CC MIN 2015-07-27 - Laserfiche WebLink

Browse Search

Ms. Vaughn stated that is correct. Council Member Aguirre asked how the parking structure is accessed. Ms. Vaughn stated that there will be a garage door on the � Hamilton fa�ade where the trucks can pull into the tunnel. � Council Member Bain asked about how much is in the fund for parking currently and how much it will be with this project. Ms. Vaughn stated that the last time she checked there was $434 thousand in the fund. A few recently approved projects will put more money into that fund. Mr. Aknin stated that this would have a net of$350 thousand that would go into the parking in-lieu fund. With the projects that have already been approved there is enough money for a substantial down payment on a downtown parking garage. Council Member Bain stated that a surface lot or restriping won't be enough to address parking. He stated that there needs to be another garage and there will need to be more money in that fund than what is currently there. He stated that the goal is to have people take alternate transportation. He asked if there's anything the City can require in terms of tenants incentivizing their employees to take alternate transportation. Ms. Vaughn stated that a Condition of Approval for this project is a Transportation Demand Management (TDM) requirement which has been required in all of the downtown projects. A Transportation Demand Management plan is a menu of options that can be put into place to incentivize alternative transportation. The City requires annual reports as well as installed sensors in parking garages so the City can get data on the garages and indicate where there is available parking. � Council Member Pierce asked if there is more up-to-date data on train usage and patterns of behavior of new employees in the office buildings. Mr. Aknin stated that � Ume in downtown Redwood City has a 34-40% drive-alone rate. When people say that CalTrain is at capacity, that means people are standing on the bullet trains, but not that they are full. Palo Alto, which is similar to Redwood Csty, released a Street Intercept Survey which found that, including retail employees, there is a 55% drive-alone rate. He stated that it's not just CalTrain, but people walking, taking bikes, taking a shuttle. He stated that parking will be fully used but it's not that under-parked considering it is next to a train station, because people are changing how they travel. Council Member Pierce stated that the City should monitor the new buildings to ensure that people are using alternate modes, and there needs to be a mechanism for encouraging multi-transportation models. Mr. Aknin stated that the City will get qualitative and quantitative data. Council Member Pierce stated that community members are concerned that the employees will have parking or alternative transportation, and residents are also concerned about having parking if they do need to drive. Mr. Aknin stated that one problem is daytime office parking, which has not been a huge issue right now because there is still long-term space. Then there is peak parking such as event parking and then there is retail parking. The City could restripe but there are probably 40-50 spaces that could be regained by restriping. He stated that the City needs to manage parking better to let people know where parking is in real time. The City will install new meters and garage machines by the end of the year, and '""� � JOINT CITY COUNCIUSUCCESSOR AGENCY BOARD/ July 27, 2015 PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 10 MINUTE BOOK NO. 65 Page No. 455