City of Racine - File #: 12-7825

• File #: 12-7825
• Version: A
• Name: (Direct Referral) Communication from the Transit and Parking System Manager submitting a review of strategic options for maintaining the financial independence of the Racine Parking Utility as recommended by the recent consultant's report.
• Type: Communication
• Status: Passed
• File created: 6/15/2012
• In control: Transit and Parking Commission
• Final action: 7/2/2012
• Title: Subject: (Direct Referral) Communication from the Transit and Parking System Manager submitting a review of strategic options for maintaining the financial independence of the Racine Parking Utility as recommended by the recent consultant's report. Recommendation of the Transit and Parking Commission on 06-20-12: To receive and file the communication and instruct staff to prepare a menu of parking rate and forfeiture increases that will allow the Parking Utility to operate independently of taxpayer support while accommodating for inflation and putting aside funding to partially fund the cost of ramp depreciation through 2021. Fiscal Note: Fiscal impact to be determined at next meeting.

Date	Ver.	Action By	Action	Result
7/2/2012	A	Common Council	Approved as Presented	Pass
6/20/2012	A	Transit and Parking Commission	Recommended to be Received and Filed

Title

Subject: (Direct Referral)  Communication from the Transit and Parking System Manager submitting a review of strategic options for maintaining the financial independence of the Racine Parking Utility as recommended by the recent consultant's report.

Recommendation of the Transit and Parking Commission on 06-20-12:  To receive and file the communication and instruct staff to prepare a menu of parking rate and forfeiture increases that will allow the Parking Utility to operate independently of taxpayer support while accommodating for inflation and putting aside funding to partially fund the cost of ramp depreciation through 2021.

Fiscal Note:  Fiscal impact to be determined at next meeting.