• Mult i-Modal TransIt Center (Bus Station)

• Bike PathIPedestrian Bridge

• Confluence Park at Winooski & No. Branch

• Visitor/Tourist Welcome Center

·345 Space Parking Facility

• Hazardous Site Remediation

• CommcrciaVHousing Development - upper floors

- Capital District Master Plan done 1998-~OOO

- Plan was product of City/State Conunission, a body representing the Legislature, the State Administration and the City of Montpelier.

-Work completed by Gossens-Bachman, reviewed publicly m 2000

• Adopted by Legislature, Vt. Dept. OfBldgs & Gen Services, City Council and Planning Comm.

• Transit Center on Taylor St Lot (Carr Lot)

• BikelPed path across Carr Lot adJaec!!~ ~o ri,-;er with bride crossing the North Branch

• Green SpacclPark at confluence of rivers

• Parking facility at No. Branch Lot (Jacobs Lot)

• Private Bldg developed at 60 State St (Heney Lot)

• Preserved Truss Bridge at Taylor Street

• Consider the 106 - 4 (I) parking decision

• Consider parking choices if necessary -• Decide to cnd project

• Or ... Express support for project so that additional funding can be enthusiastically pursued.

• Project is largely defmed, funding is mostly in place. Once parking issue is resolved, its time to make a decision!

- Implementation of Capital District Plan

·345 (168 net new) owned parking spaces

-Very low cost per space for new parking

- Parking cost INCLUDES all other project elements - Bike PathlPed Bridge, Confluence Park, Transit Center, Upper Floor Development and remediation.

- S800K Bond yields S~l .~M downtown investment

• Ntunbers evolve/change over time

• Total Parking Facility Cost - SII ,I "",511

• Total Cost for 345 spaces = $32,'239 per space

• City Sharc for entire project ~ $",319,567

• City Sharc for 345 spaces ~ $6,7C3 per space

-1 68 net new spaces = $13,807 per space

How will this get paid off?

T otill ".K,ilI coSls

Mo rih~ r"ve ru e r" ,,-, roo to Wle< am "", co%

Mrnttly fee req " red@roo l>: ooocc l.\l ,",CY 80% 276 spaces

Potential adJ l irn ai <f1 ru al r .... em e if 1 00 % lu i 69 spaces $5,175.66 rrmttt,'

An rrn l co% Ie.' orO;j nal $000,0 00 bam (20 years@5%)

Pote<1ti oi net onrm. co,;! to el y

SlO,703

S60.01

S75.01

S62.100

Back to the local share .....

Solli e"" of Loc<'ll Sh1l e flIII"S:

Ap ll'oved Brn d Leasa'sale Ie.' Uw er (OctS

SlIb 101<11

N<l 10 be n",.,eed

An ru ai co% aI 5% rn lOy",.- brn d

An ru ai 0 & M co';'s!or Qara(le 3(5 spaces $375 each

T 01 ill ,." Il,ilI cos'"

Sl.J I9,567

$8 00 ,00 0 $329, 00 0

SI.1 29,OOO

Sf.f90,567

$119,057

$129,375

Sl.w.432

177 spaces in Taylor & North Branch

63 spaces ill 60 State Street

·485 in other lots

·400 on street, metered

-1,1:25 total "managed" parking spaces

·447 (40%) leased, 678 (60%) owned

• 168 net new spaces would increase inventory by 15% with 270 (21 %) leased and 1,023 (79%) owned.

• Capital Plaza - '207 Leased spaces

• Stone Cutters \Vay - 108 owned spaces

"Blanchard Court - 105 owned spaces

• Pitkin CoLut - 65 owned spaces

"485 other spaces in lots, 278 (57 .3%) owned

·400 on street metered spaces - owned

Current Parking Scenario

Taylor Sl LOI- lID leased spaces

-No. Branch Lot - 67 leased spaces

-177 leased spaces displaced by this project -replaced by 345 owned spaces. N cl gain of 168 spaces.

·60 Slale Sl Lot - 63 leased spaces. May be privately developed and spaces lost whether or not Carr Lot project moves ahead.

OUS SJATIDM S/510PSflIR .... AlS

~ ..... ""'" ore .. ........... ore $162,892 $U6,803 .. .. $1&,289 ,oap~,,,,,

~"., $4 U ,<OO .. '" $111,100

C ""'" "", on $3pl1 ,IDl $2,S<0.960 _ ... ,.. '" $3 82,I9S Emoncemore. (Bo'. p .. h.tlri<llle) $1 .1)63 ,800 ~67,\G4 $ ' G4.273 .. $112,503

TOIAIS U,41I,lIl S4,U!,11I S~I,!,. " $i2l,l.,

REPLACE 11'1 N 1 PM.'NG ~",'22,511 ~ ,9 05 ,311 S' ,009 ,50 0 .. $1,141,1'1

INfORMIITION CI " II II $156,00') $1 ::s ,~~O S, 2,aeo .. $11,411

CONflUENO PAR. $630,00:1 $252,00:1 5252.000 .. $12i,100

UPPI II f LOOII DI IIll t1P ~,. NT $3,602,_ " $0 l3,<13,4110 $]2!.-

HAlAJIDIlU S $Iff III"" DIATIDII lT6,:nI " .. '" $15,_

101 AI. S $l1,lil,lll sn"ll,11' " ,/lJJ" 1l ,. ' J,411 $l,ln,5i1

• March 5, "00" - Article I " (by petition) saId.

" .... to borrow a SlUU not to exceed $800,000 for the City's share of acquisition and development of the Capital DIStrict Master Plan Carr Lot Project: the purchase of the so-called Carr Lot and cons truction of improvements thereon for a park ancVor public transit center ancVor a tourist infonnationlwelcome center and/or a public parking lot and/or a transportation path."

• Carr Lot CommIttee was fonned

"City passed an $800,000 bond on March 5,2002

"Federal Transit (FTA) and Federal Highway (F1-IWA) appropriations were made as a result of efforts by Senators Jeffords and Leahy .

• Wilbur Smith Associates was selected to do required Environmental Assessment \Vork