The Parking In Lieu of fee was established in 2011 to provide an alternative for site developers who could not provide enough parking on their site, particularly in the downtown where the Parking Garage augments available parking.  By establishing a fund, there was an effort to dedicate funds for the City to add to the existing inventory of property. In the years since it was first adopted, there have not been any changes to the amount which was originally set at $2,000.  Based upon consensus from the Parking Committee and analysis provided by Walker Parking. Staff is recommending the Parking in Lieu of fee be raised to $12,000 per space - with funds made available for maintenance and repair of existing parking facilities, as well as new. 

Approval of Resolution 16-R37