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Regular Village Board meetings are typically held at 7:00 p.m., the first three Tuesdays of each month in Council Chambers of Village Hall (room 201), 123 Madison St. When a Regular Meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions from time to time. However, dates and times of Special Meetings can vary and may change.

File #: RES 18-804    Name:
Type: Resolution Status: Passed
In control: President and Board of Trustees
On agenda: 2/20/2018 Final action: 2/20/2018
Title: A Resolution Approving a Parking Agreement Between OP Office Partners, LLC and the Village of Oak Park and Authorizing Its Execution
Attachments: 1. Resolution, 2. Parking Agreement

Submitted By                     

Tammie Grossman, Director Development Customer Services

 

Reviewed By

LKS

 

Agenda Item Title

Title

A Resolution Approving a Parking Agreement Between OP Office Partners, LLC and the Village of Oak Park and Authorizing Its Execution

 

End

Overview

Overview

OP Office owns the property located at 1010 Lake Street. OP Office has sold the parking lot portion of 1010 Lake Street containing  thirty-seven (37) parking spaces (hereinafter referred to as “Parking Lot”) to Albion at Oak Park, LLC for the development of a new mixed used building and parking garage. This agreement allows OP Office to purchase thirty-seven (37) parking permits at Holley Court during the demolition and construction at 1000 Lake Street.

 

Body

Staff Recommendation

Approve the Resolution.

 

Fiscal Impact

The Village will collect the fees for the parking permits.

 

Background

On October 2, 2017, Albion Residential/Albion at Oak Park, LLC. was approved to develop a transit-oriented Planned Development in conformance with the Envision Oak Park Comprehensive Plan for an eighteen-story building with 265 residential rental dwelling units, 9,500 square feet of first floor commercial/retail space, 265 private bicycle parking stalls, and 235 private enclosed parking spaces. The applicant was awarded four allowances from the Zoning Ordinance; height, density, setbacks, and landscaping.

 

Albion at Oak Park, LLC. will be demolishing the existing structure at 1000 Lake Street and the parking lot which contains thirty-seven (37) parking spaces will not be available to the tenants of 1010 Lake Street during the demolition and construction.

 

Alternatives

Staff believes that Holley Court can absorb the thirty-seven (37) spaces and we do not recommend selling permits in any other location.

 

Previous Board Action

On October 2, 2017, the Village Board approved the Planned Development Ordinance.

 

On December 11, 2018, the Village Board approved an Ordinance Amending Ordinance Number 17-270 for the limited purpose of updating the name of the limited liability corporation to Albion at Oak Park, LLC.

 

Citizen Advisory Commission Action

NA

 

Anticipated Future Actions/Commitments

NA

 

Intergovernmental Cooperation Opportunities

NA

 

Performance Management (MAP) Alignment

A Governance Priority for the Development Customer Services Department is economic development.