1 -SPR19-01;DBA19-01_114 AND 117 E 5TH STREET

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company. A few of the valet operators that are currently being contacted are ABC Valet, PPS Parking and Elite Valet Services. 5. The parking conditions will be reviewed/monitored on a quarterly basis by the Property Owner/Property Management Company and appropriate actions detailed above will be taken to ensure that the necessary PMP measures are being implemented. Through this monitoring and cooperation with the tenants as a result of the quarterly review/monitoring, a partnership will be formed to ensure that residential tenants and retail employees and Management Company personnel on the property work together to ensure adequate parking is available. Table 4 provides a summary of the Project’s composite parking supply ratio with implementation of the above-recommended PMP measures. A review of Row A of Table 4 shows that the Project’s parking ratio calculates to 1.51 spaces/unit (332 spaces ÷ 220 units). With implement of PMP measures No. 2 and No. 3, which would be attained by leasing up to 70 off-site parking spaces within the City-owned parking structure, the Project’s parking supply ratio would increase to 1.55 spaces/unit (342 spaces ÷ 220 units) and 1.83 spaces/unit (402 spaces ÷ 220 units), respectively (See Row B and Row C of Table 4). The Project’s composite parking supply ratio further increases with implementation of PMP measure no. 4, which would add an additional 80 spaces via implementation of a valet parking program. As shown in Row D of Table 4, the Project’s composite parking ratio calculates to 2.19 spaces/unit (482 spaces ÷ 220 units) with the implementation of PMP measures No. 2, No. 3 and No. 4, which exceeds the Project’s residential parking requirement of 2.15 space/unit based on the City’s TZC. Figure 11 is a bar chart of the Project’s composite parking supply ratio with implementation of the above-recommended PMP measures, and in comparison to the City’s TZC parking requirement. 1- 121