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HomeMy WebLinkAbout01/21/2016 EDC MinutesMAYOR Mount Pnspe Arlene A. Juracek TRUSTEES Paul Wm. Hoefert John J. Matuszak Steven S. Polit Richard F. Rogers Colleen E. Saccotelli Michael A. Zadel Village of Mount Prospect 50 South Emerson Street, Mount Prospect, Illinois 60056 MINUTES ECONOMIC DEVELOPMENT COMMISSION Community Development Conference Room, Village Hall Thursday, January 21, 2016 8:00 a.m. VILLAGE MANAGER Michael J. Cassady VILLAGE CLERK M. Lisa Angell Phone: 847/392-6000 Fax: 847/392-6022 www. mountprospect.org The meeting of the Economic Development Commission (EDC) of the Village of Mount Prospect was held on Thursday, January 15th in 3 d Floor Executive Conference Room in the Village Hall, 50 South Emerson Street, Mount Prospect, Illinois. CALL TO ORDER Chairman Skip Robertson called the meeting to order at 8:00 a.m. Commissioners John Healy, Tom Lowe, Dan Novak and David Roe were present. Also present were Bill Cooney, Director of Community Development, Nellie Beckner, Long Range Planner and Marianthi Thanopoulos, Public Information Officer. APPROVAL OF MINUTES The minutes of the September 17, 2015 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. He highlighted several projects in the downtown district, along the Rand Road Corridor and at Golf Plaza II. Page 1 of 2 1/21/16 EDC Minutes NEW BUSINESS Rand Road Corridor Study Mr. Cooney stated that the Village is undertaking a planning study of the Rand Road Corridor. He introduced Mike Blue and Brittany Bagent from Teska Associates who is the lead consultant for the project. Mr. Blue asked the EDC members a series of questions related to the corridor to solicit their input on the pros and cons of the corridor. The EDC provided their insights on the corridor and made several recommendations for improvements to the area. Business Incentives Mr. Cooney stated that the he would be presenting to the Committee of the Whole on January 261h an overview of business incentives that are available to the Village to attract and retain businesses in the community. He provided the EDC with a summary of those incentives and of incentives that local communities have created individually for their towns. The EDC discussed the topic and opined that the Village should be selective in the use of incentives for retailers as we currently have very low vacancy rates in our commercial districts and we shouldn't provide a competitive advantage for new businesses over existing businesses that aren't benefitting from any incentives. The EDC supports the Class 6b program given the high Cook County tax rates on this use group and the competitive disadvantage it puts the Village in against nearby counties. The group agreed that any locally created incentives should be designed so that they are easy to apply for and use. CHAIRMAN'S REPORT No new items to discuss. ADJOURNMENT The meeting was adjourned at 9:00 a.m. Respectfully submitted, William J. Cooney Director of Community Development Page 2 of 2 1/21/16 EDC Minutes