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HomeMy WebLinkAbout09/23/2021 EDC Minutes MAYOR VILLAGE MANAGER Paul Wm. Hoefert Michael J. Cassady TRUSTEES VILLAGE CLERK Agostino S. Filippone Karen Agoranos Terri Gens John J. Matuszak Peggy Pissarreck Phone: 847/392-6000 Richard F. Rogers Fax: 847/392-6022 Colleen E. Saccotelli www.mountprospect.org MINUTES ECONOMIC DEVELOPMENT COMMISSION Village Hall – 50 S. Emerson Street Thursday, September 23, 2021 8:00 a.m. The meeting of the Economic Development Commission (EDC) of the Village of Mount Prospect rd was held on Thursday, September 23 in the third floor Executive Conference Room in the Village Hall, 50 South Emerson Street, Mount Prospect, Illinois. CALL TO ORDER Jim Drew called the meeting to order at 8:00 a.m. Commissioners Jim Drew, Dan Novak, David Roe and Tom Zander were present. Also present were Bill Cooney, Director of Community Development, Trustee Terry Gens, Trustee Peggy Pissarreck and resident Cathy Dunnington. APPROVAL OF MINUTES The minutes of April 8, 2021 meeting were reviewed and approved unanimously. CITIZENS TO BE HEARD No comments. OLD BUSINESS Development Update Mr. Cooney provided a brief update on various developments throughout the Village. NEW BUSINESS American Rescue Plan Act Funding Mr. Cooney stated that the Village has received approximately $7 million from the federal government to address COVID related expenses that have or will be incurred by the Village. He dispersed a spread sheet that detailed staff’s preliminary budget for these funds. Staff is proposing that approximately $700,000 of those funds be used for economic development efforts. Village of Mount Prospect | Page 2 He stated that staff’s initial recommendation would be to fund an expanded Village-wide Façade Program for $400,000, a new Green Building Grant Program for $200,000 and a new Website Improvement Program for $100,000. The commission members indicated that they were in support of the economic development programs but were concerned with how much money was proposed for social services, especially for staffing and programs that would likely continue once the federal funds were spent. They asked for more details on the $5 million that is allocated to a new Community Connections Center. Mr. Cooney stated that those details would be forthcoming at a future Committee of the Whole meeting with the Village Board. Commissioners also requested greater detail on the economic development programs, specifically on the Website Improvement Program. They questioned whether $100,000 would be sufficient to cover the costs of the program. Mr. Cooney stated that staff would bring the program details back for Commission review and recommendation once they were completed. Randhurst Village Subdivision Mr. Cooney indicated that DLC had requested deferral of the discussion on their proposed subdivision to a future date. OTHER BUSINESS There was no other business to discuss. ADJOURNMENT The meeting was adjourned at 9:15 a.m. Respectfully submitted, William J. Cooney Director of Community Development