1183.06 LAND BANKING OF REQUIRED PARKING.
(a) The Planning and Zoning Commission shall determine the number of parking spaces to be constructed, as may be appropriate, based on the evidence submitted. Reduction in the number of parking spaces to actually be constructed may be authorized by the Planning and Zoning Commission when the applicant shows that the required number of parking spaces set forth in Section 1183.05 is substantially in excess of the parking needed to reasonably serve the employees, patrons, and other persons frequenting the subject property.
(b) The site plan shall indicate how the additional number of spaces otherwise required could subsequently be provided on the site, and in all cases, with review and approval by the Village Engineer, the storm water management systems must be designed and constructed to accommodate all land banked spaces as detailed in Chapter 1128 Comprehensive Storm Water Management.
(1) The additional parking area shall be designed to comply with all required yards, setbacks, and driveways for subject property and shall meet all requirements of this Code. The additional parking areas design may be a surface lot or parking garage, as determined in the site plan.
(2) Landscaping of the land banked area must be in full compliance of the zoning regulations and at a minimum, vegetation approved by the Planning and Zoning Commission, shall substantially cover the land banked area. The Planning and Zoning Commission may require additional landscaping of the land banked area.
(c) The land banked area shall not be used for any other purpose and must be part of the same zoning lot and all under the same ownership.
(d) The Planning and Zoning Commission on the basis of increased parking demand, may require the conversion of all or part of the land banked area to off-street parking spaces.
(e) The reservation of said spaces and the purpose therefore, shall be shown upon the approved plans as "Land Banked Future Parking" and shall be a component of any future submittal involving the subject property. (Ord.2010-41. Passed 1-18-11.)