HomeMy WebLinkAbout04/01/2004 EDC minutes
MINUTES
ECONOMIC DEVELOPMENT COMMISSION
2nd Floor Conference Room, Village Hall
Thursday, April 1, 2004
8:00 a.m.
The meeting of the Economic Development Commission (EDe) of the Village of Mount Prospect was held on
Thursday, April 1, 2004, in the second floor conference room of Village Hall, 100 South Emerson Street,
Mount Prospect, Illinois.
CALL TO ORDER
Chairman Norm Kurtz called the meeting to order at 8:00 a.m. Commissioners Pat Biedar, Bruce Gillilan,
David Lindgren, Ben Trapani and Tom Zander were present. Commissioner John Arndt was absent. Also
present were Mayor Skip Farley, Bill Cooney, Director of Community Development, and Mike Jacobs, Deputy
Director of Community Development.
APPROVAL OF MINUTES
The minutes of the February 5,2003 meeting were reviewed and approved unanimously.
OLD BUSINESS
Status Update
Mr. Cooney provided and overview of the status of several development projects around the Village. He
updated the Committee on Randhurst Shopping Center, Panera Bread, Krispy Kreme, Pool-o-Rama and Hintz
Lithograph. There was also general discussion regarding the multi-tenant development that includes Culver's
at the southeast comer of Dempster and Busse Road.
Mr. Cooney also provided an update on the downtown development activities and on the status ofthe Fannie
May location on Prospect and Main Street.
Downtown Development
Mr. Cooney indicated that the Downtown Redevelopment Ad Hoc Committee had presented their
recommendations to the Village Board at the February 24 Committee of the Whole Meeting. He stated that the
Village Board would be deliberating the contents ofthat document for the next few months before taking final
action. There was general discussion regarding the capacity of the TIP District and timing of all the proj ects.
NEW BUSINESS
2004 ED Bud2et
Mr. Cooney stated that the 2004 Economic Development Budget was approximately $30,000 and that he was
looking for input from the Commission on how these funds would best be utilized. The Committee discussed
the types of projects that could be undertaken including advertising in trade journals and magazines, attending
trade shows and sending direct mailings to targeted businesses. In addition, the concept of supporting local
events such as the Winter Parade and Block Party was discussed. The Commission asked Mr. Cooney to
formalize specific options for the Economic Development Commission to consider at their next meeting.
CHAIRMAN'S REPORT
There was no Chairman's report.
ADJOURNMENT
The meeting was adjourned at 9:00 a.ill.
Respectfully submitted,
William J. Cooney, Jr., AICP
Director of Community Development