1996-153-Establishing The Parking In-Lieu Program For Non-Conforming Downtown Properties As To Parking In The Vicinity North Of Los Gatos-Saratoga RoadRESOLUTION 1996 -153
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
ESTABLISHING THE PARKING IN -LIEU PROGRAM FOR NON - CONFORMING
DOWNTOWN PROPERTIES AS TO PARKING IN THE VICINITY
NORTH OF LOS GATOS - SARATOGA ROAD
WHEREAS, it is the intention of the Town Council of the Town of Los Gatos to establish
a policy to encourage tenant improvements and resolve non- conforming parking status for specific
properties in the vicinity of Los Gatos - Saratoga Road and North Santa Cruz Avenue as shown in
attached (Exhibit A) and;
WHEREAS, the present day value of a parking space in the "Park and Ride" lot has been
established at $3,700 by taking the original construction cost and increasing its value due to inflation
and;
WHEREAS, the estimated life of building structures in the area considered is 25 years, the
calculated on going cost to maintenance a parking space for 25 years is approximately $2,550 and;
WHEREAS, the Town Council does wish to work in cooperation with the property owners
to improve their buildings and the parking fee shall be established at $4,000 per space a sum less
than the total construction and maintenance costs and;
WHEREAS, the Town Council has directed the proceeds used to maintain and improve
parking and transit related to the "Park and Ride" lot.
RESOLVED, that this in -lieu parking resolution is hereby approved to implement Town
Code Section 29.10.207.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Los Gatos, California held on the 2nd day of December, 1996, by the following vote:
COUNCIL MEMBERS:
AYES: Randy Attaway, Steven Blanton, Linda Lubeck, Mayor Joanne Benjamin
NAYS: None
ABSENT: Patrick O'Laughlin
ABSTAIN: None
SIGNED.
MAYOR OF THE TOWN O F LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST:
CLERK OF THE TOWN OF LOS OATOS
LOS GATOS, CALIFORNIA