92 Review of Parking Fees and Charges 2011/12 PDF 169 KB
(Cabinet Member with Special Responsibility Councillor Langhorn)
Report of the Head of Property Services
Minutes:
(Cabinet Member with Special Responsibility Councillor Langhorn)
Cabinet received a report from the Head of Property Services to enable consideration of the Annual Review of Parking Fees and Charges for 2011/12.
The options, options analysis, including risk assessment and officer preferred option, were set out in the report as follows:
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Option 1: This option is to approve increases that meet the financial target of £110,300 |
Option 2: This option is to approve the majority of the recommendations including in this report and to exceed the financial target of £110,300 |
Option 3: This option is to do nothing, retain the existing fees and charges and the likelihood of not contributing to the financial target |
Advantages |
This option meets the financial target for parking fees and charges taking into account inflation and the implications of the increase in VAT.
This option is likely to provide less price increases and limits the impact on usage and the potential for adverse variances in the 2011/12 budget.
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This option allows parking fees and charges to meet the financial target and to also make an additional contribution to the 2011/12 budget process.
A further contribution could be made depending on the level of charge introduced for partner permits.
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This option limits the impact on parking usage and town centre vitality and trading.
This option is likely to receive the greatest support through the consultation process |
Disadvantages |
This option does not maximise the contribution that parking fees and charges could make to the 2011/12 budget preparation process. |
Depending on the range of increases approved this option could have a negative impact on short stay parking and town centre trading.
This option is likely to receive the most objections through the consultation process.
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Apart from the possibility of increased income arising from no fee increases this option will result in a significant budget problem requiring additional income or savings to be generated from other activities / services undertaken by the council. |
Risks |
This option still has inherent risks associated with price increases as customers may choose other modes of transport or use other car parks in the district. |
This option will have a significant risk of customer resistance to additional fee increases with a corresponding substantially increased risk of adverse variances with the 2011/12 budget.
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This option increases the budget preparation difficulties at a time when additional income or major savings are required. |
The preferred option is Option 2 which is summarised below:
(1) That Cabinet approves 0.20p increases on the pay and display tariffs highlighted in the table at paragraph 3.1 for 2011/12 to generate additional income of £186,600 (exceeding the financial target of £110,300 by £76,300).
(2) That Cabinet approves a 5% reduction in the level of public permit charges for 2011/12 generating additional income of £2,400.
(3) That Cabinet approves the conversion of Lucy Street Car Park to a short stay pay and display car park generating additional income of £10,000.
(4) That Cabinet approves the conversion of Bulk Street ... view the full minutes text for item 92