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TO: Mayor Thomas J. Weisner
FROM: Tracey M. Vacek, Planner
DATE: July 14, 2014
SUBJECT:
An Ordinance Authorizing the execution of an IDOT Agreement to restrict access from Lake Street to city owned property located at 16-18 N. Lake Street between the City of Aurora and PLS Investment Property of Illinois, LLC. (City of Aurora and PLS Investment Property of Illinois, LLC - 14-00557/ AU22/1-14.219-AG - TV - Ward 6)
PURPOSE:
The purpose of this Ordinance is to authorize the execution of an IDOT Agreement to restrict access from Lake Street to the city owned property located at 16-18 N. Lake Street.
BACKGROUND:
PLS Investment Property of Illinois, LLC received Final Plan and Plat approval in September of 2013 to construct a retail strip center on the property located at 20-22, 28 and 30 N. Lake Street and 212 and 214 W. New York Street. As part of the Final Plan and Plat, the access along Lake Street shifted to the south property line which abuts the city owned property located at 16-18 N. Lake Street. PLS Investment Property of Illinois, LLC is required to obtain a permit from the Illinois Department of Transportation (IDOT) to construct the access along Lake Street. As part of IDOT's approval, they are requiring an IDOT agreement between PLS Investment Property of Illinois, LLC and the City of Aurora to restrict access from Lake Street to the city owned property located at 16-18 N. Lake Street.
DISCUSSION:
As part of the approved Final Plat for the property located at 20-22, 28 and 30 N. Lake Street and 212 and 214 W. New York Street, an Ingress and Egress Easement is being granted to 16-18 N. Lake Street. This Ingress and Egress Easement will allow the city property to utilize the access on PLS's property.
IMPACT STATEMENT:
The Planning and Zoning Division anticipates that this Agreement would not have any negative impact since an Ingress and Egress Easement is being granted to16-18 N. Lake Street with the Final Plat.
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