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11/18/2013 CAPCOA <br /> • • • <br /> PDT-4 Parking Policy / Pricing <br /> 3.3.4 Require Residential Area Parking Permits <br /> Range of Effectiveness: Grouped strategy. (See PPT-1, PPT-2, and PPT-3) <br /> Measure Description: <br /> This project will require the purchase of residential parking permits (RPPs) for long-term <br /> use of on-street parking in residential areas. Permits reduce the impact of spillover <br /> parking in residential areas adjacent to commercial areas, transit stations, or other <br /> locations where parking may be limited and/or priced. Refer to Parking Supply <br /> Limitations (PPT-1), Unbundle Parking Costs from Property Cost (PPT-2), or Market <br /> Rate Parking Pricing (PPT-3) strategies for the ranges of effectiveness in these <br /> categories. The benefits of Residential Area Parking Permits strategy should be <br /> combined with any or all of the above mentioned strategies, as providing RPPs are a <br /> key complementary strategy to other parking strategies. <br /> Measure Applicability: <br /> • Urban context <br /> • Appropriate for residential, retail, office, mixed use, and industrial projects <br /> Alternative Literature: <br /> • -0.45 = elasticity of vehicle miles traveled (VMT) with respect to price <br /> • 0.08% greenhouse gas (GHG) reduction <br /> • 0.09-0.36% VMT reduction <br /> Moving Cooler[1 J suggested residential parking permits of$100-$200 annually. This <br /> mitigation would impact home-based trips, which are reported to represent <br /> approximately 60% of all urban trips. The range of VMT reductions can be attributed to <br /> the type of urban area. VMT reductions for$100 annual permits are 0.09% for large, <br /> high-density; 0.12% for large, low-density; 0.12% for medium, high-density; 0.18% for <br /> medium, low-density; 0.18% for small, high-density; and 0.12% for small, low-density. <br /> VMT reductions for$200 annual permits are 0.18% for large, high-density; 0.24% for <br /> large, low-density; 0.24% for medium, high-density; 0.36% for medium, low-density; <br /> 0.36% for small, high-density; and 0.24% for small, low-density. <br /> Alternative Literature References: <br /> [1] Cambridge Systematics. Moving Cooler: An Analysis of Transportation Strategies <br /> for Reducing Greenhouse Gas Emissions. Technical Appendices. Prepared for <br /> the Urban Land Institute. <br /> http://www.movinctcooler.info/Librarv/Documents/Movina%20Cooler Apqendix%206 Eff <br /> ectiveness 102209.pdf <br /> 217 PDT-4 <br /> 11 RESO.#15305 <br /> MUFF#603 <br />