Variances / Relief Granted:

  • Site Size: .65 acres
  • Parking required: 97
  • Parking Provided: 59 – 38 spaces short
  • Units Allowed: 26
  • Units Received: 39 – 13 additional units

Village Exchange Land

The Village gave up 1 row of parking in the railroad lot to allow the builder to create a Village Park on the corner. That is public land, NOT the developer’s. This allowed the builder additional land to construct a larger project. That’s why he is paying $65,000 over 10 years. 

The numbers below reflect ONLY the EXTRA revenue for additional units granted.

8 – 1 bedroom @ $2,900 = $278,400 per year
5 – 2 bedroom @ $3,300 = $198,00 per year
Total = $476,400

Revenue to Builder over 10 years = $4,764,000

Revenue to Village = $15,586.00 per year
Revenue to village over 10 Years = $155,860.00

For the land exchange agreement
Revenue to Village: $6,500 per year
Revenue to village over 10 Years = $65,000
$5,000 per year in perpetuity

Total over 10 years = $220,860.00

To view the Board’s vote and decisions on this application, please download PDF below.

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