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HomeMy WebLinkAbout7. EDC Minutes 10/18/2012MINUTES ECONOMIC DEVELOPMENT COMMISSION Executive Conference Room, Village Hall Thursday, October 18, 2012 8:00 a.m. VILLAGE MANAGER Michael E. Janonis VILLAGE CLERK M. Lisa Angell Phone: 847'818 -328 Fax: 847;818 -329 TDD: 847'392 -6064 iriria. moz �n tprospect. org The meeting of the Economic Development Commission (EDC) of the Village of Mount Prospect was held on Thursday, October 18, 2012 in the third floor Executive Conference Room in the Village Hall, 50 South Emerson Street, Mount Prospect, Illinois. CALL TO ORDER Vice Chairman Skip Robertson called the meeting to order at 8:00 a.m. Commissioners Jim Conroy, John Healy, Norm Kurtz, Tom Lowe, and Dan Novak were present. Also present were Mayor Irvana Wilks; Bill Cooney, Director of Community Development; Brian Simmons, Deputy Director of Community Development; Nellie Beckner, Long Range Planner; and Maura El Metennani, Public Information Officer. APPROVAL OF MINUTES The minutes of the June 21, 2012 meeting were reviewed and approved unanimously. CITIZENS TO BE HEARD There were no citizens present. OLD BUSINESS Mr. Cooney provided a brief update on various development projects throughout the Village. He asked Mr. Conroy to provide an overview of the leasing efforts at Randhurst Village. Mr. Cooney stated that Staff followed up on many of the items discussed at the previous meeting regarding the Kensington Business Center. The primary issue that Staff reviewed was a comparison of property taxes in the Kensington Park versus other similar parks in Cook County. He stated Staff compared tax rates with industrial properties in Northbrook, Schaumburg, and Wheeling to determine if there was an obvious discrepancy between those. He stated our rates were very similar to the Schaumburg and Wheeling rates. He stated the Northbrook rate was nearly fifty (50) percent less and after reviewing further, it was found that the primary reason for that was due to the overall Equalized Assessed Value (EAV). He stated other than the Northbrook comparison; the tax rates were similar to the other communities. NEW BUSINESS Mr. Cooney indicated that the Village completed two (2) annexations on the south end of town. The Village annexed approximately fifteen (15) acres of the western portion of the United Airlines' campus Page 1 of 2 10/18/12 EDC minutes P4I @uX7C I�[C?S17GCl nL1VOR h F. Wilks TRUSTEES P `e m.e A r le ne A. Jurac Juracek rle Village of Mount Prospect A. John Dorn John J. Matuszak Community Development Department Steven S. Polit Michael A. zaael 50 South Emerson Street Mount Prospect, Illinois 60056 MINUTES ECONOMIC DEVELOPMENT COMMISSION Executive Conference Room, Village Hall Thursday, October 18, 2012 8:00 a.m. VILLAGE MANAGER Michael E. Janonis VILLAGE CLERK M. Lisa Angell Phone: 847'818 -328 Fax: 847;818 -329 TDD: 847'392 -6064 iriria. moz �n tprospect. org The meeting of the Economic Development Commission (EDC) of the Village of Mount Prospect was held on Thursday, October 18, 2012 in the third floor Executive Conference Room in the Village Hall, 50 South Emerson Street, Mount Prospect, Illinois. CALL TO ORDER Vice Chairman Skip Robertson called the meeting to order at 8:00 a.m. Commissioners Jim Conroy, John Healy, Norm Kurtz, Tom Lowe, and Dan Novak were present. Also present were Mayor Irvana Wilks; Bill Cooney, Director of Community Development; Brian Simmons, Deputy Director of Community Development; Nellie Beckner, Long Range Planner; and Maura El Metennani, Public Information Officer. APPROVAL OF MINUTES The minutes of the June 21, 2012 meeting were reviewed and approved unanimously. CITIZENS TO BE HEARD There were no citizens present. OLD BUSINESS Mr. Cooney provided a brief update on various development projects throughout the Village. He asked Mr. Conroy to provide an overview of the leasing efforts at Randhurst Village. Mr. Cooney stated that Staff followed up on many of the items discussed at the previous meeting regarding the Kensington Business Center. The primary issue that Staff reviewed was a comparison of property taxes in the Kensington Park versus other similar parks in Cook County. He stated Staff compared tax rates with industrial properties in Northbrook, Schaumburg, and Wheeling to determine if there was an obvious discrepancy between those. He stated our rates were very similar to the Schaumburg and Wheeling rates. He stated the Northbrook rate was nearly fifty (50) percent less and after reviewing further, it was found that the primary reason for that was due to the overall Equalized Assessed Value (EAV). He stated other than the Northbrook comparison; the tax rates were similar to the other communities. NEW BUSINESS Mr. Cooney indicated that the Village completed two (2) annexations on the south end of town. The Village annexed approximately fifteen (15) acres of the western portion of the United Airlines' campus Page 1 of 2 10/18/12 EDC minutes and approved plans for a 200,000 square foot data center. The Village also annexed properties owned by Arc Disposal on South Busse Road. He said the Village would continue to evaluate annexation opportunities to determine the long term benefit to the Village. He stated that the EDC could play a key role reaching about to businesses at that time. Mr. Cooney stated that the Village held its first public meeting in September for the update of the downtown plan. He stated that the Village hired The Lakota Group with a RTA Grant and that they will be pursuing the update over the next year. There was general discussion about opportunities for the Village to upgrade the existing downtown. Mr. Kurtz stated that he thought it was imperative that improvements to the pedestrian movements be a key component of the new plan. He said it is very challenging to cross the major streets that bisect the downtown. Mr. Cooney stated that the consultant team includes a specialist in this area and it would certainly be a key component of the plan. He stated the final document would most likely be completed by summer 2013. Mr. Cooney asked whether the Commission wished to conduct business visits in November. He stated that there have been no visits completed to date this year. The Commission concurred that it would be a good idea to host the business visits and it was suggested that the Kensington Business Center and Randhurst Village be the primary areas to focus on. CHAIRMAN'S REPORT There was no Chairman's Report ADJOURNMENT The meeting was adjourned at 9:00 a.m. Respectfully submitted, Bill Cooney Director of Community Development Page 2 of 2 10/18/12 EDC minutes