Title
Resolution to Approve 2900 South Main Development Agreement, 2900 South Main (CPC Recommendation: Approval - 8 Yes, 0 No)
Memorandum
This resolution will approve a Development Agreement between the City of Ann Arbor and South Main Street Holdings, LLC, the developer of a site planned project to construct a 36,872 SF four story residential building containing 45 units.
The 36,872 square foot residential building with 45 units will contain: 30 one bedroom, 12 two bedroom and 3 studios. The proposal includes 45 vehicular parking spaces, of which 5 are Electric Vehicle (EV)-installed and 40 are EV-capable. Majority of the parking (29-spaces) will be provided at ground level underneath the building. The plan also allocates 48 Class A bicycle spaces, and 6 Class C. A dedicated bicycle storage room is provided on the first floor. A new 10-foot-wide public sidewalk will be installed along South Main; no sidewalk currently exists. The zoning designation is O (Office District). A total of 21 landmark trees will be removed for construction. Per City Code, at least 50% of the required mitigation trees shall be planted on the site. The petitioner is planting approximately 273 inches (52.6%) on site. The petitioner is permitted to contribute the remaining value of trees required ($60,024) to the Street Tree Recovery Fund to be used by the City for planting trees on public land.
A development agreement requires approval by City Council. The Development Agreement specifies requirements associated with the approved 2900 South Main Site Plan, including a voluntary parks contribution of $26,250.00 and $60,024.00 Street Tree Recovery Fund payment. The City Planning Commission, at its meeting of July 16, 2024, approved the associated Site Plan and recommended approval of this request.
Attachments: July 16, 2024 Planning Staff Report
July 16, 2024 Planning Commission Minutes
Draft Development Agreement
Staff
Prepared By: Matt Kowalski, Principal Planner
Reviewed By:...
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