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may be counted toward the required number of guest parking <br />spaces only. On- street parking allowed by this provision shall not <br />be counted toward the maximum amount of off street parking <br />allowed. <br />2. Reduction for Shared Parking. <br />The amount of off street parking required may be reduced by an <br />amount determined by the Planning Director when it can be shown <br />through a parking demand study that sufficient parking is or can be <br />met by the subject uses through shared parking. The parking <br />demand study shall provide information and evidence about the <br />anticipated parking demand at peak times during a day and the <br />distance relationship between available shared parking spaces and <br />the specific uses served. A shared parking agreement shall be <br />executed and recorded prior to the issuance of a certificate of <br />occupancy or prior to the issuance of a certificate of completion by <br />the Building Safety Division. <br />3. Maximum Total Reductions. <br />Total cumulative reductions to the minimum off street parking <br />requirements through application of this subsection shall not <br />exceed twenty -five (25) percent. <br />J. Remote Parking Allowed. <br />The city may permit all or a portion of required off street parking to be located off <br />site subject to the following standards: <br />1. Location. <br />Remote off street parking spaces shall be located no farther than <br />1,320 feet away from the principal building they are intended to <br />serve, as measured from the nearest point of the remote off street <br />parking facility to the nearest point of the building or structure <br />served. <br />2. Zoning Classification. <br />Remote parking areas shall be considered accessory to the <br />principal use that the parking spaces are intended to serve. Parking <br />areas shall require the same or a more intensive zoning <br />classification than that required for the most intensive of the uses <br />served by the remote parking area, provided that remote parking <br />facilities may be located in any zoning district that allows <br />commercial parking lots and garages. <br />3. Remote Parking Agreement. <br />If a remote parking area is not under the same ownership as the <br />principal use served, an executed and recorded written agreement <br />among the owners of record shall be required. A remote parking <br />agreement may be revoked by the parties to the agreement only if <br />off street parking is provided under this Section. <br />7 <br />