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Discussion of Downtown Parking Improvement PlanTOWN OF LOS GATOS TOWN COUNCIL STUDY SESSION AGENDA 110 EAST MAIN STREET COUNCIL CHAMBERS (DOWNSTAIRS) APRIL 29, 1996 -- 7:00 P.M. Randy Attaway, Mayor Joanne Benjamin, Vice Mayor Steven Blanton, Council Member Linda Lubeck, Council Member Patrick O'Laughlin, Council Member ► Discussion of Downtown Parking Improvement Plan (continued from 2/20/96) ADJOURNMENT MGRO95 A:ITCAGENDAI4-29.SS In Compliance with the Americans with Disabilities Act, If You Need Special Assistance to Participate in this Meeting, Please Contact Patsy Madrid, (408) 354-6832. Notification 48 Hours Before the Meeting Will Enable the Town to Make Reasonable Arrangements to Ensure Accessibility to this Meeting. [28 CFR §35.102-35.1041 DATE: TO: FROM: SUBJECT: MEETING DATE: 4/29/96 STUDY SESSION REPORT April 22, 1996 MAYOR AND TO COUN IL TOWN MANAGER DISCUSSION OF DOWNTOWN PARKING IMPROVEMENT PLAN This item was continued from February 20, 1996. Please refer to attached report. PREPARED BY: DAVID W. KNAPP Town Manager DWK:pm MGRO98 A:\CNCLRPTSI4-29-1 Reviewed by: Attorney Finance Revised: 4/22/96 12:55 pm Reformatted: 10/23/95 DATE: TO: FROM: SUBJECT: COUNCIL AGENDA REPORT February 15, 1996 MAYOR AND TOCOUN TOWN MANAGER MEETING DATE: 2/20/90 ITEM NO.(.4 CONSIDER REPORT ON DOWNTOWN PARKING IMPROVEMENT PLAN AND PROVIDE DIRECTION TO STAFF AS APPROPRIATE RECOMMENDATION: Consider report on Downtown Parking Improvement Plan and provide direction to staff as appropriate. Staff recommends in favor of the following items or concepts: 1. Development of 180 new parking spaces in the Downtown over the next 5 years is desirable. The new spaces would come from the construction of one new structure and increasing efficiency in existing lots. 2. Parking Lots # 2 and 13 are top candidates for a new structure pending further study and analysis. 3. Parking Lots # 1, 3, 6 and the Park & Ride Lot should be immediately improved for pavement maintenance striping efficiency and night safety. 4. An In -Lieu parking option is acceptable to allow for modest intensification of use. 5. The preferred revenue generating method to fund the contemplated new structure and the ongoing maintenance of all lots is the computerized pay -on -foot technology providing multiple payment options. Develop RFP specifications and solicit proposals. 6. A parking credit for Town residents with a valid California drivers license will be included in the parking plan, for example, a no cost debit card with a $15 credit balance could issued on a annual basis. 7. Certain areas of parking will be designated for day parking (employee/owners) subject to monthly or annual pass and a corresponding fee structure. 8. Consider a temporary installation of the pay -on -foot system for a 8 month period. a) Standardize all Preferential Parking Districts: i.) Parking restrictions shall be enforced 24 hours a day ii.) No grace shall be allowed (currently some have a two hour parking limit) 9. Substantial increases in development are not desired; however continuation of retail continuity would be acceptable suet} as a store front on a parking structure(s). 10. Private development of new parking spaces should be encouraged by providing a fee structure for newly developed public parking. I 1. Instruct the Planning Director to initiate proposed nevi -wry amendments to the Downtown Specific Plan and Zoning Ordinance as appropriate. PREPARED BY: - Scott R Baker Director of Building and Engineering Services N:1B&EICNCLRPTS\PARKING2.TCR Reviewed by: Atto Finance Revised: 2/15/96 2:52 pm Reformatted: 10/23/95 PAGE 2 MAYOR AND TOWN COUNCIL SUBJECT: - CONSIDER REPORT ON DOWNTOWN PARKING IMPROVEMENT PLAN AND PROVIDE DIRECTION TO STAFF AS APPROPRIATE February 15, 1996 ACKGROUND: On September 11, 1995, the Town Council and the Parking Commission conducted a study session to discuss various items related to improving parking in the Downtown Central Core (Attachment 1). Staff submitted a report (available at the Permits Counter) and many of the items found in the report are reiterated herein with more current or additional modifications. Because this is such a complex issue with numerous possibilities and considerations, staff recommendations are made to direct the focus of fiuther action and maximize the productivity of staff time. INTRODUCTION Finding a parking solution for Downtown is a challenge facing many older communities The Los Gatos' Downtown was laid out with the horse and buggy in mind Existing streets and sidewalks are narrow bymodern standards and on - site parking is almost nonexistent. Some financial experts hold the opinion that the municipal costs to support an older downtown exceed revenue potential and represent a bad investment The Los Gatos Downtown, to the contrary, is an excellent investment. The premise of this report is that a solution is attainable. Improving economic conditions Downtown depends upon solving the parking problem. The Town is very fortunate to have acquired the Southern Pacific Right -of -Way (i.e. Station Way) and other properties for Downtown core parking The funding for the lots has been accomplished by a 'Downtown Parking Assessinent District" (DPADY raid Town general fund contributions. DPAD monies are collected from the property owners in the district and general fund monies come from many sources with property tax and sales tax providing a substantial share. Operating expense for the Downtown lots is estimated at S60,000 per year and comes entirely from the Town's general fund. The DPAD and the general fund have already made substantial contributions to the parking solution. It seems only fitting that the users (i.e. the occupants of the parking spaces) should be called upon to pay their share of the parking solution. Parking Lot 4 (IV) provided the first multi -level parking structure Downtown and completed the parking enhancements specified in the 1987 DPAD. Under the current assessment, property owners will be making payments until the year 2007. Casual observation and occupancy surveys confirm that parking demand is greater than current capacity at peak occupancy times (Attachment 2). The municipal Downtown parking lot spaces are predominantly 3-hour limited parking with some unlimited parking spaces for employees and long term needs. By early morning these long term spaces are filled and the overflow spills into the 3-hour spaces, reducing the number of spaces available for customers. Customers overstay the time limits and get angry when they are ticketed, and later arriving employees use 3 hour parking then must move their cars every 3 hours. In a 1994 Memo to the Parking Commission the Assistant Town Manger identified (Attachment 3): • Cost to enforce parking control was almost S7,000 greater than the revenue generated by parking citations • A new parking space generates about S 120 per year in sales tax revenue to the Town • Cost to construct a parking space is S 10,000-50,000 which would require a debt service payment of about S800 to S2,400 per year for 20 years Parking Lot 4 cost approximately S3,000,000 to construct and accommodates 320 spaces. This equals S9,375 per space. Since the property was already owned by the Town, land acquisition did not add to the cost per space. Also, the cost per space does not reflect that about half the 320 spaces existed as surface parking spaces before constriction of the bi- level parking structure. If the full cost of construction is applied to the number of net new spaces created (i.e. Total number of spaces in the new structure minus the number of space in existing or previous lot), the S9,375 figure would double to S18,750 per net new space. PAGE 3 MAYOR AND TOWN COUNCIL SUBJECT: CONSIDER REPORT ON DOWNTOWN PARKING IMPROVEMENT PLAN AND PROVIDE DIRECTION TO STAFF AS APPROPRIATE February 15, 1996 This report discusses a parking solution which could meet the challenges and present a constructive set of possible alternatives. This report will pay particular attention to revenue potential and construction of new spaces in the Downtown central core including municipal Lots_ 1, 2, 3, 4, 6, 9 and 13 (Attachment 1). Lot 5 is a private lot for 'Old Town' and some possible considerations which may encourage development on private lots will be introduced. A comprehensive long term parking solution should: • Provide an ongoing funding source for new lot construction, operation, and naintrnArrj • Establish flexibility and control to provide for employee and customer parking options • Eliminate or minimi7r the need for Parking Control Enforcement and parking-eitations • Encourage economic development and better land uses Charging a fee for street parking built being considered because: • Street spaces cannot be fully automated and would require parking control and individual meters • Current fiscal needs can be satisfied from municipal lot revenue • The Town should provide for some limited "free" parking in the Downtown which is mostly likely a benefit to local patrons • There is no practical potential for substantially increasing net new spaces on the street We will explore the challenges and opportunities for economic development within the proposed parking plan. A conceptual framework for financing and constructing new parking spaces is presented. Finally, the conclusions and recommendations suggest a course of action that will lead to a comprehensive, long term parking solution. DISCUSSION: The following are staff comments on the recommended items from Page One of this report The recommendation are generally consistent with; Economic Development Principles, the Downtown Specific Plan and the Commercial Specific Plan Committee Report A copy of the pertinent spread sheet data from the staff report of January 6, 1996 is included (Attachment 4). Item 1- New Spacer The Town Council has indicated that consideration of one new parking structure in the Downtown is desirable. Depending on various factors and final site selection it is likely that a new structure could produce approximately 150 net new spaces. An additional number of net new spaces could be realized by restriping the older lots tothe current stall standards. Some other increases could be achieved with adjustments to some planter areas, walkways and driveways. Item 2- Lot Priority — Staff recommends that if one lot is to be considered for construction, that it should be either Lot #2 or 13. Both lots have a high rate of occupancy and are likely to produce a maximum number of spaces at the most reasonable cost. Lot # 6 due to its size and configuration would only provide about 50 net new spaces at a cost of about S50,000 per space. A multi level structure on Lot # 2 or 13 could provide approximately 150 net new spaces at a cost of S25,000 to S30,000 per space. The potential for the development of Lot # 6 might be feasible through a public/private joint venture. PAGE 4 MAYOR AND TOWN COUNCIL SUBJECT: CONSIDER REPORT ON DOWNTOWN PARKING IMPROVEMENT PLAN AND PROVIDE DIRECTION TO STAFF AS APPROPRIATE February 15, 1996 It could be practical to allow a private developer to construct the lot, collect parking revenues for some term (i.e. 20 years) then return control of the lot to the Town. Naturally, this option would be more feasible if the developer was constructing a similar lot of their own. Staff will assess various design options for Lots # 2 and 13 and submit a report evaluating development potential once a finding source is approved. Item 3- Lot Maintenance The current pavement and general maintenance condition of Lots # 1, 2, 3, 6, 13 and Park"N' Ride are in need of immediate attention. Surface conditions are such as to cause concern for pedestrian safety due to the potential for "trip/fall" accidents. Since the municipal parking lots are not eligible for "gas tax" funds, the only viable funding source for maintenance is from the general fiord or economic uncertainly reserves. Staff has developed cost figure estimates to bring the lots in the Downtown Core to an acceptable standard at about S250,000. Item 4 - In Lieu Fees Staff recommends that an In Lieu Fee Program be considered. Businesses that want to intea4ify their 'use" could purchase In Lieu credits to meet parking deficiencies. The number of parking space credits available to the program would be equal to or less than the number of net new spaces developed. For example, if resurfacing and restriping the existing lots created 30 net new spaces, staff would suggest issuing the same number of parking space credits Staff suggests that S10,000 per space credit would be acceptable and economically viable to the business community. An In -lieu Program would be more likely to allow uses more in keeping with the character of the Town. "Fait food" establishments have lesser parking requirements than 'white linen" restaurants and many other retail uses. Therefore, without an option to increase parking credits, "fast food" and similar uses are currently favored due to their less stringent parking requirements. This option would assist property owners that did not maximize the purchase of parking credit when the Assessment District was formed Item 5 - Source of Revenue The Downtown property owners and the general fund have funded and continue to fund the municipal parking lot construction and ongoing maintenance. If a parking revenue source is established, new spaces on existing municipal lots could be constructed which would improve the economic vitality of the Downtown. Some of revenue issues include: Meter vs. Central Pav Automated parking control systems can issue pass stubs and collect fees from central stations. The initial coat is on a par with,ipdividual coin only meters; however, the difference in on -going operation and maintenance is dramatic. Imagine. the time to remove coins from 800 meters compared to eight to ten central locations. Accountability and security are enhanced by handling less cash due to non -cash- payment options. Cash is collected in a security box separately keyed so the collection attendant does not have access to bills or coins. Additional accountability is provided by remote posting of revenue totals Finally, multiple payment options make pay -on -foot vastly more flexible and customer friendly than coin meters. No More Parking Tickets With gated entry control, and automated collection systems, the need to enforce parking time limits is eliminated. This would also reduce the work load of parking enforcement staff and allow those resources to be used to patrol the lots for increased security and preservation of peace and quiet. Parking revenues could be used to offset losses in parking ticket receipts. Parking tickets generated S 148,000 in 1993-94. About 15% of all parking tickets are issued in the municipal lots. Staff estimates that loss of ticket revenue would be about S30,000 annually. Pay -on -foot revenues would be redirected to the Police Department to offset the fiscal loss of ticket revenue. With the computerized pay -on -foot concept, there would be no parking tickets issued or angry letters of protest because of a few minutes overstay. The concept is simple and fair and you only pay for the time you actually use. This is even better than meters, where sometimes you leave early and lose "time on the meter." The central pay station can accept coins, bills, credit cards, and debit cards. Merchants can provide special debit cards which could be given to preferred customers. PAGE 5 MAYOR AND TOWN COUNCIL SUBJECT— CONSIDER REPORT ON DOWNTOWN PARKING IMPROVEMENT PLAN AND PROVIDE DIRECTION TO STAFF AS APPROPRIATE February 15, 1996 Specific areas (not in the prime customer locations) could be designated for monthly passes tailored to the needs of employees and business owners. Using the computerized central pay concept, the fee schedule could allow the first half hour of parking at no charge. This would benefit deliveries and very short term errands. Also, it would allow the motorist to exit the lot at no charge if all the spaces were occupied. With the first half hour free, a fee of S.35 per each half hour is recommended. This is a program by which the user pays based on the actual time used with a half hour grace period San Jose Arena event parking is S10.00 whether Mike Tyson knocks his opponent out in the 1st or 15th round. In Los Gatos, under this proposal, a dinner and a movie (for four) might cost you S 150.00, but the four hours of parking would only cost S2.45 and the Brewing Company may be inclined to pay for your parking. Revenue Potential Assuming 14 boons of peak parking between 8 AM and 10 PM with 3 turnovers (i.e. 1.5 hours free) equals 12.5 hours subject to fee. With 8 hours at 80 percent occupancy (6.4 hours) and 6 hours at 50 percent occupancy (3 hours) this equals 9.4 hours of fee parking, which generates over S6.54 per space per day. Dedicating 160 spaces (for monthly pass only) out of the 800 spaces under consideration leaves 640 at the S6.54 rate for a daily revenue of S4,185 or S 1,306,000 annually assuming Sunday parking is free. (Add S221,800 annually if Sundays are not free and the same parking occupancy and fee rate are assumed). 1f 160 spaces were offered at S75 per month, S 144,000 annually, this brings the total estimated gross annual revenue to S 1,450,000. The central pay equipment cost is approximately 62% of the gross revenue or just less than eight months of revenue. Initial installation costs for the central pay equipment would run about S900,000. The purchase price of this equipment (like most other computerized equipment) is currently coming down in cost and increasing in power and flexibility. The actual purchase price may be less in the near future. Using the conservative figure of S900,000, if the equipment was acquired by a 10 year lease/purchase agreement, annual payments would be about $ 100,000 per year. A preliminary estimate of annualized revenues and expenses for central pay: Gross Annual Revenue: S1,450,000 Estimated Expense: 1. Loss in Parking Citation S30,000 2. Operation and Maintenance (general) 60,000 3. Operation and Maintenance (Central Pay) 50,000 4. Lease Payment Central Pay 100,000 5. Downtown Business Promotion 75,000 6. Downtown Capital and Beautification Projects 400,000 7. New lot Construction - Debt Service (S5 million) 500,000 8. Loss of revenue during construction (115 spaces maximum) 235.000 S 1,450,000 It should be noted that Item 2 is currently funded in the Town Operating Budget Items 5 and 6 are optional and could. -be reduced or increased as appropriate. However, pay parking could be a funding source for the "Downtown Street Scape Plan" estimated to be in the S2,000,000 range. It is generally agreed that one of the best ways to encourage economic development is by providing a sound in a beautiful setting. Item 8 Revenue Loss would occur only during the time a lot was out of service and would increase revenues due to existing and newly created spaces coming online once the lot is completed. While no parking solution can come without some cost, a modest fee with convenient payment is a small price compared to negative impacts of insufficient parking space and issuance of parking citations. PAGE 8 MAYOR AND TOWN COUNCIL SUBJECT: CONSIDER REPORT ON DOWNTOWN PARKING IMPROVEMENT PLAN AND PROVIDE DIRECTION TO STAFF AS APPROPRIATE February 15, 1996 Funding Via In -Lieu Fee* An In -lieu Fee Program would be valuable mechanism to improve Downtown business activity. This option would also provide a partial funding source for new parking lot construction. It would be a substantial finding source to recoup deferred maintenance and efficiency increases in the existing lots. The "market potential" for advanced purchase of in -lieu parking space/credits is currently unknown. This potential revenue sauce seems worthy of Bother investigation. If sufficient interest exists, then the concept could be developed with standards and guidelines as to how space/credits would be allotted and with possible Parking Improvement District (PID) or other financing options. Other Funding Option Staff has considered other funding options which would provide additional parking. Assessment Districts have been used in the past. They are expensive to create and require detailed engineering analysis. Further, they are already a burden on Downtown property owners which will be making payments until 2007 on the existing District To achieve a parking solution would require about a four fold increase over current assessments The Town could provide a long term lease (or sale) of the municipal lots to a private firm which would collect fees, operate existing lots, and construct new spans as per an agreement Private firms are in business to make a profit and pay dividends to their shareholders.. This option would be less likely to be sensitive to the needs of the "user" and business community resulting in "market" parking rates similar to those found in San Jose. Doubling the business license tax in the Downtown would raise about $256,000 per year. To equal the central pay revenue estimates would require a increase equal to 5.7 times the current fee. This would shift the burden of payments to the merchant (unless the space is owner occupied). Parcel taxes or utility user taxes are a funding alternative. However, widespread support far theses options is not likely because they are borne by many that would claim no benefit or interest in a Downtown parking solution. Increasing the business license tax, parcel tax, or utility user tax specifically for parking purposes would require a two-thirds approval by the electorate. Without at least a nominal payment, parking control and the ability to influence parking behavior is left to time limits and parking citations. For the reasons above, staff reds consideration of a program that looks to the "user" for a contribution to the parking solution. Item 6 - Parking Credit For Town Reside nb In an effort to encourage local residents to shop in Town, staff is recommending that a S15 parking credit be provided for Los Gatos residents with a valid driver's license. Under the pay -on -foot concept, a debit card could be inserted into a machine to pay for parking. The cards could be renewed annually. At the recommended rate of S.35 per half hour, the card would provide 20 hours of free panting. With the first half how free, this would equal eight 3 hour parking adventures, (or thirteen for 2 hours or forty at 1 hour) at no cost to the resident A married couple would have double the time and so on. Local residents will also be more likely to take advantage of the first half hour free to do "hit and run" types of shopping. Item 7 - Designated Employes and Long Term Parking Some areas should be designated for long term parking. Currently a number of spaces are without limits for the benefit of employees and business owners. In the Downtown; all of Lot # 9, lower level of Parking Lot #4, the rear sections of Lots #13, 2, 1 and all of the Park "N' Ride lot are long term parking. The best opportunity to enhance the efficient use of existing spaces would be to cause a migration of long term parking users from Lot #1 (high occupancy rate) to the Park"NRide (low occupancy rate). Early arriving employees park in the Lot #1 unlimited spaces which are the first in the morning to fill up. PAGE 7 MAYOR AND TOWN COUNCIL SUBJECT: CONSIDER REPORT ON DOWNTOWN PARKING IMPROVEMENT PLAN AND PROVIDE DIRECTION TO STAFF AS APPROPRIATE February 15, 1996 Since everyone has equal conditions (i.e. all spaces are free) they naturally seek out the closest space to their place of employment. If there is a fee for parking, the long term parking user now has an economic consideration... Do I park close and pay or do I park in the Park "W Ride Lot for free and endure the walk. Staff used a monthly rate of $75 for long term parking, however, an AM and PM pass is possible. Since very few employees work more than twelve hours, passes could be split: for example daytime i.e. 6 AM to 6 PM could be S50.00 and 6 PM to 6 AM could be S2S. The regular parking rate would cost about $ 120 per month assuming 5 days per week at eight hours per day. Item 8 - Alternative Interim Plan For Lang Term Parking Staff has considered various "Trial or Interim" test plans for pay parking. Some options will be presented below. However, staff could not devise a "partial test" plan that provided the full range of anticipated benefits as those contemplated in the comprehensive Downtown Parking Plan. The first concern is that of sample area. If only a relatively small area such as one lot is effected, it is likely that "users" will simply avoid the small test -area and exacerbate parking problems in adjoining lots or residential neighborhoods. Therefore, the staff recommendation is to install the full pay -on -foot parking system for an eight month trial period. Eight months is the estimated time to fully pay for the system. This assumes that no other uses of parking revenue other than to pay off the system will occur in the first eight months. If a pass is issued for long term parking in the existing lots, then the method of enforcement is the parking citation. If a parking attendant is used then the test is likely to be limited to cash only transactions. The major staff concern is that a well intended trial plan may produce negative results which would not have materialized in the comprehensive plan. This could diminish the chances to develop or implement the comprehensive plan. Variations 1. At the regular Town Council Meeting of June 6, 1994 staff presented a report on night time attendant parking. The plan was rejected by Council due to the marginal profitability of the proposal. Assuming that profit is not an issue for the purpose of a test, then this proposal could be implemented in relatively short order_ If daytime hours were included, profitability could increase slightly. 2. Installing the pay -on -foot equipment on Parking Lot # 4 would provide a good test with the one exception of limited area. Both levels could be gated and computerized for about S 120,000. The lower level for day parking and the upper for short term parking. Estimates of revenue are difficult because it is hard to estimate how many users will choose to park in the adjoining lots or neighborhoods. However the theoretical revenue could approach S400,00 annually based on the proposed rates and the current occupancy. Staff opinion is that many office workers in the area would like the day parking and accept the rate. The merchants close -in would not like the fact that their patrons would pay for parking, while in the next lot over it was free. 2a. One variation on the above alternative would be to only gate the lower level for day parking. The equipment cost would run about S40,000 and generate $144,000 annually. This would give a good test on the day user market but would not give indications as to actual conditions for short term pig. Item 9 - Development and Condnxity The Town Council has indicated that substantial increases to development is not desirable, such as constructing a full level of retail space .to gain one level of parking. However, if continuity of retail space can be maintained through a store front in a parking structure, this would be acceptable. Item 10 - Private Development of Parking Currently the Zoning Ordinance prohibits charging a fee for parking in privately owned parking lots. Staff would recommend in favor of a provision which allows for newly developed private parking structures to collect a fee for parking. The fee structure could be the same as for municipal lots. PAGE 8 MAYOR AND TOWN COUNCIL SUBJECT:---CONSIDER-REPORT ON _DOWNTOWN_ PARKING IMPROVEMENT PLAN AND PROVIDE DIRECTION TO STAFF AS APPROPRIATE February 15, 1996 CONCLUSION: This report is not intended to achieve every answer to every possible question related to a Downtown parking solution. It is intended to take the next step toward a parking solution. The task is formidable but the potential rewards are great. The Town of Los Gatos is extremely fortunate to have a thriving and active Downtown when so many downtowns are in decay. A parking solution is necessary to improve the economic health of the Downtown. Staff makes the following observations: • The Los Gatos Downtown is in need of a parking solution • Parking demand exceeds parking availability • Increased parking is the key to enhancing and sustaining the economic viability of the Downtown • Issuance of parking citations are counter to Downtown economic growth • A finding source that is sustainable and on -going is desirable • The concept of uses fees and central pay is reasonable In order to influence human behavior nominal parking fees are necessary. When parking is free there is no incentive to carpool, use mass transit or do anything but find the parking space closest to the door you want to enter ENVIRONMENTAL ASSESSMENTS: Environmental assessment would occur at the time a actual project is identified. FISCAL IMPACT: None at this time. Attachments, 1. Parking Map 2. Occupancy Rates 3. Memo from Mark Linder 4. Spread Shed DOWNTOWN LOB DATOS sAAK1NQ 01167 YOC*An. 667{Aa/ '03 9J PPER LEVEL I5 3 HOUR LOWER LEVEL IS 24 HOUR LI s• LEGEND 1 HOUR STREET PARKING NUMITED PARKING (NO OVERNIGHT PARKING) 3 HOUR PARKING 30 MINUTE PARKING IMPS MAP NOT MWISE. PLEASE NOTE POSTED SIGN UNIT RESTRICTION& CADO1!YA 040.Or'O C.C.C. 9/6/95 ATTACHMENT 1 AMPCO III PARKING April 6, 1994 Scott Baker, CBO Director of Building and Engineering Services Civic Center 110 E. Main St. P.O. Box 949 Los Gatos, CA 95032 Dear Scott: 500 Howard Street, Suits 200 San Francisco, CA 94105 To (415) 247-9500 Fax (415) 247-9599 Julio oe Gr.godo ohmor of Summon o.Mdogm.nt Enclosed is the survey that we did at your lots. Please call me if you need further information. Sincerely, A6Af ,d lie D Jl e ecrel9g orio a subsidiary of ABM American Building Maintenance Industries. Inc. ATTACI-BENT cnr--rccrrr13 -400000o -' <0 Ca N3 . CJ 0 0 0 0 0 o 0 0 0 CO -.I CO CO W ▪ • CO to -• -+CCO o • Q C5) i N v CO A CO -• CO i3 00 o0ojoo -,cCoocn op mCMOCOOCO Wd3I -LAN 8 Wd 9-VVd Zl Wd 6-Wd 9 rrr CArrcCrrr10 000-100��000Qo CD�m Ica°' coN3 D2 r 0 A 0 0-,o 0 0 0 0 o'cc o oCJ7-. 'co 'co P co co CJ1 -+ CA C17 C7) CJ7 CO 00000000 OCo'co 'co 'al V CD co W co co A j CD CA CO A A O O o 9 0 9 0 0 9 CD CD CO CO COCJC)CT) -+ NCACJ1C)C)V CJ1CDV Wd 5-1% Z l Aid 6-Wd 5 AVOSHflHl-AVONOIN AONddf1030 JO % % OF OCCUPANCY M- W -F - SA APRIL 1994 •sir•. 1 LOT 1 0.90 0.76 0.75 2 LOT 2 0.84 0.82 0.73 3 LOT 3 0.63 0.60 0.52 4 LOT 4 (UP) 0.72 0.72 0.72 5 LOT 4 (LOW) 0.78 0.81 0.70 6 LOT 6 0.90 0.90 0.79 ? µ LOT 13 0.93 0.89 0.75 Black Shade: 8 AM - 12 PM; White Shade: 12 PM - 5 PM; Grey Shade: 5 PM - 9 PM 1.00 - 0.90 0.80 - 0.70 - 0.60 - 0.50 - 0.40 - 0.30 - 0.20 - 0.10 0.00 1 2 3 4 5 6 7 OFFICE OF THE TOWN MANAGER TO: PARKING COMMISSION FROM: MARK LINDER, ASSISTANT TOWN MANAGER SUBJECT: PARKING FINANCIAL INFORMATION DATE: August 31, 1994 You requested the following: 1. PARRKING CKET REVENUE VS EXPENS S 1993-94 Parking Ticket Revenue = $147,867.63 1993-94 Parking Program Expense = $155,821.25 2. SALES TAX REVENUE VS. CAST OF PARKING SPACE CONSTRUCTION A parking space costs between $10,000 to $30,000 per space depending on the cost of land. A parking space is worth approximately $12,000 per year in sales which translates to $120 in sales tax revenue. t.AISED IF BUSINESS LICENSE DOUBLED FOR RETAIL? $255,916.51 based on 1994 revenues. 4. WHAT IS DEBT SERVICE ON $3 MILLION? Based on the current $2,960,000 COPS for Parking Lot #4, the total cost with interest over the 20 year period is $4,937,050. This is based on a 59% interest rate with annual payments of $253,960. ML:pm MGR074 A:\MEMCSlPARKING ATTACHMENT 3 r • ATTACH LENT 4 COMMERCIAL SPECIFIC PLAN COMMITTEE REPORT k. Develop a program to allow property owners to buy additional parking spaces. 1 Subsidize the cost of parking ? s through the Redevelopment Agen. , 12. A parking management plan shall be m. Work with the Chamber of Commerce developed to include incentives and and the Downtown Merchants Association disincentives for appropriate employee to encourage shopping dating, off-peak parking including parking credits for the periods. use of public transit and/or rideshanng. 14 Provision shall be made for bicycle parking in the downtown area. DOWNTOWN SPECIFIC PLAN 8. To the extent possible, parking facilities shall be located in relation to the primary approach direction of users in order to minimize internal circulation within the CBD/last Main Street area 9. Parking structures may be acceptable in downtown Los Gatos with no more than two levels and with the surface of the top level no more than four feet above grade at any point. GENERAL PLAN • ECONOMIC DEVELOPMENT PRINCIPLES 10. Additional parking capacity (continued) l kn ,01 s O -g Q u s,5 y' e o g 2' 8 12 •o c1 "8k.pI2 v O m 4 chi u 3 .5 q C a: m> ` Soyw iQCQ co to .ix c ,u c. o .�g :at o .c y . a u , 4 �o C.. (-•• c� . ... Ot N �O rn C.) < tr;Q 7 7S Z 3 Is n. L 'C — eb 10. Additional parking capacity (continued) r DATE: TO: FROM: SUBJECT: MEETING DATE: 4/29/96 ADDENDUM STUDY SESSION REPORT April 26, 1996 MAYOR AND TOWN COUNCIL TOWN MANAGER DISCUSSION OF DOWNTOWN PARKING IMPROVEMENT PLAN The attached letter was received today. Mr. Matteoni asked that we forward to Council for review. PREPARED BY: DAVID W. KNAPP Town Manager MGRO98 A:ICNCLRPTSI4-29-1.ADD Reviewed by: Attorney Finance Revised: 4/26/96 4:29 pm Reformatted: 10/23/95 APR-26-1996 15:43 FROM LAID OFFICES TO 3548431 P.02 Matteoni Saxe Nan LAWY SENT BY FAX t April 26, 1996 Town Clerk Town of Los Gatos P.O. Box 949 Los Gatos, CA 95031 ApR 2 51996 �...� TOv"'iv OF LOS GA OS OFF':CE OF TO'1,V CLERK Re: Study Session Agenda, April 29, 1996 Concerning Parking Improvement Plan Dear Clerk: Please give the Councilmembers, as a desk item, a copy of this letter for the study session scheduled for April 29, 1996. The original of the letter is being forwarded by regular mail. NEM:md enc. An ,y,xienrn fn.hding a ProJessanaf Corp, Kodak Center 1740 Technology Rive Suite 250 San Jose, CA 95110 408 441-7800 FAX 408 441-7302 Norman E. Ma=oni Allan Robert Saxe Margarcc Ecker Ncmda AliaM.U'Lazghln Judy C. Tsai &ad►ey M. Maueo+n Parton G. 1-lodunnrm notsak APR-26-1996 15:43 FROM LAID OFFICES TO 3548431 P.03 Matteoni Saxe& Nanda AWYER 3 April 26, 1996 Mayor and Members of the Town Council Town of Los Gatos . P.O. Box 949 Los Gatos, CA 95031 TOWN OF EOS G:V OS OFFICE OF TO` .,'N ['LED( cc L Re: Downtown Parking Improvement Plan for North Santa Cruz Avenue as it Affects Walgreens Dear Mr. Mayor and Members of the Council: Our firm represents Walgreens which has a store located at 444 North Santa Cruz Avenue. The Town Staff has indicated that there is a deficiency in parking at the Walgreens store of 21 spaces. However, Walgreens has operated wellwi.th the existing parking and recognizes that there is other public parking available to the east of the store. Walgreens has been attempting to work with Staff to submit an application for interior remodeling and improvement of the store. Because of the deficiency in parking, it has not been able to proceed. Walgreens notes, however, that one of the recommendations from the Parking Commission is an in -lieu parking space fee. Walgreens would be willing to participate in sucha fee arrangement, but the Town has to adopt a "Parking In -Lieu Fee Program" that would allow parking credit for the use of the Saratoga Avenue public parking lot located behind Walgreens. Walgreens has served the Town of Los Gatos well and desires to continue to do so. It needs action on the in -lieu fee in order to proceed. NEM:md cc: Garrick J. Hodge an A6s9ci[ttfon i'cir�¢ a RnfK<4�na( Cure. Kodak Center 1740 Technology Aire State 250 San lose, CA95110 408 441-7800 FAX 408 441-7302 Norman E. Matreoni Allan Robert Saxe Margaret Ecker Nanda Pew M. O .27egllin Judy C. Tsai Bradley M. Maroon Barvm Ci. HorAs+nnn TOTAL P.03 aiesn • Matteoni Saxe Nan L A W Y ER S SENT BY FAX April 26, 1996 Town Clerk Town of Los Gatos P.O. Box 949 Los Gatos, CA 95031 iLfAPR 2 9 1 d i` e-: T0t',N OF COS U+TOS OFFICE OF TOWN CLERK Re: Study Session Agenda, April 29, 1996 Concerning Parking Improvement Plan Dear Clerk: Please give the Councilmembers, as a desk item, a copy of this letter for the study session scheduled for April 29, 1996. The original of the letter is being forwarded by regular mail. NEM:md enc. An Association Including a Professional Corp. Kodak Center 1740 Technology Drive Suite 250 San Jose, CA 95110 408 441-7800 FAX 408 441-7302 Norman E. Matteoni Allan Robert Saxe Margaret Ecker Nanda Peggy M. O'Laughlin Judy C. Tsai Bradley M. Matteoni Barton G. Hechtrnan matteoni Saxe Nan L A W YER 5 April 26, 1996 Mayor and Members of the Town Council Town of Los Gatos P.O. Box 949 Los Gatos, CA 95031 TOWN OF LOS GROS OFFICE OF TOWN CLERK Re: Downtown Parking Improvement Plan for North Santa Cruz Avenue as it Affects Walgreens Dear Mr. Mayor and Members of the Council: Our firm represents Walgreens which has a store located at 444 North Santa Cruz Avenue. The Town Staff has indicated that there is a deficiency in parking at the Walgreens store of 21 spaces. However, Walgreens has operated well with the existing parking and recognizes that there is other public parking available to the east of the store. Walgreens has been attempting to work with Staff to submit an application for interior remodeling and improvement of the store. Because of the deficiency in parking, it has not been able to proceed. Walgreens notes, however, that one of the recommendations from the Parking Commission is an in -lieu parking space fee. Walgreens would be willing to participate in such a fee arrangement, but the Town has to adopt a "Parking In -Lieu Fee Program" that would allow parking credit for the use of the Saratoga Avenue public parking lot located behind Walgreens. Walgreens has served the Town of Los Gatos well and desires to continue to do so. It needs action on the in -lieu fee in order to proceed. NEM:md cc: Garrick J. Hodge An Associanon Including a Professional Corp. Kodak Center 1740 Technology Drive Suite 250 San Jose, CA 95110 408 441-7800 FAX 408 441-7302 Norman E. Matteoni Allan Robert Saxe Margaret Ecker Nanda Peggy M. O'Laughlin Judy C. Tsai Bradley M. Matteoni Barton G. Hechtman ument