Revitalization Commission Agenda and Packet 2018 06 20 SP

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City gat Im Louisville COLORADO • SINCE 1878 LOUISVILLE REVITALIZATION COMMISSION SUBJECT: APPROVING A CONTRACT WITH DESMAN, INC. FOR PARKING STRUCTURE CONCEPTUAL DESIGN SERVICES DATE: JUNE 20, 2018 PRESENTED BY: AARON DEJONG, ECONOMIC DEVELOPMENT SUMMARY: Staff is seeking LRC approval of a consulting services contract with Desman, Inc. for conducting a parking structure conceptual design for a downtown parking structure. BACKGROUND: Downtown parking demand has increased significantly since 2008 due to the greater economic activity of retail, restaurant, and commercial uses. City staff and Council last researched downtown parking in 2013-14 to address parking challenges. The City Council approved the Parking Action Plan on August 19, 2014, with further study before implementing new programs and enforcement. Several actions have occurred after the 2014 Parking Action Plan. They include: • Constructing 28 new spaces on City property at the corner of Front and Elm Streets by expanding the parking lot adjacent to Lucky Pie and Sweet Cow • Acquiring 0.638 acres in the DELO redevelopment from Tebo Properties and contracting to construct approximately 70 parking spaces on that property as part of the DELO development. This new lot will be available this summer, once the South Street Gateway pedestrian underpass is complete. • Executing a lease with Koko Plaza to make the 50 off-street spaces in that location available for public parking after 5:OOPM. Because the tenants in the building have changed significantly since June 2015, the building's tenants are using the parking lot after 5pm more frequently. This has reduced the parking availability for the public, thus the parking lease will not be extended past June. • Acquiring from the Blue Parrot their excess parking lot on the south side of that property, making an additional 25 spaces available for public parking. • Establishing a new Parking Improvement Fee rate to better reflect the cost of creating new downtown parking. • Approving a Land Exchange with 608 Studios to expand the City's parking lot in the 600 block of Main Street. To advance discussions about adding parking supply in downtown, the LRC allocated funds in their 2018 budget to conduct a conceptual design for a parking structure located within the 600 block of Main and Front streets. City Council discussed an initial version of an expanded study on July 5, 2017. The RFP was finalized at the LRC's February 12, 2018 meeting.