Master Proposed Book FY2023

collects the fee, which may be paid in three installments, with the first installment due before the certificate of occupancy is issued.

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. In fiscal year 2022, the Parking Fund borrowed $1,000,000 from the Landfill Cell Replacement Reserve to replace the automatic gate equipment at the various parking facilities. The following is a summary of those loans:

Principal Outstanding as of 6/30/22

Total Payment FY23

Final Payment

FY23 Principal

FY23 Interest

Loan

Date

Loan Amount

2009F Revenue Bond Defeasance

11/1/2014

$ 2,495,350

2025

$

762,064

$ 289,143

$ 279,621

$ 9,522

Parking Gate Equipment

6/30/2022

$ 1,000,000

2032

$ 1,000,000

$ 107,750

$ 93,429

$ 14,321

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 2023 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

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* 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

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

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