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EDC Minutes 1997 07-15-97 CITY OF YORKVILLE ECONOMIC DEVELOPMENT COMMITTEE MEETING TUESDAY, JULY 15,1997 Members present: Art Prochaska Jeff Spang Tom Sowinski Richard Sticka Others present: Jim Nanninga Darren Sloniger Chairman pro tem, Richard Sticka, called the meeting to order at 7:05 p.m. R -3 & R-4 Zoning - Mulhern Ct. Mr. Nanninga discussed the progress of this project. He said the petitioners are putting together plans and want to come in with reduced density. They are not willing to go 100% senior. There was discussion of a two year sun set clause. He asked if this could wait one more month. Mr. Spang suggested adding "those currently zoned R -3 and R-4 will maintain their present density for two years from the passage of this ". Dan Kramer will be asked to add this to the ordinance and bring it to the Committee of the Whole. FOX MILL LANDING REQUEST Darren Sloniger said his financing is related to the four unit loft only. Phase I is the loft and then will move to the proposed 8 -plex after the four loft units are sold. They are doing 75% of the Phase I site work related to the loft development. He requested a final building permit that reflects only to be able to build the four unit loft and the site work related to that. He wants to put up a letter of credit for that part only. (75% of the total Phase I letter of credit). When they start the 8 -plex, they will put up a letter of credit for the additional 25% then. He is asking to break this up into two pieces. He thought that only public improvements were included in the letter of credit (110 %) and he assumed that if it were to be dedicated to the city that is what that was. Mr. Wyrott told him the private drive behind the building would also have to be included in the letter of credit. Mr. Sloniger requested that this not be reflected in the letter of credit and that be a condition to the final certificate of occupancy. He would be giving a letter of credit on the sewer, water, lights, sidewalks, curbs and gutters. He would be removing the things related to the 8 -plex such as the sewer/water and the paving of the driveway. The driveway would still be built in Phase I, but not paved. Mr. Sloniger said the deal with the Byrds was finalized June, 1996 and the city has the PUD. Fox Mill Landing, LLC owns the property. There was discussion to clarify the request and the potential consequences. The various aspects of the letter of credit and proposed building sequence was discussed. Mr. Prochaska and Mr. Spang suggested that this project be split into three phases. The procedure of doing this revision was discussed. Mr. Kramer will be asked if the phases can be split keeping the integrity of the ordinance and the city will reserve the right to look at the phases again. Economic Development Committee 7/15/9' The City Council would have to approve this re- phasing. This will go to the Committee of the Whole. ANTI- MONOTONY STANDARDS Chris Lannert will be giving Mr. Nanninga information with updated population projections. This was tabled until then. COMPREHENSIVE PLAN Mr. Nanninga asked for the members to make comments on their copies of the Comprehensive Plan and to give them to him for review and revision. ADDITIONAL BUSINESS Sian Ordinance There was discussion of the various banner signs that appear in town without permits. Mr. Spang suggested that a part time enforcement officer be added to next year's budget to enforce the ordinances. ADJOURNMENT The meeting adjourned at 8:30 p.m. Submitted by, Sheryl Washburn Recording Secretary - I 2