Parking Garage Presentation
Town Council Meeting
September 20, 2016
Downtown Parking Garage
LOCATION:
Previous Stage
DOWNTOWN
Parking –248 Spaces
GARAGE
Meet Residential Parking Requirements
Currently 120 Public Spaces
75 additional for Public & Commercial
Residential –34 Units
6 BMP
Commercial –up to 10,000 SF
Revenue to the Town -TBD
Council Direction
DOWNTOWN
Minimum of 6 BMP Units
GARAGE
Minimize Residential Units
Paid Parking in the Garage
Minimum of 300 Parking Spaces
Minimize visual impacts of
construction through setbacks
Incorporate other Town Funds
Current Concept
DOWNTOWN
20-24 Residential Units
GARAGE
Includes 6-9 BMP Units
300 Total Parking Spaces
Design to Complement Surroundings
Up to $4M Town Contribution
Paid Parking Evaluation Pending
RECOMMENDATION
& NEXT STEPS
Enter Negotiations with Presidio
Obtain Outside Services for Negotiations
Receive Direction in Closed Session as
Necessary
Return to Open Session with Final
Agreement