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would exchange in lieu parking fees for a public plaza provided by the developer. This <br /> agreement would be contingent on the City's review and final approval of the project. <br /> Such projects benefit the downtown by addressing the community's interest in locally- <br /> based economic development as well as preservation of the historic character and <br /> ambiance of the district. As such, staff is requesting the City Manager be authorized to <br /> pursue negotiating an agreement with the developer which would exchange in lieu <br /> parking fees for the developer providing an outdoor public plaza on site. <br /> Submitted by: Fiscal Review: Approved y: <br /> ii2A- <br /> Fameta Ott Brian Dolan Emily agner Nelson ialho <br /> 'rector of Economic Director of Community Director of Finance City Manager <br /> Development Development <br /> Attachment: <br /> 1. Conceptual rendering of project at 511 Main Street <br /> Page 3 of 3 <br />