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RESOLUTION NO. 7 <br /> SERIES 2010 <br /> A RESOLUTION RECOMMENDING AMENDMENTS TO CHAPTER 17.20 (OFF <br /> STREET PARKING AND LOADING) AND CHAPTER 17.12 (DISTRICT <br /> REGULATIONS) OF THE LOUISVILLE MUNICIPAL CODE, AS WELL AS CHAPTER <br /> 5 OF THE DOWNTOWN LOUISVILLE FRAMEWORK PLAN <br /> WHEREAS, it is in the best interest of the City of Louisville to have parking <br /> requirements that adequately meet the parking needs of the downtown area without <br /> providing excess supply that can be detrimental to the unique character of the <br /> downtown area; and <br /> WHEREAS, it is desirous to have a maximum allowable floor area in the <br /> Westerly portion of downtown Louisville which allows for growth in the area without <br /> requiring extensive street infrastructure improvements; and <br /> WHEREAS, City Staff has completed a parking study of downtown Louisville <br /> which indicates that certain policy changes regarding parking requirements and the <br /> maximum allowable floor area in the Westerly portion of downtown Louisville are <br /> appropriate; and <br /> WHEREAS, comments on the proposed parking and downtown development <br /> regulations were gathered through 5 meetings with the Business Retention and <br /> Development Committee and 2 separate downtown stakeholder meetings; and <br /> WHEREAS, after a duly noticed public hearings on November 12, 2009, <br /> December 10, 2009, and March 11, 2010 where evidence and testimony were entered <br /> into the record, including the findings in the Louisville Planning Commission Staff <br /> Reports dated November 12, 2009, December 10, 2009, and March 11, 2010, the <br /> Planning Commission recommends amending Chapter 17.20 (Off Street Parking and <br /> Loading) and Chapter 17.12 (District Regulations) of the Louisville Municipal Code <br /> (LMC), as well as Chapter 5 of the Downtown Louisville Framework Plan as follows; <br /> Section 1. Chapter 17.12.060 of the Louisville Municipal Code, entitled <br /> "Maximum floor area, Westerly portion of Downtown Louisville," is hereby amended to <br /> read as follows (changes are underlined); <br /> Sec. 17.12.060. Maximum floor area, Westerly portion of Downtown <br /> Louisville <br /> Within the area designated as the westerly portion of Downtown Louisville, as <br /> defined in chapter 17.08, the maximum floor area shall be 475.000 square feet. No <br /> development shall be permitted within the westerly portion of Downtown Louisville <br /> once a maximum floor area of 475,000 square feet has been achieved within such <br /> area. To the extent that this section establishes a requirement which conflicts with a <br /> 1 <br />