05.21.19 BJAD Minutes f �
CITY OF BOULDER,COLORADO
BOARDS AND COMMISSIONS MEETING MINUTES SUMMARY
BOULDER JUNCTION ACCESS DISTRICTS—PARKING AND TDM
MEETING DATE: May 21, 2019
MEMBERS,STAFF,AND INVITED GUESTS PRESENT:
Board Members: TDNI: Hyde-Wright, Prant, Knapp, Bush
Parking: Prant, Knapp, Bush
Staff: Jones,Woulf, Dammann
PERSON PREPARING SUMMARY: Rachel Dammann, 303-441-4191
Meeting opened at 4:08 p.m.
BJAD Joint Commission Meeting
Roll Call -- completed
Disclosure of Conflicts of Interest—filed
Approval of April 15, 2019 Minutes
Hyde-Wright reiterated the commission talked about sending a letter to Council about TVAP
goals not being accomplished— will talk about during Matters from Commissioners.
Bush motioned to approve the April 15,2019 minutes. Prant seconded. All present approved.
Public Comment
None present.
Matters from Staff
Citywide Retail Study Initial Findings
Jones said the retail study findings are going to Council tonight. The memo and presentation are
on the City Council website. Community Vitality is working with consultant for this study. They
did shopper surveys,business owner surveys, and former business owner surveys. Staff received
906 shopper surveys and fifty-seven retailer surveys along with twenty-two closed business
interviews. Staff feels there was good representation. The feedback asks for diverse shopping,
less about boutiques, more about basic needs not being met. Children, seniors,plus size, and
mid-priced restaurants are needed. People are going outside of Boulder for free parking, no bag
fees, and no sugary beverage tax. Base Mar, East Boulder, and NoBo have needs. The final
report will be in July. The retail strategy should come out Q4 or Q1.
Knapp asked about predicted sales tax decline. Jones said there was a blip, but things look
positive now. Jones offered to have more frequent tax revenue reports for the districts.
2020 Budget Follow-up
Woulf gave an update to the BJAD budgets.
TDM --PILOT fees are lower than projected in 2019 and 2020. Property tax revenue is also
slower to develop than previously projected. Rev is projected to come online late 2020. TDM
program costs are expected to be lower than expected because the RTD costs are expected to go
down. TDM is building fund balance over time. It looks healthy.
Bush asked what the fund balance should be to be considered healthy. Woulf said 16.7%. The
City goal is 20%of operating expenses annually.
Parking- Woulf reviewed the revenue sources. Property tax revenue is lower than previously
projected. Expenses should go down after 2020. Parking is projected to being in the negative for
2020 and 2021.
Bush asked if there are estimates for what the Capital Reserve for Parking should be. Woulf
said we do not have those numbers yet. Knapp pointed out that the HOA should be responsible
for the Capital Reserve. Staff will look into the HOA reserve and financials.
Woulf offered three potential actions to maintain fund health. He suggested that support from
BJAD-TDM would be the cleanest, easiest option. If the loan would be$158,031. This scenario
includes the general fund repayment beginning in 2021 and finishing in 2024. A larger loan
would allow for a$175,000 would allow a bigger buffer. Woulfs recommendation would have
the TDM loan paid back by 2023 with a delay in the General Fund loan payback. This model
represents a zero percent interest rate loan.
Bush asked if there are any issues with a loan of this type. Woulf said there would be an issue if
the Parking fund showed a deficit for a long time, but we are looking at only a couple of years.
Hyde-Wright said a loan from the TDM fund balance could be a concern if the RTD prices
don't go the way we expect it. RTD reviews their price strategy every three years.
Knapp asked about expenses other than garage. Woulf said it is operating the garage,
maintenance, gate change, and personnel costs.
Knapp reiterated that the expenses are mostly fixed costs. Woulf agreed.
Knapp asked if staff thought Council had a preference of a loan over restructuring the general
fund loan payback. Woulf recommended 1 and 2. Action Item 3 might not be necessary.
Hyde-Wright and Bush asked what good policy is for charging loan interest. Woulf said good
practice would be to charge interest.
Hyde-Wright has some concern about the impact on TDM for giving Parking a loan,but
acknowledges that RTD fees are set for the next couple of years and there may be an opportunity
to adjust mill levies if necessary to balance the two funds.
The BJAD joint board made a recommendation to follow staff recommendations with a change
that there would a low interest rate charged. All approved.
Meeting Frequency
Jones said Council will vote on a consent agenda item to alter the meeting frequency. Staff will
inform the commission via email.
Parking Space Revenue
Jones reported that on average, a city parking space on street generates $2,000 per year. The
most productive parking space revenue is the Spruce Street lot. Garages average less per space
because they are free on Saturdays.
Prant asked about bike parking needs in downtown. Bush said Boulder Junction could use more
bike parking. Bush and Prant said that the carshare car is not being used because it is parked in
the garage. Right now it can't be parked on the street because that is public right-of-way. Knapp
asked how the commission could request a one-year pilot to lease a spot for the car share. Bush
offered to reach out to Transportation for a public-right-of-way permit similar to the agreement
for the electric car charging.
Upcoming Meetings
July— 2020 Budget&CIP Proposal Approval and Parking&Access Initiatives Update
September- Possible Joint meeting with DMC about connectivity
Matters from Commissioners
Hyde-Wright asked for a flop update at a future meeting.
Knapp would like to work with staff to incorporate the goals that the commission identified
earlier this year. I le would like to track the goal process, especially if the commission meets
only six times a year. He also offered that departments outside of Community Vitality could
provide information in meeting packets. Bush suggested adding to the July agenda to schedule
topics and visitors for the yearly plan.
Commissioners asked if there was an update on 30''' and Pearl. Jones said not yet.
Bush said the homeless camping on Goose Creek is getting worse and affecting tenants. People
do not want to walk to Whole Foods anymore.
Meeting adjourned at 5:46 pm. Commissioners determined there was no need to meet as separate
commissions.
FUTURE MEETINGS
June 19,2019 100 Broadway Conference Room Regular Meeting
APPROVED BY: BOULDER UNCTION ACCESS
DISTRI J INT COMMISSION
Attest:
Rachel Dammann, Secretarys--C-hrir, Parkingg
Alex Hyde-Wright—Chair, TDM