City Council Agenda and Packet 2002 02 12 SP

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COUl'lCIL COMMUNICATION TO: FROM: MAYOR AND CITY COUNCIL WILLIAM A. SIMMONS CITY MANAGER DATE: SUBJECT: February 13,2002 Downtown Parking ORIGINA TING DEPARTMENT: Public Works Department - SUMMARY: In the Fall of 2000 the City enacted Ordinance 1341, Series 2000 establishing a parking improvement fee for cash in lieu of to meet parking requirements for developments in downtown Louisville. The ordinance set a fee of $10,500 per space at a ratio of 2.5/1 000. The fee of $10,500 was established in concurrence with a plan (please see the attached "Plan") discussed and agreed upon by the City and the Downtown Business Association. The plan provided for a net increase of 115 new parking spaces. BASIS OF FEE: The total fee of $10,500 per parking space includes $3200 per space for land costs. This was based on the cost of acquiring the necessary property for additional spaces in accordance with the plan. The balance of the cost, $7300 per parking space, was based on the cost to net an additional 115 spaces within a given area along South St., Front Street, Walnut Street, and existing parking lots. Specifically, The Public Works Department estimated a cost of $1900 per space on vacant land, similar to the $1,600 estimate provided by representatives of the DBA, exclusive of any property or land acquisition (please see attached proposal). However, as the Public Works Department priced the scope of work to construct a new downtown parking space as compared to a new parking space on vacant land, an additional $4,300 per space was added to include the cost of concrete, street lighting and utility work. The methodology used to establish the cost per parking space in downtown also included other costs such as street and sidewalk demolition, decorative brick pavement, pedestrian lighting, drainage utilities and related items for an additional $1,100 per space, resulting in a total fee of $7,300 per space exclusive of any property or land acquisition. Thus, tht~ total cost to create 115 new parking spaces was estimated to be approximately $850,000 exclusive of any property or land acquisition. It should be noted that due to the wide range of costs per parking space (some spaces are more expensive than others to construct in accordance with the plan) if certain high cost spaces were dropped the average cost per space for those newly established would be less. - IE SUBJECT AGENDA ITEM Downtown Parking 4A -