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KAY: Yeah. <br />RAFFIPIY: Okay, I think Mr. Rock addressed the traffic and I think you still have the parking to <br />address or there was a concern that one of the concern that was brought up by I think was by <br />Commissioner Au. <br />ROCK: Yes, would like me to address parking? <br />RAFFIPIY: Please. <br />ROCK: Sure. So, to start I think that over all the vision of ou <br />Planning are pretty aligned having appropriate parking I think <br />So, from that standpoint we on pretty good grounds. NowM_ j <br />details and again the concept of flexibility and imposin'-requi <br />So, where we are today is, we've been engaged withilPlanning <br />plans and what we plan on doing just with the resclent=units aj <br />mentioned the plans can and do change over time as weT%corl <br />the community and addressing different needs. <br />So, having flexibility in the system is very� <br />to look at the entire playing field when we are go <br />Approval and to say, does this result makes sense. <br />provides for a minimum and ,a maximum. So; =the <br />eighty (80) stalls and then-ffi` e reads up to -"`P` <br />believe adds up to about -'a hundred and twenty -e` <br />acceptable results is -some -where b6aeen 80 stalls <br />ial because <br />evelopment and the ideals for <br />a conif-7 n Goal that we share. <br />t comes down_ to some of the <br />rents througlhe ordinance. <br />sent some draft:=to the site <br />the parking stalls%MrvI <br />d.&Vie different comments from <br />us all the opportunity <br />through theprocesses such as Plan <br />:rid=so he existing ordinance language it <br />nimur s-1 1.25 parking stalls per unit or <br />(60) per, additional units which I <br />(128) stalls. So, for example the window of <br />d a 128. <br />From our standpoint_ we di&' e"back and forth with the Planning Department. Initially we <br />requested to rer o erthe;=maximummot to ad�ust^the minimum and then we just backed off of that <br />and said -=you know that window recuts_ I do think that's kind of a practical execution for us. <br />_._. <br />Where e_sit today I think _our parking stalls count is about a hundred and sixteen (116) stalls <br />and so the ndow of resulfMat's our preferred method cause again it allows everyone to take a <br />look at what ze are doing and as far as the actual number of stalls produced we do want to <br />provide adequate parking for _tle residents. Having someone that can't find a parking spot, they <br />have to park down the_,street or just in this area because of the lack of street -parking and other <br />concerns. That would�just represent a challenge and that is not what we want to do to our own <br />residents. _= <br />So, we take a look at what the typical usage is for affordable housing properties like ours and so, <br />for our project to add a little bit of clarity on the income restriction. Basically, our project has a <br />ceiling for different levels of income so, we are not going to go above of 60% of AMI. We can <br />go down I think effectively to zero because of the Section 8 vouchers that are allocated to the <br />project. So, we have a wide range economic results anticipated for our tenants and its open to <br />the general public so we may have some senior residents, we may have some families, it going to <br />be a whole bag. And so, just looking at our properties that are currently in our portfolio and <br />EXHIBIT A (DRAFT) <br />17 <br />