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HomeMy WebLinkAboutOrdinance 22290-06-2016 ORDINANCE NO.22290-06-2016 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE PARKING GARAGES PROGRAMMABLE PROJECT IN THE MUNICIPAL PARKING RESIDUALS FUND IN THE AMOUNT OF $186,278.55,FROM AVAILABLE FUNDS, FOR THE PURPOSE OF FUNDING MUNICIPAL PARKING CAPITAL IMPROVEMENTS IN FISCAL YEAR 2016 AND REDUCING RESERVES IN THE MUNICIPAL PARKING CAPITAL PROJECTS FUND BY THE SAME AMOUNT; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. That in addition to those amounts allocated to the various City departments for Fiscal Year 2015-2016 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Parking Garages Programmable Project in the Municipal Parking Residuals Fund in the amount of $186,278.55, from available funds, for the purpose of funding Municipal Parking capital improvements in Fiscal Year 2016, and reduced funds in the reserves of the Municipal Parking Capital Projects Fund in the by the same amount. SECTION 2. That should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void for any reason by a court of competent jurisdiction, such decision, opinion or judgment shall in no way impair the remaining portions, sections, or parts of sections of this ordinance, which said remaining provisions shall be and remain in full force and effect. SECTION 3. That this ordinance shall be cumulative of Ordinance No. 21873-09-2015 and all other ordinances and appropriations amending the same except in those instances where the provisions of this ordinance are in direct conflict with such other ordinances and appropriations, in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed. SECTION 4. This ordinance shall take effect upon adoption. APPROVED AS TO FORM AND LEGALITY: f Jessica Sa ng,Assistant City Attorney M4y J. Kays i e tary ADOPTED AND EFFECTIVE: June 28,2016 Ordinance No.22290-06-2016 Page 1 of l FORTWORTH, Municipal Parking 3 Year Capital Improvement Plan FY2016-2018 6.23.2016 Municipal Parking 3 Year Capital Improvement Plan FY2016-2018 BACKGROUND/HISTORY: The Municipal Parking Fund (MPF) is under the direction of the Fort Worth Municipal Parking Program in the Transportation and Public Works Department. The MPF funds parking facilities that support the parking needs of the Will Rogers Memorial Center(WRMC),the Fort Worth Convention Center(FWCC) and the City Hall Complex (CHC) as well as the general public parking needs in the Central Business, Cultural, Hospital and University Districts.The MPF includes four garages: Western Heritage, Houston, Commerce and Taylor; 20 surface lots;and 2,700 on-street metered parking spaces. In total the MPF manages over 11,000 parking spaces. The MPF is supported by fees paid by the users of metered spaces,surface lots, parking garages and the lease of retail office space. The combined revenue stream across these assets at existing rates is just sufficient to cover operational costs and to service debt. All fines associated with parking tickets are deposited to the General Fund in support of the Municipal Court. In FY 2015 the MPF generated $7,334,000 in revenue with the Public Events-related operation accounting for 64%of MPF total revenue.The parking facilities supporting Public Events operate at a net loss greater than $950,000 per year, including debt,which is offset by the net surplus generated from Parking Meters and the Taylor Street Garage. The percentage share from a revenue operation source is as follows; • Transient Parking-53% • Parking Meters-30% • Monthly Parking—11% • Contract Parking—4.2% • Leases&other-1.8% Additionally in FY 2016, projected expenses by the MPF were allocated as follows: • Debt Service—58% • Operational Expenditures -42% Operating expenses include the contract with SP Plus, parking ambassadors who write 80%of all parking tickets, parking administration,facilities maintenance, bank fees and utility fees. 1 Municipal Parking 3 Year Capital Improvement Plan FY2016-2018 DEBT SERVICE: The annual debt service payment schedule currently consists of three separate bond issues with FY2016 payment allocations as follows: Project Series 2007—Houston 2009—Western 2010A-Parking Total Street Garage Heritage Garage Stations,Security, Elevator Renovation Term 26 Years 25 Years 10 Years FY2016 Debt $ 1,535,175 $ 2,287,689 $ 235,750 $ 4,058,614 Service Budget Obligation $20,935,000 $27,135,000 1 $1,955,000 1 $50,025,000 The total annual debt payment scheduled for FY2016 is$4,058,614.00. In FY2016 the 2007 and 2009 obligations were refinanced which will provide relief in debt payments starting in FY2020.The City realized over$8.3 million in net present value savings from the refunding of the Parking obligations. Estimated annual savings associated with the debt refinancing is expected to be in excess of$800,000 per year through the end of the term compared to the original schedule prior to being refinanced.The savings from this action could be reserved for future capital maintenance of the existing parking facilities or to maintain parking rates at WRMC after the implementation of the venue parking tax. CAPITAL STRATEGY: The need for capital improvement is fundamentally driven by the need to do the following; • Improve operational efficiency which reduces operating cost • Better customer service,shorter process times and improved access to real time information. • Generate additional revenue The MPF's 2016-2018 CIP invests in 3 general categories: • Will Rogers Memorial Center Parking System Projects focus on improving the customer parking process taking into consideration the wide variety of needs (recreational vehicles,trailers,farm vehicles, buses,commercial rigs)in this multi-purpose event center including cultural,sporting,equestrian,and livestock events serving in excess of 2 million visitors per year. • Fort Worth Convention Center Parking System Projects focus on improving the customer parking process(garage automation, multiple payment modes, use of technology to cut process times in periods of high demand)for the Convention Center Facility where the focus is on conventions, meetings and exhibits. • Municipal Parking Operations 2 Municipal Parking 3 Year Capital Improvement Plan FY2016-2018 Projects focus on maximizing and improving the use of scarce on-street parking resources and off-street garages and lots (payment technology,occupancy detail and guidance technology)and simplifying and shortening all aspects of the customer parking process. AVAILABLE CAPITAL FUNDS: 2007 Series—Houston Street Garage 2007 CO Sale(G-15572) $22,030,000 2007 Transfer from Culture and Tourism (C-22184) $ 3,254,463 2008 Transfer from Culture and Tourism (G-16071) $ 400,000 Garage Construction ($23,715,624) Payment of 2013 Debt ($ 1,530,001) 2007 CO Debt Defeasance (2016) ($ 438,838) Sub-Total $ 0 2009 Series—Western Heritage Garage CO Sale(G-16355) $27,135,000 Garage Construction ($19,019,288) Gendy Street Beautification ($ 938,016) Harley Street Relocation ($ 1,493,802) Parking Automation at Will Rogers Memorial System ($ 2,233,407) Cost of Issuance&Capitalized Interest ( $2,711,167) 2009 CO Debt Defeasance(2016) ( $739,320) Sub-Total $ 0 Municipal Parking Fund Parking Fund Cash (Unspecified Capital Funds)* $1,530,001 Houston Street Garage Retail Renovation ($ 520,416) Sub-Total $1,009,585 *In 2013,funds budgeted for debt service were transferred to Unspecified Capital for the potential future finish out of lease space. Remaining debt proceeds were used to make that year's debt service instead. CO2010A—General Municipal Parking 2010 Sale(G17045 & 17074) $2,120,000 01657-Commerce Street Elevator Renovation ($ 349,552) 01713-Commerce Street Parking Renovation ($ 508,329) 01658—Security systems for garages ($199,594) 01655-Pay and Display Meters ($ 876,247) Sub-Total $ 186,279 Fatal ftmaining Balance $► ► " 3 Municipal Parking 3 Year Capital Improvement Plan FY2016-2018 SUMMARY OF PLANNED EXPENDITURES: Location 2016 2017 2018 Total Gate 42 WRMC $341,578 $ 341,578 Installation/Fiber/Cameras POS Handheld Units WRMC $85,000 $ 85,000 Commercial Retail Space HSG $200,000 $239,007 $ 439,007 Development Pay on Foot Stations HSG $74,000 $ 74,000 Handheld POS Units (4) HSG $40,000 $ 40,000 Flex-Scan Readers HSG $30,000 $ 30,000 Sub-Total $1,009,585 West 7th/Cultural District Parking $30,000 $76,279 $ 106,279 Stations Taylor Street Garage TSG $40,000 $ 40,000 Automation Enforcement Handheld Units— $30,000 $10,000 $ 40,000 Automated Tickets Sub-Total $ 186,279 Total $1,195,864 Detailed Will Rogers Memorial Center Parking System Improvements: The parking facilities at WRMC encompass approximately 5,800 spaces. The primary function of the parking facilities is to serve the parking needs of the scheduled events at WRMC and the adjacent museums. Multiple studies completed on the parking system identified a parking deficit at WRMC. In 2008,an analysis by Walker Consulting confirmed a deficit of 1,714-5,795 parking spaces on the campus. On October 7, 2008(M&C G-16310), City Council authorized the sale of certificates of obligation for the construction of a new parking garage and other parking improvements at WRMC to improve access to the Cultural District facilities including the new Museum of Science& History. Parking fees were implemented upon the completion of the garage to service the debt for the parking improvements. Parking fees at the WRMC are collected and retained by the City for 11 months of each year,as the Stock Show retains parking revenues generated during its show. The Western Heritage Parking Garage opened in 2010. The construction of the seven-level garage of 1,117 parking spaces also included campus-wide parking system improvements, utility relocation,and public art. The total cost for garage and improvements was$27,135,000(C-23328) leaving additional funds of$739,319 after completion of all construction related activities.The remnant amount was used 4 Municipal Parking 3 Year Capital Improvement Plan FY2016-2018 to pay debt and the 2009 CO was refinanced in FY2016 with considerable savings for the remaining debt at lower interest rates. The upcoming development of the new arena next door to the WRMC will enable Fort Worth to become more competitive for larger events like concerts and athletic competitions.The new arena, and the associated loss of the Harley lot in FY2017,will likely drive additional demand to the WRMC parking system which may also require improvements to the existing parking equipment infrastructure.A review is underway regarding the existing parking rate structure in order to accommodate the new venue taxes associated with the arena as well as the existing debt load of the Western Heritage Garage. In preparation,the system improvements described below are recommended. Gate 42 Improvement With the implementation of the new Trail Drive from Montgomery to University,the Stock Show added Gate 42,for livestock and trailers,as well as Gate 44, pedestrian,to the campus to improve access. While Gate 42 and 44 have been successful new additions to the WRMC Campus it has created a "hole" in the PARCS system since there is no technology at Gate 42. When Gate 42 is open for equestrian or livestock events it must be staffed to ensure the collection of the appropriate revenue for the parking system. In 2015 the labor cost to operate that gate exceeded 7,500 man hours at a cost of greater than $75,000.With automation,the reduction in labor costs based on the 2015 figures will be in excess of 3500 man-hours equivalent to greater than $38,500 per year with an ROI of less than 9 years. With the implementation of the proposed parking technology, Gate 42 would be open the majority of the time;this would help to divert truck and trailer traffic off Montgomery and University and reduce that traffic at Burnett-Tandy and Gendy,adding value in terms of time and utility for the customers of the WRMC.The parking improvements would include a steel removable island on which the parking equipment would be installed, an in ground vault for the electric and communication needs as well as removable bollards that will be used to direct traffic flow.The cost for the Gate 42 improvements is estimated to be$341,578. Handheld Electronic Remote Point of Sale(POS) Units The WRMC Parking system has a number of high demand days for parking which necessitates the conversion of the payment system from "pay on exit"to"pay on entrance".The use of handheld Point of Sale (POS) units significantly reduces the process time on entrance to the facility.The current handhelds have proved to be ineffective and inconsistent, leading to dropped transactions and issues with reconciliation of data. The cost of the new system involves replacement of 10 cellular handheld units, licenses,software modules and additional pieces such as holsters, boots, spare batteries, chargers and installation charges.The cost of these units is estimated at$85,000. 5 Municipal Parking 3 Year Capital Improvement Plan FY2016-2018 Detailed FWCC Parking System Improvements: The parking system at the FWCC consists of two multi-level parking garages,the Commerce Street Garage(CSG) and the Houston Street Garage(HSG). The CSG was purchased from Tarrant County in 1997,the six-level garage has 750 parking spaces. In 2013,the exit and entry traffic flow was reversed and the parking technology was upgraded to improve efficiencies and reduce costs in operating the parking facility.The CSG is currently undergoing a Facility Condition Review which may result in a number of findings that recommend additional action for the medium to long term. Results of this review should be available by the end of FY 2016 and could potentially be funded by savings from debt refinancing or future fee schedule adjustments. The HSG has 1,054 parking spaces on eleven levels and provides parking for Fort Worth Convention Center,overflow parking for Omni Fort Worth Hotel and monthly parking. The cost of facility was $22,907,505 (C-22184)funded with certificates of obligation and debt service supported through the MAPF and $5,400,000 cash paid from the Culture&Tourism Fund. Construction began in September 2007 and was completed in January 2009. In March 2015 improvements were made to the west side of the HSG retail space that included the interior condition of the building which consists of heating/cooling delivery systems, lighting, base electrical infrastructure, lavatories, a finished ceiling,sprinkler system and walls that are prepped for painting.The cost of this project was$520,415.57. Unspent bond proceeds were used to pay scheduled annual debt service in the MPF thus enabling the use of regular allocated debt payment funds which did not have bond restrictions for this project. (M&C G-17813). This payment strategy ensured compliance with the tax exempt status of the 2007 CO series bond proceeds. Houston Street Garage Improvements: Commercial Retail Space Development To continue the work already done on the west side retail space and to aid in the completion of the east side retail space, $439,007.43 has been identified within the remaining funds in the Municipal parking unspecified for this purpose. The development and subsequent lease of the Houston Street Garage east side retail space and the lease of the west side retail space are the final steps to be completed to start realizing a revenue stream from the lease of the 18,000 SF of space in the Houston Street Garage. To that end, a Request for Proposal (RFP) is in the final stages of development which will result in the selection of a property management and commercial retail marketing company that will market this space. This RFP is scheduled to be completed and the vendor selected by October 1, 2016. Net revenue from this operation would be another source to support the MPF in the effort to pay down and service debt and potentially reduce the need to increase parking rates in the garages which support the Convention Center. 6 Municipal Parking 3 Year Capital Improvement Plan FY2016-2018 Pay on Foot Payment Stations In October of FY2015 the HSG's two Pay on Foot Stations were vandalized These pay stations enabled parkers to pay for parking at a time convenient for the parker prior to returning to their car.The original stations both processed cash and credit payments; however the cost of each unit plus installation is $110,000.The recommendation is to replace these units with two units, one that can process cash and credit and the other strictly credit,for a combined cost of $74,000. Handheld Electronic Remote Point of Sale(POS) Units The Houston Street Garage has a number of days where there is a very high demand for parking which necessitates the conversion of the payment system from "pay on exit"to "pay on entrance".The cost of the new system is$40,000 involves 4 cellular handheld units, licenses, software modules and additional pieces such as holsters, boots, spare batteries,chargers and installation charges. Flex-Scan Readers These readers are omnidirectional image scanners and can read barcodes from a variety of media. Current barcode technology is outdated and offers a multiple step process that requires the customer to execute a number of steps to complete each transaction thus lengthening the cycle time. New readers will retrieve additional data such as serial numbers,expiration dates and other information to accommodate a variety of options such as online parking coupons to allow at home printing or coupon potential at exit,electronic mobile passes or pre-printed passes for special events with a defined life span. The addition of this technology to the Houston and Commerce St Garages would be a huge benefit to our customers.The cost of this system is $30,000. Detailed Municipal Parking Services Improvements: The Municipal Parking Services consists of the Parking Meter Operation, Parking Compliance,Taylor Street Municipal Garage and Surface Lots. On September 14, 2010, City Council adopted an ordinance for the issuance of revenue certificates of obligation,series 2010A. The MPF identified a number of capital improvement projects for funding within the series 2010A obligation, reference M&C G-17045. Projects completed include: • Security and Surveillance camera system at the Houston Street Garage • Renovation of the elevators at the Commerce Street Garage; • Automation and flow reversal of the Commerce Street Garage and • Credit Card Pay Stations program for on-street parking meters. 7 Municipal Parking 3 Year Capital Improvement Plan FY2O16-2018 West 7th/Cultural District/Credit Card Pay Station Expansion The recent growth in the past five years in the Cultural District, Hospital and University District as well as the Central Business District requires new parking infrastructure to enable more efficient allocation of scarce on street parking resources.The first step in this process is installation of pay stations in these areas,a sustainable and highly effective space allocation process. Funds are slated for the installation of pay stations in this area covering about 150 spaces and costing$104,OOO.This expansion will return in excess of$100,000 in net revenue per year. Automation of the Taylor Street Garage An addition of a control system solution to the Taylor Street garage is necessary.This is an open garage with no control solution and requires a significant amount of oversight, enforcement and customer service.The addition of gates with proximity card access for monthly and authorized parkers will eliminate a significant amount of time spent on customer service, administrative and enforcement related activities.The projected cost is$40,000.00.This investment will lead to an estimated cost avoidance of$6,000.00 per year and an ROI of less than 7 years. Parking Enforcement Handheld Electronic Ticket Writer Units Implementation of a new citation system will replace paper based ticket writing with electronic citation units that can transfer citation information instantaneously to the Municipal Court and shorten the citation process from multiple weeks to within an hour.The estimated cost of this project is $40,000.The transition to these units will also improve the accuracy throughout the citation process with preloaded detail that will reduce the process time of each citation all the way through the process also improving accuracy of information in the Court compilation process.The addition of these units in the field will effectively reduce the citation writing process which will lead to at least a 5% reduction in the citation documentation process. LOOKING TO THE FUTURE In FY2016-2017,the MPF will develop a master plan.The updated master plan will seek to optimize program effectiveness by ensuring that on-street and off-street parking requirements are realistic, prioritized and consistent with community needs and desires. In some key parts of Fort Worth it is becoming increasingly hard to find an available parking space.As the city grows and development increases in neighborhood mixed-use centers and corridors,the demand for on-street parking spaces is projected to grow. Among the most significant parking problems that are not addressed by the current 3-year CIP are those in:the Stockyards area,the University/West Berry Street area,the Greater Southside/Hospital District and the Greater Cultural District area including the West 7th corridor. 8 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 6/28/2016 - Ordinance No. 22289-06-2016, 22290-06-2016 & 22291-06-2016 DATE: Tuesday, June 28, 2016 REFERENCE NO.: **G-18772 LOG NAME: 20MUNICIPAL PARKING CIP SUBJECT: Approve Municipal Parking Fund Three Year Capital Improvement Plan, Adopt Appropriation Ordinances and Authorize Necessary Transfers (COUNCIL DISTRICTS 7 and 9) RECOMMENDATION: It is recommended that the City Council: 1. Authorize transfer to the Municipal Parking Debt Service Fund any funds remaining unspent from proceeds associated with debt that is subject to previously approved restructuring; 2. Adopt the attached appropriation ordinance increasing receipts and appropriations in the Municipal Parking Debt Service Fund by $1,200,000.00, from unspent debt proceeds, for the purpose of completing actions necessary to consummate previously approved debt restructuring; 3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Will Rogers Memorial Center (WRMC) Gate 42 Automation Project of the Municipal Parking Capital Projects Fund by $426,578.00 and in the Parking Garages Programmable Project of the Fund by $583,007.43, from available funds, for the purpose of funding Municipal Parking capital improvements in Fiscal Year 2016, and reducing reserves in the Municipal Parking Capital Projects Fund by $1,009,585.43; 4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Parking Garages Programmable Project of the Municipal Parking Residuals Fund by $186,278.55, from available funds, for the purpose of funding Municipal Parking capital improvements in Fiscal Year 2016, and reducing reserves in the Fund by the same amount; and 5. Approve the attached three year Capital Improvement Plan for the Municipal Parking Fund for Fiscal Years 2016-2018. DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to (i) reallocate previously appropriated capital funds from debt proceeds to the debt service funds and to appropriate those dollars and other unspent debt proceeds to allow consummation of previously approved debt restructuring that will achieve substantial debt service savings to the City's parking system; (ii) approve the use of other unrestricted dollars for Municipal Parking spending plans for capital improvements for the current year; and (iii) outline the plan for future years' improvements. In December 2015, the City Council approved M&C G-18625, which appropriated funds for various City Capital Improvement Plans for Fiscal Year 2016, including an allocation of$753,000.00 in the Municipal Logname: 20MUNICIPAL PARKING CIP Pagel of 4 Parking Capital Fund for projects to enhance the City's parking facilities, in particular improvements at Will Rogers Memorial Center (WRMC) Gate 42. Funds allocated to parking improvements consisted of revenues from the sale of Series 2009 certificates of obligation (COs). In May 2016, the City Council authorized the refunding of the 2009 COs in connection with this year's debt sale to achieve savings (M&C G-18736). In order to refund the COs, all remaining unspent proceeds must be transferred to debt service to reduce outstanding principal prior to the closing of the refunding. Approval of the first and second recommendations will complete these actions, allowing the City to realize over$13 million in net present value savings from all of the debt being refunding by general obligation debt, a substantial portion of which is attributable to the parking system. However, approval of those actions will eliminate the appropriation of$753,000.00 to the Municipal Parking Capital Fund that was made in M&C G-18625. The remaining recommendations in the current M&C will appropriate $1,009,585.43 from income in the Municipal Parking Fund (MPF) generated through the parking operation to the previously planned improvements at WRMC Gate 42 and also make parking system improvements at other locations as detailed below. The MPF is supported by the revenue generated from the fees paid by the use of metered spaces, surface lots, parking garages and the lease of retail office space. The combined revenue stream across these assets at existing rates is just sufficient to cover operational cost and service debt. The development of the MPF via the improvement of facilities and infrastructure is critical to keep the fund's service offerings competitive and relevant to the public. Fiscal Year 2016 Capital Improvement Plan is a three year plan that includes 9 projects in three operational areas: WRMC Parking System •Automation of Gate 42: The improvement plan for Gate 42 is geared at meeting the diverse needs of the WRMC core customer base. The equestrian and livestock events require a significantly different configuration than the typical vehicular portal and around the clock staffing at certain times of the year. The automation of this gate will further meet the needs of the WRMC client base and reduce long-run labor costs typically used in staffing this portal. • Electronic Handheld Units-Point of Sale: The use of handheld Point of Sale (POS) units significantly reduces the process time on entrance to the WRMC parking facilities especially in times of the highest demand for parking. Fort Worth Convention Center Parking System • Development of the west and east side Commercial Retail space: City will complete 16,000 square feet of space on the first floor of the Houston Street garage to enable lease of that space by commercial entities in retail or restaurant businesses. • Electronic Handheld Units-POS: The use of POS units significantly reduces the process time on entrance to the downtown parking facilities especially in times of the highest demand for parking. • Flex-Scan Readers: City will institute the use of infra-red bar code readers. The addition of these readers in the Houston and Commerce Street Garages will be a huge benefit to multiple day/entry customers, which are typical with multiple day conferences. • Pay On Foot Pay Stations: These stations will enable transient parking customers to prepay using cash or credit card prior to exit and effectively shorten process time, especially in times of high demand. On Street/Other Municipal Parking Systems Logname: 20MUNICIPAL PARKING CIP Page 2 of 4 • Pay Station Expansion: City will add pay stations with multiple payment modes in areas of the highest demand for on street parking, including the Central Business and Cultural Districts. •Gated Control &Automation - Taylor Street Garage: The addition of gates with proximity card access for monthly and authorized parkers will improve the quality of service to parking customers and will eliminate a significant amount of labor spent on customer service, administrative and enforcement related activities. • Handheld Citation Electronic Units - Parking Compliance: Implementation of a new citation system will replace paper based ticket writing with electronic citation units that can transfer citation information instantaneously to the Municipal Court and effectively shorten the total citation process time from multiple weeks to within a few hours. These projects are located in COUNCIL DISTRICTS 7 and 9. This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendations, funds will be available in the current budgets, as appropriated, of the Municipal Parking Debt Service Fund, the Municipal Parking Capital Projects Fund and the Municipal Parking Residuals Fund. Description �Appropriations Amount of Remaining Transfer Appropriation Municipal Parking $1,195,863.98 $1,195,863.98 $0.00 Capital Projects Fund (59451) and Municipal Parking Residuals Fund FUND IDENTIFIERS IFIDs,�: TO Fund Department Account Project ProgramActivity Budget Reference # Amount ID ID Year Chartfield 2 54502 0200431 4954501 100140 2016 $426,578.00 54502 0200431 100140 2016 $426,578.00 54502 0200431 4905401 P00008 2016 583,007.43 54502 0200431 P00008 2016 583 007.43 54504 0200431 4905410 P00008 2016 186 278.55 54504 0200431 P00008 2016 186,278.55 FROM Fund Department Account Project ProgramActivity Budget Reference # Amount ID ID Year Chartfield 2 594511 0200431 4954501 UNSPEC UN0700 1,096,668.44 ,594511 0200431 4905401 UNSPEC C00780 $99,195.54 CERTIFICATIONS: Submitted for City Manager's Office by: Jay Chapa (5804) Originating Department Head: Douglas W. Wiersig (7801) Logname: 20NIUNICIPAL PARKING CIP Page 3 of 4 Additional Information 'Contact: Peter Elliott (7977) Logname: 20MUNICIPAL PARMNG CIP Page 4 of 4