City of Alexandria, Virginia
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MEMORANDUM
DATE: APRIL 26, 2017
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: MARK B. JINKS, CITY MANAGER /s/
DOCKET TITLE:
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Consideration of a Resolution to Adopt Fee Changes to Increase the Monthly Parking Rates to be Charged to the Employees and the General Public at City-owned Parking Facilities and the Rental Fee Charged for Market Square Events for FY 2018. [ROLL-CALL VOTE]
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ISSUE: Resolution to increase the monthly parking rates charged to the public and City employees at City-owned parking facilities and the rental fee changed for Market Square Events.
RECOMMENDATION: That the City Council adopt the attached Resolution (Attachment) as part of the FY 2018 Approved Budget. The new fees will be effective July 1, 2017.
BACKGROUND: The City owns seven parking facilities (four garages and three surface lots) in the Old Town area that assess fees for parking including the Courthouse, Market Square, 220 N. Union Street, 10 Thompson's Alley, 210 N. St. Asaph Street, 116 S. Henry Street and 120 N. Patrick Street. The current monthly parking rate for the public at the Courthouse, Market Square and 220 N. Union Street parking garages is $170 per month. The current monthly parking rate for the public at the 10 Thompson's Alley garage is $135 per month; $155 per month at 220 N. St. Asaph Street surface lot; and $100 per month at 116 S. Henry and 120 N. Patrick Street lots.
These parking facilities each utilize a different mix of monthly parking spaces for the public and City employees and daily/transient spaces for anyone to use. The exact mix is based on the specific demand at each of the sites and is designed to find a balance between revenue maximization and accommodating City employee parking needs. Monthly parking fees also vary at each of the facilities depending upon the specific local market. Rates may vary even...
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