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HomeMy WebLinkAbout02/05/2004 EDC minutes MINUTES ECONOMIC DEVELOPMENT COMMISSION 2nd Floor Conference Room, Village Hall Thursday, February 5, 2004 8:00 a.m. The meeting of the Economic Development Commission (EDC) of the Village of Mount Prospect was held on Thursday, February 5, 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.ill. Commissioners John Arndt, Pat Biedar, Bruce Gillilan, David Lindgren, Ben Trapani were present. Commissioner Tom Zander was absent. Also present were Bill Cooney, Director of Community Development, and Mike Jacobs, Deputy Director of Community Development and Jim Uszler, Executive Director, Mount Prospect Chamber of Commerce and member of the Downtown Redevelopment Ad Hoc Committee. APPROV AL OF MINUTES The minutes of the November 6,2003 meeting were reviewed and approved unanimously. OLD BUSINESS Status Update Mr. Cooney distributed the most recent Economic Development Update to the Commissioners for their review. He provided an overview of some of the major projects in town including the Randhurst renovation, the Downtown redevelopment and the pocket development at the southeast comer of Dempster Street and Busse Road. There was general discussion about those projects and other projects ongoing throughout the remainder ofthe Village. NEW BUSINESS Downtown Redevelopment Committee Mr. Cooney provided an overview of the Downtown Redevelopment Ad Hoc Committee recommendations for various sub-areas in the downtown. The Commission had several questions regarding the specific recommendations on the various sub-areas. Commissioner Lindgren and Jim U szler, both members of the Ad Hoc Committee, provided insight as to how the Ad Hoc Committee came to their conclusions. There was discussion regarding the upcoming Committee of the Whole Meeting February 24 and what the Economic Development Commission role should be. It was agreed that at least one representative should be present at the meeting to present support for the overall plan. In addition, it was agreed that the Economic Development Commission should s end a I etter to the Village Board indicating their support for the plan and for the possibility of an extension of a portion of the TIP for thirteen years. Commissioner Arndt motioned and Commissioner Biedar seconded that the Commission officially supports the recommendations ofthe Ad Hoc Committee and the extension of the TIP to enable the Village to complete the overall Downtown Plan. The motion was passed unanimously. CHAIRMAN'S REPORT There was no Chairman's report. ADJOURNMENT The meeting was adjourned at 9:15 a.ill. Respectfully submitted, William J. Cooney, Jr., AICP Director of Community Development WJC:bhs