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Jeremy Ogulnick May 5, 2020 Page 7 been prepared based on the utilization profile of each included land use component. The following section calculates the parking requirements for Project based on the shared parking methodology outlined in ULI Shared Parking, 2nd Edition. The specific tenancy mix of the Project provides an opportunity to share parking spaces based on the utilization profile of each included land use component. The parking ratios identified above have been used directly for incorporation into a shared parking analysis consistent with the methodology outlined in the Urban Land Institute (ULI) and published in Shared Parking, 2nd Edition. Based on the results of this shared parking assessment, the adequacy of the Project's retail/commercial component parking supply of 400 spaces can be determined. Key inputs in the shared parking analysis for each land use include: • Peak parking demand by land use for visitors and employees. ■ Adjustments for alternative modes of transportation, if applicable. • Adjustment for internal capture (captive versus non -captive parking demand), if applicable. • Hourly variations of parking demand. ■ Weekday versus weekend adjustment factors • Monthly adjustment factors to account for variations of parking demand over the year. ■ Applicable parking ratios per Article Xv— Off -Street Parking in the City of Santa Ana Municipal Code For this analysis, a conservative 5% parking adjustment was utilized to account for "walk-in" trips attributable to synergy between uses and the residential component of The Bowery and adjoining retail/commercial component. These adjustments are representative of the interaction between the Project's uses. Tables 2 and 3 present the overall weekday and weekend parking demand profiles for the retail/commercial component of the Project based on the shared parking methodology. Columns (1) through (3) of these tables present the parking accumulation characteristics and parking demand of the proposed uses for the hours of 6:00 AM to midnight. Columns (4) through (5) presents the expected joint -use parking demand for the Center on an hourly basis and further presents the hourly parking surplus/deficiency for the proposed Project compared to the parking supply of 400 spaces. Review of Tables 2 and 3 indicates that the future full occupancy weekday peak retail/commercial parking demands will occur at 12:00 PM with peak demands of 332 spaces. Based on the proposed retail/commercial parking supply of 400 spaces, the peak demand hours on a weekday will yield a surplus of 68 spaces. On a weekend YW20f1\M2].I-ThPB.,,. ,Santa Ana\R,p,64274 The Bravery Revn.d P7r5G 1 89—Plan 0.505-21)20.doc