HomeMy WebLinkAbout03/24/1998 COW agenda
COMMrl-rEE OF THE WHOLE
AGENDA
Meeting Location: Meeting Date and Time:
Mount Prospect Senior Center Tuesday, March 24, 1998
50 South Emerson Street 7:30 P.M.
I. CALL TO ORDER - ROLL CALL
11. ACCEPTANCE OF MINUTES OF MARCH 10, 1998
I[1. CITIZENS TO BE HEARD
IV. DOWNTOWN REDEVELOPMENT STRATEGIC PLAN REVIEW
REVIEW OF DEVELOPER PROPOSALS
The Ad Hoc Downtown Redevelopment Committee met on Tuesday, March !7 to review proposals
for the Phase I redevelopment of Downtown Mount Prospect. At the meeting, the Committee
discussed the proposals submitted by Town Centre LLC and Ben-Cor Group. They found that both
proposals reflected certain of the development concepts described in the Strategic Plan and Request
for Proposals. In addition, each proposal raised a number of questions. As a result of their
considerations, the Committee recommended that both teams be invited to make presentations before
the Village Board and Ad Hoc Committee at the March 24 Committee of the Whole meeting.
To make those presentations most productive, the questions raised by the Committee have been
forwarded to the developer teams, and they have been asked to address them in their presentations
After reviewing the Committee's letter outlining their questions and concerns, the Ben-Cot Group has
indicated they are unable to answer these questions and will not be making a presentation at the
March 24 meeting (see attached letter). Therefore the Town Centre LLC proposal will be the only
proposal that wilt be reviewed and considered by the Village.
The March 24 meeting will provide the Village an opportunity to better understand the development
concept presented by the Town Centre LLC team, clarify the details of their proposal, anO test ideas
for adjusting the plan to better reflect the intent of the Downtown Strategic Plan.
Town Center LLC has been notified that they have one-half hour for their presentation, which will be
followed by questions from the Village Board, the Ad Hoc Committee and the public. Given the time
they have spent with the project so far, it would be appropriate to allow the committee members the
opportunity to provide direct input into this aspect of the process. In keepin9 with our practice
throughout this project, questions and comments should also be taken from the audience, in or,er
to facilitate even broader public consideration, the proposal will be displayed at an open house on
March 31 from 4:00 p.m. to 8:00 p.m. at the Senior Center.
NOTE: ANY INDIVIDUAL WHO WOULD LIKE TO ATTEND THIS MEETING BUT BECAUSE OF A DISABILITY NEEDS SOME
ACCOMMODATION TO PARTICIPATE, SHOULD CONTACT THE VILLAGE. MANAGER'S OFFICE AT '100 SOUTH
EMERSON, MOUNT PROSPECT, ILLINOIS 60056, 547/392-6000, EXTENSION 5327, TDD #847/392.5064,
The Ad Hoc Committee will meet immediately after the Committee of the Whole meeting to consider
the proposal in light of the presentation, and make a recommendation to the Village Board. The
Village Board would then consider this issue at their April 7, 1998 meeting and take one of the
following actions: 1) direct staff to enter into negotiations with Town Centre LLC, or 2) reject the
proposal and reopen the developer selection process.
Regarding the developer selection process to date, we have been looking into why only two proposals
were received. As you know, we sent about seventy proposals (see attached list) to members of the
development community, tt should be noted that a relatively small response to this type of RFP is not
unusual, although we had hoped to received a greater number. Over the course of the response
period, I spoke to about a dozen interested developers. All noted that this was a very busy time for
them, and most indicated that they would simply not have time to respond to our request. One issue
that did raise concern was that although the Village has committed to acquiring the proper~y in Phase
I, there is a potential timing issue inherent in those efforts. Since the market is currently very strong,
it was difficult to commit significant effort to a somewhat speculative project. They indicated that their
non-responsiveness did not reflect a lack of development potential in the downtown.
The Ad Hoc Committee and staff, along with the developer, will be present at this meeting to further
discuss these issues.
V. MANAGERiS REPORT
VI, ANY OTHER BUSINESS
VII. ADJOURNMENT
CLOSED SESSION
1. Property Acquisition 5 ILCS '120/'2 (c) (5) - "The purchase or lease of real property for the use of
the public body, including meetings held for the purpose of discussin9 whether a particular parce{
should be acquired.
2. Litigation 5 ILCS 120.2 (c) (21) - "Litigation, when an action against, affecting or on behalf of the
particular public body has been flied and is pending before a court or administrative tribunal, or when
the public body finds that an action is probably or imminent, in which case the basis for the finding
shall be recorded and entered into the minutes of the closed meeting."
×:\U S E RS\ROB E RTAC\Wl N\OF FIO~COWAGN~324eOW.AGN