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Parsons Transportation Group, Inc., with additional analysis • prepared by Austin-Foust Associates, Inc. Based upon the finding of a literature search and actual parking demand case studies at three existing HD Supply (formally Contractors' Warehouse) locations, the study concluded that the peak parking demand on the single highest day of the year will not exceed 90 parking spaces including all contractor vehicles. The project provides 104 on-site parking spaces for customer use. Therefore, applying the strict letter of the City parking code would, in this particular case, deprive the subject property of attracting a use to the property that is otherwise allowed by right in the heavy industrial zoning district and therefore would deprive the subject property of privileges not otherwise at variance with the intent and purpose of the provisions of this chapter. 2. That the granting of a variance is necessary for the preservation and enjoyment of one or more substantial property rights. The granting of the parking variance will preserve the property owners right to develop and lease a vacant industrial property with a use that is allowed by right in the Heavy Industrial (M-2) zoning district. The new use will help to revitalize a vacant industrial property which will preserve the property owners right to upgrade, develop and lease their property. 3. That the granting of a variance will not be materially detrimental to the public welfare or injurious to surrounding property. The findings of the parking study completed by Parsons Transportation Group, Inc., with additional analysis prepared by Austin-Foust Associates, Inc., Traffic Engineers, indicate that the peak parking demand on the single highest day of the year will not exceed 90 parking spaces including all contractor vehicles. The project provides 104 on-site parking spaces for customer use. Based upon the findings of the parking study, there will be adequate parking on the subject site at times of peak demand and therefore, the granting of the variance fora 72-space parking reduction will not be materially detrimental to the public welfare or injurious to surrounding property. Granting of the variance will allow the owner of the site to lease their property to an industrial user that is otherwise allowed by right in the Heavy Industrial (M-2) zoning district. Granting of the parking variance will • allow the property owner the right to utilize their property in a manner that is consistent with surrounding industrial uses. Resolution No. 2007-016 Page 2 of 8