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RICE STREET DEVELOPMENT // Parking Study Alliant No. 223-0050 PAGE 6 In Error! Not a valid bookmark self-reference., each of the seven comparable apartments are included once again. However, this time they are ordered by the calculated rate of occupied spaces to occupied apartment units. This provides a better understanding of how the available spaces (supply) are utilized by the tenants (demand). The proposed Rice Street development, with its calculated 1.48 spaces per unit, would be higher than most comparable apartments except for two. Across all seven comparable apartments the highest utilization was 88 percent, with all other apartments utilizing less than 80 percent of available spaces and many utilizing less than 70 percent. Table 3. Despite most apartments having a much higher supply (blue) than the proposed Rice Street development their corresponding demands (green) are much lower. Cedars Lakeside is the one outlier that results in demand being a lot closer to the supply. Table 4. Parking Generation Estimate – Occupied Spaces per Occupied Unit 4. Site Plan Review A brief review of the proposed site plan was completed to identify any issues regarding parking for the proposed development. All appropriate areas are utilized to provide as much parking as feasible given the site constraints. Additional parking would have significant impacts to pedestrian/bicycle facilities, landscaping, and drive lanes. An additional 24 stalls assigned to Flameburger, which operates from 6:00am to 2:00am daily, are within the larger apartment parking lot and will be signed for Flameburger use only. These stalls were excluded from any comparisons and/or calculation of proposed parking supply rates. A lot share agreement could be considered if additional parking is needed for the apartment and/or Flameburger does not utilize all of their parking, however, this is not currently being considered and would ultimately require City approval.