Submitted By
Tammie Grossman, Development Customer Services Director
Reviewed By
A.M. Zayyad
Agenda Item Title
Title
An Ordinance Waiving and Suspending the Right of Way Obstruction Permit Fee and Parking Obstruction Fee for the Planned Development at 7 Van Buren Street
End
Overview
Overview
Demolition and construction activities related to the 7 Van Buren Planned Development require the obstruction of Village Parking Lot 25V to allow for material staging and construction administration. The applicant, Oak Park Residence Corporation, has submitted a request to waive and suspend the Right of Way Obstruction Permit Fee and Parking Meter Obstruction Fee from August 1, 2022, to July 31, 2023.
End
Recommendation
Recommendation
Approve the Ordinance.
Fiscal Impact
The right of way obstruction permit fee would be $10 per space per day and the parking obstruction fee would be $10 per space per day. If the waiver and suspension of the fees are not granted for the period of August 1, 2022 - July 31, 2023, the total applicable fees owed by the applicant would be $66,660.00. Consistent with the mission of the Oak Park Residence Corporation, 20% of the units (9 units in total) in this development will be affordable.
Background
The 7 Van Buren Street development is comprised of a six (6) story mixed-income apartment building with 45 dwelling units and seventeen (17) on-site parking spaces located at the southwest corner of Van Buren Street and Austin Boulevard. This development will replace an existing mixed-income two-story building.
Village Parking Lot 25V, comprised of sixteen (16) 24-hour permitted parking spaces, is located immediately north of the development site, within the Van Buren Street right-of-way. On January 18, 2022, the Village Board, in conjunction with approving the special use permit for the planned development, authorized a vacation of a portion of Van Buren Street. This vacation, in turn, permanently reduced the number of parking spa...
Click here for full text