HomeMy WebLinkAbout12/23/1997 COW agenda ~-I
VILLAGE OF MOUNT PROSPECT
ORDER OF BUSINESS
SPECIAL VILLAGE BOARD MEETING
Meeting Location: Meeting Date and Time:
Mount Prospect Senior Center Tuesday, December 23, 1997
50 South Emerson Street 7:30 p,m,
I. CALL TO ORDER
II ROLL CALL
Mayor Gerald L. Farley
Trustee George Clowe$ Trustee Richard Lohrstorfer
Trustee Timothy Corcoran Trustee Daniel Nocchi
Trustee Paul Hoefert Trustee lrvana Wilks
III CLOSED SESSION
The purpose of the Closed Session is to discuss Property Acquisition: 5 ILCS 120/2 (c) (5) - "The
purchase or ]ease of real property for the use of the public body, including meetings held for the
purpose of discussing whether a particular parcel should be acquired."
IV NEW BUSINESS
A First Reading of an Ordinance Authorizing the Execution of a Real Estate Purchase Contract
to Acquire a Portion of District No, 1 Redevelopment Project Area in the Village of Mount
Prospect, Illinois (commonly known as Two-Ten East Northwest Highway),
V ADJOURNMENT
COMMITTEE OF THE WHOLE
AGENDA
Meeting Location: Meeting Date and Time:
Mount Prospect Senior Center Tuesday, December 23, 1997
50 South Emerson Street Immediately foflowing SpeciaIBoard
meeting
J. CALL TO ORDER - ROLL CALL
Mayor Gerald L. Farley
Trustee George Clowes Trustee Richard Lohrstorfer
Trustee Timothy Corcoran Trustee Daniel Nocchi
Trustee Paul Hoefert Trustee Irvana Wilks
ii. ACCEPTANCE OF MINUTES OF DECEMBER 9, 1997
Ill. CITIZENS TO BE HEARD
IV REVIEW AND ACCEPTANCE OF THE REPORT OF THE DOWNTOWN REDEVELOPMENT
STRATEGIC PLAN AD HOC COMM!%I-EF
On September 2, 1997, the Mayor and Board of Trustees created the Downtown Redeveropment Ad
HOC Committee for the purpose of developing a Strategic Plan that would further the immediate
redevelopment of the Village's Central Business District and, specifically, the existing Tax Increment
Financin9 District. The Village Board asked that the Strategic Plan be ready for review by the end
of calendar year 1997
The Committee ~s comprised of two Village Trustees, iwo residents and two members each from the
Business District Development and Redevelopment Commission, the Economic Development
Commission and the Plan Commission. The Committee initially met on September 16 and has held
s~veral public meetings over the past three months to develop their Strategic Plan,
_N_OTE; ANY /ND/V/DUAL WHO WOULD LIKE TO ATTEND THIS MEETING BUT BECAUSE OF A
DISAB/LITY NEEDS SOME ACCOMMODATION TO PART/C/PATE, SHOULD CONTACT THE
VILLAGE MANAGER'S OFFICE AT lO0 SOUTH EMERSON, MOUNT PROSPECT, ILLINOIS
60056, 847/392-6000, EXTENSION 5327, TDD #847/392-6064.
At this time, the Downtown Redevelopment Ad Hoc Committee respectfully forwards its
Strategic Plan for the redevelopment of the downtown to the Village Board for its review and
consideration, tn addition, the Committee has developed a draft Request for Proposals that
would be utilized to generate developer interest for Phase I of its Plan.
The Plan and the RFP are the result of significant dialogue between Committee members
and numerous property owners, business owners and residents of Mount Prospect. The
Committee held two Open Houses and several pubIic meetings over the past three months
to encourage input from the community. These forums not only provided the Committee
with additional insights but also confirmed that there was a strong consensus that continued
redevelopment of the downtown was desired.
The Committee would like to make a brief presentation of its Plan to the Village Board at
the December 23 Committee of the Whole meeting, in addition, Finance Director Brian
Caputo will be present to highlight the financial feasibility of the proposal, it is the
Committee's desire to obtain the Village Board's support for the Plan and to move forward
with the RFP process in January 1998, Included with the Agenda material are two possible
time lines designed to fur(her implementation of the Strategic Plan and the identification of
a Preferred Development for Phase I of the Plan. The shorter time line contemplates
undertaking certain tasks on a parallel tract while the longer time line approaches tasks on
a linear progression
Members of the Downtown Redevelopment Ad Hoc Committee, the Village's marketLng
consultant and appropriate staff will be present to answer questions and facilitate
discussion.
V. ANY OTHER BUSINESS
Vi ADJOURNMENT