The Planning Commission, as part of the site plan review required by Chapter 1140 of the Codified Ordinances, may authorize the reservation of land for future parking (“Land Bank for Parking”) under the following conditions:
(a) The Planning Commission shall have the authoirty to reduce the number of parking spaces required by the Codified Ordinances where the applicant demonstrates that the number of parking spaces required by Chapter 1157 is substantially in excess of the parking reasonably needed to serve the employees, patrons and other persons frequenting the subject property. The Planning Commission shall determine, in its discretion, the number of parking spaces which the applicant must construct based upon such evidence. In the event the Planning Commission determines that the applicant is not presently required to construct all of the parking spaces required by Chapter 1157, the Planning Commission shall require the applicant to “Land Bank” a portion of the applicant’s property for future such parking, as provided by this section.
(b) Sufficient usable space shall be reserved upon the subject property for the future construction of the required parking spaces not presently being constructed. The reservation of said space and the purpose therefor shall be shown upon the approved site plan. Any future applications concerning said property shall show all such “Land Bank” area.
(c) As part of such approval, the applicant shall revise the property deed and re- record the deed to include a deed restriction setting forth the area to be reserved for future parking space construction and a clear statement of the purpose thereof, and binding any future owners, transferees and their assigns to said restrictions. Said deed restrictions shall include such other conditions as may be required by the Planning Commission, and the language of said deed restrictions shall be approved by the Village Solicitor. No zoning permit based upon the Site Plan shall be issued until the applicant has submitted to the Chairman of the Planning Commission a certified copy of the recorded deed with said restrictions.
(Ord. 00-125. Passed 9-21-00.)