City of Surrey 2020-2024 Financial Plan

PARKING AUTHORITY

ECONOMIC PROSPERITY & LIVELIHOODS

• Develop cash-in-lieu for parking and transportation demand management options for future rapid transit corridors.

BUILT ENVIRONMENT & NEIGHBOURHOODS

• Develop occupancy-based policy for changes in parking regulations and Metering; • Update Parking Ratio requirements and TDM options for Rapid Transit Corridors to support increased transit ridership; and • Implement the East Clayton queuing street pilot to increase parking supply for the community.

PERFORMANCE MEASURES The following table identifies the key performance measures that will assist the Parking Authority Utility in tracking its progress and monitoring its contribution to building a sustainable Surrey.

Budget

Performance Measures (Sustainability Theme)

Actual 2019

Budget 2019

Division

2020 2021 2022 2023 2024

Total # of managed parking spaces—time/user restricted

Parking Authority Utility

2,210

2,260

2,260 2,260 2,260 2,260 2,260

and pay parking (Infrastructure)

278