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<br /> SA <br /> Page 11 <br />spaces in a new above-grade garage on an existing City parking lot, which is estimated at <br />$20,000 per space. This is due to the fact that there are many opportunities to create parking <br />spaces below this cost through more efficient configuration of on-street parking on many <br />Downtown streets. The recommended initial fee is $10,000 per space. After these opportunities <br />(which are estimated to be 50 to 75 spaces) are exhausted, staff will return to the Council to <br />discuss whether an increase to the fee is necessary. <br />\ <br />"P'~e ~ <br />'~'-. . ..-..".--.-..,,-.... -"'-'"-.-..-''' ._.-,---,,----- '-'--'-"'-..-.--..--"- .....--.,.-- <br />