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of creating a severe parking problem in the area, since it depends both <br /> on the future availability of alternative parking in the area and on the <br /> actual future parking needs of the Fidelity Savings Building. For <br /> purposes of this environmental review, it will be presumed that the loss <br /> of parking spaces by the Fidelity Savings Building will amount to a <br /> significant effect on the environment only if it is not mitigated so as <br /> L to provide that building with at least the 351 spaces required under <br /> current City off-street parking standards. <br /> L <br /> (It is true, of course, that even with mitigation to the <br /> L extent of providing 320 spaces, the Fidelity Savings Building would <br /> still lose the 67 spaces it now has in excess of City standards, and <br /> that such decrease, while not deemed substantially adverse to the <br /> environment, does take away something of value to KLST. This, however, <br /> would be a loss of value for which the Agency would be required to1 <br /> I compensate KLST in the course of its acquisition of Sales Parcels 3 and <br /> S by purchase or eminent domain). <br /> Lit.; <br /> In order to provide 351 spaces to the Fidelity Savings <br /> K Building, it will be necessary to provide that building with additional <br /> land usable for off-street parking. The amount of land required will <br /> depend upon the City's requirements for parking space size and aisle <br /> width as well as the amount of additional spaces to be provided. The <br /> existing Fidelity Savings Building parking area is designed for <br /> I. <br /> V full-size car spaces. The City zoning code does allow, however, for up <br /> to 40 percent of parking spaces to have the smaller dimensions <br /> L prescribed for small cars together with some reduction in the width of <br /> aisles serving such small car spaces. <br /> The Redevelopment Agency currently owns the strip of vacant <br /> land between the Fidelity Savings site and the Owens Drive extension to <br /> the south. Of this land, approximately 26,300 square feet lies to the <br /> south of that portion of the Fidelity Savings site which would remain <br /> after the loss of Sales Parcels 3 and 5. The City's Planning Department <br /> has conducted a review which indicates that, if this 26,300 square foot <br /> 54