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HomeMy WebLinkAbout0379_001TO: TERRANCE L. BURGHARD, VILLAGE MANAGER FROM STEPHEN 11. PARK,, DIRECTOR OF PLANNING AND ZONING SUBJECT: TAX INCREMENT FINANCING PUBLIC HEARING DATE: JULY 172 1985 The second public hearing on Tax Increment Financing ng, scheduled for the Committee of the Whole Meeting on July 23, will fulfill the requirements of the State Statute in order for the Village Board to adopt T.I.F. for downtown redevelopment. As you know, the second public hearing was needed because of an error in the notification of the previous hearing held in Ilay. All notifications required by Statute have been completed for this public hearing. The taxing jurisdictions, property owners, and newspaper publication (twice) have been completed within the statutorily defined timeframe. In addition, we have given courtesy notices to all the individuals at the Ilay meeting that requested notification -of any further hearings. Our staff will be available to make a brief presentation to the Board members and Jack Pettigrew, of T.P.A.P., will also be in attendance. Jack will itemize the required conditions and enter all the required factual information into the official record. In the time since the clay public hearing, our staff has prepared several concepts for the possible redevelopment of target areas la and 1d. These two areast fronting on Northwest Highway, are the primary areas for staff attention to seek redevelopment. We believe, because of their arterial access and visibility, they have the greatest potential for redevelopment. They also would contribute significantly to the increment; which would improve the financial capabilities of this redevelopment program. We have attached for your review, reduced copies of the different concepts that have been developed by staff. We have made initial contact with local developers to assess their possible interest in these projects and, upon direction of the Board, would actively pursue selection of a developer for these areas, Terrance L* Burghard - Page Two July 17, 1985 To this date, no property owners wn the T.I.F. District have filed any written objections with the staff. lie have been in contact with several of the property owners to give them infor- mation over the last several months. We have also distributed copies of the Redevelopment Project and Plan to interested individuals. If any of the property owners or Board members need addonal copies of the Redevelopment Plan, our office can supply these copies. Pending a successful outcome of the public hearing and direction by the Village Board, we would be prepared to introduce ordinances adopting tax 'increment financing for the regular Village Board ■ meeting of August 6. These ordinances have been prepared ■by our staff and reviewed by our Village Attorney. They are currently awaiting ■review by Bond Counsel. My staff ■will be prepared to render whatever assistance or additional preparation is needed by the Village Board in order to follow their stated policy on redevelopment in the downtown and adoption of Tax Increment Flonancingo S11P: hg Attach, 00000",/ IL W: S4 A, l� 'K KIN 0 .......... . . I . ......... . ............. 1*411, �j . . . ........... Ijl 71) 7`1 . . .. ..... . �7 ..... . ...... A 71�7 ......... I I I . I .......... . . . . 2 K.,mm � , „,;; , , .""„ . a _� �_�w� �� �_ �. ; nnnn, mm h '�v �. i r�wu�w�wwa. yY� pP�Ym'M`.�"mm911lIXMl^M.."."M, � W N�•e � � inlMmm' Ill � �jr M4vnr S Y mm1 n miaw.sry� pry" uybR m M r 1A l� Y 0I i r„r ,nib° �yr (� yu�ny w"''•!� �, 4 { I I i w,» m :. ten” w- '77 "^wr I oeuw a � I ..... U-1 U� a N w � r qr p Q a � I ..... V a d _OLm�., .-..... n � N• a �Qh �wr I � � w r ru� Tel: rI�' m mmm mmmm_� 9 or i n j ILL W s ir k z e g z u H fl Jot M 9 v �l µp' n ' 7 " dlp _ tea. -µ i jo Po 14 .. N r �I J dd` w u N � i � m ,rr w �J �y�w► D" m � r )lO'l �d ff 0 LL �� ,��'. m . a; �um,��. � ^ � Man., ',.„. „ � "'Of4. I, mr oo elllu I .. .... . .... SI 71l 77.a. MMMMMM Ir of "I t ai ................... . . . . .............. m �7F d s Z , TAX INCRE11ENT FINANCING GENERAL CONSTRAINTS AND GUIDELINES le Buffer and landscaping to any single family areas. 2* Restrict traffic from entering residential neighborhoods, 1 3* Minimize curb cuts onto Northwest Highway, 1 4. Provide open space around buildings. 5. Improve pedestrian linkages within site and to other areas of the downtown, 6. Provide landscaping withinparking areas, 7 Maximura four-story buildings, 8e Orient development toward Northwest Highway. 9. Provide high quality residential units, 10. 11ake development compatible with sur. -rounding areas. 11. Allow for transition from higher to lower density areas. 4. WWW" Village "of Mount Prospect Mount Prospect, 111'1'nol'S Wd" 0 INTEROFFICE MEMORANDUM Immu 1 00 TO: MAYOR CAROLYN Ha KRAUSE AND BOARD OF TRUSTEES FROM: VILLAGE MANAGER ))ATE: JULY 16; 1985 SUBJECT.If , FRANCIS CADILLAC The Village staff is currently having a dispute with Francis Cadillac. You may recall that previously we had a problem with their employees parking in the adjoining residential districts (Bob -O -Link and Prospect Manor) and this matter was resolved by posting two hour parking zones. Based upon some, other co faints in the neighborhood, Francis Cadillac was ordered to make certain repairs to it, perimeter fence which apparently was a requirement of its initial re -zoning several years ago. Apparently, Francis Cadillac is doing very good business and they have brought in substantially more new cars than they can park on their existing property. They subsequently leased space from Courtesy Home Center on Rand Road and are parking approximately 50-60 cars on the far western edge of that property. This matter was brought to the attention of the Village Manager's Office and we directed Code Enforcement to enforce the Zoning Ordinance and instructed Francis Cadillac to remove the vehicles. Code Enforcement gave them 24 hours within which to remove the cars and Francis Cadillac has appealed that decision and they have a temporary extension until July 22, I have spoken to representatives of Francis Cadillac and they are asking for a longer time extension. Francis Cadillac is a major revenue producer for this community through its Sales Tax and I am sensitive to the needs of the business community to be able to operate with some degree of flexibility from time to time. Nevertheless, the recent DMS situation on Prospect Avenue under -scores the difficulty the Manager's Office has exceeding his authority for such instances. I have scheduled this matter for the Committee of the Whole meeting of Tuesday, July 23 whereby the Village Board can make the decision as to whether this should go before the Zoning Board of Appeals, the Court or handled administratively. 10101ell k TERRANCE Lt BURG AR D TT, R / -r n -ra r^' unt �Prosplec..' Mount Prospect, Illinois r. INTEROFFICE MEMORANDUM TO: Terrance L. Burghard, Village Manager FROM: David C. Jepson, Finance Director DATE: May 22, 1985 SUBJECT: Interest Distribution on Municipal Sales Tax Collections On Wednesday, May 22, 1985, the Village received a check for $53,384-84 which represents the Village's pro rata share of interest collected by the State of Illinois on Municipal sales tax collections . This is an interim distribution and covers the period of November 183 through February '85. The payment to the Village is the result of a class action suit initiated by the Village of Pawnee and the City of Springfield to require the State to pay interest earned on Municipal sales tax collections to the respective municipalities., John Myers of Pfeifer & Kelty, P.C.., informed me that litigation continues toward a final distribution and for establishing procedures to ensure that municipalities will receive interest earned in the future directly from the State. The final distribution will include interest earned subsequent to February 28, 1985, less fees and expenses. He could not estimate when the final distribution will be made. This was not a budgeted revenue in the 1985/86 budget± is attached. Enc A copy of the notice IN THE CIRCUIT COURT OF THE SEVENTH JUPICIAL CIRCUIT SANGAMON COUNTY, ILLINOIS VILLAGE OF PAWNEE and CITY OF SPRINGFIELD, et al Plaintiffs,, V, No. 82 -MR -141 J THOMAS JOHNSON, ROLAND W. BURRIS and JERRY COSENTI NO, et al Defendants. NOTICE TO CLASS MEMBERS The accompanying check represents your municipality's pro rata share of an interim distribution by order of the Circuit Court of Sangamon County of $820063171,00 in interest escrowed through February 28, 1985 by a prior order of the Supreme Court in this case. This case, which was filed in 1982, successfully challenged the State of Illinois' retention of interest earned on Municipal Retailers Occupational Tax ("MROT TAX") receipts while such receipts are in the possession of the State and prior to distribution to the municipalities. For further details, see villa e of Pawnee v. Johnson, 103 Ill. 2d 411 (1984). - 9- IF YOU WISH TO OPT OUT OF THE PLAINTIFF CLASS CONSISTING OF ALL MUNICIPALITIES IN THE STATE OF ILLINOIS WHICH HAVE IMPOSED AN MROT TAX, PLEASE RETURN THE CHECK UNENDORSED TO THE ATTORNEYS FOR THE PLAINTIFF CLASS AND FILE A NOTICE WITH THE COURT WITHIN 30 DAYS EXPRESSING YOUR DESIRE TO OPT OUT. OTHERWISE,, YOU WILL BE DEEMED BY THE COURT TO HAVE ELECTED TO REMAIN IN THE CLASS. A report showing how the pro rata shares of the interim distribution of individual municipalities were calculated has been filed with the Court. Individual municipalities' shares ranged from less than $1.00 for communities with minimal sales tax receipts to over $1,600,000.00 for the City of Chicago. Litigation continues toward a final distribution of additional amounts escrowed to date and for establishing procedures to ensure munici pal i ties shall properly receive interest earned in the future. The attorneys for the plaintiff class, Pfeifer & Kelty, P.C. and Friedman & Koven., have requested an interim award from escrowed funds of fees and expenses. A hearing on the fee petition- is scheduled for May, 29, 1985 at 9:30 a.m. before The Honorable Simon Friedman of the Circuit Court of Sangamon County, Ninth and Monroe, Springfield, Illinois. If you wish, you may attend such heari.ng. PI ease do not contact Judge Friedman. If you desire a copy of the fee petition or further information regarding this litigation, please contact the attorneys for the plaintiff class. Thomas W. Kelty John M. Myers PFEIFER & KELTY, .o P.C. 1300 S. Eighth Steet Springfield, Illinois 6 27 05 Telephone-. (217) 528-5604 Donald J, Kreger Louis P. Vitullo FRIEDMAN & KOVEN 208 S.. 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