Attachment 12 - Cost Analysis and Revenue Projections Summary Sheet LAZ - Enforcement LAZ - Enforcement
Parking Enforcement Representative 299,208$ Paid Parking Enforcement Revenue TBD E-bike and Maintenance Rate 9,000$
LAZ Subtotal 308,208$ LAZ Subtotal TBD
LAZ - Parking Operator LAZ - Parking Operator
Site Supervisor 113,256$ Parking Fees 385,294$
Meter Tech 90,230$
Occupation Studies 23,478$
LAZ Operating Expenses 45,745$
T2 Monthly Subscription 33,120$
T2 Warranty 2,760$
T2 Spare Parts 20,999$
LAZ Merchant of Record Costs 49,204$
LAZ Subtotal 378,792$ LAZ Subtotal 385,294$
ParkMobile ParkMobile TBD
Convenience Fee 107,332$ Parking Fees 715,546$
Credit Card Processing Fee (3% of total) 33,025$
Credit Card Processing Fee ($0.15 per transaction) 53,666$ ParkMobile Subtotal 194,023$ ParkMobile Subtotal 715,546$ One-Time Costs - LAZ One-Time Revenues
Signage - City 10,000$ None
Start Up Costs 35,600$
T2 Machines 196,082$
T2 Meter Installation 6,325$
One-time Costs Subtotal 248,007$ Revenues Subtotal 1,100,840$ 881,023$
1,100,840$
(28,190)$
165,532$
142,466$
Assumptions
Spaces 145
Occupancy 65%
Number of Operating Hours (8 AM - Midnight) 16
Cost Per Hour $2.00
Transactions Per Space Per Day 16
Paid Parking Every Day (No Holidays)
Transaction Split 65% ParkMobile
35% LAZ
Convenience Fee 0.30$ Per Transaction
Credit Card Processing Fee (3% of total) 3% of Total
Credit Card Processing Fee ($0.15 per transaction) 0.15$ Per Transaction City Pays ParkMobile Fees
YEAR 2 TOTAL NET REVENUE PROJECTIONS
YEAR 3 TOTAL NET REVENUE PROJECTIONS
Expenses in General Fund Estimated Revenues for General Fund
TOTAL ANNUAL EXPENSES
TOTAL ANNUAL REVENUE
YEAR 1 TOTAL NET REVENUE PROJECTIONS (Including 1-time cost) Expenses in Parking Authority Fund Estimated Revenues for Parking Authority Fund ATTACHMENT 12-1