Title/Name/Summary
Tree Mitigation Account - Oak Street Parkway Trees
History
In 2008, the Village Board approved revisions to the Tree Preservation Section of the Land Development Code to provide for a Tree Mitigation Account. This account provides a 'cash in lieu' option for landowners and developers who are unable to meet the Villages tree mitigation requirements on their property. Cash in lieu is only available as an option for mitigation with the approval of the Development Services Department.
The Tree Mitigation Account funds are to be used per the guidelines noted on the attached memo. The Public Works Department recently submitted the attached request to provide for parkway trees on Oak Street in the Fairway Subdivision. Due to utility construction projects, the Village had to remove a number of parkway trees along Oak Street over the past several years. Details of the project request are outlined in the attached document.
Per the attached policy, all Tree Mitigation Projects must be approved by the Village Board.
Financial Impact
The tree mitigation account currently has $100,022.50 and $9,600 of that is reserved for landscaping for properties affected by the TEPPCO pipeline removal. The proposed project will cost no more than $1,280.
Recommended Action/Motion
I move to approve the Tree Mitigation Account project for eight parkway trees on Oak Street for an amount not to exceed $1,280.