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HomeMy WebLinkAbout12/15/2005 EDC minutes MAYOR Irvana K. Wilks VILLAGE MANAGER Michael E. Janonis TRUSTEES Timothy J. Corcoran Paul Wm. Hoefert A. John Kom Richard M. Lohrstorfer Michaele Skowron Irvana K. Wilks Michael A. Zadel Village of Mount Prospect Community Development Department 50 South Emerson Street Mount Prospect, Illinois 60056 VILLAGE CLERK M. Lisa Angell Phone: 847/818-5328 Fax: 847/8] 8-5329 TDD: 847/392-6064 MINUTES ECONOMIC DEVELOPMENT COMMISSION 1st Floor Community Center, Village Hall Thursday, December 15, 2005 8:00 a.m. The meeting of the Economic Development Commission (EDe) of the Village of Mount Prospect was held on Thursday, December 15,2005 in the first floor Community Center of Village Hall, 50 South Emerson Street, Mount Prospect, Illinois. CALL TO ORDER Chairman David Lindgren called the meeting to order at 8:00 a.m. Commissioners Ken Fritz, Margaret Lannen and Bruce Gillilan were present. Commissioners Ben Trapani and Tom Zander were absent. Also present were Mayor Irvana Wilks, Bill Cooney, Director of Community Development, Ellen Divita, Deputy Director of Community Development. APPROVAL OF MINUTES The minutes of the August 18,2005 meeting were reviewed and approved unanimously. OLD BUSINESS Development Update Mr. Cooney provided a general overview of development activity throughout the Village. He stated that the plans have been submitted for the redevelopment of the northeast comer of Euclid Avenue and Wolf Roads. He stated the plans call for a multi-building retail development that would include a Starbucks and other retail users. This project would incorporate the CornEd right-of-way along Euclid Avenue. Mr. Cooney anticipates this project would go before the Planning and Zoning Commission at their January or February meeting. He also stated that he is working with two prospective tenants for the remaining 500,000 square feet at the Skil- Bosch property located at 1800 W. Central Road. Mr. Cooney stated that the Village Board discussed the concept of hiring a retail specialist to assist in filing vacancies throughout the Village. He stated that Cathy Maloney, who currently works for the City of Elmhurst, would focus her attention on the downtown and other shopping centers throughout the Village. The Commission members discussed the concept of hiring a retail consultant and were generally supportive of the idea. They suggested that Ms. Maloney appear before the EDC at their next meeting to introduce herself and discuss her overall strategy with the Commission. Mr. Cooney asked Ms. Lannen to provide a status for Randhurst Mall. She stated that sales were going well at the mall during the Holiday season. She stated the addition of Steve and Barry's has been very positive and brought many new customers to the Mall. Ms. Lannen also stated that Bed, Bath and Beyond will be opening their store mid-January. They were delayed due to some internal construction issues. Economic Development Commission December 15,2005 Minutes Page 2 Downtown Redevelopment Mr. Cooney provided a brief overview of the status of the Downtown Redevelopment. He stated that the Village is currently undertaking the T.I.F. amendment process that will culminate with a public hearing in February before the Village Board. He stated that the amendment would extend the boundaries ofthe T.I.F. to include the Central Plaza and the Chase Bank Building; it would also modifY several components of the overall plan that was last modified in 1992. He indicated that the State did finally approve the 13-year extension of the T.I.F. timeline, so the T.I.F. will now expire in 2021. Mayor Wilks added that she was grateful to several State Representatives that assisted in the process. Mr. Cooney added that the Emerson development was underway and that the five-story mixed-use condominium development should be open for occupancy by mid to late Summer 2006. He also stated that the Founders Rowhome project could begin construction as early as next week. ComEd Business Retention Program Mr. Cooney distributed a summary sheet that provided an overview of the twenty-five retention visits that the EDC undertook over the past several months. He stated that the overall responses were positive regarding Village services and Kensington Business Park as a place to do business. He stated that he would be working with CornEd to address any issues that were raised relating to utility services in the Park. Mr. Cooney stated the primary concern raised by businesses was related to the availability of fiber optics in the Park. He stated that Staff was compiling an inventory of all fiber optics in the Village to better facilitate business needs throughout town. There was general discussion about the value of the visits in the Park. The EDC members stated they enjoyed the visits and thought it would be appropriate to continue them throughout 2006. It was agreed that they would conduct the next round of visits on February 16th. 2006 EDC GOALS Chairman Lindgren asked that the Commission members email him suggestions for EDC projects for 2006. He would like to discuss this matter further at the February 2,2006 meeting. NEW BUSINESS There was no New Business. CHAIRMAN'S REPORT There was no Chairman's report. ADJOURNMENT The Commission agreed to hold their next meeting on February 2, 2006. The meeting was adjourned at 9: 15 a.m. Respectfully submitted, William J. Cooney, Jr., AICP Director of Community Development WJC:sld C:\Documents and Settings\kdewis\Local Settings\Temporary Internet Files\OLK2\December 15.doc