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EDC Minutes 2008 04-03-08 APPROVED 06/05/08 United City of Yorkville 800 Game Farm Road Yorkville, Illinois 60560 ECONOMIC DEVELOPMENT COMMITTEE MEETING Thursday, April 3, 2008 7:00 PM City Hall Conference Room In Attendance: Committee Members: Alderman Gary Golinski Alderman Marty Munns Alderman Joe Besco Other Citv Officials: Community Development Director Travis Miller City Manager Brendan McLaughlin Other Guests: Tom Rayburn Tony Graff Michal Krause Peter Raphael Tim Winter Lynn Dubajic Meeting Called To Order: Called to order at 7:10 by Gary Golinski Presentation: None Minutes for Correction /Approval: March 6, 2008 Minutes were approved with no amendments made. New Business: 1. EDC 2008 -13 Monthly Building Permit Report for February 2008 Travis Miller noted that there were two in the packet, one for February and for March and that they were down. He noted that they updated the projections and there would be monthly changes and the information would be available on line. They were expecting 1 three hundred ninety -three residential permits for 2008 based on what they had seen in the first quarter. 2. EDC 2008 -14 Monthly Plan Commission Report for March 2008 Travis Miller noted the report was in the packet and it was informational. The packet included zoning ordinance and a staff report. 3. PC 2008 -04 Yorkville Town Center - Raycorp PUD Amendment and Rezoning Request Travis Miller said that the packet included a staff report as well as a red line agreement. He said the petitioner was here to discuss the outstanding issues and he is here with some information on the outstanding issues. Miller noted that the economical text is still a critical part of the agreement. He noted that the colored version in the packet was highlighted by stars which represented changes. Mr. Tony Graff presented the concept plan and noted that they are planning on building two connections between 47 and 71. Mr. Graff said he spoke with Stephanie and she suggested using some of the water features to enhance the property and the unique characteristics. Mr. Graff said they were looking at an economic incentive of about a 130 thousand square feet and did some sales projects on the sales tax revenue the City would receive. They put in the agreement of an economic incentive agreement of 2.4 million. There will be about 12 million dollars in cost for the build out on the project. He said they were working with staff on improvements. Mr. Graff said that there was some discussion with IDot regarding the drainage way. He said he spoke with Don Hayes with the Army Core of Engineers to modify a permit. He said there was .333 of a wet land of jurisdiction was on the permit. They're also looking at getting in permanent signage in two places on 47 and 71. Also looking at a larger permanent masonry monument on the main entrance on 31 said Mr. Miller. Miller noted that there was a city code for lighting and they were going to incorporate that in the signage as well. There was some concern over light pollution and Jason Pettit was worried about the light disturbing the wildlife. He said that he wanted to limit signage. Mr. Tom Rayburn request this would go the May 13 City Council Meeting. Alderman Golinski asked the committee and it was unanimously agreed it would go to the City Council Meeting on May 13 4. EDC 2008 -15 MPI - Second Bond Issuance for Grande Reserve 'Central Portion' and Refinancing 2004 Bonds 2 Travis Miller noted that Attorney Orr had review both bond issues and refinancing requests and she agreed we move forward on the both. Guest Speaker, Peter Raphael stated that they did the first bond issues for the southern portion, Mr. Raphael refers to map. He noted that it was approved as all one deal and that they went back and they are now asking for the northern portion. He stated that they asked for a bond issue that benefited offsite improvements. They are looking to refinance that bond issue which is very similar to the original structure and they are refinancing for the purpose of helping financial aspects of the deal and it should be fairly straight forward. Alderman Gary Golinski said he didn't see a problem with it. Mr. Miller stated that they would move this to City Council to be determined. Alderman Gary Golinski when it comes back to put it on consent agenda. I 5. PC 2008 -02 Special Use Zoning Ordinance Amendment for Financial Institutions and Drive through Facilities Travis Miller said that a recommendation was made and that went to plan commission and then it went to a public hearing. The public hearing was last month and a plan commission recommended approval on text changes. It would require financial institutions such as banks and free standing banks to adhere to the special use zoning ordinance. The second part of this Mr. Miller noted that it also required drive thru facilities such as banks and restaurants to adhere to the same zoning ordinance. I Mr. Miller said this was ready to go to the next City Council Meeting and consent agreement for the 8th I I Old Business: 1. EDC 2008 -12 Economic Incentive Policy - Discussion Mr. Travis Miller stated that there has been a request to polish off this policy and in turn attract more businesses to Yorkville. Alderman Besco said that we were lacking in Industrial manufacturing. He wants to see more incentives go to manufacturing. Guest speaker, Lynn Dubajic stated that one of things they talked about was removing the names of the industrial parks because where ever there would be industrial parkways is where this would be in place. Ms. Dubajic stated that there were not many changes made in the policy. Alderman Joe Besco noted also that road improvements would help the community as well. He however doesn't recommend using the tax payer's money to do so because the businesses will eventually come and we should take Lynn's expertise advise. 3 Ms. Dubajic stated that they are defining the guidelines for the developers and bringing in retailers that would be regional in planning. Retailers that are regional would be stores that aren't found in every city such as Costco or Sam's Club. Alderman Gary Golinski said it would come back for next months meeting. 2. EDC 2007 -38 Sign Ordinance - Update Travis Miller stated there was no new information on the ordinance and it would come back on May 1St 3. EDC 2007 -50 Integrated Transportation Plan - Request for Proposals Mr. Miller said that the City asked for funding for four hundred thousand dollars in a j grant that they received from IDot back in 2004. They found out from IDot that the money was still there. Mr. Miller said that they would be hiring a consultant to perform services. Mr. Miller said listed in the packet was the list of services. He noted that this is in two components. The purpose of the grant is inter -motal transportation. It is an integrated transportation plan and there is a focus on multi use trails and multi use trail systems. He said it was broken down into two parts. All the City Trails and the Down Town City trials. Mr. Miller said that the final product will be a set of standards for the amenities that would be in the downtown area and trail systems to a higher level of development. He said that we would take this to the developers to give them guidelines. It would help take us through the public development process with commercial development and even with the trail systems. Mr. Miller said that they should be finalizing this by next spring. Additional Business: None i Adjournment: Meeting was adjourned at 8:25 pm Minutes Respectfully Submitted by: Jamie Cheatham 4 PLEASE SIGN IN MEETING: ti DATE: 2MB NAME I BUSINESS ) PHONE # i I IVt� d&j e✓au ( MPS Ca�ivcl�.��7�� f I c�3o - -?bD 1 r. 3o 95 s%cDo l I I� I I I I I� PLEASE SIGN IN MEETING: mob Amawo SATE: �- 3+�66/L CL NAME i BUSINESS PHONE it [yN�J,�unns(c CE�_ Ens 30 1A v3 I I I I I I I I I I I I I I