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Mr. Michael McCann <br />September 16, 2019 <br />Page 8 <br /> <br /> <br />N:\3900\2183984 - First American Plaza, Santa Ana\Report\Revised First American Plaza Parking Study & Parking Management Plan 09-16-2019.docx <br />nearby parking garages which could easily accommodate the parking needs for the <br />retail component and/or guest parking; during the evening period the parking <br />available would be even more (see Figure 4 bar chart). In the event that additional <br />overflow residential parking were needed it is anticipated the parking garages would <br />have more than adequate surpluses to accommodate the late evening/early morning <br />period, although the Project would have to seek City Council approval and request <br />permission from the City to lease spaces for the Project’s residents. <br /> <br /> <br />PARKING REQUIREMENTS <br /> <br />City TZC Parking Requirement <br />Table 2 summarizes the parking requirements of the Project based on application of <br />the City’s TZC ratios of 2 spaces per DU and 0.15 guest spaces per DU for residential <br />uses, and 1 space per 400 SF of retail floor area. As shown, the Project would require <br />504 spaces, comprised of 473 spaces for the residential component, inclusive of guest <br />parking, and 31 spaces for the retail component. Comparing this parking requirement <br />against a proposed parking supply of 332 parking spaces results in a parking deficit of <br />172 spaces. <br /> <br />Parking Requirement for Affordable Housing <br />Based on the application of the affordable housing ratios listed above to the Project’s <br />residential component and City TZC code retail ratio to the commercial component, <br />the Project would require 325 spaces, comprised of 294 spaces for the residential <br />component, inclusive of handicapped and guest parking, and 31 spaces for the retail <br />component. Comparing this parking requirement against the parking supply, the 325- <br />space parking requirement is satisfied and there is an additional surplus of 7 spaces. <br />Table 3 summarizes the resulting parking demand estimates based on the affordable <br />housing ratios applied to the Project’s residential component. As shown, the Project is <br />designed to meet these requirements, with one parking space per bedroom provided <br />for the residential component of the Project. The assignment of parking spaces to the <br />various users of the Project is documented in the following Parking Management <br />Plan. <br /> <br /> <br />1- 117