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parking requirements as prescribed herein shall be used to provide for such increase in the site <br /> intensity and/or use. <br /> N. Use of required parking spaces. Required parking spaces must be available for the use of <br /> residents, customers or employees of the use. Fees may be charged for the use of required <br /> parking spaces. Required parking spaces may not be assigned in any way to a use on another <br /> site, except for joint parking situations. Also, required parking spaces may not be used for the <br /> parking of equipment or storage of goods or inoperable vehicles. <br /> 0. Transit Service Reduction. The minimum number of parking stalls required on site may be <br /> reduced by 10%for any parcel located within % mile of a transit stop. To qualify for this <br /> reduction,the transit stop must provide regular service on all days of the week and direct <br /> pedestrian access must be provided between the building and the transit stop. <br /> P. Bike Racks. In addition to the bike racks provided as part of the streetscape, individual <br /> businesses are encouraged to provide bike racks for customers. Bike rack locations will be <br /> reviewed and approved by the City as part of the site plan review. <br /> Q. Increase to Maximum Required Parking. If additional parking is sought to exceed these <br /> maximum requirements, a conditional use permit can be sought to increase maximums up to <br /> twenty-five (25%) percent. <br /> 1. In the COR-2 sub-district, an increase of twenty-five (25%) percent in the maximum <br /> number of parking stalls is permitted without the issuance of a conditional use permit if <br /> approved as part of the site plan. <br /> R. In the COR1 sub-district, a PUMA(Parking Use and Maintenance Agreement) shall be applied to <br /> all development as follows: <br /> 1. It is the City's intent to maximize development on individual lots. In order to help <br /> landowners accomplish this goal,the City will develop public parking ramps, which will be <br /> available for public parking within The COR. In order to minimize the amount of the site <br /> required for parking,the landowner may choose to enter into the PUMA for utilization of <br /> the public parking ramps to meet all or a portion of their minimum parking requirements. <br /> 2. Each development shall be subject to a PUMA that specifies that each property in the COR1 <br /> shall be financially responsible for its proportionate share of a shared parking facility. The <br /> proportionate share shall be determined on the basis of the property's off-street parking <br /> needs, as determined by the parking requirements of Item J above. <br /> Design Framework-The COR Page 23 <br /> February 28, 2012 <br />