Approve First Amendment to Amended and restated Parking Use and Maintenance Agreement - Ramp A

In April of 2012, the City, The HRA, and the EDA approved the Amended and Restated Parking Use and
Maintenance Agreement (PUMA).

This amended agreement was updated to address, among other things, the concept of the dedication of spaces to The
Residence at The COR, and the related signage and use issues surrounding the ongoing operation of the ramp now
that it will be completely allocated.

The agreement was recorded in May of 2012, and included a provision for the preparation and execution of an
amendment to the agreement to add the legal description for the "Exclusive Easement Area" as outlined
conceptually in Exhibit D-2 of the recorded agreement. This was to be prepared following the completion of
construction of the ramp and related vestibules.

That survey has been completed and the easement areas identified based on the constructed condition.

As-Built Parking Summary:
Ground Floor - 165 stalls + 8 Accessible stalls = 173 Total Stalls
2nd Floor - 216 stalls + 5 Accessible stalls = 221 Stalls
3rd Floor - 214 Stalls + 5 Accessible Stalls = 219 Stalls
4th Floor - 178 Stalls + 2 Accessible Stalls = 180 Stalls
TOTAL STALLS - 793

After a final Assessment of the constructed parking configuration, the following reflects the current parking
allocation for Ramp A:
Stalls DEDICATED to Lot 3, Block 1, COR ONE - 275
Stalls ALLOCATED to Lot 3, Block 1, COR ONE - 25
Stalls ALLOCATED to Transit (per funding requirements ) - 350
Stalls ALLOCATED to Municipal Center - 75
UNALLOCATED Stalls (future use) - 68
TOTAL STALLS - 793

Notes:
Municipal Center requires 136 stalls by code, but provides 64 on-site stalls, and therefore needs 72 stalls in Ramp A
to meet current parking requirements. Previous Allocation to the Municipal Center was 108 stalls. HRA/Council
should consider this reduction as a policy question on how stalls are allocated, or reserved for future uses.

The development team recommends the City Council approve the First Amendment to the Amended and Restated Parking
Use and Maintenance Agreement for Ramp A, subject to final modification and approval by HRA legal counsel, and
direct the agreement to be executed and recorded.

HRA Professional Services Budget

Approve the First Amendment to the Amended and Restated Parking Use and Maintenance Agreement for Ramp
A, subject to final modification and approval by HRA legal counsel, and authorize and direct the agreement to be
executed by the Mayor, City Administrator, and recorded.