City Council Agenda and Packet 2019 01 22

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11: City,/ im Louisville COLORADO • SINCE 1878 COUNCIL COMMUNICATION AGENDA ITEM 8A SUBJECT: DISCUSSION/DIRECTION — DOWNTOWN PARKING STRUCTURE CONCEPTUAL DESIGN DATE: JANUARY 22, 2019 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. Originally scheduled for November 27, 2018, the LRC desires to provide additional information in this memo and within the presentation. BACKGROUND: Downtown parking demand has increased significantly since 2008 due to the greater economic activity of retail, restaurant, and commercial uses. The following summarizes the previous studies, changes to the parking improvement fee, efforts for additional parking resources, and future projects creating additional demand. Previous Parking Studies Early in downtown's revitalization, parking was evaluated in 2010 in relation to the City Council deciding to adjust the parking ratios required for new development (1 space per 500 sf) and modifying the square foot cap of non -governmental space from 354,000 sf to 475,000 sf. The 2010 agenda item is attached for reference. The staff analysis concluded the existing supply of 892 downtown parking spaces could potentially provide sufficient parking for the 475,000 square feet of development. Parking was again analyzed in 2013-14 through an update to the Parking & Pedestrian Action Plan. A copy of the August 19, 2014 City Council agenda item is attached. Planning staff updated parking data and with the assistance of a Downtown / Old Town Parking Action Committee, provided recommendations to City Council to update the Action Plan. The key findings of the parking data concluded: • The Old Town neighborhood has 300+ fewer parking spaces than it needs based on standards for residential properties in the Louisville Municipal Code. • The Downtown commercial core has surplus parking if using the downtown design guidelines parking standard of 1 space per 500 sf, but significant shortages if one applies the parking standards for other areas of town through the LMC or Commercial Design Standards and Guidelines. 40