Agenda - Economic Development Authority - 12/01/2003

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parking arrangements, use of public street parking and reduction allowances for the proximity to the transit station. A Parking Plan shall be prepared as part of the Development Plan to address the number, location, sharing arrangements, and public use when applicable. The Parking Plan shall also attempt to anticipate to the extent possibl¢~ how to address Ionger term parking arrangements if the possibility of use conversion or building expansion exists. Parking shall be provided under any of the following arrangements: Off-street parking in the TC-i and TC-2 Sub-Districts shall be secured for public use through parking easements and other appropriate conveyances. Individual businesses located in the TC-I' Sub-District shall not secure parking spaces unless they can be accommodated in a parking structure or inside a building. Shared parking arrangements bem, een nearby uses are encouraged in both Sub-Districts. On-street parking adjacent to buildings may be used for the purposes of calculating parking requirements for street level, non-residential uses. A Parking Plan shall accompany a Development Plan and any revisions that may occur over time. Consultation with the City prior to preparing the Parking Plan is recommended given the number of sources that may be used for basetine assumptions. Wit?fin the TC-4 Sub-District, parking on individual parcels serving individual uses may be provided if designated and approved as part of the Master Plan. e. Minimum required parking shall be calculated based on the £ollowing: Retail 4 Restaurants 5 Offices 3 Medical offices, clinics 4 Health clubs 3 Theaters, places of assembly 1 Residential Attached or detached 2 Multi-family units 2 per 1,000 sq. ft. per 1,000 sq. ft. per 1,000 sq. ft. per 1,000 sq. ft. per 1,000 sq. ft. per 4 seats per unit per unit f. Maximum required parking. For nonresidential uses, the maximum amount of surface parking shall not exceed the specifed minimum by more than 25 percent. If additional parking is desired, it must be placed under~ound, within an enclosed building, or in a tuck-under garage. The City may' require payment of an amount equal to the value of the required parking on a per stall price basis. Funds collected by the City shall be deposited in a special fund used only to acquire and/or develop off-street parking facilities for the Town Center. The City will deten-nine the appropriate contribution.