HomeMy WebLinkAbout03/11/2008 COW agenda
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AGENDA
Meeting Location:
Village Board Room, Mount Prospect Village Hall
50 South Emerson Street
Meeting Date and Time:
Tuesday, March 11, 2008
7:00 p.m.
I. CALL TO ORDER - ROLL CALL
Mayor Irvana Wilks
Trustee Timothy Corcoran
Trustee Paul Hoefert
Trustee Arlene Juracek
Trustee John Korn
Trustee Michael Zadel
Trustee Richard Lohrstorfer
II. ACCEPTANCE OF MINUTES OF SEPTEMBER 25, 2007
ACCEPTANCE OF MINUTES OF JANUARY 22,2008
ACCEPTANCE OF MINUTES OF FEBRUARY 12,2008
III. CITIZENS TO BE HEARD
VI. SUB AREA #1 REDEVELOPMENT PROPOSAL.
The Heimbaugh Capital Development Corporation (HCDC) has presented the
Village with a redevelopment plan for the "small triangle" area that is referred to as
Sub-area #1 in the Downtown TIF District Strategic Plan. Sub-area #1 is bounded
by NW Highway on the south, Main Street on the east, Wille Street on the west and
the Village parking lot to the north.
HCDC's plan calls for the construction of 105 residential condominium units and
35,000 square feet of commercial space that would be supported by a 268 space
parking structure. The project would be built in two phases over a three-year period.
The first phase would include a 7 -story mixed use structure that would consist of 65
residential units and 20,000 square feet of retail space and be located along Wille
Street. The 268 space parking garage would also be constructed as part of phase
1. A 6-story mixed use structure would be built in phase two at the corner of NW
Highway and Main Street. The proposal includes an internal plaza that would
provide unique outdoor dining opportunities and an area for public gatherings. In
addition, the plans provide for several private landscaped roof terraces and rooftop
gardens.
NOTE: ANY INDIVIDUAL WHO WOULD LIKE TO ATTEND THIS MEETING BUT BECAUSE OF A
DISABILITY NEEDS SOME ACCOMMODA TlON TO PARTlCIPA TE, SHOULD CONTACT THE VILLAGE
MANAGER'S OFFICE AT 50 SOUTH EMERSON, MOUNT PROSPECT, ILLINOIS 60056, 847/392-6000,
EXTENSION 5327, TDD #847/392-6064.
The proposal would be a public/private partnership between the Village of Mount
Prospect and HCDC for the redevelopment of Sub-area #1. Details will be provided
at the meeting regarding the Village's proposed participation in the project. A
redevelopment agreement between HCDC and the Village would detail the financial
obligations of each party.
Tonight's meeting will be the first of several public forums to provide interested
parties the opportunity to comment on the project. Subsequent public hearings will
be held before the Planning and Zoning Commission and Village Board for
consideration of a Planned Unit Development.
Sub Area #1 property owners have been notified about the meeting. Mr. Heimbaugh
and appropriate staff will be on hand to answer questions and facilitate discussion.
V. MANAGER'S REPORT
VI. ADJOURNMENT