SHERIDAN — Members of Sheridan City Council unanimously approved on first reading an ordinance that would rezone two parcels of land on Illinois Street from R-2 Residential to B-1 Business at their regularly scheduled meeting Monday.
The two properties, located at 705 and 717 Illinois Street south of Coffeen Avenue, were purchased by First Federal Savings Bank in December 2011. The bank submitted a rezone request in order to use the properties for additional bank parking and, eventually, office space for support staff, Executive Vice President of First Federal Savings Bank Kevin Bailey said.
The rezone was passed by the council on the condition that the bank execute a development agreement with nearby residents before third reading on the ordinance. The need for an agreement was proposed after nearby residents expressed significant concern about the rezone at the July 8 Planning Commission meeting. Residents were primarily concerned that the bank would develop more than just a parking lot once the land was rezoned to B-1, a broad zone with many allowed uses.
Bailey and the bank’s developers have been meeting with residents to draft an agreement to ensure that development will match the look and feel of the surrounding neighborhood and mitigate concerns about traffic and lighting.
In other business, the council approved on second reading an ordinance allowing limited signage on non-residential buildings in R-3 zoning districts.
For additional details about the city council meeting, read Tuesday’s edition of The Sheridan Press.