Submitted By
Ahmad M. Zayyad, Deputy Village Manager / Interim Director of Development Customer Services
Reviewed By
LKS
Agenda Item Title
Title
An Ordinance Waiving and Suspending the Right of Way Obstruction Permit Fee and Parking Obstruction Fee for the Planned Development Located at 839 Madison Street
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Overview
Overview
The approved construction logistics plan for the 839 Madison development specifies the obstruction of a total of eight (8) public parking spaces within the adjacent right of way on Madison Street and Carpenter Avenue. The developer submitted a request for a waiver of the applicable right of way obstruction permit fee and parking obstruction fee for these spaces for the period of August 14, 2023 through January 14, 2024.
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Recommendation
Recommendation
Adopt the Ordinance.
Background
Oak Park Commons Cohousing, LLC was granted approval for a planned development to construct a five-story mixed use building with twenty-four (24) residential dwelling units, 920 square feet of commercial space and parking at the property located at 839 Madison Street. The proposed construction logistics plan for the building permit specifies the obstruction of eight (8) public on-street parking spaces within the right of way on Madison Street and Carpenter Avenue. This request is made to allow for building construction and staging in the areas within the boundaries of the construction fence, to ensure that vehicular traffic can continue on Carpenter Street, and to ensure that vehicular, bicycle, and pedestrian traffic can continue on Madison Street.
Fiscal Impact
The applicable right of way obstruction permit fee and parking obstruction fee, typically payable to the Parking Fund, for the eight (8) on-street public parking spaces for the period of August 14, 2023 through January 14, 2024, is approximately $26,855.00. If the Village Board adopts the Ordinance granting the waiver and suspension of the fees, approximately $26,855 in revenue will no...
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