Submitted By
Tammie Grossman, Development Customer Service Director
Reviewed By
LKS
Agenda Item Title
Title
A Resolution Approving a Parking Lot License Agreement Between the Village of Oak Park and Fenwick High School, Inc. for the Use of Lot #SB5 on the North Side of South Boulevard Between Wesley Avenue and East Avenue and Lot #SB4 on the Northside of South Boulevard Between East Avenue and Scoville and Authorizing its Execution
End
Overview
Overview
Since 2005 the Village has entered into license agreements for the use of Lot #116 at the northeast corner of Oak Park Avenue and Madison Street. Currently the Village has a license agreement with Fenwick High School for student permit parking. This agreement will expire on July 31, 2019.
Body
Staff Recommendation
Approve the Resolution.
Fiscal Impact
The annual Parking Fund budget provides for the revenues anticipated to be received from the agreement. Currently Village Code sets the rate for student permits at $240 per permit if Fenwick High School administers the permit sales program.
Background
On May 15, 2017 the Village Board approved a one year license Agreement with Fenwick High School for use of Lot #116 at the Northeast corner of Oak Park Avenue and Madison Street and lot #SB5 on the north side of South Boulevard between Wesley and East Avenues
On May 5, 2014 the Village Board approved a three year license Agreement with Fenwick High School for use of Lot #116 at the Northeast corner of Oak Park Avenue and Madison Street and lot #SB5 on the north side of South Boulevard between Wesley and East Avenues.
In January 2005, the Village acquired the 125 space parking lot at the northeast corner of Oak Park Avenue and Madison as part of the Foley-Rice Business Retention Agreement and Foley-Rice used the lot through March of 2007 for car storage during the remodeling of the dealership.
Subsequently, the Village approved use of the Lot by Fenwick High School from March of 2007 through January 200...
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