A. Application; Review: In lieu of providing the parking spaces required by this chapter, the owner of a building or use requiring parking spaces may, at their option, make application to the commission to make payments to the city, in an amount per parking space to be specified by the council by separate ordinance, for each parking space not provided.
B. In Lieu Amount Reviewed By Council: The per space in lieu amount shall be reviewed on an annual basis by the council. Factors to be considered by the council when establishing the amount of funds to be contributed per in lieu space are: the cost of land; the amount of land needed for each parking space along with travel lanes, landscape areas and other amenities; the cost of physical improvements to the property, including grading, compaction, drainage, asphalt, concrete, landscaping, lighting, striping and other amenities as may be considered appropriate.
C. Recommendation To Council: The commission, after hearing the application and receiving public testimony concerning it, shall make a recommendation to the council concerning the number, if any, of in lieu payments to be allowed.
D. City Right To Deny: Maximum Percentage: The city reserves the right to deny in lieu payment. The maximum number of payments any business may make in lieu of providing parking shall not be greater than thirty three percent (33%) of the total number of parking spaces required.
E. Elimination Of Off Street Parking: Property owners may eliminate existing off street parking if in lieu payment is approved and made according to the provisions of this section.
F. Use Of Funds Received: All funds received in lieu of parking spaces shall be placed into a separate parking improvement fund to be used solely for the acquisition and/or improvement of public parking.
G. Payment: Payment of in lieu fees must be made to the city prior to issuance of the applicable building permit or, in the case of an existing building, prior to issuance of a business license. (Ord. 1191, 2015)