Explanation
1. BACKGROUND
The Department of Public Service requests to establish a parking benefit district (PBD) in the Short North per the requirements in Columbus City Code 2155. A PBD is one part of a parking management plan to improve parking availability and encourage the use of alternate forms of transportation within the defined area. The creation of a PBD will create a funding source to improve the neighborhood and enhance mobility options for residents, employees, and visitors to the area.
The Short North PBD area is bounded on the north by the centerline of King Avenue west of High Street and by Eleventh Avenue east of High Street; on the east by the eastern-most set of railroad tracks east of North Fourth Street; on the south by the centerline of Interstate 670; and on the west by the Olentangy River, each line shall extend as necessary so as to intersect with adjacent boundaries. Such boundaries are as shown on the attached Exhibit A.
One hundred percent (100%) of the revenue generated from single space and/or multi-space parking meters and/or mobile payment only parking zones, after administrative, reserve, and operational costs have been paid, will be disbursed to the PBD subject to the rules and regulations promulgated by the Public Service Director. Parking citation revenue, other revenue and residential permit fees will not be included in this disbursement.
As part of the Short North PBD, the Director of Public Service requests the City Auditor to create two (2) subfunds within the Parking Meter Fund to properly track and account for Short North PBD revenues and expenditures. One subfund will be for daily operations of the Short North PBD, and one will be for future reserve and capital needs.
This ordinance also authorizes the City Auditor to create subfund(s) as needed within the Parking Meter Fund to allow for any additional parking benefit districts that are established as well as any additional tracking that may be needed.
Approva...
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