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<br /> SA <br /> Page 31 <br />meeting the parking requirement by paying into the In-Lieu Parking Fund, or by allowing shared <br />parking. Shared parking would be considered to be any spaces that are available for use by the <br />general public during at lease one of the following two periods: <br />1. Monday through Friday, 8:00 A.M. to 5:00 P.M. <br />2. Monday through Friday, 5:00 P.M. to 10:00 P.M. and Saturday through <br /> Sunday, 8:00 A.M.lo 10:00 P.M. <br />Any parking areas that are completely off-limits to the general public and thus do not contribute <br />to shared parking efficiencies should have a higher minimum requirement of I parking space per <br />guest room in order that they may meet their peak parking needs entirely on-site. <br /> Staff Recommendation for Hotel Parking Requirements: <br /> Minimum (shared parking): 0.5 spaces per guest room <br /> Minimum (closed to the public): 1 space per guest room <br /> Maximum: 1 space per guest room <br />Any restaurants, convention halls, or other such space in a proposed hotel should be separated <br />out and its parking requirement calculated independently based on commercial requirements. <br />Commercial Requirements <br />Because this category includes everything but the kitchen sink, it is the trickiest. At the same <br />time, because of the differing peaks of all of the uses within this category, it also offers the <br />greatest opportunities to exploit the efficiencies of shared parking. <br />A formula was developed to determine the appropriate commercial parking requirement for <br />Downtown. This formula generally works as follows: <br />Step I: Take the amount of expected new development over the life of the Precise Plan. <br />Step 2: Apply standard parking generation rates to this development to anticipate the <br /> maximum number of parking spaces required to support it. <br />Step 3: Plug this infoI1I1ation into the Urban Land Institute's shared parking formula to <br /> determine the maximum number of parking spaces required by new Downtown <br /> development at any given time if parking is shared. <br />The entire formula is shown in Appendix 5. The resulting number from the formula was 4.85 <br />parking spaces per 1,000 square feet of floor area. This is the maximum amount of parking <br />needed for anticipated new development at the peak period of activity. This number does not <br />take into account Caltrain and SamTrans, nor the "park once" nature of Downtown (mixed use, <br />density, and walkability). As we learned, these all lower the number of parking spaces needed <br />compared to suburban settings. <br /> 1>g~~ 221 <br /> _..-. ---"- ..__'~h_.__ _'_~ --.........,.--. _.. ...-......-."-.--.--------.--. ...- --....,,--.-......--.--.-.. - .--.-- <br />