ADMINISTRATIVE REPORT Date: November 6, 1995 Dept. File No. 592-186 TO: Vancouver City Council FROM: General Manager of Engineering Services SUBJECT: Payment-In-Lieu Parking Application - 75 East Pender Street RECOMMENDATION A. THAT Council approve in principle the offer of payment-in- lieu in the amount of $66,500 by David Sze Architect for DE 400001, for the waiver of 5 parking spaces required by Section 4.1.2 of the Parking By-law. 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: 75 East Pender Street Applicant: David Sze Architect for Francis C.Y. Chen Zoning: HA-1 DE No. 400001 Type of Development: New 5-storey building Use: General office (1649m›), retail (402m›) and social club (472m›) Legal Description: Lot D, Block 13, Plan 22415, District Lot 196 Parking Required: 25 Parking Provided: 20 No. of Spaces for Payment-In-Lieu: 5 Recommended Amount/Space: $13,300 Total Payment-In-Lieu Amount: $66,500 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. * * * * *