The Village of Oak Park officially changed its position on Lane Bryant Monday night from “no” to “go.”
The village board voted 6-0 at a special meeting to approve a “mutual release and settlement agreement” with the plus-sizes women’s clothing retailer and its landlord, RSC & Associates, the developer of the Eleven 20 Club, 1120 Lake St. Trustee Elizabeth Brady was absent.
In the agreement, the village agrees to approve Lane Bryant and issue permits necessary for it to begin the build-out of its first-floor space in the Eleven 20 Club, while RSC agrees to drop the its lawsuit against the village.
Each party is responsible for its own costs, including attorney fees, in the agreement.
Lane Bryant plans a fall grand opening, according to a statement read by Village President David Pope at the special meeting Monday night. The board began meeting in executive session to discuss the compromise, entered into the special meeting to approve the agreement without discussion, Pope read the statement, then the board returned to executive session to discuss another matter.
“The Village of Oak Park and RSC & Associates are pleased to announce they have resolved the contractual issues and misunderstanding … in a manner that is mutually beneficial to both parties as well as to the community at large,” the statement reads in part.