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Session 1806 March 19, 2001 Urban Outfitters, approve, but Craft Alliance and Commerce have not approved the plan in writing, as of yet. They generally approve, but all of the legal details still need to be worked out. Responding to Mr. Lieberman, Mr. Ollendorff stated that several assurances for performance quality and completion will be obtained. One agreement spells out the contribution by the developer in the exact amount of dollars and under what conditions they would be paid in. Part of the parking would be constructed by the applicant to the rear of his new building. Part would be constructed by the City using the funds paid in by the developer. So we do have a draft agreement whereby the developer will pay his fair share of the costs and the Council will see this agreement at the next meeting. Responding further to Mr. Lieberman, Mr. Ollendorff said that the fifth condition of the site plan that the applicant must submit for our approval a plan to deal with construction traffic and parking. After it is approved, the plan must be implemented. Sol Barkett, 1914 N. Orchard, Chicago, Illinois is the owner of the building. He stated that he had been working for quite sometime with Mr. Ollendorff in regards to the conditions and they are very much aware of them and agree with them. The City has been very cooperative in trying to accommodate their needs, as well as Craft Alliance and Commerce Bank. He believes that the solution that has been developed is a very fair compromise which will accommodate everyone's needs. Rich Obertino, TRI Amhitects, is the amhitect for the project. In response to Mr. Munkel's question, he stated that the setback is approximately 10 - 12 feet off of the curb. Harvard Muhm, is a Craft Alliance Boardmember. Craft Alliance wish to raise their concerns for parking primarily. Everyone realizes that there are significant parking problems in the Loop. Craft Alliance is looking to expand their present location. Expansion limited because they are totally surrounded by Commerce Bank's property. The other problem is the preservation of their rights to existing parking. He has only seen one parking plan, not the three that Mr. Ollendorff referred to. Craft Alliance does generally approve Mr. Ollendorff's plan with several caveats. One being they would like to expand, but have no right to expand. Second, they do not have adequate parking in this area for any expansion. They like the idea of Urban Outfitters being in the Loop, but they don't understand where the extra parking spaces are coming from to allow this expansion according to the Zoning Code. He also thought that the normal course of business was for this to go in front of the Plan Commission prior to the City Council. Craft Alliance wishes to protect their rights under the parking agreement, namely 18 spaces during the day and all of the spaces at any time the bank is not operating. If Urban Outfitters would move in next door, it seems unlikely that their customer would 5