City of Alexandria, Virginia
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MEMORANDUM
DATE: APRIL 27, 2018
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: MARK B. JINKS, CITY MANAGER /s/
DOCKET TITLE:
TITLE
Consideration of a Resolution to Adopt Fee Changes to Increase the Monthly Parking Rates to be Charged to City Employees at City-owned Parking Facilities for FY 2019. [ROLL-CALL VOTE]
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ISSUE: Consideration of a resolution to increase the monthly parking rates charged to City employees at City-owned parking facilities.
RECOMMENDATION: That the City Council adopt the attached Resolution (Attachment) as part of the FY 2019 Approved Budget. The new fees will be effective July 1, 2018.
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. Approximately 137 City employees located in Old Town have monthly accounts to park in these City-owned parking facilities at a subsidized rate of $120 per month which is automatically deducted from their paycheck on a pre-tax basis once per month. In addition, there are approximately 145 City employees who are on the waiting list to obtain monthly parking at one of the five parking facilities in proximity to City Hall.
DISCUSSION: In the context of the FY 2019 budget process, staff proposed an increase to the rate for City employee monthly parking at City-owned parking facilities from $120 to $130 per month which reduces the City parking subsidy. This $10 increase will be proposed annually to bring the City employee parking rate closer and eventually to the market rate parking fees that the City charges private sector employees, business and property owners. This proposed action will bring the employee monthly parking rate closer to the market rate parking fees that the City charges private sector employees and property owners. It also is consistent with overall City transit policy which encourages the private sector not to subsidize parking, but to focus subsidies on transit.
FISCAL IMPACT: Increasing the public and City employee monthly parking fees is projected to generate approximately $15,480 in additional General Fund revenue each year with no additional cost.
ATTACHMENT: Parking Rate Resolution
STAFF:
Laura Triggs, Deputy City Manager
Morgan Routt, Director, Office of Management & Budget
Jeremy McPike, Director, General Services
Alfred Coleman, Deputy Director, General Services