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Table 2- Project Details Total Project Square-Footage 2{x,76 Square-Footage Being.Removed, (43,106) Net New Square-Footage 165,660 Proposed Office Square-Footage j 900 Manager's Unit/Garage Square-Footage 1,174 Proposed New Storage Square-Footage 163,586 The project will trigger payment of a variety of fees including fees for affordable housing. Based on the current Affordable Housing Fee ($13.02 per-square foot), the project would be required to pay an Affordable Housing Fee of$2,156,893. Fee Reduction Request On November 11, 2020, the City received a formal request from Public Storage, Attachment 9, asking for a reduction in in the Affordable Housing Fee. The request notes the project's employee density (5 employees) compared to its assumed density (414 employees), discusses the building design, and cites past projects that received fee reductions (i.e., PUD-97-6 and PUD-15). A reduction of 98.8 percent of the fees for the entire project is requested. As noted, the applicant's request states the amount at $25,898 based on the prior square footage; this would reduce slightly, based on revised square footage to $26,318. Note that these figures are based on current fee rates (i.e., $13.02); since actual fees would be calculated at the time of issuance of building permits, the final dollar amounts would vary but would utilize the same percentage factors. The new self-storage buildings are designed in a way such that another use could not easily take over the building without extensive tenant improvements. For example, the building has limited entries/exits, narrow corridors, and its interior space would be subdivided into numerous storage units that range in size from 25-300 square-feet. The exterior windows on the storage buildings are spandrel glazing (i.e., opaque glazing used as an external design aesthetic but not actual transparency). Exclusive storage buildings are specifically called out in the PMC as an example of a use that cannot house another use without substantial renovation. Beyond the building design, the approved project's actual employee density is not commensurate with the employee density assumed for a typical industrial use. The EPS study assumes one employee per 400 square-feet. As such, this project is assumed to generate 414 employees. However, the actual employees for this site will be five (which is 1.2 percent of the assumed density). Five employees for the net new space of 165,660 square-feet translates to approximately one employee per 33,132 square-feet. Staff completed additional research to determine whether the proposed number of employees appears reasonable, compared to industry data for similar self-storage facilities. Other studies reviewed included typical assumed employee densities ranging Page 13 of 18