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Home My WebLink About3.1 MinutesREGULAR MEETING OF THE MOUNT PROSPECT VILLAGE BOARD - 7:00 PM Tuesday, August 18, 2020 1, CALL TO ORDER Meeting was called to order by Mayor ]uracek at 7:02pm in the third floor Boardroom at Mount Prospect Village Hall, 50 S. Emerson Street. 2, ROLL CALL Members present upon roll call by the Village Clerk: Arlene A ]uracek, Colleen E Saccotelli, Eleni Hatzis, Michael A Zadel, Paul Hoefert, Richard F Rogers, and William A Grossi Absent: None 2.1 Pledge of Allegiance - led by Trustee Hatzis 2.2 Invocation - provided by Trustee Grossi 3, APPROVAL OF MINUTES 3.1 Minutes of the Regular Meeting of the Village Board - August 4, 2020 and Minutes of the Special Meeting of the Village Board - August 11, 2020 Motion to approve the minutes as presented Motion by Paul Hoefert, second by Colleen E Saccotelli. Yea: Colleen E Saccotelli, Eleni Hatzis, Paul Hoefert, Richard F Rogers, Michael Zadel, William Grossi Final Resolution: Motion Passed 4, MAYORS REPORT 4.1 ACCOLADES Village Clerk Karen Agoranos administered the oath of office to Lieutenant Todd Novak as Battalion Chief Board of Fire and Police Commission Chair Jim Powers administered the oath of office to Firefighter/Paramedic Jon Schram as Lieutenant Fire Chief Brian Lambel honored Firefighter/Paramedic Kevin Swat with the MABAS Humanitarian Service Award for his heroic commitment and response to the 2019 Mississippi and Illinois River Flooding incident. 5. COMMUNICATIONS AND PETITIONS - CITIZENS TO BE HEARD Mark de Souza Business Owner Revolution Global/New Age Care • Mr. de Souza addressed the Board to express his disappointment with the Board's decision to move forward with a referendum regarding the sale of recreational cannabis in Mount Prospect. Mr. de Souza cited the 2018 Cook County cannabis 2 referendum where 60% of Mount Prospect voters voted to support the legalization of adult use recreational cannabis in Illinois. Mr. de Souza stated New Age Care has proven to be good corporate citizens and respectable stewards of the community. Mr. de Souza expressed his desire to remain in Mount Prospect but stated he is contemplating moving his business to neighboring town(s) where he can expand his business to include the sale of recreational cannabis. Mr. de Souza urged the Board to reconsider their decision if the results of the referendum question support the sale of recreational cannabis in Mount Prospect. A brief discussion followed. There was general consensus amongst the Board to reintroduce the ordinance allowing the sale of recreational cannabis in Mount Prospect after the November 3 election. 6. CONSENT AGENDA 6.1 List of Bills - July 29, 2020 to August 11, 2020 - $1,995,192.49 6.2 Motion to waive public bidding and accept proposal for a new tower and microwave antenna link by Critical Technologies for the Public Works /Emergency Operations Center building at 1700/1720 W. Central Road, in an amount not to exceed $55,951.50. Motion to approve the Consent Agenda as presented Motion by Michael A Zadel, second by Paul Hoefert. Yea: Colleen E Saccotelli, Eleni Hatzis, Michael A Zadel, Paul Hoefert, Richard F Rogers, William Grossi Final Resolution: Motion Passed 7, OLD BUSINESS None 8, NEW BUSINESS 8.1 1st reading of AN ORDINANCE APPROVING A THIRD AMENDMENT TO THE REDEVELOPMENT AGREEMENT FOR THE MAPLE STREET LOFTS DEVELOPMENT COMPRISING A PART OF THE PROSPECT AND MAIN TIF DISTRICT OF THE VILLAGE OF MOUNT PROSPECT, ILLINOIS Mayor Juracek stated the Board received several emails and public comment forms from residents expressing concern, support and questions regarding this agenda item. Village Manager Michael Cassady responded to each email directly. Mayor Juracek stated it is important to note that this Caputo's (Angelo Caputo's Fresh Market) is a different business entity from the Caputo's stores that have recently closed. Mayor Juracek noted that the Board toured the Caputo's flagship store and were very impressed with the operation and aesthetics of the store. Director of Community Development Bill Cooney presented the third amendment to the Redevelopment Agreement for the Maple Street Lofts project. Mr. Cooney stated the amendment has three key components: • TIF assistance for Caputo's Fresh Market to occupy retail space in the development • Formalizes easement rights • Modifies project timeline to extend completion date from 12/31/2021 to 5/31/2023 3 Mr. Cooney stated staff has worked to secure a grocery store in our downtown area for over 25 years. Village staff, along with the developer of the Maple Street Lofts project, Nicholas and Associates, have worked to recruit a grocer to occupy a key retail space as part of the development. Nicholas and Associates has been working with Caputo's Fresh Market to fill this role. Mr. Cooney stated Caputo's is a successful grocer, operating seven (7) groceries in the west and northwest suburbs. The proposed Mount Prospect location is a new neighborhood market concept for Caputo's. Mr. Cooney reviewed highlights of this new concept and provided a brief background of Caputo's other locations. Mr. Cooney reviewed Caputo's financial assistance package that is a component of the amendment to the Redevelopment Agreement. Mr. Cooney stated the financial package is a mix of TIF funds and sales taxes generated by the project. Mr. Cooney stated the Village would cover one-third of the build out cost for the grocery totaling $629,708. An upfront payment of $300,000 would come from the TIF fund balance. The balance would come from increment generated by the Maple Street Loft project. The remaining portion of the build out cost is shared between the developer and Caputo's. In addition, Mr. Cooney stated the Village would reimburse $883,189 of sales taxes over 10 years, payable only if sales taxes are generated by Caputo's. The total incentive would be up to $1,512,896. If the project is approved, Caputo's would open around May, 2021. Mr. Cooney displayed a map that addressed some concerns regarding customer parking. Mr. Cooney added that the proposal includes 56 on -street parking spaces, 34 spaces reserved for retail and an additional 47 public spaces in the new Maple Street Parking Deck. Mr. Cooney stated staff supports the proposed amendment to the Redevelopment Agreement. In response to a question from the Board, Mr. Cooney reviewed comparable financial agreements that neighboring municipalities executed with other retail grocers. This concept is considerably smaller in square footage; the size is closer to Trader Joe's, however, staff was unable to find a comparable agreement involving a Trader Joe's location. Nick Papanicholas (Nicholas and Associates) responded to a question from the Board, stating the entire build -out is approximately $125 per square foot; the Village's contribution totals $42 per square foot. Dominic Connena, Chief Financial Officer for Angelo Caputo's Fresh Market, addressed the Board and stated the Caputo's family is excited to bring this grocery concept to Mount Prospect. Mr. Connena stated the market will feature a cafe'.bakery, deli and seafood market. Board Comments: Long-awaited, exciting concept Board received financial analysis and justification from the Village's TIF advisors, SB Friedman Development Advisors Project has been vetted financially Angelo Caputo is a well-respected and successful grocer • Community has been requesting a downtown grocery store for many years Key component to the success of this development • $300,000 is well worth the investment; the grocer is bearing the financial risk • Supports the Caputo"s concept but questioned the incentive to make this happen; requested comparable (s) . Village Manager Michael Cassad y responded, stating staff Ell searched for a viable comparable but was unable to find one that fit this scenario; this is a new concept Additional information is needed to make an informed decision • Confident that staff explored and presented the most fiscally responsible agreement The Village's investment is financially worthy Benefits the entire downtown This project will serve as an important anchor in our downtown Pleased to welcome a viable, quality tenant Public Comment: Terri Gens Resident Long-time patron of Caputo's; they provide great customer service, quality products and a pleasant shopping experience Questioned why staff is requesting waiver of the second reading. Mr. Cassady responded, stating the project is behind schedule; waiving the second reading is critical to ensure the project timeline aligns with the development. Requested explanation regarding the structure of the agreement and asked if this was a partnership with the Village. Mayor Juracek responded, stating there is no partnership with the Village; the structure of the agreement is detailed in documents attached to the agenda. Mayor Juracek clarified the build -out expenses are equally shared between the Village, developer and Caputo's; each contributing one-third of the cost. The Village's portion will come in the form of an up -front payment ($300, 000) from TIF funds and the remainder will be paid overtime, derived from TIF increment. Mayor Juracek noted that TIF increment funds will be utilized only for the build -out; rent subsidies will be drawn from sales tax generated by the project. Mayor Juracek also noted that the developer and tenant are bearing the majority of the risk. Motion to waive the rule requiring two readings of an ordinance Motion by Michael A Zadel, second by Paul Hoefert. Yea: Colleen E Saccotelli, Eleni Hatzis, Michael A Zadel, Paul Hoefert, Richard F Rogers Nay: William Grossi Final Resolution: Motion Passed Motion to approve the ordinance as presented. Motion by Paul Hoefert, second by Colleen E Saccotelli Yea: Colleen E Saccotelli, Eleni Hatzis, Michael A Zadel, Paul Hoefert, Richard F Rogers Nay: William Grossi Final Resolution: Motion Passed Ordinance No. 6526 9, VILLAGE MANAGER'S REPORT No report 10. ANY OTHER BUSINESS None 11. ADJOURNMENT There being no further business to discuss, Mayor Juracek asked for a motion to adjourn. Trustee Hoefert, seconded by Trustee Saccotelli moved to adjourn the meeting. By unanimous voice vote, the August 18, 2020 meeting of the Village Board adjourned at 8:32 pm. X