HomeMy WebLinkAbout12/08/1993 EDC MinutesMINUTES
ECOEOX I C DEVELOPWMT C'.OWN T SS T rM
Vednesday, December 8, 1993
8:30 A.M.
The sixth meeting of the advisory Economic Development
Commission for the Village of Mount Prospect was held on
Vednesday, December 8, 1993 at the conference room in the
Police/Fire Building, 112 East Northwest Highway, Mount
Prospect, Illinois.
I CALL TO ORDER
The meeting was called to order at 8:30 A.M. by Chairman,
James Ebbinghaus. Present were; Dale Jessie, Karen Johnson,
Ed Sroczynski and Ben Tripani. Also present were David
Strahl, Village of Mount Prospect and Janet Hansen, Xount
Prospect Chamber.
II. ROLL CALL
Roll call was taken and a quorum was determined to be
established.
III. APPROVAL OF MINUTES
Xotion was requested by Chairman Ebbinghaus, motion was
offered by Ed Sroczynski, seconded by Karen Johnson and the
minutes were approved without any changes.
IV. OLD BUSINESS
A. Small business Survey -New Format
This item was tabled due to the fact that not all
members had seen the final survey version. It will be
individually approved by Commission members before being
sent out to small business in the Village.
B. Action Plan- Update on Status
Karen Johnson reported: the subcommittee met( Dale Jessie,
Ben Fritz, Karen Johnson and Ed Sroczynski) more than once
to get an action plan on paper. Karen presented the notes
from the December 2, 1993 meeting and indicated that the
intent is to present a working "game plan" to the
Commission.
Basically, looking for a long range planning outline: how
are we putting our work together, continuing to collect data
as we have for 1993. Ve want to state a purpose: our
mission statement to be in support of that.
Economic Development Commission Xinutes Page two
December 8, 1993
IV. OLD BUSINESS
B. Action Plan - Update on Status Continued:
Our first step to follow in trying to accomplish our mission
was to collect the basic demographic data. next, to identify
"megatrends" for the 1 90's and beyond, not only in the
village of Mount Prospect but globally.
Karen outlined some key facts, identifying some issues and
opportunities. Ve need to pinpoint priorities, determine the
involvement of the EDC.
Jim Ebbinghaus stated that he will summarize the Large
Business survey results to the Village trustees and the
Xayor, as well as present a summary of the EDC activities.
And he will, after 1/15/94, send out surveys to the small
businesses in the village. He indicated that we would also
look into data collection and analysis in other areas:
utilities, sewer capacity, water quality, etc.
He said that we will also send out survey summaries to all
the respondents and some press releases to local news media
as to what the EDC is all about.
V. NEV BUSINESS
A. Development Incentives Overview- David Strahl
Dave Strahl outlined some of the thoughts the village staff
was discussing in terms of long range incentives, their
effectiveness, impact on the community, etc.
He also asked that the EDC should look at breaking out
incentives, such as: permit fee waivers vs. long term sales
tax incentives.
He invited the Commission members to attend the next
Committee of the whole meeting on December 14, 1993 at 7:30
P.X. in the Senior Center. They will be discussing
Incentives, and the village staff is looking for some input
from the EDC on incentives.
Economic Development Commission Minutes Page Three
December 8, 1993
Karen Johnson then gave us some examples of what sates
Randhurst merchants succeed and what helps then to fail:
business needs community support or it.will fail. Retailers
must meet the needs and wants of the customers or that
business will fail. Bringing in another Target type store
simply provides smaller slices of the pie for those stares
in the market area.
Janet Hansen presented copies of a letter sent to the Mount
Prospect Chamber by Trustee Clowes and also included a copy
of a letter he sent to two school district officials.
Copies attached.There was a small discussion about getting
local businesses to write to their legislators, etc. to let
them know what the business community is thinking about
these types of revenue generating issues. She also indicated
that the Chamber will be discussing the 2% utility tax and
it's impact on larger businesses in town.
Dave Strahl mentioned that ETA Circuit Breakers from Germany
is going to be building on a vacant parcel in the Kensington
Park.
VI. ADJ OURI METT
The meeting adjourned at 10:00 A.M.
The next scheduled meeting of the whole Commission is set
for January 12,1994 8:30 A.M. at American Cyanamid Company,
1100 Business Center Drive, Mount Prospect, Illinois.
Respectfully,