AgdaPkt 2000-07-24 - Laserfiche WebLink

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~~-c., ~ 42 paid citations per day (70% citation payment rate) Costs to City: Annual fee of $300,000 per year $50 (per citation) X 21,900 issued citations = $1,095,000 Total Annual Fees = $1,395,000 City's Total Citation Revenue: $129 (revenue per citation) X 15,330 (paid citations) = $1,977,570 Annual surplus in year one = $582,570 Breakeven Analysis: Year 2 Assumptions: ~ 85 minimum violations per day for five red light cameras (43% reduction from Year 1). ~ 34 citations issued per day (40% of actual violations) ~ 24 paid citations per day (70% citation payment rate) Costs to City: Annual fee of $150,000 per year $50 X 12,410 issued citations = $620,500 Total Annual Fees = $770,500 City's Total Citation Revenue: $129 X 8,760 per year (paid citations) = $1,130,040 Annual surplus in year two = $359,540 Breakeven Analysis: Year 3 Assumptions: ;,. 70 minimum violations per day for five red light cameras (53% reduction from Year 1). , 28 citations issued per day (40% of actual violations) ~ 20 paid citations per day (70% citation payment rate) Costs to City: Annual fee of $150,000 per year $50 X 10,220 issued citations = $511,000 Total Annual Fees = $661,000 City's Total Citation Revenue: $129 X 7,300 per year = $941,700 Annual surplus in year three = $280,700 Conclusion Red light photo enforcement systems have proven successful throughout the world and would help to achieve the goal of reducing accidents at selected intersections in Redwood City. With no up- front construction fees, the program costs may be paid over the period of the contract by the 5 .