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Grant Williams <br />December 9, 2022 <br />Page 10 <br />Through this monitoring and cooperation with the residents and tenants as a result <br />of the annual review/monitoring, a partnership will be formed to ensure that <br />residential tenants and retail employees and Management Company personnel on <br />the property work together to ensure adequate parking is available. <br />SHARED PARKING ANALYSIS <br />To validate the adequacy of the proposed retail/commercial parking supply in <br />combination with the residential guest component a shared parking analysis has been <br />prepared based on the utilization profile of each included land use component. The <br />following section calculates the parking requirements for Project based on the shared <br />parking methodology outlined in ULI Shared Parking, 3Yd Edition. <br />The specific tenancy mix of the Project provides an opportunity to share parking spaces <br />based on the utilization profile of each included land use component. The parking ratios <br />identified above have been used directly for incorporation into a shared parking <br />analysis consistent with the methodology outlined in the Urban Land Institute (ULI) <br />and published in Shared Parking, 3rd Edition. Based on the results of this shared <br />parking assessment, the adequacy of the Project's retail/commercial component and <br />resident guest parking supply of 90 spaces can be determined. <br />Key inputs in the shared parking analysis for each land use include: <br />■ Peak parking demand by land use for visitors and employees. <br />■ Adjustments for alternative modes of transportation, if applicable. <br />■ Adjustment for internal capture (captive versus non -captive parking demand), <br />if applicable. <br />■ Hourly variations of parking demand. <br />■ Weekday versus weekend adjustment factors <br />■ Monthly adjustment factors to account for variations of parking demand over <br />the year. <br />For this analysis, a conservative 10% parking adjustment to account for (1) "walk- <br />in/internal capture" trips attributable to synergy between uses within the Project and <br />adjacent residential uses, and (2) alternative modes of travel (i.e. carpool, vanpool, <br />transit, bicycle, pedestrian) were utilized to provide a conservative parking demand <br />forecast for the proposed Project. For the Project's Live/Work component, it is <br />assumed that 50% of the employee parking needs are attributed to the residents who <br />would occupy these units. These adjustments are representative of the interaction <br />between the Project' retail and residential component and as well as the existing uses <br />in the vicinity of the Project site. <br />City Council 18 — 353 10/3/2023 <br />NA4500\2224531 - Fairfield Cabrillo Town Center, Santa Ana\Parking & PMP\4531 Cabrillo Town Center Parking Study & Parking Management Plan 12-09-2022.do- <br />