Variances / Relief Granted 2014:

  • 32 parking required
  • 1 loading space
  • Extra apartments – requested = 6

Builder Received

  • 17 parking granted – short 15 spaces
  • No loading space

Builder came back in 2018 and got approval changed to keep 6 apartments on Main Street. Those additional rents are not calculated in my 10 year Proforma.

 

Variances / Relief Granted 2018:

  • 6 additional apartments – originally turned down
  • No additional Parking

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

6 units @ $2,300 = $165,600 per year
10 years @ same rent = $1,656,000

Builder paid 1 time fee of $5,000 for relief of parking
If the board followed the code, it can waive up to 90%. Even so the minimum payment should have been $7,500

Village Received
$1,000 per month for 10 years = $10,000 total

1 time parking relief payment = $5,000

Village Revenue over 10 years = $100,000

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

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