From Georgi: We are going to need as many people as possible to attend the October 3rd City Finance Subcommittee meeting being held at 5:30 at the City Council’s Chamber.
They will be discussing a change to city garage monthly fees which will GREATLY affect our monthly condo fees. (See information below)
Please make every effort to attend this meeting.
Further info (from CP3, lightly edited by me for CP1)
Parking director Nick Navin was the guest speaker at LDNA meeting last week to discuss the proposed parking rate increases the city is planning to implement January 2018. This was referred to finance sub-committee which is scheduled for Tuesday, October 3rd, 5:30 at City Council Chamber.
The entire proposal can be found here; page 6 and 7 have the rates and discounts listed. The fee for our current resident pass (24/7 access) is $48.00 per month. The new 24/7 access pass will be $100 (residents will get 25% discount the 1st year bringing it to $75.00 per month) for 2018 and 10–15% increase every year for the next 4 years.
After that it’s recommended that the price increase annually based on the consumer price index or “based on the needs of the department at that time.”
These changes will triple the cost of the parking fees that Canal Place pays out on behalf of the residents over the next four years—in addition to the increase those of us paying for additional spaces will see.