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Title
City of Santa Ana Parking Revenue Losses and Additional Security Costs
Overview
The City of Santa Ana is offering free parking in Downtown Santa Ana during certain hours of the day to assist businesses during the construction of the OC Streetcar. Staff has worked with the City of Santa Ana to better understand the extent of parking revenue losses and additional security costs. The Orange County Transportation Authority could reimburse the City of Santa Ana for actual parking revenue losses and security costs, during the period of February 2022 and December 2022, which could allow for expanded hours of free parking in Downtown Santa Ana.
Recommendation(s)
Recommendation
Provide up to $679,748 to the City of Santa Ana based on actual losses in parking revenues and verifiable additional costs incurred between February 2022 and December 2022.