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Mr. Robert Bisno October 3, 2017 Page 9 assigned to specific units of the studio units and/or 1 bedroom units, as determined by the leasing office/property management company. SUMMARY OF FINDINGS AND CONCLUSIONS 1. The Madison Mixed -Use Development Project is proposing to construct a podium style apartment project consisting of up to 260 multi -family residential units and 6,561 square -feet (SF) of retail/commercial space in the Metro East Mixed -Use Overlay Zone of the City of Santa Ana. The project site is a 2.79 -acre vacant parcel of land that is located at 200 N. Cabrillo Park Drive. The proposed Project will include a total of 260 apartment homes consisting of 54 studio units, 143 one - bedroom units, 11 one -bedroom with loft units, 44 two-bedroom units, 4 three- bedroom units, 4 live/work units, and approximately 6,561 SF of ground floor retail space within two (2) suites over a two-level parking garage (plus subterranean level) with a total of 445 parking spaces. 2. This parking demand analysis validates that the proposed parking supply of 445 spaces is adequate to accommodate the parking needs of the Project. 3. Direct application of City of Santa Ana Metro East Mixed -Use Overlay Zone parking requirements to the proposed Project (260 DU) results in a total parking requirement of 520 parking spaces. With a proposed parking supply of 445 spaces, a code shortfall of 75 spaces is calculated. 4. Based on a comparison of parking ratios between twelve (12) sites within the cities of Fullerton, Orange, Santa Ana, Irvine, Costa Mesa, Monrovia, Laguna Niguel and Pasadena, a 95th Percentile "design -level' parking ratio of 1.61 was applied to the proposed 260 units which results in a parking demand of 419 spaces. With a proposed parking supply of 445 spaces, a surplus of 26 spaces is calculated. 5. Based on the above findings, we conclude that based on the application of the 95' Percentile "design -level' parking ratio of 1.61 derived from twelve (12) comparable sites, adequate parking would be provided on site to accommodate the proposed Project. 6. To ensure adequate parking is provided for both guests and resident of the Project, it is recommended that a Parking Management Plan (PMP) be prepared that outlines the proposed allocation of on-site parking supply, along with key parking management strategies, to maximize the availability of parking for the various user groups associated with the Madison Mixed -Use Development project. N: DOM 6375 - 1 he Madism, Sonia AmTaikino Sludy;Repo&3755 The \ladison Parking Study 10-3-17.doc 75A-58