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HomeMy WebLinkAboutStaff Report 13633City of Palo Alto (ID # 13633) City Council Staff Report Meeting Date: 12/6/2021 City of Palo Alto Page 1 Title: Discuss and Provide Direction to Staff on Development of New Parking Facilities in the University Avenue Downtown Including Consideration of: (a) Resuming Work on the Garage Project at 375 Hamilton Avenue; or (b) Issuing a Request for Information (RFI) from Private Partners Regarding Development of Parking Using Parking In-Lieu Fees, Potentially in Conjunction with Housing or Other Uses, on Private or City-Owned Properties From: City Manager Lead Department: Administrative Services Recommendation Staff recommends that Council discuss and provide direction on next steps regarding development of new parking facilities in the University Avenue area, including potential direction to: a)Direct staff to resume the Downtown Parking Garage Project at 375 Hamilton Avenue (Lot D)including, but not limited to, identifying a timeline and additional funding sources or determining if modifications to the proposed design are appropriate; or, b)Initiate a Request for Information (RFI) to examine feasibility of partnering with a private entity (for-profit or non-profit) on development of new parking using Downtown In-Lieu Parking Fees, potentially in conjunction with housing or other uses. At Council’s discretion, this could, include the use of the City’s surface lots or privately-held parcels. Executive Summary Under certain circumstances, the City allows Downtown property owners who are redeveloping their property to satisfy all or part of parking requirement by paying Parking In-Lieu fees to the City. The City uses these fees to construct new parking facilities. The City developed a plan to use accumulated Parking In-Lieu funds to construct a parking structure on Lot D at 375 Hamilton Avenue. In 2019, the City Council approved the garage design and certified the Environmental Impact Report (EIR) but did not immediately proceed with construction. Council directed staff to return with a range of options to address Downtown parking needs. Staff is returning to Council seeking direction on the use of the In-Lieu parking fees which would likely be some variation of: a) initiating a request for information from potential partners for the development of new parking in conjunction with other needed uses, such as housing, or b) 10 Packet Pg. 285