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<br />CITY OF GOLDEN <br /> <br />The City of Golden requires the provision of parking for all new construction, additions, <br />and tenant changes in the downtown area. The parking requirements are outlined in <br />Table 1 below. <br /> <br />Use Requirement <br />Single-family residence 1 space/Residence <br />2 Bedroom Multifamily Residence 1 space/Unit <br />3 Bedroom (or more) Multifamily 2 spaces/Unit <br />Residence <br />Office Buildings, Clinics, Financial 1 space/300 SF <br />Buildings <br />General Retail Stores 1 space/300 SF <br />Restaurants, Bars, Theaters 1 space/ 4 seats <br />Hotels, Motels 1 space/guest unit and 1 <br /> space/2 employees <br />Quick-serve Food Stores, Convenience 1 space/150 SF <br />Markets <br /> <br />Table 1: City of Golden Parking Requirements <br /> <br />Developers may elect to pay a fee-in-lieu of providing the required parking. The fee-in- <br />lieu structure in Golden differs from the one in the City of Louisville in that developers <br />are given the payment options outlined in Table 2 below. <br /> <br />Table 2: Golden Fee in Lieu Structure <br /> <br />Land Use Change Fee Basis Payment Period for Rights Conveyed <br />Capital Contribution <br /> Use of designated <br /> 100% of current spaces on a leasehold <br /> replacement cost of basis; guaranty that <br />New Construction or structured parking Up to 20 years designated spaces will <br />Building Addition space, plus annual not be eliminated for <br /> maintenance and period of lease; <br /> administrative fee participation in <br /> management entity. <br /> 50% of current Non-exclusive use of <br />New Construction or replacement cost of public spaces; good faith <br />Up to 20 years commitment by City not <br />Building Addition structured parking to eliminate necessary <br /> space. public parking <br /> Annualized Payments begin at the <br /> contribution based <br /> upon 25% of start of the third <br /> calendar year the Non-exclusive use of <br /> current <br />Individual tenant replacement cost of business is in public spaces; good faith <br />change of use structured parking operation. Ongoing, as commitment by City not <br /> space, amortized long as tenant to eliminate necessary <br /> occupies space, or if public parking <br /> over a 30 year transferred to a future <br /> economic life of a tenant. <br /> structure. <br /> <br />16 <br />