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HomeMy WebLinkAboutOrd 4469 09/15/1992 ORDINANCE NO. 4469 AN ORDINANCE AMENDING THE CODE OF ORDINANCES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 15th day of september , 1992 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois, the 17th day of September , 1992. ORDINANCE NO. /~/4 6 9 AN ORDINANCE AMENDING THE CODE OF ORDINANCES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS BE IT ORDAINED by the President and Board of Trustees of the Village of Mourn Prospect, Cook County, Illinois, acting in the exercise of their home rule power; SECTION ONE: That a new Article XVI, entitled the Village of Mount Prospect Economic Development Commission, shall be added to Chapter 5 of the Mount Prospect Village Code to be and read as follows: "ARTICLE XVI THE VILLAGE OF MOUNT PROSPECT ECONOMIC DEVELOPMENT COMMISSION Section 5.1601, Purpose It is recognized by the President and Board of Trustees of the Village of Mount Prospect that the economic stability of the Village is dependent on a strong and diverse commercial base. A municipality which desires to attract and retain a vital business community must be sensitive to the complex factors which influence today's marketplace. It is also recognized that Mount Prospect currently has a wealth of expertise of business leaders within the community who are familiar with the peculiar problems and strengths of the Village. For this reason, it is desirable to form a comnussion that draws upon the talcms of these leaders to optimize Mount Prospect's opportunities to attract and retain successful businesses. Section 5.1602. Creation and Membership There is created a permanent commission which shall be known as the Village of Mount Prospect Economic Development Commission. The membership of this Commission, including the Chairman, shall be appointed by the Village President with the advice and consent of the Board of Trustees and shall be constituted as follows: A. The Economic Development Commission shall consist of seven members. In addition, the Economic Developmem Coordinator of the Planning Department shall serve ex-officio. B. The initial appointment shall be for the following terms: 1. 2 members - 2 years; 2. 2 members - 3 years; and 3. 3 members - 4 years. Thereafter, each appointment shall be for four years. C. Economic Developmem Commission members shall be Chief Executive Officers or similar managerial positions of businesses or corporations in the Village, business owners or emrepreneurs, or residents with expertise in business development. The Chairman shall be a resident of the Village. D. The membership shall be broadly representative of the business community in the following respects: 1. Geographical location; 2. Type of business, i.e. retail, real estate, financial, industrial and service; 3. Educational background; and 4. Experience background. E. Immediately upon its organization, the Economic Development Commission shall select from its membership a vice chairman and a secretary. The person so selected shall serve for terms of one year and may be re-elected. Section 5.1603. Meetings A. The Economic Development Commission shall meet as required but at least on the first Thursday of each March, June, September and December. Special meetings may be called by the Village President, the Economic Development Commission Chairman, or by any four members of the Economic Development Commission. B. The Economic Development commission shall adopt rules for the conduct of its meetings and keep written minutes of all meetings and proceedings. C. A copy of all minutes shall be forwarded to Village Clerk for official records. D. All meetings of the Economic Development Commission shall be public and its minutes shall be available for examination during regular business hours. Section 5.1604. Ob|eetive and Role of the Economic Development Commission The objective of the Economic Development Commission shall be to encourage and facilitate economic growth throughout the Village. The Economic Development Commission shall function as advisor to the Village Board on the following economic development goals and objectives: A. Develop a local Economic Development Action Plan B. Prepare appropriate economic developmental promotional materials C. Evaluate and select promotional opportunities for local business development efforts D. Target specific companies or industries for business attraction efforts E. Participate in the Business Visitation Program and evaluate findings of program progress. F. Develop standards for use in evaluating economic impact of new or expanding businesses, or business relocations G. Identify areas of joint interest for projects with the Mount Prospect Chamber H. Recommend and evaluate legislative action of the Village Board whose purpose would be the assurance of the health of the Mount Prospect business community. Section 5.1605. Annual Renort. Each December, the Economic Development Commission shall make an annual report to the President and Board of Trustees with respect to the following: A. Business development in the Village within the past twelve (12) months; B. Current general business climate within Mount Prospect; C. Specific activities of the Economic Development Commission within the past twelve (12) months; D. Economic prospects and trends for the Village; E. Recommendation of measures with respect to economic development that should be considered by the Corporate Authorities in the following twelve (12) months." SECTION TWO: That all ordinances or parts of ordinances in conflict herewith are hereby repealed. -2- SECTION THREE: That this Ordinance shall be in full force and effect from and after its passage and publication in pamphlet form in the manner provided by law. AYES Busse, Floros, Hoefert, Wilks NAYS C 1 owe s ABSENT Corcoran PASSED and APPROVED this 15th day of September , 19 92. Carol ~ Fields, Village Clerk -3-