HomeMy WebLinkAbout2021-10-05 Finance Committee Action MinutesACTION MINUTES
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Finance Committee
Special Meeting
October 5, 2021
Virtual Only
The Finance Committee of the City of Palo Alto met on this date in virtual
teleconference at 6:00 P.M.
Present: Burt, Cormack, Filseth
Absent:
Agenda Items
1. Staff and the Utilities Advisory Commission Recommend That the
Finance Committee Recommend the City Council Approve Design
Guidelines for the 2022 Electric Cost of Service and Rates Analysis.
MOTION: Vice Mayor Burt moved, seconded by Chair Cormack to
recommend the City Council approve:
A. The design guidelines for the 2022 Electric Cost of Service and Rates
Analysis with anticipated modifications based on Finance Committee
recommendations for Design Guidelines 3 and 4; and
B. Request that staff study options for an interim modification to tiers
that would support electrification and return to UAC, Finance
Committee and Council at a future date.
MOTION PASSED: 3-0
2. Modifications to University Avenue and California Avenue Parking
Policies to Expand Eligibility for City Garage Parking Permits and
Update Parking Permit Fees, Modify the Downtown and Evergreen Park
Mayfield Residential Preferential Parking (RPP) Programs to Reduce
Employee Parking in these RPP Districts and Update RPP Permit Fees,
and Develop a Parking In-Lieu Program for the California Avenue
Business District.
MOTION: Chair Cormack moved, seconded by Council Member Filseth to
recommend the City Council:
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Sp. Finance Committee Meeting
Action Minutes: 10/05/2021
A. Refer to the PTC the development of measures to accommodate
parking requirements on businesses in the California Avenue area,
such as by establishing a subscription based parking in-lieu fee
program for that area to make possible changes in use on California
Avenue;
B. Adopt an ordinance amending the FY 2022 Municipal Fee Schedule to
adjust employee parking permit fees, as follows, to
better align parking prices with City transportation and mobility goals,
as summarized below:
i. Increase the price of Employee Parking Permits in the Residential
Preferential Parking Program for Downtown, Evergreen Park-
Mayfield, and South Gate district;
ii. Increase the price of Reduced-Price Employee Parking Permits in
the RPP programs for RPP Downtown, Evergreen Park-Mayfield,
and South Gate districts;
iii. Increase the price of Employee Parking Permits in both All
Downtown and SOFA Lots and Garages Annual Parking Permit
(aka University Avenue Garage Permit) and California Avenue
Area All Garages and Lots (aka California Avenue Garage
Permit);
iv. Establish a Reduced-Price Employee Parking Permit in both All
Downtown and SOFA Lots and Garages Annual Parking Permit
(aka University Avenue Garage Permit) and California Avenue
Area All Garages and Lots (aka California Avenue Garage
Permit);
v. Eliminate first free annual residential permit in all RPP programs without employee subsidies, consistent with RPP districts in
College Terrace, Crescent Park, and Old Palo Alto that do not
provide for employee permits;
C. Adopt resolutions and direct the City Manager to authorize
modifications to the Residential Preferential Parking (RPP) program
and commercial district employee permit allocations, as follows:
i. Reduce employee RPP permits in the Downtown RPP by setting a
cap at issuance of 580 Downtown Employee RPP permits;
ii. Reduce employee RPP permits in the Evergreen Park-Mayfield
(EPM) RPP by eliminating permits in residential zones A-F,
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Sp. Finance Committee Meeting
Action Minutes: 10/05/2021
retaining employee parking permits in employee Zone G along El
Camino Real:
i. Employee permits in Zone G shall be available only to
employees/employers that are located on or near to El
Camino Real;
ii. Authorize staff to pursue expansion of Zone G to the West
side of El Camino Real, between Park Boulevard and
Stanford Avenue, if necessary, and approved by Caltrans
and reviewed by Stanford University;
iii. Maximize the parking capacity utilization in University Ave.
garages/lots by increasing the caps of employee parking
permits in the public garages/lots by approximately 500 in
the commercial district (to a total of 3,326);
iv. Maximize the parking capacity utilization in California Ave.
garages/lots by increasing the caps of employee parking
permits in the public garages/lots by approximately 490 in
the commercial district (to a total of 1,075); and
D. Expand the current boundaries for the Downtown and SOFA Lots and
Garages Annual Parking Permit (aka University Avenue Garage Permit)
and California Avenue Area All Garages and Lots (aka California
Avenue Garage Permit) to include and align with the existing
Residential Preferential Parking (RPP) boundaries for the Downtown
and Evergreen Park-Mayfield districts.
MOTION PASSED: 3-0
Adjournment: The meeting was adjourned at 8:05 P.M.