The early figures on paid parking are in for the village.
Cooperstown Mayor Jeff Katz said on Tuesday that the final revenue total for the new meters in the first year of paid parking on Main and Fair streets, which ended on Labor Day, was $169,672.85.
In addition, the village sold 750 $25 parking permits for an additional $18,750.
The figures are slightly lower than anticipated, but more than enough to cover costs and budgeted expenditures based on expected revenues, according to Katz. He said most of the shortfall was because of technical problems at Doubleday Field and in the start-up of the on-street paid parking.
The 13 pay-and-display meters, with shipping and setup charges, cost $103,840 and were purchased from Access Technology Integration Inc. The money came from reserve funds from the 2012-13 budget. In addition, the machines cost $50 per machine per month for processing and communications, a total of $1,950 for three months. In the offseason, the cost goes down to $10 per machine per month.
The additional funds will be used to repave Susquehanna Avenue this fall and begin work on the Main Street sidewalk project next spring. The Susquehanna paving work was budgeted contingent on the new parking system paying off, and will cost about $68,000.
“Revenue from on-street paid parking is allowing us to start meeting, in a more proactive way, the infrastructure demands of the village,” Katz said.
The revenue figures do not include the two meters moved to the Doubleday Field parking lot. The meters were moved after the old machines there were shut down because Verizon could no longer provide communication services for credit card transactions. The field parking lot will continue to be paid parking on weekends through Columbus Day, and revenue figures from those two machines will be available then.
The village projected $315,000 in parking revenue this year, counting both the new meters, the permits and the Doubleday lot. Last year, the Doubleday parking brought in about $125,000.