HomeMy WebLinkAboutAgenda Report - April 15, 1992 (53)Y CW
CITY OF LO D I��
AGENDA TITLE:
NIEETM DATE
PARKP4G LOT FEE
April 15, 1992
PREPARED BY: Finance Director
RECOMMENDED ACTION: That the City Council approve the attached Resolution
allowing a discount for the purchase of semi-annual and
annual parking passes in City owned parking lots,
BACKGROUND INFORMATION: The Mayor and City staff met with the downtown business
association in January and February 1992 to discuss parking
fines and the City's cost of providing parking mforcernen,
services. One suggestion made during these meetings wa!
to allow for the sale of semi-annual and annual parking loi
passes at a discounted rate. At the February 19. 1992
Council meeting, the City Council agreed in p incipal with this concept and requested staffto return wiff
a recommended feeschedule,
The attached Pesolutim provides for the quarterly. semi-annual and annual purchase of parking lot
permits ata discounted rate. The discoftnt rate used to compute semi-annual and annual payments is 7%.
This rate was selected as the average rate of return on funds invested with the Local Akency Investmen
Fund (LAIF) over the last two years.
RECOMMENDATION
That the City Council approve the attached Resolution
Duan Flynn
Finance Director
Attachment
Resolution
APPROVED
�A
TF40MAS A PETERSON
City Mat -mow J
CC- I
RESOLUTION NO. 92-65
A RESOLUTION OF THE LODI SIT`.' COUNCIL
SETTING PERMIT PARKING FEES FOR PUBLIC PARKING
IN CITY -OWNED PARKING LOTS
WHEREAS. the Lodi City Council is responsible for setting fees to
be charged for public parking permits in City -owned parking lots; and
WHLRLAS, the current permit parking lot fees do not provide for
semi-annual and annual permit sales by providing a discount for permit
purchases made semi-annually and annually;
NOW, THEREFORE, BE IT RESOLVED, that the Lodi City Council does
hereby set the following permit parking fees for public parking in
City -owned parking lots:
Quarterly 530.00
Semi -Annual 554.00
Annua 1 5102.00
Dated: April 15, 1992
I hereby certify that Resolution No. 92-66 was passed and adopted
by the Lodi City Council in a regular meeting held April 15, 1992 by
the following vote:
Ayes: Council Members -
Noes: Council Members -
Absent: Council Members -
Alice �ti, Reimche
City Clerk
RESOLdT `C1, tit}. 92-66
A RESOLUTION OF THE LODI CITY COUNCIL
SUTING PERMIT PARKING FEES FOR PUPLIC PARKING
Ifo CITY -OWNED € PM"Kij1G LOTS
WHEREAS, the Lodi City Council is r'esponsibla for settino fees to
be charged for public parking permit,, in City -owned par4_4,,5 lob and
WHEREAS, the current permit parking lot fees do not provide for
semi-annual and annual permit sales by prov iJinq a discount for pirn. )z,
purchases made semi-4nnually and annually;
NOU. THEREFORE, 8E IT RESOLVED, that the Lodi City Council does
hereby set the following permit parking fees for public parking in
City -owned parking lots:
Quarterly S30,00
Semi -Annual 554.00
Annual S102.00
Dated: April IS, 1992
I hereby certify that Resolution No. 42-66 was passed and adopted
by the Lodi City Council in a regular meeting held April 15, 1992 by
the following vote:
Ayes: Council Membei•s - H# nchrnan, Pennino, Sieglock, Snider
and Pinkerton (Mayor)
Noes: Council Members - None
Absent: Council Members ' None
xb'
Alice M. Reimche
City Clark
RES9266/TXTA.02J