[Added 2-16-2021 by Ord. No. 2021-01]
For those projects seeking to construct or add a third story under this Overlay District, an option to comply with parking is provided through an in-lieu fee. If the required parking for the additional square footage cannot be provided on-site, the applicant may contribute $15,000 per parking space to the Borough's Parking Fund.
a. Theaters larger than 100 seats may waive on-site parking and are exempt from the fee, provided the following conditions are met:
1. Structure shall be renovated with facade elements preserved and/or enhanced to be compatible with its original architectural features.
2. A deed restriction safeguarding preservation of the facade shall be required upon approval.