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"Using the assumptions above, the residential portion of the project is forecast to have <br />an unadjusted peak parking demand of 349 vehicles. Including the 50 spaces required for <br />the retail space would increase the forecast total peak parking demand for the project to <br />399 parking spaces. Please note that if it were conservatively assumed that all the <br />affordable housing sites surveyed in the Los Angeles study also had excellent transit <br />access (and the separate reduction for transit access was eliminated from the parking <br />calculations) then the project would have a forecast average peak parking demand of 504 <br />vehicles. Based on the proposal to accommodate this demand with an on -site parking <br />garage with 620 parking spaces, our conclusion is that no parking impacts to the <br />surrounding roadways or properties in the area would be anticipated. " <br />The analysis provided clearly demonstrates that the parking to be provided at First Point is more <br />than sufficient based on widely -accepted methods of determining parking demand, particularly <br />as applied to affordable housing with excellent access to transit options. <br />Additional Parking Related Provisions <br />In order to comply with the project's entitlement and density bonus, and in order to address <br />concerns that resident parking behavior and project circumstances may change over time, the <br />project owner will provide additional measures to mitigate unforeseen parking demand. Such <br />measures will be reviewed annually between the City and the project owner and adjusted as <br />appropriate between the owner and the City and within the bounds of the entitlement and density <br />bonuslaw. <br />All resident households will be assigned one on -site parking space. To supplement resident <br />transportation needs, owner will provide an owner -funded, free shuttle service for project <br />residents, employees, and commercial tenant employees. The shuttle service will provide <br />transport along a specific route to key public transit connections during peak hours 365 days per <br />year (unless those transit options are not operating) from the hours of 6:00 a.m. to 9:00 a.m. and <br />3:00 p.m.to 6:00 p.m. The shuttle will run in a circuit from the project to the Santa Ana Regional <br />Transit Center as well as ancillary off -site parking or transit options, as determined and adjusted <br />from time to time between owner and the City. The shuttle will be operated and insured by the <br />property and/or a third party shuttle company or property management company. The shuttle, at <br />all times, will have a properly licensed and qualified operator. All shuttle routes and stops will be <br />subject to mutual review and approval by the City of Santa Ana and owner. <br />The owner will also be providing an owner -funded, free valet service, which will transport <br />residents to and from specific off -site parking facilities during the same hours as the shuttle <br />operation. While all resident households will have one assigned parking space on site, this <br />service is intended for the convenience of those resident households that elect to have a second <br />vehicle, for which the project does not have on -site parking. The off -site parking options for <br />which the valet service will be provided will be negotiated in bulk by the project owner and paid <br />for on an individual resident basis between the project resident and the parking lot owner. <br />Page 4 of 16 <br />60A-102 <br />