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HomeMy WebLinkAbout01/12/1994 EDC MinutesX I WTBS ECONOXIC DEVELOPXENT COXXISSIOR Veduesday, January 12, 1994 8: 30 A. X. The seventh meeting of the advisory Economic Development Commission for the Village of Nount Prospect was held on Vednesday, January 12, 1994 at 8:30 A.X. at the offices of the American Cyanamid Corporation,1100 Business Center Drive, Xount Prospect, Illinois. I. CALL TO ORDER The meeting was called to order by James Ebbinghaus, Chairman. Present were: Dale Jessie, Ben Tripani, John Riordan,Ed Sroczynski, Ken Fritz, Karen Johnson, Patrick O'Donnell and James Ebbinghaus. II ROLL CALL The roll was called and a quorum was established. III APPROVAL OF XINUTES A motion was requested by James Ebbinghaus for approval of the minutes of the January 5, 1994 EDC Xeeting.Ben Tripani moved and John Riordan seconded the motion. A unanimous vote to approve the minutes of that meeting. IV OLD BUSINESS C. Development Incentives( Out of agenda order) Ben Tripani reported on his visit to the coffee with the Trustees on Saturday, January 8, 1994. He made a motion to that group that they consider amending the Village rules so that James Ebbinghaus could stay on as Chairman even though he was moving from our community. Ben also proposed to our EDC group that a permanent liaison from the EDC be made to work with the Village Staff i Trustees. James Ebbinghaus reported that the Village staff will put together a specific proposal for Target and Home Depot in the nest few weeks that will address the concept of an Incentive Policy for the Village of Xount Prospect. Economic Development Commission Ninutes Page Two January 12, 1994 Jim stated that he felt comfortable with what we've been doing on Incentives so far, that the Village needs to meet with Alter to discuss their ideas on solution to this situation. Ken was asked to give his opinion on the Target solution ans he indicated that it was premature on his part to speculate as to what the Village would finally come up with as a proposal. Karen Johnson understood that Target has always received an incentive from a Village it wants to move into in the recent past. Jim wants to be sure that the soil is in fact poor and what is going to be the EDC's role. Do we join in discussions with the Board of Trustees? etc. Dale Jessie reiterated that there are two issues on the table: Target and Incentives in general. Patrick indicated that he was open minded to such incentives even though he'hadn't been able to get any help from the Village when he remodeled his store. He also favored public improvement assistance with no risk. John Riordan suggested that any policy be fair and equitable for all parties. Ben said that the.Village had to look at what other villages are doing so that they would be competitive. B. Business Survey Ken Fritz said that we are going to send out soon 120 small business surveys to complete that project. He will also try to get a list of available properties for sale or rent in the community, in order to develop an inventory of vacant and developed property. He also said that the Village is looking into classes of county tax abatement incentives. Closing comments were made by the following: James Ebbinghaus; Xike Jannonis has to bring us in earlier to these types of discussions. Economic Development Commission Xinutes Page Three January 12, 1994 Closing comments continued: Ben Tripani: Ve should have an EDC representative in all meetings, including with the staff of Target and Alter. Dale Jessie: I got the feeling that the EDC is not involved in AMY Target /Staff discussions. James Ebbinghaus: The EDC should meet with the Hoard and Village Staff in late January 1994. Each of us should write up our ideas and send them to Jim( about Target). Patrick O'Donell: EDC A XP should help small business become more solid, more profitable, more recognized in the community and bring more customers into our businesses..' V. Adj ournment The next meeting of the EDC is scheduled for February 2, 1994 at 8:30 P.X. at the Village Hall. James recommended that the EDC members attend the February 12, 1994 coffee with the Trustees at 9:00 A. X. Meting ad1 ourned at 10: 30 A. X.