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HomeMy WebLinkAboutCommittee of the Whole Packet for 1/12/2015 . � . . . ' COMMITTEE OF THE WHOLE AGENDA (Preceding Council Meeting) COUNCIL CHAMBERS January 12, 2015 Monday, 6 p.m. City Center Parking Garage - Metro Lease •Hearing assistance devices for use in the Council Chambers are available upon request to the City Clerk•CITY COUNCIL MEETINGS ARETELEVISED LIVE ON GOVERNMENT ACCESS CHANNEL 21 AND ARE RECABLECAST: Tues.&Thurs.at 11 AM&9 PM,Wed.&Fri at 9 AM&7 PM and Sat.&Sun.at 1 PM&9 PM � I Page 3 of 3 ' I i , . • 1/12/2015 City Center Parking Garage Presentation to Committee of the Whole January 12, 2015 __.__ y� ciry of� __ . .. .�� ��� r��r��r1 �:�� Transit Center Parking Garage Metro Lease .�.;.� � � � ,� � �-��� � �� �i. � �4 �� + . Y�l� � ^�y � .� G� . �� t ,:•� � - ! 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"� ett � ._.._...._.. . mruK�wm..x•on.nwanr —.�-�, Downtown Transit Center Design &Construction Responsibilities Renton/King County Renton Transit Center Interlocal Agreement April 3, 2000 • Renton purchased and owns the Transit Center Property($350,000). • Metro has a 30-year lease to provide transit operations on the property. • Renton and King County Metro shared in design, construction and construction management costs. • Renton funded the costs of improvements along Burnett Avenue South between South 2"d and South 4th streets, and contributed $205,000 to the covered walkway. • King County Metro funded all improvements comprising the East- West Section of the Transit Center and the new parking areas, kiosks, landscaping,street lights, bus shelters, benches, etc.and the relocation of the clock tower. c�q dt � _�-� ..__. '����....,�i�Ir���' _ 2 • 1/12/2015 Downtown Transit Center Funding Renton: Property Acquisition $350,000 Design/Construction/Construction Management 942,924 TOTAL $1,292,824 King County Metro: Design/Construction/Construction Management $1,305,247 Private 140,000 Grants(Renton) 1,112,400 Grants(King County Metro) 1,280,000 TOTAI PROJECT $5,130,471 __ ,� ���or " il� fif��) :•, City Center Parking Garage • Opened June 2003. • 7 stories with 562 parking spaces; cost $8.5M. • Ground floor suites on east and west sides were originally planned for retail; these spaces are currently utilized as Police Department substations. .x�r �,,,�, ary or� „ ,. .,.. � ��- ��.� �1 C J C 1 ��`` 3 � 1/�2/2015 � City Center Parking Garage • Diamond Parking Services has managed the garage since July 2008. • Services provide enforcement, litter pickup, monthly machine vacuuming,ticket machine servicing and repair, stranded motor service and issuance of parking permits. • Facilities Division manages the stairwell, elevator lobby, elevator cleaning, vandalism repair and power washing as needed. • Monthly private parking passes vary, approximately 40+/-. • Passes are available through Diamond Parking online service for a fee of$42.50 per month, including taxes and service fee. c�ty�� ��, __----.__...--""'''''� � r 1��c� �1 :=,;� .+.i.r�.. ,._. City Center Parking Garage • Metro has the top 150 spaces in the facility. • Metro began leasing in 2004,with a sliding scale 5-year lease, with additional 4-year extensions. • Lease rates: ➢ $10 per space, per month for the first 100 spaces ➢ $15 per space, per month for the next 100 ➢ $20 per space, per month for each additional space • This arrangement was unwieldy and depended on frequent vehicle counts. -___.__._....+�'�"� c'ry of, _�_ ��,�;r��rJr� '�._ 4 • 1/12/2015 City Center Parking Garage • The first amendment to the lease occurred in 2008 i Lease rate changed to 250 spaces at $15 per space, per month i Garage use was the highest in 2008 • The second amendment in 2009 terminated the original agreement terms and changed the location to the top 250 spaces and leasing them at $15 per space, per month. • Amendments 3, 4, 5 and 6 each extended the term of the lease for 1 year. -- _ c�ty oF, .__� �_�' C 1'�('} f 1 �,'�..'' City Center Parking Garage � In 2014 Amendment#7 extended the lease for 2 years, with two 1-year options. • Lease rates increased from $15 to$30 over the first 2 years. • Effective January 1, 2015, leased spaces were reduced to 100, with the option to lease up to an additional 100 spaces. • Metro exercised its option to lease up to 150 spaces in December 2014. `�"'ciry o! �.._ .^`'.,.-�^t 1 !;�1 f J f 1 ' 5 1/f 2/2015 Metro Leasing Comparables Northgate Mall Partnership: • 280 spaces - $47.36 per month • Metro invested $3.555M,which when amortized over the 20-year lease is equivalent to an additional $59 per space, per month. Northgate South Commons, LLC: • 40-year lease $5.25M invested • 350 spaces- $13.73 per month • With amortization,this is equivalent to an additional $31.25 per space, per month. __x,..,,�.�^°'"�:.��('i f J f 1 '� QUESTIONS? Peter Renner, Facilities Director Gregg Zimmerman, Public Works Administrator --------,"..•/'��,�t'1 f J f I 6 Jason Seth From: Jay B Covington Sent: Friday, January 09, 2015 5:06 PM To: Armondo Pavone; Don Persson; Ed Prince; Greg Taylor; Julia Medzegian; Marcie Pafiner; Randy Corman; Denis Law; Ruth Perez Cc: Peter Renner; Gregg A. Zimmerman; Jason Seth; Doug Jacobson Subject: Background INformation on Downtown Transit Center and Parking Rates Council, Jason just placed a power point presentation in your drop box which provides some background information on both the Downtown transit Center and the Parking Garage, which we hope will help inform your discussion at Monday's Committee of the Whole meeting. Staff will have some additional information, and will be able to provide context to the power-point slides at that meeting. Note that we have not included information regarding Sound Transit's contribution to suburban transit stations(Federal Way, Kent,Auburn, Bellevue, Burien,Tukwila, and others). In every one of those transit centers, if there is structured parking, it was fully funded by Sound Transit, who continues to maintain it. Renton is the only suburban city that fully funded the construction (and continues to maintain)the parking garage adjacent to its transit center. We look forward to discussing this issue with you Monday. Jay Covington Chief Administrative Officer City of Renton 1 ���. ����oe �u��u ���o�u •ui���iiiii o������u�■ ��u�w�.����ww — �'��_- � '�--�u �o= �.u.. 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I • • • I ' � • � • . -,. , �<,. � � , � �. ; �M a �,:_� �\�_ r � Bellevue � - �.� Beaux Arts Village Sammamish p � t ��a y 1�. a' � � - �--__... __.�_ �� � �� • �� �� ��� 0 o Mercer Island F � w Seattle � � � �'�Fsl ,;: � .� �.__ ..._ 1_ x r ^ f -- `�� Issaquah � m 2 ,,i ` �. � I TLE ,,, �n n ��9�� ,� .� � � o Newcastle '� � Z %� .�0 9 9P N 10 N D � 2 ``�2� - , ,„, � 02 � iZT �N �j ' 1_. s =.. = K j � � � 900 �/9` <= • Ly ��' � `--_ • � • 1�_8TH � �lF.� i��� z. • � • Burien Tukwila Rentom ; � . y� . _ J �, ` , r__� • ��FS �-.. � � • • � ��RIVER . 156f{i i . � • � � • • -- f,,� � � 64Tf� �• a "^.,��Q � � � • • • �--.✓' y x �� pE � • �,c SeaTa�c 180TH 43RD .— ���TSKy• � �, / • �^ � _�.._.. • � ( P � ~ 5 •� •� 1tJ2ND '" • � � 99 � � o 0 Normandy Park • � � � ' � �2 8TN (+�' Renton Municipal Garage ..� _ . � � � • P&R Customers ' Kent �k�>� . .___zz � Other P&Rs Des IVloines . 167 = o zaoTH Sound Transit Routes ---�— 24$TH --- o � m � — Freeways � � � 9u � ^ 256r" t City Jurisdictions � �y �q • � �Fy Sound Transit District l�IN 272ND � � � � 77TH o � �� � �' '} 288TH ? V ' `� � �- , � \ 0 1 2 4 `" Q� `� � �� �Miles � � Auburn Note:This map extent shows around I - Federal-Way 320 H `� � BURN BLACKDIAMOND f�—�.--,-�"� 90%of the P&R users that are closest to the faciliry.Some outlying origins may ,��� not be shown on this map. LAKE HOL41 '"�' _ ' -���` Survey Date:lanuary 2011 Tacoma '� AI ona TSOUNDTRANSIT This map is _. ., I by no warranties.