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Home My WebLink About06/25/1985 COW Minutes... ..... . ... .... . . . ............ . MINUTES 1 -4 ON 11 74 1 L Io ROLL CALL JULY 23 1985 40 it Ak Ak Alft 00 Ift, 46 46 II* MINUTES - -L The Minutes of the Committee of the Whole meeting 01: June 25, 1985 were accepted and foiled. IIIo CITIZENS TO BE HEARD Trustee Theodore Wattenberg, speaking as a c i t izen, urged the Village and local newspapers to PUDlicize the results of Court action taken in cases of vandalism, burglary and other Village crimes. Hefelt that this type of publicity would have a deterrent effect and also would notify the residents of Mount Prospect that there Police Department was doing a good job. IV* TAX INCREMENT FINANCING - PUBLIC HEARING Mayor Carolyn Krause called a Public Hearing pursuant to Chapter 24, �ection 11-74,,4 of the Illinois Revi`sed Statutes., entitled., "Real Property Tax Increment Allocation Redevelopment Act." This Act requires that prior to the adoption of an Ordinance proposing the designation of a redevelopment project area, the Village shall call a Publi J I c Hea,r'',in,g, at which any interested party or affected taxing I*ty ob*ecti*ons with d 01 �8 tr I t may e m file with thunicipa i reSpect to any issues relating to the proposed pro*ect. J a go a 0 a a 5 W dw OW 40 40 40 40 40 Ak 1W W Ah, 4W 4 0 A a 1 11 low 4W Jack Pettigrew, of the consulti'ng f irm Trkla, Pettigrew, Allen and Payne gave uommittee members and those in the audience a brAef overview of the findings of the pre iminary studies andthe requirements of the TIF Act. Mr. Pettigrew indicated that total project costs would range in the area I ion* that pro*ect iT*fe could of $3.5v m *111 ion to �3.9 m extend over a max imum period of 23 years, with the maximlim term of any obligation being 20 years before it must be retired, and that the redevelopment project would be done in .Phases in orderto realize optimum Tax, Increment ,revenue. 0 1 40 0 0 OW OW 40 In. res.ponse to �concerns ralsed by certain speakers as to the effect of the proposed project on their individual proper- ties, MayorKrause indicated that thepurpose of this Public Hearing was solely to allow comments, on the use of Tax Increment Finan,cing as a tool to aid *in downtown develop� ment,, She indicated that at this point the Village had no formal plans for redevelopment and that as those plans for development were taken under cons ideration., citizens who would - be af f ected thereby would be not 'if iedand be g iven t e opportunity to comment on individual projects* Mayor Krause also indicate'd that both she and Board'members were highly sensitive to the concerns of property owners who may be affected by the redevelopment of the downtown area and every iderat' uld be taken to assure that their properties cons ion wo and businesses wouic not be adversely affectedO t Mayor Krause closed the Public Hearing by saying that the Ordinances adopting the T'ax Increment F'inancing tool and designating the District to be developed first wouid be brought before the Village Board for a first reading on August 6 and for a second read ing on AuRust 20, Mayor Krause also *invited those who are interested 'in receiving further *Information regarding the TIF Project to sign a m, *ling list and that they would be provided with relevant al 1 1. mater i'al . The Mayor also stated that during the next 14 days, the Village would be open to receive written comments by residents. At this point, the Public hearing for TIF was recessed, V a FRANCIS CADILLAC, Acting VJ.11age Manager Michael JanoniLs reviewed with Committee members a memo regarding certain Code violations which had occurred relevant to the Francis Cadillac property located on Rand Road, Mr. Janonis *Indicated that there had been complaints regarding par * King of employees on abutting a idential streets the disrepaLr of a perimeter fence resi I f which screened the car dealership from the adjoining fo Went'al areas and a parking problem being experienced by resi 1 Francis because of increased shipping of cars by the auto 1&4 factories, Mr. Janonis 'indicated that this matter was being brought to the attention of the Mayor and Board L*n,,,Il-ght ot the conflict which had developed between area residents and DMS, Inc., on Prospect Avenue, The concern of the Village Manager's office was to resolve a potentially similar controversy before 'it escalated to an uncontrollable state. Mr. Janonis 'indicated that he had met with Frank Muro on the morning of the meeting and that they had come to an under- standing regarding all outstanding violations,, Mr. Janonis, OA however indicated that the Village Manager's off ice felt' that *it did not have the authority to grant an extension which would allow Francis Cadillac to park surplus automobiles *in an area designated as a B-3 zoning in which automotive uses were not permissible, Upon questioning by the Board, Mr. Frank Muro indicated that this was a temporary situation caused by a year-end build out which occurs at this time, 'in the auto 1"ndustry,, At th "Is time, the auto factories produce a larger volume of current model year cars "in antl*cL*pati*on of retooling for the new mlode,,,I,,,,,,Y,ear,,-.-,,,.,,.,-,Mr,..,,,,,,,,,,Muro*lnd'ica-ted that the surplus problem would be resolved by September 30, Mr. Muro also indicated 0 10 1,that,should this situation occur in the future., they would contact the Village Manager's office before making arrange- ments to store surplus cars on rem ote sitesO I M It was the consensus o.f the Committee members to grant author-lty to the Village Manager to issue a permit for the temporary storage of cars in their present location for a period not to exceed September 30* VI* TAX INCREMENT FINANCING SEED MONEY, 0 #- The Committee members reviewed'a memo from Finance D irector Dav i d J I epson outl in ing, the results of a lawsuit f I'Lled 0 interest on sales ,against the State of Illinois to recover 1. is prior to tax receipts held by the State of Ill*no* distribution to municipalitieso As a partial resolutlion to this suit, there has been an interim distribution of that interest to municipalities and Mount Prospect's share to date is $53,384*84* This money was not anticipated in the budget, it was the suggestionof the Village Manager that this money perhaps be used as Seed money for the initial phases of the Tax; Incremlent F inanc ing, Pro* ect Spec if ical,ly, this money could be used for the initial appraisals and/or negotiations necessary to begin to bring the affected propertiVes undler 11 1p uniriea ownersh* # 6 Discussion among Committee members resulted in a general consensus that the money be used for TIF purposes. Trustee George Van Geem did express concern that the budget accurately reflect the source of this unbudgeted money and that, perhaps, it should not be,allocated in its entirety to TIF purposes # Trustee Van Deem indicated that he would speak directly with Mr. Jepson as 'to how the accounting of this money would be handled. It was the consensus of Committee members that the money be used toward initial expenses *incurred- because of the TIF Project, VIII MANAGER'S REPORT' Acting Village Manager Michael Janonis *indicated that he had nothing to report to the Committee members at this time, VIII,ANY OTHER BUSINESS MWWW""M Trust I ee Wattenberg **Indicated that the Village should evaluate 'Its Sidewalk Program and perhaps beef it up so as to avoid potential lawsuits as a result of cracked or deteriorating sidewalks. ""41" �w/Prur✓tib rrr,N, ,/ ryrra�r�'Nrrarrrrvo,serni tir ? IX* ADJOURNMENT There being no further business to come before the Committee f the Whole, the meeting was adjourned at 9:58 ,m . Respectfully submitted, MICHAEL E. JN N I S Acting Village Manage EJ/ r w