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Mr. Tim O'Brien <br />January 23, 2019 <br />Page 7 <br />Project Parking Supply versus Demand <br />The bottom portion of Table 3 estimates the project's parking needs based on the <br />application of the average, 850h percentile, and 95" percentile parking rates from <br />comparable sites. For the 226 units as now proposed, it is estimated that the average <br />demand would be 305 spaces, the 85'h percentile demand would be 334 spaces, and <br />the 95'h percentile demand would be 364 spaces. Comparing the 95 h percentile <br />demand of 364 spaces against the proposed supply of 452 spaces yields a surplus of <br />88 spaces. <br />Given these results, we conclude that the proposed parking supply of 452 spaces is <br />adequate to accommodate the parking needs for the Legacy Sunflower Apartment <br />Project. In addition, on -site management of the project will utilize best management <br />practices to insure that all tenants understand that parking of vehicles is only permitted <br />on site and is a condition of the rental agreement. <br />SUMMARY OF FINDINGS AND CONCLUSIONS <br />The Legacy Sunflower Apartment Project is proposing to construct a podium <br />style apartment project consisting of up to 226 apartment units within five stories, <br />consisting of 35 studio units, 114 one -bedroom units, and 77 two -bedroom units. <br />Parking is proposed via a multi -level parking structure consisting of 452 spaces. <br />2. This parking demand analysis validates that the proposed parking supply of 452 <br />spaces is adequate to accommodate the parking needs of the Project. <br />3. Direct application of City of Santa Ana Municipal Code parking requirements to <br />the proposed Project (226 DU) results in a total parking requirement of 379 parking <br />spaces. With a proposed parking supply of 452 spaces, a code surplus of 73 spaces <br />is calculated. Given these results, the Project is anticipated to provide adequate <br />parking based on direct application of City code. <br />4. Based on a comparison of parking ratios between twelve (12) sites within the <br />cities of Fullerton, Orange, Santa Ana, Irvine, Costa Mesa, Monrovia, Laguna <br />Niguel and Pasadena, a 95'h Percentile "design -level" parking ratio of 1.61 was <br />applied to the proposed 226 units which results in a parking demand of 364 <br />spaces. With a proposed parking supply of 452 spaces, a surplus of 88 spaces is <br />calculated. <br />751-68 <br />