HomeMy WebLinkAboutTR-58-98 i
UNFI,NY,Sli 0 . B`USINESS
THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
REPORT
Council
Meeting: File#
Date: June 29, 1998 Res.#
Report#: Tn o Me#: By-law#
Subject:
B.I.A. Parking Proposals & Parking Lot Reserve Fund Activity
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Recommendations:
It is respectfully recommended to Council the following:
1. `THAT Report CD-31-98 be lifted from the table,
2. THAT Council approve Report CD-31-98, and
3. THAT Report TR-58-98 be received for information.
Background:
1.0
At the General Purpose and Administration Committee meeting of June 22, 1998 Council
tabled Report CD-31-98 (copy is attachment#1)for Treasury to prepare a report on the
financial implications of the recommendations put forward by the B.I.A. in their
"Proposal Up-date"(attachment#2).
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1.1
The recommendations by the B.I.A. in their update include a six month freeze on parking
lot charges in two of the Municipal lots and imposing a charge of$2.00 per day on the.
Northern lots. The staff proposal in CD-31-98 suggested a two month freeze on the two
southern lots only which Clerk's Department has calculated as a loss in revenue from
central meters and tickets of approximately$5,100 per month or$10,200 in total. The.
B.I.A.proposal of$2.00/day would add an additional loss in revenue of approximately
$635hnonth to bring the total estimated loss to approximately$11,500.
1.2
The total in the Parking Lot-Reserve Fund at-June.23, 1998 is approximately$425,000
net ofthe prior year commitments and the"anticipated'1998 current budget contribution
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TR-58-98 Page 2
for operating costs associated with Parking Enforcement(approximately$75,000
annually).
1.3
The impact of six months of lost revenue of approximately$35,000 would result in the
Reserve Fund not accumulating funds for future uses. If the pilot proposal were to extend
to future years, the tax base would be impacted for any funding of operational costs
associated with parking type/enforcement issues. In addition, the fund would not
accumulate any further revenues for any planned acquisitions.
1.4
The B.I.A has recommended that the King Street property be acquired for parking. The
Chief Administrative Officer has advised that the Municipality has also been
investigating the potential acquisition of the L.C.B.O.property. The current balance in
the Reserve fund of approximately$425,000 would not have sufficient funds to purchase
these properties. One acquisition,with associated demolition or upgrading costs, could
essentially deplete the existing fund.
1.5
It is recommended that Council consider the recommendations of Report CD-31-98.
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Respectfull submitted, Reviewed by,
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Marie Marano, H.BSc.,AMCT, W.H. Stockwell,
Treasurer. Chief Administrative Officer
Patti B ,
Ucaric
MAM/pp
Attach:
145 0 r� : .;