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THE CITY OF 5 t Bltt.. CITY COUNCIL AGENDA REPORT LAVT6K February 4, 2014 Community Development Planning Division TITLE: P13-2458, CONSIDERATION OF: (1) INTRODUCTION OF ORDINANCE TO AMEND CHAPTER 18.88 (OFF-STREET PARKING FACILITIES) OF THE PLEASANTON MUNICIPAL CODE TO MODIFY PARKING REQUIREMENTS IN EXCHANGE FOR FULFILLING OBJECTIVES OF THE DOWNTOWN SPECIFIC PLAN; AND (2) THE NEGATIVE DECLARATION PREPARED FOR THE PROPOSED CODE AMENDMENT SUMMARY The City is initiating a Pleasanton Municipal Code (PMC) amendment to section 18.88 (Off-street parking facilities) in order to encourage private redevelopment for updating private properties located in Downtown Pleasanton by waiving in-lieu parking fees if owners/developers of eligible parcels provide a public amenity, such as a mini-plaza, that meets the objectives of the Downtown Specific Plan. Staff has drafted proposed amendments of the Pleasanton Municipal Code (PMC) to address waiving in-lieu fees for eligible parcels within the Downtown Revitalization District. Code amendments require review and recommendation from the Planning Commission to the City Council. Accordingly, the amendment is before the City Council for consideration and action. PLANNING COMMISSION ACTION At their January 8, 2014 meeting, the Planning Commission unanimously recommended approval of the Code amendments as outlined in Attachment 1. RECOMMENDATION 1. Find that the proposed Code amendment does not have a significant effect on the environment and adopt a resolution approving the attached Negative Declaration (Attachment 2); and 2. Introduce the draft ordinance amending the Pleasanton Municipal Code as shown in Attachment 1. FINANCIAL STATEMENT The City will exchange the payment of in-lieu parking fees for the value of a public amenity that is equal to or in excess of the amount of the in-lieu parking fees to be waived. It is anticipated that development projects that are granted approval to construct a public amenity, such as a mini-plaza, will result in increased revenue to the City through sales taxes and business license fees, and also could result in increased overall economic vitality in the Downtown.