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area were added on to the remainder of the existing Fidelity Savings <br /> parking area and the entire parking area were then redesigned to provide <br /> -. 35 percent small car spaces, then 259 total spaces could be provided. <br /> This still leaves 92 spaces to be provided, and the only land available <br /> for this purpose appears to be some part of the Fashion Square Project <br /> site itself. <br /> It is therefore recommended that the Agency and the Developer <br /> seek an agreement with KLST to provide additional off-street parking, <br /> sufficient to satisfy City code standards, for the Fidelity Savings <br /> Building by sale or lease, or some combination thereof, of both the <br /> vacant Agency land to the south and some portion of the Project site in <br /> the near vicinity. The amount of land involved will depend upon the <br /> extent to which the existing and additional parking area is redesigned <br /> for small car spaces, which is a matter to be negotiated by the <br /> interested parties. At the least, however, the Agency and the Project <br /> -t <br /> * Participants should offer KLST sufficient land at fair market value (or <br /> I- <br /> * fair rent) in trade-off against the land to be acquired for the Project <br /> (Sales Parcels 3 and 5), to allow for a total of 351 parking spaces, <br /> assuming the maximum number of small car spaces, with the Agency and/or <br /> the Project Participants to bear the cost of installation of the new and <br /> redesigned parking areas. <br /> 3- <br /> (It may prove advisable to offer more land for more spaces in <br /> L. order to avoid potential severence damages, but this is a legal and <br /> economic issue rather than an environmental concern). <br /> U <br /> Cumulative Impacts <br /> I <br /> Construction of the "cumulative projects" listed in Table 3 <br /> would result in a high intensity of commercial and office uses in the <br /> * project area. The proposed project in addition to the other proposed <br /> projects would convert existing vacant land into commercial uses, which <br /> would reduce open space in the area. However, the area is proposed for <br /> commercial uses by the respective general plans and, therefore, the <br /> 55