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SR-417-005 (16) STAFF REPOT{T Santa ~ca, Callfornla t-j/?--oos-- 8. ~ , - CA:SSS:LEC:~ Counell Mee~ 06/24/80 TO: ~ayor and C1ty CounCll JUN 2 4 19BO FRO!I: C1ty Attorney SUBJECT: lncreas1ng on-street parklnq meter rates in Zone A INTRODUCTION Th1S report transMits for flrst readlng a proposed ord1nance lncreas1ng on-street parklng meter rates In Zone A (Santa ~onlca Mun1clpal Code 3393). The proposed ordinance was requested by Staff as Item 6-0 and approved by Councll at the May 27, 1980 neetlng. BACKG"ROUND Zone A as set forth In Santa Monlca Hunlclpa1 Code Seetlon 3393 lS bounded by Ocean Avenue, Llncoln Boulevard, Callforn1a Avenue and Colorado Avenue. The present parklng meter rate 1n 7.oDe A 15 51xty (60) mlnutes for ten (10) cents. The proposed ord1nance w1ll ralse thlS rate to Slxty (60) minutes for twenty f1ve (25) cents. Th1S wlll requlre an expend lture of S 60,000 from the Parking ....1eter Fund for the replacement of 934 park1ng Meters in thlS zone. However, the C lty h'lll rea 112e thlS a.r1ount ln less than one year of operat1on at the 1ncreased rate. ALTER:ilATIVES The Council May accept, reject or aMend the proposed ordinance. REC O~.l.'''IENDA T I ON It 15 respectfully reco~mended the C1ty Counell lntro- duce thlS ord1nance ra1slng ~arklng meter rates ln ln Zone A frOM ten cents to twenty f1ve cents per hour. A ~esolutlon allo- catlng funds to thlS proJect T^nll be presented at the second readlna. Stephen Sha~e Stark ~ay DaV1S ~13. Stan Scholl Lyn Beckett Cacclatore JUN 2 4 19S0