11/17/1986 Public HearingROLL CALL:
133.
MINUTES OF THE PUBLIC HEARING HELD IN
THE ELEANOR ROHRBACH MEMORIAL COUNCIL
CHAMBERS, DES PLAINES CIVIC CENTER,
MONDAY, NOVEMBER 17, 1986
CALL TO ORDER: The public hearing held in pursuant to legal notice
for the purpose of designating an expansion of a
redevelopment project area, approving a redevelopment
plan and redevelopment project, under the Tax Increment
Allocation Redevelopment Act was called to order by
Mayor John E. Seitz at 8:10 P.M. in the Eleanor
Rohrbach Memorial Council Chambers, Des Plaines Civic
Center.
Roll Call indicated the following aldermen present:
Muehlenbeck, Kopios, Volberding, Bonk, Wetter, Schneck,
Kisslinger, Adams, Hardiman, Gebert, Sarlo, Addante,
Hervas, Zanca. Aldermen Martin and Chiropolos were
absent.
Mayor Seitz announced the purpose of the hearing and then introduced
Donald F. Eslick, Vice President - Kane, McKenna & Associates, Inc.,
208 S. LaSalle Street, Chicago, IL 60604, City's Economic Development
Commission's financial consultant; and Jack Klaus, Executive Director -
Economic Development Commission, who made a presentation.
Considerable discussion followed the presentation. Mr. Robert Von
Schwedler, President - River Court Condominium Association, 603 S. River
Road, asked that the letter he sent to all City officials be made part
of the minutes (see attached).
It was decided by all concerned that this public hearing would be con-
tinued on Monday, November 24, 1986 at 7:30 P.M. in Room 102, to give
residents further opportunity for input.
Entered and continued at 9:16 P.M.
MINUTES OF THE RECONVENED PUBLIC HEARING
HELD IN THE ELEANOR ROHRBACH MEMORIAL
COUNCIL CHAMBERS, DES PLAINES CIVIC
CENTER, MONDAY NOVEMBER 24, 1986, AT
7:40 P.M.
Present were: Aldermen Muehlenbeck, Kopios, Volberding, Bonk, Wetter,
Gebert, Sarlo, Zanca. Also present were Jack Klaus, Executive Director,
Economic Development Commission, Donald F. Eslick, Vice President -
Kane, McKenna & Associates, Inc., and Administrative Officer Wildenberg.
Mayor Seitz gave a brief review of the TIF Project and then introduced
Jack Klaus and Donald F. Eslick. Mr. Eslick advised that all reference
to general obligation bonds will be removed from the Redevelopment Plan
(Page 29). He suggested that Page 18 - Acquisition and Clearance be
amended to clearly indicate that only commercial properties would be
considered for acquisition. Alderman Kopios recommended that the last
sentence of the first paragraph read, "The City may determine at a
later date that to meet redevelopment objectives it will be necessary
to acquire additional properties, commercially zoned (C -2, C -4) at time
of plan adoption, in the Redevelopment Project Area."
Considerable discussion followed regarding the pros and cons of being
in or out of the TIF District. Alderman Kopios advised that there were
several property owners on the border of the TIF District who would like
to be excluded, namely 556 Graceland Avenue, 1662, 1670, 1671, 1678 and
1691 Mill Street. After further discussion, property owners at 1671
and 1678 Mill Street agreed to remain in the TIF District.
Mr. Eslick asked if any further changes were anticipated as the project
is on a very tight time frame. It was the consensus that there would be
no further changes after this meeting
Mr. Eslick reviewed the procedure that would now have to take place:
redraw TIF boundaries; recalculate equalized assessed valuation of
District; publish new boundaries in newspapers, notify all taxing