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Land Use Text Amendment - Public Parking Opportunities in Town Center: Considering Payment-in-Lieu Amendments, and changes to Town Code, and Other Policies.
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Staff:
Department:
Dwight Bassett, Economic Development Officer
Manager's Office
Colleen Willger, Director
Planning
Judy Johnson, Assistant Director
Overview: The Town's goal of economic and financial sustainability includes an objective of making downtown Chapel Hill a destination with diverse options for work, living and play. Staff has explored initiatives to invest in downtown infrastructure to support private businesses and residences. One way the Town Council can support these initiatives is to expand public parking opportunities.
Recommendation(s):
That the Council open the legislative hearing, receive comments, and recess the public hearing to October 27, 2021.
Decision Points:
* Creating downtown parking requirements for different land uses
* Establishing an initiation fee per space and monthly rental
* Establishing an annual audit and bi-annual look-back
Key Issues:
* Recent parking studies have shown the future demand for additional parking spaces.
* At the February 6, 20191 Council Work Session, Council expressed interest in staff drafting an ordinance that would create an alternate to private parking for new development. Due to work load, staff has not been able to dedicate significant time to this effort until recently.
* Creating urban parking standards for Town Center zoning district
* Applying the standard to development projects with Council entitlement, which would be expected to provide a payment-in-lieu to the Town's Parking Fund for a minimum of 50 percent of the required parking spaces
Fiscal Impact/Resources: The Town would gain an initiation fee to help support capital needs for future parking and also have spaces guaranteed for monthly payments as a part of the program. We project that in the next 18 months we could see $2 million in initiation payments.
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