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HomeMy WebLinkAbout08/17/2006 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: 847/818-5329 TDD: 847/392-6064 MINUTES ECONOMIC DEVELOPMENT COMMISSION 1st Floor Community Center, Village Hall Thursday, August 17, 2006 8:00 a.m. The meeting of the Economic Development Commission (EDe) of the Village of Mount Prospect was held on Thursday August 17, 2006 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.ill. Commissioners Tom Castagnoli, Skip Robertson, Bruce Gillilan, Ben Trapani, and Tom Zander were present. Commissioner Ken Fritz was absent. Also present were Bill Cooney, Director of Community Development, Ellen Divita, Deputy Director of Community Development, Jason Zawila, Long Range Planner, and Cathy Maloney. APPROVAL OF MINUTES The minutes of the June 15,2006 meeting were reviewed and approved unanimously. OLD BUSINESS Development Update Mr. Cooney advised that activity was picking up in Sub-Area Number 1 in downtown. He stated that demolition had begun on five structures in downtown and the Blues Bar Restaurant would begin construction by the end of September. Mr. Cooney also indicated that Opus had begun earth work for the two large industrial buildings on Dempster and Linneman Roads. In addition, Hamilton Partners would soon begin construction of a 40,000 square foot medical facility for Alexian Brothers on the former Twin Links property on Rand Road. 2006 Economic Development Budget Mr. Cooney handed out a detailed budget for the 2006 Economic Development Program. The Commission reviewed year-to-date expenditures and discussed how to spend the remaining Economic Development funds in 2006. EDC Business Breakfast Mr. Cooney stated that the Bristol Court Banquet Facility was reserved for October 19, 2006 from 7:30-10:00 a.ill. He indicated that invitations would be sent to all participants in the Business Retention Program. The Commission discussed who to invite to the breakfast. It was agreed that local industrial brokers, elected officials, current developers, and representatives from both CornEd and Enterpriz Cook County should be invited. Commissioners Gillilan and Zander agreed to represent the Commission as a sub-committee and work with Staff to make final arrangements for this event. NEW BUSINESS Status Report from Cathy Maloney Economic Development Commission August 17,2006 Minutes Page 2 Mr. Cooney introduced Cathy Maloney to the Commission. He indicated that Ms. Maloney has been working for the Village on retail recruitment since March of this year. Ms. Maloney provided a general over-view of her activities to date. She indicated that she has visited dozens of retailers in surrounding communities that would make a good niche in Mount Prospect. She stated she is primarily focusing her efforts in the downtown area, but she also works with owners of shopping centers throughout town to fill vacancies. She indicated that she is focusing efforts on locating a small grocer and restaurants for the downtown. Comprehensive Plan Update Chairman Lindgren asked that discussion on the Comprehensive Plan be deferred due to the length of the current meeting. There was general discussion and it was agreed that the EDC would meet on September 21, 2006 from 8:00-9:00 a.m. to discuss the comprehensive plan and then make their business retention visits later that morning. All Commissioners present indicated they would be available for the meeting and the business visits. CHAIRMAN'S REPORT There was no Chairman's Report ADJOURNMENT The meeting was adjourned at 9: 15 a.ill. Respectfully submitted, William J. Cooney, Jr., AICP Director of Community Development WJC:sld C:\Documents and Settings\kdewis\Local Settings\Temporary Intemet Fi1es\OLK6B\Aug 17.doc