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HomeMy WebLinkAbout06/06/2002 EDC minutes MINUTES ECONOMIC DEVELOPMENT COMMISSION 2nd Floor Conference Room, Village Hall Thursday, June 6, 2002 8:00 a.m. The meeting of the Economic Development Commission (EDC) of the Village of Mount Prospect was held on Thursday, June 6, 2002 in the second floor conference room of Village Hall, 100 South Emerson Street, Mount Prospect, Illinois. CALL TO ORDER Chairman Norm Kurtz called the meeting to order at 8:00 a.m. Commissioners John Amdt, Brace Gillilan, David Lindgren, Ben Trapani and Tom Zander were present. Commissioner Pat Biedar was absent. Also present were Mayor Farley and Bill Cooney, Director of Community Development. APPROVAL OF MINUTES The minutes of the May 2, 2002 meeting were reviewed and approved unanimously. OLD BUSINESS Status Update Mr. Cooney said he would provide a brief overview of the primary development projects in town to reserve the majority of the meeting time for the Commission to discuss the next steps in downtown redevelopment. Mr. Cooney indicated that the Costco development was on hold while the bankruptcy court reviewed the release of the Montgomery Ward lease for the site. He stated that the initial November 11 grand opening day was likely going to be pushed into Spring, 2003. He stated he is also working with Applebee's Restaurant to relocate their facility to an outlot location along Rte. 83. Mr. Cooney then informed the Commission that the Mount Prospect Plaza improvements continue to move forward and it is hoped that Dominick's will begin a renovation of their facility by the end of the year. Mr. Cooney also provided an update on the prospective tenants for the Lofts development in the Downtown and various other projects throughout town. NEW BUSINESS Discussion Re~arding Next Steps for Downtown Redevelopment Chairman Kurtz opened the discussion regarding what potential next steps could occur for downtown redevelopment. Chairman Kurtz indicated that he thought there were several areas that the Village could focus on as we proceed through the redevelopment process. He stated that he felt that there were four specific areas that the Village could pursue. The first would be the extension of the boundaries of the Tax Increment Financing District to include the Central Plaza Shopping Center at the comer of Rte. 83 and Central. He indicated that he also felt the Village could pursue rezoning additional properties surrounding the downtown area to the B-5 designation to encourage further redevelopment of the downtown area. He felt that the northeast comer of Northwest Highway and Emerson, which includes the Van Driel's property, could be targeted for redevelopment effort and he felt that the Village needs to further pursue the redevelopment of the small triangle area of the northwest comer of Rte. 83 and Northwest Highway. Their was significant discussion regarding many of these items and it was agreed that it would be beneficial to prioritize these types of issues so that the Village could focus on one item at a time. The Commission also discussed what the appropriate process would be to prioritize these steps. Chairman Kurtz suggested that it might be appropriate for the Strategic Ad Hoc Committee to reconvene to assess the success of the current efforts and to make further recommendations on the next steps for the downtown conomic Development Commission June 6, 2002 Minutes Page 2 redevelopment. There was general concurrence among the Commissioners that this would be an appropriate step and the Ad Hoc Committee would be the ideal group to review those items. It was suggested that Chairman Kurtz draft a letter to the Village Board summarizing the discussion that the Commission had and recommending that the Ad Hoc Committee be reconvened to discuss these issues. Chairman Kurtz indicated he would draft a letter and e-mail it to all Commissioners for their review and comment. CHAIRMAN'S REPORT Mr. Kurtz had no comments. ADJOURNMENT The Commissioners agreed the next meeting would be held August 8th at 8:00 a.m. in the Village Hall. The meeting was adjourned at 9:15 a.m. Respectfully submitted, William J. Cooney, Jr., AICP Director of Community Development WJC:bhs