60A - DENSITY BONUS AFFORD RENT PROJ

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"Using the assumptions above, the residential portion of the project is forecast to have an unadjusted peak parking demand of 349 vehicles. Including the SO spaces required for the retail space would increase the forecast total peak parking demand for the project to 399 parking spaces. Please note that if it were conservatively assumed that all the affordable housing sites surveyed in the Los Angeles study also had excellent transit access (and the separate reduction for transit access was eliminated from the parking calculations) then the project would have a forecast average peak parking demand of 504 vehicles. Based on the proposal to accommodate this demand with an on -site parking garage with 620 parking spaces, our conclusion is that no parking impacts to the surrounding roadways or properties in the area would be anticipated. " The analysis provided clearly demonstrates that the parking to be provided at First Point is more than sufficient based on widely -accepted methods of determining parking demand, particularly as applied to affordable housing with excellent access to transit options. Additional Parking Related Provisions In order to comply with the project's entitlement and density bonus, and in order to address concerns that resident parking behavior and project circumstances may change over time, the project owner will provide additional measures to mitigate unforeseen parking demand. Such measures will be reviewed annually between the City and the project owner and adjusted as appropriate between the owner and the City and within the bounds of the entitlement and density bonus law. All resident households will be assigned one on -site parking space. To supplement resident transportation needs, owner will provide an owner -funded, shuttle service for project residents, employees, and commercial tenant employees. The shuttle service will provide transport along a specific route to key public transit connections during peak hours 365 days per year (unless those transit options are not operating) from the hours of 6:00 a.m. to 9:00 a.m. and 3:00 p.m.to 6:00 p.m. The shuttle will run in a circuit from the project to the Santa Ana Regional Transit Center as well as ancillary off -site parking or transit options, as determined and adjusted from time to time between owner and the City. The shuttle will be operated and insured by the property and/or a third party shuttle company or property management company. The shuttle, at all times, will have a properly licensed and qualified operator. All shuttle routes and stops will be subject to mutual review and approval by the City of Santa Ana and owner. The owner will also be providing an owner -funded, valet service, which will transport residents to and from specific off -site parking facilities during the same hours as the shuttle operation. While all resident households will have one assigned parking space on site, this service is intended for the convenience of those resident households that elect to have a second vehicle, for which the project does not have on -site parking. The off -site parking options for which the valet service will be provided will be negotiated in bulk by the project owner who will collect fees paid for by the resident and make payment to the parking lot owner. 60A-42