ORD 2218 - Laserfiche WebLink

and conversion of the westbound right turn lane into a through plus right lane (Condition of Approval 2 in TIA.) PHASE 2 TRAFFIC IMPACT ANALYSIS (TIA) MITIGATION MEASURES: The Developer shall comply with the mitigation measures identified in the project TIA, prepared by Fehr& Peers dated March 2021, to the reasonable satisfaction of the City's Traffic Engineer. These mitigation measures are the following provisions: a. Construct a traffic signal or bond for future signalization at the intersection of Springdale Avenue and the Project driveway (Mitigation 3 in TIA.). b. Construct the following improvements at Stoneridge Road and Springdale Avenue: 1. Extend eastbound left turn pocket to provide a total of 200 feet of storage. 2. Convert the existing southbound left/through combination lane to a left turn only lane. 3. Convert existing south bound right turn lane to a south bound through/right combination lane (Mitigation 4 in TIA.). 4. Modify northbound approach to allow simultaneous northbound and southbound left turns. Section 3.09 Contract Inspection Service Contribution. Developer agrees to contribute to the City funding for a minimum number of estimated weekly hours for contract inspection services for the Project based on the construction schedule for each phase of construction in an amount not to exceed $60,000. Developer shall pay this amount to the City in conjunction with the issuance of the first building permit for Phase 1. In consultation with the Developer, the City's Chief Building & Safety Official shall determine an appropriate estimate of a minimum number of weekly hours and contract inspection service costs for each Phases 2 and 3 of construction after Developer begins to receive building permits for each such phase. The parties agree that if the hours of contract inspection services actually utilized by the subject phase deviates significantly from the estimate, such estimate may be revised in the reasonable discretion of the City's Chief Building & Safety Official in consultation with Developer. After such revision, any reduction in hours may be credited against Developer's future contributions, and any increase in hours shall be paid by Developer within thirty (30) days and if Developer does not make such subsequent contribution payment(s),the parties agree that the City is under no obligation to provide dedicated inspection services for the Project. Section 3.10 Parking and Usage Monitoring. Developer has agreed to provide surface parking at a ratio of 3.2 parking spaces per one thousand (1,000) gross square feet of building area for a total of four hundred and seventy-seven (477) surface parking spaces for Phase 1 of the Project, including resurfacing, restriping and implementing landscaping improvements within the existing paved parking areas, and expansion of existing parking areas if required. Developer has further agreed to provide parking at a ratio of 3.3 parking spaces per one thousand square feet at buildout of the project (i.e. upon completion of Phases 2 and 3), to be provided in a combination of structured and surface parking as described in Section 2.01. Developer acknowledges that the City may require that the Developer provide additional surface parking spaces for Phase 1 if determined necessary in the reasonable judgment of the City's Traffic Engineer based on parking demand of the Project.The City's Traffic Engineer may require that parking supply and demand be monitored by a third party if parking shortfalls are observed. The cost of such third party monitoring and reporting shall be paid by Developer through a reimbursement to the City. 4412928_2 -7- June 5 2021