Resolution 2021-030 adopting the Fiscal Year 2021-2022 Rental Charge for the Norton Court Garage

Adopt Resolution 2021-030 adopting the Fiscal Year 2021-2022 Rental Charge for the Norton Court Garage.

The City charges for parking spaces at the Norton Court Garage located on Dolores Street and Fifth Avenue.  The cost of the rental is billed on a quarterly basis by City staff. City Council approved a rate increase to $1,600 a year, or $400 a quarter, on May 5, 2020.  There is a high demand for these spaces and the City is able to impose a charge for entrance to or for the use of local government property, or the purchase, rental, or lease of local government property. The charge for this rental can be set at market rate without being limited to the cost of service.  City staff are currently developing a paid parking program and the rates for the Norton Garage will be reviewed as part of this program.  In the meantime, staff recommends increasing the rent by $100 a quarter for a new quarterly cost of $500 or $2,000 annually starting on July 1, 2021.

There are 37 rental spaces at the Norton Court Garage. The FY 21-22 Recommended Budget includes $59,200 in revenue from the rental of parking spaces.

Council approved the current rent for the Norton Garage on May 5, 2020 (Resolution 2020-030).