Ann Arbor logo
File #: 22-1562    Version: 1 Name: 10/03/22 - State Street Lofts DA Amendment
Type: Resolution Status: Passed
File created: 10/3/2022 In control: City Council
On agenda: 10/3/2022 Final action: 10/3/2022
Enactment date: 10/3/2022 Enactment #: R-22-323
Title: Resolution to Approve Third Amendment to State Street Lofts Development Agreement to Remove Parking Requirements and Terminate Parking Agreement
Attachments: 1. State Street Lofts Third Amendment 9.20.22.pdf, 2. State Street Lofts Parking Agreement Termination.pdf, 3. Corner House-State St Lofts - Parking, Development Agreement, 1st and 2nd Amendments.pdf

Title

Resolution to Approve Third Amendment to State Street Lofts Development Agreement to Remove Parking Requirements and Terminate Parking Agreement

Memorandum

This development was realized under the obligations of a Development Agreement which specified a minimum number of parking spaces to be provided.  This minimum number of parking spaces was satisfied through an agreement with the City that obligated a specific number of parking spaces, through an arrangement that differs from the typical arrangement required by the City, via the Downtown Development Authority as operator.

 

This Third Amendment would eliminate any required parking component to this development. A separate agreement will terminate the corresponding parking agreement.  This would enable both the owner and Downtown Development Authority to consider any future parking arrangements in the same manner prescribed system-wide, rather than previously specified/negotiated by Development Agreement.

 

Planning, Transportation, and the Downtown Development Authority staff have all reviewed this proposal and support the proposed amendment.

Staff

Prepared By:                     Brett Lenart, Planning Manager

Reviewed By:                     Derek Delacourt, Community Services Area Administrator

Approved By:                     Milton Dohoney Jr., City Administrator

Body

Whereas, The Petitioner, H & K State Street LLC, has requested modifications to the State Street Lofts Development Agreement, as amended; and

 

Whereas, H & K State Street LLC has requested that P-8 of the Development Agreement, as amended, be deleted to eliminate parking requirements and that the State Street Lofts Parking Agreement be terminated;

 

RESOLVED, That City Council approve the Third Amendment to the State Street Lofts Development Agreement;

 

RESOLVED, That City Council approve the Termination of the State Street Lofts Parking Agreement;

 

RESOLVED, The Mayor and City Clerk be authorized and directed to the Third Amendment to the State Street Lofts Development Agreement and the Termination of the State Street Lofts Parking Agreement, after approval as to substance by the City Administrator and approval as to form by the City Attorney; and

 

RESOLVED, That the City Administrator be authorized to take all necessary administrative actions to implement this resolution.