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E <br />of creating a severe parking problem in the area, since it depends both <br />on the future availability of alternative parking in the area and on the <br />actual future parking needs of the Fidelity Savings Building. For <br />purposes of this environmental review, it will be presumed that the loss <br />of parking spaces by the Fidelity Savings Building will amount to a <br />significant effect on the environment only if it is not mitigated so as <br />to provide that building with at least the 351 spaces required under <br />current City off-street parking standards. <br />i� <br />(It is true, of course, that even with mitigation to the <br />extent of providing 320 spaces, the Fidelity Savings Building would <br />still lose the 67 spaces it now has in excess of City standards, and <br />that such decrease, while not deemed substantially adverse to the <br />L <br />environment, does take away something of value to KLST. This, however, <br />would be a loss of value for which the Agency would be required to <br />G° compensate KLST in the course of its acquisition of Sales Parcels 3 and <br />5 by purchase or eminent domain). <br />t�.. <br />In order to provide 351 spaces to the Fidelity Savings <br />Building, it will be necessary to provide that building with additional <br />land usable for off-street parking, The amount of land required will <br />depend upon the City's requirements for parking space size and aisle <br />width as well as the amount of additional spaces to be provided. The <br />existing Fidelity Savings Building parking area is designed for <br />� 9 Y 9 9P 9 <br />+a full-size car spaces. The City zoning code does allow, however, for up <br />' to 40 percent of parking spaces to have the smaller dimensions <br />prescribed for small cars together with some reduction in the width of <br />i aisles serving such small car spaces. <br />The Redevelopment Agency currently owns the strip of vacant <br />land between the Fidelity Savings site and the Owens Drive extension to <br />the south. Of this land, approximately 26,300 square feet lies to the <br />south of that portion of the Fidelity Savings site which would remain <br />after the loss of Sales Parcels 3 and 5. The City's Planning Department <br />has conducted a review which indicates that, if this 26,300 square foot <br />751Y-197 <br />