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HomeMy WebLinkAbout2025-331-06.02.2025.docDocusign Envelope ID: F820E014-BAB8-4D39-8EF1-5AFD754AD52C Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2025-331 RESOLUTION AMENDING RESOLUTION NO. 2025-178, ADOPTED ON MARCH 17, 2025, ADDRESSING ON -STREET AND PARKING RAMP RATES. WHEREAS the City Council of the City of Waterloo adopted Resolution No. 2025-178 on March 17, 2025, establishing rates for on -street parking and parking ramps; and WHEREAS, it has become necessary to amend these rates based on recent economic evaluations, operational costs, and community feedback to better serve the needs of residents, businesses, and visitors; and WHEREAS, adjusting these rates is essential to maintaining the financial sustainability and operational efficiency of the city's parking infrastructure; NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, 1. The on -street and parking ramp rates as established in Resolution No. 2025-178 are hereby amended. Revised rates are detailed in Exhibit A, attached hereto and incorporated by reference as part of this Resolution. 2. The City shall ensure effective public communication about these rate changes through multiple channels to ensure residents and users are adequately informed prior to implementation. PASSED AND ADOPTED this 2nd day of June 2025. ATTEST: Signed by: ,,,,„,,,. c,„,,, 7561 D3A01 C89494... LeAnn M. Even, Deputy City Clerk SEAL V D052s 8AA 8 49... Quentin art Mayor L DocuSigned by: ,u,A{iw hint Docusign Envelope ID: F820E014-BAB8-4D39-8EF1-5AFD754AD52C Resolution 2025-331 Page 2 EXHIBIT "A" 1. Adoption of Parking Fee Schedule Effective May 1, 2025, the following parking fee schedules shall be implemented for all city - owned parking facilities: Parking Kiosks First Hour: Free/Courtesy Per Plate/Per Day Thereafter: $1.00/hour $2.00/hour after 4 hours Special Event Ramp Rates $5.00 event parking Note: No free parking during events Parking Ramps Rates First Hour: Free/Courtesy Per Plate/Per Day Subsequent Hours: $1.00/hour Cap: $6.00 maximum per day, regardless of the total number of hours parked Lost Ticket/ Daily Rate in Ramps: $6.00 All Parking Ramp Subscription Rates Reserved Spot Subscription: $50.00 per month General Permit Subscription: $35.00 per month Discounts for Multiple Parking Subscriptions For 3-7 subscriptions: 5% For 8-12 subscriptions: 10% For 13-17 subscriptions: 15% For 17-50 subscriptions: 20% For over 50 subscriptions: 25% Annual Billing Discount: 10% Implementation and Administration 2. The City Traffic Department shall oversee and ensure the implementation of this schedule, including the installation and maintenance of necessary signage and kiosks.