THAT Council approve parking meter rate changes detailed in Appendix A, and THAT the Director of Legal Services bring forward the necessary By-law changes to reflect the parking meter rate changes. Council policy is to set parking meter rates to reflect market rates and to encourage turnover in street parking. This report reviews the City's parking meter operations and recommends continuation of themeter replacement program. The report also recommends selected meter rate changes to better reflect market conditions.
Parking meters provide a service to the public and to the business community.
They are popular, and revenues have grown steadily. In June 1996, Council dealt with a report on On-Street parking control equipment and approved the following motions. THAT Engineering Services continue its ongoing review of on-street parking equipment options to insure that the technology used by the City of Vancouver provides the best value for the citizens of the City. Currently electronic parking meters provide the best value with the potential for future use of debit card technologies. Since 1996 the City has invested in meter security by upgrading meter casings and locking mechanisms.