HomeMy WebLinkAbout10/04/2001 EDC minutes MINUTES
ECONOMIC DEVELOPMENT COMMISSION
2nd Floor Conference Room, Village Hall
Thursday, October 4, 2001
8:00 a.m.
The meeting of the Economic Development Commission (EDC) of the Village of Mount Prospect was held on
Thursday, October 4, 2001 ~n the second floor conference room of Vdlage Hall, 100 South Emerson Street,
Mount Prospect, Ilhnols
CALL TO ORDER
Chmrman Norm Kurtz called the meeting to order at 8 00 a m Commissioners John Amdt, Brace Gdhlan and
Ben Trapam were present Commlss~onersPatB~edar, Kev~nDavlesandDav~dL~ndgrenwereabsent Also
present were Wdham J Cooney, D~rector of Community Development, Madele~ne Frankhn, Executive
D~rector of the Mount Prospect Chamber of Commerce, and Tom Zander of White Pinker Fence Realty
APPROVAL OF MINUTES
The m~nutes of the June 7, 2001 meeting were reviewed and approved unammously
OLD BUSINESS
Status Update
Mr Cooney prowded a general overview of several projects In the Vdlage Them was d~scusslon regardmg the
current condition of Randhurst and possible tenants for that center Mr Cooney also ~nd~cated that Mr Davies
would soon be leaving Randhurst for a s~mllar positron m Fort Worth, Texas Mr Cooneythen prowded an
update of the following projects Autobam, Randhurst Crossings, Andrews Products, Albany Molecular
Technology, Mount Prospect Plaza and the Sunrise retail development
Mr Cooney also ~nd~cated that the Downtown development projects were moving along on schedule He
~nd~cated that The Comer Bakery was the first tenant of the Lofts and Shops Project and that staff was
following-up on several leads There was d~scuss~on concerning the condttlon ofthe Dorett~ Shopping Plaza
andtheposslbfl~tyofextend~ngthateenter~ntoadjacentpropertles Mr Tmpanl also tnd~cated that he thought
the Village needed to move forward on the redevelopment of the small triangle block on the northwest comer
of Northwest H~ghway and Route 83 Mr Cooney explatned the current financial s~tuatlon of the T1F and that
~t would be very difficult for the Vdlage to aggresstvely pursue addttmnal acqmsltlons over the next few years
NEW BUSINESS
Imaeing Camoalgn for the Vdla~e of Mount Prospect
Mr Cooney distributed a memorandum and attachments that provided background on the concept of an
Imaging Campmgn for the Village He mdtcated that, over the next eighteen months, the Vdlage would be
conducting surveys of Mount Prospect residents and businesses and of s~mflar people m surrounding
commumtles to determine their views on Mount Prospect He mdrcated that the intent would be to determine
the positive attributes ofthe Village and to market those throughout the regmn He mdmated ~t would also be
an opportumtyto determine negative conceptions of the Village and to address those m an appropriate manner
The Economic Development Commlsston supported the concept of the Imaging Program and indicated an
interest in partm~pat~ng In that program
conomm Development Commission
October 4, 2001 M~nutes
Page 2
EDC Goals for 2002
There was general d~scusslon about goals for the upcoming year for the Economic Development Commission
It was suggested that each member prepare speeffic goals that they w~sh the Comm~ssmn to address over the
next year and be prepared to d~scuss the matter further at the December meeting Mr Kurtz mdmated that he
thought ~t would be appropriate for the EDC to request a meeting w~th the Vdlage Board to d~scuss their goals
early ~n 2002 He felt tt would be beneficial to hear from the Board on what their expectations were of the
Commission There was general consensus that such a meeting would be benefimal for all ~nvolved
CHAIRMAN'S REPORT
There was no Chatrman's Report at th~s meeting
ADJOURNMENT
The meeting was adjourned at 9 00 ~.m The next meeting wall be held on December 6th
Respectfully submitted,
D~rector of Commumty Development