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Item K5 �s K.5 r`, County of Monroe �y,4 ' �, "tr, BOARD OF COUNTY COMMISSIONERS County �a� Mayor David Rice,District 4 �1 `ll Mayor Pro Tem CraigCates,District 1 The Florida Keys ��� `� � Michelle Coldiron,District 2 Eddie Martinez,District 3 w � Holly Merrill Raschein,District 5 County Commission Meeting December 8, 2021 Agenda Item Number: K.5 Agenda Item Summary #9989 BULK ITEM: Yes DEPARTMENT: Airports TIME APPROXIMATE: STAFF CONTACT: Richard Strickland(305) 809-5200 N/A AGENDA ITEM WORDING: Approval to adjust the overnight or max daily rate for the long- term premium covered public parking lot at the Key West International Airport from $15.00 per day to $19.00 per day effective January 1, 2022. This action will create greater availability of parking spaces in the long-term premium parking lot and will increase the Airport's non-aeronautical revenue to support the Airport's effort to remain self-sufficient and not receive any ad valorem taxpayer funding. The daily max rate at the short-term parking lot will remain unchanged to give price sensitive customers a less expensive option. ITEM BACKGROUND: Please see attached parking analysis from Reef Parking (Republic Parking)the current parking lot management company for the Key West International Airport. The proposed rate change is comparable with other South Florida Airports, and is estimated to increase annual revenue flow to the Airport by approximately $114,940.53/yr. PREVIOUS RELEVANT BOCC ACTION: On July 15, 2009, November 22, 2016, and July 19, 2019, the BOCC approved parking fee increases for public parking at the Key West International Airport. CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATION: Approval. DOCUMENTATION: EYW Parking Rates FINANCIAL IMPACT: Effective Date: January 1, 2022 Expiration Date: None, until rates are subsequently adjusted Packet Pg. 2064 K.5 Total Dollar Value of Contract: n/a Total Cost to County: n/a Current Year Portion: Budgeted: Source of Funds: CPI: Indirect Costs: Estimated Ongoing Costs Not Included in above dollar amounts: Revenue Producing: Yes If yes, amount: Approx. $114,940.53/yr. Grant: County Match: Insurance Required: No Additional Details: REVIEWED BY: Beth Leto Completed 11/22/2021 2:55 PM Richard Strickland Skipped 11/22/2021 2:54 PM Pedro Mercado Completed 11/22/2021 2:58 PM Purchasing Completed 11/22/2021 4:51 PM Budget and Finance Completed 11/22/2021 4:52 PM Maria Slavik Completed 11/22/2021 7:02 PM Liz Yongue Completed 11/23/2021 8:32 AM Board of County Commissioners Pending 12/08/2021 9:00 AM Packet Pg. 2065 (4u9w4sn fp 4 'Ma -9 MAM s 4 'Ma :4u8wq3B44V w R CD to a_ 11� m c � ro U tC L 'a O O O O O N L- L- p O Y GJ GJ ®) p (U GJ m Co d0 Oo dp Op C C C C C O O O 7 4� O O L OD w ro ro a m m O E E E C E E ®; tin tin tin L v�i t�i, V J: O E.,: Z a, oo ® o 0 0 0 LL o; � cLA Vin In In +, C Q1 °6 E � s E E �-' eat cr E E c • � ,n O O E a .E 4-0 +J C4 /�� o .l m W , +J 4d 4-J L co O E1J OC to O ++ N C N s+ hp E m U C e�i ` X E a E U E O ri M O 3 v> J c o 0 0 0 0 0 0 3 1 = V O J 06 `) E o E E L � E �r E E Ln +J L L L E .m C O O O 4+ 'X lie 0L L s v E >. N M Rt coo -he F- O O O O v O e-I N M K.5.a REEF PARKING November 16, 2021 Mr. Richard Strickland Director of Airports Key West International Airport 3491 S. Roosevelt Blvd. Key West, FL 33040 Dear Richard, Per your request regarding a parking analysis, I have attached a document reflecting the overnight rate at several southern Florida Airports. We believe the parking rates in the premium short-term garage could easily be raised to $19 per daily maximum. We think this will create greater availability of parking spaces in the garage. You will see on the attached overnight rates bar chart, a$19 overnight rate at Key West International Airport would still keep the Airport short term rates comparable to other airports in south Florida as well as the Key West municipal lots. , uO Below you will see the revenue table reflecting a $4 increase in the short-term garage and its >- significant increase to annual parking revenue: Short Term Short Term (Premium Surface) overedl Totals Gross Revenue 10/1/2020 thru 9/30/2021 $ 35,705 $ 431,027 $ 466,732 CL Revenue producing transactions-same period (divide) 28,314 7,760 36.074 Average Ticket amount $ 1.26 $ 55.54 $ 12.94 Current Overnight rate(divide) $ 15.00 $ 15.00 Average length of stay in days 0.08 3.70 Increased overnight rate(multiply) 15.00 $ 19.00 Extrapolated New Average Ticket amount $ 1.26 $ 70.36 $ 16.12 Revenue producing transactions (multiply) 28,314 7,760 36,074 Extrapolated New Gross Receipts $ 35,705.00 $ 545,967.53 $ 581,673 Gross Recei is Increase $;114,940:53;` <$ 114,947 We believe leaving the short-term surface rate at$15 per day would give more price sensitive customers a less expensive option than the short-term premium garage rate. The customers who choose to park in the short-term surface lot will provide greater availability of space in the short- term premium garage. Republic Centre 633 Chestnut Street,Suite 2000 423.756.2771 Chattanooga,TN 37450 reeftechnology.com Packet Pg. 2067 K.5.a At some point in the future, we believe the top level of the parking garage needs to be used for paid public parking. At a future date, we would like to discuss potentially moving these parkers into the existing short-term lot or another area on the property once availability of space on the Airport property occurs. I look forward to discussing with you in more detail. In the meantime, please do not hesitate to call me if you have any questions. Regards, Bob Linehart Executive Vice President Airport Services C: Daniel Lassiter CL Edson Alfaro LO CD 2 Packet Pg. 2068 (4u9w4sn fp 4 'Ma -9 MAM sW 'Ma :4u8wq3B44V 0 R to CD o J m p r V its fs,�rayf , N }I£ti rl'Sii/si i s s l!- l( ,l�i}i i �r l�1s6 l I l� l�ii ,u r 4� at ct � i i �iilar it � qq � �1�1 F 'y,`I'ern "is� r tl lr � r_ r, Z£$ s;o-I judpiunw IsoM AoM }'�1it1'ti s1f�{lslSrsrlti�,f\ 4 l l4+rstl )r l) !7!l slljet t r't it) /it t �?Ps �Ss } itS s\rl ��srs rl r{ails { 1 i i >t i i a S t Gs} i 11{t'1tss Vt l( r{ slA1 • `�t-h'sll 1;d,.t�n3t�S�i l�l�ulbA,41„i'„tC��a.ps iyh f'r�rt �m}t1u' t t,,{4�.1<i{lr 1J'p'4,..{,,,;',rsll si. £4�,S+�is. 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K.5.a Key West International Airport- Key West, FL Short Term Long Term Free 0 -60 min $3 0 -- 60 min $6 1 - 2 hrs $6 1 - 2 hrs $9 2 --3 hrs $9 2 3 hrs $12 3 --4 hrs $12 3 ---4 hrs $15 daily max $15 daily max $84 weekly $84 weekly Fort Lauderdale-Hollywood International Airport-Fort Lauderdale, FL Short Term (Hourly) Long Term (Daily) $3 per hour $3 per hour $36 daily $15 daily Economy $10 daily Melbourne International Airport-Melbourne, Short Term Long Term $1 each 20 min up to 1 hr $1 each 20 min up to 1 hr $1 each additional 30 min $1 each additional 30 min $14 daily $12 daily LO Miami International Airport-Miami, FL !i, Short Term (Garage) $2 each 20 min $17 daily Orlando Sanford International Airport-Orlando, Garage Hourly $17 daily Free first 15 min $2 per 20 min thereafter $28 daily E Long Term Economy Lot $14 daily $13 daily Palm Beach International Airport-West Palm Beach, FL Short Term (Garage) Long Term (Garage & Surface Lot) $17 daily $13 daily Premium (Outside Baggage Claim) Economy (Surface Lot) $2 0 20 min $7 daily $1 each additional 20 min $30 daily Packet Pg. 2070 K.5.a Puntaor a Airport-Punta Gorda, FL Short Term Long Term Free first 2 hours Free first 2 hours $1 each additional hour $1 each additional hour $24 daily $11 daily $66 weekly Sarasota-Bradenton ter i a it or -Sarasota, FL Short Term Long Term $2 0 -40 min $2 0 - 40 min $2 each additional 20 min $2 each additional 20 min $18 daily $14 daily E Shaded Lot $2 0 -40 min $2 each additional 20 mins $15 daily Southwest on a International Airport-Fort Myers, FL Short Term (Garage) Long Term (Surface Lot) Free 0 -20 min $2 each hour $2 21 -40 min $11 daily LO $3 First hour $60 weekly $18 daily $4 daily after first week .� Packet Pg. 2071