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Staff Report Report from the Commercial Specific Plan CommitteeCouncil Agenda Date: 6/18/90 Item: TOWN OF LOS GATOS Council Agenda Report DATE: June 13, 1990 TO: MAYOR AND TOWN COUNCIL FROM: ROBERT F. BEYER, INTERIM TOWN MANAGER SUBJECT: A. REPORT FROM THE COMMERCIAL SPECIFIC PLAN COMMITTEE. B. RECOMMENDATION TO INTRODUCE AND ADOPT AN URGENCY INTERIM ZONING ORDINANCE PROHIBITING NEW OFFICE ACTIVITIES ON THE GROUND FLOOR IN THE DOWNTOWN. C. RECOMMENDATION TO ADOPT A RESOLUTION CONCERNING THE PROPERTY SOUTH OF SARATOGA AVENUE AND EAST OF HIGHWAY 17. RECOMMENDATION: That the Council take the following actions: 1. Amendments to the sign ordinance: a. Direct the Planning Department to schedule a public meeting with the auto dealers; b. Refer this matter to the Planning Commission to develop specific amendments regarding 'space for lease" signs and signs at auto dealers. 2. Procedures relating to projects that create traffic Impacts: a. Adopt the proposed revisions to the Traffic Policy as recommended by the Planning Commission with an amendment to encourage high tax revenue generating businesses at the edge of Town. b. Direct the Planning Department to develop a definition of high tax revenue and develop procedures that would streamline the review process for these projects. 3. Downtown Parking: a. Direct the Town Engineer to prepare a resolution amending the two hour parking limit for on street parking in the Downtown to one hour and institute a permit parking program. 4. Development of property south of Saratoga Avenue and east of Highway 17: a. Adopt the draft resolution attached as Exhibit 1. (Continued on Page 2) PREPARED BY: LEE E. BOWMAN I� Planning Director/Deputy Town Manager LEB:RR:Ikj "1G!\ost 11yn \L- 16113 Reviewed by: Attomey TOWN COUNCIL ACTION DIRECTED TO: ACTION OF COUNCIL APPENDIX A PAGE 2 MAYOR AND TOWN COUNCIL SUBJECT: REPORT FROM THE COMMERCIAL SPECIFIC PLAN COMMITTEE DATE: JUNE 18, 1990 5. Off -site auto storage: a. Refer to the Planning Commission an amendment to the Zoning Ordinance to allow off - site auto storage in all zones subject to specific standards with a Conditional Use Permit. 6. Urgency Ordinance prohibiting new office uses on the ground floor in the Downtown: a. Make the finding that the Urgency Interim Zoning Ordinance is necessary to protect the public health, safety and welfare as set forth in Section I of the Draft Ordinance (Exhibit 2); b. Waive the reading; c. Introduce Urgency Interim Zoning Ordinance; d. Adopt Urgency Interim Zoning Ordinance; e. Instruct the Town Clerk to schedule a public hearing for July 2, 1990, to extend the ordinance for 10 months and 15 days. NOTE: A four -fifths vote of the Council is required to adopt an Urgency Interim Zoning Ordinance. BACKGROUND: On April 17, 1989, the Council approved the formation of a Committee to create a Commercial Specific Plan. The Committee has been meeting on a regular basis since January, 1990 and divided the Town's commercial areas into 12 subareas. These commercial subareas were studied individually during a series of public workshops. The Committee solicited input from all businesses and property owners in each area. During the last two meetings, the Committee reviewed the issues and comments from the merchants and property owners and developed specific recommendations to address those issues and comments that require immediate action. The Committee intends to continue meeting to discuss the more complex issues and to develop a draft Commercial Specific Plan. DISCUSSION: On May 31, 1990, the Commercial Specific Plan Committee recommended that the Council set, as the highest priority, staff time to prepare a Commercial Specific Plan. In addition, the Committee recommended that Council provide funds to hire consultants for the preparation of various special studies including a market study to determine the commercial/business needs of the community and a report identifying the types of businesses which would provide the greatest source of revenue for the Town. The following is a summary of the Committee's other recommendations regarding the items that should be addressed immediately. Sign Ordinance: 1. Hold a meeting to solicit input regarding special event signs, lease signs, and the duration of temporary signs. The Committee is concemed with the size, number, orientation and duration of temporary signs. The Committee recommends that for lease` signs be allowed to be double- faced so they may be placed perpendicular to streets to provide greater exposure. The Zoning Ordinance currently requires that these signs be single -faced. 2. Develop a handout regarding the sign ordinance to be distributed to local businesses. It appears that some local businesses do not clearly understand the sign ordinance and have interpreted it to be more restrictive than it actually Is. The Planning Department was working with the Chamber of Commerce prior to the earthquake to develop a handout but since that time no progress has been made in completing the handout. n u u 0 u u u a u u u u PAGE 3 MAYOR AND TOWN COUNCIL SUBJECT: REPORT FROM THE COMMERCIAL SPECIFIC PLAN COMMITTEE DATE: JUNE 18, 1990 Traffic Policy: 3. Amend the traffic policy to: a. Relax regulations for high revenue generating projects which are not peak hour intensive; b. Explore the possibility of streamlining the review process for high revenue generating projects. c. Relax regulations in the commercial areas on the edge of Town in order to encourage high revenue generating businesses. The Committee recognizes the fiscal constraints that the Town is experiencing and is cognizant of the fact that revenue from businesses is essential if the Town is going to continue providing the same high level of service that residents have experienced in the past. Consequently, the Committee determined that it is essential that the Council adopt the proposed revisions to the Traffic Policy which would allow the Planning Commission/Council the flexibility to approve projects that would provide revenue to the Town. In addition, the Committee recommended that the Council explore the possibility of streamlining the review process for high revenue generating projects and to adopt policy that encourages high revenue generators on the edge of Town which would minimize the traffic impact from these businesses on the Downtown. Downtown Parking 4. Address the employee parking problem: a. Reduce the two-hour time limit for on -street parking to one hour in the Downtown and provide parking permits to business owners; b. Business owners may issue dated permits to customers who will be parked longer than one hour. The permit will be valid all day. c. "Valued Los Gatos Customer" should be printed on each permit; d. Consider using an adhesive backing on the permits so that customers can post them on their driver's side window in an easily visible location. The Downtown business owners are concerned that employees are parking in prime on -street spaces, and that customers are discouraged from shopping in Los Gatos due to the lack of parking and the parking time limits. Reducing time limits for on -street parking will discourage employees from parking on Downtown streets, while the parking permits will give downtown business owners a certain level of control over on -street parking and would minimize the number of tickets given to valued customers. The parking permits should indicate that the Town appreciates the customers patronage. Property south of Saratoga Avenue and east of Highway 17 5. Adopt a policy statement regarding the property located south of Saratoga Avenue and east of Highway 17. The policy would indicate the Council's support for future development on the property of a hotel consisting of the following: a. Up to 300 rooms. b. A conference facility containing approximately 10,000 square feet. c. The hotel could be up to three stories tall. d. Underground parking is encouraged. The owners of the Los Gatos Lodge property have Indicated that such a policy statement would encourage the sale and development of the property. A shuttle bus could take visitors to the Downtown area. The Committee indicated that a hotel of this size is needed In the community and would provide an important source of revenue to the Town. PAGE 4 MAYOR AND TOWN COUNCIL SUBJECT: REPORT FROM THE COMMERCIAL SPECIFIC PLAN COMMITTEE DATE: JUNE 18, 1990 Auto Storage 6. Amend the Zoning Ordinance to allow off -site auto storage in all zones subject to specific standards with a Conditional Use Permit. Auto dealers have indicated that they are having difficulty finding adequate auto storage space. The Committee determined that an amendment to the Zoning Ordinance as described above may lead to an increase in auto storage and would assist the auto dealers. The requirement for a Conditional Use Permit assures that auto storage Tots would be reviewed on a case -by -case basis to assure that the storage lot would not impact surrounding properties. Earthquake Reconstruction 7. Adopt an Urgency Ordinance prohibiting new offices on the ground floor in the downtown commercial area. Due to the October 17th earthquake, many buildings in the Central Business District which were previously occupied by retail businesses are now vacant. The Committee determined that it would be beneficial to existing downtown retail businesses to reserve ground floor spaces for retail activity. Retail activity on the ground floor is essential for a successful downtown and creates an interesting atmosphere which attracts pedestrians. Encouraging new retail businesses also contributes to the success of existing retail businesses by attracting customers interested in fulfilling a variety of shopping needs. Auto Dealerships: 8. Encourage the Chamber of Commerce to work with the auto dealers to form an association to promote Los Gatos dealerships. The Committee determined that the auto dealerships could benefit by taking an approach to promotion similar to that pursued by auto malls. The auto dealerships should work together to promote Los Gatos Boulevard as an auto row. EXHIBITS: 1. Draft Resolution concerning property south of Saratoga Avenue and east of Highway 17. 2. Draft Urgency Interim Zoning Ordinance prohibiting new office uses on the ground floor in the Central Business District and Downtown C-1 Zone. RESOLUTION A RESOLUTION OF THE TOWN OF LOS GATOS CONCERNING PROPERTY SOUTH OF SARATOGA AVENUE AND EAST OF HIGHWAY 17 WHEREAS, the Town Council determines that it is necessary to establish certain development guidelines for future development of the property south of Saratoga Avenue and east of Highway 17. WHEREAS, it is necessary to provide specific guidance to future developers of this property. WHEREAS, it is necessary to encourage development of the property as a hotel which would provide an important source of revenue to the Town. RESOLVED: the Town Council hereby establishes the following guidelines for the property located south of Saratoga Avenue and east of Highway 17 which should be developed as a hotel consisting of the following: a. Up to 300 rooms; b. A conference facility containing approximately 10,000 square feet; c. Up to three stories tall; and d. An underground parking facility. rl1T 1 PASSED AND ADOPTED at a meeting of the Town Council of the Town of Los Gatos, the day of , 1990, by the following vote: COUNCIL MEMBERS: AYES: NAYS: ABSENT: ABSTAIN: SIGNED: ATTEST: MAYOR OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA CLERK OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA Ikj02\cnctrpts\hwy17 2 ORDINANCE URGENCY INTERIM ZONING ORDINANCE AMENDING THE ZONING ORDINANCE CONCERNING OFFICE DEVELOPMENT IN THE CENTRAL BUSINESS DISTRICT AND DOWNTOWN NEIGHBORHOOD COMMERCIAL ZONE The Town of Los Gatos hereby ordains: SECTION I FINDINGS Pursuant to Government Code Section 65858, the Los Gatos Town Council hereby finds that there is a current and immediate threat to the public health, safety and welfare in that the Zoning Ordinance permits ground floor office activities in the Central Business District and the Neighborhood Commercial Zone. Due to the October 17 Earthquake, many commercial buildings in the Downtown which were previously occupied by retail businesses are now vacant. The retail atmosphere in the Downtown may be significantly impacted as retail and office activities compete for the newly renovated commercial space. The potential for office uses occupying a majority of the ground floor renovated ground floor commercial space creates a threat to the public health, safety and welfare as follows: a. Ground floor retail uses create a lively atmosphere which attracts pedestrians to the Central Business District and contributes to the vitality of the Central Business District as a retail center. b. Encouraging retail activity contributes to the success of existing retail businesses by attracting customers interested in fulfilling a variety of shopping needs. The potential for ground floor office development in previously occupied retail spaces threatens the ability of the Central Business District to recover from the October 17th earthquake. ordres\ords\urgency.2 EXILE 2 SECTION II AMENDMENTS TO ZONING ORDINANCE SECTION 4.54.020 Zoning Ordinance Section 4.54.020 is hereby amended as follows: SEC. 4.54.020-, PERMITTED USES Activities allowed in the C-1 zone are those which do not unreasonably interfere with nearby residential uses and which are in the following categories: (1) Retailing. (2) Personal service businesses and service businesses necessary for the conduct of households. (3) Office activities, provided they we not located on the ground floor along the street Existing office activities shall be considered conforming and shall be allowed to continue in perpetuity. (4) Limited manufacturing activities when a majority of sales are made, on site, to the ultimate consumer. Examples of proper C-2 activities are grocery stores, launderettes or dry- cleaning agencies, drug stores, barber shops, appliance repair shops and offices. Examples of activities which are not proper in the C-1 zone are vehicle service and sales, palmists and soothsayers, manufacturing, wholesaling, or laundry or dry- cleaning plants. ordres\ords\urgency.2 2 SECTION III AMENDMENTS TO ZONING ORDINANCE SECTION 4,56.020 Zoning Ordinance Section 4.56.020 is hereby amended as follows: SEC. 4.56,020: PERMITTED USES Activities involving the conduct of commerce and general business and for the sale of commodities necessary for the needs of residents and visitors of the Town, such as: (1) Retailing. (2) Personal service businesses. (3) Service businesses necessary for the conduct of households or businesses. (4) Office activities, provided they are not located on the ground floor along the street. Existing office activities shall be considered conforming and shall be allowed to continue in perpetuity. (5) limited manufacturing activities when a majority of sales are made, on site, to the ultimate consumer. (6) Wholesaling without warehousing on the premises. (7) Single-family and two-family uses, in conjunction with the other uses permitted in this Section. (Added by Ord. 1546, 8-16-82). Example of proper C-2 activities are apparel stores, launderette or dry- cleaning agencies, travel agencies, antique stores, telephone answering services, artist studios, sales offices for merchandise stored elsewhere, craft studios, auto parts sales and paint shops. Examples of activities which are not proper in the C-2 zone are vehicle sales or service, manufacturing, warehousing, laundry or dry-cleaning plants. ordres\ords\urgency.2 3 SECTION IV EFFECTIVE DATE This Ordinance shall take effect immediately and shall be of no further force and effect after July 2, 1990. Within 15 days after this Ordinance is adopted, the Town Clerk shall cause it to be published once in a newspaper of general circulation published and circulated in the Town. ordres\ords\urgency.2 4 This Ordinance was introduced and adopted by the following vote as an urgency interim zoning ordinance of the Town of Los Gatos at a regular meeting of the Town Council on June 18, 1990. COUNCIL MEMBERS: AYES: NAYS: ABSENT: ABSTAIN: SIGNED: MAYOR OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA ATTEST: CLERK OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA ordres\ords\urgency.2 5 MEMORANDUM DATE: July 6, 1990 TO: COMMERCIAL SP CIIFIC PLAN COMMITTEE FROM: LEE E. BOWMA , PLANNING DIRECTOR\DEPUTY TOWN MANAGER SUBJECT: TOWN COUNCIL ACTION REGARDING RECOMMENDATIONS OF THE COMMERCIAL SPECIFIC PLAN COMMITTEE On June 18, 1990, the Town Council reviewed the recommendations of the Commercial Specific Plan Committee. Attached is a copy of the Council Agenda Report regarding the Committee's recommendations. Each recommendation is listed below, followed by Council action. The Council also voted to set aside $30,000 for the funding of specific studies to be presented to the Council for final approval. RECOMMENDATION: 1. Amendments to the sign ordinance: a. Direct the Planning Department to schedule a public meeting with the auto dealers; b. Refer this matter to the Planning Commission to develop specific amendments regarding "space for lease" signs and signs at auto dealers. Action: On a 4 to 0 vote, the Council took action as set forth above. RECOMMENDATION: 2. Procedures relating to projects that create traffic impacts: a. Adopt the proposed revisions to the Traffic Policy as recommended by the Planning Commission with an amendment to encourage high tax revenue generating businesses at the edge of Town. b. Direct the Planning Department to develop a definition of high tax revenue and develop procedures that would streamline the review process for these projects. Action: On a 3 to 1 vote, the Council approved a modification of the above request, stating that if the General Plan Committee wishes to revise the General Plan to identify suitable locations and types of high revenue generating businesses based on the data coming from the Commercial Specific Plan Study, such locations and types may be incorporated under the new traffic policy and would be reason to find that they are a benefit to the Town. (Mr. Ferrito voted no stating his concerns in prioritizing revenue generating businesses. RECOMMENDATION: 3. Downtown Parking: a. Direct the Town Engineer to prepare a resolution amending the two hour parking limit for on -street parking in the Downtown to one hour and institute a permit parking program. Action: This item was referred to the Parking Commission. APPENDIX B Memo to the Commercial Specific Plan Page 2 of 3 July 6, 1990 RECOMMENDATION: 4. Development of property south of Saratoga Avenue and east of Highway 17: a. Adopt the Draft 1990-135 Resolution expressing a policy statement indicating the Council's support for future development on the property of a hotel consisting of the following: 1) Up to 300 rooms; 2) A conference facility containing approximately 10,000 sq. ft.; 3) The hotel could be up to three stories tall; 4) Underground parking is encouraged. Action: On a 3 to 1 vote, the Council adopted Resolution 1990-135 with two changes. The third paragraph was modified to read "... it is necessary to retain the use of property as a hotel which would provide an important source of revenue to the Town . . .". The fourth paragraph was modified to read "... The Town Council hereby establishes the following guidelines, (which do not guarantee approval of a project) for the property located south of Saratoga Avenue ...". (Mr. Ferrito voted no, not agreeing with the amount of detail (in regards to size) delineated in the resolution.) RECOMMENDATION: 5. Off -site auto storage: a. Refer to the Planning Commission an amendment to the Zoning Ordinance to allow off - site auto storage in all zones subject to specific standards with a Conditional Use Permit. Action: On a 4 to 0 vote, the Council took action to refer to the Planning Commission investigation of an amendment to the Zoning Ordinance as set forth above to permit off -site auto storage on a case by case basis. RECOMMENDATION: 6. Prohibit new ground floor office activities in the Central Business District: Adopt an Urgency Ordinance prohibiting new office uses on the ground floor in the Central Business District Action: On a 4 to 0 vote, the Council adopted the Urgency Ordinance. The Council limited the prohibition on new office activities to the Central Business District. DISCUSSION: The Commercial Specific Plan Committee needs to clarify the types of special studies that needs to be prepared in order for Committee to prepare the Commercial Specific Plan. Staff conveyed the Committee's recommendation for funding as follows: That the Council provide funds to hire consultants for the preparation of various studies including a market study to determine the commercial/business needs of the community and a report Memo to the Commercial Specific Plan Page 3 of 3 July 6, 1990 identifying the types of businesses which would provide the greatest source of revenue for the Town. The Committee should discuss this matter and develop a recommendation that identifies the specific type of study or studies that should be prepared. Another issue the Committee needs to discuss is whether the Town should prohibit new ground floor office activities in both the C-1 and C-2 zones. The Urgency Ordinance was originally adopted to include only the C-2 zone. However, on July 16th, the Council will discuss whether to include the C-1 zone in the Downtown Area. The Draft Council Report regarding this matter is attached. The Committee should discuss this matter and make a recommendation to the Council. Attachment CHER2\MEMOS\CSPACT Los Angeles San Francisco San Dieao Chicago Boston Washington. D.C. Fort Lauderdale Economics Research Associates Executive Summary Market Study and Business Development Strategy for Three Los Gatos Business Districts Prepared for Town of Los Gatos March 1991 ERA Project No. 10046 APPENDIX C 1160 Battery Street. Suite 350. San Francisco, California 94111 (415) 956-8152 Telex: 340890 (ERA SFO) Fax (415) 956-5274 f LI 0 u u u u u u u INTRODUCTION The Town of Los Gatos engaged Economics Research Associates (ERA) to prepare this market study and business development strategy for three Los Gatos business districts. The districts discussed in this report include Downtown Los Gatos, Los Gatos Boulevard, and a 41-acre parcel located at what will be the southeast comer of the interchange at Highways 17 and 85. The land uses discussed for these districts include various types of retail development, hotels, and offices. The Commercial Specific Plan Committee's goals were to discover what types of business development would be supportable in the market and, furthermore, which of these types would be the most beneficial to the Town in terms of maximizing net tax revenues and minimizing public services costs. Following this introduction, Section II summarizes the market research and fiscal analysis and presents development strategy recommendations. Section III describes in detail the market demand for various types of retail uses. Sections IV and V, respectively, discuss the hotel and office markets. Section VI briefly outlines the fiscal implications of various land uses. William W. Lee, ERA Senior Vice President, served as project manager for this study, led the progress meetings, and supervised the preparation of this final report and all interim reports. Andrea Morgan, Senior Associate, was the assistant project manager, primary researcher and report author. Donna Lee, Senior Associate, researched and analyzed the hotel and office markets. Steven R. Spillette, Research Associate, assisted in data collection. ERA wishes to acknowledge the contributions of many others over the course of this study. Land use and fiscal data were provided by Lee Bowman, Bud Lortz, and Tami Borton of the Town of Los Gatos Planning Department; and by Michele Braucht and Dianne Rovero of the Town of Los Gatos Finance Department. The Los Gatos Commercial Specific Plan Committee (CSPC) and many Los Gatos citizens and business owners provided important insights and information during the data collection phases of 1 this project, and the CSPC made valuable suggestions on working papers and drafts incorporated into this document. The members of the CSPC are: Michael Abkin Steve Blanton* Eric Carlson Rod Johnson Pat O'Laughlin Linda Lubeck Terry McElroy Rick Miller Cliff Peterson Stephen Rice Ted Simonson Brent Ventura The final interpretation and analysis represented herein is, however, the responsibility of Economics Research Associates. *Mr. Blanton served on the CSCP until his election to the City Council made him ineligible. 2 [I u u Li u u u 0 u u SUMMARY: MARKET CONCLUSIONS AND STRATEGY RECOMMENDATIONS The goals of this study were to identify commercial uses that would have market support in three Los Gatos business districts and then to determine which of these uses would be the most fiscally beneficial to the Town, in terms of maximizing net tax revenues and minimizing additional public services costs. This section of the report synthesizes ERA's market conclusions with the fiscal implications of land use decisions in order to present development strategy recommendations. We also discuss factors that make land development difficult and we suggest ways to overcome these obstacles. In this section we present the, recommendations for each of the three business districts studied and then make some additional recommendations that relate to the entire town. DOWNTOWN LOS GATOS Over the long term, we think that the downtown will continue to specialize in restaurants and everting entertainment (live theater, film, comedy and music clubs) and in selling specialty retail goods and antiques. These types of uses will continue to be supplemented by some local -serving convenience retail stores. Pedestrian activity is high and will continue to be so, given design of the downtown district (and the difficulty of parking); a good deal of the charm of downtown Los Gatos is due to the lively atmosphere created by pedestrians and retail storefronts. Long -Term Market Opportunities The retail trade area analysis (Section III) suggests market support for about 1 10,0(141 square feet of additional retail space in the downtown over the next 15 years. We think that Los Gatos can best tap this potential in three ways: • Restaurant and Evening Entertainment - The downtown could support additional 40,000 to 50,000 square feet of restaurants, or about six to ten new full -service and other restaurants. These would complement and strengthen the current draw of the existing restaurants by giving residents and visitors broader 3 selection, all within walking distance of each other. In addition, the restaurants would complement and support patronage at the movie theater on Santa Cruz Avenue, if it were renovated, and the theater at Old Town. • Convenience Retail - Local demand exists for an additional 20,000 to 30,000 square feet of convenience retail, which could be represented as one small grocery store, a drug store, and a wine or liquor store. The existing stores of these types in the downtown currently average well over $200 per square foot in taxable retail sales, so additional stores would be expected to contribute higher than average tax revenues to the Town. • Specialty Retail - Specialty retail stores are well -represented in the downtown and the existing stores have been averaging more than $200 per square foot in taxable sales. We find market support for an additional 45,000 to 55,000 square feet of these stores, which may sell cameras, jewelry, sporting goods, records, flowers, stationery, books, and other goods. Obstacles to Development • Insufficient parking is the critical constraint downtown. Shoppers do not mind walking a few blocks to their cars, but they become annoyed at being forced to circle the block repeatedly to look for a parking space. • Downtown Los Gatos also has a shortage of suitable commercial building sites. The downtown is densely developed and has few vacant or under-utilized parcels that could accommodate new commercial development. The best potential appears to exist in empty buildings that have been rebuilt recently. or in buildings awaiting earthquake repairs. • The inflexibility of the current parking assessment system hampers new business development. New businesses cannot locate in town unless they ui meet their parking requirements, generally on -site. Very few of the existing lots have the area to stripe new parking spaces, and the current system of public parking lots has no spaces available for "sale" to new business owners to meet their requirements. In addition, there is no mechanism for transferring the excess parking entitlement of one business owner to another. 4 • The combination of building safety codes, planning restrictions, parking requirements and building conditions together make earthquake repairs fmancially difficult or impossible for some property owners. For example, one property owner found that in order to repair his building and meet earthquake safety standards, he needed to expand the floor area of the upper story of his building in order to support an upper -story exterior wall with a load -bearing wall on the ground level. Because of the increase in floor area, the owner was required to provide or purchase from the Town additional parking spaces. However, there was no room on the lot to provide the spaces, and the Town had none to sell. The building has not yet been repaired. In other cases, property owners with recent mortgages cannot afford to pay for both the mortgage and the earthquake repairs and still keep commercial rents at market levels. • The traffic impact fee works against restaurant development in particular by requiring payment of a fee twice what is required of a similarly -sized office development. Unlike offices, however, restaurants do not generally contribute to peak -hour traffic congestion. Strategy Recommendations and Implementation Measures • The Town should proceed as quickly as possible to create a redevelopment district in the downtown. Redevelopment is primarily a financing tool that would allow the Town to use revenue bonds to fund capital improvements (such as parking, streetscape improvements, sidewalk repairs, and others) in the redevelopment area. In a redevelopment area, the Town would be entitled to a greater proportion of property taxes than usual, receiving 56 to 70 percent of the future increase in value (above the current property value), versus the current 12 percent. The revenue bonds would be paid back with these "property tax increments". (This issue is discussed more fully in John B. Dykstra & Associates' report.) In the downtown, redevelopment funds could be used, for example, to assist property owners in post -earthquake restoration of historic buildings; since the historic buildings are a public benefit, their restoration serves a public purpose and could legitimately be subsidized. In 5 addition, redevelopment funds could be used to build additional parking facilities. • The Town should take immediate steps to increase the parking supply and reduce parking demand. To immediately and inexpensively increase supply, the Town could re -stripe existing lots and on -street spaces to create small spaces for compact cars. In the longer term, the Town should focus on decking existing lots in high -priority areas with a combination of assessments, meter revenues, in -lieu fees, and tax increment funds. The high -priority areas should be determined by analyzing existing information regarding parking demand by days of the week and by time of day. • Parking demand could be reduced by creating incentives for employees to use non -central parking lots; e.g., provide a van shuttle to free parking lots on the periphery of the business district, suggest that business owners give bonuses to employees who walk or bicycle to work or in other ways refrain from parking downtown, and use flyers and posters to educate the downtown work force about parking altematives. • Installation of parking meters on downtown streets and lots would help to discourage employee parking and would remind shoppers to take care to avoid parking tickets. The meters should allow two to four hours of parking to give people time to dine and shop and still discourage employee parking. Each meter could also generate some revenue for additional parking development. We do not think that the presence of meters will discourage shoppers accustomed to free mall parking; we think that the minimal cost will make no difference to people who come to downtown Los Gatos for an ambience and a shopping experience quite different from that available at a shopping mall. • The Town should encourage restaurant development by lowering parking standards for restaurants in the downtown, but could discourage stand-alone bars by keeping those standards high. The current restaurant standard works out to 7.5 to 10 spaces per 1,000 square feet of space; this ratio should he lowered to about 6 per 1,000 square feet. 6 • The Town could encourage new restaurant and retail development by improving the flexibility for meeting the parking requirements in future parking structures. This could be done by allowing in -lieu fees paid to the Town and by allowing the transfer of excess parking entitlements among business owners and property owners. (These changes cannot be made, by law, to the structures paid for with the current assessment district.) • The Town should revise its traffic impact fee schedule to place more of the burden on uses that generate peak -hour trips. The current fee schedule would require $40,000 to $50,000 in impact fees for a medium-sized full -service restaurant, despite the fact that such a use would have very little impact on traffic congestion at peak hours. • The Town should also encourage new business development in the future by continuing to subsidize the in -lieu parking fee to keep the cost at $7,000 to $10,000 per space for parking spaces under development; redevelopment tax increment revenues could fund the difference. • To encourage additional shopping in off-peak times, the Town and business associations should work together to encourage shop owners to stay open late (until 9:00 or 10:00 p.m.) one night a week. The restaurant operators should be consulted in choosing which mid -week night is the busiest and therefore most likely to bring new customers. Friday is probably the busiest, but if shopkeepers resist staying open late on Friday, then Wednesday or Thursday would probably be the second-best choice. • The Town should work with the Old Town developer to allow that center some way to redesign its space, increase its square footage, and improve its linkage to the downtown. The developer should be allowed the option of satisfying some portion of the center's parking requirements off -site. 7 LOS GATOS BOULEVARD The commercial areas along Los Gatos Boulevard are appropriate for providing the bulk of the Town's local -serving convenience goods, and for that they require much more parking than the downtown. In addition, Los Gatos Boulevard has the regional -serving auto dealerships, which are also land -intensive uses. Long -Term Market Opportunities ERA's market conclusions indicate support for additional convenience goods and auto dealerships. Auto Dealerships - There is market support for one to three dealerships along Los Gatos Boulevard, if there are suitable sites. Potential sites identified by ERA include the vacant Nissan/Volvo site and a vacant building on a County parcel on the southern end of the auto strip. There are enough dealerships to maintain the critical mass making Los Gatos Boulevard a viable location for new dealerships, but competition for dealers from Santa Clara and San Jose auto strips is tough; if Los Gatos is to get new dealerships, it will need to act decisively. Current dealerships are nearly all domestic, for whom sales have suffered the most in recent years; on the other hand, the import market has been doing better nationwide and may create a better balance for the district as a whole. • Convenience - One new neighborhood commercial center with about 60,000 square feet of space would be supportable over the next 15 years. This center would probably contain a grocery store, a drug store, and a few apparel and specialty stores, as well as some small restaurants. Drug stores and apparel stores currently on Los Gatos Boulevard are generating above -average taxable sales. • Comparison Goods - If the 40-acre parcel near the freeway proves too small to support all 300,000 square feet of demand for comparison goods (see section below), then one or two large retail users may be convinced to locate a stand- alone building on an adjacent site. The Good Guys, Big 5 Sporting Goods, and Home Depot have all been known to locate near an existing retail center. 8 Obstacles to Development • There is some uncertainty among the business community regarding Town policy on types of development allowed; this uncertainty has hampered development interest to some extent. The lack of policy direction from the Town results partly from the political desire to have new auto dealerships replace the old ones while landowners see no new dealerships looking for space in Los Gatos. The Town has not been particularly receptive to proposals for altemative uses on sites formerly occupied by auto dealers. • The high cost of land relative to auto dealerships' ability to pay is another obstacle. One site is on the market at about $38 per square foot, when dealers can support land costs of about $6 to $10 per square foot. Strategy Recommendations and Implementation Measures • The Town should re-examine the suitability of the Nissan site for auto sales and decide whether to keep it for auto sales or allow some other type of development. If auto sales are the preferred use, restrictive zoning and/or public subsidy (from redevelopment funds, perhaps) may be required to get the land price lowered to the point where a dealership is feasible. In addition, the Town may need to encourage realignment of the driveway to improve access to the site and to provide the site direct access to the existing intersection and traffic light. • Town staff should target additional sites for dealerships. Restrictive zoning and/or land write -downs may be required to make current land prices affordable for new dealerships. • The Town and business associations should support auto dealers in their new joint effort to market the auto strip as a whole. • Town policy should control use permits for restaurants to channel that activity into the downtown, where it will stimulate foot traffic for retail uses; this policy will not work unless parking constraints are eased in the downtown. 9 Additional regulatory policies could revise parking standards for restaurants so that more spaces are required for restaurants outside the downtown than inside. 40-ACRE PARCEL AT HIGHWAYS 85 AND 17 This parcel represents a tremendous opportunity for the Town: it is the one significant large parcel remaining that could draw a regional clientele. The parcel should be comprehensively planned to both serve the community's needs and become a major revenue generator for the Town. Comprehensive planning is critical so that the parcel is not chopped into pieces that do not work well together. Long -Term Market Opportunities ERA believes that the location, access, and visibility of this site give it excellent potential for retail, hotel, and perhaps office uses. • Power Center' - There is substantial potential for additional retail development in the area, but the presence of strong regional malls nearby (particularly Valley Fair) probably precludes a true regional mall strategy. However, power centers have been built increasingly in the Bay Area in recent years and are usually quite successful, generating a high volume of sales by competing on price. The site could support a power center of 250,000 to 300,000 square feet, depending on the amount of land allocated to other uses; the market area could certainly support that level of activity. Taxable sales in a power center would average about $250 per square foot, a figure somewhat higher than the average for all retail stores. The types of stores in the power center would probably focus on apparel; general merchandise, such as a department store like Target or Wal-Mart; specialty stores such as sporting goods, records, etc.; '/A power center typically has three to five fairly powerful anchors (not full -line department stores) and only a few small shops, as opposed to a regional mall with three or four department store anchors and numerous smaller stores. The anchors are powerful because they are usually value -oriented, which generates high -volume sales and draws from a large trade area. Retail chains such as Home Club, Circuit City, The Good Guys, Toys R Us, Such a Business, Nordstrom Rack, Loehmann's, Marshall's, Burlington Coat Factory, New York Fabric, Drug Barn, and Target are typical Bay Area power center anchors. 10 appliances such as The Good Guys; and building and hardware, such as Home Club. Typically, the power center would have two large anchors with 100,000 (or more) square feet of space, two mid -size anchors with about 60,000 square feet each, seven to ten stores around 10,000 or 20,000 square feet, and some smaller tenants. • Hotel - The market area could support an additional 300 to 330 rooms over the next 15 years, and this site is an excellent one, given its freeway location. A business -class hotel (like a Marriott) would provide the most net revenue per acre to the Town of all the land uses studied; the hotel becomes even more attractive financially if it is included in a redevelopment district. • Office - Although the market area shows support for about 500,000 square feet of office space over the next 15 years, the costs associated with offices could outweigh the benefits unless the offices were built in a redevelopment district. A new office building is more fiscally attractive inside, rather than outside, a redevelopment district because a greater proportion of its property taxes would flow to Los Gatos (56 to 70 percent, versus the current 12 percent; refer to Section VI). The main revenue from an office building comes from property taxes, as opposed to hotels, which also generate transient occupancy taxes, and retail centers, which also provide sales taxes. Obstacles to Development • Landowner cooperation with planning efforts is essential. The combination of land uses that generate the highest value for the owner are different from the uses that generate the best revenue/cost balance for the Town. A landowner's preferences would probably be, in order, office, multi -family residential, retail, hotel, and auto dealers. Some negotiation will be necessary. Strategy Recommendations and Implementation Measures • The Town should create a specific plan for this area that incorporates the development recommendations discussed above. 11 • The Town should work with the landowners to solicit power center and hotel developers and begin the development process so that at least the power center will be open when the new highway opens. • The Town should create a redevelopment district in this area to facilitate assembly of a few outlying parcels and create a cohesive, well -planned development. TOWN -WIDE ISSUES Obstacles to Development • There is a perception among landowners that the Town is "anti -business". This perception arises out of Los Gatos history; some years back, there was a movement to stop commercial encroachment into residential districts. In addition, the Town had little problem attracting all the business it needed, and there was no desire to exacerbate the traffic and parking problems that were becoming apparent. However, the recent loss of auto dealerships has hurt the Town's fiscal position; it is a scenario familiar to almost all cities and counties in Califomia. In the wake of the loss of auto dealers and the 1989 earthquake, the Town has had difficulty in issuing clear policy directions regarding business development because prior to this and other studies, there was no consensus about what sorts of businesses would survive and therefore should be encouraged. Strategy Recommendations and Implementation Measures • The Town should issue clear policies regarding allowable uses in business districts; one way to start would be the completion, publication, and distribution of this study and CSPC/Planning Commission decisions regarding other commercial areas. • In particular, the Town must decide whether it will aggressively pursue auto dealerships or whether it will allow other uses to replace former dealerships on Los Gatos Boulevard. 12 i ri [l 0 0 u u u 0 u u u u • Town staff should give prompt attention to development proposals and use permit applications. • The Town should consider hiring an economic development staff person. This could be a contract position to run for two years, then reevaluated in consideration of the staff person's performance and the level of new business activity. The staff person should have an economic development and marketing background to assist him or her in acting as liaison between the business community and the Town administration. She or he should work closely with realtors to find tenants and with the landowner to solicit developers (resources like The Book on Value Retailing and mailing list agencies could help with these efforts). • The Town, perhaps in concert with the Chamber and other business associations, should develop a Town marketing brochure to assist realtors, landowners, and business associations in recruiting new business owners; the new economic development staff member could have large responsibility for this effort. 13