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businesses. To ensure the commercial component of the project is constructed, the applicant has agreed to execute a Mutual Declaration of Acknowledgment and Acceptance of Approval Conditions. Onsite Parkinq Onsite parking is proposed in a combination of large, secured parking structures, a small surface parking lot, and in parallel spaces on the project's private lanes. The small surface parking lot will be located on Redhill Avenue and will contain 28 parking spaces. This lot will provide quick, convenient parking to passerby traffic near the project site. In the event the parking lot fills, additional parking will be available in the project site's multiple onsite parking structures. The project site will contain four large, multi -level parking structures wrapped by the project's four primary mixed-use/residential structures (Buildings A, B, C, and D). These structures will contain parking for both residents, residential visitors, and customers and employees of the commercial components. The project will provide 2.0 parking spaces per residential unit and 5 spaces per 1,000 square feet of gross commercial area for a total of 2,600 parking spaces. Additional parking details are provided in Table 3: Onsite Parking below. Of the total parking spaces provided, the project will construct 2,388 onsite parking spaces, which will be comprised of 1,988 residential stalls and 351 commercial stalls. Through mandatory onsite valet service, the 351 commercial stalls will be configured to allow up to an additional 49 valet stalls, achieving the commercial parking ratio of 5 spaces per 1,000 square feet (1 per 200 sq. ft.). The 1,988 residential stalls will be retrofit in select areas to contain 212 parking lifts, which will result in a residential parking ratio of 2.0 spaces per unit. The parking structures will be designed and engineered to incorporate installation of these vehicular lifts. Table 3: Initial Onsite Parking Building/Area Quantity Parking Spaces and Ratio A 280 residential units 505 stalls and 55 lifts 560 spaces total); 2.0 per unit B 244 residential units 441 stalls and 47 lifts 488 spaces total); 2.0 per unit C 322 residential units 580 stalls and 64 lifts 644 spaces total); 2.0 per unit D 254 residential units 462 stalls and 46 lifts 508 spaces total); 2.0 per unit Commercial and Surface Parking Areas (Buildings A, B, and C, and two freestanding ads 80,000 square feet 400, comprised of physical and valet spaces (1 space per 200 square feet) Total Initial Onsite Parking 2,388 spaces The applicant has prepared a parking management plan (PMP) (Exhibit 10) that contains details for managing the onsite commercial valet parking and installation of vehicular lifts. The PMP also details how valet services will meet the commercial component's customer and employee needs for onsite parking, for example when the project site's surface parking area reaches full capacity. 75C-400