Resolution 7410 - Laserfiche WebLink

EVERETT RESOLUTION NO. 7410 WASHINGTON A RESOLUTION providing for the delegation of the establishment and modification of public parking rates at the municipal EVERPARK parking garage, repealing Resolution No. 4562 as amended. WHEREAS, 1. Resolution No. 5738 was passed and approved by the City Council on March 1, 2006. 2. Resolution No. 5738 established revised public parking rates for the municipal EVERPARK parking garage. 3. Public parking rates at the municipal EVERPARK parking garage have not been revised since March 1, 2006, a time period in excess of thirteen (13) years. 4. The municipal EVERPARK garage is an Enterprise Fund (Fund 430) currently under the management oversight of the Facilities and Property Management Department. 5. Through City Council adoption of the annual budget, the municipal EVERPARK garage's annual revenues are required to cover its on-going operating and renovation, repair and capital improvement expenses. 6. The primary source of municipal EVERPARK garage revenue is derived from parking fees. 7. In order to optimize parking garage utilization and support downtown business activity, it is a best practice to use performance based pricing strategies for publicly owned parking garages to achieve optimum parking garage utilization for various types of parking needs typically demanded by customers. 8. Examples of parking needs generally include hourly or time of day parking, non-peak parking, monthly parking, special events, and business activity validation. 9. The ability to set public parking rates to achieve optimum parking garage utilization requires that management have the flexibility to adjust public parking rates on a regular basis, as needed.