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HomeMy WebLinkAbout~Master - Remote Parking Agreement for 111 Lynn Avenue RESOLUTION NO. 15-285 RESOLUTION APPROVING REMOTE PARKING AGREEMENT FOR 111 LYNN AVENUE FOR THE CITY OF AMES,IOWA WHEREAS, Gilbane Development Company intends to construct a new building at III Lynn Avenue adjacent to the existing University Towers building on the same site; and, WHEREAS, the new building will be located west of the existing apartment building and displace existing surface and garage parking required for the University Towers apartments,and the displacement of parking would be temporary until new parking is built; and, WHEREAS, to allow removal of the existing parking and continued use of the existing apartments, Gilbane has arranged to lease required parking in the parking structure of the Legacy building at 119 Stanton Avenue for 13 months; and, WHEREAS, the existing University Towers building is a mixed-use building with some ground floor commercial and 89 apartment units, and parking is required at a rate of one space per apartment unit and no parking is required for commercial uses in the CSC zoning district; and, WHEREAS, Gilbane will also renovate the existing apartment building and increase the number of bedrooms and decrease the units during the next year to 82 units; however, to accommodate renovation activities, it has been reducing the number of leased apartments for the upcoming year; and, WHEREAS, the parking structure on the south side of the existing building will remain throughout the development process,providing at least eight spaces within the structure to meet the needs of the current tenants; and, WHEREAS, Gilbane proposes to lease 80 remote parking spaces although the minimum required is only 56 spaces to meet the City's standards; and, WHEREAS, although the terms of the lease commit the parking spaces for the use of the owners of 111 Lynn through July 2016, these terms are different from other remote parking agreements in that this use is not in perpetuity; and, WHEREAS, when the lease expires, there will be no ongoing restriction on use of the parking spaces at the Legacy.; and, WHEREAS,staffbelieves the evidence ofthe signed lease for temporary parking adequately meets the requirements of the Remote Parking standards without recording an easement that would need to be undone in one year. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that the Remote Parking Agreement to provide required parking for the apartment units to remain at 111 Lynn Avenue through July 2016 is hereby approved. ADOPTED THIS 12th day of May, 2015. CAU�')'R LXA& A. Diane R. Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Betcher Seconded by: Goodman Voting aye: Betcher, Corrieri, Gartin, Goodman,Nelson, Orazem Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 12"'day of May, 2015.