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HRA Regular Session Meeting Date: 09/27/2011 By: Darren Lazan, Housing & Redevelopment Authority 5. 3. Title: Approve Amended and Restated Parking Use and Maintenance Agreement (PUMA) for Parking District A Background: The current Parking Use and Maintenance Agreement (PUMA) governs the allocation of stalls and costs, uses, maintenance, etc., related to the operation of the existing Municipal Parking Ramp. To accommodate the current development plan, the PUMA requires modification to address a number of items including dedicated stalls, controlled access, and a reallocation of stalls based on the current plan. Included in the PUMA is an approved development plan and parking plan which is approved by the HRA ad developer, and requires Council approval per ordinance Attached are the current development plan (version 5.03) and a new parking plan (version 5.03) for your consideration and approval. The proposed parking plan represents a shift from previous parking concepts in that street parking is no longer `allocated' to adjacent properties, but rather left as public parking in addition to the stalls required for development. Accordingly, there are no structured stalls allocated to either The Draw or Municipal Plaza, which will rely on the combination of street parking, surface parking, and shared parking in the structures as available. The plan proposes three potential parking structures at full buildout, with 100% of the structured stalls allocated to the adjacent properties. These allocated stalls, and any private surface or underground stalls would conceptually represent all of the necessary parking to accommodate the current development plan. Attached is a parking breakdown of the affected areas, and the approximate required and provided stalls for your consideration. Notification: Observations: Recommendation: The development team recommends the HRA approve the proposed development plan and parking plan as prepared. It is further recommended that the HRA approve the amended and restated PUMA A agreement incorporating the development plan, parking plan, and updates necessitated by the currently proposed development. Funding Source: N/A Council Action: