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