AgdaPkt 2002-12-09 - Laserfiche WebLink

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�.� Project business and Lot 2 will remain open until two hours after the last Project business closes with the City having the option to close the lot no later than 3:00 a.m. - 3. Mazshall Street Gazage (Number of Spaces: 38��- --- -- :_-___ - � a. Not less than $5.00z per hour parking charge for Peak Periods b. Peak Periods: Monday tluough Thursday after 5 p.m., Fridays after 5 p.m., and all day on weekends. c. Four hours free pazking with validation for Cinema patrons during _ Peak Periods d. Two hours free pazking with validation for other businesses during Peak Periods e. City may operate the gazage at its discretion during non-peak periods. f. City can continue the current parking permit system, but the physical area occupied by that permit system will not be expanded. g. Monthly permit parking area becomes available after 5 p.m. on • weekdays and all day on weekends. Individuals with City pazking permits for this gazage will be able to continue to use the facility in accordance with their permits. h. Hours of Operation: At a muumum, the City shall open and operate the garage at least one hour before the opening of the first Project business and the garage will remain open until two hours after the last Project business closes with the City having the option to close the gazage no later than 3:00 a.m. 4. Development on Block Two a. The City recognizes the Cinema's long-term need for adequate four-hour parking that is free to Cinema users and its reliance on tt:e parking that will be provided on Block Two. b. 1� Cih� retains the right to develop Block Two and it agrees that the new development will self-park according to reasonable downtown parking standards, but no less than i. Hotel, 1 space per room ii. Residenrial, to be agreed to by the Parties in the Parking Facilities Agreement. iii. Office, 3 spaces per 1,000 square feet iv. Retail, 4 spaces for 1,000 square feet. v. Restaurant, to be agreed to by the Parties in the Parking Facilities Agreement. vi. City may approve shazed uses of parking spaces by compatible parking uses (for example, a day-rime Cinema Business Points Page 3, 12/5/2002 .