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COMMUNITY REDEVELOPMENT AGENCY <br />MEMORANDUM <br />TO: Community Redevelopment Agency Members <br />FROM: Emily Hanna, AICP, Chief Planner <br />DATE: May 14, 2018 <br />RE: Authorization of Lake Concord Parking Study <br />Introduction: The City is requesting a financial commitment from the Community <br />Redevelopment Agency (CRA) for a parking study at Lake Concord Park in the amount of <br />$47,260. <br />Background: Lake Concord Park is home to many wonderful large and small events hosted by <br />the City and other organizations on almost a weekly basis. Additionally, Lake Concord Park is <br />home to City Hall, along with Integra Lakes Apartments and the potential for commercial <br />businesses along US Highway 17-92. In 2016, the CRA updated its redevelopment plan and <br />identified a parking structure as a project to be funded through the CRA. Before the CRA can <br />begin constructing a parking structure, a study must be conducted to determine the number of <br />parking spaces necessary to support existing park users, City Hall and future growth of Lake <br />Concord Park. <br />Discussion: The Lake Concord Parking Study will help identify the parking needs for the area, <br />recommend updates to the parking requirements for the Lake Concord Park Overlay District, in <br />addition to the City's ULDR requirements. The study will also look at pedestrian connections and <br />alternative transportation options for Lake Concord Park, ensuring that all modes transportation <br />are considered when determining a parking need. This parking study will further the construction <br />of additional parking spaces as outlined as funded project within the CRA's Redevelopment Plan. <br />Budget Impact: $47,260 for the parking study will be drawn from the Professional Services <br />account (113-0210-515.31-00). <br />Recommendation: CRA funding of the Lake Concord Parking Study in the amount of $47,260 <br />is requested. <br />Prepared by: Emily Hanna, AICP, Chief Planner <br />Reviewed by Randy Newlon, City Manager <br />Rebecca Bowman, MBA, CGFO, CGFM, Finance Director <br />Attachments: Exhibit A: Parking Study Scope of Services <br />Exhibit B: Cost for Parking Study <br />