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File #: 24-1617    Version: 1 Name: 10/21/24 - 1208 South University Development Agreement
Type: Resolution Status: Passed
File created: 10/21/2024 In control: City Council
On agenda: 10/21/2024 Final action: 10/21/2024
Enactment date: 10/21/2024 Enactment #: R-24-404
Title: Resolution to Approve 1208 South University Development Agreement (CPC Recommendation: Approval - 8 Yes, 0 No)
Attachments: 1. 2024 -10-21_1208 S UNIVERSITY DEVELOPMENT AGREEMENT COUNCIL.pdf, 2. 1208 S University Staff Report SP24-0002 2024-8-20_CPC_.pdf, 3. 1208 S University Site Plan 7-30-24_v1 (1).pdf, 4. City_Planning_Commission_24-08-20_Formal_Minutes.pdf, 5. 1208 S University- Development Agreement v1.pdf, 6. REVISED 2024 -10-09_1208 S University Development Agreement COUNCIL.pdf
Related files: 24-1476
Title
Resolution to Approve 1208 South University Development Agreement (CPC Recommendation: Approval - 8 Yes, 0 No)
Memorandum
This resolution will approve a Development Agreement between the City of Ann Arbor and LMP Galleria Property Owner, the developer of a site planned project to construct a 324,590 square foot (sf) seventeen story mixed-use building containing 186 residential units and 4,600 sf of commercial space.

The 324,590 square foot residential building includes a range of unit size from micro/studio to six bedrooms. The proposal includes 77 vehicular parking spaces, of which 8 are Electric Vehicle charger installed and 69 are EV-capable for future conversion. Parking will be provided on the ground level (26 spaces) as well as the second story (51 spaces) of the building. The plan also allocates 125 Class A bicycle spaces, and 4 Class C in the South University ROW. A dedicated bicycle storage room is provided on the first floor. There are no natural features on the site.

A development agreement requires approval by City Council. The Development Agreement specifies requirements associated with the approved 1208 South University Site Plan, including a voluntary parks contribution of $124,375. The City Planning Commission, at its meeting of August 20, 2024, approved the associated Site Plan and recommended approval of this request.

Attachments: August 20, 2024 Planning Staff Report
August 20, 2024 Planning Commission Minutes
Development Agreement
Staff
Prepared By: Matt Kowalski, Principal Planner
Reviewed By: Brett Lenart, Planning Manager
Derek Delacourt, Community Services Area Administrator
Approved By: Milton Dohoney Jr., City Administrator
Body
Whereas, The 1208 South University Site Plan was approved by City Planning Commission on August 20, 2024 in order to develop a 324,590 SF seventeen story mixed-use building containing 186 residential units and 4,600 square feet of commercial space; and

Whereas, A development agreement has...

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