HomeMy WebLinkAboutTab 4: Community DevelopmentVILLAGE OF MOUNT PROSPECT
2014 - 2018 CAPITAL IMPROVEMENTS PLAN
SUMMARY OF PROJECT REQUESTS
Department: Community Development
Page
Project
Dept.
Project Name No.
Type
2014 Priority
2015
2016
2017
2018
Total
Fagade/Interior Buildout Program (E) C -2
710
60,000 1
60,000
60,000
60,000
60,000
300,000
Corridor Improvements (E) C -3
704
50,000 2
250,000
250,000
250,000
250,000
1,050,000
Total
110,000
310,000
310,000
310,000
310,000
1,350,000
(N) = New Project
(E) = Established Project
( *) = Federal Mandate
Project Type Codes
700 = Water System 706 = Construction of and Improvements to Public Buildings
701 = Sanitary Sewer 707 = Computer Hardware/Software
702 = Flood Control Projects 708 = Vehicles and Automotive Equipment
703 = Storm Sewer 709 = Non - Automotive Equipment
704 = Street Constriction and Reconstruction 710 = Miscellaneous
705 = Resurfacing/Curbs and Gutters /Sidewalks
C -1
File Name: 2014 UP - CDD DTown.xls (E) = Established Project
C -2
VILLAGE OF MOUNT PROSPECT
CAPITAL IMPROVEMENTS PLAN
2014 -2018
Project Name:
Facade and Interior Buildout Program (E) Project Type Code:
710
Department:
Community Development 2014 Dept. Priority:
1
Description:
Matching grant programs to encourage private investment in existing
properties in the Central Business District.
Location:
Central Business District
Justification/Comments:
The Village has supported the Facade and Interior Buildout Program for the
past several years in an effort to supplement the Village investment in the
Central Business District. The Program provides matching grants to existing
and prospective tenants to invest in the interior and exterior of downtown
storefronts.
Annual Dollar
Impact Upon the
Operating Budget:
None
Project Costs:
2014 2015 2016 2017 2018
Totals
Downtown Redevelopment
Programs
60,000 60,000 60,000 60,000 60,000
300,000
60,000 60,000 60,000 60,000 60,000
300,000
Sources of Funds:
2014 2015 2016 2017 2018
Totals
Tax Increment Financing
60,000 60,000 60,000 60,000 60,000
300,000
Fund
60,000 60,000 60,000 60,000 60,000
300,000
File Name: 2014 UP - CDD DTown.xls (E) = Established Project
C -2
File Name: 2014 CIP - CDD Corridor.xls (E) =Established Project
C -3
VILLAGE OF MOUNT PROSPECT
CAPITAL IMPROVEMENTS PLAN
2014 -2018
Project Name:
Corridor Improvements (E) Project Type Code: 704
Department:
Community Development 2014 Dept. Priority: 2
Description:
Parkway improvements, including trees, sod, sidewalks, banners, etc., along the major
commercial corridors in the Village as discussed in the corridor plans.
Location:
Village wide
Justification/Comments:
The Corridor Improvement Plan was adopted by the Village Board in FY 2000 in an effort
to improve the visual appearance of our commercial corridors. These improvements
will greatly enhance the commercial viability of these corridors by creating attractive
areas that will encourage people to shop in Mount Prospect. In addition to the
improvements in the public right of way, these funds would support a facade
upgrade program for commercial properties outside of the TIF area. This program
would provide matching grants for business /property owners to upgrade their
buildings and grounds further enhancing the Village's commercial corridors.
Improvements to properties in low -mod census tracts would occur in the public ROW.
Annual Dollar
Impact Upon the
Operating Budget:
Negligible.
Project Costs:
2014 2015 2016 2017 2018 Totals
Construction Costs
50,000 250,000 250,000 250,000 250,000 1,050,000
50,000 250,000 250,000 250,000 250,000 1,050,000
Sources of Funds:
2014 2015 2016 2017 2018 Totals
Capital Improvement Fund
0 200,000 200,000 200,000 200,000 800,000
CDBG for properties in
50,000 50,000 50,000 50,000 50,000 250,000
low -mod census tracts
50,000 250,000 250,000 250,000 250,000 1,050,000
File Name: 2014 CIP - CDD Corridor.xls (E) =Established Project
C -3