City of Alexandria, Virginia
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MEMORANDUM
DATE: APRIL 2, 2014
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: RASHAD M. YOUNG, CITY MANAGER/s/
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Introduction and First Reading. Consideration. Passage on First Reading to Amend and Reordain Division 1 (Parking Meter Zones), Article G (Parking Meters), Chapter 8 (Parking and Traffic Regulations), Title 5 (Transportation and Environmental Services) of the Code of the City of Alexandria, Virginia, 1981, as Amended, as Included in the FY 2015 Proposed Budget.
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ISSUE: Consideration of a proposed ordinance to extend parking meter hours from 7:00pm to 9:00pm in Zones 1 and 2.
RECOMMENDATION: That City Council passes the attached proposed ordinance to extend parking meter hours in all meter zones 1 and 2 on first reading, and set it for public hearing on April 12, 2014 and final passage on May 1, 2014.
BACKGROUND: On February 25, 2014, the FY 2015 Proposed Budget was presented to City Council. The proposed budget included $500,000 of additional revenue by extending the meter hours. Zones 1 and 2 (Old Town Area) require ordinance change to extend the meters beyond 7:00pm.
DISCUSSION: The current parking meter rates are $1.75 per hour in zone 1 (east of Washington Street) and zone 2 (west of Washington Street) and meter hours are 8:00am-7:00pm. As part of the FY 2015 Proposed Budget, staff is proposing to extend meter hours to 9:00pm, an additional two hours in Zones 1 and 2. In addition to increasing revenue, extending the meter hours will help to encourage turnover in parking spaces for patrons in the Old Town area. The FY 2015 Proposed budget also increased parking meter hours in Zone 3 (Carlyle), to be considered via resolution on May 1.
FISCAL IMPACT: The fiscal impact of all parking changes is approximately $500,000 in additional revenue. The projected revenue inc...
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