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HomeMy WebLinkAboutOrd 4386 01/07/1992 ORDINANCE NO. 4386 AN ORDINANCE APPROVING THE TRIANGLE REDEVELOPMENT PROJECT ELIGIBILITY REPORT AND TRIANGLE REDEVELOPMENT PROJECT IN THE VILLAGE OF MOUNT PROSPECT, ILLINOIS PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 7th day of J~nuary , 1992 Published in pamphlet form by authorit~ of the corporate authorities of the Village of Mount Prospect, Illinois, the 13th day of January , 1992. ORDINANCE NO. 4386 AN ORDINANCE APPROVING THE TRIANGLE REDEVELOPMENT PROJECT ELIGIBILITY REPORT AND TRIANGLE REDEVELOPMENT PROJECT IN THE VILLAGE OF MOUNT PROSPECT, ILLINOIS. WHEREAS, the Village has caused to be prepared a document entitled "Triangle Redevelopment Project Eligibility Report" (hereinafter, the "Report") and a document entitled "Triangle Redevelopment Project" (hereinafter, the "Project"), pursuant to Village Ordinance No. 4386 for the real property legally described in Exhibit A attached hereto and made a part hereof (hereinafter, the "Proposed Triangle Redevelopment Project Area"), copies of which Report and Project are attached hereto and made a part hereof as Exhibits B and C~respectively; and WHEREAS, the Board of Trustees of the village caused a public hearing to be held and completed relative to, the Project and designation of the proposed Triangle RedevelopmeRt Project Area on December 17, 1991 at the Village's Senior c~nter; and WHEREAS, due notice with respect to such hearing was given by publication on December 6, 1991; and WHEREAS, the Report sets forth the conditions in the proposed Triangle Redevelopment Project Area qualifying the area as a "Conservation Area" and the Board of Trustees of the Village has reviewed testimony concerning said conditions and is generally informed of the conditions causing the proposed Triangle Redevelopment Project Area to qualify as a Conservation Area as defined in Village Ordinance No. ~<~4386 and as set forth in the Report; and WHEREAS, the Project sets forth a general outline of development objectives and design guidelines for development o~ redevelopment intended to reduce or eliminate those conditions, the existence of which qualify the proposed Triangle Redevelopment Project Area as a Conservation Area, as defined in village Ordinance No. 4386 and as set forth in the Report, and the Board of Trustees of the Village has reviewed and is informed of the Report and the Project. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS, IN THE EXERCISE OF ITS HOME RULE POWERS, AS FOLLOWS: SECTION 1: The Board of Trustees of the Village of Mount Prospect hereby makes the following findings: 1. The area constituting the proposed Triangle Redevelopment Project Area of the Village of Mount Prospect, Illinois is legally described in Exhibit A attached hereto and made a part hereof. 2. There exist conditions which cause the area proposed to be designated as the Triangle Redevelopment Project Area to be classified as a Conservation Area, as defined in village Ordinance No. 4'386 3. The Project sets forth a general outline of development objectives and design guidelines for development or redevelopment intended to reduce or eliminate those conditions, the existence of which qualified the proposed Triangle Redevelopment Project Area as a Conservation Area, as defined in village Ordinance No. 4386 ECTION 2: The Triangle Redevelopment Project Eligibility Report and Triangle Redevelopment Project, copies of which are attached hereto and made a part hereof as Exhibits B and C, respectively, are hereby adopted and approved. SECTION 3: The Village's giving of notice of the December 17, 1991 public hearing on the Project and designation of the proposed Triangle Redevelopment Project Area, by publication as aforesaid, is hereby ratified and approved. SECTION 4: This Ordinance shall be in full force and effect from and after its passage and approval as provided by law. PASSED_t. he followinq roll call vote this l/t~day of ~ANUAR¥ 199 92 AYES: Busse, Clowes, Corcoran, Floros, Wilks, Hoefert NAYS: None ABSENT: None ABSENT FROM COMMENT AND VOTE: APPROVED this __day of 199 J_~'Vi~lage Pr~sid6n~ EXHIBIT A Lot 1 in Wille's Reconsolidafion Plat; Lots 1, 19, 18 and the north 23.72' of Lot 17 in Busse & Wille's Resubdivision in Mt. Prospect; Lot A in Corporate Subdivision #8 Village of Mt. Prospect; Lot A in Corporate Subdivision #3 of Village of Mt. Prospect; all of Desiderata Subdivision and the north 150' of the west 157' of Lot 1 in Busse & Wille's Resubdivision in Mt. Prospect, all in the west 1/2 of the northwest 1/4 of Section 12, Township 41, Range 11 east of the Third Principal Meridian in Cook County, Illinois; and; Lot 1 in Novakovic's Resubdivision; Lot 1 in John Flowers' Resubdivision; and Lot 1 in Winkelman's Resubdivision; all in the east 1/2 of the northeast 1/4 of Section 11, Township 41, Range I1 east of the Third Principal Meridian in Cook County, Illinois. Permanent Index Numbers: 08-12-101-018 08-12-100-012 08-12-101-004 08-12-100-013 08-12-101-001 08-12-100-007 08-12-101-015 08-12-100-008 08-12-101-017 08-11-204-015 08-12-100-014 08-11-204-016 08-11-204-017 EXHIBIT 'B~ Triangle Redevelopment Pro_iect Eli_eibility Report (to be distributed) EXHIBIT C TRIANGLE REDEVELOPMENT PROJECT BACKGROUND The area of downtown Mount Prospect bounded by Northwest Highway, Central Road and Wille Street, like certain other areas of the Central Business District, has not been subject to growth and redevelopment by the private sector. Conditions of building age, deterioration, obsolescence and other factors indicate that physical and economic conditions would make this portion of the Central Business District eligible for redevelopment as a conservation area. This will allow the investment of public funds in accordance with an approved plan, in order to reduce or eliminate conditions leading to the designation as a conservation area. This designation is necessary as redevelopment is not anticipated without adoption of this redevelopment project. The following objectives and design guidelines shall serve as a framework for the project, to provide the basis for a coordinated redevelopment meeting the goals of the Village and the demands of the marketplace. OBJECTIVES AND DESIGN GUIDELINES A. Development Objectives 1. Create an innovative development that encourages a suburban scale mixed use project that explores all market potentials, is harmonious with the surrounding residential area and can attract residents of Northwest Cook County area. 2. Create a development that can stimulate other private sector investment in the triangle and adjoining areas, including new construction, expansion and rehabilitation. 3. Provide a development that can yield the highest possible real estate and sales tax to the Village consistent with other downtown development objectives. A financial analysis should be submitted so that revenue figures can be examined, 4. Protect and enhance the present retail and service businesses in the Downtown Area. 5. The redevelopment project shall serve to improve the image of the Downtown Area recognizing its potential as a focal point for the town center. B. Land Use 1. A full range of retail and service commercial uses together with select professional office space and residential should be encouraged. The concept of mixed commercial and residential and/or office space should be examined. 2. Residential development may be multi-family units with a building height not to exceed 6 stories. 3. Commercial development should focus on retail and service businesses. Specialty shops and convenience commercial are to be encouraged. An anchor user should be encouraged to attract a broad customer base to the redevelopment area. ~ 4. Office space should be designed for professional office users. 5. A portion of the site should be dedicated to a centrally located public open spa~e, sufficient for gatherings and community activities. This should serve as a major focal point in the Downtown Area. 6. A cultural arts facility should be encouraged. C. Development Character 1. New construction should be compatible with the existing character in the downtown area. 2. Taller buildings should be located in such fashion as to lessen the impact to surrounding residential uses. D, Design Guidelines 1. Provide attractive, well landscaped frontages along all public streets, and adequate screening and buffering around parking and loading areas. 2. An integrated site plan should reflect no physical barriers between land uses. 3. Brick construction is preferred for all buildings. No exposed block walls should be allowed on any building elevation. 4. The redevelopment area should include a unified streetscapo elements, including lighting, benches, graphics and brick paver sidewalks. Signage should blend with the development and complement its architectural character. E. Parking 1. Sufficient off-street parking should be provided to meet the demand of the proposed land uses. 2. Parking should be located in areas easily accessible from adjoining streets. 3. Parking should be assembled into unified lots or structures, with adequate provisions for short-term customer parking and long-term employee parking. -2- 4. Underground parking for residential units is encouraged. 5. The use of shared parking utilizing off-peak operating hours should be encouraged. F. Pedestrian Movement 1. Pedestrian access and movement through the site should be an important part of the plan. Public and private pedestrian sidewalks should be provided, and conflicts with automobile traffic should be minimized on-site. 2. Provide direct pedestrian connections from the redevelopment area to adjoining areas to encourage pedestrian movement to or from other adjacent commerdal areas. G. lrfllage Participation 1. The Village owns the 2.26 acre site on Pine Street. The municipality should consider flexible and innovative methods to convey this parcel to the selected developer. 2. The municipality should consider economic incentives proposed by the selected developer. 3. The Village should consider appropriate use of condemnation and land clearance of properties in order to implement redevelopment. 4. Vacation of existing public streets and alleys may be considered for the appropriate plan. 5. The Village may assemble property to the extent feasible, but also expects the selected developer to assemble and acquire property_ in the redevelopmem area. -3- Existing Tax Increment F,,inance Oist,,r,,ict~ / Adopted 1985 / Amended 1988 / ~----'-~ . ,. - --~.~