ResolutionFor Information Only
Relationship to the Strategic Plan / Health Impact Assessment
This report refers to operational matters.
Report SummaryThe intent of this report is to provide Council with an overview of the current state of parking in the downtown core, as well as some perspective on the effect certain initiatives will have on the current parking environment. Additionally, staff has developed some solutions for Council’s consideration in order to help mitigate some of this supply loss.
As this report is for information only, there are no financial implications with this report. Any surplus or deficit in parking operations are contributed to or from the Parking Improvements Reserve Fund. Currently, this reserve fund has commitments to 2023 of $330,000 per year for funding towards the parking garage waterproofing as part of the Tom Davies Square Courtyard project.