HomeMy WebLinkAboutEx 4 BPC 6142018 Lease Limit Calc32474%l323490s62435-1856L1.LBridgerStallsTotal No.of LeasesSoldNo. ofLeasesParked inPeak Hour50% of EmptyStalls(PotentialNew leases)PotentialNew Leases(less LeasesSold but NotActivated)Total LeasesAuthorized ForSale {as of th¡sdate)Short-TermVehíclesParked atPeak HourLeases Sold Weekday Peakbut Not HourActiviated*** OccupancyEmpty Stalls(Peak Hour)Cars Parkedin Peak HourParking Lease Policy: Appendix ABozeman Parking CommissionBridger Park Downtown GarageLEASE LIMIT CALCULATION[NOTE: Red highlíghted boxes ore lor input oî current data. AII other cotegories øre formulos thot do not requíre input.]545LEASE SUMMARYSub-Total Non-UDC Leases *5 West Mixed Use Office (UDC)Element Hotel (UDC)Lark Horel t (uDc)Lark Horel 2 (UDC) -- PENDINGEtha Hotel (UDC)Etha Horel (uDc) -- PENDINGSub-Total UDC**GRAND TOTALrNo hotels ín these leøses|*UDC leases øre for a minimum oÍ 25 yedrsrÊ+sold but not octivoted meons AVI cords not distributed.5060195446306256562HOUR BREAKOUT 7l2Ll2Ùt7 ParkedPeokThe purpose ol the Leose Limit Colculotor isto utilize27pract¡ces in determining how many parking leasesCommission (BPC) can sell in the Bridger Parkmaintaining reasonable confidence that adequateleased and short term parking. The rationale ismonthly/annual leases (more leases than spaces)excess capacity based on "Peak Hour" utilizat¡on.industry bestan ParkingGarage, whileexists for bothBPC can 'oversell'maintaining a margin ofa commonthe new T2 garage revenue control systems.Currently, the City of Bozeman has sold 587 leases (377 Non-UDC), we are attr¡t¡on¡ng this numberto come into compliance with the Lease Limit Calculation - ERMparking management strategy, the BPC, uponof Rlck WilliamsConsulting, has chosen to use a factor equal toof unused parking spacesduring the Peak Hour. The Lease Limit Calcuw¡ll cont¡nue to evolve inaccuracy, as better data is gathered andthrough implementation of3þ4TOTAL Vehicles at Peak HourJuly 21lNoon231Non Leases in Peak HourJuly 2UNooneqLeases in Peak HourReport Generated: 6/ 5 /àOLBPage 1