This week, the village trustees will hear recommendations from its appointed parking committee on how best to make changes to the Parking Trust Fund law that are not a deterrent to economic development in the village. It’s fair to say the previous $7,500 parking waiver fee for businesses was such a deterrent.
The synopsis of the changes to be recommended by the committee were recently released, as we report in this issue, and we are happy to see the results appear both logical and fair: no fee to businesses for a lack of required parking spaces and a scaling back on the requirement for off-street parking spaces.
Basically, it breaks down to the fact that any new business in the village that requires overnight parking cannot build or open unless they have the required parking (the number of which has been lessened), or can lease the required parking from someplace nearby. Daytime businesses would no longer have a parking space requirement or a fee to pay for lack of parking.
We have been impressed by the work of the parking committee on this issue. They have been judicious and diligent in considering all aspects and all points of view in their work; they have held open discussions and meetings in order to see the issue from all angles; and they have been careful not to rush to judgment simply to get this contentious issue out of the way.
We look forward to hearing the recommendations in more detail at the village board meeting on Oct. 13, and we encourage all residents with an interest in this issue to attend and hear the full committee report.