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Commissioner Brown: Okay, so again, if you wanted to build a war chest so to speak <br />associated with building a parking structure, it would make sense to make sure those in- <br />lieu fees are reflecting and representative of the money you will have to spend to build <br />that parking structure. So I agree with everyone else that I think it should be put to the <br />question as to what is the relative priority compared to the other things on the docket. <br />Commissioner Balch: You know, boy, you know one of the things I want to, maybe for <br />myself without necessarily knowing where everyone is at, I apologize because when <br />this was separated I didn't realize, and I started picking this up in detail just a few days <br />ago, but you know, in terms of the transportation corridor parking behind Cole's, I think <br />lower hanging fruit and that type of stuff in terms of where you're focusing on, you know, <br />unfortunately it's not this or that. It's not a serial process. It can be a parallel process. <br />You know, that and some bike racks plus .... I think you guys when I read this, you've got <br />a lot of great stuff. I don't want to necessarily usurp what you've prioritized and what you <br />can accomplish right away with low dollars and get good bang for the time and energy. <br />What I think I'm at with in -lieu is like I mentioned, when would ever be the time you <br />would start? In light of the reference around this topic, I think now is good personally. <br />Bonn: So maybe in recognition of some of the discussion and in recognition that this <br />isn't necessarily going to address fully the discussion you'd like to have for in -lieu fees, <br />just for reference purposes, the costs that were assumed for the parking structures <br />assume $23,000 for an above ground space and $39,000 for the subterranean spaces. <br />So I'm just throwing that out there in case that puts the $19,000 into perspective. <br />Commissioner Brown: It doesn't include land then. <br />Bonn: Right, it doesn't include the land or any other costs. <br />Commissioner Brown: That's what I mean. There's a term we use in my business which <br />is fully loaded cost. When we talk about head counts and benefits and so on, it needs to <br />be fully loaded costs because you're choosing to approve a project that allows more <br />residential in favor of a parking spot, so it needs to be fully loaded costs including <br />parking, the land and business. <br />Commissioner Balch: You're probably preaching to the choir on this one as I'm thinking <br />about it more. <br />Beaudin: I don't think we're opposed at all to the idea of studying that number. I just <br />need to get that into the plan and into the overall policy guidance from the City Council <br />and you know we've got a majority of the team here tonight and we all have projects <br />going. <br />Chair Ritter: I think you have nearly 100 percent of the team, but so we know that, other <br />priority that I think Commissioner Balch brought up was I think the corridor. That's huge <br />and would get an instant bang for the buck and its right down at the south end of the <br />Main Street so you get a lot of people walking across for concerts in the park. <br />Commissioner Brown: Are we talking about a Class I trail? <br />Chair Ritter: No, it's along the ditch. <br />PLANNING COMMISSION MINUTES, August 24, 2016 Page 31 of 39 <br />