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cinema patrons who would go across the street. The result is no parking conflict, but <br /> the parking spaces are shared by time of day. <br /> <br /> Activity: Focusing on the area referred to as the City Hall lot, patrons may park and <br /> go to restaurant uses on Broadway, Main Street, the gym or post office. This is <br /> considered a shared space because more than one activity occurs with that single <br /> parked vehicle. <br /> <br /> When speaking of the parking, the issue really is the conflicts occurring on Friday and <br /> Saturday nights. The current condition at Century 12 is that there are 3,500 seats with <br /> 1,200 parking spaces available. Those parking spaces are within a walking distance of <br /> 1,000 feet (viable walking distance). In the downtown retail/cinema scenario, there are <br /> 4,200 seats with 3,500 parking spaces within 1,000 feet walking distance. <br /> Consequently, for the additional 700 seats added to the number of cinema seats, there <br /> is actually an excess of 2,300 spaces available. By utilizing a graph, it was shown that <br /> excess parking would exist at all times of the day, all days of the week, except between <br /> 1-3 p.m. on Friday afternoons when people come downtown for lunch. In that case, <br /> there would be parking available beyond the 1,000 feet walking distance. <br /> <br /> Planning and Redevelopment Manager Church/Director of Redevelopment Agency <br /> explained he would be responding to questions accumulated at the November and <br /> December meetings that follow. <br /> <br /> 6. Who will own the office building? <br /> <br /> The developer will own the office building. The proposal being considered contains a <br /> proposal for a 108,400 square foot office building on Block 2, adjacent to the railroad <br /> tracks. <br /> <br /> 7. Are there other land takings besides Viva Mexico? <br /> <br /> Yes, there are 8 or 9 private parcels that would have to be acquired or assembled as <br /> part of the project for the entire site completion. <br /> <br /> 8. Will funding for the acquisition come from the Agency? <br /> <br /> No, the developer is proposing under the draft Development and Disposition <br /> Agreement (DDA) to advance a total of $14m to enable the Agency to complete the <br /> acquisition and relocation and other required duties under the DDA. <br /> <br /> 9. Is there an estimate of the financial contribution to the entire proieet? <br /> <br />JOINT ADJOURNED REGULAR COUNCIL MEETING JANUARY 8, 2001 <br />MINUTES PAGE 8 <br /> MINUTES Book No.58 <br /> Page NO. 304 <br /> <br /> <br />