SUBJECT: APPROPRIATION OF PROPOSITION A FUNDS TO PERMIT CONTINUED DOWNTOWN SHUTTLE OPERATION FOR ONE MONTH

Recommendation:

That the City Council approve the appropriation of Proposition A funds in an amount estimated to be $10,766 for the continuation of the downtown shuttle for one additional month in order to permit time for the City Council to approve downtown parking facility rates.

Background:

The City has been operating a downtown shuttle for approximately one year to remote parking along Upper Pier Avenue in order to offset the parking temporarily lost with construction of the North Pier Parking Structure. The shuttle operation was originally planned to end with completion of the parking structure, however, the City is still completing improvements to Lot B and must establish a new rate structure for on-street and off-street public parking as part of the project. Lot B improvements and establishment of a new parking rate program will be completed in January.

Analysis:

The City has an estimated unappropriated fund balance in the Proposition A fund in the amount of $36,979. The remaining cost for operating the shuttle through the month of January is $17,352. There is currently $6,586 available in the Proposition A account however, an additional appropriation in the amount of $10,766 is needed to cover the total cost.

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