140
103
$37,321
$5,224,940
Total
221
779
558
$19,387,615
* Estimated.
The City has approximately $10M in Fee of Lieu of Parking funds for the South Beach area;
however, if all three (3) projects were funded an additional $10M would be needed. Further,
the City Commission endorsed the Washington Avenue Master Plan recommendation to
issue an RFLI (Request for Letters of Interest) for parking garage(s) along Washington
Avenue, and the City has been approached by at least one (1) interested property owner.
Middle Beach Needs
Several areas throughout mid -beach have been determined to be operating at high
utilization rates, indicating additional parking needs, and some areas we have already
referred for discussion at NCAC (Neighborhoods and Community Affairs Committee)
• Municipal Parking Lot No. P55, located on Collins Avenue and 27th Street;
• Municipal Parking Lot No. P71, located on Collins Avenue and 46th Street; and
* Municipal Parking Lot No,. P63, located on 42nd Street and Royal Palm Avenue
North Beach Blue Ribbon Panel
Several areas in North Beach have been identified to be operating at high utilization rates,
indicating additional parking needs. It has been a longstanding goal to develop a parking
garage in North Beach. Several sites have been identified, including standalone city
proJects and potential joint venture developments. Additionally, residents have expressed a
need for additional parking in their neighborhoods. While there are no commercial or
recreational uses displacing parking in these neighborhoods, the sheer volume of vehicles
per household is increasing demand.
FUNDING NEED SUMMARY
The following is a summary of funding needs for all projects identified above, including ITS
operational cost, availability amounts for light rail /modern streetcar, garage construction and
operational cost for South, Middle, and North Beach.
Project
Capital
$14.5M (Includes current
local match of $4.5M)
Operating
$2M
Intelligent Transportation System (ITS) &
Parking Management (PMS)
Transit/Trolley System
$11.8M
Light Rail /Modern Streetcar
$17M to $25M (contingent
upon the level of capital
subsidy from the State)
Short Term Express Bus Service (EBS) -
Connection to Light Rail /Modern Streetcar
$12M to $20M
$5.3M
Washington Avenue Master Plan (779 spaces)
$19.3M
$779K
Middle Beach (800 spaces)
$26.4M
$800K
North Beach (850 spaces)
$28M
$850K
Grand Total:
$100.2M - $108.2M
$38.5M - $46.5M
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September 30, 2015 City Commission Memorandum
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Page 12 of 17
PARKING ENTERPRISE FUND
The available fund balance in the Parking Fund, as of September 30, 2014, was $26M (net
of two months of required reserves). Each year, the City budgets an amount to be used to
fund future renewal and replacement projects in the fund. In addition, the Parking Fund is an
enterprise fund with revenues pledged to debt service payments. However, surplus funds
(revenues in excess of expenditures) from prior years may be used for other City purposes.
Currently, these surplus funds are used to fund transportation expenses as well as
supplement General Fund Revenues. Detailed projections of parking cash flows are being
developed as part of the bonds needed for the Convention Center project; however, the
chart below provides a rough projection of funds over the next five years assuming existing
rates and moderate growth.
Given the estimates below, a positive Parking Fund available balance will not be sustainable
under the existing rate structures. There will not be enough available balance to fund the
projected FY 2015/16 proposed expenditures.
Parking Available Fund Balance- Without Rate Increases
FY15 FY16 FY17 FY18 FY19 FY20
Available fund balance in the
Parking Fund as of September
30, 2014 22,825,573 12,532,573 (2,200,427) (23,137,837) (35,002,829) (48,318,811)
Fund Balance Set Aside for
R &R 3,228,000 ' 6,258,000 6,883,000 6,883,000 6,883,000 6,883,000
Available Fund Balance 26,053,573 18,790,573 4,682,573 (16,254,837) (28,119,829) (41,435,811)
Transfer to Transportation (1,311,000) (3,426,000) (3,426,000) (3,426,000) (3,426,000) (3,426,000)
Transfer to General Fund (8,400,000) (8,400,000) (8,400,000) (8,400,000) (8,40.0,000) (8,400,000)
R &R /Capital Needs
(5,314,000) (3,972,000) (11,492,000) (1,000,000) (1,000,000) (15,500,000)
Net Available Balance
11,028,573 2,992,573 (18,635,427) (29,080,837) (40,945,829) (68,761,811)
Annual Revenues 52,430,000 56,085,000 56,085,000 56,085,000 56,085,000 56,085,000
Annual Operating Expenses (41,237,000) (45,747,000) (47,119,410) (48,532,992) (49,988,982) (51,488,652)
Debt Service* (3,431,000) (8,648,000) (6,585,000) (6,591,000) (6,586,000) (6,586,000)
Set Aside for R &R (6,258,000) (6,883,000) (6,883,000) (6,883,000) (6,883,000) (6,883,000)
Net Surplus
1,504,000 (5,193,000) (4,502,410) (5,921,992) (7,372,982) (8,872,652)
Projected Available Year End
Fund Balance 12,532,573 (2,200,427) (23,137,837) (35,002,829) (48,318,811) (77,634,463)
Includes 55,27 million debt service in FY16 related to the Parking Related Convention Center Renovation, which consists of principal,
interest and issuance costs. Subsequent years include principal and interest only.
Note: This table has been updated from the first reading to conform to the Parking
Fund's FY16 proposed budget and to reflect the latest debt issuance cost estimates.
The overall impact of these two changes is approximately $1.5 million per year,
primariliy due to increased debt service costs.
Funding
A recurring revenue stream is necessary to sustain an ually recurring expenses related to
the aforementioned transportation initiatives as well ask) enhance the Parking Enterprise
Fund bonding capacity to fund the aforementioned garage expansion projects.
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Page 13 of 17
The Mayor and Commission has given general direction to the Administration to recommend
strategies, including but not limited to increases in parking rates. A parking rate increase will
provide the following benefits:
1. Driver Behavior Modification: Studies have shown that up to 30% of traffic
congestion is attributed to drivers seeking parking opportunities ( "circling the block"
further congestion is caused by pulling in and out of lanes of travel — Source: Federal
Highway Administration). Currently, metered on- street and off - street parking rates
are $1.75 per hour and enforced 9:00 AM to 3:OOAM (18 hours), seven days a week.
Garage rates are for the most part $1.00 per hour, with a maximum daily rate of
$20.00 (see appendices for detail of proposed parking rates at each municipal
parking garage, except during special events).
Current parking rates are too low to effectively alter driver behavior. At the March 18,
2015, Transportation Workshop, it was recommended that on- street parking rates
should be sufficiently higher than off- street parking rates to incentivize drivers to park
off- street. The goal is to reduce on- street parking demand, This can be
accomplished by increasing parking rates. Hence, only those drivers willing to pay a
"premium" will use on- street parking and all others will seek other parking or mobility
alternatives (garages, transit, bicycle, pedestrian). A key component of achieving
this goal is arriving at the EPR (Effective Parking Rate) for on and off- street parking.
EPR is defined as the optimum on- street and off - street parking rates and the price
buffer between the two rates that "effectively" changes driver behavior. There may
be some adjustments to either or both on and off- street rates to achieve EPR. If
approved in concept, the Administration recommends some latitude be incorporated
in the City Code amendment to allow for such adjustments.
Please note parking fine schedules are set by Miami -Dade County and the State of
Florida. Overtime parking and other related fine schedules must be at appropriate
levels in order to be effective and achieve compliance. Currently, an overtime
parking violation is $18.00. Parking user fees in the region, including Miami Beach,
are comparable, and in some cases, higher than an overtime parking fine. This
increases traffic congestion by perpetuating low risk/high reward user parking
behavior.
2. Parking Revenue Bonds - Bonding Capacity: Currently, the City's bond rating is
"Aa2" and Parking Bonds have an "A" rating. Increasing parking rates will in turn
increase the City's parking revenue stream resulting in increased bonding capacity.
Additional bonding capacity is needed in order to fund the list of transportation and
parking capital projects identified earlier.
3. Equity in Space Rental Pricing and Residential Visitor Permits — Parking space
rentals are available for valet parking, construction, special events, and film & print.
Currently, daily space rental rates are $17 for valet (ramp) and $10 for all other
categories and Residential Parking Visitor Permits are $1.00 per day.
In addition, it is important to note that municipal parking rates are substantially lower than
private sector or market rates. This has perpetuated an artificial demand for municipal
public parking as drivers "cruise" for on- street parking spaces (30% of traffic congestion
attributed to on- street parking); queuing at municipal parking garages seeking a $1.00 hourly
rate versus a much higher hourly rates or flat rates at privately owned /operated parking
garages; and lengthy waiting lists (12 to 18 months) for monthly parking at municipal
garages. A recent parking rate survey of 13 privately owned /operated garages and surface
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parking lots in the South Beach entertainment districts revealed an average hourly rate of
$5.00; maximum daily rate of $30.00; and monthly rate of $187.00, as compared to $1.00,
$20.00, and $70.00, respectively, at municipal garages.
Parking Rates — Proposed increases:
In response to the funding needs and issues discussed above, a number of rates have been
identified for potential increases.
Increasing rates for South Beach on- street parking with lower increases for off - street
(parking garages and lots). Conceptually, on- street hourly parking meter rates are
proposed at $3.00 with metered parking lots and garages at $2.00, hourly.
These increases were projected to generate an additional $7.8 million per year.
With the amendment adopted on first reading increasing the rate to $4.00 for on-
street south of 23rd Street, the additional revenue would increase by $5.7 million to
$13.5 million.
• Restructure rates and hours of enforcement for Collins Avenue /Indian Creek
between 23rd Street and 44th Streets to be consistent with rates and hours in South
Beach, as the intensity in activity in this area has changed to be more similar to
South Beach levels.
• Increase space rental rates for three of the four space rental categories (no change
for film /print space rentals incentives) The City Code provides for a special event
space rental fee of $0.25 per square foot. The dimension of a parking space is 187
square feet, equating to $46.75, per space. Therefore, a daily space rental rate of
$46.75 is proposed.
These increases were projected to generate an additional $2.9 million per year.
With the amendment adopted on first reading, the revenue would decrease by $2.2
million to $736,000.
• Residential Parking Virtual Visitor Permits are currently $1.00 per day. Products and
services that are undervalued are prone to abuses. Increasing the value of virtual
visitor permits diminishes opportunities for potential abuse. An increase to $3.00 per
day equates to $295,370.
The impact of potential increases are summarized below taking into account a 20% elasticity
adjustment for on- street parking (i.e. decrease in demand due to price increases) and a 25%
elasticity adjustment for space rentals. Additional detail is attached.
It is important to note hourly parking meter rate increases would not necessarily be
applicable to Miami Beach residents. Currently, Miami Beach residents enjoy a reduced
hourly parking meter rate of $1.00, instead of $1.75, in South Beach, through Parkmobile
(payment mobile application). This represents a 43% discount. Moreover, Parkmobile
waives its user fees for Miami Beach residents. This discounted parking rate and waiver of
Parkmobile user fees shall continue for Miami Beach residents.
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Page 15 of 17
Current
Annual
Proposed Revenue (Inc)
Parking Meter Hourly Rates:
South Beach On- Street Meters
South Beach Off- Street Meters
Collins Ave /Indian Creek
23rd - 44th Streets - On- Street
Meters
Collins Ave /Indian Creek
23rd - 44th Streets - Off- Street
Meters
$1.75
$1.75
$1.00
$1.00
Sub - total:
$4.00* $12,799,000.00
$2.00 $678,000.00
$3.00 $1,628,000.00
$2.00 $236,000.00
$15,341,000.00
Parking Meter Hours of Operation:
Collins Ave /Indian Creek
23rd - 44th Streets - On /Off - Street
Meters
8a -6p
9a -3a $2,331,000.00
Sub- total:
$2,331,000.00
Municipal Parking Garages:
Each of first four hours:
Monthly Rate:
$1.00
$ 70.00
$2.00
$100.00
$3,281,000,00
$597,000.00
Sub - total:
$3,878,000.00
Parking Spaces Daily Rentals:
Valet Parking *:
Construction *:
Special Event *:
$17.00
$10.00
$10.00
Initial 6 Months - $25.00
After 6 Months - $31.50
$25.00
Existing Building Permit
Holders will maintain
current rate for 6 months
$25.00
Existing Special Events
Applications will maintain
current rate for 6 months.
(Non -for- Profit
organizations will maintain
current rate).
$540,000.00
$157,000.00
$39,000.00
Sub- total:
$736,000.00
Residential Daily Visitor Parking:
$1.00
$3.00
$295,000,00
Sub- total;
$295,000.00
GRAND TOTAL
$22,581,000.00
* Amendments approved on 9/10/2015 at First Hearing.
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Page 16 of 17
FY16 Parking Rate Increases by Fund,
Fund Original Proposed Proposed Increase
Increases Amendments
Total
Parking Enterprise 480 17,901,000 3,598,000 21,499,000
i. 7th Street Garage 142 476,000 ` 0 476,000
5th & Alton Garage 484 89,000 0 , _ $9,Q00
Anchor Garage 463 269,000 0 269,000
Penn Garage 466 248,000 ; 0 248,000
18,983,000 _ 3,598,000.00 22,581,000.00
Footnotes:
Original Proposed Increase pursuant to Finance Committee Memo dated 07/01/2015
Amended Increases pursuant to 1st Budget Hearing on 09/10/2015
Five (5) Year Fiscal Impact
Cumulatively, the aforementioned parking rate increases are estimated to have the potential
to yield an additional $22.6 million, annually, representing $112.9 million over five (5) years
assuming no increase in utilization. As described, these increased revenues would be
utilized to fund the more immediate transportation initiatives and the bonding capacity for the
Parking Enterprise Fund is estimated at $140 million to fund parking garage expansion
projects. It is important to note that additional rate increases may be needed in the future to
fund other projects, including light rail. If all potential rate increases identified above are
implemented, the resulting impacts are shown in the table below prior to addressing the
projects identified in the funding needs summary referenced above.
Parking Available Fund Balance- With Rate Increases
FY15
Available fund balance in the
Parking Fund as of September
FY16
FY17 FY18 FY19 FY20
30, 2014 22,8.25,573 12,5.32,573_ 19,298,573 19,860,163 29,494,171 37,677,189
Fund Balance Set Aside for •
R &R 3,228,000 6,258,000 6,883,000 ' 6,883,000 . 6,883,000 6,883,000
Available Fund Balance 2.6,053,573 18,790,573. 26,181,573 26,743,163 36,377471 44,560,189
Transfer to Transportation (1,311,000) (3,426,000) (3,426,000) (3,426,000) (3,426,000)
) (3,426,000)
Transfer to General Fund (8,400,000) (8,400,000) (8,400,000) (8,400,000) (8,400,000) (8,400,000)
R &R /Capital Needs
Net Available Balance
(5,314,000) (3,972,000) (11,492,000) (1,000,000) (1,000,000) (15,500,000)
11,028,573. 2,992,573 ' 2,863,573 - 13,917,163 , 23,551,171 17,234,189
Annual Revenues 52,430,000 77,584,000 77,584,000 77,584,000 77,584,000 77,584,000
Annual Operating Expenses (41,237,000) (45,747,000) (47,119,410) (48,532,992) (49,988,982) (51,488,652)
Debt Service* (3,431,000) (8,648,000) (6,585,000) (6,591,000) (6,586,000) (6,586,000)
Set Aside for R &R (6,258,000)' (6,883,000) (6,883,000) (6,883,000) (6,883,000) (6,883,000)
Net Surplus 1,504,000 ' 16,306,000 i 16,996,590 ' 15,577,008 14,126,018 12,626,348
Projected Available Year End
Fund Balance 12,532,573 19,298,573 19,860,163. 29,494,171 37,677,189 29,860,537
* Includes $5.27 million debt service in FY16 related to the Parking Related Convention Center Renovation, which consists of principal,
interest and issuance costs. Subsequent years include principal and interest only.
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Page 17 of 17
The increased revenue is a result of the amendment adopted on first reading increasing the
rate to $4.00 for on- street south of 23`d Street; off -set by the decrease revenue resulting from
the amendments to the space rental fees.
CONCLUSION
The Administration recommends the City Commission take the following actions: 1) by
separate motion accept the recommendation of the Finance and Citywide Projects
Committee (FCWPC) on July 1, 2015; and 2) approve the attached Ordinance at Second
Readi Final Public Hearing.
JLM /K /SF
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