City Council Minutes 1999 03 02 - Laserfiche WebLink

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adopted in the future. Mayer stated that, in lieu of approving a second PUD for parking, Council specify that the parking meet certain standards. He did not want to see fifty-eight compact car parking spaces. Davidson suggested that Council approve the project subject to the conditions for off-site parking in the Downtown Louisville Framework Plan. Mayer agreed. Keany asked Hartronft for the net gain to the 900 block of Front Street if it is converted to parking. Hartronft was unsure of the number, and stated that he would have to review his paperwork. Keany asked for a cost estimate to convert to parking. Hartronft replied that the idea did not appear to be received well by City staff; therefore, it was not pursued. Keany asked Phare for an estimate to convert the 900 block of Front to parking and installing a right turn onto Walnut Street. Phare replied it would cost approximately $75,000 - $100,000. He stated that one way or another, the City will need to invest in it as a street or convert it into a parking lot. Hartronft replied that the approximate net gain would be around 30 parking spaces. Keany asked Lehman if Council gave him partial credit for converting this area into parking would he be willing to consider doing that as part of his improvements. Lehman replied that the off-the-cuff estimate for what it would cost to do that on Front Street is totally within the perimeters that he would be willing to fund. He stated that this would be the ideal time to take advantage of this area. Keany stated that he believes Lehman owns other properties along there that may tie into the same parking lot if improvements were made in that area. He proposed that staff and Lehman sit down and evaluate whether there is a way to make a private/public partnership here to use public property but private funds to convert Front Street into additional parking that benefits both downtown and the applicant as part of this proposal. He felt there is some merit in doing a joint partnership that doesn't cost the City any money, only land that is now used as a street. He did not want to make this a condition of approval, only a proposal for staff and Lehman to consider. Davidson stated that while he would support such a venture, there would be a need to resolve this with the two other properties that front Front Street. 22