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HomeMy WebLinkAbout7. MEETING NOTICES 08/19/08 MAYOR lrvana K. Wilks TRUSTEES Timothy J. Corcoran Paul Wm. Hoefert Arlene A. Juracek A. John Kom Steven S. Polit Michael A. ZadeI Village of Mount Prospect Community Development Department 50 South Emerson Street Mount Prospect, Illinois 60056 AGENDA ECONOMIC DEVELOPMENT COMMISSION MEETING LOCATION: 3rd Floor Executive Conference Room Village Hall 50 South Emerson Street Mount Prospect, Il 60056 MEETING DATE & TIME: Thursday August 21, 2008 8:00 a.m. I. CAll TO ORDER II. ROLL CALL III. APPROVAL OF MINUTES - June 19, 2008 meeting IV. OLD BUSINESS A. Development Update V. NEW BUSINESS A. 2008 Budget B. Commercial Waste Contract VI. CHAIRMAN'S REPORT VII. ADJOURNMENT VILLAGE MANAGER Michael E. Janonis VILLAGE CLERK M. Lisa Angell Phone: 847/818-5328 Fax: 847/818-5329 TDD: 847/392-6064 www.mountprospect.org Any individual who would like to attend this meeting, but because of a disability needs some accommodation to participate, should contact the Community Development Department at 50 S. Emerson, Mount Prospect, IL 60056, 847-392-6000, Ext. 5328, TDD #847-392-6064. MAYOR lrvana K. Wilks VILLAGE MANAGER Michael E. Janonis TRUSTEES Timothy J. Corcoran Paul Wm. Hoefer! Arlene A. Juracek A. John Kom 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 www.mountprospect.org MINUTES ECONOMIC DEVELOPMENT COMMISSION Executive Conference Room, Village Hall Thursday, June 19, 2008 8:00 a.m. The meeting of the Economic Development Commission (EDC) of the Village of Mount Prospect was held on Thursday, March 20, 2008 in the third floor Executive Conference Room in the Village Hall, 50 South Emerson Street, Mount Prospect, Illinois. CALL TO ORDER Chairman David Lindgren called the meeting to order at 8:00 a.m. Commissioners, Ken Fritz and Tom Lowe, Skip Robertson and Ben Trapani were present. Also present were Mayor Irvana Wilks, Bill Cooney, Director of Community Development and Brian Simmons, Deputy Director of Community Development. APPROVAL OF MINUTES The minutes of the March 20, 2008 meeting were reviewed and approved unanimously. OLD BUSINESS Development Update Mr. Cooney provided an overview of the status of several developments throughout the village. NEW BUSINESS Randhurst Redevelopment Plan Jim Conroy, Director of Development for Casto Lifestyle Properties, was introduced by Mr. Cooney. Mr. Conroy presented several visual boards displaying the proposed redevelopment plan for the Randhurst property. Mr. Conroy stated that his company was partnering with the current owner of the property, JP Morgan/Chase, to reinvigorate Randhust Mall. Mr. Conroy stated that the Mall is currently significantly vacant and that the trend in retail development was the lifestyle center concept. Casto is proposing to demolish the existing mall structure and construct a roadway through that area and develop a two-story retail/office development in its' place. The new retail would be anchored by a state of the art AMC Movie Theater located at the east end of the new roadway. Additionally, several new restaurant venues and a hotel would be located in the new development. Mr. Conroy indicated that Casto was also requesting the ability to develop rental housing in the northwest corner of the property in the future where the Chase Bank office building is currently located. Casto believes that adding residential units on the site would enhance the viability of the project. The EDC discussed the project and had several questions of Mr. Conroy. The general consensus of the commission was that the proposal would be a significant improvement over the current mall configuration and that it would be an excellent addition to the business community in Mount Prospect. CHAIRMAN'S REPORT None ADJOURNMENT The meeting was adjourned at 9:00 a.m. Respectfully submitted, William J. Cooney, Jr., AICP Director of Community Development C:\Documents and Settings\KDewis\Local Settings\Temporary Internet Files\OLK1\June 19.doc