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Mr. William Rothacker, Jr. <br />April 13, 2016 <br />Page 7 <br />parking demands observed as well as each proposed tenant use and its corresponding <br />hourly Shared Parking demand, which were presented in Tables 5, b area 7, are depicted <br />in these three figures relative to a shared parking supply of 711 spaces. A review of <br />these figures indicate that the site's parking supply will adequately accommodate Target <br />Center's weekday and weekend hourly shared parking demand of all existing and future <br />uses, including the proposed restaurant uses, for all morning, midday, afternoon and <br />evening hours. <br />Based on LLG's experience, the results presented in Tables 5, S and 7 represent the <br />most pragmatic approach to future parking conditions. <br />Consequently, it is concluded that there is adequate parking on site to accommodate <br />the proposed tenant mix. In addition, based on a functional capacity of 90% parking <br />utilization for the Center, which equates to a 640 - parking space peak parking demand, <br />an additional 23,000 SF of existing retail use could theoretically be converted to food <br />service/restaurant use without exceeding the functional parking capacity of the <br />Center. This would result in a combined total of up to 47,800 SF of proposed <br />restaurant use. <br />PARlGING MANAGEMENT PLAN <br />This Parking Management Plan (PMP) outlines the proposed key parking <br />management strategies to maximize the availability of parking for customers and <br />employees of the site. The City has requested that a PMP be implemented to ensure <br />that the most desirable parking spaces are made available to customers. <br />PMP Measures <br />Specifle PMP measures are described below, and were developed based on the <br />following objectives. <br />❑ The PMP should identify employee parking areas. <br />❑ The PMP should help develop the framework for a detailed employee parking <br />program. <br />1, The PMP should identify the employee parking locations. Employees should be <br />focused to pails in the back parking areas while leaving the most desired parking <br />For customers. Figure 7 identifies the parking area that employees should be <br />directed to park. <br />Cadence Capital Investments, LLC will work closely with the tenants to insure that <br />both employees and property management work together to provide the best shopping <br />31 B -18 <br />