Title
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A Resolution Approving an Intergovernmental Agreement Between the Village of Oak Park and the Oak Park Township for Employee Parking at the Avenue Parking Garage and Authorizing Its Execution
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Introduction
overview
The purpose of this item is to approve an Intergovernmental Agreement allowing Oak Park Township employees to park in the Avenue Parking Garage.
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Recommended Action
Adopt the Resolution.
Prior Board Action
There is no prior Board action associated with this item.
Background
The Village of Oak Park and Oak Park Township have coordinated to provide up to twenty-five (25) parking spaces for Township employees in the Avenue Parking Garage, reducing demand on surrounding streets and improving overall parking availability for Township patrons and the surrounding business and residential areas.
Timing Considerations
There are no specific timing considerations associated with this item.
Financial Impact
The proposed agreement generates quarterly revenue for the Village through the sale of parking permits for Township employees, estimated at $2,399.50 per quarter in 2026 and $2,519.50 per quarter in 2027. Revenue generated through this agreement will be recognized within the Parking Enterprise Fund.
Operations Impact
There is no operating impact associated with this item. The item aligns with the department's core service delivery.
DEI Impact
There is no DEI impact associated with this item.
Community Input
There has been no community input given in relation to this item.
Staff Recommendation
Staff recommends approval of the Agreement.
Advantages:
* This action improves parking availability for Township patrons and surrounding users.
* This action utilizes existing garage capacity efficiently.
Disadvantages:
* This action utilizes garage capacity for Township employee parking during working hours.
Alternatives
Alternative 1:
The Board can elect not to approve the Agreement.
Advantages:
* This action maintains f...
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