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Economic Development Minutes 2013 04-02-13 APPROVED W/ CORRECTIONS 5/7/13 UNITED CITY OF YORKVILLE ECONOMIC DEVELOPMENT COMMITTEE Tuesday, April 2, 2013, 7:00pm City Conference Room In Attendance: Committee Members: Alderman Carlo Colosimo Alderman Jackie Milschewski Alderman Diane Teeling Absent: Chairman Marty Munns Other City Officials: City Administrator Bart Olson Community Development Director Krysti Barksdale-Noble Code Official Pete Ratos Administrative Intern Jeff Weckbach Other Guests: Lynn Dubajic, YEDC The meeting was called to order at 7:00pm by Vice-Chairman Diane Teeling. Citizen Comments: None Minutes for Correction/Approval: February 5, 2013 The minutes were approved as read. New Business 1. EDC 2013-11 Building Permit Reports for February and March 2013 No discussion. 2. EDC 2013-12 Building Inspection Reports for February and March 2013 No discussion. 3. EDC 2013-13 Kendall Marketplace / Rob Roy Falls / City Land Swap Proposal Bart Olson reported on this item. Rob Roy Falls developers recently approached the City about a land swap. The City also needs to acquire an easement for the northwest corner of Beecher Rd. and Rt. 34 for a traffic signal. This acquisition/swap would close out the IDOT permit for a traffic signal. The land on which the community garden lies, would be transferred for 3 acres in the Kendall Marketplace property adjacent to Rob Roy Falls. That parcel could then be traded for a third parcel on the Rob Roy Falls land at a future time. 1 Alderman Colosimo posed a question he received from Alderman Munns who was unable to attend the meeting. Munns asked why a property on the main highway would be swapped for a piece in the back. Mr. Olson said it would be more beneficial to have the land near Kendall Marketplace as it might be developed sooner and generate taxes. Mr. Olson said ALTA surveys at a cost of $9,000 would be needed for all the parcels and the cost would be split 3 ways. Alderman Colosimo stated he would prefer not to spend the money until all other parties are able to pay their share. Ms. Milschewski requested the paperwork to verify the building restrictions on one of the parcels. Alderman Teeling said she was OK with the swap proposal while Alderman Milschewski and Colosimo expressed reservations about property restrictions. Additionally, Mr. Colosimo said the City should only approve the land swap deal when the title is transferred to the bank. Ms. Milschewski recommended the item be placed on the April rd all 23 Council agenda for to make a recommendation. The City will also ascertain if the property it would ultimately receive is under lease to an area farmer or if the property would have to be maintained/mowed. In conclusion, the committee recommended approval of the land swap subject to more rd information and due diligence. This item will move forward to the April 23 City Council meeting. 4. EDC 2013-14 Second Amendment to the Redevelopment Agreement for the Downtown Yorkville Redevelopment Project Area (Imperial Investments, LLC) Bart Olson reported that Boombah will be renovating the downtown Old Second Bank Building into a fitness center. A roof deck will also be created for warm weather workouts. This information must be incorporated into the agreement with Imperial Investments and this project is TIF-eligible. The parking lot will also be purchased by Boombah. Alderman Milschewski questioned the overall progress of Imperial Investments along Bridge Street and said she did not want to see the entire downtown in disrepair. Peter Ratos reported that about the project is about 90% complete and the entire façade will st also be re-done. The progress is more apparent at the back entrances. May 1 is the targeted opening dates for the businesses. The committee recommended approval of this amendment and this item will move forward to the next City Council meeting. Old Business: None Additional Business: --Alderman Milschewski asked the City to continue monitoring the sawmill property on Heustis Street. Ms. Barksdale Noble and Mr. Ratos said they are working with the Police Department to determine the best approach for remediation. It was noted that Judge Wilson had ordered that a fence be erected, however, it was not done. An adjudication order was also entered. Mr. Olson suggested that the matter should be discussed in Executive Session. 2 --In another matter, Ms. Milschewski also asked if any additional complaints had been received about the house in need of cleanup on Ridge. Mr. Ratos said the owner is complying with the requests made by the City. --Ms. Teeling discussed a national program that Romeoville uses for foreclosure homes. Ms. Barksdale Noble noted that the City has no means of knowing when a home goes into foreclosure, however, information could be posted on the website advising residents there is assistance available. --Alderman Milschewski asked if the City can be made aware of new businesses coming into town. This information is available in Mr. Olson’s administrative report. She noted there was a third “dollar store” opening by Panera. Olson said there is no licensing for new businesses and the City has no knowledge when a business leaves. Ms. Dubajic said the “dollar stores” are very popular at this time. It was noted that more businesses are needed in the south part of town, however, a recent dollar store there did not stay open. Ms. Dubajic said she provides education, options, advises of property restrictions when potential businesses approach her, however, not all businesses come to her. There was no further business and the meeting adjourned at 7:42pm. Minutes respectfully submitted by, Marlys Young 3