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Mr. William Rothacker, Jr. <br />April 13, 2016 <br />Page 6 <br />Based on the existing parking supply of 711 spaces, the peals demand hours on a <br />weekday will yield a deficiency of 235 spaces. On a weekend the theoretical peals <br />parking demand will occur at 2:00 PM with a peak demand of 921 spaces resulting in <br />a deficiency of 210 spaces. However, because the center is approximately 95% <br />occupied, the "blended" survey /shared parking analysis is the most appropriate <br />analysis methodology for this development. <br />SURVEY /SHARED PARKING METHODOLOGY <br />Key Parking Demand Field Study Findings <br />Hourly surveys of actual parking demand were conducted at the site front. 5:00 AM <br />through 5:00 PM on Thursday, Friday and Saturday (August 13, 14, and 15, 2015). <br />All parked vehicles during each hourly survey round were counted and recorded. The <br />field study was performed by Transportation Studies, Inc. <br />The left column of Tables 5, 6 and 7 present the actual site -wide parking demands <br />observed throughout the center on the three field -study days. As shown, the actual <br />peak parking demand on Thursday was 31.1 spaces at 7:00 PM. The Friday peals <br />demand occurred at 12:00 PM with 335 spaces. The Saturday peals demand occurred <br />at 2:00 PM with 323 spaces. Appendix A contains the weekday and weekend survey <br />data. <br />Actual Demands "Blended" with Shared Parking Application to Vacant Floor <br />Area <br />In order to provide a realistic "forecast" of future peak parking demands at Target <br />Center, utilization of the actual field study data for the existing tenancies has been <br />combined with a forecast for the proposed tenant mix, Tables S, 6 and 7 also presents <br />this approach, which consist of adding actual field- studied demands to the City code <br />parking ratios applied to ULI time-of-day parking profiles for the vacant floor areas, <br />for a typical Thursday, Friday and Saturday respectively. Appendix B contains the <br />weekday and weekend day shared parking analysis calculation worksheets. <br />As presented in Tables S, 6 and 7, the peak parking demand is 452 parking spaces at <br />12:00 PM on a Thursday, which results in a minimum functional surplus of 259 <br />spaces. Peak overall parking demands on a Friday are forecast at 509 spaces at 12:00 <br />PM, for a minimum functional surplus of 202 spaces, Peak overall demands on a <br />Saturday are forecast at 473 spaces, resulting in a functional surplus ol'238 spaces. <br />Figures 4, 5 and 6 graphically illustrate the Thursday, Friday and Saturday hourly <br />parking demand forecast for the Target Center, respectively. The existing site -wide <br />31 B -17 <br />