The scenario will be displayed with each question for reference. Please use the scenario information when answering.
Central Office Park is a 153,000 ft2 (14 214 m2) existing commercial office building situated in a suburban business district.
During a recent operational audit, the management team confirmed that the building has 300 regular occupants. The building sees a daily average of 40 visitors and is located in an area with a Walk Score of 66.
To better understand occupant behavior, the team conducted a transportation survey during the current reporting period. The results revealed that 26% of the regular occupants commute using active and shared modes of transportation.
The property includes a surface parking lot with 100 total parking spaces. Historically, the owner has bundled parking passes with tenant leases at no additional cost. To pursue LTc2: Transportation Demand Management, they are planning to unbundle parking from all leases. Research confirms the local market rate for similar parking is $150 per month. To mitigate possible tenant dissatisfaction during the transition, the owner has proposed a policy of charging a discounted flat fee of $100 per month for each parking space.
Just outside the property line, a contiguous bicycle network is located 1,000 ft. (305 m) from the building ' s main entrance.
As part of a capital improvement plan to address decarbonization, the owner has allocated budget to install electric vehicle supply equipment (EVSE). They have selected Level 2, ENERGY STAR-certified chargers.
The owner has specified that the units be installed as standalone devices without a network connection to the utility provider or internet.
During a stakeholder meeting to discuss the new parking strategy, a tenant representative expresses concern about rising costs. To address this, the property manager presents the owner ' s discounted fee proposal as a compromise. Does this compromise meet the requirements for LTc2: Transportation Demand Management, Option 1. Unbundled Parking?
- A. No, because the fee must be implemented on a daily or weekly basis rather than monthly
- B. Yes, because the policy unbundles parking from the tenant leases for all spaces
- C. Yes, because the policy includes a commitment to maintain the fee structure for a minimum of three years
- D. No, because the parking fee must be equal to or greater than the local market rate
Reveal Solution
Discussion
Correct Answer: D 🗳️
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