Desman Associates Report Pg. 45
This is a summery of the 2009 parking study. Some of these have been implemented and some of them are in the works and some of them will not be implemented.
PARKING SYSTEM FINANCIAL PERFORMANCE PROJECTION
Table 18 provides a five year financial projection for the City of Meadville’s Parking
System.
Revenue Enhancement
This financial outlook is based on the assumption that the City will adopt and implement the proposed rate schedule revisions listed below.
1) Raise the monthly rental rate for covered ramp spaces to $40.00 in 2009 and to $45.00 in 2010.
2) Establish a $35.00 monthly rental rate for Market Street Ramp rooftop spaces.
3) Raise the monthly rental rate for lot spaces to $35.00.
4) Raise the monthly rental rate to Crawford County for the rental spaces at the
Robert Smith Lot to $30.00.
5) Raise the cost of parking at 1-hour, 2-hour, 3-hour and 5-hour parking meters to
$.50 per hour.
6) Raise the cost of parking at 10-hour and 12-hour parking meters to $.25 per hour.
7) Raise the initial fine for parking at an expired on-street or off-street parking meter to $15.00.
8) Assign the 52-spaces in the Park Avenue West Lot #7 to the Crawford County Court Administrator for juror parking during nine months a year for an annual rental fee of $11,700 or $25.00 per space per month for 9 months. This agreement would also allow the County the right, on jury selection days, to issue single day parking permits at Park Avenue West Lot #9.
9) Transfer the DEP rented spaces at the Water Street Lot #19 to the Market Square Ramp to permit the 40-space Lot #19 to be leased to Howick Motors for an annual fee of $12,000 or $25.00 per space per month.
10) Terminate the practice which allows businesses and merchants the ability to seek parking ticket waivers on behalf of their customers and patrons.
The projected growth in revenue for the Meadville Parking System is premised on the aforementioned rate increases and rental space supply allocation changes assumed to be enacted over a two year period. After this initial two year period, the annual revenue generated by the system is expected to remain stable because we found no justification to assume that the available supply of parking would change, nor that the demand for parking would significantly expand.
Also supporting our projected revenue growth are several related system management changes. First, it has been assumed that the daily ticket writing productivity by parking enforcement personnel will increase by 15% in the first six months after the recommended deployment and presence of field officers intensifies. After six months, it is assumed that the non-compliant behavior of regular downtown parking meter users will diminish and thus the daily volume of issued parking citations will stabilize at a low level.
Second, the parking citation and meter revenue will increase when the City ceases the practice of allowing downtown business owners and managers the ability to waive parking citations issued to their patrons.
Third, by shifting parking accommodations for Crawford County Courthouse jurors to the Park Avenue West Lot #7 for a fixed annual charge, the turnover of parking meter spaces in the Diamond Park area will increase as will the revenue yield from these meters.
Lastly, it is assumed that current payment and collection rates for parking fines will continue into the future. Also, it is assumed that, apart from the proposed parking
agreements with the Crawford County Court Administrator and Howick Motors, the current rental parking space customer base will be retained and system-wide patterns of meter parking space usage will remain as they currently exist.
