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HomeMy WebLinkAboutMemo - Mail Packet - 07/08/2025 - Memorandum from Josh Birks re June 5, 2025 – Work Session Summary: Remington/Oak Parking Lot Update 1 Work Session Memorandum Date: June 13, 2025 To: Mayor and City Councilmembers Through: Kelly DiMartino, City Manager; Tyler Marr, Deputy City Manager Jacob Castillo, Chief Sustainability Officer From: Josh Birks, Deputy Director, Sustainability Services (jbirks@fcgov.com) Subject: June 5, 2025 - Work Session Summary: Remington/Oak Parking Lot Update This memorandum summarizes the Council’s discussion of the work session item Remington/Oak Parking Lot Update. Bottom Line The discussion recognized the value of pausing to receive additional information from the Downtown Parking Optimization Study (“Parking Study”). Council requested follow-up on this subject in October. At this time, no changes will be made to the existing Memorandum of Understanding (“MOU”) between the City of Fort Collins (“City”) and Housing Catalyst (“HC”). Council expressed a desire to advance the project on a timeline consistent with allowing HC to apply for Low Income Housing Tax Credits in September 2026. Discussion Summary Staff presented an overview of the discussions with HC since 2022. In addition, staff provided their rationale for pausing the project until after the Parking Study. HC staff addressed several questions regarding the project and their perspective on the discussions. Key Highlights:  The Remington/Oak Parking Lot (“Property”) currently offers 163 public parking spaces: seventy-five (75) permitted spaces (restricted between 8:00 am and 6:00 pm), eighty- one (81) two-hour parking spaces, and seven (7) handicap spaces. The site has one hundred twenty-six (126) current permit holders. Docusign Envelope ID: C931C807-14B5-4324-B284-B82C9A2ECFF2 2  The City operates 2,615 parking spaces (945 on street and 1,670 off street) in the downtown core: an area generally bounded by Jefferson Street, Mathews Street, Olive Street, and Mason Street.  The Property is well suited for affordable housing development: it is in the urban core, near transit services, within a Qualified Census Track, and includes an offer to contribute the land.  HC’s current plan focuses on the northern half of the Property and includes approximately seventy-five (75) deed restricted affordable housing units and required parking.  Developing the northern half of the Property would displace approximately 80 parking spaces.  The Parking Study and implementation plan will include a scenario evaluating the impact of redeveloping the Property.  The output of the study should be used to influence continued discussions regarding redevelopment of the Property assuming that housing will be a component.  Staff will ensure that public engagement occurs as part of advancing the discussions regarding redevelopment of the Property. Next Steps Follow-up on this subject will occur in October 2025 – either by memo or work session depending on how things have advanced in the intervening months. Follow-up Items The following items will be provided under separate communication:  Maps including the number of parking spaces: (a) that totals the 9,000 number shared by a resident; and (b) the City’s numbers.  Description of the process that accounts for private demand and private spaces in our downtown parking needs analysis.  Growth rate of the community over the past several years. CC: Drew Brooks, Deputy Director, Planning, Development, and Transportation Eric Keselburg, Sr. Manager, Parking Services Docusign Envelope ID: C931C807-14B5-4324-B284-B82C9A2ECFF2 3 Sylvia Tatman-Burruss, Sr. Project Manager, City Manager’s Office Susan Beck-Ferkiss, Lead Specialist, Social Sustainability Docusign Envelope ID: C931C807-14B5-4324-B284-B82C9A2ECFF2