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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 />O. 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 />