HomeMy WebLinkAbout12 - CdM Parking Lot Fee WaiverAgenda Item No. 12
January 24, 2012
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Finance Department
Tracy McCraner, Director
949 - 644 - 3123, tmccraner @newportbeachca.gov
PREPARED BY: Tracy McCraner, Finance Director
APPROVED: C--IL-1A I
TITLE: Corona del Mar (CDM) Coastline Car Classic: Waiver of Parking
Fees @ CDM Parking Lot
ABSTRACT:
The Corona del Mar (CDM) Chamber of Commerce sponsors a classic car show every
September at Big Corona State Beach. 'The coastline car classic is a time - honored
event held in CDM for family, friends and car enthusiasts. The CDM Chamber has
requested to enter into an agreement with the City of Newport Beach to pay a reduced
rate for parking that would equate to a comparable rate earned for use of the CDM
parking lot during a non -peak season event. The City Manager would like to provide
this discount, which would not lower expected revenues in the lot, but does require a
waiver of the $15 per vehicle flat rate as approved by Council in May, 2010. The car
show requests approximately 200 spaces on Saturday and 300 spaces on Sunday. The
waiver would be approximately $7,500.
RECOMMENDATION:
Staff recommends that Council approve the waiver of approximately $7,500, as the
event is held in September, after our peak summer season.
FUNDING REQUIREMENTS:
CDM Chamber would agree to pay a reduced rate for the lot, one that would equate to a
similar value to the City.
DISCUSSION:
The CDM Chamber hosts the coastline car classic in September each year. This
motorsport event showcases the elegance, craftsmanship, and beauty of the most
distinguished and unique automobiles in Southern California, and is attended by
Corona del Mar (CDM) Coastline Car Classic: Waiver of Parking Fees @ CDM Parking Lot
January 24, 2012
Page 2
thousands of visitors and residents each year. The City has been working with the
CDM Chamber to identify a reduced rate for use of the CDM parking lot during xhe car
show weekend. The Council- approved cost to use the parking lot is $15 /day per
vehicle. However, the event is held during the third weekend in September which
occurs after our peak busy summer season. The City Manager has negotiated a
reduced rate for the lot as identified in a side letter agreement and discussed below.
"The Corona del Mar (CdM) Chamber of Commerce hereby agrees to payment of fees
for the two -day (Saturday and Sunday) use of a portion (described by the number of
parking spaces) of the City's Corona del Mar State Beach parking lot for its annual
Classic Car Show held during September. Fees shall be calculated by charging an
amount equal to the revenue collected by the City during a two -day (Saturday and
Sunday) time period one week after the date of the Car Show of the prior year. The City
agrees to waive its standard fee of $15 per parking space in lieu of the formula above."
ENVIRONMENTAL REVlEtftf:
Staff recommends the City Council find this action is not subject to the California
Environmental Quality Act ( "CEQA ") pursuant to Sections 15060(c)(2) (the activity will
not result in a direct or reasonably foreseeable indirect physical change in the
environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378)
of the CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3, because it
has no potential for resulting in physical change to the environment, directly or
indirectly.
NOTIUNG:
The agenda item has been noticed according to the Brown Act (72 hours in advance of
the meeting at which the City Council considers the item).
Submitted by:
Tracy M` �aner
Finance l3t�ctorlTreasurer
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