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									                                                                   Agenda Item No. 5.a

                            TRANSPORTATION COMMISSION
                                               Staff Report


DATE:         September 19, 2013

SUBJECT:      DOWNTOWN PARKING & ENHANCEMENT ENTERPRISE FUND


INTRODUCTION:
Staff will present proposed changes and additions to the Downtown Parking & Enhancement
Enterprise Fund structure, including proposed fee and time adjustments.

RECOMMENDED ACTION:
No formal action required. Provide comments and ask questions of staff regarding the
proposed changes to the Downtown Parking and Enhancement Enterprise Fund structure.

BACKGROUND:
In December 2011, the City Council approved a Parking Management Plan for the City of
Walnut Creek, including six overarching strategies aimed at ‘making parking work’ downtown.
One such strategy includes ‘Effective Inventory Management’, which set forth several actions
for improving the City’s management of its parking inventory. Two specific and connected
actions included developing a parking enterprise fund to plan for future asset management and
capital needs. Another included adopting a demand-based management strategy, whereby
parking fees and operating hours are based on achieving an 85% maximum on-street occupancy
goal.

As part of the 2012-2014 City budget development process, the City’s parking operations,
historically managed and budgeted across several departments, were reorganized into a single
enterprise fund; separate and apart from the City’s General Fund. This new fund, currently
known as the Downtown Parking and Enhancement Enterprise Fund, now captures all citywide
operating revenues and expenditures related to parking. However, as this fund is in its early
stages, it does not include reserve allocations for asset management or capital needs.
Additionally, the fund has not yet incorporated the demand-based management strategies set
forth in the Parking Management Plan.

The purpose of this presentation is to outline the current structure of the Downtown Parking
and Enhancement Enterprise Fund structure and review staff’s recommendations for necessary
additions and improvements, including incorporation of demand-based management strategies
  Transportation Commission                                                                 Page 2 of 3
  Staff Report – Downtown Parking and Enhancement Fund
  September 19, 2013

  set forth in the Parking Management Plan.

  A summary of staff’s recommendations and proposed changes to the Downtown Parking and
  Enhancement Fund are provided below.

Fund Elements                  Staff Recommendations
Fund Reserves                  No reserves for asset management, capital needs or emergencies are
                               currently established in the fund. Staff recommends establishing the
                               following reserves to ensure sufficient funding is set aside to maintain
                               the City’s parking operations and associated assets:

                               Asset Management Reserve: 10%
                               Capital Reserve:         5%
                               Emergency Reserve:       10%

Parking Rate Adjustments       Adjustments to parking rates will be data-driven and based on an 85%
                               on-street occupancy goal. When on-street occupancy exceeds 85%,
                               rates may be increased to lower demand. When on-street occupancy
                               falls below 85%, rates may be lowered to increase demand. Based on
                               this demand-based management model and current downtown
                               occupancy patterns, staff recommends the following pricing
                               adjustments:

                               On-Street:
                               Occupancy >85%: $2.00/hour ($1.00/hour increase)
                               Occupancy <85%: $1.00/hour ($ .50/hour increase)

                               Off-Street
                               Broadway & North Locust Garages: $.50/hour (no change)
                               South Locust Garage:           $1.00/hour ($.50/hour increase)

Hours of Operation             In an effort to better align the on-street hours of operation with peak
                               periods of demand for parking, staff recommends shifting the on-
                               street hours from 9:00AM-6:00PM to 10:00AM-8:00PM. The City’s
                               parking garages would continue to operate on a 24-hour basis.

Downtown Enhancements          The City has historically reinvested parking revenues into the
                               downtown in the form of a variety of downtown enhancements. These
                               enhancements currently include the free-ride trolley and downtown
                               landscaping services. Staff recommends continuing this practice with
                               further downtown investment in the following three service areas:
  Transportation Commission                                                           Page 3 of 3
  Staff Report – Downtown Parking and Enhancement Fund
  September 19, 2013

                                      Enhanced Downtown Police Services
                                      Downtown Maintenance Services
                                      Downtown Performing Arts Fund


Downtown Parking Meter         Staff recommends revising and expanding the existing ‘Downtown
Zone                           Parking Meter Zone’ boundary to capture the City’s total parking
                               inventory and assets (see Attachment 1). The proposed boundary
                               would also determine the geographic area where parking revenues can
                               be reinvested, and where the resulting services and downtown
                               enhancements should be provided.

  FINANCIAL IMPACTS:
  None at this time. The Commission’s review of the proposed Downtown Parking and
  Enhancement Enterprise Fund structure does not constitute an appropriation of funds.

  COMMISSION ACTION RECOMMENDED:
  No formal action required. Provide comments and ask questions of staff regarding the
  proposed changes to the Downtown Parking and Enhancement Enterprise Fund structure.

  ATTACHMENTS:
  Proposed Downtown Parking Meter Zone Map

  STAFF CONTACT:           Matt Huffaker, Assistant to the City Manager
                           925-256-3580
                           Huffaker@Walnut-Creek.org

								
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