HomeMy WebLinkAbout1723_001Clerk's Office
COMMITTEE OF THE WHOLE
AGENDA
Meeting Location: Meeting Date and Time:
Board Room, 2nd Floor Tuesday, March 26, 1985
112 East Northwest Highway 7:30 p.m.
I. CALL TO ORDER - ROLL CALL
II* ACCEPTANCE OF MINUTES OF MARCH 12, 1985
III, CITIZENS TO BE HEARD
IV* TAX INCREMENT FINANCING DISTRICT PROPOSAL
Through a series of previous meetings, the staff was instructed
to evaluate the potential for redevelopment in the downtown
business district using Tax Increment Financing. In 1984, the
consulting firm of Trkla, Pettigrew, Allen and Payne was employed
by the Village to assess those areas of the business district
that would conform to the intent of the regulations of the Tax
Increment Financing legislation. That report was presented to
the Board and the public late in 1984 and it was concluded that
the Central Business District did meet the requirements of the
legislation.
Based upon those initial findings, the staff was directed to
prepare additional analysis as to the feasibility of Tax Incre-
ment Financing and a tour of a metropolitan suburban community
which had successfully utilized Tax Increment Financing was
conducted. Representatives from the local business community,
school districts, park and library districts attended the tour.
Since that time, the Village staff has continued to work with the
consultant and has interviewed potential developers as to their
concept of potential redevelopment.
The staff is now prepared to present some alternate redevelopment
areas within the Central Business District that could be funded
through Ta-,.--.. Increment Financing. These alternatives have been
put together using the guidelines expressed by the Board and the
community at prior meetings. The presentation will include
estimated costs, potential development uses and the boundaries of
the District alternatives. Interested governmental agencies,
specific business leaders and community -interest groups have been
invited in writing to attend this meeting. The Board should
consider the scope of the proposed redevelopment areas, the
feasibility of implementation and direct the staff as to whether
or not further work should be engaged in any of the alternatives.
In order to maximize the benefit of the Tax Increment Financing,
it would be beneficial to the Village to have the necessary Tax
Increment Financing District Ordinances adopted by June 18,
V. GREATER WOODFIELD CONVENTION AND VISITORS BUREAU
The Village has been approached by the Greater Woodfield Conven-
tion and Visitors Bureau seeking our participation in a grant
request to the State of Illinois Local Tourism and Convention
Bureau. Attached is a presentation prepared by the Woodfield
Convention Bureau that summarizes their planned activities to
stimulate convention and tourism business within a sub -region of
the northwest suburbs.
As of the preparation of the Agenda, they are seeking a $2,000
membership fee from the Village of Mount Prospect. Fees by the
other member communities are being funded through their local
Hotel Tax. State Statutes on Hotel Tax stipulate that its
purpose be used for convention and tourism business. The Village
of Mount Prospect has no such Tax but the Board has the option of
instituting such a Tax using General Fund revenues or increasing
local business license fees, Mount Prospect has fewer than 175
hotel/motel rooms within the community and there is little
likelihood in the future that this room base will be expanded.
Since businesses tend to benefit more directly from such Conven-
tion Bureau expenses, the Board may want to consider increasing
our Business License fee. A 5% increase in the Business 'License
fees across the board would produce sufficient revenue to fund
this request. Another approach is for a 50/50 funding arrange-
ment with the business community raising their share among
themselves*
Representatives from the Greater Woodfield Convention and
Visitors Bureau and the local Chamber of Commerce have been
invited to the meeting,.
VI. NORTHWEST MUNICIPAL CONFERENCE CABLE TV STUDIO PROPOSAL
The Northwest Municipal Conference has deferred action on a
proposal to institute a municipal cable tv studio. Studio
facilities and equipment would continue to be supplied by
Cablenet but the Municipal Conference would provide operational
people that would serve as skilled crew members for participating
communities and their local productions. Attached is a report
from Karen Giet, the Village's Cable Coordinator* I
If the proposal moves ahead at the Conference level, it will not
include all member communities. The Board will have to consider
whether it wants to participate in the Conference's Program if
the Conference decides to proceed. The Conference expects to
take a vote on this matter at its April 10 meeting.
The Committee of the Whole initiated discussions about the
I
revised, Development Code in Jafor to
nuary of this year just pr,
the beginning of our Budget Hearings, Because of the length and
complexity of the document, the decision to place it on a, regular
Village Board Agenda was postponed. Staff from the Department of
Community Development and the Engineering Division will be
available to answer your questions.
The Development Code modernizes certain standards for roadways,
4,
curb and,, gutter,, drainage, parking, lots and development review
procedures&' The stand,ards are modeled after, generally accepted
engineering principles and are intended to strengthen public
improvements installed, or redeveloped, in the future,
..........
1. Lake Water
20 ICC Hearing -Railroad Station
3, Central Dispatch
IX. ANY OTHER BUSINESS
X. ADJOURNMENT
DEFERRED ITEMS
Citizens Utilities Acquisition
Safety Bonus System
Traffic Ordinance Sunset Provisions
Citizens Utilities Rate Case
Board Voting Procedures