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CITY of SOUTH BEND <br /> 77-- <br /> v'= ROGER O. PARENT, Mayor <br /> _, el <br /> y' COUNTY CITY BUILDING SOUTH BEND, INDIANA 46601 <br /> \O <br /> \\\N° i <br /> Michael L. Vance 219/284-9742 <br /> Director, Administration and <br /> Finance <br /> November 18, 1987 <br /> Mr. Joseph T. Serge <br /> President <br /> South Bend Common Council <br /> 4th Floor County-City Building <br /> South Bend, IN 46601 <br /> Dear President Serge: <br /> The enclosed ordinance amending the parking rates for City owned <br /> lots and garages is being filed for first reading at the November 23, <br /> 1987 Council meeting. <br /> It is my hope the public hearing and second reading would then <br /> take place at the December 7, 1987 Council meeting. As you and the <br /> Council are aware, the administration has been reviewing parking <br /> rates in the downtown area and. Redevelopment is contemplating the <br /> construction of a new parking facility on the northwest corner of the <br /> intersection of Wayne Street and St. Joseph Street. In order to <br /> provide parking at a price reflective of the cost in that facility, <br /> the other two garages, and flat lots, I would suggest that parking <br /> rates be amended as proposed in the ordinance. <br /> A recent survey of the privately owned garages in the downtown <br /> area shows the following: <br /> Valley American Garage $50.00 per month <br /> 1st Source Bank Garage $40. 00 per month <br /> First Interstate Garage $35.00 per month <br /> The rates for the municipally owned garages would still result in <br /> a lower monthly parking rate than the other facilities. Group <br /> monthly rates would still be available although they have been <br /> increased slightly. <br />