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Home My WebLink AboutSS4 - Parking Meter Replacement - PowerPointTOUCH FREE k IL PAYMENTS L IL - k !L y[Hq. � � 1 gnn4a4 O .` Fast &Easy Get Parking Electronic Payment Notifications Receipts a� � - ZONE # 9714 333 Pyr^King Ir�fir�str^uctur�e Re�l�cement O��tio There are 4,100 paid parking spaces generating over $8.2 million dollars in parking revenue annually Payments collected via: 821 Single Space Parking Meters (SSPM) 84 Multi -Space Pay Stations Pay -by -app (e.g. Parkmobile or other service provider) Many of Single Space Parking Meters in the City are becoming increasingly inoperable, resulting in lost revenue and are costly to maintain. This presentation will provide explore replacement options of aging parking equipment. ta�"ttk, 33300 - TOUCH FREE PAYMENT �. Fast &Easy Get Parking " Electronic Payment Notifications Receipts ZONE # 9714 Parking Revenue by Equipment Type ...and trending upwards! July 2020 pay -by -app adoption increased to 30°0 nted to $8.2M in Fiscal Year 2019-20 Historical Context 2011 11268 Single Space Smart Meters Installed (Credit Cards Accepted and provide real-time reporting) Pay -by -App also offered as a payment alternative 2014 Pay Stations replaced staffed parking booths at CdM and Balboa beach parking lots 2016 Consistent with industry trends the City started to reduce reliance on single space meters in favor of multi -space pay stations and pay -by -app which are more cost effective in most situations 2G Cell Service — may no longer being supported by wireless carriers as soon as Dec 2020 Battery Issues — insufficient capacity, meters in shade only work a portion of the day. Manufacturer Support - IPS stopped servicing and providing batteries and other replacement parts. Corrosion - salt and sand work their way into the enclosed electronics. Electronic Failure - approximately 30% of the meters are non -reporting. Most remaining Single Space ,,, Meters are located on the o" Marina .:." \"i_ Part Peninsula but there are some in -y1- orr West Newport on Coast Highway and on street ends Ridge Park i Sr y tP <Aa �17J a r 4 a'sir p H`1 m 3 yp 2 �yC ,/V 00451 NwVW t `C C h W 0 � 2yt Z � ? West Newpart A aril a� 4� ,y M1I�"lreisM1f ile Tit Ill lllg BBSI!! c 9r G i r- 9 SrtJ rlo( 8 I _11NU ST Vf4 tfpC Most remaining Single Space ,,, Meters are located on the o" Marina .:." \"i_ Part Peninsula but there are some in -y1- orr West Newport on Coast Highway and on street ends y Py ?P ,yo Po Newpod Heights P � 4� CLUE " k1Np5 AD t.11l" c fl a" fl. ! L'a r<r> o'roA O 4dalg' R40 5 . f EMr V<n <raC S NO aV0 I-AVNr yrr<E`` w ,6 ss ' C W o, Castaways Park s o< fOG>illwr. C Newport Harbor CapAVI w Balboa Linda Isle v 2 Hubor Island Baylstand VCE 9�r 4 ar<aM1 P//AONr� IG.If, Y F 1<h� E i Sr y tP y Py ?P ,yo Po Newpod Heights P � 4� CLUE " k1Np5 AD t.11l" c fl a" fl. ! L'a r<r> o'roA O 4dalg' R40 5 . f EMr V<n <raC S NO aV0 I-AVNr yrr<E`` w ,6 ss ' C W o, Castaways Park s o< fOG>illwr. C Newport Harbor CapAVI w Balboa Linda Isle v 2 Hubor Island Baylstand VCE 9�r 4 ar<aM1 P//AONr� IG.If, Y F 1<h� E nfrastructure Replacement Crossroads Option 1 -Pros and Cons Pros: Customer convenience and familiarity Least amount of change to general public Meters can be outfitted with sensors for occupancy reporting Preserves coin payment Option Cons: Highest initial equipment cost and monthly transaction costs Cluttered aesthetics of 700 meters on public sidewalks, medians and lots More maintenance requirements Physical collection of coin Replace Single Space Meters Hardware Estimated Estimated Total Purchase Monthly Sign Costs Expenditures Fees (10 yrs) $1,121,750 $988,430 $18,061 $2,118,316 Total Cost of Option 2A Hardware Estimated Estimated Total Purchase Monthly Fees Sign Costs Expenditure (10 yrs) $578,556 $376,240 $172,120 $1,126,916 Total Cost of Option 2B Hardware Estimated Estimated Total Purchase Monthly Fees Sign Costs Expenditure (10 yrs) $867,834 $564,360 $172,120 $1,604,314 Pros and Cons —Options 2A and 2B Pros: Decreased maintenance responsibilities Faster collection process Closed collection system Reduction in street furniture Lower monthly costs Cons: Requires significant signage to communicate payment requirement, potential sign pollution Requires customers to have a greater level of technical sophistication and or training Potential revenue loss from inadvertent non-payment Parking Infrastructure Options Option 1: Replace meters with meters and pay stations o 11 pay stations would replace approximately 121 single space meters in seven areas throughout the City. Leaving 700 single space meters Option 2A: Replace meters with pay stations and Pay by Phone o 54 pay stations would replace approximately 519 single space meters in most areas throughout the City. 302 spaces would be converted to Pay by Phone only. Option 213: Replace meters with more pay stations and Pay by Phone o 81 pay stations would replace approximately 578 single space meters in most areas throughout the City. 243 spaces would be converted to Pay by App only. Funding City sets aside a portion of General Fund parking revenues into an internal service reserve fund for the maintenance and replacement of parking equipment hardware, approximately $400k per year Parking Equipment Fund balance is approximately $2M More than enough to cover equipment and infrastructure costs of options presented Expenditures such as monthly transaction costs are paid from the operating budget that we already pay each year Cost Comparison When saving for replacement of parking infrastructure is no longer required, the City will save an additional $300-400K/Yr. Option 1 Option 2A Option 26 Hardware (7-10 Yr Life) $1,111,825 $ 578,556 $ 867,834 Signage $ 18,061 $ 172,120 $ 172,120 Transaction Costs (10 Years) $ 988,430 $ 376,240 $ 564,360 Total Cost $ 2,118,316 $1,126,916 $1,714,003 $ Cost Savings relative to Option 1 $1,191,400 $ 4041313 Cost Savings relative to Option 1 56% 19% When saving for replacement of parking infrastructure is no longer required, the City will save an additional $300-400K/Yr. QuestQuestions?