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maintenance of the parklet, transfer of ownership, liability/indemnification, and insurance requirements, as detailed in Attachment 1. Staff suggests annual renewal of the permits which will allow the City to verify insurance is active, that there are no maintenance issues with the subject parklet, and there are no planned street improvements in the upcoming year (e.g., repaving Main Street) that might require the parklet to be removed. The Planning Commission indicated the process seems appropriate and asked that staff clearly outline expectations, process, timelines, and requirements with the business community. If the parklet program as outlined by staff is supported by the City Council, the City can set-up subsequent meetings with the PDA to clearly outline the aforementioned items and provide clear direction on how businesses can proceed if they wish to install a parklet. Parklet Fees Staff outlined initial one-time fees and annual fees, as detailed in Attachment 1. Staffs methodology is detailed in Attachment 1 but includes consideration of existing parklet programs, the current cost of parking to residents, hypothetical monetary value of parking if meters were installed, downtown commercial rental rates, and the current Parking In-Lieu fee (on an annualized basis). After considering all of these inputs, staff recommends an annual fee of$1,000 per year, per parking space occupied, with the fee to be waived during the first year to help offset the costs of investing in the parklet itself. In discussing the fee, the Commission considered the loss of parking, parklets' economic benefit to individual businesses as well as the cost of participating (e.g., construction and maintenance of the program), potential City tax revenue, economic attraction of allowing parklets, and equity (particularly during economic downturns). A comment was made that parklets are now being permitted all over the country and may factor into the equation whether restaurants choose to locate in downtown Pleasanton rather than another city. Some members of the Commission felt that the proposed $1,000 fee was potentially too low and should be closer to the middle of the range of fees that staff concluded could be charged (between $1,000 and $7,500 a year), potentially with a longer initial period during which fees might be waived to support start- up of the program. Other Commissioners concurred with the proposed amount and noted that the City should not aim to "make money" off of that rental rate but simply aim to recover costs. Additionally, there was also some discussion around if whether the City should provide grants to businesses to encourage construction of parklets or waive the rental fees all together. These parklet structures may be expensive to build and it was posited that if the City could provide some initial grant money, it may encourage the parklet program to be used by businesses that may otherwise not be able to afford it. Page 6 of 8