Parking in Waterloo Region

[Markster]

The City of Waterloo continues to work on the establishment of their Parking Enterprise.
There's a report going to City Council in the Monday meeting packet.

Staff recommend:

1. That Waterloo City Council approve IPPW2016-057
   
2. That proceeds from the sale of any City parking lands be deposited into the Parking Reserve to fund the development of new parking infrastructure and/or maintenance of existing parking infrastructure.
   
3. That Waterloo City Council direct staff to continue to use parking pricing as a Transportation Demand Management tool to foster active transportation and multiple occupant vehicular travel.
   
4. That Council confirm their support of the recommendation of the UpTown Waterloo Parking Strategy identifying the following locations as potential locations for additional future municipal parking supply to facilitate development in the UpTown;
   
   1. Single level parking deck over the Dupont Lot
      
   2. Parking garage on the Waterloo Town Square South Lot
      
   3. Parking garage north of Erb and east of King Street
      
   4. Parking garage on the City Hall parking Lot
      
   5. Single level parking deck over the Waterloo Town Square North Lot
      
5. That beginning in 2018, staff undertake annual parking utilization studies to monitor LRT ridership uptake and its impact on demand for public parking facilities, and at two year intervals commencing in 2023.
   
6. That Waterloo City Council approve $15,000 in funding from the Parking Reserve in 2018 to conduct an updated parking utilization study.
   
7. That Waterloo City Council direct staff to explore partnerships and other opportunities to create new public parking facilities.
   
8. That Transportation Services and Finance provide Council with a financial model for City parking facilities including a growth rate to establish fees and charges for 2018, after the completion of the comprehensive Zoning By-law Review.
   
   1. That the financial model be created to show parking operating and capital expenses funded entirely by user fees.
      
9. That Waterloo City Council freeze parking rates for 2017.
   
10. That Waterloo City Council direct staff to report back with updated financial forecasting data annually when setting parking fees and charges.