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The PILOP does not apply to projects that are solely internal reconfigurations or that <br />apply for a change of use within an existing building. <br />IV. MITIGATION RATE & CALCULATION <br />The PILOP mitigation rate is $10,000 per parking space applied to the calculation using <br />the parking factor in this policy; fractional spaces will be prorated. The per space rate will <br />be adjusted each March 1St, beginning in 2018, by the Consumer Price Index (CPI -U) for <br />the Boston -Brockton -Nashua area for the previous calendar year. <br />The Assistant Town Manager of Land Use, Health, and Development will submit to the <br />SPGA the recommended mitigation payment based on the following calculation: <br />a. New Net Floor Area. Determine the total square footage of new net floor <br />area. From the total net floor area of the proposed project subtract any <br />previous or existing net floor area', if applicable. <br />b. Parking Factor. Apply a parking factor of 1 space per 325 square feet to <br />the new net floor area regardless of the proposed use. <br />c. On-site Parking. Reduce the number determined section "b" above by the <br />number of any new on-site parking spaces associated with the project. <br />d. Other Parking. If a property owner owns or leases off-site parking spaces <br />within a quarter mile radius of the project site they may be eligible to <br />further reduce the number determined in section `b.". The property owner <br />must demonstrate proof of the lease agreements, including duration, upon <br />request by the Town. <br />The above PILOP calculation is strictly to determine the mitigation payment and is <br />independent from the parking requirement number based on the Parking Table and use <br />for the proposed project and therefore may vary from the number of parking spaces <br />waived by the SPGA. <br />V. CONSIDERATION FOR PARKING & TRANSPORTATION DEMAND <br />MANAGEMENT <br />The Assistant Town Manager of Land Use, Health, and Development, in making a <br />recommendation to the SPGA, may consider the implementation of on-site parking and <br />transportation demand management (PTDM) in the reduction of the total PILOP <br />mitigation payment. The PTDM strategies should be in compliance with the Lexington <br />Center Parking and Implementation Plan, which include but are not limited to: <br />designated spaces for car share, bike share, carpool or vanpool spaces, bike parking, as <br />well as accommodations for bike users such as lockers and shower facilities. <br />I ' Net Floor .Area is defined on page 98 in the Lexington Zoning Bylaws <br />2 <br />