Revitalization Commission Agenda and Packet 2018 12 10

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11: City,/ im Louisville COLORADO • SINCE 1878 COUNCIL COMMUNICATION AGENDA ITEM 8C SUBJECT: DISCUSSION/DIRECTION — DOWNTOWN PARKING STRUCTURE CONCEPTUAL DESIGN DATE: NOVEMBER 27, 2018 PRESENTED BY: AARON DEJONG, ECONOMIC DEVELOPMENT SUMMARY: Representatives from Desman Associates and DAJ Design will be at the meeting to present the Louisville Revitalization Commission's (LRC) work to date on achieving a conceptual design for a downtown parking structure in the 600 block of Front and Main Streets. The LRC is seeking City Council input into the design process prior to taking the parking structure options to a public open house for resident and business input. 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 68 parking spaces on that property as part of the DELO development. This new lot is available this summer. • 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 2016. • 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. The land exchange is contingent upon 608 Studios