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Why Parking Permit Rates Need to Increase?

Why Parking Permit Rates Need to Increase? . Parking Services is an auxiliary operation and receives no direct funding from the State Parking Services is therefore self supporting

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Why Parking Permit Rates Need to Increase?

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  1. Why Parking Permit Rates Need to Increase? • Parking Services is an auxiliary operation and receives no direct funding from the State • Parking Services is therefore self supporting • Revenue comes from: permit sales, violation fees, meter collections, boot collections, special event collections and park & pay garage revenues • Expenditures include: staff salaries, wages, operating costs, capital costs, maintenance costs, and debt service

  2. The Campus Master Plan intentionally reduced the number of surface lots and core street parking to allow for increased green space and pedestrian access, academic building sites, and covered parking (garages). • Debt service on new garages has increased from $1,133,962 to $4,544,719.

  3. Options to Achieve a Break Even Budget • Increase permit rates • Close in parking and covered parking pay more than perimeter • Increase park and pay garage rates • Introduce other permit rates • Service/delivery • Vendor/contractor • Visitor • Increase permit sales by making changes to the transit system

  4. Rate Increases are Based on the Following • The closer, or more preferred locations, the more expensive the space • Individual reserved spaces are at a premium • Restricted spaces will be higher • In the core of campus and nearby faculty/staff work places • Residence halls spaces will be higher • Cars are not moved all week, prohibiting others from parking in the spaces • 80% of the residence hall spaces are in garages (covered parking • Apartment spaces are higher because they are limited 24/7 to apartment dwellers only

  5. Bobcat Village will have a lower apartment rate because of its proximity to campus even though it is a reserved lot. • Only 3100 residence hall permits will be sold. Residence hall permits not sold, will be sold on a first come first serve basis to any student, faculty or staff, • To achieve a break even budget, perimeter and motorcycle permit rates also need to increase slightly

  6. Proposed FY 2013 Parking Permit Rates

  7. Financial Plan

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