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COMMITTEE OF THE WHOLE
A G E N D A
Meeting Location: Meeting Date and Time:
Board Room, 2nd Floor Tuesday, May 25, 1982
Public Safety Building 7:30 p.m.
112 East Northwest Highway
I. CALL TO ORDER - ROLL CALL
II. ACCEPTANCE OF MINUTES OF MAY 11, 1982.
III. MULTI -FAMILY REHABILITATION LOAN PROGRAM GUIDELINES
Last fiscal year, the Board and staff discussed the extension
of our Rehabilitation Programs to multi -family housing.
This fiscal year, we have budgeted $120,000 from the
Community Development Block Grant to implement such a
Program. Enclosed with the Agenda is a draft of
guidelines being proposed by the Community Development
staff. These guidelines define the amount of assistance,
the terms and interest rates of the loans, eligible
improvements and the conditions of the agreement. After
the Committee of the Whole approval in concept, these
guidelines will be reviewed by the area banks participating
in the program, the real estate industry and, subsequently,
the Village Attorney, We have a tentative target date
for implementing the program in August of this year.
The significant features of the guidelines center about
a 7% rehabilitation loan for multi -family structures to
correct health and safety code violations. The basic
loan will be administered through the financial institutions
and through the agreement between the property owner and the
Village, we will attempt to prohibit the new improvements
from raising the rent for existing tenants or terminating_
the leases of existing tenants. ANNEMMMEN
The Board should consider whether the guidelines are MAY
sufficiently broad and if the Board agrees with the
policy direction, it should authorize the staff to enter
into formal discussions with the financial institutions and
the Attorney for eventual implementation.
IV. BUSINESS REHABILITATION LOAN PROGRAM
The Business Rehabilitation Loan Program has been effect
for over a year and has not been effective primarily
because of the general state of the economy. Our current
Program provides an interest subsidy of one-half the market
rate up to 6% for loans of five years or less and 7% for
loans up to ten years. This has not been sufficient to
stimulate participation in the program. The proposal
prepared by the staff was developed after meeting with
representatives from the financial institutions and
the business community. The proposal would provide a
maximum loan up to $25,000 and the Village would subsidize
one-half of the market interest. The Village has available
$125,000 through its Community Development Block Grant
for this Programa If the Board concurs with these
changes, an Ordinance would have to be developed by
the Village Attorney amending our current Code.
V
Vi
SIGN ORDINANCE
The Mayor and Board of Trustees directed the staff to
review and revise,'where necessary, the Village's
existing Sign Ordinance, The existing Ordinance has
several defects and permits signs of a character in
size beyond that expressed as desirable by the Board,
Mayor Krause created an. Ad Hoc Sign Committee including
two members from the Chamber of Commerce, two members
of the Zoning Board of Appeals, two members of the
Planning Commission and two members of the Business
District Development and Redevelopment Commission. This
Committee began meeting on March 1, reviewing the
language of our Sign Ordinance, meeting with the sign
industry, and an urban designer who specializes in signs.
The Committee and the staff are now prepared to review
the progress of that work, its basic directions, and
recommend that the matter be taken to the Zoning Board
of Appeals for their review and input. The significant
features at this point include general staff administration
of the Sign Ordinance, the variations to be heard by the
Zoning Board of Appeals and a classification of signs and
their sizes based upon land use and access to major
roadways. Additionally, there is an amortization schedule
that would phase out existing non -conforming signs within
one to five years unless the property owner could prove
through their tax records that the amortization period
is insufficient.
MANAGER'S REPORT
1. Weller Creek
2. Landlord/Tenant Ordinance
VII. ANY OTHER BUSINESS
VIII.ADJOURNMENT
DEFERRED ITEMS
Development Code Administrative Update
Management Salaries
Fire and.,Police Commission Membership
Youth and Vandalism
Future Revenue Sources