Common use of Shared Parking Clause in Contracts

Shared Parking. In furtherance of the XXXX'x shared parking (1) The Project shall be subject to a shared parking program whereby commercial visitors and residential guests shall have access to and utilize the same parking spaces. (2) Consistent with providing sufficient on-site parking for building users, the Developer may make any unused on-site parking available for monthly lease at market rates to third parties in the surrounding area in need of parking. Prior to making any unused on-site parking available to third parties, Developer shall obtain a written report by a traffic and parking engineering firm that demonstrates that the proposed parking spaces to be leased to third parties are not needed to meet the Project's peak parking demand and shall submit that report to the City for review and approval by the Planning Director. Alternatively, Developer may seek City approval for shared parking in accordance with any City procedure in effect at the time Developer requests approval for a shared parking arrangement.

Shared Parking. In furtherance of the XXXX'x shared parkingparking policies: (1) The Project shall be subject to a shared parking program whereby commercial visitors and residential guests shall have access to and utilize the same parking spaces. (2) Consistent with providing sufficient on-site parking for building users, the Developer may make any unused on-site parking available for monthly lease at market rates to third parties in the surrounding area in need of parking. Prior to making any unused on-site parking available to third parties, Developer shall obtain a written report by a traffic and parking engineering firm that demonstrates that the proposed parking spaces to be leased to third parties are not needed to meet the Project's peak parking demand and shall submit that report to the City for review and approval by the Planning Director. Alternatively, Developer may seek City approval for shared parking in accordance with any City procedure in effect at the time Developer requests approval for a shared parking arrangement.

Shared Parking. In furtherance of the XXXX'x shared parkingparking policies: (1a) The Project shall be subject to a shared parking program whereby commercial visitors and residential guests shall have access to and utilize the same parking spaces. (2b) Consistent with providing sufficient on-site parking for building users, the Developer may make any unused on-site parking available for monthly lease at market rates to third parties in the surrounding area in need of parking. Prior to making any unused on-site parking available to third parties, Developer shall obtain a written report by a traffic and parking engineering firm that demonstrates that the proposed parking spaces to be leased to third parties are not needed to meet the Project's peak parking demand and shall submit that report to the City for review and approval by the Planning Director. Alternatively, Developer may seek City approval for shared parking in accordance with any City procedure in effect at the time Developer requests approval for a shared parking arrangement.