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area were added on to the remainder of the existing Fidelity Savings <br />parking area and the entire parking area were then redesigned to provide <br />l 35 percent small car spaces, then 259 total spaces could be provided. <br />i This still leaves 92 spaces to be provided, and the only land available <br />for this purpose appears to be some part of the Fashion Square Project <br />site itself. <br />It is therefore recommended that the Agency and the Developer <br />seek an agreement with KLST to provide additional off-street parking, <br />sufficient to satisfy City code standards, for the Fidelity Savings <br />Building by sale or lease, or some combination thereof, of both the <br />vacant Agency land to the south and some portion of the Project site in <br />the near vicinity. The amount of land involved will depend upon the <br />extent to which the existing and additional parking area is redesigned <br />for small car spaces, which is a matter to be negotiated by the <br />interested parties. At the least, however, the Agency and the Project <br />Participants should offer KLST sufficient land at fair market value (or <br />fair rent) in trade-off against the land to be acquired for the Project <br />(Sales Parcels 3 and 5), to allow for a total of 351 parking spaces, <br />assuming the maximum number of small car spaces, with the Agency and/or <br />the Project Participants to bear the cost of installation of the new and <br />redesigned parking areas. <br />(It may prove advisable to offer more land for more spaces in <br />order to avoid potential severence damages, but this is a legal and <br />economic issue rather than an environmental concern). <br />L3 <br />Cumulative Impacts <br />1 <br />Construction of the "cumulative projects" listed in Table 3 <br />would result in a high intensity of commercial and office uses in the <br />project area. The proposed project in addition to the other proposed <br />projects would convert existing vacant land into commercial uses, which <br />, <br />would reduce open space in the area. However, the area is proposed for <br />commercial uses by the respective general plans and, therefore, the <br />f <br />n <br />75D 198 <br />