Updates to the Parking and Mobility Services Fee and Rate Schedule - Fiscal Note
No
Public Works
N/A
No
Impound Lot: Averaging roughly 29,000 vehicle releases per year. Proposed tow fee and storage fee increase expected to see 8.2% growth in revenue for 2024.
Off-Street: No immediate plans to raise event rates at Haaf Ramp, Mill Quarter Ramp, and Riverfront Ramp. RCA aims to raise the event rate cap (max rate) to allow the option of increasing event rates in the future. 4th St N Lot expected revenue based on last 12 months.
On-Street: Permit revenue based on assigned CPA Annual Visitor permits over the last 12 months.
BUDGET IMPACT
List of revenues and expenditures related to this request
| Request Financing | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Revenue Sources | |||||
| Impound Lot - Fees & Charges | $706,408 | ||||
| 4th St N Lot - Fees & Charges | $309,584 | ||||
| CPA Annual Visitor Permit Fees | $7,740 | ||||
| Total Revenues | $1,023,732 | $0 | $0 | $0 | $0 |
| Expenditures | |||||
| Total Expenditures | $0 | $0 | $0 | $0 | $0 |
| Net Budgetary Impact (Revenue-Exp.) | $1,023,732 | $0 | $0 | $0 | $0 |
Not Applicable
Not Applicable