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ITEM: <br />LOUISVILLE PLANNING COMMISSION <br />STAFF REPORT <br />November 12, 2009 <br />PLANNER: Gavin McMillan, Planner 11 <br />REQUEST: <br />Amending certain sections of the Louisville Municipal <br />Code and the Downtown Framework Plan regarding <br />parking requirements and the cap on floor area in the <br />westerly portion of downtown. <br />Approval of Resolution No. 11, Series 2009, a <br />resolution recommending amendments to Chapter <br />17.20 (Off Street Parking and Loading) and Chapter <br />17.12 (District Regulations) of the Louisville Municipal <br />Code, as well as Chapter 5 of the Downtown <br />Louisville Framework Plan. <br />INTRODUCTION <br />Planning Staff has prepared the following information as an overview of proposed <br />changes to Section17.20 (Off Street Parking and Loading) and Section 17.12 <br />(District Regulations) of the Louisville Municipal Code (LMC), as well as Chapter <br />5 of the Downtown Louisville Framework Plan. The policy changes under <br />consideration include the following: <br />1. Increasing the current cap on square footage built downtown from 354,000 <br />square feet to 475,000 square feet (excluding city owned buildings). <br />2. Reducing the amount of parking required for development from 2.5 spaces <br />per 1,000 square feet (1:400) of new construction to 2 spaces per 1,000 <br />square feet (1:500) of new construction and adopting residential parking <br />requirements in the downtown core area. <br />3. Considering an increase to the fee charged in lieu of providing parking. <br />4. Allowing parking credits for on- street, shared, and remote parking. <br />BACKGROUND <br />Over the past year, Planning Staff has undertaken a public process to review <br />parking and downtown development policy. Staff initially conducted a review of <br />the fee charged in lieu of providing parking (parking fee -in- lieu). Through various <br />meetings with the Business Retention and Development Committee (BRaD) and <br />other downtown stakeholder groups, the discussion evolved into a complete <br />review of parking and development downtown. Staff completed a parking study <br />of the downtown area (see attachment 1) to assess the current state of parking <br />and development downtown. The results of the study, along with the input from <br />