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HomeMy WebLinkAbout2006-01-23 Special Meeting MinutesMINUTES OF THE JANUARY 23, 2006, SPECIAL MEETING OF THE BOARD OF TRUSTEES OF THE VILLAGE OF MORTON GROVE RICHARD T. FLICKINGER MUNICIPAL CENTER -TRUSTEES CONFERENCE ROOM 6101 CAPULINA MORTON GROVE, ILLINOIS 60053 Pursuant to proper notice as provided by the Illinois Open Meetings Act, the Special Meeting was called to order at 5:04 pm by Mayor Krier. Corporation Counsel Teresa Hoffman Liston called the roll In attendance were: Elected Officials: Mayor Richard Krier, Trustees Georgianne Brunner, Dan DiMaria, Rita Minx, Dale Senensky, and Dan Staackmann Village Staff: Administrator Joseph F. Wade, and Corporation Counsel Teresa Hoffman Liston, Finance Director Scot Neukirch, Community and Economic Development Director Bill Neuendorf Absent: Trustee Roy Kogstad and Village Clerk Carol A. Fritzshall Guests: Steve Friedman and Jill Steen, SB Friedman and Company President Krier welcomed the assemblage and led them in the pledge of allegiance. Mayor Krier introduced Community and Economic Development Director Bill Neuendorf who gave a presentation as to the progress and status of the Lehigh/Ferris Subarea Redevelopment Project. Mr. Neuendorf reviewed the goals of this project which included eliminating economic deterioration and obsolescence, enhancing property values of the surrounding neighborhood, increasing the Village's real estate and sales tax base, and providing additional housing opportunities including affordable housing. He then reviewed the project's objectives which included promoting high quality appearance and design standards, assembling land and parcels suitable for development, stimulating private investments, installing public improvements, and if necessary, providing incentives to encourage improvement in the subarea Mr. Neuendorf stated the planning process involved seeking out and considering perspectives from Village residents, property owners, business owners, outside professionals, Village staff, and the Lehigh/Ferris Advisory Committee and to consider different design alternatives, identify the preferred outcome and balance professional input with local inside and current realities. Mr. Neuendorf stated some of the current issues the subarea planning process had addressed included the development of potential neighborhoods, the realignment of the Metra railroad crossing, the potential for creating a new Metra station and additional parking, and identifying properties likely to change over the neat several years. Mr. Neuendorf also reported on the activities in the development area. As a result of the pending Bowman litigation, some of the planning processes have been held in abeyance; still, the area has experienced considerable progress including the near completion of the Woodlands project, the development of "The Crossings", and "The Preserves". EAV has increased dramatically, and substantial TIF increment has already been generated. At the creation of the TIF in 2000, the TIF District had an equalized assessed value of $14.2 million. Through 2004, the EAV of the district was $32.7 million. By comparison, the equalized assessed value of the entire Village in 2000 was $532 million and at the completion of 2004 was $740 million. In 2001, the TIF district generated $86,631 in increment. In 2002, it generated $299,229, in 2003, it generated $655,133 and through 2004 it generated $1,371,067. Successful projects include Outside the TIF but adjacent to it, the Concord project, "Trafalgar Square" has experienced strong sales. This development does not produce TIF increment but the increased EAV will result in additional taxes to be shared by the Village and other taxing bodies. Mr. Neuendorf then discussed the "next steps" which included further implementation of a subarea plan and the Village's affordable housing plan. He then introduced Steve Friedman and Jill Steen from the firm of SB Friedman. Mr. Friedman gave an overview of his firm and reviewed the firm's approach and philosophy and project experience in Palatine, Des Plaines, Park Ridge, and Bartlett. Jill Steen then reviewed the accomplishments of SB Friedman with respect to the Lehigh/Ferris Subarea to date. A planning team of FAR and Associates for planning and urban design, McDonough Associates, Inc. for civil engineering, Fish Transportation Group for traffic engineering, Bell, Boyd and Lloyd for legal, Terracon for environmental services, and Spear Financial, Inc., financial advisors has been assembled. SB Friedman conducted aparcel-by-parcel inventory, analysis, an assessment of development opportunities and constraints, and a preparation of a framework plan by analyzing blocks and parcels, a suggestion for the prioritization of projects, cost estimates, tax increment revenue projections and financial strategies. Ms. Steen also reviewed the current market potential within the District and discussed development constraints. Ms. Steen then reviewed the framework plan goals and objectives which included creating a transit oriented development neighborhood with walkable streets, mixed use residential and commercial development, market rate and affordable housing in support of commercial and retail uses. Mr. Friedman reviewed suggested project priorities, cost estimates, and immediate action items. Mr. Friedman then answered questions from Board members. Mayor Krier reminded the Board the regular Village Board meeting was scheduled to start within eight minutes. Trustee DiMariathen moved to adjourn the special meeting at 7:23 pm. The motion was seconded by Trustee Minx and approved unanimously pursuant to a voice vote. Minutes by: Teresa Hoffman Liston, Corporation Counsel legis~minutes~specialmeetingminutes.O 1-23-06