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Parking Improvement Fee <br />LLouiCityf <br />svi <br />llee <br />COLORADO • SINCE 187 <br />• Determining amount is a political decision <br />— Weighing the benefits and obligations of providing the <br />Parking Improvement Fee <br />— Strike a balance between encouraging public parking <br />and the City's increased responsibility for parking <br />• Staff Proposal <br />— 2017 = $13,000 <br />— 2018 = $14,000 <br />— 2019 = $15,000 <br />— After Annually = Previous year amount x CPI <br />Parking Improvement Fee <br />LCityC,I <br />Louisville <br />COLORADO• SINCE 1878 <br />• New BRaD Committee reviewed Staff's analysis on May <br />1, 2017 <br />— Felt the increase was very high compared to the current <br />rate <br />— Setting the fee at $13,000 per space would deter projects <br />from proposing to pay the fee. <br />— The fee rate should be informed by solutions found in the <br />future planned parking analysis. <br />— A parking plan should be in place to outline projects where <br />the fee will be spent. <br />— Interested in having an interim amount for the fee that is <br />greater than the current fee, allowing more time to create <br />a parking plan outlining parking investments. <br />6 <br />