City of Jackson Department of Public Works to Present Parking Meter Services Program
at Oct. 18 City Council Meeting
Mayor Tony T. Yarber and the Department of Public Works will present a proposed Parking Meter Services Program during the Oct. 18 Jackson City Council meeting. The program is designed to address declining parking meter revenue at no upfront costs to the City.
“Upgrading our parking meter system has been a priority for the Administration as we continue our efforts to increase revenue for the City of Jackson,” Mayor Yarber said.
Under the proposed program, Hudson and Associates, LLC, will provide new state-of-the-art meters to the City at no upfront costs. The City will own the meters at the end of the contract term. Hudson and Associates will take responsibility for maintenance and collection of the parking meters, for enforcement of parking ordinances in the area and for collection of traffic fines from those areas.
In return, the City will receive a guaranteed minimum payment of $250,008 annually and a percentage profits exceeding $250,000. Currently, the City is receiving revenue of approximately $180,000 annually from meter usage at a cost of approximately $80,000 for labor and supplies. The contract term is for 10 years with an option to the City, solely at its discretion, to terminate the contract at the end of the Year 4 and Year 7.
For the agreement to work as anticipated, the City will consider revising the hourly meter rates and enact an ordinance granting Hudson the authority to enforce the City parking ordinances in those areas with working meters.