THE CORPORATION OF THE CITY OF PORT COQUITLAM C 0 UJ a
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MEMORANDUM
JAN 13 1979

TO: Mayor and Council January llth, 1979

FROM: Pianning « Zoning Committee

Re: Lease Agreements for Parking Stalls
on City Parking Lots

The City has in several occasions entered into agreements
with developers of downtown commercial projects to lease parking from
the City to meet part of their total parking requirement. The purpose
of this practice is to assist new commercial developments and additions
to existing buildings which otherwise may be unable to proceed due to
the inability to provide 100% on—site parking as required by tie Zoning
By-law. The current monthly rate is $7.50 per stall with an initial
charge of $325.00 per stall.

Two requests for similar arrangements have recently been
received.

1. Existing Commercial Buildime at 2565/75 Shaughnessy Street

Council may be aware that this commercial building has been
for sale for some time. A potential purchaser is proposing to renovate
the entire building and to convert the second storey to office use from
the current mixed office/apartment use. The proposed renovation is a
highly desirable undertaking in terms of improving the overall appearance
of our downtown. As a result of the use change on the second floor, the
parking requirement is increased by nine stalls. As it is not possible
to provide more parking on site, the purchaser is requesting lease arrange-
ments in order to meet the increased parking requirement.

2. New Commercial Building at 2253 Wilson Avenue

A new commercial building is being proposed on the above site,
exclusively designed for a restaurant complex consisting of dining, lounge
and self-serve luncheon facilities. No rezoning is required as the property
is already zoned C-3. The development, however, can only provide by way of
underground parking a maximum of 21 parking stalls, as opposed to a total
40 stalls required for the proposed seating capacity of 200. The developer
is therefore requesting consideration by the City for lease arrangements to
provide 19 additional stalls to meet the bylaw requirements.

Both requests have been considered by the Planning and Zoning
Committee and the Committee recommends that Council approve the requested
lease arrangements.

L. Lee,
City Planner.