HomeMy WebLinkAboutRes 06-05 03/01/2005
RESOLUTION NO.
6-05
A RESOLUTION COMMITTING PRESENT AND FUTURE VILLAGE 80ARDS
TO THE ACQUISITION OF CERTAIN PROPERTIES FOR DEVELOPMENT OF
PUBLIC GREEN SPACE
WHEREAS, since the 1970s, the economic vitality of the Central Business District
(CBD) of Mount Prospect has been of material concern to the entire community; and
WHEREAS, various citizen groups, Ad Hoc Committees and formal Commissions have
reviewed and studied numerous plans for redevelopment throughout the CBD; and
WHEREAS, in 1985, the Village Board created a Tax Increment Financing (TIF) District
to assist in the redevelopment of the CBD; and
WHEREAS, that first 1985 Strategic Plan called for the property bounded by Central
Road on the north, Emerson Street on the west, Busse Avenue on the south and the
rear residential property lines fronting on Maple Street to the east (originally referred to
as Sub-Area #1) to be developed with medium density residential of high quality such
as "duplexes townhouses or garden apartments;" and
WHEREAS, the 1998 Downtown Strategic Plan Ad Hoc Committee Report reconfirmed
the findings of the 1985 Strategic Plan that the best use for this Sub Area (now Sub
Area #3) was high quality row homes; and
WHEREAS, the Village proceeded to acquire property as it became available in this
Sub Area in furtherance of the Strategic Plan; and
WHEREAS, the 2004 Downtown Redevelopment Ad Hoc Committee-Phase /I Report
again confirmed the development of high quality row homes as the best use of land in
Sub-Area #3; and
WHEREAS, that report included a recommendation that the southern portion of Sub-
Area #3 (commonly known as 19 South and 21 South Emerson Street) be reserved for
development as public green space; and
WHEREAS, in all its deliberations, past and present, Village Boards have sought
opportunities to preserve or create open green and public space in the CBD; and
WHEREAS, as part of the redevelopment of the CBD, past and present Boards have
recognized the benefit of creating pedestrian friendly, activity driven public open and
green space as a means of fostering a sense of civic engagement and community
activity; and
WHEREAS, to that end, past and present Boards have created such public open and
green space in excess of 40,000 square feet throughout the CBD; and
WHEREAS, the current Board states its unequivocal commitment to pursuing with all
due diligence the acquisition of the properties commonly known as 19 and 21 South
Emerson Street for redevelopment as public green space.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: The Mayor and Board of Trustees will pursue acquisition of the
property, while respecting the use and enjoyment of the property by the current owner,
but reserving all legal rights that do, and may in the future, inure to the Village.
SECTION TWO: The Mayor and Board of Trustees will put into place appropriate
mechanisms to provide a funding source for the purchase of said property in the future
either through the extension of the existing TIF District, by creating a sinking fund or
utilizing another appropriate method of funding the purchase.
SECTION THREE: The Mayor and Board of Trustees, through this Resolution, look to
create an obligation that binds future Boards to the acquisition of the subject properties
and to complete their redevelopment as open space.
SECTION FOUR: This Resolution shall be in full force and effect from and after its
passage and approval in the manner provided by law.
AYES:
NAYS:
Corcoran, Hoefert, Lohrstorfert Skowron; Wilks, ladel, Farley
None
ABSENT:
None
PASSED and APPROVED this
1st
day of
March
,2005.
ATTEST:
~J XW/
Velm . Lowe
Village Clerk