AgdaPkt 2004-06-28 - Laserfiche WebLink

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c�.i—c.�� 2. In a surface lot, structure, or underground garage within a reasonable distance of said development, or 3. Through an in-lieu payment agreement with the City should the City develop an in-lieu parking program. The number of parking spaces to be provided shall be determined according to reasonable Downtown parking standards as may be recommended by the PAC (as defined below) from time to time and adopted by the City Council in the Zoning Ordinance which is in effect at the time at which the new development is approved. B. Notice Requirement. If requested by the Developer or Century, the City shall promptly provide to the requesting party copies of all notices for new development in the Red Zone submitted to the City. C. Parking Advisorv Committee. If requested by the Developer or Century, the City shall create a seven (7) member Parking Advisory Committee ("PAC") comprised of a representative of each of the following: The City, the Developer, Century, The Fox Theatre (if the Fox Theatre elects to participate) and representatives of downtown Redwood City businesses or property owners as designated by the City. The PAC shall advise the City Council of Redwood City on downtown parking issues, including: 1. Downtown parking standards, 2. Standards, criteria and findings needed for allowing variances and other exceptions to general downtown parking standards; and 3. Other issues as determined by the City. VII. DEVELOPMENT ON BLOCK TWO The City recognizes the Cinema's long-range need for adequate four (4) hour parking that is free to Cinema patrons and the Cinema's reliance on the parking to be provided in the Block Two Parking Lot in accordance with the terms and conditions of this Agreement. The parties acknowledge that in the future the City may wish to allow development on "Block Two," which is depicted on Exhibit B(Orange Zone). Any such future development shall be subject to the following conditions: A. Parkin� Requirements for New Development on Block Two. Any new development on Block Two shall be required to provide for its own parking needs on the site. The number of parking spaces for new development on Block Two shall be determined in accordance with reasonable downtown parking standards, but shall not provide less than the following parking ratios: Atty/Agr/Agr.194 062404 g . . �.__ ._._ _ .