HomeMy WebLinkAbout11/23/2004 COW agenda
COMMITTEE OF THE WHOLE
AGENDA
Meeting Location:
Mount Prospect Village Hall
50 South Emerson Street
Meeting Date and Time:
Tuesday, November23,2004
7:00 p.m.
I.
CALL TO ORDER - ROLL CALL
Mayor Gerald L. Farley
Trustee Timothy Corcoran Trustee Michaele Skowron
Trustee Paul Hoefert Trustee Irvana Wilks
Trustee Richard Lohrstorfer Trustee Michael Zadel
II.
ACCEPTANCE OF MINUTES OF NOVEMBER 9, 2004
III.
CITIZENS TO BE HEARD
IV.
SUB-AREA #3 - ROW HOME DEVELOPMENT PRESENTATIONS
A key redevelopment area in downtown Mount Prospect's Tax Increment Financing (TIF)
District is the east side of Emerson Street between Central Road and Busse Avenue.
Commonly known as Sub-Area #3, this stretch of property located directly east of the Village
Hall/Library block has been earmarked for redevelopment with "Chicago style" row homes
almost since the creation of the TIF District in the late 1980s. Two Ad Hoc Citizen
Committees within the last ten years have reconfirmed that row homes are the best reuse of
the property.
The Village has owned three parcels of land (formerly single-family homes) at the north end
of the block for over a decade. Recently, the Village acquired the Bank One Annex Lot
directly south of, and abutting the three parcels. This created a unified parcel large enough
to support a row home development. The south end of the block contains two single-family
homes that are earmarked for eventual redevelopment as a public green space.
On October 1, 2004, "Request for Proposals" was issued by the Village soliciting
design/purchase proposals for a row home development. Eight proposals were received.
Based on rankings by each Village Board member, a "short list" of four proposals was
established. The four finalists have been invited to make more detailed presentations to the
Village Board at the November 23,2004 Committee of the Whole meeting. It is anticipated
that a preferred developer will thereafter be identified.
Members of the Downtown Redevelopment Ad Hoc II Committee and the Economic
Development Commission have been invited to attend Tuesday evening's meeting. Staff will
also be present to answer questions and facilitate discussion.
NOTE: ANY INDIVIDUAL WHO WOULD LIKE TO A TTEND THIS MEETING BUT BECAUSE OF A
DISABILITY NEEDS SOME ACCOMMODA TlON TO PARTICIPA TE, SHOULD CONTACT THE VILLAGE
MANAGER'S OFFICE AT 50 SOUTH EMERSON, MOUNT PROSPECT, ILLINOIS 60056, 847/392-6000,
EXTENSION 5327, TDD #847/392-6064.
V.
VILLAGE MANAGER'S REPORT
VI.
ANY OTHER BUSINESS
VII.
ADJOURNMENT
CLOSED SESSION
PROPERTY ACQUISITION
5 ILCS 120/2 (c) (5). "The purchase or lease of real property for the use of the public
body."