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9 <br /> <br />of new public parking on this site creates centrally-located and accessible parking near <br />downtown attractions including the historic courthouse, restaurants, clubs, theatres, and <br />retail shops, as well as downtown events. <br /> <br />Further, the Applicant has entered into an agreement with the San Mateo County <br />History Museum (historic courthouse) to provide 2-hour free parking validation for <br />museum visitors during public parking hours (3-year pilot program). The Applicant has <br />also committed to an extensive transportation demand management (TDM) plan, <br />including providing developer-funded Caltrain passes for building tenants with less than <br />50 employees for the first year of building operation. <br /> <br />The project includes payment of a parking in-lieu fee instead of building 118 additional <br />parking spaces. Payment of the in-lieu fee serves many beneficial purposes. The City <br />can utilize parking in-lieu fees from this and other downtown projects to develop <br />additional downtown parking that would be accessible to the public at all times, not just <br />nights, weekends and holidays. The City would also have more control over its own <br />parking facilities with the flexibility to program the facilities to meet the needs of <br />downtown visitors, such as valet and pricing programs. In other words, while the public <br />will be able to utilize the parking within office developments on nights and weekends, <br />publicly controlled parking is available to the public at all times. <br /> <br />New downtown shared public parking will be established at the following locations: <br /> <br />· Crossing 900: 904 new shared public spaces. 211 onsite spaces had previously <br />existed on this site. <br />· 550 Allerton: 148 new shared public spaces (no onsite, public spaces removed) <br />· 815 Hamilton: 88 new shared public spaces (no onsite, public spaces removed) <br />· 525 Middlefield: 8 new shared public spaces (no onsite, public spaces removed) <br />· 601 Main: 17 new shared public spaces (no onsite, public spaces removed) <br /> <br />Total: 954 new shared public parking spaces available nights, weekends and holidays. <br /> <br />· Proposed 601 Marshall: 255 new shared public spaces (no onsite, public spaces <br />removed) <br /> <br />Total with 601 Marshall: 1,209 new shared public parking spaces available nights, <br />weekends and holidays. <br /> <br />Parking in-lieu fee fund balance and anticipated fees to be collected: <br /> <br />7.C. - Page 9