Submitted By
Michael Quinn, Zoning Board of Appeals Chairperson through Tammie Grossman, Development Customer Services Director
Reviewed By
LKS
Agenda Item Title
Title
Concur with the Zoning Board of Appeals' Recommendations and Adopt an Ordinance Granting a Special Use Permit and a Variance from the Transit-Related Retail Overly District's Use Restrictions to Operate a Financial Institution at 1144 Lake Street
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Overview
Overview
Bank of America, by and through its agent, Nick Karris, is requesting a special use permit and an accompanying allowance request from the Transit-Related Retail Overlay District for the purpose of authorizing Bank of America to occupy the front portion of the tenant space located at 1144 Lake Street (northeast corner of Harlem Avenue and Lake Street), which would front on Lake Street. The property is located in the B-4 Downtown Business District and within the Transit-Related Retail Overlay District, wherein the B-4 District subjects financial institutions to special use approval requirements, and the Transit-Related Retail Overlay District restricts the same as not being allowed on the ground floor within 50 feet of any street line (Harlem Avenue or Lake Street).
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Recommendation
Recommendation
The Zoning Board of Appeals voted 5 to 0 with 1 abstension in favor of the application.
Body
Staff Recommendation
Staff agrees that the proposed financial institution use is not ideal at this location, a primary retail street on a prominent corner, but Staff understands that this property has been vacant since 2011 and that the space has a challenging floor layout that has not attracted a preferred user.
Fiscal Impact
Village cost of public notice
Background
The first floor tenant space at 1144 Lake Street has been vacant for several years as the property owner sought businesses to fill its vacancy. The rear portion of the first floor received Village Board approval on May 21, 2016 to be used for a medical office / c...
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