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clOt OF SAN BI!RNARDO>> - RI!QUI!O' FOR COUNCIL ACTQN
From: CENTRAL CITY PARKING PLACE
clM'lr1J.lDIDH/~bject:
1984 D6 . OFF.
C 18 PH 3: 39
Amendment - Municipal
Section 56.290 - Cash
Parkinq District
Code Chapter 19,
In-Lieu Fee,
Dept:
Date: December 17, 1984
Synopsis of Previous Council action:
July, 1981 ------------ Section 56.290, Chapter 19 of Municipal Code adopted.
May 9, 1979 ___________ Resolution 79-193, Mayor and Common Council set the
Cash In-Lieu fee at $3,000 per space for the calendar
year 1979.
Recommended motion:
1. That the present Code, Chapter 19, Section 56.290, be
amended to reflect the cost of Cash In-Lieu fee based on
the market value at the time; subject to ne90tiation,
which may take in participation by 90vernment bodies.
2. That the City Attorney be directed to amend Section
Section 56.290, Chapter 19, accordingly and that the
amendment be reviewed by the Parking Place Commission and
Le9islative Review Committee.
cc: John Matzer, Jr., City Admin.
Ralph Prince, City Attorney
George Webster, Chairman, PPC
/~47k~
-0 Signature
Supporting date attached: Staff Report
Ward:
5116
1
Contact penon:
Peter H, Liu
Phone:
FUNDING REQUIREMENTS:
Amount:
None
Source:
Finance:
Council Notes:
75-0262
Agenda Item No ~
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PROPOSED CASH IN-LIEU FEE
METHOD 1: UNIT COST
UNIT COST PER PARKING SPACE:
Acquisition $ 12.00/Sq. Ft.
Demolition $ 1.50/Sq. Ft.
Improvement $ 2.50/Sq. Ft.
$ 16.00/Sq. Ft.
AVERAGE AREA PER PARKING SPACE:
425 Sq. Ft.
CASH IN-LIEU FEE (1984) - Unit Cost x Area
= $16.00 x 425
= $6,800.00
METHOD 2: CONSUMERPRICE'INDEX
CURRENT CASH IN LIEU FEE (1979)
CONSUMER PRICE INDEX (1979)
CONSUMER PRICE INDEX (1984)
= $3,000.00
= 213.7
= 292.7
CASH IN-LIEU FEE (1984) = 3000 f 213.7 X 292.7 = $4,109.03
say, $4,100.00