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BOARD OF SELECTMEN POLICY <br />Payment In Lieu of Parking (PILOP) Policy <br />Date Approved by BOS: Signature of Chair: <br />February 13, 2017 <br />I. PURPOSE <br />The Payment In Lieu Of Parking (PILOP) policy provides criteria and a calculation for <br />determining parking mitigation when the required number of parking spaces for a <br />proposed project is not provided, resulting in increased pressures on the Town's supply of <br />public parking. <br />II. BACKGROUND <br />All projects that do not meet the Town's parking requirements are allowed to apply for a <br />special permit from the Special Permit Granting Authority (SPGA) to waive parking <br />requirements in whole or in part. The approval of the special permit is at the discretion of <br />the SPGA. There are, however, no established guidelines for approval nor a standard <br />evaluation of the aggregated impacts of these decisions. To address this, the Selectmen's <br />PILOP policy outlines a consistent approach to mitigate the increased demand on public <br />parking created from certain projects that increase occupiable space but do not meet the <br />parking requirements of the Zoning Bylaw. <br />The mitigation payments will enable the Town to contribute meaningfully towards the <br />overall management of its public parking supply while not discouraging property owners <br />and developers from redeveloping property or hindering their ability to attract a diverse <br />mix of tenants. Developers with projects that need on-site parking can choose to either <br />provide parking as required by the Zoning Bylaw or seek a waiver that may be granted if <br />a mitigation payment is made that will improve public parking in the Center. <br />III. APPLICATION <br />The PILOP policy applies to properties within the Center Business District seeking a <br />special permit to waive the number of parking spaces, in whole or in part, required by <br />Section 5.1 of the Zoning Bylaw under three scenarios: <br />a. An increase of new construction of more than 35 percent of the existing <br />net floor area as defined in the Zoning Bylaws. <br />b. New construction on vacant lots. <br />c. The demolition and construction of a new building that exceeds the net <br />floor area of the previous building. <br />