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OPPORTUNITY SITE - 3rd and Broadway Parking Structure [201 West 3rd Streetl <br />The Site The site is a 62,243 square foot (approximately 1.43 acres) rectangular parcel on <br />the North side of 3rd Street betw <br />Location Located on the Northeast <br />corner of Broadway and 3rd <br />Street. <br />Current Uses The site is currently occupied <br />by a 146,055 square foot (3- <br />level) parking structure <br />containing 440 parking <br />spaces. The structure services <br />both transient and monthly <br />parking. Monthly parking <br />een Broadway and Main Street <br />1 fOIRiM $r r - <br />Top; , or <br />+ <br /> i W <br /> N <br />IXJC 1t{ t (RA"•,, rw z <br /> y <br /> 10 <br /> <br />? rr.ao snaffr <br />o o ` <br />: at% s <br /> <br />passes are sold on a first <br />come first serve basis with a maximum of 300 passes sold a month. <br />The City has a long term lease agreement with the California State University, <br />Fullerton Foundation for 30 parking spaces. <br />• Term: Effective January 1, 1999 - January 1, 2029 with option to <br />extend. <br />(Concurrent with term of Lease Agreement between the Foundation <br />and the City for lease of the building, commonly known as "Grand <br />Central Building") <br />• Restricts the use of 30 parking spaces on the first floor between the <br />hours of 8:00 p.m. and 12:00 a.m. every day during the term of the <br />agreement. <br />• Cost of monthly parking passes will remain $40 during the term of the <br />agreement. <br />• On-site security must be provided between the hours of 7:00 a.m. <br />and 12:00 a.m. <br />In addition, there is a verbal agreement to accommodate juror parking for the <br />Ronald Reagan Federal Courthouse. <br />All other monthly parking accommodations are on a first come first serve basis. <br />After the site was constructed, a catwalk and bridges on both the east and west <br />side were constructed providing property owners to the north direct pedestrian <br />71 Pa - c <br />19H-15