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ACM Moore displayed a parking map of the downtown area that indicated the locations of IO-hour parking meters, 2-hour parking meters, and 36-minute meters. She said there are a total of 1,507 parking meters in Redwood City: 916 (61 %) are on-street, and 591 (39%) are off-street. She stated that each meter costs approximately $70 to maintain ($105,246 per year to maintain and operate); parking structure permit fees are $20 per month; parking lots permit fees are $15 per; and current hours of enforcement are Monday through Friday, 8:00 a.m. to 6:00 p.m. ACM Moore described the impact to the General Fund: Scenario A generates $28,205; Scenario B would create a loss of $168,989; and Scenario C would create a loss of $250,094. She advised that removal of all the meters in the downtown area would require approximately 2,000 casual hours for enforcement at a cost of $27,720 per year. ACM Moore said the perception of local business people was that parking meters would negatively impact their businesses and the lack of parking enforcement on Broadway would negatively impact the merchants. She said if on-street meters were removed there was a concern that downtown employees might become abusers by parking on the streets rather than in the lots. She said there was little support to removing all the meters because it would result in a large negative impact and would result in significant abuses of ITee parking. ACM Moore said the study included surveying other cities, other Chambers of Commerce and business associations, and these groups indicated support for parking meters. ACM Moore said staff recommended an increase in the parking meter violation fine ITom $10 to $15, and raising the meter rate, which would encourage the purchase of monthly permits;. changing the times of some of the meters in certain areas; and continued Police enforcement in the downtown area. ACM Moore said the overall recommendation would be to keep the current parking meters in place. She advised that parking needs would continue to change in the downtown area as new economic development opportunities arose, and this concern should be addressed through a "managed parking plan." Council and staff thoroughly discussed the purpose of further study and appropriate time lines. In response to Council questions regarding findings to remove the meters, City Attorney Schricker said, "The parking meters are not contractually required any more. The original reason for placing the meters was to payoff bonds that were used to build the off-street parking facilities. Those bonds have been retired, so if you could do away with the notion that there is a contractual requirement for them, that might assist you. What this statement says is that you don't need the meters to raise the money that you need to run the City.... There is another related financial aspect, and that is the $1.3 million encumbrance on a fund. It is an inter-fund transfer that occurred some years ago that would have to be REGULAR COUNCIL MEETING MINUTE BOOK NO. 56 JANUARY 26,1998 MINUTES Page No. 182 PAGE 10