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REQUEST FOR PROPOSALS FOR <br />Downtown Louisville Parking Structure Conceptual Design <br />Section 1: Purpose, Background and Timeline <br />PURPOSE <br />Historic Downtown Louisville has experienced significant economic growth in recent <br />years. Retail activity has increased, building vacancy is very low, and property owners <br />are considering redevelopments to satisfy market demand and business growth. <br />Downtown property owners and businesses perceive the current supply of on -street and <br />off-street parking as inadequate to facilitate the economic activity level in the downtown <br />area and to allow for additional growth by way of properties redeveloping. Downtown <br />Louisville is surrounded by residential neighborhoods and the parking on residential <br />streets is the `release valve' for the lack of downtown parking for customers, visitors, <br />and employees. Residents have expressed concerns for the over -utilization of parking <br />on the residential streets. <br />The LRC is interested in engaging services of a Consultant to develop a parking <br />structure conceptual design. Such design will be used to inform future conversations to <br />address parking supply challenges in Historic Downtown Louisville. <br />BACKGROUND <br />The City of Louisville, Colorado, incorporated in 1882, lies in Boulder County roughly six <br />miles east of the City of Boulder and 25 miles northwest of Denver. Its early <br />development was built upon the coal mining and agricultural uses of the time. Louisville <br />has grown to approximately 20,000 residents and has a diversified economy <br />specializing in the advanced manufacturing, bioscience, health and wellness, outdoor <br />recreation, aerospace, and technology industries. <br />The core of Historic Downtown Louisville encompasses approximately 8 city blocks and <br />has a mix of uses including retail, restaurant, and office uses. Downtown is surrounded <br />by historic residential neighborhoods. East of the railroad tracks, the DELO <br />redevelopment is taking place, encompassing several blocks of new development with <br />residential, office, and retail uses. Retail sales activity has increased dramatically since <br />2007, from $354,000 in annual sales tax revenue to over $1,000,000 in sales tax <br />revenue in 2017. <br />Parking in downtown has a mix of on -street parking spaces (252), off-street parking <br />spaces (311) and private off-street spaces. Attached is a map of the current public <br />parking locations. The City has time restricted parking management for its on -street <br />spaces in town. The public off-street spaces are free all day. <br />Downtown Louisville is capped at 475,000 square feet of non-governmental uses by <br />City Code. There is approximately 160,000 square feet of remaining development <br />potential under the cap. Downtown Louisville zoning requires new development to meet <br />an off-street parking requirement equal to 1 stall per 500 sf of new development. If a <br />development is unable to satisfy its off-street parking requirement, a parking <br />improvement fee may be imposed on the development to satisfy the unmet parking <br />2 <br />