FY2022

Near Southside. A formula is used to determine the amount of required off-street parking and the amount of required parking impact fee. The Neighborhood & Development Services department collects the fee, which may be paid in three installments, with the first installment due before the certificate of occupancy is issued. No funds are currently being held because of this impact fee. During fiscal year 2015, the 2009 Parking Revenue bonds was defeased early which eliminated the parking revenue bond’s debt service payments. The Parking Fund borrowed just under $2.5 million from the Landfill Cell Replacement Reserve to assist in the early defeasance. The following is a summary of that loan:

Principal Outstanding as of 6/30/21

Total Payment FY22

Final Payment

FY22 Principal

FY22 Interest

Loan

Date

Loan Amount

2009F Revenue Bond Defeasance

11/1/2014

$ 2,495,350

2024

$ 900,244

$ 289,143

$ 277,534

$ 11,609

Revenues: Rates for the Parking System are set by the City Council. Parking System rates are reviewed annually. The following tables list hourly and monthly Parking System rates and charges as approved by the City Council. These rates include hourly rate adjustments that became effective on July 1, 2013 and the monthly permit rate adjustments that became effective on July 1, 2017. No rate adjustments are included in the fiscal year 2022 budget.

Hourly Rates and Charges Fiscal Year Capitol St. Garage

Dubuque St. Garage

Chauncey Swan Garage

Tower Place Garage

Harrison St. Garage

2018 2014* 2007 2002 2001

$1.00 1.00 0.75 0.60 0.50

$1.00 1.00 0.75 0.60 0.50

$0.75 0.75 0.60 0.50 0.40

$1.00 1.00 0.75 0.60 0.60

$0.75

-- -- -- --

* Capitol Street, Dubuque Street and Tower Place facilities offer the first hour free. Monthly Rates and Charges Fiscal Year Capitol St. Garage Dubuque St. Garage Chauncey Swan Garage

Tower Place Garage

Harrison St. Garage

2018 2011 2010 2007 2004 2002 2001

$85.00 80.00 80.00 75.00 70.00 60.00 55.00

$85.00 80.00 80.00 65.00 60.00 50.00 45.00

$85.00 80.00 70.00 60.00 55.00 45.00 40.00

$85.00 80.00 80.00 75.00 70.00 60.00 60.00

$85.00

-- -- -- -- -- --

Surface parking lots charge $65.00 per month for parking permits.

370