HomeMy WebLinkAbout08/25/1977 FC Committe Reporttli an en- n n gA n r n r, p In n fn,
100!-3. Emerson N/Iount Prospect, Illinois 60056
COMMITTEE REPORT' Phone 312/392
TO: Mayor & Board of Trustees
FROM: Trustee Leo Floros, Chairman, Finance Committee
SUBJECT: Finance Committee Meeting 8-25-77
DATE: August 29, 1977
Present: Chairman Floros; Trustees Richardson & Murauskis
Also present: Finance Director Richard Jesse and
Assistant Village Manager Ed Geick®
Downtown Beautification:
Ray Friend, member of the Business District Development & Redevelop-
ment Commission, appeared before the Committee to ask for support of
the Commission's plans to initiate beautification efforts in the
downtown area® The Commission hopes to launch a modest plan for
beautification on the northside of the railroad tracks from about
Central Road east to Elm Street. At this point in time, the Com-
mission has no specific requests for funds; however, it wanted the
Finance Committee to know that requests for funds would be forthcoming
later. The three members of the Finance Committee indicated support
of the Commission on plans to begin downtown beautification, and
asks that the administration, through Mr® Geick, maintain close
liaison with the Commission in its beautification plans®
4 A.M. Liquor License:
The Committee reviewed a proposed ordinance drafted by Village Attorney
John Zimmermann, an ordinance amending Chapter 13 of the Municipal
Code® The proposed change would amend the Class L liquor license
regulations to permit establishments offering live music or disco-
theque as entertainment to remain open until 4 A.M. The change was
requested on behalf of Don®s Fish Market, a gourmet seafood restaurant
which is to be built just east of Route 83 and north of the National
Savings & Loan Association building. The restaurant plans to operate
as a discotheque after 9 P.M. each evening. The Committee voted
3-0 to adopt the proposed amendment, a copy of which is attached
to this report®
1-977 Tax Levv:
The Finance Director presented 4 different tax levy proposals for
the Committee's consideration® Each exhibit showed the current levy
as estimated by the Committee and the proposed levy by dollaramountand estimated rate® Copies of the Finance Director's memo and
exhibits were sent to each Board member. The Finance Committee zeroed
in on Exhibit B which called for a tax levy of $4,568,442. and a tax
rate of 1.7403 vs® the 1976 tax rate of 1,5203® The Committee pared
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