Town Seal

Town of Chapel Hill
North Carolina

Executive Summary

Meeting Date: 02-23-2009
Time:                    7:00 PM

AGENDA #11

 

Title of Agenda Item: Parking Recommendations

Background:  The attached staff memorandum includes background information and recommendations for Parking in downtown Chapel Hill.

Fiscal Note:  (Numbers coincide with Parking Recommendations)

  1. Signage for name changes - $3000

    1. Meter fees are at $250,000 for 2008. We are asking for a 50% increase for parking fees associated with on street parking (from $1 per hour to $1.50 per hour) then our new projected income would be $375,000( Net increase of $125,000).
    2. Banner for Wallace deck for Event Parking  - $250
    3. None short term, long-term upgrade technology
    4. Projected revenue loss from Courtesy Tickets $12,394 (if no more than 33% of tickets, estimated to be 20% of tickets by Parking Services), Additional revenue generated if fines are increased to $25 is $12,640.
    5. No Fiscal impact
    6. Loss of revenue from 7pm till 8pm if changed - <$150,000>
  3. Parking Signage - $5000
  4. None
  5. Future dollars will be needed to add to the Parking Supply

Additional Expenses - $8250             Revenue impact of Policy Changes - <$24,754>

 

Staff Recommendation(s):  That the Council adopt the attached resolution on Parking Recommendations.

Viewing attachments may require Adobe Acrobat