A6 ADMINISTRATIVE REPORT Date: August 22, 1996 TO: Vancouver City Council FROM: General Manager of Engineering Services SUBJECT: Payment-In-Lieu Parking Application: 1240 Homer Street RECOMMENDATION A. THAT Council approve in principle the offer of payment-in-lieu in the amount of $106,400 by Linda Baker Architect Inc. for DE 400857, for the waiver of 8 parking spaces required by Section 4.1.2 of the Parking By-law; and B. THAT the Director of Legal Services be requested to bring forward a by-law to amend Schedule A of the Parking By-law pursuant to Section 4.11.5 to effect this waiver. COUNCIL POLICY In 1986, Council approved payment-in-lieu parking provisions. PURPOSE An application pursuant to Section 4.11 of the Parking By-law has been received to waive the number of parking spaces required by Section 4.1.2 of the By-law and to make payment-in-lieu. The particulars of the application are as follows: Address: 1240 Homer Street Applicant: Linda Baker Architect Inc. for Graystar Project Management Zoning: HA-3 DE No.: 400857 Type of Development: New 6-storey building Use: Retail/Office (1073m2) and Residential (1662m2) Legal Description: Lot C of 12, Block 76, Plan 6488, District Lot 541 Parking Required: Retail/Office - 12 Residential - 14 Parking Provided: Retail/Office - 4 Residential - 14 No. of Spaces for Payment-In-Lieu: 8 Recommended Amount/Space: $13,300 Total Payment-In-Lieu: $106,400 A review of this application found that payment-in-lieu is appropriate, given the site constraints and the lack of opportunity to provide parking by another means. * * * * *