Item Coversheet

NEW BUSINESS  3.

COMMITTEE MEMORANDUM

TO: Finance and Citywide Projects Committee Members


FROM:
Jimmy L. Morales, City Manager


DATE: March 26, 2018


SUBJECT:DISCUSSION REGARDING THE GARAGE RATE INCREASES APPROVED IN 2015

HISTORY:

On September 30, 2015, the City Commission approved Ordinance No. 2015-3966 amending several parking rates (see attached).


ANALYSIS:

Below are the rates currently in effect.

Parking Meter Rates

• South Beach Parking Zone

on-street rates $4.00 hourly

off-street rates $2.00 hourly

• East Middle Beach Parking Zone

on-street rates $3.00 hourly

off-street rates $2.00 hourly

• West Middle Beach Parking Zone

on-street rates $1.00 hourly

off-street rates $1.00 hourly

• North Beach Parking Zone

on-street rates $1.00 hourly

off-street rates $1.00 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 $31.50 per day

• Construction space rental $25.00 per day

• Special Event space rental $25.00 per day

• Film/Print space rental $10.00 per day

Residential Parking Virtual Visitor Permits

• $3.00 per day

 

However, the approved rate increases at the garages has not taken effect since we did not yet have a mechanism to provide the discounted rate for residents.

 

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 parking rate discount currently available at metered parking at our 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.



CONCLUSION:

In summary, the approved increase to the garage rates would increase the first four (4) hours from $1/hour to $2/hour, which is the current rate at our parking lots.

 

The increase to garage parking rates is recommended due to the following:

  1. Parking garage hourly rates should be consistent with the metered parking lot rate of $2.00 per hour to achieve parody for all off-street parking facilities and this increase would achieve parody.

  2. Parking utilization and related revenues are trending down.  The garage hourly rate increase is projected to increase revenues by $2,670,000 which would offset this down trend. 

  3. There are several initiatives funded by the Parking Enterprise Fund, including: transfer to the Transportation Department to fund trolley operations; and transfer to the general fund to offset a millage increase. 

 

We are ready to proceed with the rate increase and are seeking direction as to effective date.


ATTACHMENTS:
DescriptionType
Ordinance No. 2015-3966Ordinance