HomeMy WebLinkAboutCD-7-86 TOWN OF NEWCASTLE
r REPORT File # X 3;1, ,_j
Res. #
- By-Law #
MEETING: SPECIAL GENERAL PURPOSE & ADMINISTRATION COMMITTEE MEETING -
1986 BUDGET DISCUSSIONS
DATE: JANUARY 27, 1986
REPORT #: CD-7-86 FILE #: 77.39.2.
WB,F-CT:
PARKING - BOWMANVILLE COMMERCIAL AREA
RECOMMENDATIONS:
1 . That Report CD-7-86 be received for information.
BACKGROUND AND COMMENT:
Members of Council are aware that staff have been discussing the question of parking
and other related matters with the B.I.A. , for more than a year. Further, that staff
have been directed to review the Town's Parking By-law (79-1 ) for the purpose of
having the by-law reflect current conditions. Detailed reports on both the question
of parking in the Bowmanville Commercial Area, and recommended revisions to the
Parking By-law will be presented to Committee for review in late February.
The purpose of this report is to advise that one of the issues to be addressed in
the parking report relates to parking meter rate increases. Present meter inventories
have been examined, and it is staff's opinion that all of the meters can be converted
"in-house" at an estimated cost of $25,000.00. (244 x $100 = $24,400) This represents
a significant saving over having the meters converted by the manufacturer.
While funds will be required to pay the cost of conversion if rate increases are
approved, the cost will not impact upon the 1986 Tax Levy. I am advised, that the
Parking Meter Reserve Account has a balance in excess of $80,000 and any funds required
can be drawn from the reserve account.
Continued . . . . ./2
CD-7-86 - 2 - January 27, 1986
I would, therefore, request that the Committee receive this report for information.
Respectfully submitted,
t
David W. Oakes, B.A. ,A.M.C.T. ,C.M.O. ,
Town Clerk.
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