Loading...
HomeMy WebLinkAbout1966-04-11 92-T ORDER92-T Introduced by Crusader Brown, April ll, 1966 CITY OF BANGOR (TITLE.) vVrhrr.... ....... Receipt of. Parking Report of. the city Manager By dw qty Coaaail of Ow City of Bassin ORDERED, THAT Whereas, on March 28, the City Council passed Order 86-T Preparing Report on "Ort Street" Parking Maters, NOW, THEREFORE, BE IT ORDERED That the report of the City Manager, be hereby received. 92—T -CEI VED 1366 A" —4 eN iG: 34 ORDER C"'y r,' RK'S OFFICE Title, Receipt, oT Perking Report of CSty Manager IN CITY CODNCIL April ll, 1966 PASSED ...................................... Introduced and filed by TY CLERK ��// mom,-.... Councilman MEMORANDUM TO: CITY COUNCIL FROM: CITY MANAGER March 31. 1966 IN RE: REPORT ON PARKING METER REVENUES AND COSTS In accordance with Order 86-T -- Preparing Report on Parking Meter Passed by the City Council on March 28, 1966, I submit herewith the pertinent information relative to the costs of parking both on -street and off- street In the City of Bangor, as well as the revenues, for the fiscal years 1964 and 1965. 1, Parking Operations The City of Bangor, during the year 1965, provided 1726 metered park- ing spaces. On -street spaces totaled 838, off-street spaces totaled 888. All metered spaces are located practically within the business core and provide convenient accessibility. VVIdle the space -hour demand for cities in Bangor's population group exceeds 4000, the demand during 1965 has been adequately Provided for during normal parking conditions. During the latter part of 1964, October and November respectively, maJor changes were enacted in the parking program which became apparent during 1965. 276 metered spaces were removed from Abbott Square Annex; the enforcement time limit for all meters was changed from (8:00 A.M. - 6:00 P.M.) to (9:00 A. M. - 5:00 P.M.); 620 one-hour on -street meters were changed to two-hour phase, thus providing 788 two-hour meters, 38 twelve -minute and 12 five-hour on -street metered spaces as of January 1, 1966. Further changes during 1965 were made in off-street meters in Ken- duskeag Plaza and Abbott Square; 38 two-hour spaces in Abbott Square were changed to the ten-hour limit; 40 two-hour spaces in Kenduskeag Plaza were changed to the ten-hour limit. Off-street Parking Spaces provided by the City as of January 1, 1966 are as follows: OFF STREET 2 -HOUR 5 -HOUR TOTAL Abbott Square 156 57 213 Abbott Square Annex 21 18 39 Atler Lot 0 55 55 Columbia Street Lot 12 0 12 City Council -2- March 31. 1966 Off Street Parking Spaces Continued 2 -HOUR 5 -HOUR TOTAL Pickering Square 167 0 167 Union Park 24 45 69 Kenduskeag Plaza 175 138 313 High Street Lot 0 20 20 Total 555 333 888 TOTAL ON -STREET SPACES 838 TOTAL OFF-STREET SPACES 888 TOTAL METER SPACES 1726 2. operating and Depreciation Cost Budget Account 30-05 is entitled Police Department - Parking Division. The function of this division is to operate and maintain all on -street and off- street parking areas in the City of Bangor, including summer and winter maintenance of parking lots, enforcement of parking meter regulations, col- lection of parking motor revenues and fees and follcw-up and prosecution of Parking meter violations. The Personal Services directly attributable to the operation of the park- ing function includes three patrolmen, one meter maintenance man, one maintenance worker, and one clerk -stenographer -I. Supplies include meter supplies, pats, posts, etc. and office supplies including parking tickets. (You will note that In 1964 the supply item is substantially higher than 1965. This is due to the fact that tickets are ordinarily Purchased In two-year lots.) Contractural Services includes primarily the cost of sweeping, plowing and removal of snow from off-street parking lots by the Public Works Depart- ment. Comparative costs for the operation of all on -street and off-street metered parking in the City of Bangor for 1964-1965 is as follows: 1964 1965 Personal Services $23,334.00 $27,546.00 Supplies 5,658.00 2,178.00 Contractural Services _ 5.433.00 _ 3.125.00 Treasurer's Office Costs (est.) 7 000.Q0 2 non no $36,425.00 $34,849.00 City Council -3- March 31, 1966 With reference to depreciation of the meters aid posts, the city presently has installed the following equipment: 838 Magee -Hale Meters @ $60 $50,280 888 Parkit-Locklt Meters @ 18 15,984 1200 Meter Posts @ 7 8,400 $74,664 With the level of maintenance man provided by the Parking Division, It is safe to assume a 20 -year life on all this equipment. Thus, annual depreciation would cost approximately $3,733. 3. Amortization of Costs of Acquisition and Construction of Off -Street Lots The City of Bangor is operating seven off-street parking lots (actually six areas, because Columbia Street and High Street are on the same parcel although at different levels), and of these, four of -.he areas were acquired and/or Improved during the last seven years at a total cost of $1,970,000 as follows: 1965 Payments Bond Issue Prim Interest Pickering Square, 1959 $250,000 ) 513,650 7,576.75 Abbott Square, 1959 30,000 ) Kenduskeag Stream, 1962 1,650,000 85,000 44,400.00 High and Columbia Streets, 1956 40.000 4,000 165.00 $1,970,000 $102,650 $52,141.75 Adjustment for portion of Kenduskeag Stream attribut- able to Sewer Costs (20%) -350.000 -17`000 -8.880.00 $1,620,000 $ 85,650 $43,261.75 Thus, In L965, the Total Cost of acquisition and improvement of these lots was, in principal payments, $85,650 and in hrterest payments, $43,261.75, for a total of $128,911.75. City Council -4- Marci 31, 1966 4. Revenue From Parking Operation Comparative revenue figures for 1964 and 1965 for both on -street and off-street parking was as follows: 1964 1965 On -Street $ 61,642.00 $ 60,388.00 Off -Street Abbott Square 8,308.00 8,052.00 Abbott Square Annex 51126.00 ----- Atler Lot 1,259.00 2,323.00 Pickering Square 91199,00 8,960.00 Union Park 2,541.00 2,653.00 Kenduskeag Plaza 12,123.00 11,916.00 Columbia Street 813.00 546.00 High Street 582.00 652.00 Total $101,593.00 ;95,490.00 In addition to meters, there were two additional revenue sources from the parking program for which comparative figures are shown below: 1964 1965 Ticket fees $30,435.50 $28,537.50 From the Bangor Parking and Modernization Corporation 17,500.00 17,500.00 S. Sum Summarizing the financial implications of the municipal parking program as of 1965, we show the following information: A. Revenue Meter Fees $95,490.00 Ticket Fees 28,537.00 Parking Corp. Payment 17,500.00 $141,527.00 B. Costs Operation $34,849.00 Depreciation of Equipment 3,733.00 Amortization of Lots 128,911.00 $167,493.00 City Council -5- March 31, 1966 The $26, 000 differential between costs and revenues is, in affect, the city's investment in providing parking facilities to Increase the value of downtown commercial property. Without doubt, the city recovers far more than this through increased property values because of the 1726 spaces Provided. H you have any questions which this report does not answer, please be some to call me. Respectfully submitted, C, MAN GM JRC/hp