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HomeMy WebLinkAboutEDC Minutes 01/25/2018 MAYOR VILLAGE MANAGER Arlene A.Juracek Michael J.Cassady TRUSTEES Mount Prospect VILLAGE CLERK William A.Grossi Karen Agoranos Eleni Hatzis Paul Wm.Hoefert Phone: 847/392-6000 Richard F.Rogers Fax: 847/392-6022 Colleen E.Saccotelli zvzvzv.mountprospect.org 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 25, 2018 8:00 a.m. The meeting of the Economic Development Commission (EDC) of the Village of Mount Prospect was held on Thursday, August 24 in the third floor Executive Conference Room in the Village Hall, 50 South Emerson Street, Mount Prospect, Illinois. CALL TO ORDER Skip Robertson called the meeting to order at 8:00 a.m. Commissioners Jim Drew, John Healy, Jim Peterson and Tom Zander were present. Also present were Arlene Juracek, Mayor, Nellie Beckner, Assistant to the Village Manager, Bill Cooney, Director of Community Development, Consuelo Arguilles, Deputy Director of Community Development and Dawn Fletcher-Collins, Executive Director of the Chamber of Commerce. APPROVAL OF MINUTES The minutes of the August 24, 2017 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. The group discussed details of the upcoming Planning and Zoning Commission cases and provided insight on market conditions related to those projects. NEW BUSINESS Village-wide Fagade Program Mr. Cooney advised the commissioners that the Village Board had authorized $100,000 for FY 2018 for a village-wide fagade program in the recently approved budget. He stated that the proposed draft regulations mirror the long-standing downtown fagade program with one minor change. Staff is proposing capping all grants at $10,000 for participants while the downtown grant goes up to $25,000 for restaurant uses. The group discussed excluding national franchises from the program but ultimately recommended allowing them to participate as many of these businesses are owned by local franchises. Business Attraction Strategy Mr. Cooney stated that one of the high priorities of the Village Board was to create a business attraction strategy for targeted businesses. They want staff and the EDC go focus on attracting a microbrewery and/or distillery and put together a list of other businesses to pursue. The commission members agreed to work on assembling a list of prospective businesses to recruit during 2018. OTHER BUSINESS There was no other business to discuss. ADJOURNMENT The meeting was adjourned at 9:10 a.m. Respectfully submitted, William J. Cooney Director of Community Development