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11/18/2013 tC.APCOA <br /> � <br /> • • � <br /> MP#LU-1.7 PDT-2 Parking Policy/ Pricing <br /> 3.3.2 Unbundle Parking Costs from Property Cost <br /> Range of Effectiveness: 2.6- 13°/a vehicles miles traveled (VMT) reduction and <br /> therefore 2.6 — 13% reduction in GHG emissions. <br /> Measure Description: <br /> This project will unbundle parking costs from property costs. Unbundling separates <br /> parking from property costs, requiring those who wish to purchase parking spaces to do <br /> so at an additional cost from the property cost. This removes the burden from those who <br /> do not wish to utilize a parking space. Parking will be priced separately from home <br /> rents/purchase prices or office leases. An assumption is made that the parking costs <br /> are passed through to the vehicle owners/drivers utilizing the parking spaces. <br /> Measure Applicability: <br /> • Urban and suburban context <br /> • Negligible impact in a rural context <br /> • Appropriate for residential, retail, office, industrial and mixed-use projects <br /> • Complementary strategy includes Workplace Parking Pricing. Though not <br /> required, implementing workplace parking pricing ensures the market signal from <br /> unbundling parking is transferred to the employee. <br /> Baseline Method: <br /> See introduction to transportation section for a discussion of how to estimate trip rates <br /> and VMT. The CO2 emissions are calculated from VMT as follows: <br /> COz = VMT x EFrunning <br /> Where: <br /> VMT = vehicle miles <br /> traveled <br /> EF�u��;�9 = emission factor <br /> for running emissions <br /> Inputs: <br /> The following information needs to be provided by the Project Applicant: <br /> • Monthly parking cost for project site <br /> Mitigation Method: <br /> % Reduction in VMT = Change in vehicle cost * elasticity * A <br /> 210 PDT-2 <br /> 4 RESO.#15305 <br /> MUFF#603 <br />