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Home My WebLink About0382.0941-, , July 2~, 1994 HONORABLE CITY COVNCIL Palo Alto~ California J..t:!.:..L..l!.!! .. PARKllliLEEQUIREMENTS FOR 531 -,OlOPER PROJECT. Members of the Council: RBPORT IN BRIEF The purpose of this :report is to inform the Council of <In agreE'.ment between Pl'emier Properties and the City of Palo Alto, regarding a aexies of measures that will satisfy the parking requirement for Premier Properties I new project, nearing completion of COtlstl-UC t ion i at 531 Cowper Stl'eet. This is i\n informational report, no Council action is required. BACKGROUND A condit ion of approval of a Planned Comrr,unity District (O:rdinance No, 11052) for Premier Pl.'operties' new project at 531 COI.;per iv that the developer pay the City an in-lieu parking fee of $23,000 per space for the 36 parking spaces attributable to t,lle building squa:ce foot:a.ge ($828,000 total). The ordinance also provides that Iolithin one year after occupancy of the project, the Director of planning and Community Environment,. at his discretion, may pel'mit the owner to ~educe the amount of the in-Ueu parking fee or sE;'.ek a refund of fees pairl by providing an equivalent number of suitable off-site parking spaces. • PROI'OS~.L TO MEET P/UU(IN(J REQUIREMENTS Following an extended period of discussion and negotiat ion, agreement has been reached between Jim Sacr. for Premier Properties and the Director of Planning and Community Environment, concerning the following series of measures for satisfying all parking requirement.s for the 531 Cowper project. 1. C:ceation of twelve valet -parked tandem spaces in the basement of the President Apartments building across the street from the 531 Cowper project. This is to include written assurances C1>IR:382:94 L \ i i I , -,' I· .... , , 'Ir<~ <: .~.t:;.~ ~,:.~ ;:', .. th€\t r;he spaces will b(l: used dUl'ing the pet"iod[) of peak parking dema:nd and that these spaces will remain available in perpetuity, or ot-hen-doc be replaced with allernative accept able spaces and in-lieu payment. 2. Creation of nine new pal':king spaces at 325 Lytton. which h~ve oo('.n added sillce adoption of the 531 Cowper planned community :zoning ordinance. Tilis is to include written assurance that tilEr l:equired JHlmbcl: of pa~king spaces for 325 Lytton is increased \lY nine spaces $0 that they r-ema1n available in pOl'petuity, or otherwise be replaced with alternative accept able Bpacea or in-lieu payrr',ent. 3. Ref~.Il'bieh:'tent of sever; City owned parkill9 lots (Lots K, D, H, 1'4 S. P 5; FO" within the dO'(mtown ,'nea. Work is to incillde: (a} physical modifications to rr;~er_ ADA requil-ements, (b) re placer:"cllt. of bl:oken cllt'bs, (c) base failure removal and patch ing. (d~ slurry seal the cnti:rc surface of each lot, and (e) .i natall now pove,~.l;wt (;-:(:l:ddngs lIsing lhermoplast ie matet-ial. Tho parking lot refUI·bishrr.ent project will result in a Ilet gilin of seven pal'king spaces, after a credit [Ot" spaces lbar~ ,",,'ould )lave been lost. i.f the City itself had proceeded with iti:ple~;entati6n of ADA rcquirel'".ents in these lots. P.l'ovision that SJ 1 Cow-pel." wi 11 pay annual parking ilssess "'cr.t Ca) on its enti:re space and not receive any credit (or off-site space.et. The financial implication of such an .arraflgerr,ent.. Wilh respect to the current annual assessment district pa}'f;''crmts, is th?lt 5)1 Cowper ""ould pay an extl.-a $2,600 pr.-r y-ear in annuill pat-ki.ng related asse.'3sments. city staff~n initial approach to the issue of in-lieu fees versus obt..aining now spaces ,",,'as that obtaining additional parking spaces is preforable, especially given the time and difficulty involved in u~i.,g funds to create new public parking spaces. Regarding the otf-B~te pal'king spaces, tne 1986 Dmrmtown Study encouraged USE> of off~8ito sPJlces located within the boundaries of the Assessment District anti provid~& fOl" the use of tandem spaces. The initial <:HscuRsiol\s with Pl.-ernier Properties included the aS8urnpt ion that' on the ordet· of 15 to 20 additional spaces would result (rom ~.-efUl"bishing the City parking lotlJ, This 3ssumption was baaed on 'work done by parki.ng consultant Nick Watry for the Chamber of Co~-.rnarc~. as part of the pt'ocess of developing the Chambe).--r~colM',ended (as subsequently Coullcil-endorsed) 12 -point Downtown ParKing Plan. Subsequent prepC1.ration of detailed irtlprov€ooent plans resulted in the number of new spaces being reduced. This :l~eductioll occur:n~d primarily be:cause the initial plana developed by Mr. Watry contained numet·ous inaccuracies, and further ul\derstilnding of Americ.lns with Disabilities Act (ADA) requirements resulted in additional an~a being devoted to required Handicapped Parking. 7/21/94 Page 2 " l, \ \ \ \ \ \ · . Staff continued the discus~1ol1 of impl"Ovirig the seven paridn9 lots because they arc in need of substantial physical imp:t'ovement (e .g., widespread potholes and othe.r il.oic.1..tions of Pase Cailtln;-, broken cu"rba, cxacked pavement~ water retention proclel',\s), H",ving thE: developer improve sevel\ lots is a v(l.luable benefit for the Downtown and the Assessment District. It is also .1 benefit for the City in having the private nector unde):'take the rlesign-and n1anage,tent of .(I. traditional ca,pitai improvement pt'oject. The estimated costs to be incurred by Premier P::oprn"ties in rehabilitating the parking Iota exceed the in-lieu payr..ent: that the City would have l'eceived, if the altet:native of pr.~\'iding aome parking spaces and paying an in-l ieu fee fOl-the l">:!"rnaindel" 'of the required spaces had been selected. PLAN POR PARXIKG LOT REFURBISKHEWr NOR~ At the present time, it is anticipated that th(; p:ro~05t~d p(jxkinq lot refurbishment ""ork \\'1.11 be ~'\cco:",plit;hed sc-;-_C:ti~e during the period of late July to l{.te Augllf.lt, fit l. In.(H;, pOl't iOllS of park ing lots will need to be closed for l1aif O~: full d,1.)' pedods. The ",·o'd<. will be Ol"gani2£d. priol'iti2~d dlHl 3d~cd\l1·.;!d j.n a r:'.<lnner that: minimizeA any ten~orary loss of parkirlg (incllJdil19 t/:e possibility of doing some of the .... ·ork on Stmdays) not.let'S It·,ill i:e pr·ovidcu to businesses s1..llTounding the affected pC\~-kil1~ lots. Respectfll1ly submitted, ~N~ 7f'44.£;/v~ KENNETH R. SCHFHDBEI~ Director of Planning and Community Envi>':onrnenl Attachment ~ Map of downtown public p,l:rking lots and garages cc: Jim Daer, Premif30r Properties Susan prallk~ Chamber of Comrr.e:rce "1/21/94 Page :3 , (' • -i .. , -, UNIVERSITY t,vgNUE PARKWG ASSfSS.<lflif DISTRIcr PARK I/IG LOTS. __ • _ • ___ F';~iiH ASSfS.)'(IE.lfT V1STR'ICT .Ullillt . &JU.YVARI ES 2M 0 200 400 13::::Ed'-t---i o NUMBER Of PERl.IIT PARKI/.'G SPACES o TOTAL NIL'IBER OF PARKING SPACES /::, !.Of C PARKWG SPACES RfSfRVfV fOR PALO ALTO SENiOR CWTER fEET 9fll191 , . --~1' I " ) ->~~': .. , :: -, '.' ~,,:~~i ·:'.c.:~_.