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Jeremy Ogulnick May 5, 2020 Page 14 4. To implement the valet operation, the Property Owner/Property Management Company would engage the services of a well -established valet operations company to develop a detailed plan that would include drop-off and pick-up locations. It is our understanding that Parking Concepts, Inc. has been engaged to assist the Property Owner/Property Management Company team in developing a valet parking operation plan for the Project. Figures 10, 11, 12 and 13 presents the location of the 49 valet/valet assist spaces. Residential Com op nent 5. The Property Owner/Property Management Company shall assign one (1) parking space to every unit. Additional spaces may be assigned to any unit that requests additional assigned spaces dependent on the number of bedrooms provided within said unit. The 2"a access/tandem spaces should be assigned to two -bedroom and three -bedroom units. The Property Owner/Property Management Company shall determine the allocation of parking spaces for resident tenants and location of guest parking spaces, inclusive of spaces designated and signed for prospective resident tenants. 6. Relative to the provision/installation of vehicle lifts, the Property Owner/Property Management Company shall install up to 212 vehicle lifts. Figure 10, 11, 12 and 13 presents the location for vehicle lifts. The Property Owner/Property Management Company will assign 15 lift spaces to the three -bedroom units and 197 lift spaces to the two -bedroom units. 7. The Property Owner/Property Management Company, if deemed necessary, may allow resident guest to utilize the valet program identified in Measure No. 5, as an enhanced service. To implement the valet operation, the Property Owner/Property Management Company would engage the services of a well -established valet operations company, similar to PMP measure No. 3. Retail/Commercial & Residential Component 8. The parking conditions for the Project 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. 9. The Property Owner and/or Property Management Company will install "car lifts" to accommodate resident parking demand to achieve a desired parking ratio of 2.0 spaces per unit per the direction of the City. %--M014G04274 Emaery Smna Ane Rgro„W2Y4 the Bowery Reeis.d P7,5Gi1596n.Pi„n iru ian,i"